What are Bitcoin encrypted credit cards and debit cards? How to select the correct encrypted credit card and debit card?

Nov 25,2022
What are Bitcoin encrypted credit cards and debit cards? How to select the correct encrypted credit card and debit card?

What are Bitcoin encrypted credit cards and debit cards? How to select the correct encrypted credit card and debit card? Bitcoin is an electronic currency generated by open source P2P software. Digital currency is a network virtual asset. Bitcoin is also interpreted as "Bitgold". After understanding Bitcoin, do you know what Bitcoin encrypted credit cards and debit cards are? Now let's get to know.  

What are Bitcoin credit cards and debit cards?

Bitcoin and cryptocurrency are steadily entering the retail payment industry and becoming an almost instant and unchangeable payment type.

There are more and more developments every day, allowing cryptocurrencies and bitcoins to be accepted in local retailers, online, etc. in a convenient way; Now, what if you could put Bitcoin or cryptocurrency on your debit card/credit card and use it as normal as other credit cards or debit cards?

Well, you can, and maybe today. Let's review the two Bitcoin/Cryptocurrency cards, because they are very different from each other: debit cards and credit cards.

How does Bitcoin or encrypted debit cards work?

Just like an ordinary debit card, you will get a physical card with a unique code, identification number and expiry date, which can be used to directly link to any convenient bank account you may have.

When you have a traditional debit card in the bank, the debit card is directly connected to your bank account; In other words, whenever you use a debit card, the money will be directly deducted from your bank account, or in other words, the money you actually have will be deducted from your account.

Bitcoin/cryptocurrency debit cards have almost the same functionality, except for the designated party rather than the central bank. With these types of debit cards, you can create an account with your card provider and log in to your main financing platform. Then, you select the cryptocurrency you want to deposit, mostly Bitcoin, and order a debit card.

Once the debit card arrives, you can use it at any supported outlet (traditionally all VISA operators). Each time you use a credit card, the legal value will be deducted from your account and cleared at the time of purchase. This is a convenient way for you to use cryptocurrency in any region supported by VISA.

How does encrypted credit cards work?

To understand encrypted credit cards, you must first understand the general situation of credit cards. Credit card is a payment method that the bank gives you. The bank will check your credit history to see how reliable you are in repaying funds, and decide whether to lend you a credit line. This is a sum of money they will lend you. You can pay with a representative card and you can repay it later.

In exchange for lending money to you, the bank also generates a so-called interest rate, which is a fee added to your credit balance. The bottom line is that credit cards are essentially money lent to you by the bank, and you promise to repay - how you repay depends on the minimum repayment amount, interest rate, etc.

Today, cryptocurrency and bitcoin credit cards are quite similar to traditional credit cards. They are still essentially money lent to you, but in different ways.

As far as cryptocurrency or Bitcoin credit card is concerned, you will get credit in the form of fixed value according to how much cryptocurrency you take out as "collateral". For more information, see our Bitcoin Loan Guide, which provides an overview of the loan process.

Advantages of Bitcoin Credit Card

Bitcoin credit cards have several positive factors, which are very useful for many types of users. First: Bitcoin credit cards allow you to obtain loans without any minimum monthly payments, large annual interest rates or similar fees. Bitcoin and cryptocurrency credit cards can be used as additional hedges for cryptocurrency investments. Although most credit cards require credit scoring and credit checking, Bitcoin credit cards do not.

The future of Bitcoin and encrypted debit and credit cards

Although we are not sure that cryptocurrency will be actively used by every consumer in the next few years, there are signs that these debit cards and credit cards are easier to use in our daily life.

How to select the correct encrypted credit card and debit card?

Choosing the best encrypted credit and debit cards is not always as easy as it seems. However, it is important to choose the correct encryption card according to your needs.

When deciding which debit and credit cards to use, you should consider the following points.

Cost structure

The first step is to figure out how much monthly or annual fee you need to pay. In addition, you will need to study the conversion fee and you will be charged if you are always on the move. Some crypto card issuers like Nexo do not charge any monthly or annual fees, but they charge 1.49% for European Union (EU) countries and 3.49% for non EU countries. On the other hand, Crypto.com and maintenance costs are low, Bitcoin base charges are moderate, and Bitcoin payment costs are high.

Reward structure

Many crypto debit/credit card issuers offer incentives and other incentives to attract customers to choose their cards over those of competitors. Although this is good, you must make sure it is suitable for your lifestyle and will not pay more than you usually do. Bitcoin base does not provide any rewards; Nexo provides 2% rebate for all purchases; Crypto. Com provides 8% discount for obsidian cardholders, including 100% free Spotify and Netflix, while supported provides 2% encryption and 1% cash back.


Although some debit/credit cards offer free withdrawals, some charge a small fee in the withdrawal process. Crypto.com provides free ATM withdrawal every month, while Nexo does not support withdrawal to your bank account.

Supported passwords

The number of supported cryptocurrencies should also find a place in your list. Some businesses may not support specific encryption assets; This means that a large encrypted credit card supports holding more consumption flexibility for you.

Crypto. Com supports BTC, ADA, ETH, DOGE and 13 other cryptocurrencies, while Nexo supports a total of 18 cryptocurrencies, providing you with more payment flexibility and purchasing power.

Minimum shares

Before choosing any credit or debit card, you also need to consider what your minimum bet is. Crypto.com provides obsidian cardholders with a minimum of $40000 of Crypto.com coin (CRO) shares, and Nexo deposits a minimum of $50.

Travel currency exchange

You need to know whether you will be charged any fees when you convert to Fiat travel. Some issuers like Bitpay do not charge any conversion fees.

Options for linked accounts

You also need to confirm that you can link your account directly to your encrypted debit/credit card for seamless transactions on the go. You can only add a traditional bank account with a bank license to Nexo, while for Crypto.com, you can link to any bank account in the United States.


When conducting any transaction, your capital security should be your concern. Some card service providers provide encryption and 24/7 fraud monitoring mechanisms to ensure the security of your funds and transactions. Nexo encryption card is the best when it comes to your capital security.


In general, the above content introduces in detail what Bitcoin encrypted credit cards and debit cards are, and how to choose encrypted credit cards and debit cards. I hope the above content can help you understand Bitcoin encrypted credit cards. However, the basic technology of cryptocurrencies such as Bitcoin is improving every day; Things like cryptocurrency credit cards and debit cards are becoming more efficient. Anyway, make sure you check the latest and most useful industry information and development on InsideBitcoins every day.