Frequently Asked Question: Can You Spend Crypto Earnings?
One of the most common questions I receive from friends and family when discussing crypto investments is: "Can you actually spend your cryptocurrency earnings in daily life?" While converting crypto to New Taiwan Dollars (TWD) traditionally involves multiple steps—selling on local exchanges and bank transfers—the Crypto.com Visa Card simplifies this process dramatically.
How Crypto Veterans Spend Their Earnings
The Crypto.com Visa Card Advantage
Among experienced crypto users, the Crypto.com Visa Card emerges as the preferred solution for direct spending. This card eliminates complex withdrawal procedures by allowing seamless conversion of crypto assets to spendable fiat currency.
Why I Chose the Crypto.com Visa Card
For me, the real test of crypto profits lies in their practical spendability. This card bridges the gap between digital assets and real-world purchases, especially when combined with LINE Pay—effectively turning crypto into tangible purchasing power.
Step-by-Step Usage Guide
Step 1: Apply for the Card
Begin by applying for your Crypto.com Visa Card—a prepaid debit card requiring funds to be loaded before use.
Step 2: Transfer Funds from Binance
I transferred 10 USDT from my Binance account to my Crypto.com wallet.
Step 3: Load Funds onto the Card
- Open the Crypto.com App
- Navigate to "Payment Card"
- Select "Top Up"
- Choose amount in SGD (Singapore Dollars)
Note: CRO tokens must first be converted to other cryptocurrencies like USDT or BTC before loading.
Step 4: Ready to Spend
Once loaded, the card functions like any Visa debit card. For enhanced usability in Taiwan, I recommend adding it to LINE Pay.
Taiwan Spending Experience
Transaction Example:
- Date: June 19, 2024
- Location: Nice Day Café (near Taipei Sun Yat-sen Memorial Hall Station)
- Items: Beef rice bowl + Sicilian coffee
- Amount: 325 TWD via LINE Pay
The card also worked successfully at:
- Ba Fang Yun Ji dumplings
- Notch Coffee
- Amazing Talker (online tutoring)
- Hypermarkets like A.mart
Currently, the card doesn't support Apple Pay in Taiwan.
Overseas Usage Examples
Japan (March 2025)
- Locations: Kawaguchiko, Shinjuku, Narita Airport
Singapore (April 2025)
- Locations: Sentosa, Universal Studios, MRT
Since the card uses SGD, Singapore transactions avoid foreign exchange fees and work seamlessly on public transport.
Practical Considerations
While convenient, be aware of:
- Small FX spreads (~0.8% in my café transaction)
- Current limitations with some payment apps (e.g., Jiekou)
- The evolving crypto payment infrastructure in Taiwan
👉 Explore Crypto.com's services to begin your seamless crypto spending journey.
FAQ Section
Q: Does the card work with Apple Pay in Taiwan?
A: Currently no, but physical card works anywhere Visa is accepted.
Q: What's the advantage over traditional crypto-to-fiat conversion?
A: It eliminates multiple transfer steps between exchanges and banks.
Q: Can I use CRO tokens directly on the card?
A: No, they must first be converted to supported cryptocurrencies like USDT.
Q: Where does this card shine most?
A: Overseas spending in SGD-friendly locations and LINE Pay integration in Taiwan.
Q: What are the main costs to consider?
A: Small FX spreads and potential conversion fees between crypto assets.
👉 Learn more about crypto payment solutions and how they're transforming digital asset utility.