4 Best Crypto Debit Cards In Australia (May 2022)

April 25, 2022
Blog

As a long-time crypto aficionado, I constantly keep up with the latest and greatest crypto debit cards coming out every day, always looking for the lowest fees and best features. I’m confident these recommendations are currently the best crypto cards available in Australia.

Overall, our top pick for a crypto debit card is the Crypto.com Visa® Debit Card. It is a multi-currency card that supports 90+ cryptocurrencies, 20 fiat currencies, and a cashback rate of 8% – and it comes with free subscriptions to popular streaming services.

1. Crypto.com Visa® Debit Card

The Crypto.com Visa® Debit Card is a debit card that functions like regular prepaid cards. The main difference is that it can be topped not only with bank transfers and other credit or debit cards but also with cryptocurrencies. It supports over 90 of the largest cryptocurrencies and 20 fiat currencies.

There are five Crypto.com Visa card tiers, ranging from $1 AUS to $500,000 AUS, and seven colourful cards to choose from. The Crypto.com debit card fully embraces the crypto revolution – all rewards are paid out in CRO, Crypto.com’s native currency, and deposited directly to your Crypto.com Wallet App. 

To encourage the use of their native coin, CRO holders get bonus rewards – starting with cashbacks on every purchase, ranging from 1% to 8%. Additional perks include free yearly subscriptions to streaming services like Spotify, Netflix, and Amazon Prime, and rebates on Expedia and Airbnb. 

Features

  • From 1% to 8% cashback on all purchases
  • Supports 90+ Cryptocurrencies 
  • Supports 20+ Fiat currencies
  • Airport lounge access 
  • Seven Metal cards
  • Free subscription: Spotify, Netflix, and Amazon Prime

Cost

  • ATM Withdrawal Fee (monthly limit): Free (From $200 to $1,000/month)  
  • ATM Withdrawal Fee (over monthly limit): 2%
  • Monthly Fees: Free
  • Issuance Fees: Free

Signup Bonus

$25 bonus when you sign up using this link.

Best For

Investors looking for a card that supports a wide range of crypto and with a lot of perks.

2. CoinJar Mastercard® Debit Card

The CoinJar Mastercard® Debit Card is a debit card linked to the CoinJar crypto exchange. It works by instantly exchanging your crypto for a fiat currency at the moment you make a purchase or payment; you can freely pick which crypto to use, and you can change it at any time from the app.

The CoinJar Mastercard doesn’t have tiers – instead, it uses a reward system that awards 100 CoinJar Points for every $1 AUD spent. CoinJar Points can be used to pay transaction fees and services or exchanged for rewards like gift cards. CoinJar supports 40+ cryptocurrencies.

CoinJar offers a digital and a physical card; the digital card can be activated in seconds right from the app, and it is accepted on Apple Pay and Google Pay. The physical doesn’t charge issuance fees and can be used to withdraw cash from ATMs or pay using the Mastercard network.

Features

  • Earn CoinJar Reward Points on every purchase
  • Make purchases in-store and online
  • Supports 40+ cryptocurrencies
  • Withdraw money from ATMs
  • Instant digital card activation

Cost

  • Online and in-store purchases: 1%
  • CoinJar Physical Card: Free
  • CoinJar Digital Card: Free
  • Card Issuance Fees: Free
  • ATM Withdrawals: 1%
  • Monthly Fees: Free

Signup Bonus

500 CoinJar Points bonus when you sign up using this link.

Best For

Investors looking for a physical crypto debit card – backed by an exchange – and an attractive reward system.

3. Wirex Visa® Debit Card

The Wirex Visa® Card is a multi-currency debit card that seamlessly merges fiat currencies and crypto assets into one platform. It supports 16 fiat currencies, including AUD, BGP, CAD, and USD, and over 150 cryptocurrencies, including BTC, ETH, and LTC.

Wirex offers three plans: Standard, Premium and Elite, and all three plans earn Cryptoback on all purchases, the equivalent of cashback but for crypto. Depending on the plan, you can earn up to 2% cryptoback – keep in mind this applies for online and in-store purchases, and rewards are paid in WXT, Wirex’s native token.

To encourage the use of their native coin, WXT holders get enhanced rewards – starting with increased cryptobacks rewards for up to 8%, and a 12% interest rate on your WXT balance, paid out annually. Wirex users can withdraw up to €400/mo from ATMs – additional withdrawals incur a 2% fee. 

Features

  • From 0.5% to 2% Cryptobacks (8% for WXT holders)
  • Automatic FX exchanges and transfers
  • Up to 16% interest on WXT balance
  • Supports 150+ Cryptocurrencies
  • Supports 16+ Fiat currencies
  • Multi-Currency Debit Card

Cost

  • Standard Plan: €0/mo
  • Premium Plan: €9.99/mo
  • The Elite Plan: €29.99/mo
  • Foreign Exchange Fees: Free
  • Monthly Maintenance Fees: Free
  • ATM Withdrawal Fee (€400 limit): Free
  • ATM Withdrawal Fee (Over monthly limit): 2%

Signup Bonus

$10 USD worth of WXT bonus when you sign up using this link.

Best For

Investors looking for a Multi-Currency debit card with attractive cryptoback and interest rates.

4. CryptoSpend Visa® Debit Card

The CryptoSpend Visa® Debit Card is an Australia-based debit card that offers a digital and a physical card crypto debit card; the digital card can be activated instantly and is compatible with Google Pay and Apple pay; the physical card is accepted everywhere the Visa network is accepted.

The CryptoSpend Debit Card links up with the CryptoSpend Wallet to support five cryptocurrencies: BTC, ETC, LTC, XRP and BCH. This is how it works: when you’re making a purchase, CryptoSpend finds the best rates for your crypto across many exchanges and sells it; the merchant receives fiat.

CryptoSpend is hosted on Amazon Web Services, and your information and crypto assets are kept fully encrypted and in cold storage. Unlike most crypto debit cards, CryptoSpend doesn’t charge any subscription or other fee, besides the one-time issuance fee – they make money from trading spreads.

Features

  • Supports 5 cryptocurrencies
  • One-time fee ($4.99 or $14.99)
  • 95% of assets are kept in cold storage
  • Crypto assets are stored in cold storage
  • Compatible with Google Pay and Apple Pay
  • Automatic conversion to fiat when purchasing
  • Supports: PayID, BSB, Account Number and Aussie Bill

Cost

  • CryptoSpend Physical & Digital Card: $14.99
  • CryptoSpend Digital Card: $4.99
  • Monthly Fees: Free
  • Transaction Fee: Free
  • FX Exchange Fees: Free
  • ATM Withdrawal Fee ($500/day): Free  

Signup Bonus

There is no referral code available right now.

Best For

Investors looking for a very secure basic crypto debit card that supports the biggest cryptocurrencies.

What To Look For In The Best Crypto Debit Cards In Australia

When comparing crypto debit cards, there are a few characteristics to consider. These include:

Fees: There are costs associated with some crypto debit cards, but not all of them. These might include monthly maintenance, foreign transaction, and ATM withdrawal fees. Look for a card that charges as few of these fees as possible.

Rewards: Crypto debit cards sometimes provide perks such as cryptocurrency cashback. These incentives may significantly increase your earning potential, so seek cards with generous cashback if you want to make the most of them.

Supported Currencies: Not all crypto debit cards support more than one or two crypto tokens. Make sure to pick a card that supports your preferred cryptocurrency type.

Availability: Some crypto debit cards are only available in specific regions, such as the European Union or the United States. Look for a debit card that works in your area.

Other perks: Perks are a welcome addition to crypto debit cards. These can range from basic benefits like free Spotify memberships to more advanced ones such as complimentary ATM fees.

FAQs

Is It Legal To Buy And Trade Crypto In Australia?

Yes, cryptocurrency is legal in Australia, and you can buy, sell and use crypto without breaking the law. However, cryptocurrency is not currently considered legal tender in Australia, and the Australian government shows no indication of accepting it as such any time soon.

Is Crypto Trading Taxable In Australia?

Yes. Even though the Australian Tax Office (ATO) doesn’t consider crypto as money, it is regarded as property, a CGT asset for all tax purposes. When a capital gain or loss is realized from cryptocurrency, the market value of the asset, in AUD, is used to calculate the tax. 

Are Crypto Staking Platforms Regulated In Australia?

Yes. In Australia, cryptocurrency, digital currencies, and cryptocurrency exchanges are legal. The sale of crypto assets is regulated by Australia’s Financial Services Regulatory Regime.

What Is The Best Bitcoin Trading Platform In Australia?

The best exchange to buy Bitcoin in Australia is CoinSmart, which offers bank-level protection and incredibly low fees. CoinSmart also supports 16 cryptocurrencies, processes deposits and withdrawals quickly, and validates accounts in 2 minutes or less.

CoinSmart is the best cryptocurrency exchange in Australia if you want to buy Bitcoin and other cryptocurrencies.

Conclusion

As a long-time crypto aficionado, I constantly keep up with the latest and greatest crypto exchanges coming out every day, always looking for the lowest fees and best features. I’m confident these recommendations are currently the best exchanges available in Australia. 

Overall, our top pick for a crypto debit card is the Crypto.com Visa® Debit Card. It is a multi-currency card that supports 90+ cryptocurrencies, 20 fiat currencies, and a cashback rate of 8% – and it comes with free subscriptions to popular streaming services.

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Spreads: ~0.5%
Security: 95% cold storage
Signup bonus: $30

Low spreads, great platform.

★★★★

Rated 4.5/5