Top Crypto Debit Cards in Australia

Want to spend your crypto gains more readily, without complex off-ramping steps? A crypto debit card makes the crypto you already own easier to spend, without having to exchange your assets for cash first. 

By using a crypto debit card, conversion of cryptocurrencies happens at the point of sale — for instance, when you complete an online checkout form or swipe your card through an Eftpos machine.

Sounds convenient, right? But there are a number of crypto debit cards to choose from in Australia, so follow our guide below to explore which card best suits your needs.

What Is a Crypto Debit Card?

With blockchain’s role in mainstream finance still evolving, it’s kind of unrealistic to expect widespread adoption of ‘pay with crypto’ solutions at every store, website or business. 

Crypto debit cards piggyback on the networks of reputable payment processors — Visa and Mastercard primarily — to remove the barriers to paying with crypto through existing payments infrastructure. When you pay with a crypto debit card, your Bitcoin (or ETH, USDC etc.) is converted to local currency, in real-time.

A common way companies incentivise people to use crypto debit cards is offering rewards — usually a percentage of the value of your purchases returned to you in crypto. Like bank cards, there may also be fees involved. 

A debit card draws on funds/assets you already hold, directly from your account. Debit cards avoid the risk of spending money you actually can’t afford to repay, or accruing interest (unlike a credit card). 

The term crypto debit card is also used to describe what is essentially a prepaid card. Many crypto cards require that you load funds onto the card beforehand, and make top-up payments as needed to replenish the funds available to be spent.

There are a few important factors to note about crypto debit cards:

• The value of your funds is affected by the over-the-counter (OTC) exchange rate. If you’re converting Bitcoin (BTC) to Australian dollars (AUD), and the BTC token price drops significantly just prior to payment, more of your digital asset is needed to cover the transaction cost.
• Spending with your crypto debit card is taxable in Australia. It may not be a big issue if you only plan on occasional purchases. Note, in addition to the extra tax burden, you’ll have to consider how you’ll keep track of potential capital gains arising from your card transactions.  

Top Crypto Debit Cards Available in Australia

We explored the market to develop this list of reliable, valuable crypto debit card providers available in Australia. Crypto debit cards you might have heard of that are not currently available in Australia include the Nexo card, the Coinbase Visa card, and the BitPay debit card. 

None of the cards we list here has an annual or monthly fee. 

Crypto.com Visa Debit Card

Popular cryptocurrency exchange Crypto.com offers a Visa debit card that can be loaded with funds using your crypto balances, or via a bank card. It can be accessed as a virtual card, and you can also request a physical card be sent to you so you can use your card out in the real world or at ATMs (rather than only online).  

A key advantage is the ability to earn cashback rewards on your purchases, in the form of Crypto.com ecosystem’s token — Cronos ($CRO). CRO you earn goes straight into your Crypto.com digital wallet.

However, the entry level version of the card doesn’t attract CRO rewards. To access rewards, you’ll need to already hold some CRO that you agree to stake or lock up for a certain period. The more you stake, the higher the ‘tier’ of card rewards you can access. 

For instance, if you lockup $700 worth of CRO, lifting you to the second tier, you’ll get:

• 3.5% CRO rewards on your everyday card purchases, capped at USD$25 per month.
• A higher limit on monthly free ATM withdrawals — AUD$400 compared to $200 at entry level.
• A subscription rebate for 6 months of Spotify.

On the highest tier, which requires staking $1.4m of CRO, you’ll get 8% of your transaction value back as CRO, as well as airport lounge access and exclusive experiences. 

Wirex Visa Debit Card

A Wirex Visa debit card connected to a Wirex account gives you the ability to make purchases using either fiat currency (e.g., AUD deposits), stablecoins or a variety of cryptocurrencies. You can link up to six Wirex accounts to your card in order of priority for use in transactions.

It works anywhere Visa and Mastercard is accepted, and Australian users can also link it to Apple Pay or Google Pay.

You’ll earn crypto rewards by using your Wirex card:

• With a free, standard Wirex plan you can get a 0.5% cash back reward on every purchase made with your card. 
• Rewards are made in the form of the platform’s WXT token, which can be exchanged for other cryptos or cash. 
• Standard users can earn a maximum of 250 WXT per transaction, and a maximum of 20,000 WXT per month. 

You’ll get a higher percentage back if you lock WXT tokens or opt for a paid plan: premium (up to 3%) or Elite (up to 8%). Paid plans also provide higher levels of interest and other offers if you also want to take advantage of Wirex’s DeFi products.

With the platform’s bank-like features and token rewards, the Wirex card is best for those keen to embrace decentralised finance. No FX fees also makes it ideal for regular travellers. 

Stables Mastercard Debit Card

Stables deals exclusively in stablecoin accounts, with a linked Mastercard debit card available that you can use in-store or online. 

The platform also simplifies cross-border payments using stablecoins, so the Stables card is a good option for travellers or business users. It doesn’t attract any monthly fee or FX fees.

You won’t receive a physical card, but you can simply set-up a digital card and use your phone to tap when using point-of-sale devices. However, you won’t be able to withdraw your crypto as cash from an ATM with a Stables card.

The main downside of Stables card, though, is that it doesn’t currently come with rewards for spending — but apparently that’s in the pipeline. On the upside, it’s an Aussie-based platform, which might hold more appeal if you’re concerned about access to support. 

CoinJar Mastercard Debit Card

Digital exchange CoinJar’s crypto debit card was named WeMoney’s cryptocurrency card of the year in 2025. It’s easy to set up and start using a digital card quickly. And you can order a physical card too. 

CoinJar claims that conversion of crypto when you buy something happens at their “best rates”. It charges a foreign transaction fee, so it’s best for people mainly buying within Australia. 

You’ll also earn rewards on each purchase, but not in the form of crypto:

• For every $1 spent you’ll get 1 CoinJar Reward point. Points are also earned when you refer a friend to CoinJar, buy or sell crypto with AUD, or purchase something in the CoinJar Store.
• Points can be used to offset any platform/card fees, such as crypto trading fees.
• Points can also be redeemed in the platform’s ‘store’ — where you can choose from a selection of popular crypto tokens, gift cards from major retailers like Amazon, crypto tax service subscriptions, merch, and donations. 

You can manage your CoinJar card via the digital exchange platform’s app, including changing the cryptocurrency you use as your source of spending, and placing your card on hold. 

Benefits and Risks of Using a Crypto Card in Australia

Crypto debit cards make your life easier if you need to leverage your tokens for daily purchases. For those looking to de-bank themselves, or simply splurge every now and then without the hassle of exchanging their crypto first — a crypto debit card is handy. 

The key benefits:

• Instant crypto-to-fiat transactions so you can spend as and when needed.
• Potential to grow your holdings, or save money, through rewards and cashback programs.
• Widely accepted around the globe by merchants and businesses of all sizes.

Crypto debit cards are generally safe to use. Like your bank card, there’s a risk of your money being accessed by others if your card gets lost or stolen. 

But the main risks arise from:

• The security and credibility of the platform where your funds/assets are held. 
• The crypto market’s volatility, which is why a stablecoin-based card could be wise.
• Centralised storage of your assets on a platform’s account, rather than cold wallets. 

Key Factors to Consider When Choosing a Crypto Debit Card

As you review the options presented here and do your own research into various crypto debit cards, here are some attributes you should weigh up:

• Supported cryptocurrencies: Are the tokens you hold or plan to hold supported?
• Costs: Consider relevant fees based on your planned usage, e.g. do ATM fees matter to you?
• Rewards programs: Not just the value of perks/bonuses, but how useful they’ll be for you.
• Ease of Use: Look at card delivery times, mobile app experience, and customer support.
• Regulatory compliance: Who issues the card, are funds protected in case of insolvency?
• Security Features: Does the platform have 2FA, freeze card options, or insurance protection?

It’s not always easy to get a straight answer on these elements, but the transparency and clarity of a provider’s content tells you something too. 

Comparison Table

How Do Crypto Card Purchases Impact Your Tax Return?

It’s important to keep in mind that when you dispose of crypto, you’re potentially creating a capital gains tax (CGT) event. Your total capital gains (minus any losses) are taxed at your marginal income tax rate when you do your annual return. 

You’ll only be exempt from declaring capital gains or losses for crypto on your tax return if you’re mainly buying and then quickly using small sums of crypto specifically for personal purchases — otherwise known as a personal use asset — rather than holding tokens as an investment.

Here’s an example from the Australian Tax Office of when a digital currency could be considered a ‘personal use asset’: You buy a couple of hundred dollars worth of a token, which is used to pay for a concert ticket the same day. 

CGT events do happen when:

• You pay with crypto to load funds onto a prepaid card for transactions in fiat.
• Funds are transferred from your digital wallet by a card provider, to enable a purchase in either dollars or crypto.

The ATO specifically calls out that crypto is likely not a personal use asset if you “top up a prepaid debit card with crypto assets, which is converted into Australian dollars and you later use it to acquire items for personal use or consumption.” 

Who Should Consider Using a Crypto Debit Card?

Any crypto investor who wants to simplify off-ramping their crypto so they can use it for purchases might consider using a crypto debit card. 

But it can make more sense to access your crypto via a debit card if you’re:

• A frequent traveller that wants to easily pay in any location with low FX fees.
• Being paid in crypto (e.g., freelancers) and want to spend directly from a linked wallet.
• A DeFi enthusiast, who may access cards simply to boost potential rewards/gains.

For anyone with moderate amounts of wealth stored in crypto, a crypto debit card can be useful to have ‘up your sleeve’ in case you need access to funds in an emergency. 

Get the Right Crypto Card for Your Lifestyle

If being able to spend your crypto day-to-day is important to you, make sure you shop around and review the product disclosure statements of cards you like the look of before you sign up. 

Once you’ve got a card, you’ll be tempted to use it (or maybe even chase rewards)‚ and that have repercussions for your crypto portfolio and tax obligations. Just like you might have a plan for when you invest in crypto, you can create guidelines for yourself about when and how you’ll spend your crypto using your debit card. 

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