With Binance pulling its crypto card services from the European market in December 2023, many users are searching for Binance Card alternatives and — more generally — Binance alternatives. Thankfully, the ever-growing number of European crypto cards means there are various options — from Bitcoin credit cards to those offering enticing crypto rewards. Here are some of the leading Binance Card alternatives and how to choose one that most adequately meets your needs.
- What are the best Binance Card alternatives?
- Coinbase Card
- KuCard (Kucoin card)
- Wirex Card
- YouHodler Crypto Card
- Solar Card
- eToro Card (only for the U.K.)
- Bybit card
- Nexo card
- Why look for Binance Card alternatives?
- Why did Binance halt its card service in Europe?
- Our recommended Binance Card alternatives
- How do you choose a crypto card?
- What’s the best Binance card alternative?
- Frequently asked questions
What are the best Binance Card alternatives?
Coinbase Card
Firstly, you will need to have a Coinbase account. If the Coinbase card is available in your location, you will have the option to order one.
The digital card is available immediately, and the physical card should be received after 2-3 weeks.
After receiving your physical card via post, you need to activate your card, from your Coinbase account. You will need your 3-digit CVV number to activate the Coinbase card.
The Coinbase Card, issued by Pathward and operating on the Coinbase platform, offers a user-friendly and secure way to spend cryptocurrencies or U.S. dollars anywhere Visa cards are accepted.
The card automatically converts your cryptocurrencies to U.S. dollars when you make a purchase.
You can use the card at ATMs worldwide for cash withdrawals, with Coinbase converting your cryptocurrency to U.S. dollars for these transactions. The daily limit for ATM withdrawals is $1,000. ATM withdrawals are free up to $200 per month, and above that, you’ll pay a 1% fee.
With each purchase, you will receive crypto rewards.
Issuance cost: $0
Crypto conversion fee: 2.49% (spending or ATM)
Annual fee: $0
- Global Acceptance (Visa)
- Earn crypto rewards with each purchase, with rates on a rotating schedule. You can change your rewards selection each month.
- Easy to fund the card through the Coinbase platform.
- Compatible with mobile payment options like Apple Pay and Google Pay, although it does not support Apple Cash.
- High conversion fees
- Not available worldwide
- Spending limits vary by user, and you can check your monthly spending allotment in the Coinbase app.
KuCard (Kucoin card)
KuCard was launched in November 2023. Initially, it will only be available to citizens and residents of the European Economic Area (EEA). To be eligible to receive a card, you must complete the KYC process.
You can activate the card on the KuCoin platform by following the instructions received with the card.
KuCard can be used for payment at any merchant worldwide that accepts Visa debit cards. The KuCard only offers initial support of the Euro (EUR) and USDT (Tether), focusing on European residents. However, it will soon expand to include more fiat and cryptocurrencies.
The Euro provides broad acceptance in Europe, while USDT, a stablecoin tied to the U.S. Dollar, offers a stable entry point into cryptocurrencies. KuCard will also allow spending with other cryptocurrencies in the future.
Issuance cost: €9.99
Transaction costs (payment): Free for Euro transactions, 2% for outside the Eurozone
ATM withdrawal fee: €1.50 per transaction in the Euro zone and 2% of the withdrawal amount outside Europe. (€5,000 monthly limit)
Annual fee: €10
- Free to pay in Euro countries
- Can pay worldwide (anywhere Visa is accepted)
- Only available in Europe (but can be used worldwide)
Wirex Card
Wirex is available in over 130 countries. Check out this list of supported countries, to see the up-to-date list.
After completing the identification process on the Wirex platform, you can order a digital and a physical Wirex Card. Note that the virtual card is available immediately in the app, while the physical card may take up to 2 weeks to be delivered.
Activate the card using the Wirex app.
Using the Wirex card is easy and convenient. It’s a debit card linked to your Wirex account, which you can use for both cryptocurrency and traditional currency transactions.
Create a Wirex account, order your card, and it will be sent to your address. Activate it using the Wirex app.
Load your card by transferring money from your Wirex account, receiving transfers by bank card or using a third-party provider.
Use the card for everyday purchases, online or in-store, anywhere Visa or Mastercard is accepted. You can also withdraw cash from ATMs globally.
For each purchase, you are eligible to receive cashback in WTX, the platform’s own token. You can earn up to 8%, depending on your chosen tier.
Issuance cost: Free
Transaction costs: No
ATM withdrawal fee: Free up to 200 USD/EUR per month, then 2%
Delivery fee: Depends on location (e.g., free in the US, 5 EUR in the EU).
There might be a fee when funding Wirex with a local card (depending on your location).
- Earn up to 8% cashback rewards for all purchases
- Instant top-ups if you link your debit/credit card
- Commission-free trading and zero ATM fees (up to $200)
- The card varies in different countries
- You must own WXT tokens to get cashback
- High fees for crypto-fiat transactions
YouHodler Crypto Card
The YouHodler Crypto Card is coming soon. Join the waiting list if you want to be one of the first to find out about it.
Using the YouHodler Crypto Card is a simple and rewarding way to spend your cryptocurrency. As the card is coming soon, keep an eye on updates from YouHodler to be among the first to access it.
Once you have the card, you can use it at both local and online merchants. Use the YouHodler app for quick and seamless conversions of your crypto to fiat currency. With every transaction made using the YouHodler Crypto Card, earn exclusive crypto rewards and cashback.
Issuance cost: N/A
- The card will be available worldwide
- You can earn crypto rewards with every purchase
- The card is not yet available. Follow YouHodler for the latest news.
Solar Card
To use the Solar Card, you will first have to navigate to the Solar Network website. Then you will have to download the app. To do this, scroll down and select the “Download APK Android” button.
Support for other platforms has yet to be released, as it is still in beta phase. You will then have to complete KYC in two phases: once when you register, and another after you receive the card. The process requires identification documents/card and proof of address.
The Solar Card is owned by Dokdo, and the assets are secured by Codego and Kraken. It is a debit card that allows you to easily convert crypto to fiat. Additionally, it supports over 130 cryptocurrencies and is accepted in over 140 countries. On top of this, you can enjoy up to 10% cashback in crypto.
The card comes as a virtual prepaid card or a physical plastic debit card. There is an activation fee of €2.99 on both cards. The supported fiat currencies are USD, EUR, TRY, BGN, and GBP, which provides a lot of flexibility customers. However, the Solar Card is currently in beta phase, and may have some limitations.
Crypto withdrawal: 0
Crypto deposit: 0
Activation fee: €2.99
Order and shipping fee (physical card): €20
Online purchases (fixed): €0.50
- Global acceptance
- Supports 130+ cryptocurrencies
- Physical and virtual (up to three virtual cards)
- 0 crypto withdrawal and deposit fees
- Only available to Android users currently
- €20 000 monthly limit per card
eToro Card (only for the U.K.)
The eToro Money Visa debit card works just like any other Visa debit card, allowing you to pay for goods and services at home, online, and abroad. It is directly linked to your eToro Money Cash Account.
You may use the card for purchases anywhere Visa is accepted, benefiting from competitive exchange rates, especially when shopping or travelling abroad.
eToro Money offers attractive foreign exchange rates for international transactions made with this card.
The card is exclusively available to eToro Club members in certain regions. Check eToro’s website for the card’s availability in your area.
As of November 2023, the eToro card is available only in the U.K.
You may use the eToro Money crypto card to spend your eToro balance wherever Visa is accepted.
If your eligible for a crypto card, you may fund it via manual or fast bank transfers. The account’s base currency is GBP.
Issuance cost: $0
Transaction costs: no fee (eToro operates on spreads)
FX exchange rate: up to 0.55%
ATM withdrawals: £2,000 per month free, 1% after
- No fees
- Instant deposits via fast bank transfers (U.K.)
- Use everywhere Visa is accepted
- Only available in the U.K.
- Only supports GBP
- Higher fees than its competitors
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Bybit card
After you’ve verified and funded your Bybit account, you can apply for the Bybit card. The application process may take up to seven days. Afterwards, you can issue a digital card for immediate use online and order a physical card.
The fee for issuance of the physical card is 5 EUR/GBP/USDT. After you receive your card, you will need to activate it from your Bybit account.
The Bybit card is a Mastercard debit card, which allows you to spend your crypto assets from your Bybit account at any merchant accepting Mastercard payments.
Within your Bybit account, you can choose what assets to spend first. The card automatically converts assets during payment. Note there is a fee for each conversion.
The Bybit card is offered to citizens and residents from European Economic Area (EEA) countries (except Croatia, Iceland, Ireland, Liechtenstein, and Romania). The card supports EUR or GBP (depending on your location) and multiple cryptos (BTC, ETH, XRP, USDT and USDC).
You can add money to the card by adding any supported funds to your Bybit account. The funding options may depend on your location, but generally, these are crypto, bank cards, bank transfers, and third-party services.
The card also offers rewards for your purchases.
Issuance cost: €5
Spend/Transaction costs 0%
ATM fee: 2% after 100 EUR/GBP per monthly
Minim deposit €10
Annual fee: Free
Crypto Conversion Fee: 0.9%
FX fee: 0.5%
Daily spending limit: 5,000 EUR/GBP
- Powered by Mastercard, accepted at over 90 million stores
- Good rates compared to competitors
- Easy to manage from Bybit account
- No crypto cashback, only point rewards
- Only in selected EEA countries
Nexo card
Nexo Card allows you to spend your crypto assets and easily switch between a debit and a credit crypto card. The card is only available for the European Economic Area (EEA).
To be eligible to apply for a card, you need to have a Nexo personal account and maintain a portfolio balance. That is a minimum of $50 for a virtual card. For the physical card, you will need a balance of at least $500 and a Gold loyalty tier (5% of the portfolio value in NEXO tokens). Loyalty tiers offer better interest rates.
The physical card is shipped after 2 days of placing the order. Depending on your location it may take between one to four weeks to get it. After receiving your physical card, you will need to activate it from your Nexo account.
Advertised as the world’s first dual-mode crypto card, the Nexo card offers you the chance to switch between a debit or a credit card at any time. The card’s biggest advantage is that it allows you to spend by borrowing against your cryptocurrency. Without selling your crypto, you avoid a taxable event.
You can fund your card by adding any funds to your Nexo account. The easiest way is to transfer crypto or use the bank transfer option.
The Nexo card is powered by Mastercard and can be used at over 100 million merchants worldwide.
With each purchase you may receive cashback of up to 2% (6% for new accounts). You can choose to receive the crypto cashback in NEXO tokens or BTC (smaller cashback). On each tier, there is a monthly limit for the cashback.
Issuance cost: Free
Transaction costs
ATM withdrawals: up to 5 free and up to €10,000 / £9,000 without a fee (depending on tier). After the limit is reach, a 0.5% fee on foreign transactions is applied.
Annual fee: Free
- You can use it as a credit card and borrow against your crypto
- No interest for credit if LTV is under 20%
- Earn interest on holdings
- Need to hold NEXO tokens to access higher loyalty tiers with better rates
- Need to hold a minim balance of $500 for physical card
Why look for Binance Card alternatives?
As stated above, Binance effectively suspended its card services in Europe on Dec. 20, 2023. This suspension affects many users who rely on the Binance Card for transactions and crypto-related activities. If you’re from Europe or Latin America, you should consider some Binance alternatives for your crypto debit card.
It’s also worth noting that Binance has faced numerous regulatory challenges across different countries. With increased scrutiny and operational difficulties — as well as the sudden exit of Changpeng Zhao (CZ), Binance’s CEO, on Nov. 21, 2023 — it is unclear how Binance’s services, including its card, might be affected in the future.
“I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.”
Changpeng Zhao (CZ): X
As a result of the news, BNB, Binance’s own utility coin, dropped in value. As of Nov. 29, 2023, more than a week after CZ’s exit, BNB is down more than 16% compared to its pre-news value.
Luckily, the crypto market is dynamic, with numerous players offering competing services. Diversifying your options will also ensure you’re not solely dependent on Binance’s ecosystem, which sudden regulatory changes could impact.
Why did Binance halt its card service in Europe?
Binance withdrew its card services in Europe because it faced challenges complying with new regulations set by European authorities. These rules ensure companies that deal with crypto, like Binance, properly check their customers’ identities and prevent money laundering. European regulators have become increasingly strict about how crypto exchanges and broker platforms such as Binance operate to protect customers and keep the financial system stable, particularly in light of the FTX collapse.
Our recommended Binance Card alternatives
All the presented cards are reputable and can be accessed as Binance Card alternatives in Europe. However, it’s worth noting that while all these cards are available in the European Economic Area (EEA), some may be limited to a specific country or set of countries. For instance, the eToro Money card is only offered in the U.K. A number of crypto cards are offered in most European countries, with YouHodler, Bybit, KuCard, and Nexo offering the widest coverage in terms of location.
Always look for the fees the card offers and choose the one that best fits your needs, which might differ from the card’s main benefit. For instance, if you want to withdraw funds from an ATM, you might want to choose the card with the lowest ATM fees and largest monthly limit, such as KuCard or Nexo.
If you plan on using your card outside Europe, there will be extra foreign exchange fees, which may be imported by the crypto platform or the card’s payment networks (Visa or Mastercard). Most cards have a 2% fee for foreign exchanges, but Bybit and eToro have only 0.5%.
If you plan on using this new Binance Card alternative to spend within Europe, mostly pay by card, and easily manage your crypto, then KuCard is one of the best options available today — particularly if you’re also into spot trading.
How do you choose a crypto card?
Choosing a crypto card, which is a debit or credit card linked to a cryptocurrency account, involves several considerations.
If you’re new to crypto cards, here is what you should pay attention to:
- Supported cryptos. Check which cryptocurrencies the card supports. Some cards might only support major ones like Bitcoin or Ethereum, while others may offer a wider range of altcoins.
- Conversion fees and rates. Understand the fees for converting cryptocurrency to fiat currency (like USD or EUR). Some cards offer competitive rates and low fees, which is ideal for frequent use. Also, check for any maintenance fees, annual fees, or other charges associated with the card.
- Spending limits and withdrawal fees. Look at the daily spending limits and any fees for ATM withdrawals. If you plan to use the card regularly, higher limits and lower fees are preferable.
- Rewards and cashback. Some crypto cards offer crypto rewards like cashback, discounts, or other perks.
- Security features. Check for features like two-factor authentication, the ability to freeze the card via an app, and other security measures to protect your funds.
- Regulatory compliance
- Customer support
- Availability in your region
- User reviews and reputation
- Integration with existing wallets
What’s the best Binance card alternative?
Your personal location, spending habits, crypto holdings, payment locations, and more will all determine the best Binance Card alternative for you. While Binance remains a leading global exchange, a number of Binance alternatives are offering enticing competition as the largest CEX struggles with regulatory compliance. Regardless of your choice, ensure you understand the terms and conditions when signing up for and using a crypto card.
Frequently asked questions
What is a crypto card?
Can you trust Binance?
Is Binance a safe platform?
What are the disadvantages of Binance?
Should I keep my money in Binance?
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