Crypto com Card review earn up to 5% back in crypto

You’ll need to choose your preferred card tier, stake the required crypto, and provide your delivery address. As soon as you upgrade, your current Crypto.com card gets disabled so you can’t use it. The workaround for this is to use a Curve card and spend on another debit/credit card.

On the service side of things, Crypto.com keeps 100% of its user funds in offline cold storage. Crypto.com practices a “Defense in Depth” culture, which means that security processes are embedded into all aspects of its business. As a result, the platform is one of a few crypto platforms that have not been hacked yet. The Exchange can be connected to cryptocurrency exchange in the uk your Crypto.com App account, which makes it easy to transfer coins back and forth in case you need to make a deposit or withdrawal. The Exchange itself has a neat design, but it is oriented towards traders and may not be easy to navigate for complete beginners. As of 2021 February, you can place limit, market, and advanced stop-limit/stop-loss orders.

Benefits of Crypto Debit Cards

For example, if you stake $400 for the Ruby Steel card, your CRO remains on Crypto.com‘s platform — not on your Crypto.com card. But your free withdrawal limit, ranging from $200 to $1,000 a month, depends on which card you have. If you exceed your withdrawal limit, you’ll pay a fee equal to 2% of each withdrawal.

Crypto.com Price – Crypto.com’s price page provides an easy way for users to track on the latest token prices, market movement, market capitalization ranking, and token information. DeFi Swap – It is a fork of Uniswap V2 and allows users to swap and farm DeFi coins at the best available rate. They can also connect to and safely store their crypto in the Crypto.com DeFi Wallet. They mean that crypto startups don’t have the revenue to pay out rewards.

Upgrading Your Card

For this stake, however, they earn an impressive 5% cash back in crypto rewards. The Crypto.com card is a prepaid debit card and does not affect your credit score. Overall, I think the Crypto.com Card is worth getting if you’re looking for a way to earn cashback in the form of cryptocurrency , rebates, and other perks.

crypto.com card tiers

CRO rewards are earned on eligible purchases, and depending on which tier of card you hold, will earn a certain percent back. Following the transaction, CRO rewards are deposited to your account instantly. Until further notice, the $50 card reissuance fee will be waived for cardholders who upgrade to the next card tier by staking the requisite amount. Until further notice, the $50 card re-issuance fee will be waived for cardholders who upgrade to the next card tier by staking the requisite amount. Depending on your current Card tier, there is a maximum monthly cap on how much CRO Card rewards you can earn when you spend on your Crypto.com Visa Card. For example, if you own a Ruby Steel Card, your monthly CRO Card rewards will be capped at US$25.

Order a Crypto.com Card

By applying these proven methods, you can make the most out of your card. You can either top-up from your Crypto.com Wallet or a credit/debit card. If you’re looking to earn bitcoin volatility is common more passive income, remember that you need to upgrade to a Royal Indigo, Jade Green, Icy White or Frosted Rose Gold to get more interest payments for your staked CRO.

The Crypto.com Card is a unique option for cryptocurrency enthusiasts. It’s a prepaid debit card that lets you spend your crypto and earn up to 5% back in crypto rewards. Although this card has quite the list of features, most of those features also require a financial commitment. Discover exactly how it works and find out if you should apply in this Crypto.com Card review.

Does crypto have hidden fees?

There are no fees when making deposits, for instance, but there may be withdrawal fees. Trading fees are usually charged on all transactions until the fulfillment of the order, and fee discounts may be offered in the CRO rebate form. Crypto.com has a maker fee of 0.04-0.20%, and taker fees of 0.10-0.20%.

Without going into exact detail of the cooperation, we can mention here that the partnership made it possible for Booking.com to accept cryptocurrency payments as payment. This is another step forward for the society’s mass adoption of cryptocurrency. Furthermore, the partnership between Crypto.com VISA Card and Booking.com made it possible for Crypto.com VISA Card-holders to book hotel stays through Booking.com at up to 25% discount. Depending on the card’s tier, the cashback ranges between 1 to 8% per purchase. Crypto.com is a highly secure, legit, well-established, and trusted cryptocurrency exchange with millions of users worldwide. Except it is only available for U.S. residents, the Gemini Card has only 3% cashback when spent on dining (just 1% on other things), more and higher fees.

Crypto.com Makes Huge Negative Changes To Debit Cards

The offers that appear on this site are from companies from which Bankrate.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. dxfeed to launch chainlink node to bring financial Other factors, such as our own proprietary website rules and the likelihood of applicants’ credit approval also impact how and where products appear on this site. Bankrate.com does not include the entire universe of available financial or credit offers.

Crypto.com’s KYC process requires that you submit your full legal name, a picture of your government-issued ID, and a selfie. Since this is a prepaid card, Crypto.com doesn’t check your credit during the application process. For example, the Midnight Blue card has a maximum balance of $25,000. It also has purchase limits of $10,000 per day and $15,000 per month. You’ll find all the notable Crypto.com Card perks below, as well as the card tier you need for each benefit.

The prepaid debit card is available in the UK, the US, Canada, the EU, Australia, and Singapore. Use this table to compare crypto debit cards by fees and features to find one that meets your needs and spending habits. Given the reduced rewards, monthly reward caps on some card tiers, and high stake requirements for full card benefits, the Crypto.com Visa Card isn’t the best-in-class card it once was.

  • Crypto.com labels its Visa card as a prepaid card, meaning you’ll need to fund it before using it.
  • In 2020, the company launched its non-custodial DeFi Wallet and DeFi Swap services, and started delivering Crypto.com Visa cards to its European customers.
  • The Syndicate – Crypto.com Exchange traders can access The Syndicate and buy top cryptos like BTC, DOT, and ZIL at up to 50% off.
  • The Crypto.com coins can be traded on the Crypto.com platform for other digital coins or can be converted into US dollars or any other fiat currency for spending.
  • This includes a 1% fee for adding funds to your card with a debit card and a fee of 2.99% for adding funds with a credit card.

High-flying cryptocurrency enthusiasts looking strictly for a way to easily access their digital assets for spending could find the Crypto.com Rewards Visa to be a rewarding option. The card, depending on the tier, is full of benefits and value, although sometimes at a very high staking requirement. This may or may not make the card worth it to you—due to the opportunity costs of keeping your crypto money tied up in the program. It’s important to note that to receive the best rewards, you’ll need to stake Crypto.com’s native cryptocurrency, CRO token. While there’s a free option, you won’t receive as much cash back or get rebates on certain products.

Additional 2% p.a. interest on fixed-term deposits (paid in CRO) . Not applicable for CRO deposits.

Free ATM withdrawals are allowed when retrieving funds from MoneyPass ATMs. As of August 2022, the market value for CRO rewards is in the $0.13 to $0.14 range. If you are considering cashing out your CRO rewards for fiat currency, you’ll want to keep this value in mind.

  • As of 2021 February, you can place limit, market, and advanced stop-limit/stop-loss orders.
  • But unstaking means you no longer have an active stake, which reduces your rewards rate and benefits.
  • Those funds are turned into crypto assets that then become spendable currency using your Crypto.com Rewards Visa Card.
  • However, you will still have access to the airport lounge for all tiers except the Ruby Steel and Midnight Blue.
  • But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation.
  • Crypto.com announced Sunday that its Crypto.com Visa debit cards will soon be less enticing.

Each card level is dependent on how much you stake—the more you stake, the more benefits and perks you can unlock. The highest card, Obsidian, for example, offers up to 5% CRO back on most purchases. In 2 years 5 months, you reach breakeven and your Spotify subscription pays for itself. That’s excluding the 2% cash back you’ll earn from your spending. Each card tier they offer has a staking period of 180 days before they will send you the card. Crypto.com currency list includes cryptocurrencies and fiat currencies.

Does Crypto COM report to IRS?

Yes, Crypto.com does report crypto activity to the IRS. As mentioned above, US users who earn $600 or more in rewards from Crypto.com from Staking, Earn, Referrals, or certain other activities will receive a 1099-MISC tax form and the same form will be sent to the IRS.

Check out Bitsgap, leading crypto arbitrage bot to learn the best way of doing it. Click here to find out everything you need to know about paying crypto taxes and get your taxes done in seconds, completely free. Go to “Activate My Card.” Enter the CVV number located on the back of the card you received. Crypto.com cards are currently available in the United States, Europe, United Kingdom, Canada, and Singapore.

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