The real-world use cases of crypto are only growing. 💪 If you do not have a crypto credit or debit card yet, it might be time to get one. But what is the difference between them? 👀 CoinMarketCap's got the answer for you 👇
a ride-hailing service on its mobile app. So, if you do not have a crypto credit card yet, it might be time to get one.And what is the difference between crypto credit and debit cards?What Is a Crypto Credit Card?
With crypto credit cards, you borrow money from the card company just like with a regular credit card — it is still abig difference between regular credit cards and crypto credit cardsFor example, you can receive points for making a purchase with a crypto credit card . The bigger the value of the purchase, the more points you receive. But with a crypto card, the point balance can then be converted into cryptocurrency.
Although some retailers accept crypto — and probably more will in the future, if the past is any indication — you still have to pay with fiat currency at most places. This fiat paymnet issue highlights another advantage of crypto rewards cards —. Since all the crypto rewards cards use the big payment processing networks like Visa, Mastercard and others, this could be your opportunity to use your crypto instead of just letting it idly sit there .
Just like with crypto credit cards, these debit cards operate with Visa and Mastercard and can be used wherever they are accepted . Moreover, you will be able to withdraw cash from these cards as well.with crypto credit cards. The size of your credit line depends on the eligibility criteria set by the issuing institution.obligation — and this could be confusing to crypto newcomers.
Moreover, crypto can be volatile, so the value of your rewards could go down over time . That type of investment is maybe not for everyone. You should check out the terms and conditions of different cards diligently before making a decision, particularly if you do not spend a lot of money or if your credit history is not the best.
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