Crypto.com Card Review – Fees, Earn, Tiers, Perk

Crypto.com Card Review

Crypto.com Card Review, As per Coingecko.com, Crypto.com exchange is the fourth most popular cryptocurrency exchange, out of the complete of 507 exchanges that we discover in the marketplace. Apart from selling and buying Bitcoin as well as other cryptocurrencies, Crypto.com offers an array of other alternatives that catch our attention which is why their card cards stand out as just one of those options.

One popular argument that supports fiat currencies in opposition to cryptocurrency is that you can’t utilize digital currency to pay for grocery items or other items you use regularly using the. However, with the credit card that is a cryptocurrency like Crypto.com Card, you can buy that ….and even more.

This article discusses Crypto.com Card, one of the most popular digital debit cards available Pros and cons, the types of cards that are available and other things. So let’s start.

Also Read: CoinEx Exchange Review – Fees, Supported Coins & Countries, Payment Methods

Crypto.com Review of Debit Cards Introduction

Crypto.com Visa Card is according to our personal view, among the most popular cryptocurrency debit cards can be found on the market. It’s unique, simple-to-use, for beginners, with excellent options for payment, high speed and a low-cost debit card that is prepaid. Crypto.com Visa Card transforms the crypto money you hold on this card into a currency that can be used when you use it to pay.

Crypto.com Visa Card
Supported cryptos Fiat supported
BTC, ETH, LTC, XRP, TUSD, PAX, EOS and many more USD, GBP, EUR, HKD, JPY, SGD and AUD

It’s available across The United States, Europe, the United Kingdom, Canada, and Singapore. Crypto.com Visa Card provides up to percent cashback, along with a variety of other advantages.

Crypto.com Card Review

What is it? Crypto.com Rewards Visa Card?

Crypto.com Rewards Visa Card (former MCO Rewards Visa) is a prepaid debit card made specifically for crypto enthusiasts who want to use their digital assets as a spendable currency.

Instead of waiting for a few days to have your cryptocurrency be available for use, Crypto.com Rewards Visa Card lets you access your digital assets immediately. That is the major benefit for this particular card.

When you, as proprietor of the Crypto.com Rewards Visa Card and you add crypto-assets to the card, the cryptocurrency becomes a currency that can be used virtually everywhere. It is dependent on the level of credit card you hold when you spend money with the card, you’re also receiving rewards for your spending.

Also Read: Blockfolio Review 2021 – Is this still the king of Crypto Trackers?

Cards of different types such as tiers

With the lowest staking requirements, you can get the lowest-tier card that comes with the least amount of rewards. On the other side, with higher staking requirements you get more and more benefits and rewards.

Based on the staking requirements In the following text we’ll go over the types of cards you are eligible for as well as the rewards you could earn.

Crypto.com Card Review

Obsidian

It is a top-tier premium card with a large staking requirement – $400,000 . With Crypto’s Obsidian card, you earn 8% CRO rewards on card spending.

Other advantages associated with the Obsidian card include:

  • 100 percent Cashback Amazon Prime, Netflix, and Spotify
  • 10% cashback on Expedia and Airbnb
  • $1,000 per month, no fee for ATM withdrawals
  • Access to the Airport Lounge for cardholders and an additional guest free
  • Crypto.com Private

Also Read: Koinly Vs Zenledger What Crypto Tax Calculator is Best?

Rose gold frosted Icy white

It is the second-highest card with a still high staking requirement – $40,000 . You can choose between the Frosted Rose Gold or Icy White. With these cards, you earn 5% CRO rewards on card spending.

Other advantages that come with the Crypto’s Frosted Rose Gold and Icy White cards are:

  • 100 percent money back on Amazon Prime, Netflix, and Spotify
  • 10% cashback when you book Expedia
  • $1,000 per month, fee-free ATM withdrawals
  • Access to the Airport Lounge is available to cardholders as well as one additional guest free
  • Crypto.com Private

Royal Indigo and Jade Green

Mid-tier cards with acceptable staking requirement – $4,000 . It also comes in two options, the Royal Indigo, and Jade Green. With these cards, you earn 3% CRO rewards on card spending.

Other advantages that come with the cryptocurrency’s Royal Indigo and Jade Green cards are:

  • 100 percent Cashback Netflix and Spotify
  • Monthly fee-free ATM withdrawals
  • Access to the airport lounge for cardholders

Ruby Steel

It is a penultimate level card with a very low staking requirement – $400 . With Crypto.com Rewards Visa’s Ruby Steel Card, you earn 2% CRO rewards on card spending.

Other advantages of the Card: Ruby Steel card:

  • 100 percent cashback on Spotify
  • $500 per month, fee-free ATM withdrawals

Midnight Blue

For Crypto.com Rewards Visa’s Midnight Blue card, there is no staking requirement – it is a free option. Because of that, this card has just 2 benefits. With the Midnight Blue card, you can earn 1% CRO rewards on card spending, and your monthly fee-free ATM allowance is $200.

Also Read: FTX Staking Review – Supported Coins, APY, Fees Explained

What is The Crypto.com Rewards Card Function?

Spend crypto

Since it is not an exclusive condition that you have to stake CRO to get some of the benefits of the Crypto.com cards, however, to receive some of those benefits, you will need to spend crypto from your card. And the more you spend, the more you earn.

You can make use of you Crypto.com card anywhere you want to. Visa typically is accepted. There are over 50 million ATMs across the globe and numerous online stores.

Reward yourself

The Crypto.com Rewards Visa card enables cardholders to earn cashback in the form of CRO and other benefits and privileges.

As we mentioned earlier, Crypto.com‘s Rewards Visa is not a single card, but a variety of different kinds of cards. Each level of the card is based on the amount of money you invest and with a higher amount of risk, you can enjoy greater advantages. For instance, the Obsidian (highest credit card) card comes with an 8% return on CRO along with other benefits and midnight blue, the Midnight Blue card (lowest card) it only offers 1percent CRO.

For the vast majority of cryptocurrency enthusiasts, the amount they’ll need to purchase the Obsidian account ($400,000) is beyond the reach of most. Therefore, we could suggest that a figure of “up to eight percent” could be a bit untrue.

Also Read: FTX NFT Marketplace Review – How to Make Use Of It (Fees and the Wallet)

Stake CRO

Unlike other debit cards, the Crypto.com Rewards Visa card requires you to stake funds (except the Midnight Blue card). In the case of these cards, that would be Crypto.com ‘s CRO token. Keep in mind that the staking requirement is fixed in USD (not in CRO).

Additionally the higher the amount of CRO you place the higher tier of credit card you’ll purchase and, consequently, you will receive greater advantages and privileges at your available.

Crypto.com Card supported coins

Crypto.com currently supports 170+ cryptocurrencies, with more and more every month Just in September 2021, Crypto.com added 15 new cryptocurrencies.

Crypto.com card charges

on pos

Fees Amount Details
POS PIN debit purchase No charge No charge to use card to make purchases.
POS signature purchase No charge No charge to use card to make purchases.
POS PIN purchase (declined) No charge No charge if card is declined at the Point of Sale (POS)
POS SIG purchase (declined) No charge No charge if card is declined at the Point of Sale (POS)

upon ATM withdrawals

Fees Amount Details
ATM withdrawal No charge or 2% Fee In accordance with the type of card you have and the restrictions for monthly ATM withdrawal ($200-$1000), there is no withdrawal fee. If the ATM withdrawal is exceeded during the month for a certain type of card, 2% of the fee will be charged for subsequent withdrawals.
ATM withdrawal (declined) No charge No charge if your card is declined at the ATM.
ATM balance inquiry No charge No charge to check balance at an ATM.

for online purchase

There are no fees for online purchases made with your Crypto.com Visa debit card.

Also Read: FTX Vs Coinbase: Features, Fees and Security.

Intuitive Mobile App

Using the Crypto.com mobile app, you can buy/sell/store/trade more than 170 different cryptocurrencies. This includes BTC, ETH, LTC, and many other popular cryptos.

The app is available on the iOS as well as Android devices. After you have verified your identity, you’ll be able to buy crypto using an exchange rate that is local, like USD, EUR, or GBP.

Crypto.com Card Review

The mobile application has an easy-to-use, modern interface that is designed to be extremely user-friendly. All in all, Crypto.com mobile application is a straightforward but robust product.

Also Read: How to Transfer Crypto (BTC, ETH, ADA etc.) To Kraken into Crypto.com?

Supported Countries

Crypto.com Mobile App is available worldwide .

Crypto.com cards are currently available in the United States, Europe, United Kingdom, Canada, and Singapore.

The card is available in over 30 European countries:

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland

spending limits

Limit $ Card € Card £ Card
Max Card Balance 25,000 25,000 22,000
Topup Limit (Daily) 10,000 25,000 22,000
Topup Limit (Weekly) 25,000 25,000 22,000
Topup Limit (Yearly) 250,000 220,000
ATM Withdrawal Limit (Daily) 500* 2,000 1,800
ATM Withdrawal Limit (Weekly) 5,000* 10,000 9,000
ATM Withdrawal Limit (Yearly) 75,000 66,000
ATM Withdrawal Frequency (Daily) 3 3 3
ATM Withdrawal Frequency (Monthly) 30 30 30

*The amounts indicated with an asterisk are the limits that apply to Midnight Blue Card. There are limits that are higher for other card levels.

Also Read: How do I transfer cryptocurrency (BTC, ETH, ADA etc.) From FTX to Bybit?

How do I apply for and verify your card through Crypto.com?

To apply for Crypto.com Visa Card, you need to follow the next steps:

1. Register Install and download the Crypto.com mobile App. Make sure to complete the KYC.

Second step: Apply The “Card” button in the bottom of the right-hand corner. Click it. Select the card you want to use.

Third Step.

I agree to the Terms and Conditions

II Transfer the quantity of tokens into your app wallet and then stake them for an initial lock-up period of 6 months.

Third Submit the form and check your address for delivery.

4. Shipping You will be notified when your card has been sent. You will then be able to monitor how your card on your app.

The normal time frame for delivery is between 7 and 14 business days.

Once you have received your card, sign in to Your Crypto.com App and select “Card.”

Click on “Activate Your Card.” You will need to enter the CVV code that is on the reverse of your card.

Choose the 4-digit pin number you wish for your card …. and then poof … the card has been activated.

Also Read: How do you Stake an Atomic Wallet? Do you think Staking On Atomic Wallet Safe?

What are the other benefits that Crypto.com card provide?

Loungekey access

Cardholders of the Obsidian, Frosted Rose Gold, Icy White, Royal Jade, and Indigo cards are allowed to use this privilege. Except for cardholders of Royal Indigo and Jade Green cards, you can bring with you an additional guest for free.

Bonus rewards

Suppose you qualify for Crypto.com Private (cardholders of Obsidian and Frosted Rose Gold/Icy White cards). In that case, you can earn an additional 2% interest on fixed-term deposits in your Crypto.com account.

Private jet membership

Obsidian cardholders can become qualified for a private jet membership. This benefits Obsidian cardholders for upgraded perks when they fly with Crypto.com ’s selected private jet partner.

Also Read: FTX and FTX.US Charges, ftx-vs-ftx-us Coins Supported Withdrawals and Deposits

What is the Crypto.com card Compare?

#1. vs. BitPay Card

BitPay charges for the issuance of their card, have higher fees and fewer features than Crypto.com cards. That is why Crypto.com Visa card is our choice between this too.

#2. 2. BlockFi Card

Both BlockFi and Crypto.com provide excellent and reliable cards. Because of the great benefits for high-tier cardholders, the Crypto.com Visa card is a better choice for them. But for most crypto users who do not have large amounts on their wallets BlockFi cards offer better benefits.

You can read a full evaluation of BlockFiCard by clicking here.

#3. vs. Coinbase Debit Card

Same thing as with a BlockFi card. For smaller amounts, the Coinbase debit card is definitely more beneficial, while for larger amounts of available crypto funds, the Crypto.com card is a better choice.

#4. vs. Gemini Credit Card

Definitely a Crypto.com card. Except it is only available for U.S. residents, the Gemini Card has only 3% cashback when spent on dining (just 1% on other things), more and higher fees.

You can read a complete analysis of the Gemini Card by clicking here.

Other prominent competitors include Crypterium, AdvCash card, Binance card, Blockcard, Wirex, Spectrocoin card, ClubSwan card, Nexo card.

Also Read: 5 Top Bitcoin Exchanges In the USA

Final Line

If you are searching for a place to store your digital assets and need easy access to spend that funds, then Crypto.com Rewards Visa Card is the right choice. Don’t forget that the Crypto.com Rewards Visa has to be topped up with cryptocurrency in the first place so you can use it and that you need a lot of CRO to access the high-tier benefits that these cards provide.

Also Read: How to Buy Rocket Bunny Crypto

FAQs

Is the Crypto.com card worth it❓It certainly is. With the benefits, Crypto.com card provides, ease of use app, and great design, this metal card is something that you must have.

Does Crypto.com have hidden fees❓

No. All fees and limits are clearly displayed on the Crypto.com website.

How can I obtain an Crypto.com Card?

Visit below to learn all you must know about crypto taxes and have your taxes completed in just a few seconds, absolutely free of charge.

Are Crypto.com Rewards Card Safe? Crypto.com Rewards Card Secure?

Of of course. As with their counterpart, the Crypto.com exchange, their cards are secure to use.

What fees does the Crypto.com Card Pay?

Nearly none. If you go over the monthly ATM limit for withdrawals, you will be charged 2% on subsequent withdrawals in that month.

How much is the conversion cost that is charged by Crypto.com

Crypto.com uses the maker-taker model. Maker’s fees vary between 0.04 percent to 0.40 percent and taker fees range between 0.10 percent and 0.40 percent.

What exactly is an ATM withdrawal charge?

According to the kind of card you own and the limitations on each month’s ATM withdrawal ($200-$1000) There is no fee to withdraw. When the ATM withdrawal exceeds the limit during the month of a particular kind of card then 2% of the amount will be charged for any subsequent withdrawals.

What happens if I lose my Crypto.com card gets lost or stolen?

Instantly freeze your credit card in immediately in Crypto.com App. Contact support through the app, the website live chat or email promptly.

Is Crypto.com Card free?

Yes. You can obtain you Crypto.com Visa Card totally free of cost.

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