How to Apply for a Crypto.com Visa card? (2024)

FAQs

How to Apply for a Crypto.com Visa card? ›

The Crypto.com Visa Card*​​ allows cardmembers to earn cash back in the form of CRO Rewards. CRO rewards are Crypto.com's cryptocurrency token, which can be traded on crypto.com's platform into other digital coins or even into fiat currency. Crypto.com's Visa card is actually a series of cards.

The Crypto.com Visa Card*​​ allows cardmembers to earn cash back in the form of CRO Rewards. CRO rewards are Crypto.com's cryptocurrency token, which can be traded on crypto.com's platform into other digital coins or even into fiat currency. Crypto.com's Visa card is actually a series of cards.

Crypto.com will check that you have at least $400 worth of CRO in your account. Once your card is ready to ship, you'll need to stake the required CRO. Data source: Crypto.com. After you've staked crypto for 180 days, you can unstake it and keep your card.

Application Processing

While most applications are being processed in 3 - 4 days, due to the overwhelming number of new applicants, some KYC reviews are taking approximately 7 business days.

Standard shipping of your Cryptopay prepaid card is free and typically takes up to 1-2 weeks to deliver.

Virtual Crypto.com Visa Cards Are Now Available For Cards Issued From Singapore. Use your virtual card online instantly and get up to 5% CRO back on purchases.

Inactivity: US$4.95 per month of inactivity will be charged after 12 months of no cardholder-initiated financial activity on the card unless activity resumes. The fee will stop being charged and the 12 months will be reset once activity resumes.

Where can I withdraw cash with my Crypto.com Visa Card? You can withdraw cash from almost any ATM worldwide that bears the VISA or VISA Plus logo.

What is the maximum amount on a crypto com card? ›

If you're linking a bank account in the United States, you'll be prompted to enter Know Your Customer (KYC) details to verify your identity, including your name, contact information, and Social Security number. Fully verified users can deposit funds and make withdrawals up to Crypto.com's daily and monthly limits.

There's no credit check

When you apply for a regular credit card, you'll need to submit your personal information and allow the card issuer to do a credit check to pull your credit information.

A crypto credit card is a rewards credit card that lets you earn cryptocurrency rewards on purchases instead of cash back or points. They function the same way as a normal credit card: you get a credit line from the bank that you use to make purchases then pay off at the end of the billing cycle.

Open the Crypto.com application. Link a preferred bank account if you haven't already. However, if you already have a linked bank account, click on transfer. This can be found under the crypto account balance.

Since they're prepaid cards, opening or using Crypto Cards won't help, hurt, or have any impact on your credit score. It also means you won't need to meet any income eligibility or credit score requirements and interest won't ever enter the equation.

Users may use the virtual card instantly for online spending after top-up via the Crypto.com App. Card activation is only required for the physical card upon arrival.

Rates and fees

And while it's free to transfer money from your bank account, there's a 3 percent fee for using your credit card to fund your prepaid card. Other fees associated with the different card tiers are listed in the Crypto.com app.

Founded in 2016, Crypto.com today serves over 10 million customers with the world's fastest growing crypto app, along with the Crypto.com Visa Card — the world's largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet.

Is crypto com visa card taxable? ›

Are crypto debit cards and credit cards taxable? Yes. The IRS considers cryptocurrency a form of property, similar to real estate and stocks. That means that cryptocurrency purchases and rewards are subject to both capital gains and income tax.

Buying with a credit or a debit card will have a 2.99% fee, and if you exchange crypto within your account, the transaction will be free.

Is there a fee for card upgrades? No. Card upgrades are free for all Crypto.com VISA card tiers.

To comply with the limits imposed, the following changes will be adopted by Crypto.com with effect from 28 January 2020: The maximum balance you can hold in your Crypto.com Visa Card wallet is S$5,000. The maximum amount you can spend from your Crypto.com Visa Card is S$30,000 annually, starting from Jan.

Can I have more than one Crypto.com Visa Card? No, we will only be able to issue one card per person.

The Maximum Withdrawable Amount

Example of Margin Level Rule: In the example below (not representative of observed market values), a user with a 10 BTCUSD-PERP position and US$50,000 in their wallet can withdraw up to US$30,000 while the perpetual contract position is open.

Does Crypto.com report to the IRS? Yes, Crypto.com does report crypto activity to the IRS. US users who earn $600 or more in rewards from Crypto.com from Staking, Earn, Referrals, or certain other activities will receive a 1099-MISC tax form and the same form will be sent to the IRS.

Download the Google Pay app from Google Play. Add your eligible physical Crypto.com Visa Card. Verify your Card and you're all set!

How to transfer money from crypto com visa card to bank account? ›

The straight answer is that taking out a crypto loan will not generally impact your credit score. First of all, since FinTechs that offer these services seldom do credit checks to approve your loan, requesting a loan, regardless of being approved or not, will not show up on your credit report.

Crypto.com lets you pay with cryptocurrency not only on Amazon, but also at eBay and Walmart. The company offers a Visa card with up to 8% cashback rewards.

Coinbase's Visa Debit Card has no monthly or annual fees. Additionally, there are no foreign transaction fees when using the Coinbase card abroad. The Crypto.com Visa, on the other hand, charges a $50 annual fee for the card. Additionally, users are charged a 3% for credit card top-ups.

Disclaimers. The Crypto.com Visa Card is issued and promoted by Foris MT Limited pursuant to its Visa Principal Issuing license.

Bitcoin debit cards are just like bank-issued prepaid debit cards that can be loaded with cryptocurrency to pay bills.

How Does a Crypto Card Work? A crypto card works just like any payment card from a regular financial institution. You can use it for regular purchases, just like a bank-issued debit or credit card.

Crypto.com doesn't offer a bank account in a traditional sense. Your coins are held in a digital wallet. To access the funds, you'd need to sell your crypto so that the funds from that sale can be held in a fiat wallet as U.S. cash.

There is no issuance fee. There is no monthly fee (0.00 USD). Actually, there is not even any commission on spending. This means that if you buy a nice sweater for USD 100, this will reduce your crypto assets with only USD 100.

If eligible, you can sign up for Coinbase Card through Coinbase.com or the Coinbase mobile app. Go to your Pay tab, select Apply now under Coinbase Card, and follow the prompts to sign up. The criteria for the Coinbase Card are pre-determined by factors which include your US state of residence.

How does a cryptocurrency Visa card work? ›

How do they work? Crypto credit cards are used just like any other credit card: they can be swiped in-store or used online to purchase goods and services. Transactions occur in fiat currency, and users receive a monthly statement detailing their purchases in that time.

Crypto debit cards are just like prepaid debit cards. You must link your wallet to your crypto card so you can use it for payments and withdrawals. Keep in mind that some crypto debit cards incur maintenance fees and charge a certain amount with every ATM withdrawal.

Whenever you lockup the required CRO for the higher card tier, you can enjoy varieties of lockup benefits such as increased cashback, reimbursem*nts, increased lockup interest in Crypto Earn, etc., depending on the card tier that you've locked up for.

A user's Spending Limit is determined based on the current market price of the crypto that they select to be used as collateral and the Loan-to-Value (LTV) percentage applicable to them. The maximum Spending Limit that can be granted is CAD 60,000. *The table is for illustration purposes only.

Does Coinbase report to the IRS? Yes. Currently, Coinbase IRS reporting includes forms 1099-MISC for users who are U.S. traders who made more than $600 from crypto rewards or staking in the 2022 tax year. Note that these tax forms do not report capital gains or losses.

Crypto.com has a ton of features. The platform offers access to more than 250 cryptocurrencies, including several top coins that Coinbase doesn't support. With so many features, Crypto.com can be a little more difficult to use, so it's generally better for investors who already have some experience trading in crypto.

Because the only difference with these cards is the type of rewards you earn, they'll affect your credit score in the same way as a traditional rewards credit card. When you first apply, you'll be subject to a hard credit inquiry, which can ding your credit score a little, though the impact is temporary.

If your crypto rewards debit card is issued by Visa, the card will work anywhere Visa is accepted—you can even withdraw cash from ATMs worldwide with crypto debit cards.

What is different about crypto Visa card? ›

The difference relates to your rewards: like many credit cards, crypto credit cards give you rewards rewards against your purchases. But instead of travel points or cash-back, those rewards are paid to you in crypto. This will be deposited in a wallet set up in connection with the card.