If you’re looking for the best Bitcoin Debit Card, you’re in luck as there is a variety of cards to choose from. They let you cash out your Bitcoin and other cryptocurrencies instantly in the real world. Crypto Cards look and function as any modern visa or MasterCard but use cryptocurrencies in their back-end.
While the adoption of cryptocurrencies is increasing, most business still only accept fiat currencies. For this reason, cryptocurrency users have always had to first convert their holdings to fiat using an exchange, deposit it into a bank, and then spend it. Bitcoin Debit cards remove this hassle by letting you spend your cryptocurrencies instantly.
Read on if you’re interested in knowing other options that are available.
Choosing the Best Bitcoin Debit Card in UK
Customers in the UK can choose from various cards and are not short of choice. Each of them come with their pros and cons and one card might not be ideal for everyone. The metrics we look for are security, fees, ease-of-use, supported currencies, jurisdiction, and perks.
Right now, NURI seems to be the best option to get a crypto debit card in the UK. Originally known as BitWala, it was launched as a blockchain payment company back in 2015. They were also one of the earliest companies to offer a crypto debit card for customers to directly spend their cryptocurrencies. Now, BitWala has rebranded to NURI and become a full-blown bank along with inbuilt crypto services.
NURI opens a German Bank account, which comes with a deposit guarantee of €100,000. NURI offers access to both banking and crypto within its app, with incredibly low fees. They charge almost nothing for most services, and even give out 5% returns on Bitcoin. Users can convert their GBP to cryptocurrencies within the app. You can also convert it back to fiat, and spend it anywhere with the free debit card that comes along with the account.
CryptoPay Card Type: Visa
CryptoPay offers a simple prepaid card that can be topped up with Cryptocurrencies. It does not come with any of the fancy features, a bank account, or a rewards program. However, it gets the part of offering a prepaid card right and straightforward.
The fee is also minimal as compared to other crypto cards. It comes with high spending limits which can be used at offline POS stations and for online purchases.
CryptoPay Card Type: Visa
Coinbase is one of the largest exchanges, and they conveniently offer a debit card to cash out your crypto gains quickly. It does not come with any of the frills such as rewards or any bonus features. However, it is a safe bet for those looking for an easy card from a reliable exchange.
Coinbase Card Type: Visa
Crypto.com, previously known as Monaco is an early pioneer in the crypto-card scene. They were one of the first companies to launch a visa-based crypto card. They have extensive crypto offering to serve all kinds of customers. Crypto.com provides five different cards with various rewards and features. While the basic version is free, the other four variants require staking of CRO tokens that can cost as much as £300,000 for the most expensive card.
Crypto.com card offers some of the most unique rewards. The base card comes with a 1% reward and goes all the way up to 8% on the highest-end card. Some variants even offer a free subscription to Spotify, Netflix, and Amazon Prime. Crypto.Com is the best Crypto Cash Back card in the UK.
Crypto.com Card Type: Visa
Revolut is another Challenger Bank, similar to Wirex. It is easy to open an account right within the app and supports conversion of major cryptocurrencies right within the app.
Revolut does not come with a reward system. However, it has some of the lowest fee in the industry. It has 4 different monthly plans to choose from, with the cheapest plan being free and the most expensive plan at £12.99 per month. The major difference is the difference in fees and additional purchase protection.
Revolut Card Type: Mastercard
Monolith Card is probably one of the coolest and most unique cards in this list. Instead of using the traditional system, it runs on Ethereum Blockchain using smart contracts. This also means that the card does not support Bitcoin.
The card is linked to a non-custodial Ethereum wallet that is controlled by you, making it one of the most secure cards. The Ethereum on your wallet can be exchanged for fiat currencies on demand, which can be spent using the Monolith Visa Card. However, with the Ethereum Gas fee fluctuating, transaction costs can get really high.
Monolith Card Type: Visa
Best Bitcoin Debit Card in the UK: Verdict
Choosing a Bitcoin Debit Card can get hard. While the initial costs are low, the various fees add up. So, you have to choose the card that best suits you.
Wirex is most likely the best crypto card in UK for most people as it acts as a bank and cryptocurrency exchange rolled into one along with a debit card. The Bitcoin Cashback that they offer is also highly enticing.
Crypto.com Card is a good choice for those who’re looking for premium cards and can afford one. Meanwhile, Monolith has a truly unique offering by using the Ethereum Blockchain.
If you’re looking for something simple, and you already have a Coinbase account, a Coinbase Visa card might work for you. Otherwise, CryptoPay is also a good choice for its low fee and straightforward functioning.
If you’re looking to trade on exchanges, check out our article on Crypto-Friendly banks in the UK.