Ease of Use
The Crypto.com Visa Card is one of the best crypto debit cards around. It gives you up to 8% cashback, loads of other benefits, and is available in the UK, US, CA, EU, and Singapore.
But Crypto.com is also a decent place to buy Bitcoin (BTC) and an ever-growing number of other cryptocurrencies. While you won’t be charged any explicit fees, I’ve found that the prices you’re quoted when buying cryptocurrencies are more than 1% higher than the real exchange rate.
Download the app and register now to check it out for yourself.
Crypto.com is a cryptocurrency platform that offers a lot. It allows you to store, transfer, and exchange between 170+ cryptocurrencies (e.g. Bitcoin) and your local currency (e.g. GBP, EUR, USD, & 20 other fiat currencies).
With the Crypto.com Visa Card, you can also spend your cryptocurrency anywhere that Visa is normally accepted around the world (and get up to 8% back).
Is this the best bitcoin debit card in the UK, the EU, and the US? Check out this Crypto.com review to find out more.
Advantages & Disadvantages
- Quick verification (< 5mins).
- 24/7 customer support.
- Available in the UK, Europe, the United States, Canada, and Singapore.
- Buy and sell 170+ cryptocurrencies (including Bitcoin (BTC), Ethereum (ETH), and many ERC-20 tokens).
- FREE to open a Crypto.com account.
- Crypto.com Visa Card has no monthly maintenance fee.
- Up to 8% cashback whenever you use your Crypto.com Visa Card. You can also get other benefits (like 100% cashback on Spotify, Netflix, and Amazon Prime).
- Contactless Visa Debit cards (issued and delivered for FREE).
- Get up to 10% cashback when you purchase gift cards for popular brands with your cryptocurrency balance (30+ countries).
- 2.4-star Trustpilot rating (2000+ reviews).
- You need to stake a lot of CRO to unlock the highest rebates.
- Users report that the Crypto.com Visa Card isn’t being issued for months after ordering.
- Crypto Earn offers lower interest rates if you don’t lock-up your cryptocurrency deposit for 3 months.
What Is Crypto.com?
Crypto.com was founded in June 2016 by Kris Marszalek (CEO), Rafael Melo (CFO), Gary Or (CTO), and Bobby Bao (Head of Corporate Development). In June 2017, they raised $26.7 million from their Monaco (MCO) initial coin offering. They’re headquartered in Hong Kong and currently have a team of more than 900 people worldwide.
Crypto.com was previously known as Monaco (MCO) – but rebranded in July 2018 after the (expensive) acquisition of the Crypto.com domain.
They recently announced that they have 10 million users around the world, after hitting 5 million just 4 months before.
Crypto.com is best known for its Visa Card, but they have a range of product offerings:
- Crypto.com Visa Card: Convert your cryptocurrency and spend it anywhere that Visa is accepted.
- Crypto.com App: Buy and sell an ever-growing number of cryptocurrencies. You can use the app to receive, store, and send cryptocurrency too.
- Crypto Pay: Buy gift cards for many popular brands and top-up your phone with cryptocurrencies. This also allows you to pay any merchants that are using ‘Crypto Pay Checkout’ with Bitcoin (BTC) and other popular cryptocurrencies.
- Crypto Earn: Earn up to 12.5% interest on your cryptocurrency deposits.
- Crypto Credit: Deposit cryptocurrency and get credit to spend on your Crypto.com Visa Card.
- Crypto.com Exchange: Trade popular cryptocurrencies on your desktop with low trading fees (up to 0.16%).
- Crypto.com DeFi Wallet: Store cryptocurrencies in a user-custodial wallet (i.e. you control the private keys). Can be connected with ‘DeFi Swap’, where you can swap between tokens and earn interest on your cryptocurrencies.
Crypto.com Visa Card
The Crypto.com Visa Card allows you to spend your cryptocurrency in-store and online. It’s accepted anywhere that Visa is normally accepted – which is more than 54 million outlets and ATMs around the world.
There are a range of different Crypto.com Visa Cards to choose between. To unlock the highest cashback and get access to other benefits, you’ll need to stake CRO in the Crypto.com app. The more CRO that you lock-up, the better tier of card you’ll be able to order.
The Crypto.com Visa Cards that offer the highest cashback is unrealistic for most people. At the time of writing, you’ll have to lock-up $400,000 worth of Crypto.com Coin (CRO) in the Crypto.com app to get the Obsidian Black version.
However, the versions that require a lower CRO stake still provide you with competitive cashback on all your spending. If you’re happy to stake the equivalent of $400, then you’ll be able to get the Ruby Steel version – which provides 2% cashback and a 100% rebate on Spotify.
And if you don’t want to stake anything?
You can order the Midnight Blue version and get 1% cashback on all your spending (which is still good).
After 6 months, you can withdraw the CRO that you staked. It’s not lost forever. But if you do stop staking it, you’ll get a lower cashback rate and lose access to some of your card benefits.
Who Can Get the Crypto.com Visa Card?
The Crypto.com Visa Card is currently being shipped in:
- United Kingdom
- United States
To be notified when they’re shipping in your country, download the Crypto.com app and get registered. Then just go to the ‘Card’ section and register your interest.
Excluding the staking requirements, it’s FREE to get your Crypto.com Visa Card issued and delivered. It’s also FREE to load money onto your Crypto.com Visa Card.
You will be quoted prices that are below the real exchange rate if you top-up your Crypto.com Visa Card with a cryptocurrency.
For instance, I was quoted an exchange rate that was about 2.2% lower than the real exchange rate when I recently topped up my Crypto.com Visa Card with Litecoin (LTC). This is a substantial difference.
This sucks, but you can avoid these charges by directly topping up your Crypto.com Visa Card with a debit card instead.
There are no domestic transaction fees. You’ll also get the interbank exchange rate if buy something using your Crypto.com Visa Card in another currency. There’s a monthly limit on this, but there’s only a 0.5% fee if you go over it (which is competitive).
There’s no monthly management fee, but you will be charged £5.00, €5.00, or $4.95 if you don’t use your card at least once over a 12-month period.
These are the main Crypto.com Visa Card limits that I picked out:
|Limit||GBP Card||EUR Card||USD Card|
|Maximum Card Balance||£22,000||€25,000||$25,000|
|Topup Limit (Daily)||£22,000||€25,000||$10,000|
|Topup Limit (Weekly)||£22,000||€25,000||$25,000|
|Topup Limit (Yearly)||£220,000||€250,000||-|
|ATM Withdrawal Limit (Daily)||£1,800||€2,000||$500 *|
|ATM Withdrawal Limit (Weekly)||£9,000||€10,000||$5000 *|
|ATM Withdrawal Limit (Yearly)||£66,000||€75,000||-|
|ATM Withdrawal Frequency (Daily)||3||3||3|
|ATM Withdrawal Frequency (Monthly)||30||30||30|
|ATM Withdrawal Frequency (Yearly)||360||360||-|
Note: Entries marked with an asterisk shows limits for the Midnight Blue Crypto.com Card but have higher limits for other card types.
The FREE ATM withdrawal limit (monthly) is tied to what type of card you have. There’s a fee of 2% after your free limit.
These are the free ATM limits for each card type:
|Card Type||GBP Card||EUR Card||USD Card|
With the Crypto.com app, you can buy, sell, store, and transfer 170+ cryptocurrencies on Crypto.com. This includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and many other popular cryptocurrencies.
You can buy these cryptocurrencies with a local currency like GBP, EUR, or USD. However, you can also exchange between all these cryptocurrencies too. In either case, Crypto.com have been made it simple, easy, and quick to do.
Crypto.com advertises that you can buy Bitcoin (BTC) and other cryptocurrencies at “true cost” without paying any fees. However, I’ve recently found that the prices you’re quoted are NOT the real exchange rate (i.e., similar to what you’d find on a cryptocurrency exchange like Coinbase Pro or Binance).
I’ve been quoted prices for Bitcoin (BTC) and Ethereum (ETH) which were more than 1% above the real exchange rate on multiple occasions. This wasn’t previously the case, but something seems to have changed behind the scenes. In any case, it makes it a less competitive place to buy and sell cryptocurrencies than it was before.
You can also use the Crypto.com app to track the performance of hundreds of cryptocurrencies. This allows you to look at previous price movements (in BTC or fiat currency) and also setup alerts.
Crypto.com currently supports more than 170 cryptocurrencies via the Crypto.com app.
They’re adding more and more every month. For example, they added 15 new cryptocurrencies in September 2021.
Toggle the section below for the full list of supported cryptocurrencies (it’s quite a long list).
Supported Traditional (Fiat) Currencies
When I setup my Crypto.com account, I was able to choose between these payment currencies:
- United States Dollar (USD)
- British Pound (GBP)
- Euro (EUR)
- Singapore Dollar (SGD)
- Canadian Dollar (CAD)
- Australian Dollar (AUD)
- New Zealand Dollar (NZD)
- Hong Kong Dollar (HKD)
- New Taiwan Dollar (TWD)
- Norwegian Krone (NOK)
- Swedish Krona (SEK)
- Danish Krone (DKK)
- Swiss Franc (CHF)
- Polish Zloty (PLN)
- South African Rand (ZAR)
- Kenyan Shilling (KES)
- Russian Ruble (RUB)
- Bulgarian Lev (BGN)
- Romanian Leu (RON)
- Israeli New Shekel (ILS)
- Saudi Riyal (SAR)
- United Arab Emirates Dirham (AED)
- Hungarian Forint (HUF)
- Czech Koruna (CZK)
- Brazilian Real (BRL)
- Turkish Lira (TRY)
However, I found that I was only able to deposit GBP and EUR into my Crypto.com account after I had verified my identity.
In the UK, Crypto.com supports the following payment methods:
- UK bank transfer
- Debit card
- Credit card
UK bank transfers are executed via the Faster Payments Service (FPS), which means they’ll be processed quickly (typically within a few hours).
You can also withdraw GBP from Crypto.com with a UK bank transfer. When I tested this out, it wasn’t quick – it took a few days to be processed and land in my bank account.
Debit or credit card purchases are instant, but you can’t use them to buy as much cryptocurrency as a UK bank transfer. If you don’t have any CRO staked, then you can only use a debit or credit card to buy about £6000 of cryptocurrency per week.
When you get the Crypto.com app, you can also access ‘Crypto Pay’. This enables you to buy gift cards with selected cryptocurrencies for lots of popular brands in more than 30 countries. This includes the UK, EU, and the US.
You’ll get up to 10% cashback (paid in CRO) when you buy these gift cards with CRO. In the UK, this includes popular supermarkets like Tesco, Asda, and Sainsbury’s. This is an awesome little benefit that slowly adds up.
You can also top-up a PAYG mobile phones with cryptocurrency – and get cashback on that too!
On top of this, you can use Crypto Pay to pay any merchant which is using Crypto Pay Checkout with more than 15 cryptocurrencies (including Bitcoin, Ethereum, and USDC).
Crypto Earn lets you put your money to work.
With this, you can earn up to 12.5% interest per year depending on what cryptocurrency you’re investing in, how long you’re locking it up for, and how many CRO tokens you have staked.
In reality, I found that I was quoted lower interest rates inside the Crypto.com app because I didn’t have enough CRO staked. This meant I was only offered 4.5% interest for depositing Bitcoin (BTC) and locking it up for 3 months.
In comparison, BlockFi is offering around the same amount of interest on Bitcoin (BTC) balances – but with flexible access to your coins as required. Check out my full BlockFi review if you want to learn more about BlockFi’s complete offering.
With Crypto Credit, you can get instant loans by using your cryptocurrency holdings as collateral.
The loan-to-value (LTV) ratio is 50%. This means that you’d get £500 credit if you deposit £1000 worth of Bitcoin (BTC) or one of the other supported cryptocurrencies.
You’ll be charged 12% APR if you only have a Ruby Steel or Midnight Blue card on Crypto.com. This drops to 8% APR if you stake more CRO and unlock higher tier Crypto.com Visa Cards.
For comparison, BlockFi offers cryptocurrency-backed loans with about the same APR at 50% LTV. However, you can get lower APR rates with BlockFi if you select a lower LTV rate (which isn’t possible with Crypto Credit).
The beta version of the Crypto.com Exchange was launched in November 2019. If you’re already a Crypto.com app user, then you can sign up in just a few clicks.
This allows you to trade popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Unfortunately, trading fees have recently jumped up. If you don’t stake anything and do a small amount of trading, you’ll pay 0.40% in trading fees (makers and takers).
If you signup on the Crypto.com Exchange now, you’ll get a 2% deposit bonus on all cryptocurrency deposits for the first 30 days.
Check how it compares to the competition in my roundup of the best cryptocurrency exchanges.
If you lock-up 5000 CRO on the Crypto.com Exchange, you’ll also get access to ‘The Syndicate’. This allows you to buy cryptocurrencies that are about to be added to the exchange at a discount.
In some cases, you’ll be able to buy cryptocurrencies at a 50% discount.
Understandably, this seems quite popular.
Because of this, you’ll now also need to have a trading volume of at least $5000 over the last 30 days on the Crypto.com Exchange to participate. For more details, head over here.
We’re introducing trading minimums for The Syndicate — a good reason to move most of your trades to https://t.co/pFc4PzqqHR Exchange, as it will give you access to these events.
It is also likely to reduce the ‘heavily oversubscribed event’ issue. https://t.co/lI99cP40Qx
— Kris | Crypto.com (@Kris_HK) August 5, 2020
With Crypto.com Exchange, you’ll also get a small amount of interest (up to 4%) on cryptocurrency balances in your exchange wallet.
There’s no lock-up period required to get this. Just enable the option in your settings and you’ll get rewarded interest on a daily basis. As long as you meet the minimum amounts, you’ll then get this bonus.
Find out more here.
There’s not an alternative that’s offering everything that Crypto.com is under one roof.
However, one alternative that’s worth mentioning is Wirex.
- It fully supports 37 countries, which includes the UK, Europe, and Singapore.
- Receive, store, and send popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
- Buy and sell supported cryptocurrencies quickly and easily without paying high fees.
- Your crypto-friendly currency account is connected to the Wirex Card, which rewards you with up to 2% cashback and can be used anywhere that Mastercard is accepted.
Check out my Wirex review to learn more.
And if you’re looking to earn interest on cryptocurrency deposits, then BlockFi is worth checking out.
In short, you can earn up to 8.5% interest on your deposits.
Summary: Impressive Crypto Platform
Crypto.com just keeps getting more awesome.
It’s building a platform that provides you with access to more than just another crypto debit card. It’s becoming a one-stop-shop for all things cryptocurrency.
Here’s what I particularly liked about it:
- You can easily and quickly buy Bitcoin (BTC) and 170+ other cryptocurrencies.
- The Crypto.com Visa Card provides competitive cashback. If you stake about £300 in CRO, you can get 2% cashback on all spending and a 100% rebate on your Spotify subscription.
- Get up to 10% cashback on gift cards for popular brands. This includes supermarkets, coffee shops, and fast food delivery in the UK.
Want to give it a shot?
Thanks for reading this Crypto.com review!
Have a question about Crypto.com or the Crypto.com Visa Card that I haven’t covered?
Just comment below and let me know!