Crypto 'Debit Cards'

[Lucius]

@NotATether, I don't know if there is an official list somewhere of all those who do not accept coins that have a source in eXch, but if you look at this post it seems that MM is not an isolated case. Someone sends hacked coins to a service and despite everything that service does to prove that it is not laundering coins intentionally, other services start blacklisting them.

The fact that there is no KYC is obviously their biggest problem, and every minor incident is of course used to attack them even harder.

[dim_mak5]

Hi can we summarise posts so far?:

- Which crypto debit cards are linked to MetaMask or hardware wallets that allows the debit card user self-custody of their coins even if the user is asked to transfer to a wallet or address that is required by the card to work without giving up self-custody of coins?

- Which crypto debit cards have the best FX fees?

- Which crypto debit cards have the cheapest fees?

- If there's fees involved then which crypto debit cards provide cashback in BTC or stablecoins?


Which crypto debit cards meets all the criteria above and the only downside for crypto debit cards is no fraud protection? For example if someone has my long card number and expiry date and the 3 digit code and go on a spending spree online then I wont be compensated like the traditional debit cards? If that is the case then how to make crypto debit cards more secure?

[SensitiveEyes]

How are transactions expected to be processed if Metamask refuse coins from eXch?

That's their "problem", but don't live in the belief that everyone uses that service and therefore a lot of things are disabled for them. If the time comes when every transaction is checked, maybe then there won't even be a transactions - because in every transaction you can find a portion of coins that can be considered tainted - although that is completely stupid of anyone who accepts such rules.

It is stupid because chains are connected. They will find something tainted if they look but what is their criteria to decide on tainted coins. The environment should be set in a way which welcomes customers but companies are blacklisting people using funds from eXch.

They actually do that? Huh. Well I have an idea. It basically involves putting your eXch ETH into a smart contract ran by a dApp and then withdrawing to a new address. There are plenty of dApps who haven't gotten the memo yet that can be used for this purpose, just watch out for gas fees. <I cannot believe we are even talking about this, people are treating them like they are some sort of mixer.>

Your advice could fall on deaf ears because the process takes time if people desire a fast transaction. Customers should not be scared of falling in KYC loops by processors or exchanges. Any helpful suggestions which make crypto to be used by more people is welcome. A way to help is by having access to lists with names to avoid.

[Rikafip]

I am sure I saw posts on twitter with people using metamask card.

Yes, people are using it as its in "pilot program" meaning its not available for everyone (as I initially thought).

Which crypto debit cards meets all the criteria above and the only downside for crypto debit cards is no fraud protection?

Probably none, but if you found the one that meets all the criteria you mentioned, let us now.

For example if someone has my long card number and expiry date and the 3 digit code and go on a spending spree online then I wont be compensated like the traditional debit cards? If that is the case then how to make crypto debit cards more secure?

3DS should sort that out.

[Lucius]

For example if someone has my long card number and expiry date and the 3 digit code and go on a spending spree online then I wont be compensated like the traditional debit cards? If that is the case then how to make crypto debit cards more secure?

3DS should sort that out.

The problem is that most virtual cards don't have 3DS - but I've always tried to get around this problem by making sure that if I buy something online with such a card, the amount is close to what I plan to buy online - and on the other hand, if I use the virtual card exclusively through a mobile wallet for POS payments, then I can afford to have a larger amount on such a card.

Of course, that amount is always within the limits of what I consider to be personally acceptable for me - which means that even if something bad happens, it won't significantly affect my financial situation.

[dim_mak5]

For example if someone has my long card number and expiry date and the 3 digit code and go on a spending spree online then I wont be compensated like the traditional debit cards? If that is the case then how to make crypto debit cards more secure?

3DS should sort that out.

The problem is that most virtual cards don't have 3DS - but I've always tried to get around this problem by making sure that if I buy something online with such a card, the amount is close to what I plan to buy online - and on the other hand, if I use the virtual card exclusively through a mobile wallet for POS payments, then I can afford to have a larger amount on such a card.

Of course, that amount is always within the limits of what I consider to be personally acceptable for me - which means that even if something bad happens, it won't significantly affect my financial situation.

Can you please advise on the security you use when you buy online for your virtual card that has no 3DS? Or do you mean Google Pay, Apple Pay and Samsung Pay provide 3DS for your virtual cards in their containers?

[Lucius]

Can you please advise on the security you use when you buy online for your virtual card that has no 3DS? Or do you mean Google Pay, Apple Pay and Samsung Pay provide 3DS for your virtual cards in their containers?

You didn't understand what I wrote - if I want to buy something online for $200, then I can buy a virtual card that is a little more than that. Most of these cards don't have the option to top up anyway, so once you've spent the desired amount, your only concern is exactly how much is left and how to spend it. In other words, even if someone manages to get hold of the data from such a card, all they can do is steal the few $ that are left.

[SensitiveEyes]

Virtual cards which do not have 3DS work seamlessly when you are paying. Do 3DS security rules apply in Google Pay, Apple Pay and Samsung Pay for cards?

Can you please advise on the security you use when you buy online for your virtual card that has no 3DS? Or do you mean Google Pay, Apple Pay and Samsung Pay provide 3DS for your virtual cards in their containers?

[dim_mak5]

Can you please advise on the security you use when you buy online for your virtual card that has no 3DS? Or do you mean Google Pay, Apple Pay and Samsung Pay provide 3DS for your virtual cards in their containers?

You didn't understand what I wrote - if I want to buy something online for $200, then I can buy a virtual card that is a little more than that. Most of these cards don't have the option to top up anyway, so once you've spent the desired amount, your only concern is exactly how much is left and how to spend it. In other words, even if someone manages to get hold of the data from such a card, all they can do is steal the few $ that are left.

Alright so its like you buy many prepaid virtual cards? Isn't there like sticking to 1 virtual card with 3DS security? It be a inconvenience to update like for example your amazon payment details every time whenever you want to buy something from there.

[Lucius]

Virtual cards which do not have 3DS work seamlessly when you are paying. Do 3DS security rules apply in Google Pay, Apple Pay and Samsung Pay for cards?

Virtual cards that do not have a 3DS can be used for online payments where such verification is not required - they say that this is the case in the US, while, for example, in the EU, most online stores require such verification. On the other hand, if such a card supports adding it to a mobile wallet, you can pay with it in any physical store where there is a POS device, and you do not need a 3DS for such transactions.

Alright so its like you buy many prepaid virtual cards? Isn't there like sticking to 1 virtual card with 3DS security? It be a inconvenience to update like for example your amazon payment details every time whenever you want to buy something from there.

Honestly, when I shop online, I often choose to pay in cash when picking up the package or pay directly with cryptocurrencies when possible. When that's not possible, I buy a virtual card in the amount I need. I don't have an account on that platform or anything similar, it may sound strange, but I really don't need one.

[BenCodie]

Thanks, when it comes to crypto debit cards, how does it work?

Usually, your crypto is converted to fiat at the point of sale.

Is the virtual card linked to a wallet that you control with your private key or you have to send your crypto from your own wallet to a cex for the debit card to link to & recognise for it to work?

Do you know which crypto debit cards spend from wallets that you control the keys to?

I am looking for a crypto debit card where I control the keys to my funds. Any exist?

Traditionally it had to be linked to a cex/custodial service, however new solutions like Metamask card are introducing cards that work directly from your wallet (very cool).

What about prepaid crypto cards, these are cards where you send crypto to (lose custody of your crypto)?

They work like normal prepaid cards afaik, they convert to fiat at the time you top them up and are able to be spent from then onward (There's a slight chance I am wrong as I haven't tried enough of these, they may convert at point of sale too).

Dude, take it easy... you are asking to many questions all at once.

I don't think there's anything wrong with a member asking 5 questions about the same subject in a topic within the beginners & help board. It's better than 5 different topics being made per question.

Go through this thread: https://bitcointalk.org/index.php?topic=5473572.0, you are likely going to see the that fits your requirements.

Great thread!

[dim_mak5]

Virtual cards which do not have 3DS work seamlessly when you are paying. Do 3DS security rules apply in Google Pay, Apple Pay and Samsung Pay for cards?

Virtual cards that do not have a 3DS can be used for online payments where such verification is not required - they say that this is the case in the US, while, for example, in the EU, most online stores require such verification. On the other hand, if such a card supports adding it to a mobile wallet, you can pay with it in any physical store where there is a POS device, and you do not need a 3DS for such transactions.

Alright so its like you buy many prepaid virtual cards? Isn't there like sticking to 1 virtual card with 3DS security? It be a inconvenience to update like for example your amazon payment details every time whenever you want to buy something from there.

Honestly, when I shop online, I often choose to pay in cash when picking up the package or pay directly with cryptocurrencies when possible. When that's not possible, I buy a virtual card in the amount I need. I don't have an account on that platform or anything similar, it may sound strange, but I really don't need one.

But most shopping websites including amazon require 3DS cards for payment to go through otherwise if I do get a crypto virtual debit card that has no 3DS then it wont be accepted as payment on Amazon for example?

Or will adding the card to Google pay or Apple Pay or Samsung Pay wallet add 3DS to virtual cards?

[dim_mak5]

From UK applied to Gnosis Card and they flat out rejected me with no reason given.

[NotATether]

From UK applied to Gnosis Card and they flat out rejected me with no reason given.

I guess it might something to do with Brexit, if they were that silent.

But most shopping websites including amazon require 3DS cards for payment to go through otherwise if I do get a crypto virtual debit card that has no 3DS then it wont be accepted as payment on Amazon for example?

Or will adding the card to Google pay or Apple Pay or Samsung Pay wallet add 3DS to virtual cards?

Google Pay and Apple Pay will completely bypass the 3DS checks set by the bank/merchant because hy use their own verification system which ties into the payment system instead of using Visa/Mastercard's API.

The problem is, you're going to have a hard time finding a Google Pay or Apple Pay enabled card that does not also have 3DS. It is such an uncommon configuration.

[dkbit98]

From UK applied to Gnosis Card and they flat out rejected me with no reason given.

This is strange, I don't see UK being listed as one of restricted countries for card usage, maybe they are adding more restrictions:
https://help.gnosispay.com/en/articles/9094801-restricted-countries-for-card-usage

There are not many alternatives for Gnosis card available in United Kingdom, but check out and apply for Metamask card.
They are claiming to be non-custodial card same as Gnosis card, but it is not yet opened for everyone.
https://portfolio.metamask.io/card

[asarfiar]

@NotATether, I don't know if there is an official list somewhere of all those who do not accept coins that have a source in eXch, but if you look at this post it seems that MM is not an isolated case. Someone sends hacked coins to a service and despite everything that service does to prove that it is not laundering coins intentionally, other services start blacklisting them.

The fact that there is no KYC is obviously their biggest problem, and every minor incident is of course used to attack them even harder.

You have said many important things, the KYC policy claims to be a real situation and if this policy is not followed, there will be various problems. An effective step in the safety and ensuring the cryptocurrency and blockchain. An effective step in ensuring security between KYC cryptocurrency and blockchain.

If the KYC policy is not involved in real life, it can cause various weak problems that can have an adverse effect on our cryptocurrency and blockchain. If a company does not follow this KYC policy, they can be immersed in cyber crime and be deceived by hackers. If all these hacked coins receive a service, other companies put them on the list and cancel them. KYC should be accepted as a messageNo problems will cause and cryptocurrency blockchain companies will get a lot of security.

[Kaykk]

I've been looking into non-KYC options for spending stablecoins without the hassle of gift cards, and stumbled on https://www.cryptocards.so while comparing cards—it’s a handy site that helped me filter through tons of crypto debit/prepaid options based on fees, FX rates, and stablecoin support. Ended up picking a virtual Visa card from their list that I preload with USDT; fees are super low (under 1% on spends), FX rates beat most banks, and I add it straight to Apple Pay/Google Wallet for tap-to-pay in physical shops no problem. True non-KYC means no hand-holding support or chargeback guarantees, but for everyday stuff it’s been reliable—no expiry worries or bankruptcy risks like with gift cards.

[satscraper]

For example if someone has my long card number and expiry date and the 3 digit code and go on a spending spree online then I wont be compensated like the traditional debit cards? If that is the case then how to make crypto debit cards more secure?

3DS should sort that out.

The problem is that most virtual cards don't have 3DS - but I've always tried to get around this problem by making sure that if I buy something online with such a card, the amount is close to what I plan to buy online - and on the other hand, if I use the virtual card exclusively through a mobile wallet for POS payments, then I can afford to have a larger amount on such a card.

Of course, that amount is always within the limits of what I consider to be personally acceptable for me - which means that even if something bad happens, it won't significantly affect my financial situation.

I have two virtual cards  ^{Ready and Pavy} and I follow the same personal rule for both i.e. I top them up right before making online purchase with amount that does not exceed the required sum by more than 1 USDC. Pavy works well for US online stores, while Ready is good for EU purchases.

For POS payments I prefer to use my physical Wirex card, which I allow myself to top up with larger amount ^{usually around 1,000 EUR}.

[Peanutswar]

Go through this thread: https://bitcointalk.org/index.php?topic=5473572.0, you are likely going to see the that fits your requirements.

You can direct to the thread recommended by Amphenomenon

Available in physical or virtual cards?

Can virtual cards be used in physical shops?

Apparently its a KYC card but if you want I can share my experience with the crypto.com visa card is they will give you a virtual and a physical card for your transaction and in terms of payment method you must need to store asset of course and it will automatically deducted to the CAD currency once you purchase with my country they dont deduct addictional card because this considered as an international card and use this to pay in a restaurant and even other stores.

[dkbit98]

I've been looking into non-KYC options for spending stablecoins without the hassle of gift cards, and stumbled on..

There are a bunch of websites that aggregate many crypto cards together, one of them is Bitlist.

I have two virtual cards  ^{Ready and Pavy} and I follow the same personal rule for both i.e. I top them up right before making online purchase with amount that does not exceed the required sum by more than 1 USDC. Pavy works well for US online stores, while Ready is good for EU purchases.

That is a good advice.
I would never keep more money on those cards than I am willing to lose.
In past I used and tested several crypto cards and most of them worked fine, but I still consider them risky.