Close-up of businessman with wallet receiving and paying by bitcoin or cryptocurrency - crypto currency is the future of digital cashless financial banking trade

Buying and selling cryptocurrencies is easier than ever. Cryptocurrency – such as Polkadot – is available on most online investing platforms and exchanges. Now that buying and selling cryptocurrency is easy, you’re probably wondering how to spend that crypto.

Would you like to pay your gas bill with Bitcoin? What about buying your next computer with some other form of cryptocurrency? It’s possible when you have a crypto credit card.

Crypto Credit Card

A crypto credit card is much like a traditional credit card. The difference is that with a crypto credit card, you can spend different types of cryptocurrencies.

You’ll need to already have funded your crypto wallet with cryptocurrency. The amount you can spend depends on how much crypto is in your wallet. Just like with a traditional credit card, you have to repay the funds that you spend. If you don’t repay the funds within a certain time, you may have to pay interest.

When using a crypto credit card, you’re not actually sending a cryptocurrency payment. Instead, the available crypto in your wallet is converted to traditional currency. For example, your crypto gets converted to US dollars if you’re purchasing in US dollars.

A crypto card might limit the number of purchases you can make per day. Or a card might require you to stake a specific cryptocurrency before you can even get a crypto credit card.

If you have a MasterCard or Visa crypto credit card, you can withdraw funds from ATMs and make purchases wherever those cards are accepted.

Crypto Credit Card Benefits

You may find a crypto credit card beneficial because:

  1. You can easily use your crypto to make all types of purchases.
  2. You can withdraw money from ATMs
  3. Merchants who accept Visa and MasterCard will accept your card if it’s backed by Visa or MasterCard.
  4. You may earn cashback and other rewards when you use your crypto credit card.


Cons of a Crypto Credit Card

Although there are several benefits, there are also some cons to consider. For example, you might have to stake a significant amount of cryptocurrency in order to get a card. has a Visa Card that requires staking from $0 up to $400,000. If you stake zero, you’ll earn rewards of only 1%. But the more you stake, the more rewards you can earn. At the highest level, you can earn 8% in rewards.

Crypto Credit Card Popularity

Crypto credit cards are gaining popularity. Visa reported that cardholders spent over $1 billion using crypto credit cards in 2021. This trend is expected to grow as more people become interested in cryptocurrency.

If you have cryptocurrency, a crypto credit card is a convenient way to access your crypto for purchases. If you don’t yet have any crypto, getting started is simple. You’ll need an account with a reputable cryptocurrency exchange platform. Once you have an account, you’ll have to purchase cryptocurrency for your crypto portfolio. You’ll also need a crypto wallet.