Cards dedicated to crypto

If you believe cryptocurrency is a good long-term investment, you may be interested in a credit card that offers cryptocurrency rewards. A growing number of companies are working to bring these rewards to crypto enthusiasts and speculators looking to get involved in the digital currency economy. Of course, this particular type of rewards currency isn't for everyone, especially if you can't stomach potential volatility in the market — so be sure to check out our introductory guide to earning cryptocurrency on credit cards before reading this list of specific crypto cards.

Note that there is no official Bitcoin credit card or Ethereum credit card, but you may be able to earn those or other cryptocurrencies with any of the cards mentioned in this guide. Want more credit card news and advice from TPG?

Sign up for our daily newsletter. You can choose to redeem rewards as any of more than 60 supported currencies. Many currencies on the Gemini exchange are eligible for interest when holding the crypto in a Gemini account. The card includes a flat 1. Sign up for our daily newsletter Email address Sign up I would like to subscribe to The Points Guy newsletters and special email promotions. The Points Guy will not share or sell your email.

See privacy policy. The flat 1. However, the ability to earn rewards in Bitcoin, Ethereum and other cryptocurrencies makes it very different from traditional cash back rewards cards. Once you get your crypto rewards, you can hold them in a BlockFi interest account that offers modest rates on supported currencies. The top rates are paid on stablecoins like USD Coin, while traditional cryptos offer lower rates. This is partially due to a major ad campaign with Matt Damon and buying naming rights to the Crypto.

The Crypto. You can redeem rewards from this card for cash back, stock or fund investments, and cryptocurrency. SoFi Crypto is a standalone investment account. As a lower bound, we can assume that none of the older cards were replaced. These cards would not impact new card sales, since they aren't comparable to current generation cards. The model can deduct these cards from the calculated revenue impact by simply deducting the pre-September hash rate of The effect of the Merge is to effectively zero out Nvidia's crypto revenue over time.

The revenue made during Ethereum's mining pool expansion is negated by lost revenue post Merge, with the exception of CMP revenue and revenue from older graphics cards that might still have been in the pool at the time of the Merge. Nvidia has been expected to announce its GeForce RTX 40 series cards for some time, and Nvidia posted this announcement on its website : Nvidia Various tech pundits are claiming that this is the worst time for Nvidia to launch a new generation of gaming graphics cards.

This could be important in reducing the impact of the Ethereum Merge. PCIE 5. It's not clear how critical that will be to gaming performance, but it should eliminate PCIE as a bottleneck, if it ever was. This is the preferred architecture for maximum gaming performance, and all modern CPUs provide at least 16 lanes of PCIE for this purpose. Unfortunately, I don't have an estimate of Alder Lake sales, so I have no idea what the size of that market might be.

The performance desktop market mostly gamers is moving rapidly to PCIE 5. Gamers tend to be early adopters and favor the highest performance technology. How much isolation is still unclear. Most of the current population of gaming systems will only support PCIE 4. Most 40 series sales will go into new system builds. Certainly, the impact of the Merge will be to weaken sales of the RTX 40 series at launch. However, overall sales in the Gaming segment will probably benefit from the launch.

The 40 series launch will give the segment a revenue stream it would not have had otherwise. Investor takeaways: will Nvidia need to restate guidance for this quarter? Did Nvidia account for the Merge in their guidance? When asked specifically about the impact of the Merge, Nvidia management had no comment, and professed an inability to account for the crypto impact. The guidance was claimed to be due to a retail channel inventory glut. If Nvidia really wasn't accounting for the Merge, then almost certainly it will need to restate guidance for Q3.

In the model, this is distributed over the next four quarters from fiscal Q3 to fiscal Q2, with Gaming segment sales only starting to recover in fiscal Q3. Despite this, I'm still modeling growth in the all-important Data Center segment. Nvidia's next-generation data center accelerator, the Hopper H, is testing out to be very impressive and is in production now with deliveries expected by the end of the calendar year.

I consider Nvidia's future to be very bright, despite the impact of crypto in the near term. Currently, I have Nvidia rated at Hold, and Nvidia has been a relatively small part of the Rethink Technology portfolio since selling most of my Nvidia shares at a substantial profit in April. I'm pretty close to upgrading Nvidia to Buy, but I'm waiting to see if the Merge and possible guidance restatement will drive Nvidia's price even lower.

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FAQs Do I have to pay taxes on my crypto rewards? While legislation is still being hammered out, it is important to track your cryptocurrency buy-in prices so you can report any capital gains you may owe taxes on. If and when you sell your cryptocurrency holdings, you may be required to report capital gains and losses to the IRS.

Major tax software platforms are building out support for reporting crypto on your taxes, or you can consult with a tax professional to determine your specific needs. Are crypto credit cards safe? Cryptocurrencies are widely considered high-risk and volatile assets, so the value of your rewards balance may fluctuate significantly over time with no guarantees.

Accounts where cryptocurrencies are held are not FDIC-insured like banks, and some have ongoing legal challenges. Legislation is still evolving and has not yet been solidified surrounding cryptocurrencies, so there is inherent risk in the unknown.

Read more: Bitcoin and Cryptocurrency Regulations in Are there any crypto debit cards on the market? There are also some crypto debit cards on the market, including the Crypto. All of these cards allow you to spend your crypto at public merchants and earn crypto rewards on your expenditure. Many new products are likely to hit the market in the next few years, as Visa has partnered with over 60 platforms to work toward enabling crypto transactions worldwide.

Our methodology CNET reviews credit cards by exhaustively comparing them across set criteria developed for each major category, including cash back, welcome bonus, travel rewards and balance transfer. For an explanation of our Advertising Policy, visit this page.

If you believe cryptocurrency is a good long-term investment, you may be interested in a credit card that offers cryptocurrency rewards. A growing number of companies are working to bring these rewards to crypto enthusiasts and speculators looking to get involved in the digital currency economy.

Of course, this particular type of rewards currency isn't for everyone, especially if you can't stomach potential volatility in the market — so be sure to check out our introductory guide to earning cryptocurrency on credit cards before reading this list of specific crypto cards. Note that there is no official Bitcoin credit card or Ethereum credit card, but you may be able to earn those or other cryptocurrencies with any of the cards mentioned in this guide.

Want more credit card news and advice from TPG? Sign up for our daily newsletter. You can choose to redeem rewards as any of more than 60 supported currencies. Many currencies on the Gemini exchange are eligible for interest when holding the crypto in a Gemini account.

The card includes a flat 1. Sign up for our daily newsletter Email address Sign up I would like to subscribe to The Points Guy newsletters and special email promotions. The Points Guy will not share or sell your email. See privacy policy. The flat 1.

However, the ability to earn rewards in Bitcoin, Ethereum and other cryptocurrencies makes it very different from traditional cash back rewards cards. Once you get your crypto rewards, you can hold them in a BlockFi interest account that offers modest rates on supported currencies.

The top rates are paid on stablecoins like USD Coin, while traditional cryptos offer lower rates. This is partially due to a major ad campaign with Matt Damon and buying naming rights to the Crypto. The Crypto. You can redeem rewards from this card for cash back, stock or fund investments, and cryptocurrency.