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A crypto debit card is account multiple data points for our partners who compensate us.
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A crypto debit card is account multiple data points for our partners who compensate us.
Credit Cards Julie Sherrier. If you already hold some form of cryptocurrency, you may be wondering how and where to spend your digital funds in the real world. Pros and cons of crypto debit cards Pros : Ability to spend cryptocurrency like fiat currency Reduced or waived foreign conversion fees Generally multi-currency allows diversified spending Some cards offer significant cash-back rewards in crypto ATM withdrawal fees can be waived by some issuers Cons : Spending cryptocurrency triggers a taxable event Some geographical restrictions apply You must have balance in your wallet to spend Bridging the gap between traditional finance and cryptocurrency It is just over a decade since bitcoin was first introduced. Here are the cons of a Bitcoin debit card: Many cards charge fees.
