Crypto investors can earn free crypto in several ways. Cryptocurrency exchanges and wallets regularly make available offers and rewards to users. One of such offerings is the crypto card. This is a kind of a link between traditional finance and decentralised finance, as it empowers investors to spend their crypto in order to undertake purchases. Several crypto platforms have partnered with financial services corporations like Visa and MasterCard to come up with credit/debit card solutions. They function like traditional cards but instead of being backed by your bank account, they are backed by your crypto wallet. These cards enable users to not only spend their crypto holdings for regular needs at merchants but also entitle them to offers and returns in the form of more free crypto. Hence, using a crypto card is not only convenient for customers, but is also rewarding. Before delving into the different crypto card offers, let us take a look at what a crypto card is.
What is a Crypto Card?
A crypto card is a payments-enabled card that lets you pay using your own cryptocurrency holdings. Crypto assets are increasingly being compared to traditional fiat currencies. So, it was a matter of time before there evolved a way in which they could be spent in the same way as well. Crypto cards enable you to do just that. Even if a merchant does not accept crypto as a mode of payment, crypto cards convert the crypto into fiat currencies of your choice and let you complete the transaction successfully. Moreover, for every such purchase, you can get rewarded in the form of additional free crypto. Having a crypto card is useful if you are heavily or sufficiently invested in crypto.
Now, let us discuss some of the best crypto card offers available.
1. BINANCE CARD
Binance is one of the most prominent cryptocurrency exchanges and has an entire suite of features available for trading of digital assets. It is one of the largest crypto platforms in the world in terms of daily trading volumes recorded. Binance has partnered with Visa to release its own crypto card. With the Binance Card, you can potentially pay through crypto at more than 60 million merchants worldwide. The card is free and does not come with any administrative or processing fees and you can earn up to 8% back in crypto on every eligible purchase. You just need to transfer your crypto from the spot wallet to the funding wallet and you are good to go.
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2. COINBASE CARD
Coinbase is a leading cryptocurrency exchange platform which was founded in 2012 by prominent crypto evangelist Brian Armstrong. It provides comprehensive digital asset management facilities to customers, including trading and management. Coinbase also allows you several ways to earn free crypto rewards. Coinbase has partnered with Visa to issue its own crypto card, which not only allows users to transact using crypto but also earn free crypto rewards. You can spend your crypto anywhere using the Coinbase card where Visa cards are accepted. In return, you will be entitled to up to 4% rewards for every purchase. The card is free, which means it is devoid of a sign-up or annual fee. Coinbase automatically converts crypto to fiat currencies during point-of-sale and when cashing out from an ATM.
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3. CRYPTO.COM
Crypto.com is an exhaustive platform dedicated to all things crypto and decentralised finance. It provides a platform for not only cryptocurrency trading and management, but also lets digital creators create and sell their pieces on the platform as Non-Fungible Tokens (NFTs). The company is one of the most prominent crypto platforms and is constantly working for better coverage and uptake of crypto. With Crypto.com Visa card, you can potentially unlock a world full of benefits and rewards. For every purchase with the card, you will be eligible to earn up to 8% free crypto. Crypto.com cards come in various tiers, which differ in the amount of rewards. For example, the Obsidian is the top-tier card which guarantees 8% rewards, paid out in CRO, which is Crypto.com’s native token. On the other hand, the Frosted Rose Gold and Icy White tiers can fetch you a 5% reward while the Midnight Blue can fetch you a 1% reward. With Crypto.com cards, you can also get benefits in non-crypto services like Netflix, Amazon Prime, Spotify etc.
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4. NEXO
Nexo is an important cryptocurrency exchange and digital asset lending institution. Since 2018, the company is paving new horizons in the financial services industry and trying to disrupt the way things are done in the traditional financial system. Nexo manages assets for more than 3.5 million users spread across continents in over 200 jurisdictions. Nexo has partnered with MasterCard for its own crypto credit card. With the Nexo card, you can earn up to 2% crypto back in instant rewards and it is accepted by more than 40 million merchants across the globe. It comes without any minimum monthly repayment requirements. If you have a Nexo wallet, managing the Nexo card is a cakewalk as all operations can be undertaken through the wallet itself. Nexo also enables you to borrow crypto using the card at rates starting as low as 0% APR.
5. GEMINI
Gemini is a cryptocurrency exchange which makes it easy for cryptocurrency investors and traders to initiate and maintain a steady and healthy exposure to crypto. It was founded by the Winklevoss brothers who were some of the very early believers in the crypto ecosystem. Gemini helps customers build a portfolio seamlessly and also provides attractive offers and free crypto to stimulate the uptake of crypto. The Gemini Credit Card allows you to spend your crypto holdings and instead earn up to 3% rewards on every purchase. You can avail the instant rewards in more than a choice of 50 coins, including Bitcoin and Ether. The card comes without an annual fee or a foreign transaction fee. Gemini delivers the rewards to your account the moment you swipe, in order to enable you to benefit from the latest trading price of the coin in which you availed the reward.
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