Wordpress (2022)

How to get a Crypto Debit or Credit Card in the EU

Bull market or bear – crypto is here to stay. Cryptocurrency is increasingly becoming an accepted form of payment, and is a new and exciting way to earn crypto rewards on every day payments.

But how do you get started and integrate crypto into your daily life? A Crypto Debit or  Credit Card may be the answer.

Wondering what’s your key to Crypto Debit or Credit Cards in the EEA? Follow this guide and discover the difference between each type of card, the specifics of crypto regulation in Europe, and how to order a card today. 

What are Crypto Debit and Credit Cards?

A Crypto Debit Card works like your conventional debit card but with a digital twist. Instead of drawing funds from a bank account, it uses the balance in your cryptocurrency wallet. Every time you swipe your card, it converts the required amount of cryptocurrency into fiat currency, allowing you to make purchases at any retailer that accepts regular debit cards.

A Crypto Credit Card, on the other hand, lets you borrow money against your crypto holdings. Just like a traditional credit card, it enables you to make purchases now and pay them off later. The difference? Your line of credit is backed by your cryptocurrency assets.

Together, these cards bridge the gap between digital and traditional finance, making it easy and seamless to use crypto for daily transactions and reap the rewards that come with it: rebates, cashback, and more.

Crypto Debit and Credit Cards in Europe

In the EEA, the adoption of crypto debit and credit cards has skyrocketed due to progressive regulations and increasing acceptance of cryptocurrency. 

Many banks and platforms now offer these cards, providing users with unique perks such as crypto cashback, low transaction fees, and even free international ATM withdrawals. 

However, rules and benefits vary significantly, so it’s important to choose a provider that aligns with your needs and abides by EU regulations. 

The hi Crypto-Fiat Debit Card for you

Welcome hi, a financial platform tailored for the new era of money. hi combines the functionality of a crypto wallet and traditional currency, allowing you to manage both your crypto and fiat from one simple app. 

hi’s Crypto-Fiat Debit Card is available to all EEA residents, no matter their citizenship, but the perks don’t stop there. 

Here’s just an overview of what a Crypto-Fiat Debit Card means for members:

  • Enjoy lower fees than most traditional banks
  • Pay zero ATM withdrawal fees
  • Receive cashback on all your purchases, online and IRL, in crypto, fiat, or HI tokens – the choice is yours
  • Don’t worry about security and compliance, as hi is specifically designed to be used worldwide 
  • Get 2-step authentication on online purchases with Mastercard’s advanced 3D secure technology

How to get a Crypto Debit or Credit Card in the EU

It’s easier than you think! Chances are, this process is going to be much shorter than any of your previous experiences with traditional banks. 

  1. Choose a Provider: Select a reputable crypto card provider that operates in the EU. Consider hi to couple security & EU compliance with an array of benefits like crypto cashback and rebates on digital subscriptions. 

  2. Download the app: Once you’ve chosen a provider, download their app from the Google Play Store or Apple App Store.

  3. Set up your account: Follow the app’s step-by-step instructions to create your account.

  4. Verify your identity: Complete the Know Your Customer (KYC) process by submitting proof of identity and residence. In the case of hi, you don’t have to be an EU citizen to create an account and order a card: simply provide your European residence details and you’re good to go! 

  5. Order your card: After setting up your account and verifying your identity, you can order your Crypto Debit and Credit Card through the app. 

Learn how to order your hi Crypto-Fiat Debit Card here

  1. Activate and use your card: After receiving your card, activate it via the app. Now, you’re ready to spend your cryptocurrency anywhere traditional cards are accepted! 

Learn how to activate your hi Crypto-Fiat Debit Virtual Card here

Learn how to get started with your hi Crypto-Fiat Debit Physical Card here

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