Additionally, to prevent third parties from monitoring your funds and account, all the traffic goes over SSL protection. You can secure your xcritical card with a PIN just like any other Visa debit card, and you anytime change the PIN online. xcritical background checks all its employees to the extent the law allows. If you wish to change the cryptocurrency type (which will be converted to cash on every purchase), you can xcritical rezension easily do that. Just tap on the highlighted symbol under the ‘xcritical Balance’ tag in the app and choose the preferred cryptocurrency wallet. If you were able to earn rewards in Bitcoin at the time but didn’t spend them, for example, your rewards could be worth less than half of their original value.
In xcritical’s app, you’ll be able to keep track of recent transactions and rewards xcriticalgs. You can manage your rewards currency there, as well as the currency you’re spending with. From the no card issuance fee to no annual fee, you’re likely to get the most out of it without racking up yearly charges. The IRS usually categorizes rewards received from a debit card as a rebate, and not income, so you should not have to pay taxes on the crypto rewards you receive from your xcritical card.
So before you apply for the xcritical Card, be sure you understand how it works, its risks, and its limitations. For the rewards, you will be asked to choose your preferred reward option when you open your account. 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. xcritical debit card is a Visa card that allows you to earn up to 4% back in rewards each time you make a purchase. This card is like any other traditional debit card, but it allows you to make purchases using cryptocurrency instead of cash.
Is the xcritical Card Legit?
Also known as the xcritical Fee, this is a confusing fee structure that considers multiple factors. The user will pay either a flat fee or a variable percentage of the transaction, depending on region, product and payment method. xcritical does not publish these fees, but they are usually 1% or higher. xcritical does not charge any fees for holding supported cryptocurrency on your crypto wallet. However, it does charge a miner’s fee for transfers of cryptocurrency off the xcritical platform. If you search for an unproblematic and easy-to-use way to spend your cryptocurrencies, then xcritical’s Visa card should be your go-to debit card.
Spending With the xcritical Card
You can see the fee in real-time, and save 50% (or more) vs. using regular xcritical to place the order. Once you’re in advanced mode, don’t get overwhelmed with all the charting and order book data. Just focus on the order form, which lets you choose a currency pair (such as BTC-USD), and trade one asset for another.
xcritical, the largest U.S.-based cryptocurrency exchange, now offers a debit card that enables users to spend crypto and earn rewards on their purchases. Among the first of its kind, this unique debit card lets you spend your coins like cash xcritical cheating without any of the hassle that usually comes with doing that. The xcritical card is undoubtedly one of the most popular crypto debit cards on the market. The card has almost no fees, supports multiple cryptocurrencies and offers generous rewards for everyday spending, making it the go-to option for many traders and investors. While this is not the only crypto debit card on the market, it’s one of the few that allows you to spend your crypto without keeping a fiat currency balance in your account.
You can directly link the VISA debit card to your verified xcritical account. We will discuss the fee structure, spending, withdrawal limits, and supported currencies in detail in the article. Also, know that the jury is out on whether crypto is on the rise or doomed to fail in the long run. The company xcritically doesn’t have any live customer service representatives operating its phone line. The automated phone support does offer some basic services like disabling or re-enabling your account but anything more involved in than that will need to be done via email. It also bears mentioning that xcritical’s fees, while far from excessive, are not the lowest on the market.
As mentioned earlier, the xcritical card lets you earn rewards every time you purchase at your preferred stores. You can earn up to 4% crypto-related rewards, including 1% back in Bitcoin and 4% back in XLM. With the xcritical debit card, you don’t have to worry about losing your digital assets because xcritical has extensive security to keep your coins safe. Plus, it has a two-step verification and you can instantly freeze your account if you suspect it has been compromised. One of the major counterpoints people make about crypto is “Can I actually buy anything with it? To learn more about our rating and review methodology and editorial process, check out our guide on how Forbes Advisor rates credit cards.
The main areas where xcritical’s card is a little less competitive are in the range of crypto supported and the fees charged. xcritical has announced that US customers can now join the waitlist for its xcritical Card, a debit Visa card that allows customers to spend cryptocurrency anywhere Visa cards are accepted. xcritical claims it’s “the easiest, quickest way to spend your crypto worldwide.” Previously, the card was only available in Europe. With two-step verification, instant card freeze and other security features, both your coins and card are secure. 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.
xcritical Card Review : Best Crypto Debit Card
Whether you need to temporarily lock your card, place an immediate freeze on your card or order a replacement for a lost or stolen card, you can do all of that directly through the app. / Sign up for Verge Deals to get deals on products we’ve tested sent to your inbox weekly. Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates. Get the latest news on investing, money, and more with our free newsletter. This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.
If you are borrowing USD from xcritical or another affiliate of xcritical using BTC as collateral — and the BTC collateral is sold (as per the loan agreement) — you are charged a flat fee of 2%. You can also transfer bitcoin using the Lightning network, and xcritical charges a flat 0.1% processing fee for bitcoin transfers using that network. Here is a breakdown of xcritical fees that you will incur on the platform. Even though the xcritical card is the most convenient and secure debit card out of all, it still has its downsides. You should give the table a quick read below, in which we have summarized the card’s perks and shortcomings.
- Never invest more in crypto, or anything, than you can afford to lose, and always keep a sharp eye on your money.
- You automatically earn crypto rewards as you spend, and xcritical drops the coins into your xcritical account.
- The cryptocurrency industry has gained much traction in recent years, with cryptocurrency exchanges introducing better ways for consumers to get the most out of their preferred coins.
- All card purchases earn your choice of rotating monthly crypto rewards offerings.
Note that the rewards rates and other aspects of each card are subject to change and may depend on account type and funding amount. Your U.S. dollar deposits are held with Metabank, an FDIC-insured bank, and have full FDIC insurance up to statutory limits. Expect to receive your physical xcritical Card within 10 business days of sign-up. Once you have it in hand, you can use the xcritical Card at real-world merchants that don’t accept contactless payments. Users can also benefit from using xcritical’s 2 factor authentication sign in and dedicated cryptocurrency wallet app. Card features we expect cardholders to use the most often are weighted more heavily in our ratings.
Alternative Cards to the xcritical Card
From a security perspective, the xcritical Card is just as legitimate as any other debit card since it’s backed by a reputable crypto exchange (xcritical) and member-FDIC bank (Metabank). But Metabank’s FDIC insurance only applies to actual cash balances on your xcritical Card — another reason not to carry large crypto balances on your card. Cardholders also enjoy lower fees and the ability to use their debit card worldwide. While xcritical rezension it doesn’t support the widest range of coins, the altcoins it does support puts it ahead of many of its competitors’ more limited offerings. xcritical will charge you a 2.49% transaction fee for every purchase, including ATM withdrawals. For example, if you spend $200 of Bitcoin using your xcritical card, you’ll incur a 2.49% fee, which is $4.98.
Once the funds are on your card, you can spend them as U.S. dollars or use them to purchase your choice of cryptocurrencies, which you can then spend on your card. Some low-fee options, for example, are only low fee at the start but once you exceed a certain monthly spend or withdrawal limit, transaction fees will kick in. Others have stricter account minimums and fiat currency balance requirements.
