Cryptocurrency has made its mark on the investment world. Bitcoin and other types of cryptocurrency have provided a new way for people to buy and sell goods. Yet, there are other trends that are emerging through cryptocurrency as well.
One growing trend among investors is using a Crypto Debit Card. With similarities to a bitcoin wallet, a Crypto Debit Card can be valuable to have.
If you are considering investing in a Crypto Debit Card it can be helpful to know the reasons why you should get one. Here are 4 reasons a Crypto Debit Card can be right for you.
What Is a Crypto Debit Card?
A Crypto Debit Card works like a traditional debit and credit card. The biggest difference is it allows you to complete transactions by using cryptocurrency. This includes coins like Bitcoin, Ethereum, and XRP.
With a Crypto Debit Card, you can use the physical card or a virtual one. It can be used at multiple locations in just a few simple steps. First, you want to load the card with the cryptocurrency that you want.
You are able to do this through a website or a mobile app. Once you have done this, you can start using your Crypto Debit Card.
Crypto Debit Cards Offer Convenience
One reason you should consider getting a crypto debit card is they offer convenience. The payments are processed quickly like an e-wallet. You will only have to wait a few short moments as if you were using a debit card or credit card from a bank.
A Crypto Debit card will also provide you with a convenient way to make ATM withdrawals. You also don’t have to have a bank account to set up a Crypto Debit Card, making it convenient for anyone to use.
Crypto Debit Cards Earn Rewards
An added benefit of getting a Crypto Debit Card is that you can earn rewards. Take for example a company called Wirex. They allow you to use your Wirex Crypto Debit Card to earn up to 1.5% back in Bitcoin on all in-store purchases.
Another example of a Crypto Debit Card that earns rewards is the MCO Visa Card. With an MCO Visa Card, you can enjoy exclusive rewards such as CRO tokens, bonus interest, and rebates from brands like Amazon and Netflix. Earning rewards has never been so easy.
Crypto Debit Cards Are Versatile
Another great reason for getting a Crypto Debit Card is because of its versatility. If you are someone who travels abroad often, currency exchange can be a hassle. Having a Crypto Debit Card removes that problem.
The reason being is the funds are automatically converted into local currency. The best part about this is it happens without you being charged extra fees. Which makes this a versatile debit card.
Crypto Debit Cards Are Secure
One other reason for getting a Crypto Debit Card is they are secure. When you have a debit card or credit card linked to a bank account it can make you an easy target for fraud. This is especially true if you are using cash machines.
With a Crypto Debit Card, you won’t have to worry about that happening. The reason why it has advanced security measures that helps prevent this type of theft. Your crypto debit card will be connected to an e-wallet that will have several layers of protection.
There will be a password, a two-factor authentication, and a biometric scanner. You also have the ability to disable your card on an app if your card is lost or stolen.
Need a Crypto Debit Card?
As you can see getting a Crypto Debit Card can be very beneficial. It’s convenient, you can earn rewards, it’s versatile and secure.