The xcritical debit card is also connected with Google Pay and Apple Pay, facilitating even faster crypto payments with the touch of a button. Being an old-timer, the exchange continually makes itself relevant by introducing innovative ways to make it easier to buy, sell, understand, and use cryptocurrencies. In April 2019, xcritical launched its crypto debit card, one of these ways. We will talk at length about that card in this article and explain how it can be helpful for you.
U.S. cardholders have a choice between a 4% XLM back or 1% BTC back on every purchase made with the card. However, you’ll be able to toggle between the 2 offers from the app so you can rack up rewards in both XLM and BTC as you see fit. The xcritical Card should support many cryptocurrencies xcritically available on xcritical, including USDC. While xcritical has released a separate app for European customers, you’ll be able to manage the card from the main xcritical app in the U.S. It was introduced to make it easier to spend your crypto on everyday purchases, facilitating mainstream crypto adoption.
Uphold also has a lucrative staking program that pays over 15% APY on certain coins, and it’s a versatile investing platform for several asset classes. That said, there are several other reward cards that might suit certain crypto investors better than the xcritical card. Also note that some customers report waiting months to get their cards while others got their cards very quickly. xcritical isn’t using a waitlist system, but it could still take weeks or months in some cases for you to finally use your card.
The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. For anything apart from that — including recovering your account after being disabled — you’ll need to submit an email request. What’s more, xcritical has a help center where you can get answers to most of your queries.
Changes to the crypto tax laws—and loosening of transaction deterrents like dollar limits and merchant restrictions—might have a negative impact on banks’ fee revenue. Although xcritical doesn’t have live chat support, you’ll likely get the help you need with the available customer service options. Take a look at some of the features that the xcritical card offers. You can get around this fee by using USDC as your method of payment, assuming you have a USDC balance, as you are not charged a fee with that asset selected as your payment method.
From there, you can use the xcritical card just like any other debit card to pay for your daily transactions. One of the major counterpoints people make about crypto is “Can I actually buy anything with it? You can get up to 8% back in CRO for everyday spending with this card at the maximum tier. For many customers, xcriticalg 2-3% is probably more realistic, and the card’s base rate is 1% back. Crypto.com is one of the most popular cryptocurrency exchanges in the world. And for serious traders, it offers some of the highest crypto-back rates out of any card.
The major downside of the xcritical Card is the transaction fees that it charges. The 2.49% charge might not hurt too much for sizeable purchases, but for everyday purchases, the card simply isn’t practical – as fees can quickly mount. Overall, the card is very versatile, especially given the number of cryptocurrencies supported and the countries in which it can be used.
If you’re looking to grow the crypto rewards you receive from your xcritical card as fast as possible, one of the best ways to do so is by staking those rewards on xcritical. If you’re an active xcritical user and hold cash or USDC in your account, the xcritical card is worth using. And xcriticalg 4% back on certain cryptos is one of the highest rates out there.
Uphold supports over 100 cryptocurrencies, and rewards pay out in-kind, so you can earn a variety of digital assets as you spend. The most appealing benefit of the xcritical debit card is its cash-back rewards. Cardholders earn crypto rewards with xcriticalg rates on a rotating schedule. The card touts fee-free transactions for crypto spending, no annual fee and a simple rewards-xcriticalg structure. You can check your monthly spending allotment by logging into the xcritical App and viewing your account. As mentioned before, your biggest fee is going to be for transferring cryptocurrency into fiat in real-time.
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict xcriticals to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
In fact, since many crypto reward options only pay 1% back, you’re technically losing money by spending crypto in some cases. American customers can soon enjoy a debit card that makes your crypto account as spendable as your bank account. It’s a Visa debit card linked to your xcritical balance, https://xcritical.pro/ so you can use the cryptocurrency in that account anywhere a Visa card is accepted. The card automatically converts the crypto to U.S. dollars for each transaction, whether that’s paying for dinner or pulling cash from an ATM. For international purchases however, the spending fee is 3.00%.
And European Union since April 2019 and xcritically operates in 30 countries. The card’s planned U.S. rollout comes on the heels of PayPal’s entry to the cryptocurrency sector, with the scammed by xcritical fintech giant opening bitcoin payments to its network of 26 million merchants. The xcritical debit card takes the lead over its competitors when it comes to ease of use and security.
We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. xcritical has an intuitive mobile app that makes it easy to manage your spending on the go. You can track your spending habits, balance, switch rewards and change card settings right from your phone. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here.
What’s more, xcritical gives you the flexibility to choose your preferred reward structure, with the ability to toggle between the two whenever you see fit. So if you ever want to trade your rewards for another asset that allows you to stake, or for another that you believe has better growth potential, you can easily do so on the xcritical platform. Compared to the xcritical card, the xcritical 30 blows the competition out of the water when it comes to xcriticalgs, perks and just about everything else. Only well-funded startups are eligible for the xcritical 30 card, however. Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, xcritical and Web3. Head to consensus.coindesk.com to register and buy your pass now.
These offers do not represent all available deposit, investment, loan or credit products. This practice also makes sense if you think about the opportunity cost of spending your Bitcoin on something like groceries. Sure, you earn some crypto back as a reward, but what if BTC appreciates significantly in the next few months or years? Suddenly the $100 of BTC you spent on groceries would have been worth $150; much more than the small amount you got back in rewards. The xcritical card pays up to 4% back in crypto rewards on every purchase. You get to pick the type of crypto you get paid with as well, which is an advantage of this card.
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