What is a crypto debit card? How people spend crypto with a card
By SendPay Business · · 2 min read
- 1Your card appears in your app
- 2Tap it to pay in a shop
- 3See every payment as it happens
A crypto debit card lets you pay in shops and online using crypto you hold with the card provider. The shop never receives crypto: at the moment you pay, the provider sells some of your crypto and pays the shop in normal money through a card network such as Visa or Mastercard.
How a payment works
- You pay by card as normal, in person or online.
- The card provider sells enough of your chosen crypto to cover the amount.
- The shop is paid in its own currency through the card network.
- The sale of the crypto and the payment both appear in your app.
Fees to watch
Look for a conversion fee or spread on each payment, fees for spending in other currencies, ATM fees and any monthly charge. Cashback paid in crypto can look generous but rises and falls with the coin's price.
Try it
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A UK tax point
In the UK, spending crypto counts as disposing of it for Capital Gains Tax. If the coin has risen in value since you bought it, each card payment can create a small gain that may need to be counted.
Where SendPay fits
SendPay platforms give your customers branded Visa cards and let them buy, sell and hold crypto in the same app, with assets held by regulated partners. Ask us how cards and crypto work together on your platform type before you launch.
How it works
Your own money app- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
Why sign up
Create your free SendPay account
It's all about creating your own financial platform with ease. Start with a free account today.
- 🪪A free business accountOpen it in about a minute with your business name, email, password and mobile. No card and no documents to start.
- 💳Get paid from day oneTake card payments, and share your own payment link and invoices so customers pay in a click.
- 🌐A free business websiteFree to build, free to publish and free to keep, with unlimited visits.
- 🚀Your own financial platformDesign and preview your whole platform free, then launch when you are ready.
SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.
Questions people ask
What does a prepaid card cost in a year?
Add up its fees with the free calculator.
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Spotted a mistake or something out of date? and we'll fix it. How our guides are made
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.