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Crypto Debit Card
A crypto debit card allows users to spend their cryptocurrency holdings by converting them into fiat currency at the point of sale. These cards are linked to digital wallets and can be used anywhere that accepts traditional debit cards, including ATMs for cash withdrawals. When a user makes a purchase with a crypto debit card, the cryptocurrency is automatically converted into the local currency of the merchant, simplifying the process of spending crypto in everyday transactions. Several exchanges and fintech companies, such as Binance, Coinbase, and Crypto.com, offer crypto debit cards. While they provide convenience for crypto holders, users should be aware of fees, conversion rates, and supported cryptocurrencies.
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