Best Crypto Credit & Debit Cards in the UK for 2023

Many individuals are becoming involved in cryptocurrency trading, and institutions are starting to accept them as a payment method, which has led to greater popularity in this type of investment. As a result, many platforms began developing their crypto cards to benefit users and facilitate cryptocurrency trading transactions.

This guide will review the best crypto credit & debit cards in the UK. Therefore, you can determine which is the best one and begin trading at a faster and more profitable pace by comparing those features that operate similarly to conventional bank cards.

Best Crypto Credit Cards UK List

Here we provide a list of the best crypto credit cards available on the UK market, for which we will discuss each of them as well as their advantages and main features so that you may select the one that is most suitable to your needs if you are interested.

1. eToro – Overall Best Crypto Credit Card in the UK
2. Crypto.com – Best Crypto Credit Card with Multiple Discounts in the UK
3. BlockFi – UK’s Highest Bitcoin Rewards Crypto Credit Card
4. Nexo – Best Mastercard Crypto Credit Card and Secure in the UK
5. Celsius – Most Expected Crypto Credit Card in the UK with Zero Fees
6. Gemini – UK’s Best Crypto Credit Card with Different Cashback Types

Best Crypto Cards UK Reviewed

The crypto credit card works much the same as a conventional bank card, and they make it easy to do transactions because you are not required to convert your crypto money into FIAT currency because this is automatically taken care of when you purchase goods and services.

The following are some of the features of the crypto credit cards offered by the recommended platforms

1. eToro – Overall Best Crypto Credit Card in the UK

In the context of our cryptocurrency card analysis, we recommend eToro with its eToro Money Card service as our preferred platform due to the benefits it offers. Also, it is important to remember that eToro was founded in 2017 by the Assia brothers and is now one of the most popular social trading platforms in the world, offering thousands of short and long-term investment opportunities and regulated by FCA, ASIC, CySEC, FinCEN, and FINRA.

First, you need to understand eToro Money, which is a way to manage your funds, which includes a cryptocurrency card called eToro Money Card, as well as an account, which you will manage via a mobile app, through which you can make bank transfers, set up regular payments, deposit and withdraw money from the eToro platform.

One of the benefits is that you can convert to USD for free and save up to £5 on every £1,000 you deposit and withdraw funds instantly from your eToro trading account. Additionally, you would receive highly competitive exchange rates across the globe without incurring any setup or monthly fees.

The good thing about the eToro Money Card is that it supports around 19 FIAT currencies, including the British Pound; therefore, the exchange rate fees will be 0.25% if the transaction takes place between 10:02 PM on Sunday and 10:00 PM on Friday, otherwise, they will be 0.5%. It is also good to know that eToro supports more than 50 cryptocurrencies, including Bitcoin, Ethereum, and many altcoins.

If you intend to use the card frequently, eToro gives you the green or black cards depending on what type of member you are in eToro Club. The biggest difference is that the green card allows you to withdraw at ATMs until £650/m free 1.5% after, and the black card until £1000/m free 1.5% after. After this, you should incur no further fees unless you lose your card and need to acquire a new one.

Withdrawals are fee-free and instant, so you can transfer all your profits from the eToro investment platform to your eToro Money Account and Card. Currently, only bank transfers are accepted to fund your eToro Money Card. However, more payment options will be available over time.

75.26% of retail investor accounts lose money when trading CFDs with this provider

2. Crypto.com – Best Crypto Credit Card with Multiple Discounts in the UK

As one of the world’s largest cryptocurrency exchanges, Crypto.com was founded in 2016 by Bobby Bao in Singapore and today is one of the fastest and most secure cryptocurrency exchanges in the UK. It also has many security certifications, including those issued by CCSS, SGS, Burea Veritas, NIST, and a stress-tested by Kudelski Security, and supports more than 250 cryptocurrencies.

It is noteworthy that Crypto.com offers five different types of crypto credit cards, determined by the amount of CRO (Crypto.com token) you own and stake. Moreover, it offers cashback ranging from 0% to 8%, depending on the amount of what type of crypto credit card you have. Also, you can top-up your card using different methods such as Fiat Wallet, Crypto Wallet, or credit/debit card in the Crypto.com App.

To qualify for these cards, you must stake for 180 days of CRO with the following amounts: £0 for Midnight Blue, £300 for Ruby Steel, £3,000 for Royal Indigo & Jade Green, £30,000 for Frosted Rose Gold & Icy White, and £300,000 for Obsidian (8% of cashback).

You have monthly withdrawals at ATMs up to the limit indicated by your card, which ranges from £180 for Midnight Blue to £900 for Obsidian. If you spend more than this amount, you will be charged a 2% fee. In addition, the monthly free currency exchange transactions range from £1,800 for Midnight Blue to £14,000 for Frosted Rose Gold & Icy White, but if you have the Obsidian card, this would be unlimited. If the amount exceeds that limit, a 0.5% fee will be charged.

Crypto.com offers numerous benefits to customers, including free access to applications such as Netflix, Spotify, and Amazon Prime, discounts on Expedia, Airbnb, and access to lounge key, earning bonus points, receiving exclusive merchandise welcome packs, and a private jet partnership. However, it depends on the card you have.

Your money is at risk

3. BlockFi – UK’s Highest Bitcoin Rewards Crypto Credit Card

Zac Prince founded BlockFi in 2017 in New Jersey and now has more than $700 million in crypto interest and rewards earned to clients worldwide to date; which is best known for its crypto interest account and crypto loan services.

Its visa card is accepted almost everywhere, including the UK. You earn an unlimited 1.5% back in Bitcoin or more than 10 other cryptocurrencies for every dollar you spend on the card. In addition, the program offers 2% back on all purchases over $50,000 (£38,435.75) annually and a steep threshold limited to heavy consumers.

It has an annual fee of 0% and a yearly interest rate of 11.74% to 21.74% for holding cryptocurrencies in your account. Another positive aspect is that they do not charge for currency exchange; this is free of charge, beneficial for individuals who live in the UK and intend to use the crypto card.

People interested in Bitcoin may receive 0.25% cashback in Bitcoin on all eligible trades, up to a maximum of $500 each month. For every client referral, you will receive $30 in Bitcoin in addition to the Refer-a-Friend program.

Specifically, BlockFi offers a crypto credit card, which allows you to use a larger amount of money and then pay the bill in dollars, while the rewards will be in cryptocurrency. Therefore, if you do not wish to spend more than you have in your crypto fund, you should consider a crypto debit card.

Moreover, you should keep in mind that before you receive the BlockFi Rewards Visa Signature Credit Card, you must first download the application to create an account, and then you will be able to manage the card.

Your money is at risk

4. Nexo – Best Mastercard Crypto Credit Card and Secure in the UK

The company was launched in 2018 and has gained a great deal of popularity. The slogan of the company is “Banking on Crypto.” It aims to replace traditional banking services while utilizing cryptography as an asset, and currently, it has over 3.5 million users.

In contrast to the other cards, Nexo works with Mastercard instead of Visa, accepted by 40+ million merchants worldwide. Like the others, the card management must be handled by a web application compatible with Android and iOS, including a secure wallet with 256-bit encryption.

The Nexo Card offers up to 2% instant cashback on all purchases in either Nexo Tokens or Bitcoin. Still, the card is only available to Nexo users who are lending fiat currency against their cryptocurrency holdings.

As part of this offer, you can create free virtual cards to make secure online purchases, obtain up to £8,348 in ATM withdrawals per month and save on exchange commissions of up to £15,000 per month.

You pay in the local currency by using the Nexo card, which saves you on foreign exchange fees. Even though it is still at an early stage, it is a good option for individuals from the UK.

Your money is at risk

5. Celsius – Most Expected Crypto Credit Card in the UK with Zero Fees

Celsius Network was founded in 2017 in London, England, and today is a leading cryptocurrency lending platform that allows users to earn interest by holding digital assets as collateral. The company has a weekly APR of 17% and no fees of any kind; the platform has over 1.7 million users and offers over 40 cryptocurrency options.

Celsius crypto card is currently not available, and we do not know whether it will be a Visa or Mastercard. However, you can join the waiting list to be included in the priority list once launched.

As part of the benefits, you will be able to earn weekly rewards on your cryptocurrency purchases with your credit card and no foreign exchange, annual, ATM, or late payment fees associated with the card.

Another aspect that sets it apart from its competitors is choosing how you would like to pay your bills, FIAT, or stablecoins, and a web application would also handle it.

There is no tentative launch date, but it is subject to technical, legal, regulatory, financial, and other considerations. However, we are sure it would be applicable for users in the UK due to the platform’s trajectory.

Your money is at risk

6. Gemini – UK’s Best Crypto Credit Card with Different Cashback Types

Gemini is a digital currency exchange created by the Winklevoss brothers in 2015 in New York and supports more than 50 cryptocurrencies. As one of the world’s most secure exchanges, it is committed to bringing choice, independence, and opportunity to individuals around the globe.

You can earn three types of cashback, 3% on dining, 2% on groceries, and 1% on all other purchases, and the best part is that you can choose the cryptocurrency in which you wish to receive your rewards, of 50 options that you have instantly.

Another advantage of this card is that there are no annual fees, foreign transaction fees, or exchange fees to acquire your rewards. Also, when you apply for your card, which is fast and secure, you can choose between three physical versions: black, silver, or rose.

Like every competitor, it is also managed via a web application, where you can get exclusive offers with select merchants, including DoorDash, HelloFresh, Lyft, and ShopRunner. And, in addition, it is available in GBP and EUR if you are interested.

Your money is at risk

Best Crypto Credit Cards Comparison

We have summarized the most important features of the crypto cards offered by the main brokers in the United Kingdom to facilitate direct access to your trading account. We will examine such features as the supported cryptocurrencies, fees, rewards, and their availability in the market.

How do Crypto Cards Work?

As a first point, it is important to note that crypto cards may be referred to as credit cards or debit cards. Still, they are only debit cards since you can only spend the funds in your balance without exceeding it, and they do not offer credit facilities.

Crypto cards operate similarly to bank debit cards. They share many of the same characteristics, such as a physical card (Visa or Master Card), a card number, expiration date, a CVV/CVC code, and they are linked to a recognized exchange platform, where you can view your account balance and make transfers or operations using your account. You can even withdraw money from an ATM, use it to make payments in establishments that accept it or make online purchases.

When using this card to pay for goods or services or to transfer money, you might ask yourself, will I be transferring cryptocurrencies? The answer is no since crypto cards work so that people receive fiat money into their accounts, not cryptocurrency. Your account converts your linked cryptocurrencies into the local currency used for the transaction and subsequently uses that cash to make a payment.

As an example, if you have £300 of Bitcoin equivalent in your eToro Money Card and you pay £100 in a store with the card, the system will deduct £100 from your Bitcoin, so you now have £200 in your eToro Money Card, the same method would be used when withdrawing money from an ATM that allows it.

As well as facilitating these transactions, each card can provide additional benefits, as in the case of the eToro Money Card, where you receive benefits such as cashback, stacking based on which crypto card you choose, and competitive exchange rates, plus you can manage all your movements from a highly secure and comprehensive mobile application and also you can save £5 for every £1,000 with fee-free deposits.

75.26% of retail investor accounts lose money when trading CFDs with this provider

Benefits of Crypto Credit Cards

If you wish to obtain a crypto credit card, we will provide you with a list of the major general advantages that we could determine from our analysis of the key brokers in this guide so that you can decide if they are right for you.

Rewards and Incentives

As crypto platforms compete for customers, they offer rewards to encourage them to use their services, such as cashback, discounts, staking, very low commissions when withdrawing physical money, and extremely low exchange rates.

Payments for goods and services

In the case of cryptocurrencies, there is always the issue of converting them into fiat currency since there are not many establishments where you can spend your crypto funds. Still, you can buy things with crypto credit cards since they are affiliated with Visa and Mastercard.

With the crypto credit cards of your choice, you will have the ability to spend your cryptocurrency funds and automatically convert them into the fiat currency of your choice instantly and securely. In some cases, a small conversion fee is required due to the transaction and the fiat currency of your choice, depending on where you are.

Can Be Used Anywhere

By working with Visa and Mastercard, you can use your crypto credit card anywhere in the world with this type of payment system. In addition, due to the novelty of this type of payment, some platforms offer very low exchange rates or almost zero rates to entice you to use their cards.

Portability and Accessibility

It is possible to carry this card in your wallet and use it wherever you want, and it is very easy to keep track of your transactions and balances using mobile web applications for iOS and Android.

You simply need to acquire knowledge about how your chosen card works. For example, in the case of eToro, there is the eToro Money Account application through which you can send, store, and receive cash and crypto, manage your card, and gain access to exclusive features.

75.26% of retail investor accounts lose money when trading CFDs with this provider

How to Choose the Right Crypto Credit Card for You

Once you have all the information presented to you, you should evaluate all the positive aspects of these platforms to decide which crypto credit card is the most convenient in the UK at the moment and meets your needs.

The following points will help you decide when you begin your search for your crypto credit card in the marketplace.

Fees

The main types of fees that need to be considered are annual fees, foreign transaction fees, exchange fees for purchasing rewards, and AMT withdrawal fees.

By analyzing according to the amount of money you wish to move on your card, you will identify the best option for you. Some platforms do not charge these fees or keep them at very low and competitive rates. Gemini, for example, indicates that it will not charge any fees, but the card has not yet been released.

75.26% of retail investor accounts lose money when trading CFDs with this provider

Supported Crypto Types

Since the amount of money in our crypto credit cards depends on how many cryptocurrencies we have, it is very important to choose a platform that offers a wide variety of cryptocurrencies and contemplates the most popular and well-known ones at the time.

For example, with the eToro Money Card, you have access to more than 50 cryptocurrencies, among them Bitcoin, Ethereum, XRP, and Litecoin, among others, so you will have the possibility to choose where you want to invest your money.

Eligibility

Like traditional banks evaluating you before issuing a credit card, the same is true with crypto credit cards. Each platform has a series of requirements before granting you the physical card.

Although certain platforms require you to be part of a waiting list before you are provided with a card, on other platforms, you must be a member of a club or have a lot of capital to qualify.

Rewards

A fundamental factor is the rewards offered by these cards. We have observed that most of them offer cashback, discounts, and rewards points. Cyrpto.com offers the highest cashback with 8%, but the Obsidian card is a bit complex to acquire due to the amount of capital required.

How to Qualify for and Use a Crypto Card

Now that you have reviewed all the benefits of crypto credit cards and the different features and rewards offered by each platform and the card it offers, you may still be wondering what factors I should consider deciding on a particular card. Therefore, let’s review this information in greater detail.

Step 1: Open an Account

The first step is to register with eToro by clicking the ‘Join Now’ button and providing your general information and a strong password; secondly, you must upload an identity document, such as your driving license or passport, as well as a recent bank statement or utility bill to verify your identity. After uploading these documents, the address will be verified automatically.

75.26% of retail investor accounts lose money when trading CFDs with this provider

Step 2: Deposit Funds

The minimum deposit for eToro in the UK is $10 (£7.69) The deposit methods available to you include debit/credit cards, bank transfers, PayPal, UK bank transfers, and other third-party channels like Skrill.

You must be a member of the eToro Club to open an eToro Money Account, so the minimum capital for fund requirement for Silver Status is $5,000 (£3,843.57)

Step 3: Create an eToro Money Account

It is important to note that there is the eToro trading platform for which we already have an account created, but we need to create another account for the eToro Money Account. It can only be established if you are a member of the eToro Club and meet the capital requirements.

When you have verified that you are a member, by checking your status, you should click on the ‘Get your eToro Money Account’ button, and you will receive an eToro Money sort code and a personal account number to be able to send and receive funds to any bank account.

Step 4: Receive eToro Money Card

According to the amount of money in your capital, you will receive a green or black crypto card, which will automatically arrive at the address you entered and verified in your account after creating your eToro Money Account.

Step 5: Buy and Trade Crypto

Once you have funds in your account, you can perform the operations you wish on the platform. All you need to do is write the name of the cryptocurrency to invest in, select the options you prefer, and press the ‘Open Trade’ button.

Step 6: Use eToro Money Card

In addition, you can transfer all profits you earn from crypto investments through the ‘Transfer to Wallet’ function in your portfolio, which means that the funds are transferred directly to your eToro Money Account, where you can withdraw them from this account by using your eToro Money Card.

75.26% of retail investor accounts lose money when trading CFDs with this provider

Best Crypto Credit Card – Conclusion

Due to the popularity of cryptocurrencies, crypto credit cards have become a deciding factor when deciding on a reputable broker to conduct our trading operations. Here, we have reviewed all the information relating to the best crypto credit card providers in the UK and a list of the benefits they provide, and the reasons why it is a good idea to use them.

As someone interested in increasing its earnings with cryptocurrencies, the best crypto credit card for you would be the eToro Money Card. Its advantages are automatic staking rewards, extremely low exchange rates, bank transfers, and no annual or withdrawal fees. So, what are you waiting for to get the eToro Crypto card now?

eToro Money Card – Best Crypto Credit Card UK

75.26% of retail investor accounts lose money when trading CFDs with this provider

FAQs

Is there a crypto credit card?

Many online trading platforms are currently venturing into crypto cards due to the popularity of this asset with its associated benefits. For example, the eToro Money Card that we recommend in this guide is one of them.

What crypto cards are there?

Currently, only crypto debit cards are available since the money you have can only be used, similar to a traditional bank debit card. However, many brokers offer such services, such as eToro, where you can trade and invest in cryptocurrencies.

Are crypto cards a good idea to use?

Crypto Cards will be an excellent option if most of your investments are in cryptocurrencies. It allows you to make regular transactions and payments at any time and receive benefits such as cashback and stacking, depending on the crypto card you select.

Do I pay taxes on crypto credit cards in the UK?

Yes, when you use your crypto debit card to make purchases, you must report your capital gains or losses to the HM Revenue and Customs in the UK.

Which crypto card is the best in the UK?

Considering the wide variety of FIAT currencies and cryptocurrencies it supports and the benefits and competitive exchange rates it provides, eToro with the eToro Money Card service would be the best crypto card currently available in the UK.