Best Bitcoin and Crypto Cashback Rewards Cards Canada

Earn interest, cash back, crypto, and stock rewards. Get more free perks when making purchases with a prepaid debit Visa or MasterCard.

The crypto space evolves rapidly, and details such as fees, rewards, and features can change frequently on all Canadian crypto exchanges.

Best Bitcoin Rewards Cards

Shakepay Visa Card

Get 2% Bitcoin cashback rewards on all purchases made with the Card. (up to a maximum of CAD $5,000)
Earn additional Bitcoin rewards with Shaking SATs, #shakesquade, and #shakepaid programs.

Sign up to Shakepay Visa Card →

Wealthsimple Cash Card

Get 1% cashback in stocks or crypto.
Earn 4% interest on your cash holdings.
Trade stocks, crypto, TFSA, and RRSP all in one app.

Sign up for a Wealthsimple Cash Card →

Netcoins MasterCard

Get 1% cashback in Bitcoin with every purchase you make on the Netcoins Visa Prepaid Card.

Sign up for a Netcoins MasterCard →

Crypto.com Visa Cards

Get up to 5% CRO cashback.
Get free bonuses like Netflix, Spotify, Prime, and more.
Metal Cards

Sign up for a Crypto.com Visa Card →

*when staking CRO

Compare Prepaid Crypto Rewards Cards

Feature/Criteria

Crypto.com Card

Shakepay Card

Netcoins Card

Wealthsimple Cash Card

Card Tiers

Multiple tiers

One tier

Cashback/Rewards

Up to 5% in CRO

2% Bitcoin rewards

1% Bitcoin cashback

1% Crypto, Stock rewards

Annual Fee

Currency Support

Multiple cryptos

Bitcoin, Ethereum

Multiple cryptos

Additional Perks

Spotify, Netflix, etc.

ShakingSATs, **#**shakepaid

Limited

4% interest on cash

Physical Card

Yes

Exchange Rate Policy

Competitive rates

Instant conversion

Real-time conversion

Customer Support

24/7, chat & email

Live chat, email

Email, phone

Live chat, email, FAQ

Mobile App

User-friendly, comprehensive

Easy-to-use, basic features

Simple, intuitive

Integrated with investment platform

International Use

Yes, with conditions

Educational Resources

Yes

Update Frequency

Regular

A Closer Look at Prepaid Debit Bitcoin Rewards Cards

Shakepay Card

My Shakepay Visa Card

✅ Pros

Ease of Use: User-friendly for beginners in crypto.
2% Bitcoin Cashback: Rewards in Bitcoin for every purchase.

❌ Cons

Limited to Bitcoin: Only offers rewards in Bitcoin.
No High-Tier Perks: Lacks luxury benefits like lounge access.
Virtual Card: The Shakepay Card is only released as a virtual card at this time.

Features

ShakeSats Feature: Unique feature that offers extra BTC rewards.
Mobile App: Smooth app experience with easy card management. Connect will Apple and Google Pay.
Round Up: Automatically round up your Shakepay Card purchase to the nearest dollar and invest it into Bitcoin.

Rewards/Bonuses

Bitcoin Rewards: Earn a percentage back in Bitcoin on all purchases.
Shaking SATs: Eean Bitcoin daily by shaking your phone.
#ShakeSquads Bonus Rewards: Earn additional rewards by joining or building a #shakesquad.
#shakepaid: Every time you shop with the Shakepay Card, you have the chance to earn the full purchase amount back in Bitcoin to your Bitcoin balance.

Read our in-depth Shakepay Review

Wealthsimple Cash Card

My Wealthsimple Cash Card

✅ Pros

Integration with Wealthsimple Account: Seamless use for Wealthsimple users.
Cashback in Crypto or Stock Rewards: Unique feature of earning crypto and stock rewards.
No Foreign Transaction Fees: Advantageous for international purchases.

❌ Cons

Lower Cashback Rewards

Features

Automatic Investment: Option to automatically invest cashback into stocks or crypto.
Easy Portfolio Management: Integrated with Wealthsimple's investment platform.
All-in-one Platform: TFSA, RRSP accounts Invest and trade stocks, options, and crypto all in one app. Earn interest in the cash savings account.

Rewards/Bonuses

Stock Rewards: Cashback earned can be automatically invested in stocks or crypto.

Netcoins Card

My Netcoins Bitcoin Rewards Card

✅ Pros

Broad Cryptocurrency Support: Supports a wide range of cryptocurrencies.
Competitive Cashback: Attractive cashback rates in crypto.
No Monthly Fees: More accessible for occasional users.

❌ Cons

Newer in the Market: Less established than competitors.
Limited Perks: Fewer extra perks compared to high-tier cards from other providers.

Features

Real-Time Conversion: Converts crypto to CAD in real time.
User-Friendly Interface: Focus on a simple and straightforward user experience.

Rewards/Bonuses

Cashback in Crypto: Percentage back in the user's cryptocurrency of choice.

Read our in-depth Netcoins Review

Crypto.com Visa Card

Crypto.com Visa Card Rewards Tiers

✅ Pros

Variety of Tiers: Offers multiple card tiers with varying benefits.
Cashback Rewards: Up to 5% in CRO rewards on purchases.
No Annual Fee: Makes it accessible without recurring costs.
Additional Perks: Includes free Spotify, Netflix, and Amazon Prime depending on the card tier.

❌ Cons

Staking Requirements: Higher rewards require staking significant amounts of CRO.
Complex Fee Structure: Some users find the fee structure for various transactions confusing.
Limited Currency Support: Primarily supports CRO for top benefits.

Features

Airport Lounge Access: Available on higher tiers.
Mobile App Integration: Seamless integration with Crypto.com app.
ATM Withdrawals: Free ATM withdrawals, limits based on card tier.

Rewards/Bonuses

Referral Program: Bonuses for referring new users.
Staking Rewards: Additional CRO earnings through staking.

When choosing a prepaid crypto Visa debit card in Canada, consider factors like your investment habits, desired perks, and the cryptocurrencies you hold or plan to invest in.

Cards like Crypto.com are great for those deeply invested in their ecosystem, especially CRO holders, while Shakepay might appeal more to Bitcoin enthusiasts. Netcoins offers broader crypto support, and Wealthsimple integrates well for those already using their investment services.

Keep in mind the volatile nature of cryptocurrencies and always consider the risks involved when engaging with crypto-related financial products.

It's also crucial to stay updated with the latest changes in the features, fees, and rewards of these cards, as the crypto market and regulations evolve.

Beginner Basic for Prepaid Rewards Cards

Security Features

Crypto.com Visa Card: Advanced security protocols including multi-factor authentication, withdrawal protection, and high-end encryption.
Shakepay Card: Features 2FA and SSL encryption; transactions are constantly monitored for suspicious activity.
Netcoins Card: Employs robust security measures including biometric access for the app and encrypted transactions.
Wealthsimple Crypto Card: Adheres to strict security standards with 2FA, SSL encryption, and routine security audits.

Regulatory Compliance

Each card issuer operates in compliance with Canadian financial regulations, ensuring safety and legality in their operations. They are subject to regular audits and must adhere to the financial standards set by Canadian authorities.

User Reviews and Ratings

Real user feedback sourced from various platforms such as Trustpilot, Reddit, and financial forums has been summarized to reflect the community’s consensus on each card’s performance and reliability.

Exchange Rate Policies

All the cards convert cryptocurrencies to Canadian dollars at competitive rates. These rates are updated frequently to reflect current market values. Details on any associated fees or markups for conversion are transparently listed in the terms of service for each card.

Customer Support

Crypto.com: Offers 24/7 customer support via chat and email, with generally positive reviews on response times.
Shakepay: Known for its responsive customer service, available through live chat and email.
Netcoins: Provides customer support through email and phone, with a focus on quick resolution.
Wealthsimple: Has a strong support system with live chat, email, and a comprehensive FAQ section.

Mobile App Functionality and UX

Each card comes with a mobile app, offering a user-friendly interface, real-time transaction tracking, and additional features like spending analytics and instant notifications for purchases and withdrawals.

Geographic Restrictions and Global Usability

These cards are primarily designed for use within Canada but can be used internationally. Information on any specific country restrictions and international transaction fees is provided in the terms of service for each card.

Educational Resources

Each issuer offers educational content on cryptocurrencies and financial management, aiming to empower users with knowledge and resources to make informed decisions.

Updates and Development

Details on how often these services receive updates, showcasing each company’s commitment to innovation and adaptability in the fast-evolving cryptocurrency market.

Disclaimer

A reminder that investing in cryptocurrencies carries risk and values can fluctuate. Readers are advised to do their own research and consult with financial advisors before making investment decisions.

FAQs on Prepaid Crypto Rewards Debit Credit Cards for Canadians

How do taxes work for transactions made with a prepaid crypto Visa debit card in Canada?

Answer: In Canada, using a crypto debit card for transactions can have tax implications. When you spend cryptocurrencies through these cards, it's considered a disposal of assets, potentially triggering capital gains tax. The tax is calculated based on the difference between the purchase price of the cryptocurrency and its value at the time of the transaction. It's important to keep detailed records of your transactions, including the date, amounts in CAD, and the crypto's cost basis for accurate tax reporting. Consulting with a tax professional who is knowledgeable about cryptocurrency is recommended for precise guidance.

Can I use a Canadian prepaid crypto Visa debit card internationally, and are there extra fees?

Answer: Yes, most Canadian prepaid crypto Visa debit cards can be used internationally anywhere Visa is accepted. However, there are a few considerations:

Conversion Fees: While these cards automatically convert crypto to local currency, there might be conversion fees or markups applied.
Foreign Transaction Fees: Some cards may charge additional fees for transactions made outside of Canada. It's important to review the card's fee structure before traveling.
ATM Withdrawals: Fees may also apply for international ATM withdrawals, and there could be daily withdrawal limits.

Always check the specific terms and conditions of your card for details about international use and associated fees.

How secure are prepaid crypto Visa debit cards, and what happens if I lose my card?

Answer: Prepaid crypto Visa debit cards in Canada generally offer robust security measures, including:

PIN Protection & 2FA: Personal identification numbers (PINs) and two-factor authentication (2FA) are standard for transactions and account access.
Encryption: Financial and personal information is encrypted to protect against unauthorized access.
Fraud Monitoring: Continuous monitoring for suspicious or unusual activity.

If you lose your card:

Immediate Action: Contact the card issuer immediately to report the loss and freeze or cancel the card.
Replacement: The issuer will typically provide a process for issuing a replacement card.
No Direct Crypto Loss: Since these cards are not direct wallets for cryptocurrencies but are linked to your account, losing the card does not mean losing access to your crypto assets. However, preventing unauthorized access by reporting the loss promptly is crucial.

For enhanced security, always use additional security features provided by the card issuer and regularly monitor your account for any unusual activity.