You can use crypto debit cards to spend your digital currency in the real world. It means you may spend Bitcoin and other crypto-assets in stores, online, and even withdraw cash from ATMs with the card.
We look at the finest crypto debit cards in the UK and explore what to look for when choosing a supplier in this article.
Top 5 Bitcoin Debit Cards in the United Kingdom
Following a survey of hundreds of providers in this market, we’ve compiled a list of the top crypto debit cards available in the UK.
- eToro Money Card is the best cryptocurrency debit card in the UK.
- Embily – Europe’s Best Prepaid Card with a Crypto Wallet
- Cryptopay – The Best Bitcoin Debit Card for Large Purchases in the United Kingdom
- Binance Visa Card – The Best Crypto Debit Card in the United Kingdom for Cashback
- Revolut – The Best Bitcoin Debit Card for Beginners in the United Kingdom
- Monolith – Best ERC-20 Token Debit Card in the UK
- Below are the Full reviews of the Bitcoin above debit cards
Full Reviews of the Best Crypto Debit Cards in the United Kingdom
There are numerous variables to consider while looking for the finest crypto debit cards in the UK. Consider what cryptocurrencies the card accepts as well as the fees you’ll be charged when using it online, in stores, and at ATMs. You should also check the card’s restrictions and, more importantly, whether the card’s source is real.
Taking everything into account, we’ve put up a list of the top Bitcoin debit cards in the UK.
eToro Money Card
eToro has the finest crypto debit card in the UK, according to our analysis. eToro is, first and foremost, an online brokerage firm registered and authorized by the Financial Conduct Authority (FCA). The Visa-issued eToro Money Card connects straight to your main eToro investing account.
In a word, this implies you can access your investment funds in the real world without going through the traditional withdrawal process. As a result, regardless of whether you own crypto, stocks, ETFs, or any other supported financial asset, the eToro Money Card can provide you with cash when you need it. You will avoid the 0.5 percent FX fee paid by the provider’s investment wing if you top up your eToro Money Card directly. Furthermore, there are no setup fees to obtain the card.
The eToro Money Card also comes with a personal bank account number and sort code, which we appreciate. It means you can send and receive money from bank accounts in the United Kingdom. You can use the card online, in-store, or withdraw cash from an ATM because Visa issues it. eToro also mentions that their UK crypto debit card offers extremely low exchange rates. Implying you can use the card even if you’re not in the United States.
In particular, eToro is a market leader when it comes to cryptocurrency. First and foremost, the platform – links your Bitcoin debit card – allowing you to purchase, sell, trade, and store 30 major digital currencies. It supports Bitcoin, Ethereum, XRP, Litecoin, EOS, Dogecoin, etc. Best of all, when you trade crypto with eToro, you have to cover the spread, which starts at 0.75 percent. Finally, any cash amounts on your eToro Money Card will be in separate bank accounts for your protection.
- Invest in cryptocurrencies only based on the spread.
- Visa has issued a cryptocurrency debit card.
- You can use the card in stores, online, or at an ATM.
- Fees are extremely minimal, and FX rates are extremely competitive.
- Obtain the account number and sort code for a UK bank account.
- The FCA, CySEC, and ASIC regulate the industry.
- Beginners will love it.
- Only available in the United Kingdom.
The Embily Card is ideal for anyone who wishes to feel safe when making purchases. Because Estonian financial authorities formally regulate the card, you may rest assured that your funds are secure. Notably, the parent firm (Embily OÜ) is Estonian.
The Embily card also has a slew of useful capabilities, like fast transactions and payments. So, why wait longer? Get your Embily Card now!
By linking your crypto wallet to an Embily Card, you may manage your funds in the same way you would with a traditional bank-issued fiat money debit card – paying in-store, online, or withdrawing from an ATM.
Embily has no hidden fees or currency rate fluctuations at the transaction time. There’s no need to keep any tokens on hand, and the card delivery is completely free (5 to 14 days on average).
Referral payments and bonuses of 0.1 percent for all future top-ups are also available through the company’s referral program. In addition, after their first deposits, referrals receive bonuses worth the same amount.
With Embily, you have all the advantages of traditional banking, plus the added flexibility and convenience of using your crypto debit card anywhere in the world. You can bank on your terms with Embily! Now is the time to get your Embily Card!
- Adding crypto to a card is straightforward.
- The money is converted to Euros and placed on your Embily Card.
- Eliminate hidden fees to save time and money.
- There’s no need to keep any tokens on hand.
- With no commission at the point of sale or online in Europe, you can save a lot of money on your purchases.
- There is no cash withdrawal fee from ATMs throughout Europe. The price is only 1.50 Euros.
- At the time of the transaction, the currency rate does not change.
- There’s no need to keep any tokens on hand.
- It has a lower monthly fee than many of its competitors.
- Users can connect up to five Embily cards to Apple Pay or Google Pay.
- Contact customer care via live chat 24 hours a day, seven days a week, to get answers to your questions.
- Free and quick delivery helps you save money.
- With Embily’s fair referral scheme, you can help individuals in need while also making it lucrative.
- Embily is an Estonian company that works within the European Union.
- The cards can only be issued to European people and can be used elsewhere in the world.
Cryptopay, a UK-based digital currency service provider, was founded in 2013, allowing you to purchase, sell, and trade cryptocurrency from the comfort of your own home. It includes purchasing cryptocurrencies using a debit card or a bank transfer from a UK bank account. Cryptopay also offers a full-featured Bitcoin debit card available in the United Kingdom and price in the currency.
It saves you money on foreign exchange fees when you fund your card. You will have no problems utilizing the Cryptopay debit card because Visa issues it. It applies to both online and in-store transactions and ATM withdrawals. This crypto debit card is most suited for large-scale investors, not least since it allows you to make a transaction in real-time.
It is where Cryptopay falls short when it comes to fees. For example, you will pay a fee of £5 to order the card and 1% to load funds onto it. It means that if you fund the card with £1,000 in cryptocurrency, you will pay a £10 fee. There’s also a £3.50 ATM fee per withdrawal, as well as a hefty 3% foreign exchange fee.
- Visa has authorized a crypto debit card with a transaction limit of up to £30,000.
- Multiple cryptocurrencies are supported.
- The transaction cost is 3%.
- You will pay a 1% card loading fee.
- ATM limits are limited.
- In the UK crypto scene, it isn’t well-known.
Binance Visa Card
If you’re looking for the finest crypto debit card for cashback in the UK, Binance is a good option. This service provider is the largest cryptocurrency exchange globally, with billions of pounds in daily trading volume.
It means you can trade digital currencies online with Binance for just 0.10 percent commission per slide. Because Visa issues the Binance debit card, you can use it at millions of stores and ATMs worldwide. An appealing feature of this card is earning cash back on every purchase.
The maximum reward rate is 8%, one of the highest we’ve observed. There is, however, a catch: you must own at least 600 BNB tokens, Binance’s supported cryptocurrency. At current rates of over $370 per BNB, that’s nearly $220,000 (around £160,000) in total! Your payback rate is simply 0.1 percent if you don’t have any BNB tokens.
- Cashback of up to 8% is available.
- Powered by the world’s largest bitcoin exchange
- There are no fees to order the card, and it connects to your primary Binance account.
- To receive 8% cashback, you must own 600 BNB tokens.
- When you don’t have any BNB tokens, you get a 0.10 percent cash back.
- Binance is no longer able to process withdrawals from UK banks.
- Transaction fees are difficult to comprehend.
Revolut may be the ideal Bitcoin debit card for you if you are a complete beginner seeking a user-friendly way to enter the cryptocurrency world. To begin with, Revolut is well-known in the United Kingdom as a challenger bank. You can use the mobile app to access UK banking services, including a unique account number and sort code.
You may also transfer and receive money worldwide using the Revolut app at affordable FX rates. Revolut’s crypto service allows you to invest in digital currencies directly from the app. It’s worth noting, though, that you won’t be able to withdraw your crypto assets from Revolut and into a private wallet.
However, because the crypto department links to your main Revolut account, it is a great Bitcoin debit card in terms of ease. For example, if you require cash, you may instantly sell your crypto to Revolut with the click of a button, and the funds will reflect in your account. Take notice that bitcoin buy/sells at Revolut are quite pricey, with the app charging 2.5 percent per deal.
- A well-known UK challenger bank
- Accounts in the United Kingdom and abroad
- Send and receive money with ease.
- From within the app, you may buy and sell cryptocurrency.
- Very simple to use
- You will pay a 2.5 percent commission to buy and sell cryptocurrency.
- You cannot withdraw cryptocurrency from Revolut to a private wallet.
- There are only a few crypto assets.
- Metal account holders get the best rates.
Monolith is the final crypto debit card to consider if you live in the United Kingdom. This Visa-issued card functions on top of the Ethereum blockchain via a secure smart contract.
This crypto debit card has no monthly cost; nevertheless, you will be charged a 1.75 percent commission on each purchase. It makes Monolith one of the most expensive products in this category. In addition, there will be a £1.75 ATM withdrawal fee and a 1% cost to top up your card. Limits: You can withdraw up to £350 each day from an ATM and have a maximum card limit of £500.
In the UK, we strongly recommend considering Monolith’s crypto debit card. With its smart contract, this Visa card operates on the Ethereum blockchain. Monolith cardholders can use it to spend not only Ethereum but hundreds of ERC-20 tokens as well.
There is o monthly cost with this crypto debit card; nevertheless, you will be charged a 1.75 percent commission on each purchase. Monolith is thus one of the more expensive products in this category. There is also a fee of £1.75 for ATM withdrawals and 1% for top-ups. In addition, there will be a £1.75 ATM withdrawal fee and a 1% cost to top up your card. The maximum withdrawal limit per day from an ATM is £350, and the maximum withdrawal limit per card is £500.
The Monolith crypto debit card also has the drawback of requiring gas fees. For those unfamiliar, it is the transaction fee charged by the Ethereum blockchain. The gas fees can be expensive during the peak hours of the Ethereum network. Since an Ethereum smart contract backs the Monolith card, you can expect an even bigger cost increase.
- A crypto debit card from Visa
- Powered by Ethereum smart contracts
- The service supports thousands of ERC-20 tokens
- The standard fees are somewhat expensive.
- Ethereum’s gas costs.
- Limits on credit cards are minimal.
- The Financial Conduct Authority (FCA) has no jurisdiction over this industry.
How to Pick the Best Crypto Debit Card in the United Kingdom
If you haven’t yet decided on the finest crypto debit card for your needs, this section will go through the most crucial factors to consider. It includes topics such as security, costs, restrictions, and trading features.
When you utilize a crypto debit card provider, you are putting your money in the hands of the platform. It could be in the form of cryptocurrency or ordinary currency. In any case, you should only use a crypto debit card that a reputable and trustworthy issuer supports.
The fact that eToro is authorized and controlled by the FCA is one of the key reasons we believe it is the best Bitcoin debit card in the UK. Furthermore, the platform has been in use since 2007 and presently has a global client base of over 20 million users. Unfortunately, the other crypto debit cards we studied earlier cannot match this solid regulatory structure.
Let’s be clear about it: there are various fees to consider when ordering your preferred crypto debit card. It might be a difficult process because fees vary depending on what you want to do with the card.
Here’s how to figure out what fees to look for when selecting the UK’s finest Bitcoin crypto debit card.
Fee for Setup / Order
Because you’ll be ordering a plastic crypto debit card, the provider will have to mail it to you. Most of the time, you’ll have to pay a delivery fee, which shouldn’t be more than £5-£10.
Whenever you load your crypto debit card, you will pay a fee. If you use a broker and have money in your account, you can avoid this. There is no load fee if you’re using the eToro Money Card and have money in your cash balance. However, there are services such as Cryptopay, which charge a 1% loading fee.
Fee for Purchasing
In the United Kingdom, certain crypto debit cards impose a purchasing fee. Monolith, for example, levies a whopping 1.75 percent purchasing fee.
Fee for using an ATM
Many providers may charge you a fee when you use your crypto debit card at an ATM.
- Your crypto debit card will most likely come with a variety of constraints.
- It could be related to
- The maximum amount of money you can store on your crypto debit card at any given moment.
- How much money can you get from an ATM every day or month?
- The purchased maximum amount.
- By completing an extended KYC process, you may be able to increase the limitations on your Bitcoin debit card in some situations. It implies you’ll have to supply some more documentation so the card company can comply with anti-money laundering regulations.
Trading services are, of course, available with the best crypto debit cards in the UK. It means you can purchase, sell, and digital trade currencies without having to open an account with a different service provider. The FCA-regulated broker eToro, for example, provides access to over 30 cryptocurrencies.
Importantly, the eToro Money Card is linked to the main eToro investment platform, allowing you to access all of your bitcoin trading needs from a single location.
Coins that are supported
Check to discover if your crypto debit card supports the digital currency you want to use. For example, if you order the Monolith card, it will only support coins developed on the Ethereum network. Other popular crypto assets, such as Bitcoin, Litecoin, Bitcoin Cash, and Dogecoin will be unavailable for storage.
How to Use the Best Crypto Debit Card in the UK – A Step-by-Step Guide
To round up this guide to the finest cryptocurrency debit cards in the UK, we’ll walk you through the setup procedure. Our course will be based on the eToro Money Card, which our researchers determined to be the best alternative available in the UK market.
Step 1: Register for an eToro account.
The first step is to sign up for an account with eToro. It will necessitate you to provide personal information, such as your name, address, and contact information.
Step 2: Confirm your identity
As part of the KYC process, you must also supply eToro with a copy of your passport or driver’s license. You must also submit a document that verifies your residential address. It could be a bank statement or an energy bill.
Step 3: Place an order for an eToro Money Card.
You can apply for the Money Card now that your eToro account has been authenticated.
Step 4: Make a deposit.
There must be funds in your account before using eToro Money Card in the real world. You can deposit funds on the main eToro platform using a debit/credit card, an e-wallet, or a bank account.
You can also transfer funds straight to your eToro Money Card via bank transfer. You must transfer funds to your unique UK bank account number and sort code, which you will receive with your eToro Money Card.
Step 5: Make Use Of The Card
You may use your eToro Money Card anywhere that accepts Visa once you’ve loaded it up with cash or cryptocurrency.
Final Thoughts on the Best Crypto Debit Cards in the UK
This article covered the top crypto debit cards in the UK. The alternative in this sector, according to our study, is eToro, which is authorized and controlled by the FCA.
The card not only accepts a wide range of digital currencies and personal UK bank account numbers and sort codes, but it also has some of the lowest costs we’ve seen. You can also purchase, sell, and trade over 30+ crypto assets on a spread-free basis because the eToro Money Card links to your primary eToro investment account.
Which Bitcoin debit card is the safest in the UK?
eToro has the best Bitcoin debit card in the UK, according to our research. The FCA regulates the brokerage that underpins the card, and all client monies are in separate bank accounts. The crypto debit card has personal bank account numbers and sort codes, allowing you to receive payments with a single click. Fees are also quite affordable.
Is it secure to use crypto debit cards?
It is dependent on the company. For example, the FCA, ASIC, and CySEC regulate eToro, so you know you’re getting a legal crypto debit card. On the other side, companies like Monolith are completely unregulated, so proceed with caution.
Is there a cryptocurrency debit card that is completely anonymous?
No, because of domestic and regional anti-money laundering legislation, neither Visa nor MasterCard would provide a card to a non-compliant entity. On the contrary, the only method to obtain a crypto debit card in the UK is to go through a KYC process, which requires you to upload a copy of your passport or driver’s license.
What is the greatest cryptocurrency debit card for foreign exchange fees?
After researching dozens of vendors, we discovered that the eToro Money Card is the best alternative for non-GBP transactions. It is due to the card’s incredibly competitive FX rates, making it excellent for usage while traveling abroad.