💳 7 Best Bitcoin Debit Cards in the UK 2020

7 min read

When Laszlo Hanyecz paid 10,000 bitcoins for two pizzas in 2010, it kickstarted the use of the cryptocurrency in real-life transactions and has led up to the advent of today’s bitcoin debit cards.

Bitcoin pizzas

Have you ever paid for something using a bitcoin debit card?

Some are merely content with buying and holding cryptocurrencies to sell them for a lot more in the future. But one might argue that if you have plenty of digital assets, you also want to be able to spend them when the need arises.

Enter bitcoin debit cards.

What is a Bitcoin debit card?

Many merchants do not directly accept bitcoin or cryptocurrencies as a method of payment. Since most of them prefer to receive fiat for their goods and services, there had to be a way for cryptocurrency holders to still pay with their digital assets.

A Bitcoin or cryptocurrency debit card allows users to shop online or offline while using their cryptocurrency assets to pay. The market price of the assets at the time of the purchase is used to convert them to fiat and then used to settle the transaction.

Now, that you understand how a Bitcoin debit card works, you may wonder what are the best crypto debit cards in the UK.

For the rest of this article, we’ll review the best bitcoin debit cards available to UK users. Next, we’ll share some information about how to choose from the various options available, and how to get started with the card.

Best crypto debit cards in the UK

1. Wirex Bitcoin Debit Card

Wirex card

Type: (Visa, MasterCard (coming soon))

Cost of Issuance: Free

The country where the company registered: London, United Kingdom

Commissions

  • The monthly maintenance fee is €1.20 or €14.4 annually
  • Cash withdrawals in Europe cost €2.25 plus 3% of the transaction value
  • Debit card payments in Europe attract a fee worth 3% of the transaction value.
  • Debit card payments in foreign currency cost €2.25 and 3% of the transaction value.

Supported currencies: EUR, GBP, SGD, etc.

Supported cryptocurrencies: Bitcoin, Litecoin, Ethereum, XRP, WAVES, WLO, DAI, NANO, XLM, WXT.

Cashbacks: 1.5% in Bitcoin for all in-store purchases

Verification required: Yes.

Launched in Europe in 2018, the Wirex crypto debit card is one of the most widely UK bitcoin debit card used in the UK. It offers instant crypto-to-fiat and fiat-to-fiat conversions, among other benefits. Wirex is teasing the release of its Mastercard cards soon.

2. MCO Visa Card

MCO Visa Card

Type: Visa

Cost of Issuance: The basic MCO Visa card is Free. Other cards require staking different amounts of CRO, Crypto.com’s crypto token.

The country where the company is registered: Hong Kong, HK.

Supported Currencies: EUR, GBP, SGD, HKD, AUD, JPY.

Supported Cryptocurrencies: Bitcoin (BTC), Crypto.com Coin (CRO), Ethereum (ETH), Litecoin (LTC), XRP, Basic Attention Token (BAT), Binance Coin (BNB), and many more.

Monthly ATM Withdrawal Fee: 2% of the transaction after a user exceeds the monthly no-fee withdrawal limit.

Interbank Exchange Fees: 0.5% after a user exceeds the monthly free limit.

Cashbacks: 1% paid in CRO and up to 8% for premium cardholders.

Verification Required: Yes

The MCO Visa Card is issued by popular cryptocurrency company, Crypto.com, formerly known as Monaco. It is issued by Payrnet for UK users and is available in a variety of colours that the company uses to differentiate the tiers of benefits attached.

3. Coinbase Crypto Debit Card

Coinbase debit card

Type: Visa

Cost of Issuance: £4.95

Country Where the Company is Registered: United States

Commissions

  • All domestic purchases are free.
  • Domestic Withdrawals attract a fee of 1% of the transaction amount for transactions above £200.
  • International withdrawals attract a fee of 2% of the transaction amount for transactions above £200.
  • To liquidate their crypto holdings, users pay a liquidation fee worth 2.49% of the transaction amount.

Limits

  • The daily spending limit is £10,000
  • The daily ATM withdrawal limit is £500

Supported Currencies: EUR, GBP, USD.

Supported Cryptocurrencies: BTC, ETH, LTC, BCH, XRP, BAT, REP, ZRX, and XLM.

Verification Required: Yes

The Coinbase crypto debit card is issued by Paysafe and arguably offers the same grade of security and convenience as the Coinbase cryptocurrency exchange. However, fees are relatively cheaper when you use other bitcoin debit cards.

4. CryptoPay

CryptoPay debit card

Type: Visa

Cost of Issuance: £5

Country Where the Company is Registered: London, United Kingdom.

Commissions

Monthly management fee: £1

Cash withdrawal in card currency: £2.50

Cash withdrawal in foreign currency: £3.50 plus 3% of the transaction amount.

Limits

  • The maximum card balance is £45,000 or €50,000
  • The limit for a single transaction is €30,000
  • The daily withdrawal limit is £400 or €450

Supported Currencies: GBP, EUR, USD.

Supported Cryptocurrencies: BTC, LTC, XRP, ETH

Cashbacks: No

Verification Required: Yes

The CryptoPay card (C.Pay card) is ideal for use in online transactions and big purchases. The card is available in virtual or physical form and is issued by Wirecard.

5. Revolut Bitcoin Debit Card

Revolut debit card

Type: Mastercard

Cost of Issuance: Free. £12.99 a month for the Revolut Metal card.

Country Where the Company is Registered: London, United Kingdom.

Commissions

  • 2% of the transaction size for international cash withdrawal
  • No Fee ATM Withdrawals up to £800 for the Revolut Metal

Limits

  • Fiat currency conversion up to £1,000 per month for free cardholders
  • There is no monthly fiat currency conversion for Premium and Metal Card holders.

Supported Currencies: EUR, GBP, USD and more.

Supported Cryptocurrencies: Bitcoin, Litecoin and Ethereum.

Cashbacks: 1% outside Europe and 0.1% in Europe

Verification Required: Yes.

The Revolut Bitcoin debit card comes with a free UK account and is ideal for travellers because of the numerous benefits it offers across trips. These include no limit foreign exchange transactions, overseas medical insurance, winter sports coverage, and many more.

6. AdvCash

AdvCash bitcoin debit card

Card Type: Visa

Cost of Issuance: €14.99

The country where the company is registered: Belize City, Belize (Formerly, British Honduras)

Commissions

  • No monthly or annual maintenance fees
  • Stablecoin transaction fees are fixed at $1 while crypto transaction fees are charged based on Advcash’s internal exchange rate.
  • Purchases in card currency are free.

Limits

  • Daily withdrawal limit €3000

Supported Currencies: GBP, EUR, USD, and more.

Supported Cryptocurrencies: BTC, ETH, LTC, BCH, XRP, ZEC

Cashbacks: No.

Verification Required: Yes.

The Advcash bitcoin debit card is a prepaid card ideal for regular transactions given the absence of a monthly maintenance fee associated with some of the other cards we’ve listed so far. Advcash also boasts a partnership with leading cryptocurrency exchange Binance, allowing users to access certain Binance features such as buy and sell crypto directly from their Advcash account.

7. Monolith Ethereum Debit Card

Monolith Bitcoin debit card

Type: Visa

The country where the company is registered: London, United Kingdom.

Cost of Issuance: Free

Commissions

  • Zero fees on fiat to crypto conversions
  • ATM withdrawal fee £1.20
  • Non-Europe ATM withdrawal fee £1.75
  • Card top-up fee £1 or free when done with DAI and TKN.

Limits

  • £7500 daily spend limit
  • Daily cash withdrawal limit £350
  • Card balance limit £7500

Supported Currencies: GBP and EUR

Supported Cryptocurrencies: Ethereum and select ERC-20 tokens (DAI, SAI, MKR, etc.)

Cashbacks: 1% payback to TKN holders

Verification Required: Yes

Monolith’s Ethereum debit card is a first of its kind debit card that finds primary use among cryptocurrency investors plying their trade in the decentralised finance (DeFi) space. Contis Financial Services issue the card.

How to Choose The Best Bitcoin Debit Card

As you may have discerned, choosing the right bitcoin debit card options from the above list would depend on several factors.

For instance, individuals who only need a crypto debit card handy for emergencies will opt for those that do not incur monthly or even annual fees such as Advcash. On the other hand, DeFi enthusiast would prefer the Monolith’s Ethereum debit card, while average spenders can make do with the Coinbase bitcoin debit card.

Thus, we recommended that you carefully evaluate your reasons for wanting to have your crypto spendable, and then decide accordingly.

Ordering the Card

The process for ordering your card usually includes creating an account with your preferred bitcoin debit card provider and verifying your identity. Once the process is complete, you can place the order and complete the payment via any of the support fiat or cryptocurrencies.

Depending on your location, crypto debit cards are delivered typically to your designated address within five to seven business days after the order placement.

Using the Card

You can typically use cryptocurrency debit cards for any of the following activities:

  • Buying and selling cryptocurrency
  • Foreign currency conversions
  • Online and in-store shopping

Upon receiving your ordered card, you’ll be typically provided with a pin in the enclosed letter to activate it. You can activate the card for usage via the provider’s mobile app or website portal, after which you can start using the bitcoin debit card.

As long as you abide by security standards for using bank cards, you should have little or no challenge with using crypto debit cards. They work almost in the same way as traditional cards with the only difference being that you’re spending crypto instead of fiat.

Conclusion

In this article, we explained how a bitcoin debit card works and also provided a list of the best bitcoin debit cards in the UK.

As demands for ways to conveniently spend cryptocurrencies continue to rise, one might correctly predict that crypto debit cards will eventually become a famous sight. After all, even those simply holding cryptocurrencies to sell at a higher price will ultimately have to spend or sell them at some point.

Perhaps, the bottom line would be to avoid repeating the Laszlo Hanyecz while at the same time playing a part in promoting the mainstream adoption of cryptocurrencies.