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Crypto Debit Card NZ: What Are Your Best Options?

Crypto visa debit cards are prepaid cards that can be loaded up with cryptocurrencies, such as Bitcoin and Ethereum, to be used daily.

Posted June 30, 2020

Illustration of a crypto debit card next to a pile of bitcoins.
Illustration of a crypto debit card next to a pile of bitcoins.

Now that we could have a crypto debit card to pay for everyday goods and services with cryptocurrency, we can move aside Airpoints and Flybuys. And you can even get rewarded with ‘crypto-back’ for doing so!

Yes, that’s earning cryptocurrencies as you spend. Not long ago, people were still wondering how to use cryptocurrencies like Bitcoin and Ethereum in real life. Most cryptocurrency holders were frequently obliged to move their crypto assets into their New Zealand (NZ) bank account before they could spend it.

This practice, however, was not without faults – by the time you cash out your cryptocurrency to spend, the exchange rate may have already changed. The option of having a crypto visa debit card minimises this problem.

Crypto visa debit cards are prepaid cards that can be loaded up with cryptocurrencies such as Bitcoin and Ethereum and can be used on the day to day – just like you would with your NZ visa debit bank card. A debit card means that you do not get a bill at the end of each month like a credit card.

What is the best crypto debit card in New Zealand (NZ)?

We’ve had a discussion with the Easy Crypto team about crypto debit cards, and what constitutes a feature set that would suit your lifestyle best.

In case you haven’t read it yet: Click here to read our thoughts about using cryptocurrency in our daily lives.

We’ve pulled out four cryptocurrency debit cards that are available in New Zealand:

  • Wirex – cheap and easy for Kiwis access
  • – sleek metal card and a range of reward options
  • TenX – and historic choice for many kiwi
  • Crypterium – higher limits for the big spenders!

Let’s dive straight into it!

Wirex Cryptocurrency Card

The Wirex cryptocurrency card

Wirex is a multi-currency crypto wallet and card, and its debit card is one of the most popular choices on the market.

Its pastel-green debit card supports the conversion of several major cryptocurrencies such as Bitcoin and Ethereum. Its popularity is mostly due to two reasons: it is cheap and available in many countries. It charges no issuance fee, and lucky for Kiwis, we don’t have account maintenance or card maintenance fees either.

Wirex’s standard card delivery to New Zealand is also free. Wirex has a native built-in utility token (WXT) and depending on whether you hold their token, you can receive up to 1.5% with their Cryptoback rewards programme.

When you load it up in fiat currency (NZD) you do not pay a fee, but a 1% fee when you load your card up in cryptocurrencies. Transactions in-store and online have no fees, and ATM withdrawals up to about $440 NZD per month are free. The best part about Wirex, you have the option to load stable coins onto them – yes, no worries about the volatility! Cryptocurrency Card

The MCO ( cryptocurrency card

Alright, I must admit I’m really into the aesthetics of the debit cards offered by Did I mention that it’s made up on composite metal? They provide a five-tier option with their cards, yes that’s five different cards you can choose from – each having a different colour. The tiered option depends on the number of CRO coins you hold; each tier has its own reward levels with some even offering you a rebate on your Spotify or Netflix subscriptions.

Although there are no issuance, maintenance, or transaction fees, you are required to hold CRO coins to get these cards. Cardholders have the option to “stake” their CRO coins for 6 months, meaning locking up your CRO coins as a crypto asset for 6 months to help secure the blockchain network.

In return, you are rewarded with CRO tokens. Their free monthly withdrawal limit is up to about $1500 NZD. A point to note is that cardholders can only currently pre-load major fiat currencies (e.g. USD, GDP, AUD) onto their debit card – this means you can’t load NZD onto your card, but you can still load it up with cryptocurrency. ????

TenX Cryptocurrency Card

The TenX cryptocurrency card

For Kiwis, TenX charges a USD$15 card issuance fee. A really cool option they offer is a virtual cryptocurrency debit card which costs you USD$5. This caters to those of you who are IT-savvy. You also get to try the card out for free in the first year. However, there is a subsequent USD$10 fee per year.

Unless you spend more than USD$1000 in that year, then this fee is waived. The TenX card only accepts Bitcoin, Ethereum and Litecoin. They do not charge a deposit fee or foreign exchange fee. However, it will be useful to take note of the exchange rate spread (i.e. buying and selling rate of the currency).

Crypterium Cryptocurrency Card

The Crypterium Crypto Card

While the previous three cards use the Visa payment system, the Crypterium card offers the UnionPay payment system for Kiwis. It too supports major currencies like Bitcoin and Ethereum. They charge an issuance fee of about $39NZD, but there is no ongoing maintenance fee.

There is a load fee that is calculated using the equation: $1USD + 2.0% = 0.5% gas, sounds a little complex, but the plus side is that there is no conversion or transaction fee. Crypterium also has a much larger limit for their card and do not have an ATM limit. Maybe this card is for the big spenders?

Alan’s Tried and Tested Review: ✔️

A person is using Wirex cryptocurrency card to buy food and beverages
Alan made his first purchase using his Wirex card in Malaysia! ????

Spoilt with options? Not knowing which one to choose? Well, to offer you an honest review, I’ve caught up with the tech brains of Easy Crypto, Alan, to see what he has to say. Alan currently uses Wirex, and Ten X, and is awaiting his Crypterium card to arrive. 

For most cards, it took between 3-5 days for them to arrive, and that’s even during the covid-lockdown! Crypterium, however, is experiencing a bit of a delay and a slight issue on card issuance to New Zealand.

Based on Alan’s first-hand experience of using Wirex, and Ten X, we’ve put together a review comparing the card’s ease of deposit; ease of purchase and app’s usability (i.e. how easy it is to navigate).

CardEase of depositEase of purchaseApp’s usability
Get your card here
There are stable coins options!
There are times when online purchases do not go through as the merchant does not accept the card. This happened when purchasing on Amazon.
Get your card here
Unlike the other cards, and most New Zealand bank cards, this card uses a 6-digits PIN. Some retail merchants will require you to sign the receipt. However, if there’s a Paywave option then you’re all good. 
The app is confusing – not the easiest to navigate.
Get your card here
Limited cryptocurrency options

Each card has its pros and cons, and depending on your lifestyle, some may better cater to you than others. Asking around our Easy Crypto team, the Wirex card is hands down the most popular option. What do you think? 

Without a doubt, the options to spend your crypto assets are growing. Cryptocurrency is reconstructing our financial world with the offering of transaction speed, privacy, cost, and convenience, and a debit card is that helpful ‘bridge’ between the old and new world.

The example of crypto debit cards that are available in New Zealand (NZ) and also other countries

More people are turning to cryptocurrencies such as Bitcoin and Ethereum as both a fruitful investment opportunity and a fast, secure, and reliable payment method.

Cryptocurrency debit card options make the process of spending your digital assets much easier. After all, no one wants to jump through hoops to exchange their cryptocurrency just to buy coffee or lunch. 

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Last updated December 6, 2021

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