Top Crypto Cards in Australia
There are a variety of cryptocurrency cards all over the world, but a majority of them are not supported in Australia. This is because Australia has more complex regulations around spending cryptocurrencies than other countries like the United States. We have compared the options available to Aussie investors and identified the five top choices. Below is a detailed overview of the best crypto debit cards in Australia.
1. CoinSpot Mastercard
The CoinSpot Mastercard was launched in October 2022 and has already become one of the top-performing crypto cards due to its competitively low fees, ease of use and diverse selection of tokens to spend. CoinSpot has the largest user base of any Australian exchange, with over 2.5 million customers. If you want to learn more about CoinSpot, visit our CoinSpot Review.
- Card Fees: 1% fee on all transactions, no additional fees.
- Card Type: Digital Card available via Apple Pay & Google Pay.
- Available Tokens: 380+ supported cryptos, view the full list here.
- Daily Limit: $4999/Day.
- Eligibility: Verified (KYC) CoinSpot account required.
2. Bybit Mastercard Card
The Bybit Mastercard is new, only launched in February 2023 and has already amassed 2 million card holders. As a leading global cryptocurrency exchange, it boasts over 10 million registered users. The Bybit card allows users to spend five tokens; Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Tether (USDT), and USD Coin (USDC), which can be spent at any merchant that accepts Mastercard deposits. To learn more about this exchange, visit our Bybit Review.
- Card Fees: 0.9%% fee on all transactions, additional 0.5% forex fee.
- Card Type: Digital Card.
- Available Tokens: ETH, BTC, XRP, USDT & USDC.
- Daily Limit: $1000/Day.
- Eligibility: Verified (KYC) Bybit account required.
3. The CoinJar Mastercard
The CoinJar Mastercard was the first Australian crypto debit card and was launched in August 2021. It’s a popular option to earn points on purchases and redeem 'CoinJar Rewards Points' for gift cards at well-known retailers like JB Hi-Fi. However, the points take a while to accumulate, and the card charges high fees. To learn more about CoinJar, visit our detailed CoinJar Review.
- Card Fees: 1% fee on all transactions, 3% on foreign transactions, 1% for ATM withdrawals and a $27.50 AUD fee for transaction disputes.
- Card Type: Physical and digital card supported on Apple Pay & Google Pay.
- Available Tokens: 50+ supported cryptos, view the full list here.
- Daily Limit: $5000/Day.
- Eligibility: Verified (KYC) CoinJar account required.
4. The Crypto.com VISA Card
The Crypto.com VISA Card was the first crypto debit card globally and was launched in November 2018. However, we do not recommend using this card. There is a 180-day waiting period where you need to stake CRO (Crypto.com's native currency) for 6 consecutive months before you can apply for the card. To learn about Crypto.com, visit our Crypto.com Review.
- Card Fees: 1% fee on all transactions, 3% on foreign transactions, 2% for ATM withdrawals, 1% Top-Up fee, $10-$70 AUD fee for closing account or reissuing card & $5AUD fee per month after 12 months of inactivity.
- Card Type: Physical Metal Card.
- Available Tokens: 250+ Supported Cryptos, view list here.
- Daily Limit: $30,000/Day & Month.
- Eligibility: Verified (KYC) Crypto.com required plus the applicant must have staked CRO for six consecutive months before applying.
5. The Uphold Mastercard
Technically, this card is available to Aussies but only ones with proof of address in the UK. The Uphold crypto debit card allows users to spend 250+ cryptocurrency with minimal fees. Additionally, Uphold is a multi-asset exchange that supports various other assets, including commodities like Gold and Copper. To learn more about this exchange, visit our Uphold Review.
- Card Fees: 0% foreign transaction fees but 1.2% - 1.5% trading fee.
- Card Type: Digital card available via Apple Pay & Google Pay.
- Available Tokens: 250+ supported cryptos, view the full list here.
- Daily Limit: $10,000/Day.
- Eligibility: Verified (KYC) account is required and must have proof of address in the UK.
How to use a Crypto Debit Card in Australia
For the best overall experience, we recommend using the CoinSpot Mastercard as it offers the widest range of tokens to spend, and the sign-up process only takes around 5 minutes for approval. It also offers the lowest fees out of all the crypto debit cards available to Australian investors.
Follow the below guide to use a crypto debit card in Australia:
- Download the CoinSpot app via the Apple Store or the Google Play Store.
- Create an account on CoinSpot and complete the identity verification process.
- Deposit AUD (or Crypto) onto your CoinSpot account and purchase tokens (for AUD).
- Tap your profile icon, click 'CoinSpot Mastercard', then 'Contact Support' to apply.
To summarise, cryptocurrency debit cards provide a practical way for investors to use their digital assets for real-world purchases, acting similarly to standard debit cards. Our detailed investigation identified five of the best crypto debit cards available for Australian users: CoinSpot Mastercard, Bybit Mastercard, CoinJar Mastercard, Crypto.com VISA Card, and Uphold Mastercard.
All these cards are linked to their respective crypto exchanges, with varying card fees, crypto token availability, daily limits, and eligibility requirements. Among them, the CoinSpot Mastercard is the best overall choice due to its competitively low fees, wide selection of spendable tokens, user-friendly interface and easy sign-up process.