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When you buy cryptocurrency -- whether it's ethereum, bitcoin or another digital coin -- it generally lives in a wallet. It sits idle there unless you transfer it to another account, spend it on NFTs (or other items purchasable via crypto) or convert it into government-issued currency, such as US dollars, and withdraw it to deposit it into your bank account.
However, with the growing interest in cryptocurrency in the last few years, hundreds of millions of people have crypto that they may want to spend but don't know how to. That's where crypto debit cards come in. They let you use the cryptocurrency in your digital wallet on purchases at grocery stores, gas stations and other retail outlets.
If you own cryptocurrency and want to spend it in the real world, here's what you need to know about getting your hands on a crypto debit card.
What is a crypto debit card?
A crypto debit card is much like your regular debit card, but instead of being connected to your bank account, it's tied to a digital wallet that contains your cryptocurrency. With each transaction, the cryptocurrency you own is automatically converted into whatever government-issued currency the retailer accepts, such as the US dollar, to complete the purchase.
What are the pros and cons of using crypto debit cards?
Although crypto debit cards help you spend your cryptocurrency to make purchases, keep a few things in mind before applying for one.
Pros of a crypto debit card:
It's easier to spend the cryptocurrency in your wallet.
Some cards come with cash-back rewards.
You can store and use traditional currencies, such as the dollar, to make purchases.
Cons of a crypto debit card:
You might have to pay transaction, withdrawal or exchange fees or a monthly flat fee.
You'll owe capital gains taxes on every transaction.
Cards can be limited to certain regions, restricting where you can use the card.
How do I get a crypto card?
If you're set on getting a crypto debit card, you must first create an account with a cryptocurrency exchange or a digital wallet and then either transfer cryptocurrency into your account or purchase it.
Know that there are waitlists to get a card. Once you meet the setup requirements, including verifying your identity, you can apply for the card. It can then take weeks or even months to arrive, depending on the size of the list.
Which crypto debit cards should I consider?
Choosing a cryptocurrency exchange or wallet depends on several factors, such as the type of cryptocurrency you own or cash-back rewards. Here are a few of the biggest ones:
Coinbase, one of the largest crypto exchanges in the US, offers the Coinbase Card, a Visa debit card that lets you use your crypto assets to make purchases in person and online. This card is currently available to select US customers.
Crypto.com, another cryptocurrency exchange, has a variety of debit card options offering different crypto rewards -- depending on how much you're willing to pay.
Two other crypto debit cards to consider are the Binance Visa Card and the recently announced Robinhood Cash Card.
If you're interested in earning crypto rewards, you can also explore crypto credit cards, which allow you to earn rewards back on everyday purchases in the form of cryptocurrency.
Can I use my debit card from a major bank with crypto?
Right now, debit cards from Bank of America, Chase, Citibank and Wells Fargo, for example, don't handle cryptocurrency. You can, however, use your crypto debit card at one of their ATMs, but expect to pay fees if you do.
New to cryptocurrency? Here's an explainer on buying and selling bitcoin, as well as a guide on how to keep your cryptocurrency and money safe.
The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.
Home equity line of credit heloc rates for september 2022 holiday home equity line of credit heloc rates for september 2022 movie home equity line of credit how does a home equity line of credit work home equity line of credit home equity loan home equity loan rates wells fargo home equity loan home equity loan requirements
Home Equity Line of Credit: HELOC Rates for September 2022
Home Equity Line of Credit: HELOC Rates for September 2022
A home equity line of credit, or HELOC, is a loan that allows you to borrow against the equity you've built up in your home and functions like a credit card. It provides an open line of credit that you can access for a certain amount of time (usually 10 years). During that time, you're only required to pay back the interest on money you've withdrawn, which means you can borrow a large amount of money for an extended period of time while only making minimum monthly payments.
HELOCs can be a good option because they have lower rates than most credit cards, personal loans, home equity loans and mortgage refinances. But HELOCs are also risky because they're secured loans, which require collateral to obtain financing: Your home serves as the collateral, so if you're unable to pay back the money you've withdrawn, you could lose your house. In addition, HELOCs have variable interest rates that mean your rate can go up or down with the market, so you won't always have a predictable monthly payment.
We'll walk you through how a HELOC works, how to decide if it's the right option for you and how it stacks up against other loan types.
Current HELOC rate trends
Right now, the average interest rate for a HELOC is 6.5%, according to Bankrate, which is owned by the same parent company as CNET. Anything below the average rate is typically considered a good rate for HELOCs.
Interest rates for HELOCs are variable and largely determined by the benchmark interest rate, which is set by the Federal Reserve. So far this year, the Fed has raised the benchmark interest rate four times and has signaled it will continue raising rates throughout 2022. Interest rates for HELOCs tend to be lower than mortgage rates and other home equity loan rates, which is one of the benefits. They also usually have introductory periods during which they offer an even lower rate for a certain amount of time.
What is a HELOC?
A HELOC is a home loan that allows you to tap into your home's equity over an extended period of time. You can find out how much equity you have in your home by subtracting your remaining mortgage balance from the house's current market value. So if your house is worth $500,000 and you have $300,000 left to pay off on your mortgage, you would have $200,000 in equity. Typically you can borrow up to 85% of your equity — in this case, that's $170,000.
A HELOC functions as a revolving line of credit that you can continually access. The time period when you can draw money from your line of credit is called the draw period, and it's usually 10 years for HELOCs. This could be a good option if you need access to money, but aren't sure how much you'll need (or when you'll need it). HELOCs also tend to have lower interest rates than other types of home loans or personal loans.
If you need cash for home improvements or to pay higher education costs like tuition, a HELOC can be beneficial because you can repeatedly withdraw money over the course of your loan term. Plus, you only have to pay interest on the money that you withdraw. So, if you're approved for a HELOC of $100,000 and only withdraw $25,000, you'll only pay interest on the $25,000.
How do HELOCs work?
Since HELOCs work like a line of credit, during the draw period you can take out money as many times as you need via check or a debit card, as long as it's below your total HELOC loan amount. You must also make minimal monthly payments, typically just for the interest that accrues during the draw period. As you repay your HELOC, this money is added back to your revolving balance (so you can continue to withdraw funds).
Once the draw period comes to an end you enter the repayment period, which usually lasts between 10 to 20 years. At this point, you cannot take more money out of your HELOC. Once you're in the repayment period, your monthly payments will go up because you must start paying back the principal (the amount you withdrew) in addition to the accrued interest.
Pros of a HELOC
Lower interest rates: HELOCs typically have lower interest rates than other home equity loans, personal loans or credit cards.
Long draw and repayment periods: Most HELOCs let you withdraw money for as long as 10 years, and then offer an even longer repayment period (usually up to 20 years).
You can take the money in installments: You don't have to use all of the money available at once, and you only have to pay interest on the funds you withdraw.
Cons of a HELOC
You have to use your own home as collateral: If you default on a HELOC or can't make your payments, you could lose your home. When you put a house up as collateral and cannot repay your loan, the bank or lender can foreclose on your home, which means they can take ownership of your house in order to make up for the money they lost.
They have variable interest rates: Your initial interest rate may be low, but HELOC rates are variable and not fixed. This means they can fluctuate depending on what's happening with the economy and the benchmark interest rate. This means your monthly payments are not predictable and can fluctuate over the course of the loan. While there are fixed-rate HELOCs, they are less common and are considered a hybrid between a HELOC and a home equity loan.
There may be minimum withdrawal amounts: Some HELOCs have minimal initial withdrawal amounts, which could lead you to taking out more money than planned (and having to pay back more than planned).
HELOCs vs. home equity loans
HELOCs and home equity loans both allow you to borrow against the equity you've built up in a home. With both, you take out a second home loan in addition to your mortgage. Your home is also used as collateral to secure either type of loan. A home equity loan, however, offers a lump sum of cash that you pay back in fixed monthly installments. A HELOC, on the other hand, approves you for a set loan amount and then allows you to withdraw only what you need, when you need it.
A HELOC has a variable interest rate, whereas home equity loans are fixed-rate loans. This means, you'll have a more predictable monthly payment with a home equity loan. HELOCs are much more flexible, but your monthly payments can be more unpredictable since your interest rate can fluctuate. With a HELOC, you need to make sure you can afford your monthly interest payments if your rate shoots up.
A HELOC is better if
You need access to credit for an extended period of time (usually 10 years)
You need more time to repay the loan amount
You want the flexibility to withdraw your money in installments and not all at once
A home equity loan is better if
You want a fixed interest rate
You want a predictable monthly repayment schedule
You want one lump sum of cash and know exactly how much money you need
HELOCs vs. cash-out refinances
A cash-out refinance is a different type of loan than a HELOC: You are quite literally cashing out the equity you've built up in your home over the years. It replaces your current mortgage with a new mortgage equal to your home's value, and allows you to cash out the amount you've built in equity. If your home is valued at $300,000 and you still owe $100,000 on a mortgage, the difference of $200,000 is your home equity. Lenders often let you cash out 80% of your equity ($140,000 in this case).
With a HELOC, you're also cashing out your equity, but you are taking out an additional loan alongside your current mortgage. So, you will have to make your monthly mortgage payments in addition to repaying your HELOC each month. With a cash-out refinance, you are only responsible for your mortgage payment every month. However, your mortgage payment will be more expensive because you added more money onto your mortgage when you cashed out your equity.
A cash-out refinance offers you this equity in a lump sum, whereas a HELOC lets you draw on your equity in installments and offers a yearslong line of credit.
A HELOC is better if
You need access to credit for an extended period of time (usually 10 years)
You need a longer loan repayment period
You want to the flexibility to withdraw your money in installments
A cash-out refinance is better if
You want to refinance your mortgage to a lower interest rate or shorter term
You want one one lump sum of cash and know the amount
You want one fixed monthly mortgage payment
FAQs
What is a good HELOC rate?
Anything below the average rate is typically considered a good rate for HELOCs. Currently, the average interest rate for a HELOC is 6.5%, according to Bankrate.
How do I qualify for a HELOC?
To qualify for a HELOC, you must have good credit, at least 15% to 20% equity in your home and a debt-to-income ratio that does not exceed 43%. (Your debt-to-income ratio is your total monthly debts divided by your gross monthly income.) So, if you make $4,000 a month before taxes and pay $1,500 in debts each month, your DTI would equal 37.5%. The lower your DTI, the better your approval chances.
If you have good or excellent credit, you could lock in a lower HELOC rate closer to 3% to 5%. If you have below average credit expect to pay rates closer to 9% to 10%. Lenders usually want to see at least a 620 credit score or higher. You can be denied for a HELOC if you don't have a high enough credit score or income. You can also be denied if you don't have enough equity built up in your home. Most lenders require at least 15% to 20%.
What can I use a HELOC for?
You can use your line of credit for almost anything, but HELOCs are typically best for people who need access to available credit over a long period of time or who will be making recurring withdrawals. For example, HELOCs are good for home improvement projects that could potentially take years or higher education expenses like tuition.
How do I apply for a HELOC?
You have to be approved for a HELOC by a bank or lender just like with your mortgage. You will need to provide financial documents like pay stubs and information about your home's value, like your loan-to-value ratio. Lenders will also run a credit check before approving you.
In some cases, you may need to have your home appraised to confirm its current market value. It's important to interview multiple lenders to compare rates and fees in order to find one who will give you the best rates. Some experts recommend starting with the bank or lender that already holds your mortgage, but shopping around can help you compare offers.
More mortgage tools and resources
You can use CNET's mortgage calculator to help you determine how much house you can afford. The CNET mortgage calculator factors in variables like the size of your down payment, home price and interest rate to help you figure out how large of mortgage you may be able to afford. Using the CNET mortgage calculator can help you understand how much of a difference even a slight increase in rates can make in how much interest you'll pay over the lifetime of your loan.
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When COVID-19 is no longer a pandemic: How our reality changes
When COVID-19 is no longer a pandemic: How our reality changes
This story is part of The Year Ahead, CNET's look at how the world will continue to evolve starting in 2022 and beyond.
In April 2021, I pitched a story idea to my editors: "How to cope with post-pandemic anxiety." As vaccines became widely available, I pictured parties with no masks, handshakes with no fear and all the other markers of a world going back to "normal." In this imminent post-pandemic future, I thought my biggest challenge would be re-adjusting to life outside my cocoon.
Half a year and several new COVID variants later, it has become clear that the very concept of "post-pandemic" requires re-examining. For starters, it's not clear what it means for a pandemic to end -- even scientists disagree on where to draw the line. And across the nation and world, there are wildly varying levels of coronavirus spread, vaccination rates and mitigation measures. In one state, day-to-day life may certainly feel post-pandemic, with little mask-wearing or social distancing. In a neighboring state, COVID may very much feel like a constant presence still.
Perhaps "post-pandemic" is like art: You know it when you see it. But however you define the end of the COVID pandemic, one fact remains true: It continues to escape our grasp. New, more transmissible variants push the light at the end of the tunnel back further and further, as does hesitancy around vaccines, and other factors.
You can take heart in the fact that pandemics do, by nature, come to an eventual end. But not in the way that you think. When I pictured post-pandemic life in April 2021, I pictured the threat of COVID going away entirely, like one big switch flipped across the whole world at once. But the end of a pandemic isn't sudden, grand or neat. In fact, experts now believe that COVID will always be with us -- just not in pandemic form. And the pandemic will continue to shape our lives in some ways, even after it's over.
Here's what the end of the COVID pandemic will really look like, how we can get there, and what you can expect life to look like afterward.
How pandemics like COVID-19 end
Francesco Carta/Getty Images
There are a few ways that a pandemic can potentially end. The disease can be eradicated completely: zero cases, anywhere in the world, ever again. We can reach herd immunity, when enough people in a certain region are immune to the disease that it's eliminated there (that's what happened in the US with measles). Or the disease could become endemic: it continues circulating at a predictable baseline level, but is no longer a major health threat to most people.
With COVID, our best bet is the latter scenario, according to current expertise. In a January 2021 Nature survey of over 100 immunologists, virologists and infectious disease researchers, almost 90% said they think the coronavirus will become endemic. Herd immunity is an increasingly unrealistic goal, and eradication is unlikely -- throughout recorded history, only two diseases have ever been eradicated: smallpox and a cattle virus called rinderpest. Even the plague is here to stay.
"When SARS-CoV-2, the virus causing COVID-19 first appeared, it was new, unexpected, and quickly spread around the world," Mackenzie Weise, an epidemiologist with Wolters Kluwer Health, tells CNET. "It's realistic to think that circulation of the SARS-CoV-2 virus won't just suddenly end."
The good news: Living with an endemic disease is strikingly different from living in a pandemic. Just take the flu. The H1N1 virus that caused the Spanish flu pandemic killed more than 50 million people from 1918-1919. That virus never really went away -- it's the genetic ancestor of the seasonal influenzas that still circulate every year. But the flu now results in far fewer deaths, and it impacts our lives in a more manageable way.
"If [COVID] becomes endemic, it'll be like the flu," says Dr. Robert G. Lahita, director of the Institute for Autoimmune and Rheumatic Disease at St. Joseph's Health and author of the upcoming book Immunity Strong. "There'll be a spate of deaths every year in the US from the novel coronavirus or COVID, and there will also be deaths from flu, influenza, which there are every year."
We learned to live alongside the flu with a delicate balance of precaution and treatment, and we can one day do the same with SARS-CoV-2.
What life in a post-pandemic endemic world looks like
Living with the endemic version of COVID may look a lot like the post-pandemic world I envisioned back in April 2021. Mask mandates, social distancing, stay-at-home orders, travel restrictions and other mitigation measures will disappear in most places.
"I think that we will remove our masks and remove social distancing and go back to normal once this virus goes away," Lahita says. "And it will go away, but it will be with us in some form forever. The pandemic will go away."
COVID vaccines will still be necessary, possibly every year like the flu shot, Lahita says. They'll be especially important for people who are vulnerable to severe illness, like immunocompromised people and the elderly. Vaccine mandates may be here to stay, too -- the COVID vaccines could, for example, join the list of immunizations that children and teens are required to get in order to attend school. (So far, only California and Louisiana have gone that route.)
Getty Images
One sign that we've reached endemicity is that hospitalizations and deaths stay at a constant level, which health care services can predict and manage, and which the public considers an acceptable risk. As with other endemic diseases like the flu, COVID's impact on individual people will vary. To some of us, flu season is no big deal. To others, it's a risky and scary time.
And truthfully, it would help if we kept wearing masks, washing our hands religiously and using other preventive measures against both flu and COVID, even after the pandemic stage. But in reality, only a small group of cautious people are willing to keep taking those steps once they're not required. For most, the cost of fear and isolation is too high.
"There's always the subset of the population that becomes very anxious and very obsessive. Those people will continue to wear masks and will socially distance and avoid groups and gatherings and restaurants and theaters and so on. There's always that subgroup," Lahita says.
Similarly, there will continue to be many people who hesitate to get a COVID vaccine. "Even when it becomes endemic and no longer a pandemic, people will still be arguing about not getting injected with antigen or with messenger RNA to protect them," Lahita says.
How we get there, and when
Boston Globe
"The ideal scenario toward endemicity is that enough people receive immune protection in order to significantly reduce ongoing transmission, severe illnesses, hospitalizations and deaths," Weise explains.
There are two ways to get immune protection from COVID: get vaccinated, or recover from a coronavirus infection. Of those two, it's easy to see why vaccination is the ideal route. "Because COVID-19 vaccines are extremely effective at preventing all the above, vaccine-induced immunity is the only logical path towards this goal," Weise says. As we've seen over and over in the last two years, battling a COVID infection is unpredictable and can have fatal outcomes in otherwise healthy people.
Weise continues: "I'm optimistic that we can reach a point when COVID-19 isn't a severe threat to most people, but we desperately need more people to step up and get vaccinated." To be more specific, Lahita predicts that at least a 50% vaccination rate in most countries would be necessary for endemicity to occur.
Because vaccines play such a crucial role in ending the pandemic, public health officials are working hard to get them into everyone's hands (or arms). But the pharmaceutical industry hasn't made it easy. Moderna and Pfizer, which have two of the most effective vaccines against COVID-19, have refused to share their mRNA technology with other companies or scientists. Meanwhile, high-income countries have been accused of "hoarding" vaccine doses and have failed to follow through on promises to donate enough extras to poorer countries to bridge the gap, despite pleas from the World Health Organization.
Robyn Beck/AFP/Getty Images
As of this writing, only 3.7% of people in low-income countries have been fully vaccinated, compared to 69.1% in high-income countries. But even the US, with plenty of doses to go around, has struggled to meet goals for vaccination rate as a result of people who are vaccine-hesitant or resistant. As of the end of December, more than 65% of the US population ages 5 and older is fully vaccinated.
Their unvaccinated status has an impact on everyone, Weise explains: "The problem is that viral transmission is sustained among susceptible [unvaccinated] persons, and we can't anticipate how or where these people may interact with one another, or even with vaccinated persons to perpetuate further spread."
The more that the virus spreads, the more that it mutates into new variants, each of which has the potential to be more transmissible, more deadly, or more resistant to current vaccines. And unlike man-made vaccines, viruses know no borders.
With the majority of the world still not fully vaccinated, the end of the pandemic still feels like a long way off to many experts. "Eventually, I think that the virus will be controlled. It may take years, however, for that to happen, because of the unvaccinated masses," Lahita says.
It's also important to note that endemicity won't happen everywhere at once. Some places will reach this stage sooner, depending on vaccination and infection rates. New York City may be among the first cities in the US to get there, thanks to high rates of immunity from vaccines and prior infections.
If the coronavirus continues to have such disproportionate impacts, it could become similar to malaria or HIV: the pandemic will be "over'' in richer countries, but still a deadly force in others. If that's the case, the WHO could downgrade it to an epidemic (like a pandemic, but not worldwide).
Has COVID-19 changed us for good?
Luis Alvarez/Getty Images
Even after the pandemic ends, its society-wide effects may stay with us in ways that we can't predict quite yet. In addition to millions of lives lost, the pandemic created challenges and disruptions to every imaginable part of life, leading to a mental health crisis and collective trauma that will likely persist long after it's over.
But the long-term legacy of the COVID-19 pandemic may not be all negative. Past pandemics have led to new habits that improved health for years to come. Screen doors, for example, were popularized as a way to prevent malaria and other mosquito-borne diseases. The AIDS pandemic shifted condom usage into the mainstream, and the tuberculosis epidemic led people to stop sharing drinking cups and spitting in public. Some pandemics have also led to sweeping improvements in economics, education, housing and public health.
Will similar changes happen after COVID? In the University of California, Berkeley's World After COVID project, 57 scientists shared predictions about how the COVID-19 pandemic may change society, in both positive and negative ways. Their positive forecasts included greater solidarity, renewed social connections, and a greater effort to address our world's structural inequalities.
Many experts in Berkeley's study also pointed to the embracing of technology, which played an unprecedented role in our lives when COVID-19 kept us indoors. During the pandemic, tech innovations like virtual reality and QR codes took on new life, not to mention the explosion in remote work and telehealth.
Similarly, in a Pew Research survey of 915 "innovators, developers, business and policy leaders, researchers and activists," almost all respondents agreed that we'll be living in a much more tech-driven society after the pandemic: a "tele-everything" world, with all its pros and cons.
Remote work is likely here to stay, but that doesn't mean offices are doomed to disappear. Surveys show that most office workers would prefer not going back to the office full-time, but their bosses feel the opposite. If Australia's reopening is any indication, there won't be one single path forward -- instead, different companies will take different approaches, and we'll live with a mix of remote, in-office and hybrid work setups.
One thing the COVID pandemic has taught us is that you really just never know. The crisis exposed how delicate our regular routines are, on both an individual and a global scale. We've seen how difficult and yet surprisingly doable it is to adjust to a new normal, and how disarming it is not to know what to expect. Even experts aren't fortune tellers, and no one can say for sure when the pandemic will be declared over, or what will happen in the years to come.
The pandemic will continue to surprise us, even after it's over. But first, we have to get there.
The information contained in this article is for educational and informational purposes only and is not intended as health or medical advice. Always consult a physician or other qualified health provider regarding any questions you may have about a medical condition or health objectives.
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How to Use a Crypto Debit Card to Make Purchases
How to Use a Crypto Debit Card to Make Purchases
When you buy cryptocurrency -- whether it's ethereum, bitcoin or another digital coin -- it generally lives in a wallet. It sits idle there unless you transfer it to another account, spend it on NFTs (or other items purchasable via crypto) or convert it into government-issued currency, such as US dollars, and withdraw it to deposit it into your bank account.
However, with the growing interest in cryptocurrency in the last few years, hundreds of millions of people have crypto that they may want to spend but don't know how to. That's where crypto debit cards come in. They let you use the cryptocurrency in your digital wallet on purchases at grocery stores, gas stations and other retail outlets.
If you own cryptocurrency and want to spend it in the real world, here's what you need to know about getting your hands on a crypto debit card.
What is a crypto debit card?
A crypto debit card is much like your regular debit card, but instead of being connected to your bank account, it's tied to a digital wallet that contains your cryptocurrency. With each transaction, the cryptocurrency you own is automatically converted into whatever government-issued currency the retailer accepts, such as the US dollar, to complete the purchase.
What are the pros and cons of using crypto debit cards?
Although crypto debit cards help you spend your cryptocurrency to make purchases, keep a few things in mind before applying for one.
Pros of a crypto debit card:
It's easier to spend the cryptocurrency in your wallet.
Some cards come with cash-back rewards.
You can store and use traditional currencies, such as the dollar, to make purchases.
Cons of a crypto debit card:
You might have to pay transaction, withdrawal or exchange fees or a monthly flat fee.
You'll owe capital gains taxes on every transaction.
Cards can be limited to certain regions, restricting where you can use the card.
How do I get a crypto card?
If you're set on getting a crypto debit card, you must first create an account with a cryptocurrency exchange or a digital wallet and then either transfer cryptocurrency into your account or purchase it.
Know that there are waitlists to get a card. Once you meet the setup requirements, including verifying your identity, you can apply for the card. It can then take weeks or even months to arrive, depending on the size of the list.
Which crypto debit cards should I consider?
Choosing a cryptocurrency exchange or wallet depends on several factors, such as the type of cryptocurrency you own or cash-back rewards. Here are a few of the biggest ones:
Coinbase, one of the largest crypto exchanges in the US, offers the Coinbase Card, a Visa debit card that lets you use your crypto assets to make purchases in person and online. This card is currently available to select US customers.
Crypto.com, another cryptocurrency exchange, has a variety of debit card options offering different crypto rewards -- depending on how much you're willing to pay.
Two other crypto debit cards to consider are the Binance Visa Card and the recently announced Robinhood Cash Card.
If you're interested in earning crypto rewards, you can also explore crypto credit cards, which allow you to earn rewards back on everyday purchases in the form of cryptocurrency.
Can I use my debit card from a major bank with crypto?
Right now, debit cards from Bank of America, Chase, Citibank and Wells Fargo, for example, don't handle cryptocurrency. You can, however, use your crypto debit card at one of their ATMs, but expect to pay fees if you do.
New to cryptocurrency? Here's an explainer on buying and selling bitcoin, as well as a guide on how to keep your cryptocurrency and money safe.
The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.
