Long story short: You can create a Revolut account for free (and get €10), then send money from your foreign bank to Revolut, exchange currency there at no cost, and send it from Revolut to your Crypto.com visa card.
If you have a Crypto.com Visa Card, your currency will be either EUR or USD depending on which area you live in. If you live, for example, in the Nordic Countries (Sweden, Norway, Denmark), or even Switzerland, you want to top up your Crypto.com card with the local currency (in my case SEK, Swedish Kronor). In this post I show you how I use Revolut to transfer money to Crypto.com visa card and avoid currency exchange fees.
Why isn’t a regular bank transfer enough?
However, if I use my regular bank (Nordea). I need to send an international bank transfer, which will convert SEK to EUR before sending the money to my Crypto.com card. This involves some fees and bad exchange rates from Nordea, and it is the same if you have SEB, SwedBank, or any other big bank.
However, there’s a quite simple solution you can use:
The solution is to create an account at Revolut, which is a digital bank that has no maintenance fee, and offers free currency exchange (up to €10.000 a month). Once you have your account set up, you can use it as an intermediary between your bank and Crypto.com to get the best exchange rate and maximize your cash back. Here’s a step-by-step guide.
Step-by-step Guide: Transfer money to crypto.com visa card
Download the Revolut app on your phone (use my link and get €10)
Click on sign up and follow the verification steps. It might ask you for a selfie.
You can order a Revolut physical plastic card for free, and also add your card to Apple pay.
Load your Revolut account with money. OBS: always load up in your local currency! (e.g. SEK/NOK,DKK, CHF)
Option 1: Send money with a Bank Transfer. Go to your bank app and send money from your account to your Revolut bank address
Option 2: Load up money with your credit card. Fill in your credit card number and authorize the transaction.
Your Revolut account now should have balance in your local currency (in my pictures below, I sent 1000 SEK)
Use Revolut to exchange to EUR. I changed 1000 SEK to 96.99 EUR.
Open your Crypto.com App and find your Fiat Wallet address.
Select Deposit Fiat
Choose EUR
Copy the Bank Account information including Country (Lithuania), IBAN, BIC/SWIFT and account holder info.
Go back to your Revolut App and select Add a bank recipient.
Fill in your the data you copied from your Crypto.com app.
Now send money from your Revolut account to your added Crypto.com bank account. OBS: Make sure to send this money in EUR.
You will have to confirm this transaction with your phone.
You will receive a notification from your Crypto.com app when the money is received and added to your account. The first time you do it, it might take up to 24h (business hours) to complete the transaction. After that it should be instantly!
That’s it! Now you can start buying with your Crypto.com Visa card and earn cash back on each purchase at no extra cost for converting your currency.
If you liked this tip, make sure you check out my other tips, especially how to combine this trick with Curve to earn an extra 1% cash back on your purchases.
As with all blockchain transactions, they come with a fee. Note: Transferring crypto to your Crypto.com Wallet App's address will also incur a fee if completed on-chain. To avoid a fee, please use the Withdraw to App function.
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. SWIFT deposits and withdrawals will have varying bank transfer fees, and ACH and SEPA deposits and withdrawals are usually free.
To do it, you will have to select the TRANSFER button and then go to “Withdraw”, then “Crypto” and then “External Wallet”. Next, click on “+Add Wallet Address”. Pick the crypto you want to withdraw and then paste, type, or scan the withdrawal address.
A 2.99% fee will be charged for credit card top-ups. This feature gives users added convenience and complements the current methods, which include Crypto Wallet and Fiat Wallet top-ups (via the ACH network or bank wire transfer). For instructions on how to top up the Crypto.com Visa Card, please visit our FAQ.
The 10 cheapest cryptos to transfer with close to zero transaction fees
Solana. Solana is a smart contracts platform with a unique architecture that allows it to process thousands of transactions per second while keeping costs extremely low. ...
One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount.
To transfer funds from a cryptocurrency wallet to a fiat currency wallet, you will need to go through a process called "cashing out." This involves selling your cryptocurrency for fiat currency, which can then be withdrawn from your account or transferred to a fiat currency wallet.
Usually, the fee increases during sudden blockchain rate fluctuations and major world events; your crypto account has a history of microdeposits (like referral bonuses). If your account has large amounts of small deposits, the size of your transaction will be bigger as it will consist of many inputs.
Does Crypto.com report to the IRS? Crypto.com provides American customers with a 1099-K form when they have more than $20,000 in trade volume and more than 200 trades for the year. A copy of this form will also be filed with the IRS.
Obsidian: Crypto's top-tier and most premium card, this option comes with a huge staking requirement of $400,000. Obsidian earns 5% (active stake) CRO rewards and 2% (no stake) on card spending. Other perks include: a monthly reimbursem*nt on subscription services from Spotify, Amazon Prime and Netflix.
Crypto.com keeps it simple using the maker-taker model, with rates ranging from 0.04% to 0.40% for maker fees and 0.10% to 0.40% for taker fees. Investors pay additional fees for using credit cards.
Binance has one of the lowest cryptocurrency fees in the market. Users can utilize BNB for payments on the exchange. It guides beginner crypto traders around the platform. Users can use Binance Lite or Binance Pro.
IOTA doesn't charge any transaction fee at all. There are no miners on the IOTA network either, and each transaction can be completed without requiring any serious computing power. This also negates the need to pay any gas fee.
IOTA. IOTA does not charge any crypto transaction fees at all. There are no miners on the IOTA network either and each transaction is completed without requiring any serious computing power.
Another option when looking to cash out large amounts of Bitcoin is a Bitcoin ATM. Similar to a regular ATM, these payment processors allow users to sell their crypto for cash. There are currently over 16,000 Bitcoin ATMs darted around the world, you can find one in your area here.
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.
Users may use the virtual card instantly for online spending after top-up via the Crypto.com App. POS and ATM transactions are not supported by virtual cards, these transactions require a physical card.
Crypto credit cards work exactly the same as any other rewards credit card on the market: you're rewarded as you spend on the card.But in this case, you're given cryptocurrency for your purchases. However, keep in mind that each card differs in how they process and award the cryptocurrency for their cardholders.
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.
The BitPay crypto card lets you use crypto like cash. This means you can put a down payment on a car, make monthly payments, and even pay for your car insurance with crypto. Use the BitPay Card like you would any other debit card.
Every version of the Crypto.com Card includes free ATM withdrawals up to a monthly limit, which depends on the card tier: Midnight Blue: $200. Ruby Steel: $400. Royal Indigo and Jade Green: $800.
Introduction: My name is Msgr. Refugio Daniel, I am a fine, precious, encouraging, calm, glamorous, vivacious, friendly person who loves writing and wants to share my knowledge and understanding with you.
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