Tap Card

#27 (out of 35) in Crypto Cards
#19 (out of 25) in Crypto Cards for Europe
Add to compare
5.5
Overall Rating
CRITERIA:
Company Strength
6
Fee Structure
4
Customer Service
6.5
PROS:
  • Simple & Intuitive App Interface
  • 40+ Cryptocurrencies Supported
CONS:
  • Apple Pay Not Enabled
  • No Cashback Rewards
Visa or MC
Debit or Credit

Debit Card

Denominated In€ EUR
Apple PayNot Enabled
Monthly Fee

0.00 EUR

Monthly Inactivity Fee

3.00 EUR

Foreign Exchange Fee

1.5%

Crypto to Fiat Crypto->Fiat Conversion Fee

1.5%

Cashback

None

Daily Spending Limit

5,000 EUR

Daily ATM Withdrawal Limit

400 EUR

Crypto to Fiat Conversion

Manual when Preloading

Supported CountriesShow All
Supported CryptocurrenciesShow All (46)

Tap Card Benefits and Rewards

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

Tap Card is a Debit Card

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

It Comes in Both Physical and Virtual Forms

You can get Tap Card in both physical and virtual versions, a feature only available with 50% of crypto cards. They'll mail you the physical card, and you can instantly get the virtual card online after completing KYC Identity Verification.

Wondering about the perks of each card type? Here are some highlights:

Physical Card
Virtual Card
ATM WithdrawalsSecond Card Number
Required for Car Rentals, HotelsInstant Availability
Useful When Phone Dies, or no WifiFreeze for Safety
Backup Payment MethodSet Lower Spend Limits

You will find the physical Tap Card useful for in-person purchases, while the virtual card will be perfect for online transactions like subscriptions.

How Does Tap Card Compare to Other Crypto Cards?

Tap Card ranks #19 out of 25 amongst similar crypto cards. This card is a solid choice among the many crypto cards available, offering competitive features and benefits.

While we have a total of 35 cards listed in our Crypto Cards category, only 24 are comparable to Tap Card, since they are available for customers in the same geographical region.

Strongest Features Against Competitors

Here are the strongest features of Tap Card against its 24 competitors :

  • Supports 46 cryptocurrencies (while other cards support an average of 20).
  • You can get both a physical card and a second virtual card (while 50% of competing crypto cards offer only one type - either physical or just virtual).
  • Offers free ATM withdrawals for up to 500 EUR per month (which is very generous comparing to the average of 200 EUR free withdrawal limit offered by other cards).

Weakest Features Against Competitors

Compared to its 24 competitors, here are the shortcomings of Tap 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 5%).
  • Daily spend is capped at 5,000 EUR (while other cards offer 11,000 EUR daily spend limit on average).
  • Limits ATM widthdrawals to 400 EUR per day (average amongst other cards is 1,000 EUR).
  • Requires preconversion of crypto to load the card (while 40% of competitors auto-convert on every purchase).
  • Tap Card vs. Fiat24 Card vs. Nexo Card

    Tap Card
    Fiat24 Card
    Nexo Card
    Monthly Fee 0.00 EUR 0.00 EUR 0.00 EUR
    Foreign Exchange Fee 1.5% 1.5% 0.5%
    Crypto to Fiat Fee 1.5% 1% 0.0%
    Highest Cashback None None up to 2%
    Entry-Level Cashback None None 0.5%
    Daily Spending Limit 5,000 EUR 9,800 EUR 10,000 EUR
    Daily ATM Limit 400 EUR N/A (Virtual-Only Card) 2,000 EUR
    Availability for United States flagUnited States
    Supported Cryptocurrencies 46 12 64
    Apple Pay Not Enabled Enabled Enabled
    Customer Service Average Great Great
    Company Strength Medium Weak Strong

    If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. Nexo Card offers the highest daily spending limit of 10,000 EUR. You will get lower daily limits with Tap Card and Fiat24 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, Nexo Card offers the best cashback rewards of up to 2%. With Tap Card and Fiat24 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.

Tap Card ATM Fees: The Real Cost of Cashing Out

Local ATM Withdrawals in EUR

Here's a breakdown of the fees you'll face when making local ATM withdrawals with your Tap Card:

You're at a local ATM and have:
0.0662 ETH (200 EUR)
-3 EUR
Tap Global Crypto-to-Fiat Conversion Fee: 1.5%
-3.94 EUR
Tap Global ATM Withdrawal Fee: 2%, min 2 EUR
-3 EUR
ATM Operator Fee: ~3 EUR
190.06 EUR

Starting with an initial amount of 200 EUR in ETH, the ATM withdrawal with Tap Card will cost you a total of ~9.94 EUR (5% of 200 EUR), resulting in a final cash withdrawal of 190.06 EUR in hand.

Doesn't Tap Global Card Offer Free ATM Withdrawals?

Yes, Tap Global offers free ATM withdrawals for up to 500 EUR per month (which is substantially higher comparing to the average of 200 EUR free withdrawal limit offered by other cards).

When they say 'free', they are only referring to their ATM Withdrawal Fee, which will be waived for the first 500 EUR withdrawn per month. In our example, if you withdraw 200 EUR, this waiver saves you 3.94 EUR, reducing your local ATM withdrawal cost to around 6 EUR, compared to the standard cost of approximately 9.94 EUR.

International non-EUR ATM Withdrawals

Things will get significantly worse for International ATM Withdrawals. If you're out of country and cashing out with your Tap Card, here's what it will look like:

You're at an international ATM and have:
0.0662 ETH (200 EUR)
-3 EUR
Tap Global Crypto-to-Fiat Conversion Fee: 1.5%
-3.94 EUR
Tap Global Intl ATM Withdrawal Fee: 2%, min 2 EUR
-2.96 EUR
Tap Global Foreign Exchange Fee: 1.5%
-1.97 EUR
Mastercard Foreign Exchange Fee: 1%
-3 EUR
ATM Operator Fee: ~3 EUR
-3.94 EUR
ATM Operator Foreign Exchange Fee: ~2%
Foreign Currency (worth 178.19 EUR)

For an international withdrawal using your Tap Card with an initial 200 EUR in ETH, you'll incur fees totaling ~18.81 EUR (9.4% of 200 EUR), leaving you with 178.19 EUR in the equivalent foreign currency.

Reality CheckCompared to other crypto cards, Tap Card is more expensive for both local and international ATM withdrawals:

Cost with Tap CardCost with Other Cards
Local ATM Withdrawals~10 EUR (5% of 200 EUR)~7.6 EUR (3.8% of 200 EUR)
International ATM Withdrawals~18.8 EUR (9.4% of 200 EUR)~17.2 EUR (8.6% of 200 EUR)

From all crypto cards that we reviewed, Nexo Card, Bit2Me Card and KuCoin Card offer the cheapest local ATM withdrawals (2.5%, 2.5% and 2.7% of 200 EUR respectively), while OWNR Card scores the worst, landing last on the list with a total local ATM withdrawal cost of 7.4% of 200 EUR.

Is Tap Card Available for Residents of United States?

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

Tap Card supports the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Scotland, Slovakia, Slovenia, Spain, Sweden, United Kingdom, Wales.

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.

Okay. 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
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