keepitsimple guide to
Fact: Anything you can buy with regular money you can buy with crypto. It may take an extra step or two today, but in the future it will likely become easier.
There are other ways including businesses that accept crypto but this is the most familiar
This section is one that will grow over time as the various ways to spend crypto become easier but for now, the best way we've found is through
A Crypto Backed Debit Card
Find a wallet solution that offers a "Crypto Debit Card" and sign up for one
Many of these debit cards are oversubscribed so you may need to get on a waitlist
There are a few out there:
Crypto.com Visa Card (Personal Favorite)
Nexo Card (coming soon)
Gemini Card (coming soon)
In most cases, you will likely need to sign up for the provider's crypto wallet in order to get the debit card.
Receive your card
Some providers like blockcard allow you to have both ayour "virtual" card and a physical card
After successful sign up, most providers will send you a card in the mail.
The card looks, acts, feels just like any regular visa or mastercard bank debit card. You and merchants cannot tell any difference. The difference is behind the scenes.
Fund your debit card with crypto
Some platforms will actually allow you to fund your debit card with regular money from your bank account too
You will need to fund the debit card account with crypto.
You can do this by accessing the providers website where you signed up, logging in and sending crypto to an address provided by the card provider.
See our Send or Receive Crypto guide for instructions on sending and receiving crypto.
Make funds available to spend
The card pays merchants regular money but the provider allows the users to fund it with crypto
This is where the magic happens
All the platforms do it differently but...Once you have deposited crypto, there is usually a step or two required to convert the crypto to cash for spending. For example
When you swipe, blockcard automatically converts your crypto to cash that the merchant can use
Crypto.com on the other hand requires you to sell your crypto for cash and move it to the "Card" account where it can be spent
Methods may vary by provider
Swipe your crypto debit card at any merchant
It's only a matter of time before this becomes even simpler...Stick with it! The best is yet to come
Once your card is funded, and funds are available to spend you can swipe your card at any merchant that accepts the network (i.e. visa or mastercard) supporting the card