Spending your Bitcoin or Ethereum is quite a novelty in the real world — few stores and websites accept digital currencies at the moment, and for good reason. Retailers are scared about exchange rates, find blockchain technology too difficult to understand, or think cryptocurrencies are highly volatile assets. Thankfully, new products are popping up to solve all these problems — crypto debit cards.
A crypto debit card lets you spend your digital assets at locations where debit cards are accepted. Every time you use the crypto card, money is deducted from your wallet balance and converted into the merchant’s currency.
Benefits of Crypto Debit Cards
Switch Between Currencies
Most crypto debit cards let you access both digital currencies and fiat currencies with ease. You don’t have to switch between cards to make payments in different local currencies. This is a great draw if you’re a globe-trotter who doesn’t want to exchange currency each time you need to pay for something.
Cut the Card Costs
Crypto debit cards eliminate some of the unpleasant fees associated with bank-issued debit cards. Most promise zero foreign exchange fees, zero transaction fees, and zero monthly maintenance fees. Other crypto cards will waive the monthly fee if you maintain a specific account balance.
Most crypto debit cards incorporate advanced security measures to protect your digital assets and transactions. Most cards have 2-factor authentication, 256-bit encryption, and round-the-clock fraud monitoring. Temporarily freeze or unfreeze your debit card if you detect an unrecognized transaction.
Here are the best ethereum debit cards you should use in 2021.
Tenx Debit Card
TenX is one of the most sought-after Ethereum Debit Card because it is versatile and offers users multiple benefits. It does not charge any transaction fees, which is one excellent attraction to many users. As a user, you will earn 0.01% in cashback, and this platform offers you a reward system.
1.It is a highly demanded debit card with a high success rate in the cryptocurrency market. 2.The TENX ICO has been sold out in a quick manner. 3.Its application is being available widely in the crypto market so that the users can buy and use it. 4.An attractive and appreciative feature of tenx is that it does not charge any fees for making transactions. 5.For each and every purchase of tenx tokens, this platform offers cashback of around 0.01% to its cardholders (users).
Token Debit Card
Compared to other debit cards, which are multi-level designed, Token cards operate off a blockchain technology, which moves without interruption for multiple currency management. Its app features are among its main strengths. It allows the user to switch between Fiat currencies and therefore is ideal for receiving international payments as well.
Features of Token card
1.It supports all kinds of tokens including the ERC 20 tokens. 2.It pools out a particular amount of cash upon every purchase made across this platform. This is usually referred to as ‘Cash and burn’ policy.
Wirex Debit Card
Wirex is a well-known and the trusted cryptocurrency debit card. Wirex card is available in Virtual and Physical form. These cards are powered by the Wirex crypto wallet that means each card is linked with the wallet. Currently, Wirex supporting more than 50 crypto coins including Ethereum. This card is accepted all over the world.
1.Supporting more than 150 currencies and accepted at over 61 million locations. 2.Free fiat-to-fiat exchange and zero card or account fees. 3.Wirex card lets you save money with free ATM withdrawals worldwide.
Bitwala Debit Card
The Bitwala Visa is a promising new Ethereum Debit Card powered by the Bitwala platform. It is based in Berlin and was launched in 2012. BitWala Visa boasts of over 15,000 regular users, spread across 120 countries. It offers fast international bank transfers, which makes it convenient to use for international traders and freelancers.
1.You can easily trade your coins into euros and have funds ready in your wallet and on your card. 2.The Bitwala debit card also comes with a 3D secure feature. 3.A private code that provides an extra layer of security when making an online purchase.