Crypto.com Visa Canada Review (Aug 2022): Is It Worth It?

April 11, 2022
Reviews

The Crypto.com Visa Cards are a group of flexible crypto debit cards that will get you up and running with cryptocurrency. They may be used at any merchant that accepts Visa, and their numerous card tiers let you choose the card that best fits your lifestyle.

The Crypto.com Visa Cards come in a variety of styles and deliver a number of benefits, making them an adaptable tool to have in your crypto arsenal. If you’re searching for a way to get started with crypto debit cards, we fully recommend that you use them.

What Are The Crypto.com Visa Cards?

The Crypto.com Visa cards are a physical and virtual set of debit cards that are linked to your Crypto.com account. The cards allow you to spend your crypto without converting it to fiat first, as well as let you stake your CRO holdings to earn rewards.

The Crypto.com Visa cards are divided into five tiers: the Midnight Blue card, the Ruby Steel card, the Royal Indigo/Jade Green cards, the Frosted Rose Gold/Icy White cards, and the Obsidian card.

Crypto.com Visa Card Tiers

1. Crypto.com Midnight Blue Visa Card

The Crypto.com Midnight Blue Visa Card is the starting point of the Crypto.com Visa Cards, and it has no annual fee or staking requirements.

You’ll be able to earn up to 1.00% cashback in CRO on all purchases (which will be paid out to your Crypto.com wallet through the Crypto.com app). You won’t, however, be eligible for any staking bonuses or rewards since it’s an entry-level card with no staking requirements.

Features

  • Allows you to earn 1% crypto cashback in CRO
  • No annual fee
  • No staking requirements
  • Free ATM withdrawal per month: 250 CAD

Cost

  • Annual fee: No annual fee

Best For

People who are just getting started with crypto and want a fee-less crypto debit card that will let them earn crypto cashback.

2. Crypto.com Ruby Steel Visa Card

Another entry-level option in the Crypto.com Visa Card family is the Ruby Steel Visa Card, which could be regarded as a stronger version of the Midnight Blue Card with no annual charge but a staking requirement of 500 Canadian dollars worth of CRO.

This card will allow you to earn up to 2.00% CRO cashback on all purchases, which will be paid out to your CRO wallet through the Crypto.com app. You’ll also be able to get full reimbursement of your monthly Spotify subscription as a staking reward with this card.

Features

  • Allows you to earn 2% crypto cashback in CRO
  • No annual fee
  • Full reimbursement of your monthly Spotify subscription as a staking reward
  • Free ATM withdrawal per month: 1,000 CAD

Cost

  • Annual fee: No annual fee
  • Staking requirement: 500 CAD worth of CRO

Best For

Those looking for a more robust entry-level crypto debit card with a greater crypto cashback rate and better staking incentives.

3. Crypto.com Royal Indigo/Jade Green Visa Cards

The Crypto.com Royal Indigo and Jade Green Visa Cards are the mid-tier cards in the Crypto.com Visa Card family, and they also have no annual fees like the preceding cards we’ve discussed in this article.

If you keep the staking requirements of these cards, you may earn up to 3.00% CRO cashback on all purchases and full reimbursements for both your Spotify and Netflix monthly subscriptions. Your CRO cashback rate will drop to 1.50% if you aren’t able to maintain the staking requirements of the cards, however.

Features

  • Allows you to earn 3% crypto cashback in CRO (1.50% if the staking requirement is not met)
  • No annual fee
  • Full reimbursement of your monthly Spotify and Netflix subscriptions as a staking reward
  • Free LoungeKey airport lounge access for the cardholder
  • Free ATM withdrawal per month: 1,300 CAD 

Cost

  • Annual fee: No annual fee
  • Staking requirement: 5,000 CAD worth of CRO

Best For

Those who want a mid-level crypto debit card with additional perks, such as airport lounge access and full reimbursements for their Spotify and Netflix subscriptions.

4. Crypto.com Frosted Rose Gold/Icy White Visa Cards

The Crypto.com Frosted Rose Gold/Icy White Visa Cards are the first premium-tier cards in the Crypto.com Visa Card portfolio, and they offer considerably more benefits and features than any of the other cards on this list.

These cards do not have an annual charge, but they do need you to stake 50,000 CAD in CRO tokens. You’ll get 5.00% CRO cashback on all purchases, full reimbursements to your Spotify, Netflix, and Amazon Prime monthly subscriptions, a 10% reduction in Expedia fees, and free LoungeKey airport lounge access for you and one guest if you meet this staking requirement, though.

You’ll also be allowed to use Crypto.com’s premium service (Crypto.com Private), which includes benefits like OTC CRO block trades, inheritance services, research reports, industry events access, and priority customer service as well as additional perks and a special welcome package.

Features

  • Allows you to earn 5% crypto cashback in CRO (1.75% if the staking requirement is not met)
  • No annual fee
  • Full reimbursement of your monthly Spotify, Netflix, and Amazon Prime subscriptions as a staking reward
  • 10% reduction of Expedia fees
  • Free LoungeKey airport lounge access for the cardholder and one guest
  • Crypto.com Private access
  • Exclusive Merchandise Welcome Pack access
  • Free ATM withdrawal per month: 1,300 CAD 

Cost

  • Annual fee: No annual fee
  • Staking requirement: 50,000 CAD worth of CRO

Best For

People who want a premium crypto debit card with a ton of added perks and features.

5. Crypto.com Obsidian Visa Card

The Crypto.com Obsidian Visa Card is the most expensive crypto debit card offered by Crypto.com and includes a ton of features and benefits.

The Obsidian Visa Card has no annual fee, but it has the largest staking requirement of all Crypto.com Visa Cards: 500,000 CAD worth of CRO. You’ll get top-of-the-line staking rewards, such as 8.00% CRO cashback on all purchases plus every benefit the Frosted Rose Gold & Icy White Visa cards provide if you fulfill these demanding staking conditions.

You’ll also get a 10% reduction in your Airbnb fees, and you’ll be given access to flights with one of the world’s largest private jet networks in the world (plus premium privileges on your first flight).

Features

  • Allows you to earn 8% crypto cashback in CRO
  • No annual fee
  • Full reimbursement of your monthly Spotify, Netflix, and Amazon Prime subscriptions as a staking reward
  • 10% reduction of Expedia fees
  • 10% reduction of Airbnb fees
  • Free LoungeKey airport lounge access for the cardholder and one guest
  • Crypto.com Private access
  • Exclusive Merchandise Welcome Pack access
  • Private Jet Partnership access
  • Free ATM withdrawal per month: 1,300 CAD 

Cost

  • Annual fee: No annual fee
  • Staking requirement: 500,000 CAD worth of CRO

Best For

Anyone who wants the top of the line when it comes to crypto debit cards, and is willing to stake a substantial amount of CRO tokens for it.

In Summary

The Crypto.com Visa Cards are a great set of crypto debit cards and a great way to get started with crypto. They can be used anywhere that Visa is accepted, and their different card tiers allow you to choose the one that best fits your needs.

The cards all have different features and benefits, making the Crypto.com Visa Cards a versatile tool to have in your crypto arsenal. We recommend that you use them if you are looking for a way to get started with crypto debit cards.

Crypto.com Credit Card Canada Review FAQs

What Is Crypto.com?

Crypto.com is a large global cryptocurrency exchange, and it has recently had a major impact on the Canadian crypto market. It supports more than 100 cryptocurrencies, making it ideal for investors searching for opportunities to invest in new altcoin territory before everyone else discovers it.

Users of Crypto.com can trade options and futures contracts, earn interest on their crypto by staking it, and engage in trades with up to 10x leverage if they are confident in a coin, which are features that hardly any other Canadian exchange can compete with.

How Do I Apply For A Crypto.com Visa Card?

In order to apply for a Crypto.com Visa Card in Canada, you’ll only need to follow these steps:

  1. Sign up to Crypto.com
  2. Complete the Crypto.com verification process
  3. Choose your desired Crypto.com Visa Card
  4. Follow the steps the exchange will give you and start staking CRO

How Do I Top Up My Crypto.com Visa Card In Canada?

To top up your Crypto.com Visa Card, all you need to do is follow these steps:

  1. Head to your fiat wallet.
  2. Add funds to your Canadian dollar wallet through the Crypto.com app.
  3. Select the “Transfer” option.
  4. Transfer funds to the card.

You can also charge the card with crypto indirectly by selling it for Canadian dollars at the current market rate in the app.

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