Crypto.com Visa Card Review
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Cryptocurrency cards are becoming increasingly popular due to their rewards and their ability to link cryptocurrencies to regular card purchases. One of the most popular cards on the market is the Crypto.com Visa Debit card. This card is prepaid and allows you to load up fiat or cryptocurrencies in exchange for a wide amount of incentives such as airport lounge access, cashback, and rewards. In this Crypto.com card review, we look over all the rewards, limits, and fees that are associated with the card.
If you’re looking for other crypto debit card alternatives, don’t forget to check out hi Debit Card, which will be released soon. Unlike prepaid cards offered by Crypto.com, himembers have the ability to spend crypto and fiat holdings through theirhiCard directly from their Flexible account, without the need to top-up funds to a separate card account.
Crypto.com Card Tiers
The Crypto.com card has a variety of rewards depending on the tier of card you choose. The first card is free to get, however, you can stake some CRO to purchase different cards. Each tier has a specific qualifying limit. You can compare the various rewards and staking requirements in the crypto.com card tiers table below.
Midnight Blue | Ruby Steel | Royal Indigo & Jade Green | Frosted Rose Gold & Icy White | Obsidian | |
CRO Stake requirement | FREE | $500 | $5,000 | $50,000 | $500,000 |
CRO rewards when staking | 1% | 2% | 3% | 5% | 8% |
Non-staking CRO Rewards | 1% | 1% | 1.5% | 1.75% | 2% |
Benefits (100% purchase rebate) | No benefits | Spotify | Spotify and Netflix | Spotify, Netflix, Amazon Prime. Plus 10% rebate for Expedia purchases and more. | |
Composite metal card | No | Yes | Yes | Yes | Yes |
How to Get Crypto.com Card?
Getting a crypto.com debit card is a relatively easy process which you can do online directly from the Crypto.com app. The steps to ordering a Crypto.com Debit card are as follows:
- Download the Crypto.com app.
- Complete the verification process (they may need to see some ID)
- Navigate to the ‘Card’ page at the bottom of the app.
- Select your preferred card tier and stake the required CRO.
- Submit your address.
- That’s it! You can check the ‘Card Issue Status’ on the card reservation page to check when your card’s been shipped.
Crypto.com Card Requirements
There are a few requirements for getting a Crypto.com card. You should be guided through all of these during the process of ordering the card. The requirements are as follows:
- Complete Crypto.com’s verification requirements
- accept the Terms & Conditions
- hold enough CRO in your App wallet to stake for a lock-up period of 180 days
- be based in Singapore, the United States, Canada, and countries in the Asia Pacific region and European Union/UK.
How long does it take to get a crypto.com card?
The delivery time differs between regions. For users based in the US, EU, APAC, or Canada, the card should be delivered within 7-14 working days. Users based in Singapore will have their cards delivered within 3-7 working days.
Crypto.com Debit Card Fees
Item | Fees (USD) |
ATM withdrawal fee (after passing free limit) | 2% |
Debit/Credit card top-up | Debit: 0% Credit: 2.99% |
Pay-Pal top-up | 2.1% |
Fee to re-order a card | Midnight Blue: $7 Other cards: $50 |
Fee for 12-months of inactivity | $4.95 |
Crypto.com Debit Card Limits
Item | Limits (USD) |
Free Monthly ATM withdrawal limit | $200-1,000 |
Total withdrawal limit | Daily: $500-2000 Monthly: $5000-10,000 |
Frequency of ATM withdrawal limit | Daily: 3 |
Cumulative top-up limit | Daily: $10,000 |
Top-up limit when paying via debit/credit card | Daily: $250-1000 Monthly: $2000-5000 |
Top-up limit when paying via PayPal | Daily: $1000-5000 |
Limit on fiat to card transfers | Daily: $10,000 |
Limit on crypto to card transfers | Daily: $10,000 Monthly: $25,000 |
Limit on card to card transfers | Daily:$100-500 |
Limit for online/in-store purchases | Daily:$10,000-$25,000 |
Crypto.com Card Benefits
There are a wide variety of benefits to having a Crypto.com card. Here are a few of the main ones:
- It’s an easy way to turn cryptocurrency into a spendable currency
- You can earn rewards on spending
- There’s no monthly or annual fee
- You can get reimbursed for some purchases
- Free ATM withdrawals (up to a certain limit)
- Credits for Expedia and Airbnb (with some card tiers)
- Airport lounge access (with some card tiers)
Conclusion
The Crypto.com Debit Card is just one of many amazing cryptocurrency cards on the market. Other cryptocurrency cards on the market will offer similar, if not better, rewards. If you’re looking for something different, you can check out the hi Debit Card which will be released soon. With the hi Debit Card, you can spend crypto and fiat directly from your Flexible account!
FAQs
How does the Crypto.com card work?
The pre-paid card works by offering incentives and rewards in return for staking CRO (a currency created by crypto.com). The entry-tier card is free but the other cards require you to stake an amount of CRO for at least 6 months. After this period, you can withdraw your funds and reduce the benefits, or keep the money staked to maintain those benefits.
How to use the Crypto.com card?
Crypto.com’s card is a pre-paid card. This means that the card isn’t linked to a bank account or wallet and you’d need to top up the card using a method such as card payments or PayPal. Once the card is topped up, you can use it just as you’d use a regular debit card. This means you’ll only be able to spend the money that you have on your account. If the card runs out of funds, you’ll need to top it up again.
How to upgrade Crypto.com card?
To upgrade your card to another tier, you’ll need to stake whatever additional CRO is required to cover the minimum staking requirement for the tier you want. To do this, you’ll need to go to your CRO Wallet in the Crypto.com App and tap on the ‘Stake’ button. The app will guide you through the required steps, then you can enter and confirm your Crypto.com Visa Card upgrade by tapping ‘Upgrade’.
Is the Crypto.com card worth it?
Unlike other prepaid cards, the crypto.com card doesn’t offer any sign-up bonus. However, the rewards that come from using the card make it a worthy choice if you are looking for a card that gives you easy access to your cryptocurrency. It’s still worth looking around and comparing this card to other cards, to make sure that the rewards you’re getting are best for you.
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As a cryptocurrency enthusiast with a deep understanding of the crypto space, I'm here to provide insights into the Crypto.com Visa Debit card and its associated concepts discussed in the article.
First and foremost, the Crypto.com Visa Debit card is a popular choice in the growing trend of cryptocurrency cards. These cards enable users to link their cryptocurrencies to regular card purchases, offering various rewards and incentives. My expertise in the field allows me to delve into the specifics outlined in the review:
Crypto.com Card Tiers:
The Crypto.com card comes with different tiers, each offering distinct rewards based on the level of CRO (Crypto.com's native cryptocurrency) staked. The tiers range from Midnight Blue (free) to Obsidian (with a high staking requirement). Rewards include cashback, Spotify, Netflix, Amazon Prime subscriptions, and more. The composite metal card is also offered at higher tiers.
How to Get Crypto.com Card:
Obtaining a Crypto.com Debit card is a straightforward process through the Crypto.com app. Users need to download the app, complete the verification process, select their preferred card tier, stake the required amount of CRO, and submit their address. The delivery time varies by region, with users in different locations receiving their cards within specific working days.
Crypto.com Card Requirements:
To qualify for a Crypto.com card, users must fulfill certain requirements, including completing Crypto.com's verification, accepting terms and conditions, holding a sufficient amount of CRO in their app wallet for a lock-up period of 180 days, and being based in eligible regions such as Singapore, the United States, Canada, Asia Pacific, and the European Union/UK.
Crypto.com Debit Card Fees:
The Crypto.com card comes with associated fees, including ATM withdrawal fees, debit/credit card top-up fees, PayPal top-up fees, re-ordering fees, and an inactivity fee. These fees vary based on the card tier.
Crypto.com Debit Card Limits:
The card imposes limits on various transactions, such as monthly ATM withdrawal limits, total withdrawal limits, frequency of ATM withdrawal, cumulative top-up limits, top-up limits via debit/credit card and PayPal, limits on fiat to card transfers, crypto to card transfers, card to card transfers, and limits for online/in-store purchases.
Crypto.com Card Benefits:
There are numerous benefits to having a Crypto.com card, including the ability to convert cryptocurrency into spendable currency, earning rewards on spending, no monthly or annual fees, reimbursem*nt for some purchases, free ATM withdrawals (up to a certain limit), credits for Expedia and Airbnb, and airport lounge access for certain card tiers.
Conclusion:
The Crypto.com Debit Card is highlighted as a noteworthy cryptocurrency card, but the article also suggests exploring other options, such as the upcoming hi Debit Card, for a different set of features. The decision to choose a specific card depends on individual preferences and requirements.
FAQs:
The FAQs section addresses common questions about how the Crypto.com card works, its usage, the process to upgrade the card, and whether it's worth the investment. It emphasizes the importance of comparing the card to others in the market to ensure it aligns with the user's needs.
In summary, the Crypto.com Visa Debit card offers a range of features and benefits, but users are encouraged to explore alternatives and conduct thorough comparisons to make an informed decision based on their specific preferences and priorities in the cryptocurrency space.
