Cryptocurrencies: everything you need to know before opening an account
January 08, 2025
Imagine you can pay with Bitcoin or Ethereum in a supermarket as easily as using a regular bank card.
Crypto cards make this possible by turning digital assets into a convenient and versatile payment tool. They break down barriers between cryptocurrencies and traditional finance, opening new horizons for travelers, investors, and modern technology enthusiasts.
In this article, we will explore how crypto cards are changing the financial world and the benefits and functionality they offer to users.
What is a crypto card?
It is a financial tool that allows the use of decentralized funds to pay for goods and services. Essentially, it is analogous to a regular debit or credit card. However, it works through an intermediary that ensures the conversion of cryptocurrency into fiat money during transactions.
Cards can be physical or virtual and often support popular payment systems like Visa, Mastercard, etc.
Types of crypto cards
There are several types of crypto cards based on their characteristics and usage methods: debit, credit, virtual, and prepaid.
Benefits and Advantages
- Ease of use. Crypto cards allow you to make purchases without manually converting cryptocurrency.
- Instant conversion. Thanks to the automatic exchange process, users face no challenges in using digital assets.
- Access to global financial opportunities. Crypto cards work in many countries, making them convenient for travelers.
- Bonus programs. Many crypto card providers offer cashback in cryptocurrency, discounts, or other loyalty programs.
- No intermediaries. In most cases, crypto cards allow you to avoid bank fees or restrictions on account funding.
Drawbacks
- Fees. Fees may be charged for conversion, cash withdrawal, or other operations in some cases.
- Rate dependency. Due to cryptocurrency volatility, transaction costs may fluctuate.
- Limited acceptance. Not all merchants accept payments via crypto cards.
- Regulatory risks. In some countries, the use of crypto cards may be restricted or prohibited.
- Security. In case of card loss or account access issues, there is a risk of losing funds.
How does it work?
First, the user tops up a crypto wallet linked to the card, choosing the necessary and supported asset. During payment, the system automatically converts cryptocurrency into fiat currency at the current rate. As a result, the store or service receives payment in the usual currency, just like when using a standard bank card.
Use cases for crypto cards
From supermarkets to online stores, a crypto card allows payments anywhere cards are accepted. Additionally, many support cash withdrawals at ATMs.
Using a crypto card eliminates the need for currency exchange while traveling. Moreover, some cards allow earning interest on decentralized fund balances.
What to consider when choosing a crypto card?
Fees
Be sure to review conversion terms, cash withdrawal conditions, and other fees.
Supported assets
Some cards support only a limited number of cryptocurrencies.
Bonus programs
Cashback or other loyalty perks can significantly influence your choice.
Limits
Check the details about top-up, withdrawal, and transaction limits.
Jurisdiction
Before opening an account, ensure the card is supported in the country you need.
Crypto cards available in Ukraine
Trustee Plus
-Unlimited top-up limit
-Withdrawal limit — 2,000 EUR/day, 20,000 EUR/month
-Withdrawal fee — 1.5% + 1 EUR
-Supported currencies — EUR, USDT, BTC, ETH
Weld Card
-No top-up limit
-Withdrawal limit — 540.00 USD/day
-Withdrawal fee — 1.5% of the transaction amount + 5 UAH
-Supported currencies — UAH, USDT, BTC, ETH
WhiteEX Card
-Unlimited top-up limit
-Withdrawal limit — 2,000 USD/day
-Supported currencies — EUR, USD, GEL
Binance Card
-Top-up limit — 5,000 USD/card, 15,000 USD/month
-Withdrawal limit — 2,000 USD/day
-Withdrawal fee — 1.5% + 1 USD
-Supported currencies — USD, EUR, BTC, ETH, BNB, USDT
-Cashback — up to 8%
Bybit Card
-Unlimited top-up limit
-Withdrawal limit — 2,000 EUR/day, 20,000 EUR/month
-Withdrawal fee — 1.5% + 1 EUR
-Supported currencies — EUR, GBP, BTC, ETH, USDT
-Cashback — 3-6%, paid in BTC
Wirex Card
-Top-up limit — 30,000 EUR/day
-Withdrawal limit — 500 EUR/day, 5,000 EUR/month
-Withdrawal fee — >200 EUR/month — 2% fee
-Supported currencies — EUR, USD, GBP, BTC, ETH, USDT
-Cashback — 0.5-2%, paid in WXT
Nexo Card
-Unlimited top-up limit
-Withdrawal limit — 2,000 EUR/day, 10,000 EUR/month
-Withdrawal fee:
Platinum: up to 2,000 EUR free per month, then 2% fee
Gold: up to 1,000 EUR free per month, then 2% fee
Silver: up to 400 EUR free per month, then 2% fee
Base: up to 200 EUR free per month, then 2% fee
-Supported currencies — EUR, GBP, BTC, ETH, USDT
-Cashback — Up to 2% in NEXO/0.5% in BTC
NenoBank
-Unlimited top-up limit
-No withdrawal limit or fee
-Supported currencies — EUR, GBP, BTC, ETH, USDT
-Cashback — up to 10%
You can find more information about these tools on the Crypto Cards page.
In Ukraine, crypto cards are gradually becoming more popular and can be used in various areas — paying in supermarkets, shops, restaurants, and even some gas station chains.
However, not all merchants in Ukraine are yet adapted to new financial technologies. You can read more about this in the article "Paying with Crypto Cards in Ukraine".
Conclusion
Crypto cards are a convenient and innovative tool that integrates blockchain funds into daily financial life. They open new opportunities for users, providing flexibility, convenience, and benefits.
However, before choosing a card, it is necessary to carefully review the terms of its use to maximize its advantages. Evaluate your needs, compare the offers of different providers, and choose the card that best suits your financial goals.
You can find additional information about other topics in our blog because Kursoff is always ready to answer common questions.