COCA Card

#23 (out of 41) in Crypto Cards
Add to compare
6.3
Overall Rating
CRITERIA:
Company Strength
3
Fee Structure
7.4
Customer Service
8.5
PROS:
  • Non-custodial, you control your assets
  • Generous daily spend limit
CONS:
  • Virtual-only card with no Apple Pay
  • Can only be used for online payments
  • Only 2 cryptocurrencies supported
Visa or MC
Debit or Credit

Prepaid Card

Denominated In€ EUR
Apple PayNot Enabled
Monthly Fee

0.00 EUR

Monthly Inactivity Fee

5.00 EUR

Crypto to EUR Crypto->EUR Conversion Cost

~0.5% + Gas Fees

Cashback

None

Daily Spending Limit

30,000 EUR

Daily ATM Withdrawal Limit

N/A (Virtual-Only Card)

Foreign Exchange Fee

0%

Crypto to Fiat Conversion

Manual when Preloading

Supported CountriesShow All (35)
Supported Blockchains
Supported CryptocurrenciesUSDCUSDCEUSDTUSDTE

COCA Card Benefits and Rewards

COCA card does not offer cashback rewards or any additional incentives for using the card.

COCA Card is a Prepaid Card

  • Debit Card
  • Credit Card
  • Prepaid Card
  • No Bank Account Offered

COCA Card is very much like a traditional prepaid card that carries its own balance, and you'll need to top it up before use. It should be noted that Coca Wallet doesn't offer a bank account with this card (while 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

COCA Card is available solely in virtual format, unlike 40% 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:

No Physical Card
Virtual Card
No ATM WithdrawalsInstantly Available, No Waiting for Mail
No Card when Hotels or Car Rentals Require itIdeal for Online Purchases
No Card When Phone Dies or no InternetEnvironmentally Friendly
No Feel-Good Backup Payment MethodNo Tangible Item to Misplace

Not so Great:Since COCA Card doesn't support Apple Pay and doesn't have a physical card version, you will only be able to use this card for online purchases.

Crypto-to-EUR Conversion Cost with COCA Card

COCA Card Requires Pre-Load

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

Crypto
Crypto to Fiat Conversion Fee0%
Broker Sell Spread~0.5%
Load Fee0%
Transaction Fee
0%
Gas Feesvary
Total Crypto to EUR Cost~0.5% + Gas Fees
EUR

Low Cost:Compared to the average ~1.7% crypto-to-fiat cost of other cards, converting crypto with COCA Card is much more cost-effective (~0.5% + Gas Fees). This means that you will get more EUR for your crypto when using this card.

From all crypto cards we reviewed, WhiteBIT Card, Holyheld Card and Crypto.com Card offer the cheapest crypto-to-fiat conversions (~0.28%, ~0.5% and ~0.75% respectively), while converting crypto with OWNR Card will cost you the most, ~4.64%.

How Does COCA Card Compare to Other Crypto Cards?

COCA Card ranks #20 out of 32 amongst similar crypto cards.This card is a solid choice among the many crypto cards available, offering competitive features and benefits.

Strongest Features Against Competitors

Here are the strongest features of COCA Card against its 31 competitors :

  • Has a Foreign Exchange Fee of 0% (other cards have 1.5% average).
  • Offers a generous 30,000 EUR daily spend limit (other cards offer 14,000 EUR limit on average).
  • Their customer service is very good with a 8.5/10 score (others score only 6.7/10 on average).
  • Their overall fee structure is incredibly budget-friendly, with a score of 7.4/10 (average fee structure rating amongst other cards is 6/10).

Weakest Features Against Competitors

Compared to its 31 competitors, here are the shortcomings of COCA Card:

  • Apple Pay isn't enabled (while 60% of competing crypto cards have it).
  • Doesn't offer any cashback (while other cards give an average of 4%).
  • Less-known company with a 3/10 company strength score (the average for all competing cards is 6/10).
  • Requires preconversion of crypto to load the card (while 40% of competitors auto-convert on every purchase).
  • Only available in virtual format (while 40% of competing crypto cards offer both physical and virtual cards).
  • COCA Card vs. Cryptopay Card vs. Nexo Card

    COCA Card
    Cryptopay Card
    Nexo Card
    Monthly Fee 0.00 EUR 1.00 EUR 0.00 EUR
    Crypto to Fiat Cost ~0.5% + Gas Fees ~1.95% ~0.75%
    Highest Cashback None None up to 2%
    Entry-Level Cashback None None 0.5%
    Daily Spending Limit 30,000 EUR 30,000 EUR 10,000 EUR
    Daily ATM Limit N/A (Virtual-Only Card) 450 EUR 2,000 EUR
    Foreign Exchange Fee 0% 3% 0.5%
    Availability for United States flagUnited States
    Supported Cryptocurrencies 4 18 63
    Apple Pay Not Enabled Not Enabled Enabled
    Customer Service Great Great Great
    Company Strength Weak Medium Strong

    If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. Both COCA Card and Cryptopay Card offer a solid daily spending limit of 30,000 EUR. The daily limit on Nexo Card is not as high.

    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, Nexo Card offers the best cashback rewards of up to 2%. With COCA Card and Cryptopay 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.

Is COCA Card Available for Residents of United States?

No, COCA Card is not available for residents of United States.

COCA Card supports the following countries: Australia, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Taiwan.

To see our list of available crypto cards for United States, see this list. There are currently 5 cards listed there.

You may also be interested in this article: Crypto Cards for USA: The Best Options for Americans.

Informative Indeed. What's My Next Step?

Paulina Masson

Paulina Masson

Paulina has a strong background in finance and cryptocurrency. She's been involved with crypto since its early days and has observed its progression over the years. Notably, she possesses expertise in various crypto products, having personally tested and evaluated many of them. In her spare time, she is developing a crypto bot designed to automatically trade on short timeframes.

⭑cryptonoshi
Logo
Compare items
  • Total (0)
Compare
0