Can you earn free cryptocurrency with cards: we dive in

Can you earn free cryptocurrency with cards: we dive in
фото показано с : coinjournal.net

2022-4-22 16:16

Cryptocurrency and the underlying blockchain technology have revolutionised global finance, with digital assets now increasingly popular as a payment method across the world.

Today, millions of businesses accept Bitcoin and other cryptocurrencies as payment. And as more people pay with crypto at various merchant locations and points of sale, a new trend has emerged: the use of crypto debit cards.  

An example of how big this trend is Visa’s recent announcement that crypto-linked cards accounted for $2.5 billion worth of payments in its fiscal first quarter of 2022.  Its growth that has also seen crypto payments processors like BitPay and Strike increase support. 

Overall, crypto debit cards are on the rise, and with it, a chance for users to earn some free crypto.

But what are these crypto debit cards, and how do they work? We take a look at this, and more importantly, dive into how one can easily earn free cryptocurrency with their crypto debit card.

What Are Crypto Debit Cards? 

Think of crypto debit cards as being similar to conventional debit cards. In this case, you can use the crypto debit card to make in-person or online payments for goods and services as you would any traditional debit card.

However, unlike conventional debit cards, crypto debit cards use crypto as the main currency to load them. Therefore, instead of cash in a bank account, crypto debit cards use Bitcoin, Ethereum, Ripple, or other digital assets held in your crypto wallet.

What’s notable about crypto debit cards is that they are widely accepted. Top examples currently in use across the globe include Voyager Crypto Mastercard, Nexo Debit Card, Crypto.com Visa Card, Coinbase Debit Card and Binance Visa Card.

How do Crypto Debit Cards work?

You’ll need to link your crypto debit card to your crypto wallet to use it. It’s an easy process that allows you to top up the card with crypto.

When you shop or seek to pay at a location that accepts debit cards, a payments processor will convert your crypto to the merchant’s preferred currency.

Note, however, that different debit cards convert the crypto to fiat at different times. Some of these cards will automatically convert the crypto to fiat currency during the top-up process. 

Meanwhile, others will hold the crypto and only convert it whenever you are transacting. That said, you can choose your crypto debit card depending on the time of crypto conversion. 

With the convenience and flexibility that this card comes with, you don’t have to worry about exchange rates. With a crypto debit card, your card directly converts your crypto to any fiat currency of your choice. 

Therefore, you can use these cards to make purchases from your local retailer. For example, you’re buying groceries from a grocery store with your debit card. When you make the payment with your crypto debit card, the store owner will receive the payment in fiat currency.  

How Do You Earn Free Cryptocurrency With Crypto Debit Cards? 

Crypto debit card providers want to incentivise users, just as conventional loyalty programs work. 

But instead of common rewards like cash backs, points, and miles, crypto debit cards allow you to earn crypto rewards. In other instances, you can use points earned to buy crypto.

So, while different crypto debit cards have different strategies for rewarding their users, there are three common ways through which this happens.

These are crypto-back rewards, staking, and referral systems, this latter strategy made popular by the Club Swan card.

Let’s see how each of these strategies offers customers a chance to earn free crypto with crypto debit cards.

1. Crypto-back Rewards

When it comes to most crypto debit cards, crypto-back rewards are the main reward. Every

time you make a purchase using your debit card, you automatically get rewarded – not in cash or miles or points- but in crypto. The amount of crypto-back reward available can vary greatly, mostly depending on the provider.

For instance, after making a purchase, a Coinbase debit card gives you a 4% reward back. On the other hand, BlockFi will reward you with a 3.5% back for any purchases you make. However, this amount of reward is only valid for 90 days.

Afterward, the amount automatically reduces to 1.5% cashback.

Some cards, however, have an advanced way of rewarding users depending on the level of the card owned. For example, Crypto.com rewards a 1% crypto-back if you hold the lowest card level. And if you hold the highest card level, you get to earn 8% cashback for all purchases you make. 

Another card that works so similar to Crypto.com is the Binance Visa card, which allows customers to earn up to 8% in BNB Cashback.

Like other cards, all cashback rewards go into the funding wallet, meaning you have free crypto with every purchase.

2. Staking

Are you looking for the best way of earning lucrative rewards with your crypto debit card? Crypto staking is precisely the way to go. Staking is the process of committing your cryptocurrency to support a blockchain network. And by staking, the demand and circulation of the currency increases.

For instance, Crypto.com allows you to stake an amount from $0 to $400,000 for a minimum of six months. And all you need to do is hold the native CRO token in your Crypto.com wallet. The longer and the higher you stake, the higher your rewards. 

3. Referrals 

Referrals are a marketing strategy by which active users bring in new prospects to register for a program. And in most cases, these users get to earn rewards in the process. One debit card that uses the referral program is the Club Swan debit card.  

The Club Swan debit card rewards users with 20% of the membership fee paid by the referral. The membership fees vary with the membership levels. If the referral registers for the highest membership -chairman- the more you earn. 

What Are The Things To Consider When Choosing A Crypto Debit Card? 

Besides free crypto rewards, you should consider other factors before choosing a crypto debit card. Some of the factors that you should pay attention to when choosing a crypto debit card include:

1. Transaction Fees 

Different card providers will have different transaction fees. However, most crypto debit cards don’t have any withdrawal fees. You might encounter other fees when choosing a crypto debit card like liquidation, monthly, foreign transactions, and maintenance fees. Therefore, when looking out for the best debit card, choose a card with the lowest transaction fees. 

2. Cryptocurrency Supported 

Crypto support is one of the factors that one must consider before signing up for a debit card. The good news is that most crypto debit cards support most of the popular cryptocurrencies, with some supporting over 20 different cryptocurrencies.

In addition, some crypto debit cards support stablecoins like Tether (USDT) and USD Coin (USDC). The benefit of stablecoins is that, unlike crypto, these coins have remarkable price stability. Therefore, when crypto prices swing tremendously, the price of these coins remains stable. 

So do you want to get the convenience you seek in a crypto debit card? Remember to choose a card that supports the crypto of your choice. 

3. Security 

Security is something to strive for when it comes to digital payment methods. So getting a card that provides you with the next-level security measures is a top choice. 

In fact, some crypto debit cards provide users with state-of-the-art security measures for their crypto. These measures include two-factor authentication, a passcode, and a biometric scan. 

Most crypto debit cards come with an app or a website where you can fund your crypto debit card. And in case your card gets lost or misplaced, you can lock it or change the passcode remotely. So to prevent theft of your hard-earned crypto, robust security is a factor to add to your checklist. 

4. Geographical Availability

So far, most crypto debit cards are only available in the E.U and the U.S.A. Therefore, you might want to get a card that favors your geographical location. Also, you can decide to choose a card supported by either MasterCard or Visa. Crypto debit cards in partnerships with Visa or MasterCard are internationally

acceptable. Therefore, you can use them anywhere anytime. If you’re an enthusiastic traveler, these cards might be a good fit for you.  Now that you know ways of earning free crypto with debit cards, it’s time to get to work. And as you choose your crypto debit card, take your time and consider the factors above.

For crypto investors, a crypto debit card can be a great addition to your wallet. It makes it easier to spend your crypto, and you get to enjoy many benefits in the process.

The post Can you earn free cryptocurrency with cards: we dive in appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0034358 (-100%)

cryptocurrency dive earn cards free assets journal

cryptocurrency dive → Результатов: 90


Фото:

Morgan Stanley Creates New Crypto Research Team Headed by Sheena Shah

Major US bank Morgan Stanley, is establishing a new cryptocurrency team, as more financial institutions in the US continue to dive into the cryptocurrency industry.  Morgan Stanley Serious About Crypto According to Bloomberg, the Wall Street banking giant chose Sheena Shah as the lead analyst for the bank’s cryptocurrency research team, as stated in aRead More

2021-9-16 11:00


Фото:

Skybridge Capital Cofounder Says Gamestop Activity Is ‘More Proof That Bitcoin Will Work’

The New York-based Skybridge Capital cofounder, Anthony Scaramucci, recently explained that this week’s Gamestop fiasco is positive for the global cryptocurrency bitcoin. Scaramucci’s statements follow the global investment manager’s recent dive into the crypto economy by gathering exposure to over $300 million worth of the cryptocurrency.

2021-1-29 19:00


Фото:

Crypto Markets Suffer Heavy Losses, Bitcoin Price Sinks More Than 25% in 24 Hours

Cryptocurrency markets have suffered significant losses during the last 24 hours, as the entire crypto market cap has dropped below a trillion to $823 billion losing roughly 9.9% in value. Since the bitcoin price height on Sunday, January 10, bitcoin’s price plummeted over 25%, seeing the largest price dive of the year. Digital currency markets […]

2021-1-11 20:22


Фото:

Ethereum May Dive to $295 as Bears Strike a Blow to Its Market Structure

Ethereum has seen some intense selling pressure throughout the past few days, which reached a boiling point overnight when its price declined to lows of $330 The cryptocurrency is now stabilizing following this movement, but sellers appear to be stepping up and catalyzing further selling pressure One analyst is now noting that ETH could decline as low as $295 in the near-term This downside movement may come about as a result of the selling pressure […]

2020-9-6 22:00


Фото:

Data Shows “Smart Money” is Looking to Buy Bitcoin at $8,800

It has been a rough past couple of days for Bitcoin and the rest of the crypto market, with bears forcing BTC to dive as low as $10,000 The support found just below this price region was significant, as BTC quickly bounced and ran back towards the upper-$10,000 region Bulls and bears have since reached an impasse, with the cryptocurrency consolidating as it attempts to garner some clearer directionality in the near-term One analyst is […]

2020-9-5 21:00


Фото:

NOWPayments Review – An Easy to Integrate Crypto Payment Gateway

NOWPayments is a custody-free cryptocurrency payment processor that simplifies the process of accepting and making crypto payments from all across the world. In this Altcoin Explorer, we deep dive into NOWPayments, a cryptocurrency payment gateway that allows merchants to seamlessly accept and make payments in cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and fiat-pegged stablecoins.

2020-8-20 18:14


Фото:

Current Bitcoin Whale Population Looks Exactly Like September 2017, Just As BTC Ascended To $20K

Over the last few days, bitcoin’s price action has been quite dramatic. On June 15, the bellwether cryptocurrency tumbled below $9k alongside the US stock market which also took a dive. A few hours later, however, the cryptocurrency rebounded to as high as $9,500 after the Fed announced it will begin purchasing individual corporate debt. […]

2020-6-17 14:26


Bitcoin Paints V-Shape Recovery after Crashing to $3.8K; More Pain Coming?

Highlights: Bitcoin plunges to $3.8K for the first time since April 2019. The cryptocurrency’s deep dive came alongside a massive liquidation spree on the BitMEX crypto exchange. The price recovered by $2,000 but left the market in further distress, especially amidst the rising Coronavirus risks on global financial markets. Bitcoin fell to its 10-month low...

2020-3-13 15:31


Фото:

Market Update: Plustoken BTC Moves, Crypto Prices Dive, Coronavirus Cripples Global Markets

Cryptocurrency markets lost more than $30 billion in the last 24 hours as digital asset prices have been slashed alongside traditional stock and commodity markets. Further, crypto proponents have spied Plustoken bitcoins on the move again and speculators assume that 13,000 BTC ($102M) might have invoked the weekend’s massive sell-off.

2020-3-10 20:12


Фото:

Education and Blockchain: How Universities Utilize Immutability to Enhance Data Integrity

Blockchains have showcased they have that capability to transform entire industries by minimizing the requirement for human trust and instead rely on immutable data. Education is an underpenetrated sector with regards to distributed ledgers, but this is quickly changing as more universities understand the potential this technology offers, as reported by Education Dive, October 17,Read MoreRead More.

2019-10-19 01:00


BlockchainUA – the most large-scale blockchain and cryptocurrency conference in Ukraine

The BlockchainUA team invites you to the most large-scale blockchain and cryptocurrency conference in Ukraine, which will be held in Kiev, September 20, 2019! This is a unique opportunity for everyone to dive into the details of one of the most promising technologies, listen to informative reports, become familiar with analytics and trends, as well […]

2019-9-10 10:27


Фото:

Around The Block With Jeff And Dave – July 1, 2019 Facebook Libra and Calibra, Metlife Using Ethereum, Bitcoin (BTC) at 11,000?, Kevin Hsu of BlockVC Interview, and More!

In this episode, we do a deep technical dive into Facebook Libra and ask, is it trustworthy? Will it be valuable or even viable? Or will it crash and burn? In other news, Metlife is adopting Ethereum, but what will this mean for the future of the project? Bitcoin is the eighth largest currency inRead MoreRead More.

2019-7-2 18:23


Introducing ADN – A Powerful ICO Security Blockchain

ADN, a blockchain project recently launched along with their website and social media channels. The company is led by finance and cryptocurrency experts Ron Lim and Jon Ban. The ADN team also involves well-known figures in the blockchain industry like Deep Dive and iRangers CEO Misha Hanin working as ADN Chief Technology Officer, Boris Heismann […] The post Introducing ADN – A Powerful ICO Security Blockchain appeared first on AMBCrypto.

2019-5-28 08:30


Introducing ADN — A Powerful ICO Security Blockchain

ADN, a blockchain project recently launched along with their website and social media channels. The company is led by finance and cryptocurrency experts Ron Lim and Jon Ban. The ADN team also involves well-known figures in the blockchain industry like Deep Dive and iRangers CEO Misha Hanin working as ADN Chief Technology Officer, Boris Heismann working as Chief Information Officer, Tad Einstein, working as ADN Vice-Chief Information Officer, Dima Zodek, working as Chief Security Officer, and Rob Zacharias working as Chief Operating Officer.

2019-5-28 08:07