5 crypto credit cards for everyday fiat life

Whether physically or via the smartphone app: countless people use their credit cards every day. In Germany alone According to Statista 38.4 million such payment cards issued. The concept of the credit card is not new: the first MasterCard was issued by Franklin Bank in New York in 1951. American Express and Visa products followed in 1958. Decades later, with increasing growth, the plastic cards have now also become part of the crypto sector. These are five crypto credit cards for everyday Fiat use.

The crypto credit card

The difference between crypto credit cards and the classic alternative can hardly be determined in everyday life. The process: exactly the same. The special thing about the crypto-compatible bank card is the connection to the personal crypto exchange account. The credit card is designed to seamlessly transfer monetary values ​​between fiat and crypto. Some providers even allow the direct conversion of Bitcoin, for example, to pay for coffee at the bakery. The user saves the manual conversion in the exchange application.

Why should I use a crypto credit card?

Credit cards and crypto: That doesn’t quite fit. After all, Satoshi Nakamoto wanted to prevent exactly this money expansion with the development of Bitcoin. Nevertheless, these credit cards have a significant advantage for crypto enthusiasts who use credit cards anyway: Cashback in Bitcoin and Co. If you pay in a restaurant with the corresponding credit card, for example, you receive crypto on the account in return.

A second advantage is when paying abroad. While regular providers sometimes charge enormously high fees, the products from Vivid and Revolut shine. Customers save, for example, when exchanging currency and can withdraw cash for a small fee.

5 crypto credit cards

The main advantage of a crypto credit card is the flexibility to earn rewards. Users can generate various additional bonuses depending on the offer. Certain conditions often have to be met.

However, choosing the right crypto credit card should be secondary. Rather, the decision must be made on the individually adapted crypto exchange. Choosing the right crypto exchange is essential, especially in relation to the recent scandals involving FTX, Sam Bankman-Fried and Alameda Research. You can get an overview on the BTC-ECHO review page.

Mastercard and Visa on crypto advance

While the crypto exchanges Binance and Co. are launching their own credit cards, the classic financial service providers are also working on crypto-related products. Mastercard CEO Michael Miebach is meanwhile convinced of cryptocurrencies in everyday life. He envisions a future world where consumers everywhere use Bitcoin for their day-to-day transactions and billing. The direct competitor, Visa, is not staying idle either: at the end of October, the payment processor submitted patent applications for its own crypto wallet.

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While many investors would like to rely solely on crypto payments, the reality is different. While crypto credit cards won’t solve the dependency on centralized financial service providers, they are certainly a first step towards future adoption. Anyone who uses a regular money card every day can definitely reconsider switching to the crypto alternative.