How to choose a crypto card?
Digital assets have become part of everyday life for many people. To make them easier to use, cryptocurrency cards have appeared. They can be used to pay in the same way as a regular bank card. Let's figure out how to choose a crypto card and where to make the exchange most profitably.
What is a crypto card
To get cryptocurrency, you need to exchange fiat money for digital ones. The Mason-ex service is suitable for this. The platform has a user-friendly interface, a large selection of assets and excellent data protection.
A crypto card is an analogue of a bank card, but all transactions are carried out with digital assets, not in fiat. A crypto wallet is linked to it and tokens are withdrawn from it when paying. But fiat is transferred to the seller, since digital assets are automatically converted. This payment method is convenient because the user can pay for purchases anywhere and does not need to transfer crypto to the exchange to exchange it for cash.
Today, MasterCard and Visa also offer their own versions of crypto cards.
Selection criteria
Before you apply for a crypto card, you should determine your needs and goals. There are several key factors:
The main criterion is the level of security of the crypto card. Pay attention to what security measures the developer provides, for example, two-factor authentication, biometric verification, etc.
Ease of use - choose a card with convenient functions. It is important that you can easily manage your funds and carry out transactions with cryptocurrency.
Reliability - study the ratings and reviews. Pay attention to the reputation of the developer company and their experience in the cryptocurrency market.
Availability of digital assets: make sure that the card you choose supports the cryptocurrencies you need.
Cost and fees - find out the cost of using the card, what fees are charged for transfers and transactions.
But these are not all the factors you should pay attention to.
Types of cards
Which crypto card to choose depends on your needs. There are 3 types:
Debit
Credit
Prepaid.
Debit - this is the one that works in the same way as a regular bank card. It is linked to a wallet from which tokens are automatically debited for payment for goods and services. Debit cards are now issued by many exchange services.
A credit card is essentially the same as a regular bank credit card with bonuses. The provider sets a certain limit and the holder spends funds within it. Refunds are made in fiat. The deposit is tokens in a crypto wallet, which is linked to the card. But bonuses in cryptocurrency are interesting, since they are awarded for purchases. They even bring profit, since they can increase in value due to changes in the exchange rate. Credit crypto cards are the most popular type of product.
Prepaid - a crypto wallet is not linked to it. Tokens must be deposited into its balance. But there is a significant minus - transaction limits. And the plus in this case is minimum personal data.
Where to use them
The number of crypto card owners is growing every year. In the US, more than 15 million people are already actively using them. This is convenient for those who receive a salary in crypto, mine or trade. No need to exchange tokens, pay additional fees, wait for withdrawal - if you have a card, then the payment is made from it here and now.
With the help of a crypto card, you can minimize monetary losses. You pay with fiat funds secured by crypto. And you can replenish the balance after the token value has stabilized. Sometimes such products have cashback.
Paying with cryptocurrencies in stores is already a reality. Even giants like Visa are already offering their own card options.
How the payment is made
If you are new to this area, then you are probably interested in - How does a card with crypto pay? Everything is simple and clear here:
You need to carry out an operation - as an option, pay for a purchase in a store.
The provider itself will exchange digital assets for fiat.
The operation will be processed in the same way as a regular transaction.
The payment process takes only a few seconds.
Choosing a card - which ones are popular
Let's consider the rating of the most popular cards:
Binance Card - this is a debit type based on Visa. It is connected to Pay payment services. It can be used for 15 types of coins. If you pay with BNB, there will be a cashback of up to 8%.
Bybit Card - works on the basis of Mastercard. Supports 5 types of digital assets and 2 fiat assets - GBP and EUR. There is a VIP tariff with bonuses. A 0.5% commission is charged for exchanging coins.
Coinbase Card - is based on the Visa payment system. You can get a loan using tokens as collateral. Bonuses are provided, and the issue is free.
In fact, there are many more crypto cards than you can imagine. If you want to get one, study all the rules and nuances.
Conclusion
Crypto cards are great for those who use digital assets on a daily basis. This way you can save time and money. Sometimes providers charge a large commission, so it is worth carefully studying all the documents.
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