Phantom Card is a Debit Card

• Debit Card
• Credit Card
• Prepaid Card

• No Bank Account Offered

Phantom Card differs from a traditional debit card, where the balance is linked directly to your bank account.

With Phantom, you'll need to top up your card before use. It should be noted that Phantom doesn't offer a bank account with this card, as some crypto cards do, which means you won't be able to receive third-party payments, like fiat withdrawals from exchanges, for example.

It's Issued Solely in Virtual Form, Lacking a Physical Version

Phantom Card is available solely in virtual format, unlike 30% of crypto cards offering both physical and virtual versions. This means you cannot use it for ATM withdrawals, or at places like car rental companies or hotels that require a physical card for security deposit and identity verification. The virtual card will be issued to you instantly after you complete the KYC Identity Verification.

Wondering about the pros and cons of virtual-only format? Here are some highlights:

Useful:Since Phantom Card supports Apple Pay, you can still use this card in real life, to pay for everyday purchases.

Crypto-to-USD Conversion Cost with Phantom Card

Phantom Card Requires Pre-Load

Before you can use your Phantom Card, you will need to top-up your account. This means you will have to convert your crypto in advance, exchanging it to USD and moving it to the card account, to make it available for spending.

Crypto

Crypto to Fiat Conversion Fee	0.85%
Broker Sell Spread	~0.1%
Load Fee	0%
Transaction Fee	0%
Gas Fees	vary
Total Crypto to USD Cost	~0.95% + Gas Fees

USD

Low Cost:Compared to the average ~1.8% crypto-to-fiat cost of other cards, converting crypto with Phantom Card is much more cost-effective (~0.95% + Gas Fees). This means that you will get more USD for your crypto when using this card.

From all crypto cards we reviewed for North America, Crypto.com Card, Shakepay Card and Fold Card offer the cheapest crypto-to-fiat conversions (~0.75%, ~0.75% and ~1.5% respectively), while converting crypto with Coinbase Card will cost you the most, ~4%.

How Does Phantom Card Compare to Other Crypto Cards?

Phantom Card ranks #12 out of 67 amongst all the crypto cards we have reviewed so far. This means it's in the Top 30%.

In addition, Phantom Card ranks #5 out of 18 amongst Non-Custodial Crypto Cards.

We compared Phantom Card with 9 similar crypto cards, available for the same geographical region. See the resulting pros and cons below.

Strongest Features Against Competitors

Here are the strongest features of Phantom Card against its 9 competitors:

• Has a Foreign Exchange Fee of 0% (other cards have 1.5% average).
• Supports 1382 cryptocurrencies (while other cards support an average of 40).
• Solid company with a 8.5/10 brand authority score (the average for all competing cards is 7/10).
• Their customer service is very good with a 7.5/10 score (others score only 5.7/10 on average).
• You won't be charged any monthly fee (while 20% of other crypto cards charge one, with a median of 1.75 USD per month).
• This crypto card is non-custodial, which means you keep the keys to your crypto assets and can connect your own wallet. You have full control, unlike with custodial cards that manage your crypto assets.
• Available for residents of United States.

Weakest Features Against Competitors

Compared to its 9 competitors, here are the shortcomings of Phantom Card:

• Doesn't offer any cashback (while other cards give an average of 3%).
• Daily spend is capped at 5,000 USD (while other cards offer 11,500 USD daily spend limit on average).
• Requires preconversion of crypto to load the card (while 30% of competitors auto-convert on every purchase).
• Only available in virtual format (while 30% of competing crypto cards offer both physical and virtual cards).
• Supports only one blockchain, Solana (while other non-custodial cards support an average of 6 blockchains).

Phantom Card vs. Ether.fi Card vs. Offramp Card

	Phantom Card	Ether.fi Card	Offramp Card
Monthly Fee	0.00 USD	0.00 USD	0.00 USD
Crypto to Fiat Cost	~0.95% + Gas Fees	0% + Gas Fees	~0.5% + Gas Fees
Highest Cashback	None	up to 3%	None
Entry-Level Cashback	None	3%	None
Daily Spending Limit	5,000 USD	50,000 USD	Unlimited
Daily ATM Limit	N/A (Virtual-Only Card)	750 USD	N/A (Virtual-Only Card)
Foreign Exchange Fee	0%	0%	0.5%
Asset Management	Non-Custodial	Non-Custodial	Non-Custodial
Availability for United States
Supported Cryptocurrencies	1382	4	4217
Apple Pay	Enabled	Enabled	Enabled
Customer Service	Average	Great	Great
Brand Authority	Well-Known	Growing	Less-Known
		Full Review	Full Review

If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. Offramp Card offers an unparalleled Unlimited daily spending limit. You will get lower daily limits with Phantom Card and Ether.fi Card.

Cashback rewards are a great way to earn back some of the money you spend on your card and is an important consideration as well. Out of the three, Ether.fi Card offers the best cashback rewards of up to 3%. With Phantom Card and Offramp Card, you will have no cashback rewards at all.

To make a good choice, look through all features, as it is an individual choice. If you will mostly do online transactions with this card, then Apple Pay availability may not be a very important feature for you. If you travel a lot, foreign exchange rate will matter. And so on.

• Phantom Card Website
• Ether.fi Card Website
• Offramp Card Website