How to buy crypto with a crypto.com visa card: Cryptocurrency, simply put, is a currency that resides in the digital realm without any physical embodiment. In the current review, we look at one of the best crypto credit cards, the Crypto.com Visa Card
Crypto.com is one of the first to bring you the best crypto credit cards. He started the company with one main thing in mind, to accelerate the world’s transition to cryptocurrency.
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Crypto.com Visa Card Review
Crypto.com Visa Card is the most extensive crypto card program. The company has offices all over the world. The Crypto.com Debit Card is called the Metal Visa Card. Crypto.com’s original token name is CRO. The card is compatible with more than 90 cryptocurrencies.
These are prepaid cards that already require an amount on Crypto.com to avail of the benefits This card can be purchased even if you don’t have any cryptocurrency, as it can be topped up with either fiat (paper currency) or cryptocurrency.
Crypto.com Visa Card Fees:
The Metal Visa card is free of annual fees. The card is also free from ATM withdrawal fees and currency exchange transactions. For more fee information, visit the Fees and Limits option under Settings in the Crypto.com app.
Crypto.com Visa Card Rewards & Benefits:
After each eligible transaction, the cashback is credited to the CRO account. Cashback/rewards can be viewed in Crypto Wallet on the Crypto.com app. Purchase discount is paid for USD equivalent—rewards per card type, exclusive rewards on Netflix, Spotify, Amazon Prime, etc.
Crypto.com Visa Card Eligibility
As this is a prepaid card, this card needs to be linked with another debit/credit card to maintain a minimum balance in the account. It is mandatory to bet the amount for 180 days and after that, it can be postponed. “Stake” or “Staking” means holding CRO in your Crypto.com App Wallet for 6 months. But after unstacking it, benefits or rewards accrued from the card may be lost. Another requirement is a residency check. No credit score checks.
How to Apply for Crypto.com Visa Card?
Following are the steps to purchase these cards
- Sign up at Cyrpto.com
- Download the Crypto.com app. (Available on Apple and Android mobile devices only)
- Apply for the card you wish to purchase and complete the verification/application process.
- Check card status in the Crypto app. For physical card shipment details. Shipment time will vary by country.
FAQs: What is a crypto.com visa card?
Yes, if you already have a credit card linked to your Coinbase account, you can use it to buy cryptocurrency. Which banks allow crypto purchases in Canada? Banks that will enable crypto purchases in Canada include HSBC, Scotiabank, TD, CIBC, RBC, BMO, National Bank, and Desjardins.
Currently available crypto cards in Canada: Some are crypto-specific cards that allow you to spend your fiat holdings on the platform, while others are crypto-only cards that allow you to earn crypto cashback rewards on your purchases.
You can also use other methods to buy bitcoins with a credit card in Canada:
First, fund your account using your credit card.
Then place either a market or limit order.
Finally, receive bitcoins in your CEX.IO account after the order is completed.
A cryptocurrency exchange that accepts credit cards. MyBTC.ca. This Canadian cryptocurrency exchange accepts both Visa and MasterCard.
Cryptocurrencies are legal to use and buy in Canada, but regulators have created a framework to protect consumers and prevent money laundering. For example, firms dealing in cryptocurrencies may be required to register with Canada’s Financial Transactions and Reports Analysis Center (FINTRAC).
The above-curated information comes from careful research as I have not had the opportunity to purchase this credit card. It is recommended to buy a Metal Visa card from the second tier as it offers more benefits Cryptocurrencies are the new future, so don’t wait any longer and get a crypto credit card.
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