Compare Bitcoin Debit Cards

Find the best UK bitcoin debit card.

With a bitcoin card, you can spend your bitcoins in shops and use ATMs. To find you the best one for you, we've compared the options.

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What should I look for in a crypto debit card?

There are bitcoin bank cards that connect directly to your coin wallet, and even some that are backed by major banks such as VISA and MasterCard, although prepaid cards are more common. After you've chosen which style you want, the main concern is finding a card that has low transaction fees and can be denominated into your country's currency.

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Finding the right bitcoin debit card in 2018.


What is a bitcoin debit card?

A bitcoin debit card is a card that is linked to a cryptocurrency account or wallet, allowing you to spend your bitcoins both online and in real shops and ATMs. When you make a purchase, the bitcoins in your account are converted to fiat currency based on the current market rates, and that currency is used for payment – just like when you spend money using your card on holiday. In other words, a Bitcoin debit card helps bridge the traditional banking and Bitcoin worlds.

There is a fundamental difference between a bitcoin ‘debit’ card and a bitcoin ‘prepaid’ card. With a bitcoin debit card you have an account with all the functions of a ‘normal’ bank account, and your card is connected to this account. Whereas a bitcoin prepaid card is just that: a card directly loaded with coins rather than being attached to an account.

Recent developments

Bitcoin debit cards aren’t just cards any more – they are more like bitcoin bank accounts. Taking on the features of traditional banking, these cards allow you to spend your bitcoins just like you’d spend your money with a regular card. Usually, they also allow you to transfer between fiat currency and bitcoin within your account, cutting out the need for an exchange.

How do bitcoin cards work?

Bitcoin cards are linked to a cryptocurrency account or wallet, and work much like normal credit/debit cards, which are linked to a bank account. When you make a purchase, the funds are deducted from your bitcoin balance at the current market rate. For instance, if you buy a product worth £10 (whether online or in a shop), the card exchanges £10 worth of bitcoin and transfers that £10 to the shop/person. The transaction happens in pounds, but you hold your money in bitcoin.

So, it’s like having a currency account?

Precisely. A bitcoin card is more like a currency account, only that the balance is kept in bitcoins rather than pounds. There are also providers who issue cards with fiat currency accounts attached, just like you can get a dollar account on a standard debit card.

Are Bitcoin debit cards accepted everywhere?

Yes, bitcoin debit cards are accepted across the world provided the ATM or merchant supports ‘normal’ cards. Bitcoin debit cards have similar restrictions to Amex, MasterCard, and Visa, depending on the sellers.

What if I lose my card?

No problem. Since bitcoin debit cards are linked to a cryptocurrency account, you can freeze or cancel a card easily if it gets lost and order a new card. All bitcoin debit cards are linked to apps, so this process is very easy. You also don’t even need to have a physical card if you don’t want one, as you can get a purely virtual card.

What’s all this about virtual cards?

There are two different types of bitcoin debit cards that you can get. These are:

  • Virtual. A bitcoin virtual debit card is one that exists only for online spending – you don’t have a physical card. Once you order your card, you receive it instantly and are expected to activate it via email. A bitcoin virtual debit card works the same way as a physical card when shopping online: all relevant details such as cardholder name, card number, CVV number, and expiry date are visible online, you just don’t have a physical plastic version to use in shops and ATMs.
  • Chip + pin (plastic). This is the physical plastic card that is delivered to your residential address via mail and comes with a chip and an ATM pin number. Unlike the virtual card which is used online, the Chip + pin (plastic) card can be used both online and in real shops.

Top tip

You will soon also be able to add a virtual or physical bitcoin debit card to your Apple or Samsung Pay account. Some providers such as Wirex allow you to hold multiple cards, which means that once you can integrate them with mobile wallets, you could have virtual GBP, USD, and EUR cards all stored on your phone to use in various countries and cut holiday spending fees. This would mean you would have contactless cards in three fiat currencies without needing to keep a single physical card in your wallet.

Are there fees?

Most providers will charge fees relating to the delivery and use of their bitcoin debit cards. We’ve made a list of all the possible fees here, but most providers will only charge some of these fees rather than all of them:

  • Card fee. Most card providers charge a flat fee of around £5 – £30 for production of the card.
  • Monthly fee. Some providers will charge a monthly account management fee, which typically ranges between £1 and £5. It’s usually possible in these circumstances to pay the fee on an annual basis if you wish, which can work out cheaper than paying monthly.
  • Online purchases. If you purchase goods or services online with your bitcoin debit card, you will usually not be charged a transaction fee. In the rare case a card charges a fee for this, it will typically be under £1.
  • Retail/store purchases. The fees for using a card in a shop are typically the same as those using the card online.
  • Declined transactions. If you attempt to make payments with insufficient funds, you will be charged a very small fee (around 5 pence) for the declined transaction.
  • Administration/support. If you are looking to recall or trace a payment, you will be required to pay administration/support fee for the operation. This is typically a flat fee of around £20 – £30. It’s possible to trace payments in this way because at the point of sale the card transacts in fiat currency – spending bitcoins directly is completely anonymous.
  • Currency exchange rates. In order to facilitate the conversion of your bitcoins to fiat currency, which the card then spends, card providers charge a currency exchange rate fee. This can range anywhere from 0.7% – 5% depending on the card provider.
  • Delivery fee. Usually, any delivery fee is combined with the card production fee, meaning that you only need to pay a one-time payment to have the card produced and delivered to your address. However, there are some service providers that charge a flat fee of around £5 – £20 extra for delivery of the card, particularly if getting it delivered overseas.
  • Foreign transaction fee. If you use your card internationally, you could be charged between 2% – 5% extra on transactions depending on the card.
  • ATM fees (domestic/international). If you use your card to withdraw money from an ATM domestically, you will be charged a flat fee of around £2 – £3. However, if you’re using an ATM outside the country where the service provider is based, you will usually be charged a higher amount. The ATM fees for international transactions can range anywhere from £3 – £5.

What verification steps are there?

When signing up for a bitcoin debit card, you’ll usually have to register with details such as your name, date of birth, and address. After this most providers will ask for extra verification in the form of proof of address and proof of identity (a passport and a driving license are most common).
You don’t always have to verify your account in this way, but unverified accounts have lower spending limits.

Are there card limits?

Depending on the service you use and your verification status, your card may have set limits on how much you can spend at a time (although verified accounts tend to have unlimited spending). It is also common for unverified cards to have lower maximum balances than verified ones. The possible limits on bitcoin debit cards are:

  • Maximum/minimum balances. Depending on the card provider, there are maximum and minimum balances that you’re allowed to hold in your account at any time. Usually, the maximum balance can range anywhere from £5,000 to £10,000, whereas the minimum can range from £1 – £10. However, some services have no such limits and can hold and spend as many bitcoins as you want.
  • Spending limits (per transaction). The spending limits can also range depending on the service provider and your verification status. If your account is unverified, you might be limited to around £1000 per transaction, but if you go through the verification steps, spending limits are much higher or completely removed.
  • Load amount limits. Loading your cryptocurrency account is usually unlimited, but there are a few services that have a limit of around £2,500 for unverified accounts.
  • ATM withdrawal limits. The ATM withdraw limit also depends on your verification status. If you are unverified, you can usually withdraw up to £200 in a single transaction, but if you are verified this rises to around £1,000.

Should I get a bitcoin debit card?

It’s up to you. They’re a great way to start using your bitcoins in your day-to-day life, and there are now a wide range to choose from. If you’ve decided a bitcoin debit card is right for you, then our comparisons will help you find the best card out there.

How can I get a bitcoin card?

That’s the easy part. Use our reviews to find the best card for you, and then follow the link to sign up and get spending your bitcoin every day!

Should I use a cryptocurrency debit card?


Advantages

  • If you live in a country with an unstable economy, using a bitcoin debit card protects you from inflation
  • Spending with a bitcoin debit card is anonymous
  • Bitcoin debit cards allow you to spend your bitcoin in shops and use ATMs
  • Accessing and using your bitcoin is easier with a bitcoin debit card

Drawbacks

  • Transactions are made using regular currency, so changes in the value of bitcoin affect prices
  • All cards aren't yet accepted everywhere
  • Transaction fees are much higher than regular debit cards, especially with ATMs

The leading bitcoin debit cards in the UK.


1
GBP,USD,EUR,
BTC
ETH
LTC
XRP
  • Crypto-friendly debit card
  • Fully secured by Multi-Sig technology
  • Buy, exchange and spend cryptos

Frequent questions.


What’s the difference between bitcoin prepaid cards and bitcoin debit cards?

Bitcoin prepaid cards and bitcoin debit cards might appear similar and do the same job, but they work differently. The prepaid cards need to be topped up in order to use, whereas debit cards take funds directly from a cryptocurrency account. Bitcoin debit cards can hold multiple currencies (both crypto and fiat) at a time and exchange between them within the account.

Can I use a bitcoin card in the UK?

Yes, you can use a bitcoin card anywhere in the UK that accepts card payments. Seeing as providers such as Visa power the spending of bitcoin debit cards, they work as reliably as any other credit/debit card.

Are bitcoin cards accepted internationally?

Yes, bitcoin cards are accepted internationally, but there are often fees of between 2% and 5% on spending and a charge of £3 - £5 when using an ATM in a foreign country.

How long will it take for my card to be delivered?

Often only a few days, but it can take up to 4 weeks for your card to be delivered to your address. If you order a virtual card, you will receive it instantly, and all you need to do is verify your account.

Are anonymous cards available?

No, you cannot get a bitcoin debit card without providing personal information. However, you can get anonymous prepaid cards. These cards come with limits – from the amount you can withdraw from an ATM to the amount you can spend online/offline, but if the anonymity of your spending is more important than the amount you can spend, then there are some great prepaid options.

Can I transfer money from my cryptocurrency account to a normal bank account?

Yes, it’s possible to transfer money from a cryptocurrency account to a normal bank account. You cannot move actual bitcoins directly into a normal bank account because bank accounts are designed to hold fiat currency, but you can transfer the amount they’re worth. A bitcoin debit card will automatically exchange the value of the bitcoin you want to transfer into fiat currency and transfer that amount into your regular bank account.

Do I need bitcoin in order to start using my card?

Yes, generally you do. Since the card is linked to your cryptocurrency account, you need to transfer bitcoins into the account in order to start using it. However, some services such as Wirex can hold both crypto and fiat currency, so you can simply load your account with fiat currency and transfer that into bitcoin within the account.

Can you spend multiple digital currencies from one card?

No, not yet. Currently cards are limited to a single currency – almost exclusively Bitcoin. In the near future providers are looking to allow you to hold and spend many different currencies from one account, and some such as Wirex already function as an exchange to exchange many different cryptocurrencies.

Do the cards come in a variety of fiat currencies?

Yes, most commonly cards come in either pounds, dollars, or euros. Currently it is hard to find cards in other currencies, but as their popularity grows so will the number of currencies they offer.

Can I connect my card to my PayPal account?

If your card is supported by Visa or another major card company, then yes. You can link your card to your PayPal account and use it for PayPal payments.

How safe and secure are these cards?

The safety and security of bitcoin debit cards lies in the hands of the provider. Since the funds are liked to a cryptocurrency account, card providers will have security measures in place to secure accounts from hackers. Make sure you learn about the security features of a card in order to guarantee that your funds will be safe.

Are these services regulated by the FCA?

Yes, most services are regulated by the UK Financial Conduct Authority, but don’t have full protection under the Financial Services Protection scheme. However, some services based in other regions may not be regulated by FCA, but by relevant authorities in their respective countries.

Are there services I should avoid?

Yes. As with any other card, there are providers that aren’t trustworthy or rip off customers. That’s why we have researched all the options and only recommend services that are reliable and great value. Use our reviews and you’ll find the right card in no time.

I’ve heard that Visa are backing out of bitcoin cards?

No, that’s not true. What happened is that Visa cut ties with WaveCrest holdings in early 2018 which affected many bitcoin card providers. However, Visa did not back out of bitcoin cards completely. Everyone’s money was secured by their card providers, who have now all transferred to work with new partners who Visa is happy to supply cards through.

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