The integration of cryptocurrency into daily spending is accelerating as major centralized exchanges (CEXs) roll out innovative payment solutions. From crypto-backed credit and debit cards to all-in-one payment apps, these products are designed to bridge the gap between digital assets and real-world commerce.
Leading exchanges like Coinbase, Gemini, and Crypto.com, along with Kraken, Bybit, Bitget, Gate, and KuCoin, are competing in this burgeoning sector. Most of these payment cards are available in key markets such as the European Economic Area (EEA) and the United States, offering crypto cashback rewards ranging from 2% to 10%.
This article explores the latest payment products from these top crypto exchanges, highlighting their features, benefits, and unique selling points.
Coinbase: Leveraging the American Express Network with Coinbase One Card
On June 13, Coinbase announced the Coinbase One Card, exclusively for U.S. members of its Coinbase One subscription service. This monthly subscription offers zero trading fees, enhanced staking rewards, and other benefits. The card, powered by the American Express network, is scheduled to launch in the fall of 2025.
Cardholders can earn between 2% and 4% back in Bitcoin on purchases. The base subscription tier, which offers lower Bitcoin rewards, is priced at $4.99 per month or $49.99 annually. The premium Coinbase One plan costs $29.99 per month.
This marks Coinbase's first foray into crypto credit cards, following its 2020 collaboration with Visa on a crypto prepaid debit card.
Gemini: Flexible Crypto Rewards with Real-Time Earnings
Gemini offers a no-annual-fee credit card that supports over 50 cryptocurrencies for cashback. New users approved by June 30, 2025, who spend $3,000 within the first 90 days, receive a $200 crypto bonus.
This Mastercard provides rewards in the form of cryptocurrency, with earnings structured by spending category:
- 4% back on the first $300 spent monthly on gas and electric vehicle charging, then 1%
- 3% back on dining
- 2% back on groceries
- 1% back on all other eligible purchases
Users can change their preferred reward cryptocurrency at any time. A Gemini trading account is required to apply. Note that rewards cannot be applied directly to card payments. The card has no annual or foreign transaction fees, but selling or converting crypto rewards incurs standard trading fees. The APR ranges from 17.24% to 29.24%.
Crypto.com: Tiered Rewards with a Structured Crypto Credit Card
In June, Crypto.com launched the Crypto.com Visa Signature credit card for the U.S. market. This card features a tiered rewards system based on the user's membership level:
- Obsidian: 6.5% back in the first year, then 5%
- Rose/Icy: 5% back in the first year, then 4%
- Jade/Indigo: 3.5% back in the first year, then 3%
- Ruby: 2.5% back in the first year, then 2%
- Midnight: 1.5% back
The card's APR is 18.24%–32.24%, and it charges a 3% foreign transaction fee.
Kraken: Entering the Payment App Arena with "Krak"
Kraken has taken a different approach by launching Krak, a comprehensive money app that allows users to manage over 300 fiat and digital assets. Key features include:
- Peer-to-Peer Payments: Send money instantly to users in 110 countries using personalized Kraktags, eliminating the need for bank details or wallet addresses.
- Spending and Earnings Account: Earn up to 4.1% on USDG stablecoin balances and up to 10% on over 20 digital assets, with no lock-up periods or minimum deposits.
- Future Plans: Kraken plans to introduce physical and virtual cards, enabling seamless spending at millions of online and offline merchants.
Bybit: High-End Crypto Debit Card with Up to 10% Cashback
The Bybit Card is a Mastercard debit card that allows users to spend their cryptocurrency holdings easily. It is available in virtual and physical forms to users in the EEA, Switzerland, AIFC, Australia, Brazil, and Argentina.
The physical card has a €10 issuance fee. Users enjoy 2% to 10% cashback, depending on their Bybit VIP level. During a promotion, new cardholders from January 1 to March 31, 2025, received 10% back. The card supports several major cryptocurrencies, including BTC, ETH, XRP, and USDT.
Bitget: Dual-Card Strategy with Wallet Card and Credit Card
Bitget offers two primary payment products:
- Bitget Wallet Card: A debit card developed with Immersve on the Mastercard network. It has a $10 issuance fee and supports spending via Base network USDC. It integrates with Apple Pay, Google Pay, and PayPal, and can be used on platforms like Amazon and TikTok.
- Bitget Visa Credit Card: Currently available to VIP users via invitation. It has no annual fee, and transactions are charged a 0.9% fee. Initially, it only supports USDT, with plans to add BTC, ETH, and others.
MEXC: Straightforward Fee Structure for European Users
The MEXC Mastercard debit card is available to most users in the EEA. It has a clear fee structure: a 1% top-up fee, a €1 monthly fee, and no transaction fees within the EEA. Outside the EEA, a 2% fee applies per transaction.
Gate: Combining Spending Rewards with Platform Benefits
The Gate Card is a Visa debit card that uses EUR as its base currency. It has no issuance fee for virtual or physical cards. Users earn 1% back in USDT on all purchases, plus up to 7% back on hotels and flights through Gate Travel. Rewards can be taken in USDT, BTC, ETH, or GT.
KuCoin: Real-Time Crypto Conversion for EEA Users
The KuCard Visa debit card is available to citizens and residents of the EEA. It supports 54 cryptocurrencies and EUR, with real-time conversion from crypto to fiat. The physical card costs €9.99. Users earn monthly cashback based on their VIP level, with limits ranging from €30 to €250.
👉 Explore advanced crypto payment methods
Frequently Asked Questions
What is a crypto payment card?
A crypto payment card allows you to spend your cryptocurrency holdings at merchants that accept traditional credit or debit cards. The card automatically converts your crypto to fiat currency at the point of sale.
How do crypto cashback rewards work?
When you make a purchase with a crypto card, you earn a percentage of the spending amount back in cryptocurrency. The reward rate and type of crypto can vary based on the card issuer and your membership tier.
Are there fees associated with using these cards?
Yes, common fees include issuance fees for physical cards, foreign transaction fees, ATM withdrawal fees, and currency conversion spreads. It's important to review the fee structure of each card before applying.
Can I use these cards outside my home country?
Most of these cards are accepted worldwide wherever the card network (Visa or Mastercard) is accepted. However, using the card outside its primary region may incur foreign transaction fees.
What happens if the price of my crypto reward changes?
The value of your crypto rewards will fluctuate with the market. You can choose to hold them as an investment or convert them to stablecoins or fiat to lock in their value.
Which card is best for high-volume spenders?
Cards with tiered rewards, like those from Crypto.com or Bybit, often offer higher cashback percentages for users who maintain larger balances or higher VIP status, making them suitable for high-volume spenders.
Conclusion
The battle among crypto exchanges has expanded beyond trading and staking into the支付 (payment) arena. By offering credit cards, debit cards, and integrated apps, they are creating a seamless "crypto-for-daily-life" ecosystem. Partnerships with traditional financial giants like Visa and Mastercard remain common, but some exchanges are also building independent wallet and stablecoin solutions.
As more of these products roll out in the second half of 2025, the competition in the global crypto payment space is set to intensify. The ultimate winner will be the platform that best combines user-friendly features, low fees, and attractive rewards.