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Yahoo
05-08-2025
- Business
- Yahoo
How to Spend Bitcoin (and Other Crypto) in Person Using a Debit Card in 2025
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Using Bitcoin at your local coffee shop might've sounded impossible a few years ago, but crypto debit cards are making that a reality. Instead of trying to convince a cashier to accept your wallet address, these cards automatically convert your cryptocurrency into fiat currency at the point of sale, letting you tap and pay just like you would with any other Visa or Mastercard. Whether you're a long-term investor looking to unlock the utility of your crypto, or you're simply trying to make digital assets a part of your everyday finances, crypto debit cards can help bridge the gap between the blockchain and the real world. And unlike the clunky prepaid solutions of the early days, today's cards come packed with perks—cashback in crypto, airport lounge access, even rewards on your streaming subscriptions. But before you swipe your Bitcoin for a sandwich, let's break down how these cards work, which ones are best, and what to know before you add one to your wallet. What Is a Crypto Debit Card and How Does It Work? A crypto debit card functions much like the plastic card in your wallet right now—but instead of pulling from your checking account, it draws from your digital assets. You typically start by topping up your crypto debit card through a wallet or exchange app linked to your card provider. When you go to make a purchase, the card provider converts just enough crypto into your local currency to cover the charge. So, even if the merchant never sees your Bitcoin or Ethereum, you're still effectively spending it. Most cards are backed by major networks like Visa or Mastercard, meaning you can use them anywhere those brands are accepted—whether online, in-store, or even at the ATM. Some cards are virtual-only and work great for ecommerce, while others also offer physical cards you can carry. Depending on the provider, the card may support a range of coins and stablecoins, and some even let you toggle which asset gets spent first. It's a sleek way to make crypto functional in daily life without waiting for widespread adoption at the checkout line. Don't Miss: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Why You Might Want to Use a Crypto Debit Card Crypto debit cards aren't just about novelty—they can offer real utility, especially if you already hold digital assets and want more flexibility in how you use them. For starters, they eliminate the friction of converting crypto into fiat on your own before spending it. You don't need to make a sell order, wait for settlement, then transfer funds to your bank. Instead, the card handles that process in real time. For frequent travelers or remote workers earning in crypto, this can be a game-changer—no need to convert to USD or EUR ahead of time. On top of that, most crypto cards come with cashback or cryptoback programs, where you earn tokens back with every purchase. Some offer 1% to 8% back, depending on your staking level or card tier. And since you're already using crypto, it's nice to put those everyday expenses toward building more. Lastly, some cards include luxury perks like lounge access or partner discounts, which can turn a simple transaction into something more rewarding. If you already believe in crypto long-term, these cards are a natural extension of that lifestyle. The Best Crypto Debit Cards You Can Use Right Now If you're ready to spend your Bitcoin like cash, not all crypto debit cards are created equal. Some cater to frequent traders, others to passive holders, and some to international users who need multi-currency support. One of the most reliable options for U.S. users is the . It links directly to your Coinbase account and supports a rotating list of crypto rewards, including Bitcoin, Ethereum, and even stablecoins like USDC. There's no annual fee, and you can use it anywhere Visa is accepted. If you're in the UK, the is one of the best choices, supporting over 250 digital assets, fiat currencies, and even precious metals. It charges no foreign transaction fees and offers 1% cashback in GBP. For those who value security and control, the shines—it offers real-time transaction alerts, card freezing, and military-grade encryption, plus crypto-backed credit lines and staking rewards. Meanwhile, the is a top pick for cashback, with up to 8% rewards, rebates on Netflix and Spotify, and tiered benefits based on how much CRO ( native token) you stake. Fees and Fine Print to Watch For As convenient as crypto debit cards are, they aren't fee-free. Every provider has a slightly different fee structure, so it pays to read the fine print. Most cards have zero annual fees on their base tier, but the best rewards are often locked behind paid subscriptions or token staking requirements. For example, higher cashback rates require staking thousands in CRO for a set period. You'll also want to keep an eye on conversion fees—most providers charge between 1% to 3% to convert crypto to fiat when you spend. ATM withdrawal fees may apply, especially for international cash access. And some providers tack on inactivity fees or reissue charges for lost cards. Another important consideration is how your credit or debit card issuer treats crypto top-ups. Some treat them as cash advances, which can lead to additional fees and interest. Lastly, tax reporting can be a headache. Every time you spend crypto, you're technically triggering a taxable event, which may require you to track capital gains on each transaction. Some card providers offer reporting tools or integrations, but it's worth keeping detailed records. Are Crypto Debit Cards Safe to Use? Generally speaking, yes—crypto debit cards from established platforms like Coinbase, and Nexo follow strict security protocols. That includes two-factor authentication, 256-bit encryption, transaction monitoring, and fraud protection. Many of these cards require KYC verification before issuing, meaning your identity is tied to the account. That can be a tradeoff for some privacy-conscious users, but it also makes it easier to recover funds if your card is lost or stolen. Some cards even allow you to generate virtual cards for safer online transactions. That said, no system is foolproof. Crypto is still a relatively new space, and exchanges can be vulnerable to hacks, insolvencies, or technical issues. It's smart to avoid keeping your entire crypto balance in a linked wallet, and always monitor your account for suspicious activity. Treat your crypto card like any other high-value financial instrument—with caution, backups, and a plan in case something goes wrong. As long as you're using a reputable provider and practicing good security hygiene, crypto debit cards are a practical and increasingly mainstream way to use digital assets in the real world. See Next: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. This article How to Spend Bitcoin (and Other Crypto) in Person Using a Debit Card in 2025 originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-06-2025
- Business
- Yahoo
Coinbase and American Express to launch 4% bitcoin reward card
Coinbase has announced it will launch its new Coinbase One Card later this year in partnership with American Express. The card will run on the American Express network while being issued by First Electronic Bank. With up to 4% bitcoin back on purchases, this is welcome news for cryptocurrency enthusiasts seeking more competition in the crypto credit card market. However, it's too early to tell if this offering is better than what's currently available with crypto-based Gemini Credit Card or even an everyday cash-back credit card. The Coinbase One Card launches in fall 2025 — you can sign up now for the early-access waitlist using the Coinbase website. Earn between 2% and 4% bitcoin back on every purchase — you can unlock the higher earning rates by holding more assets with Coinbase. It's only available with a Coinbase One subscription, which will soon be available to all customers starting at $49.99 per year. The Coinbase One Card is only available in the U.S. (excluding U.S. territories). While more details will be released in the fall, here's what we know about the Coinbase One Card for now. Cardholders will earn 2%, 2.5%, 3%, or 4% bitcoin back on purchases, depending on their Coinbase assets. The more Coinbase assets you hold (we don't know specific numbers yet), the higher your earnings rate. It isn't explicitly stated whether the Coinbase One Card has an annual fee. Our assumption is that it won't because you have to pay for a Coinbase One subscription to qualify for the card. One of the FAQs on the landing page also states that 'the Coinbase One Card is exclusively available to Coinbase One members at no added charge.' Apart from the rewards rate, there are no foreign transaction fees. Cardholders also receive Coinbase One and American Express benefits.$0 trading fees on the first $500 per month in trades (a spread applies) 4.5% APY on USDC rewards (on the first $10,000, then 4.1%) 5% more staking rewards on ETH, SOL, and other eligible assets $120 ($10 per month) transaction credits on BaseAccess to Amex Offers and Amex Experiences (perks only available on American Express credit cards) Car rental loss damage Emergency assistance Extended warranty Lost luggage insurance Retail protection Return protection Roadside assistance Trip cancellation and trip interruption The Coinbase One Card is only available to eligible applicants who are Coinbase One members located in the U.S. (excluding U.S. territories). Coinbase One is a monthly subscription that provides different benefits depending on which subscription tier you sign up for. For example, the Basic tier provides zero trading fees on simple trades (a spread applies) up to a certain dollar amount per month. However, the Premium tier has no set dollar amount, giving you unlimited simple trades with zero trading fees. Coinbase One Basic currently costs $29.99 per month or $299.88 per year. Coinbase One Premium costs $299.99 per month. You can pay for Coinbase One with a linked bank account, linked debit card, linked PayPal account, fiat wallet, or crypto. On the topic of Coinbase One subscriptions, Coinbase has stated that 'annual memberships starting at $49.99/year will be available to all customers soon.' We don't yet have all the information for the Coinbase One Card, but based on what we do know, here's how it compares to the Gemini Credit Card. If earning BTC is your priority, the Coinbase One Card looks like the better option because you can earn up to 4% back on every purchase. We don't currently know if there's a limit to how much you can earn at this rate, but we do know the 4% rate on the Gemini Credit Card has a limit of $300 in spend per month, then the rate drops to 1% for the rest of the month. The Gemini Credit Card is also less appealing because its rewards rate is separated into different bonus categories. Compare this to the Coinbase One Card, which has a flat rate that rewards you for any type of eligible purchase, regardless of category. However, the Gemini Credit Card has a welcome bonus, and we don't know if the Coinbase One Card will have one. You can also earn over 50 types of cryptocurrency with the Gemini Credit Card, while the Coinbase One Card seems to be solely focused on bitcoin. Related: Can you buy crypto with a credit card? This article was edited by Alicia Hahn. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
Yahoo
06-06-2025
- Business
- Yahoo
Bitcoin Bull Run On The Brink As Long-Term Holders Accelerate Profit-Taking: Report
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin's (CRYPTO: BTC) sharp rise to an all-time high of $111,800 has entered a decisive phase, as data from Glassnode reveals intensified profit-taking by long-term holders. What Happened: The surge, initially driven by aggressive spot buying, is now encountering persistent sell pressure from earlier market participants, posing a critical test of the market's resilience. Glassnode's on-chain analysis released on Thursday shows that key support levels at $103,700 and $95,600 will likely determine whether bullish momentum can be sustained. "With key support at $103.7k and $95.6k, and signs of older investors offloading, the bulls now face a critical test of their resolve," the report states. Don't Miss: Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. While the current cycle has delivered multiple high-profit waves, the latest realized profits peaked at $1.47 billion per day, marking the fifth major sell event of this rally. Notably, the majority of this selling is being led by investors holding Bitcoin for over a year, indicating that this is not driven by speculative short-term traders but by conviction-led capital rotation. Historical accumulation zones, previously demand-heavy, have flipped into active distribution zones, particularly among holders who bought in the $25K–$31K and $60K–$73K ranges. Why It Matters: The shift signals a deeper market rotation, where seasoned holders are choosing to de-risk rather than bet on further upside. Cost basis and statistical models further highlight $103,700 and $95,600 as critical supports. A breakdown below these levels, particularly without a strong demand-side catalyst, could indicate broader trend exhaustion. Meanwhile, the resistance ceiling remains at $114,800. Short-term holder behavior also plays a role. The average cost basis for recent buyers sits at $97,100. If Bitcoin trades below this threshold for an extended period, it could challenge bullish sentiment among newer participants. Glassnode also notes that the profit-taking behavior has become more measured compared to prior bull cycles. While still intense, this regime suggests maturing investor psychology and decreasing speculative excess. The current cycle shows lower realized profit as a percentage of market cap compared to previous tops, reinforcing the idea of more structured capital flows. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock This article Bitcoin Bull Run On The Brink As Long-Term Holders Accelerate Profit-Taking: Report originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
Anthony Scaramucci Says Sam Bankman-Fried's 25-Year Sentence Is 'Too Steep'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, has expressed concern over the length of Sam Bankman-Fried's prison sentence, calling the 25-year term excessive despite being personally impacted by the collapse of FTX. "Is 25 years too steep of a price? I think it is," Scaramucci said during an interview with Crypto in America. "I think it's too steep of a price for what he did." Bankman-Fried, the founder of cryptocurrency exchange FTX, was sentenced to 25 years in federal prison in March 2024 for orchestrating one of the largest financial frauds in recent history. Don't Miss: Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. A federal jury had convicted him in November 2023 on seven criminal counts, including wire fraud and conspiracy to commit money laundering. Prosecutors alleged he misused billions of dollars in customer deposits to fund speculative investments, political contributions, and luxury real estate purchases. Scaramucci's comments come as a surprise given his direct involvement as an investor and victim of the FTX scandal. "Even though he harmed me, guys, I'm a victim of his crime," Scaramucci noted. "The guy really hurt my reputation. He hurt my business. I'm still entangled in the goddamn thing, you know?" Despite the personal damage, Scaramucci stated he does not hold resentment toward Bankman-Fried. "But I don't have anything other than a bad feeling for Sam. I don't have a vengeful feeling for him or anything like that," he added. While Scaramucci said he would not support a presidential pardon, he did indicate support for a reduced sentence. "Commuting his sentence or reducing his sentence would be something that if someone came to me and said, 'Hey, would you reduce his sentence?' I would say yes," he said. Bankman-Fried's sentencing followed a high-profile trial that became a defining moment in crypto's legal reckoning in the United States. Once a prominent figure in the digital asset space, Bankman-Fried's downfall sent shockwaves through the industry, eroding investor trust and prompting renewed regulatory scrutiny. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock This article Anthony Scaramucci Says Sam Bankman-Fried's 25-Year Sentence Is 'Too Steep' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
Ross Ulbricht, The Silk Road Founder Pardoned By Trump Soon After His Inauguration, Receives A Whopping $31 Million Worth Of Bitcoin In Donation Wallet
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A wallet linked to Ross Ulbricht, the creator of illegal drug marketplace Silk Road, received over $30 million in Bitcoin (CRYPTO: BTC) on Saturday, sparking intrigue among the cryptocurrency community. What Happened: According to on-chain tracker Lookonchain, Ulbricht's donation wallet received a transfer of 300 BTC, approximately $31.47 million. Hours later, the stash was transferred to another wallet, details about which remained unknown as of this writing. A message sent to the Instagram accounts of Ulbricht and his wife by Benzinga did not receive an immediate response. Trending: — no wallets, just price speculation and free paper trading to practice different after, theories and conjectures arose, with observers making various claims. A cryptocurrency commentator called CR1337 said, 'You want to tell me that a single entity donated 300 BTC, more than $30M, to Ross Ulbricht, and that this is not just one of his old wallets and he sent it to himself?'Another user, Execute, meanwhile, invoked the ideas of 'freedom, privacy, and justice' while discussing the massive transfer. Meanwhile, Ulbricht has managed to raise nearly $1.3 million in pledged BTC by auctioning off personal items from before and during his imprisonment through the Bitcoin auction platform Scarce City. The items included his prison ID card, prison notebok and artworks he created while imprisoned. Why It Matters: Ulbricht was pardoned by President Donald Trump earlier this year as part of a campaign promise. Ulbricht was serving a double life sentence since 2013 for creating the darknet website Silk Road—a hub of the illegal trafficking of heroin, cocaine, LSD, and other substances, all paid for in Bitcoin. Shortly after the pardon, wallets belonging to Ulbricht were discovered, containing as many as 430 BTC unmoved for over 13 years. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Photo Courtesy: Paopano on Send To MSN: Send to MSN This article Ross Ulbricht, The Silk Road Founder Pardoned By Trump Soon After His Inauguration, Receives A Whopping $31 Million Worth Of Bitcoin In Donation Wallet originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
