Best Crypto Visa Card in Australia
In Australia, crypto Visa cards are becoming a popular choice for those looking to spend their digital asssets easily and efficiently. These cards bridge the gap between the digital and traditional financial worlds, allowing users to convert their crypto holdings into fiat currency seamlessly for daily purchases.
But with several options available, finding the best crypto Visa card can be daunting. Card providers often have poor reviews due to potentially misleading cashback offerings, or poor customer service, making it difficult to find a reliable option.
This guide aims to help you navigate through the top choices, their features, fees, and benefits, so you can make an informed decision.
Let’s get started!
Table of Contents
Top Crypto Visa Cards in Australia
Factors to Consider When Choosing a Crypto Visa Card
What is a Crypto Visa Card?
A crypto Visa card functions similarly to a traditional debit or credit card, but instead of drawing funds from a bank account, it uses your cryptocurrency holdings. When you make a purchase, the card automatically converts your crypto into fiat currency at the point of sale. This makes it easy for crypto enthusiasts to spend their assets without the need to manually exchange them beforehand.
Benefits of Using a Crypto Visa Card
- Convenience: Use your cryptocurrency for everyday transactions without having to convert to fiat manually.
- Speed: Instant conversion of crypto to fiat at the time of purchase.
- Flexibility: Supports various cryptocurrencies, giving users more options.
- Rewards: Many crypto Visa cards offer cashback or rewards in crypto.
Top Crypto Visa Cards in Australia
When choosing a crypto Visa card, it’s essential to consider factors such as fees, supported cryptocurrencies, ease of use, and security features. Here are the top crypto Visa cards available in Australia.
Grineo Card Review
The Grineo Card is designed for users looking to easily spend their digital assets. Focusing on customer support, the card is aimed to be reliable and straighforward way to cash out of Web3 assets.
The Grineo Card is not a crypto card, but rather a stablecoin card issued by Visa. The app supports conversion and storage of BTC, ETH, USDT, and ETH, and the card supports stablecoins like USDT and USDC. It can be used for online and offline purchases, as well as ATM withdrawals for instant stablecoin-to-cash conversion.
Key Features
Excellent customer service focused specifically on the Australian audience, solving a common paint point for digital assets users. The Grineo app supports USDT, USDC, BTC, and ETH, allowing users to manage their digital assets flexibly. The card supports USDT and USDC. Stablecoins are converted to fiat money instantly at the point of sale, providing a seamless transaction experience.
Issued by Visa, the card can be used worldwide at almost any location that accepts Visa cards.
Fees
Transaction fee: 1% per transaction.
ATM withdrawal fee: 1% per withdrawal within Australia.
No monthly management fees: The card has no ongoing maintenance fees, making it cost-effective for regular use.
Pros
Low fees: Competitive transaction and withdrawal fees.
Wide acceptance: Usable at any Visa-accepting location worldwide.
Ease of use: Seamless integration with major digital wallets and instant conversion to fiat.
Excellent customer service.
Cons
Limited to Australian residents: Currently, the Grineo Card is only available to residents of Australia.
Support for additional cryptocurrencies: While the card supports major stablecoins, the range of supported digital assets is still growing.
Bitpay Visa Card Review
The Bitpay Visa Card is designed for easy spending of cryptocurrencies in Australia and worldwide. It supports a variety of cryptocurrencies and offers a straightforward user experience. Bitpay has a very low TrustPilot rating from its users at just 1.3 stars out of 5.
Key Features
Supports Bitcoin, Ethereum, and other major cryptocurrencies. It allows for instant conversion to AUD at the point of sale. There are no monthly or annual fees for using the card, but transaction fees do apply. Binance also has a secure mobile app.
Fees
No issuance fee, no monthly maintenance fee, low conversion fees.
Pros and Cons
Pros: No maintenance fees, broad crypto support, easy to use.
Cons: Limited to users who need a straightforward, no-frills card.
CoinJar Card Review
The CoinJar Card offers an easy way to spend your cryptocurrencies directly from your CoinJar account. Known for its user-friendly interface and robust support for various cryptos, it’s a solid choice for many Australians.
Key Features
Supports 29 cryptocurrencies including Bitcoin and Ethereum. Real-time conversion at competitive rates, integration with CoinJar wallet for seamless management, and available as both a virtual and physical card.
Fees
Issuance fee applies, no monthly fees, average transaction fees of 1%.
Pros and Cons
Pros: Integration with CoinJar wallet, wide crypto support, virtual and physical card options.
Cons: Issuance fee, requires a CoinJar account.
Crypto.com Visa Card (CRO)
The Crypto.com Visa Card became one of the most popular options due to its extensive benefits and rewards program, and can allow users to earn crypto rewards while spending their digital assets. It’s worth noting that the rewards system is complicated, and rewards are not guaranteed.
Crypto.com slashed their rewards in 2022, causing the CRO token price to plummet and prompting many users to leave the platform. Users on the company subreddit now state that it’s necessary to spend tens of thousands of dollars to make money from the cashback rewards, with the highest tier requiring $600,000 AUD worth of CRO tokens to access.
Crypto.com is a popular option in Australia, but TrustPilot reviews have dropped to just 1.5 stars due to issues with customer support and the opaque fee system.
Key Features
Supports 19 cryptocurrencies and pays cashback rewards in CRO tokens. There are no annual or monthly fees. It offers additional benefits like free Netflix and Spotify for premium cardholders who stake high amounts of native CRO tokens.
Fees
No issuance fee, no annual or monthly fees, variable transaction fees depending on card tier.
Pros and Cons
Pros: Cashback rewards, no monthly fees, additional perks for premium tiers.
Cons: Requires staking CRO tokens for higher-tier benefits. The system for cashback, as well as how many fees are being charged, is very unclear according to the negative reviews of the service on TrustPilot.
Wirex Card Review
Wirex Card offers a mix of crypto and traditional currencies, making it a versatile choice for users. It supports a variety of cryptocurrencies and offers competitive exchange rates. The customer service page for Wirex has just 1.5 stars, indicating that users are not happy with the level of service.
Key Features
Supports multiple cryptocurrencies and fiat currencies with instant in-app exchange between crypto and fiat. Users can earn rewards in WXT tokens. However, the highest tier of rewards requires users to stake approximately $80.000 AUD worth of WXT tokens.
Fees
Issuance fee applies, no monthly fees, low conversion and transaction fees.
Pros and Cons
Pros: Multi-currency support, rewards in WXT, competitive fees.
Cons: Issuance fee, rewards limited to WXT tokens.
Binance Visa Card Review
The Binance Visa Card is an excellent choice for those who use Binance for trading and want to utilize their crypto holdings for everyday purchases. It offers competitive rates and rewards in BNB tokens. Binance has had ongoing issues with its customer support, with users ranking it at just 1.7 stars out of 5.
Key Features
Direct integration with Binance account and supports a wide range of cryptocurrencies. Users can earn cashback rewards in BNB tokens.
No monthly or annual fees.
Fees
No issuance fee, no monthly fees, low transaction fees.
Pros and Cons
Pros: Integration with Binance, no monthly fees, cashback in BNB.
Cons: Best suited for Binance users, rewards tied to BNB.
Comparison Table
|
Card |
Supported Cryptos |
Fees |
Rewards |
Key Features |
|
Bitpay Visa Card |
BTC, ETH, and other major cryptos |
No issuance, no monthly fees, low conversion fees |
None |
Instant conversion to AUD, secure mobile app |
|
CoinJar Card |
BTC, ETH, and multiple cryptocurrencies |
Issuance fee, no monthly fees |
1% fee returned as CoinJar Points |
Integration with CoinJar wallet, virtual and physical options |
|
Crypto.com Visa |
Wide range of cryptos |
No issuance, no monthly fees, variable transaction fees based on card tier |
Cashback in CRO tokens, additional perks for premium tiers |
Cashback rewards, no monthly fees, additional perks for premium tiers |
|
Wirex Card |
BTC, ETH, XRP, multiple cryptos and fiat currencies |
Issuance fee, low conversion and transaction fees |
Rewards in WXT tokens |
Multi-currency support, instant exchange, secure platform |
|
Binance Visa Card |
BTC, ETH, BNB, and more |
No issuance, no monthly fees, low transaction fees |
Cashback in BNB tokens |
Integration with Binance account, wide range of supported cryptos |
| Grineo Card | USDT, USDC | No issuance, no monthly fees, low transaction fees at just 1% | None | Cash out instantly at stores or ATMs, enjoy reliable customer service and an easy-to-use app |
Factors to Consider When Choosing a Crypto Visa Card
Let’s take a look at some of the main factors that enter into choosing the best crypto visa card in Australia.
Fees and Charges
When selecting a crypto Visa card, it’s crucial to evaluate the various fees associated with it. These can include issuance fees, monthly or annual maintenance fees, transaction fees, and conversion fees. Some cards have no monthly fees, making them cost-effective options for regular use. It’s important to compare these fees to ensure you choose a card that aligns with your budget and usage frequency.
Supported Cryptocurrencies
The range of cryptocurrencies supported by the card is another vital consideration. If you hold a variety of cryptocurrencies, you’ll want a card that supports multiple coins. This provides greater flexibility in spending your digital assets. Cards that support a wide range of cryptocurrencies allow you to use different assets without needing to convert them first, enhancing convenience and versatility.
Rewards and Benefits
Many crypto Visa cards offer rewards programs, typically providing cashback in cryptocurrency. These rewards can be in the form of tokens or coins, adding value to your everyday spending. Some cards also offer additional perks like free subscriptions to popular services for premium cardholders. These benefits can significantly enhance the value you get from using the card, especially if you are a frequent user.
Ease of Use and Customer Support
The user experience, including the ease of managing and topping up the card, is a critical factor. Cards that integrate seamlessly with popular cryptocurrency wallets or exchanges can offer a smoother user experience. This integration can facilitate easy transfers and management of your funds. Additionally, good customer support is essential for resolving any issues quickly and efficiently, ensuring a hassle-free experience.
Security Features
Security is paramount when dealing with cryptocurrencies. Look for cards that offer robust security features such as two-factor authentication, secure storage for funds, and real-time transaction monitoring. These features help protect your assets from unauthorized access and fraud, providing peace of mind when using your crypto Visa card.
Final Thoughts
Choosing the best crypto Visa card in Australia depends on your specific needs and preferences. Grineo was designed to solve the prevalent customer support issues that appear to be rampant among crypto users, and our stablecoin card launches in July of 2024 to allow users to spend and withdraw USDC and USDT like cash, anywhere in the world.
