Compare Every Crypto Credit Card Available In Canada (2022)

With the adoption of Crypto increasing exponentially, more and more financial institutions and crypto exchanges are offering ways to pay using your crypto or fiat while earning crypto rewards.

I use the Crypto.com pre-paid visa and love it. It’s an easy way to automatically invest my cashback rewards into crypto and let it grow, completely hands off.

I’ve also used the Wealthsimple pre-paid visa, I’ll explain why I chose Crypto.com over Wealthsimple in my review of the Crypto.com card below.

Which crypto cards aren’t available in canada?

Unfortunately, there aren’t many options when it comes to choosing a crypto card in Canada and some of the most appealing crypto cards aren’t available.

Popular crypto cards that aren’t available in Canada include:

*Binance exchange is available in Canada, but not Ontario. However, their card is not offered in Canada.

CompanyCashback
*Binance0.1 – 8%
CoinbaseUp to 4%
Voyager1-3%
Nexo2%
Blockfi3.5% 1st 3 months
1.5% thereafter

Will any of these cards ever be available in Canada?

Based on my research, here’s what I’ve learned:

Nexo: Plan to offer their card in Canada but no estimated date has been set.

Voyager: Estimate to offer their card in Canada by Sept-Nov 2022.

Blockfi: Plan to offer their card in Canada but no estimated date has been set.

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Binance: Plan to offer their card in Canada but no estimated date has been set.

Coinbase: Couldn’t find much info.

Which Crypto Cards are available in canada?

Based on my research, here’s the crypto cards available in Canada:

CompanyCashback
Crypto.com1 – 8% in CRO
Wealthsimple1% in crypto, stock, or cash
Netcoins1% in Bitcoin
Shakepay1% in Bitcoin

Why Use A Crypto Credit Card?

Rewards

Most crypto cards offer generous cashback rewards in the form of crypto. This allows you to invest into your future automatically.

Some companies offer other enticing rewards beyond cashback.

Earn higher interest rates

You can earn much higher interest rates by converting your money from fiat into crypto. For example, you could earn anywhere from 1.5% – 10% APY on USDC stable coin instead of a measly 0.05% in your bank savings account.

Avoid the banks

With recent events around the world—i.e. freezing bank accounts and the threat of a collapsing currency—many people, myself included, have lost trust in the current financial system.

Therefore, people like us are holding our assets in the form of crypto and stable coins.

What are the best crypto credit cards in Canada?


crypto.com crypto visa credit card
crypto visa card canada
Summary
Crypto.com is trusted by over 40 million users. Despite the unfavorable changes being made to the rewards, this pre-paid Visa card remains at the top of my list for Canadians. Outside of Canada, there are better options IMO.
Cashback
8
Additional Rewards
9
Fees
9
Card Quality
10
Ease of Use
7
pros
Up to 8% cashback
Free Spotify and Netflix
Option to use crypto as collateral and make payments
Beautiful stainless steel card
Pre-paid Visa, no credit checks
cons
Must invest into CRO coin for enhanced rewards
Cashback in CRO only
0.5% currency exchange fees
8.6
Check out crypto.com

Card Tiers

crypto card canada
crypto.com visa credit card rewards
crypto.com visa credit card fees

Why did i choose the Crypto.com Card over the others?

I think since you have to invest into the CRO coin to reap higher rewards, you must believe in Crypto.com as a company and the future of their native coin—CRO, which I do.

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I believe they have a very bright future and will overtake Binance as the top crypto exchange in the future.

Their marketing is phenomenal and project to have 100 million users by the end of 2022.

They are the official sponsor of the FIFA World Cup in November and this will undoubtedly expose them to millions, if not billions, of potential new users.

Their partnership with Shopify to accept payments in crypto is a gamechanger as well.


wealthsimple
crypto card canada 1
Summary
Wealthsimple is trusted by over 1.5 million Canadians. While their card only offers 1% cashback, you have the ability to choose which crypto you want to earn back. With this card, you trade lower rewards for flexibility and ease of use.
Cashback
6
Additional Rewards
Fees
10
Card Quality
6
Ease of Use
10
pros
Cashback as crypto of choice, stock of choice, or cash.
ACH bank transfers to fund card
Pre-paid Visa, no credit checks
1% cashback
cons
Can’t use crypto as collateral or to pay off card
Card isn’t the best quality
6.4
Check out wealthsimple

netcoins
crypto cards canada 1
Summary
Netcoins is powered by KOHO, a banking app trusted by over 40,000 Canadians. Your crypto can be trusted in their hands. Earn 1% cashback in Bitcoin with the Netcoins crypto card.
Cashback
7
Additional Rewards
Fees
6
Card Quality
8
Ease of Use
8
pros
3% cashback for 1st 3 months, 1% cashback theereafter
E-transfers take seconds
Pre-paid Visa, no credit checks
cons
Cashback in Bitcoin only
1.5% foreign exchange fee
$1 per month inactivity charge starting month 13 of non-use
5.8
Check out netcoins

shakepay crypto visa credit card
crypto visa cards canada
Summary
Shakepay is trusted by over 1 million Canadians. They only offer a virtual Visa card that offers 1% cash back as Bitcoin.
Cashback
6
Additional Rewards
Fees
10
Card Quality
Ease of Use
10
pros
Cashback as crypto of choice, stock of choice, or cash.
ACH bank transfers to fund card
Pre-paid Visa, no credit checks
cons
Can’t use crypto as collateral or to pay off card
Virtual card only
1% cashback
5.2
Check out shakepay

Want more Info On some of these companies?

If you’ve never heard of some of these companies chances are you’re looking for more info on them.

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I wrote a review comparing cryptocurrency exchanges for Ontarians and Canadians that offers much more detail into each of the companies above.

You can check that out HERE.

May you awaken
May you see clearly
May you be love

Take care ♥

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