Do You Live In Canada?
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Want to earn Bitcoin or crypto cash back instead of fiat or loyalty points? We found 9 Bitcoin and crypto reward cards that are available for Canadians. This page compares all 9 cards across 20 variables and 180 data points. We update this page regularly but this info is subject to change.
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Published on April 20, 2022. Refer to the rest of this page for the most updated info.
Right now, every crypto "credit card" in Canada is a prepaid card that lets you spend CAD in order to earn crypto as rewards. Prepaid cards work just like a debit card but still give you rewards like a credit card. Since no borrowing is involved, there is no credit check and no minimum requirements to get a card. You also don't have to worry about harming your credit score or paying interest.
There are no cards in Canada that we've found that let you actually spend cryptocurrency. However, there are cards internationally, like the Binance Card, that let you do it so it's going to come eventually.
The tables at the top of this page provide all the features you need to consider when finding the best crypto or Bitcoin reward card. The most important things to consider are what you'll use the card for, the rewards and incentives, the payout frequency, and the fees.
Most crypto cards are issued by cryptocurrency exchanges, which require KYC (know your customer) to sign up. In simple terms, it means you need to verify your identity to sign up for the platform. Once you've signed up for the exchange, you can usually get the card right away since there is no credit check or minimum income requirements.
Signing up for a Canadian crypto exchange typically takes 5-10 minutes and requires info like this:
Many platforms will verify you instantly but it can take a few days as well. Once your account is open, you can immediately get your physical or virtual card.