The Five Best Crypto Payment Cards for 2020 | Crypto Briefing

Crypto-powered payment cards give you a way to spend your Bitcoin and other crypto holdings while earning rewards. Here is our assessment of the top five.

Prepaid crypto cards are a valuable tool for the crypto enthusiast. Right now, most merchants and retailers do not accept cryptocurrency directly. Instead, these cards convert your cryptocurrency into an acceptable fiat currency as needed, which means that they are accepted by virtually all merchants and stores.

1. MCO Visa Card (Crypto.com)

The MCO Visa card is a payment card offered by Crypto.com, a Hong Kong-based crypto company founded in 2016. It offers some of the best cashback rewards of any of the cards listed, and the card is offered by a crypto-focused company.

Funding: To load the card, you can deposit cash through Crypto.com’s mobile app. You will need to deposit fiat (EUR, AUD, HKD, JPY, or GBP) via a bank transfer, credit card, or debit card payment.

You can also use cryptocurrency by trading them into fiat on Crypto.com’s mobile app. This feature supports Bitcoin, Ethereum, XRP, Litecoin, and most actively traded cryptocurrencies.

Fees: The MCO Visa Card has no issuance fee or monthly fee. There are fees and limits for ATM withdrawals, interbank exchange rates, and top ups, which are displayed in your account settings.

Rewards: You’ll earn MCO tokens as a reward on each purchase that you make. Exact rewards depend on how much MCO you’ve staked: with a free card you’ll receive 1% of your purchase value back, but with high-tier cards you can earn back as much as 5%. Other rewards include free subscriptions to Spotify, Netflix, and Amazon Prime.

Availability: Singapore, the U.S., and Europe.

Backed by: Visa.

2. Wirex

This card is offered by Wirex, a UK-based crypto payments company that has been in operation since 2014.

Funding: You can top up your Wirex card from a web interface or mobile app. You can deposit fiat (GBP, EUR, or USD) via SWIFT, Faster Payments, SEPA, card payments, or bank transfer.

You can also convert your cryptocurrency to a Wirex balance. Supported coins include Bitcoin, Litecoin, XRP, Waves, Dai, Nano, Stellar Lumens, and Wirex’s WXT token.

Fees: The Wirex card has no issuance fee, but it has a $1.50 monthly fee. You can spend up to $10,000 per day and make ATM withdrawals up to $250 per day. Other fees for currency exchange and bank transfers may apply; those fees can be seen on this page.

Rewards: Much like Crypto.com, Wirex offers rewards on each purchase. You will earn 0.5% back with a basic…