Top 5 Crypto Cards for Paying for Goods and Services in Malaysia

In 2024, the demand for cryptocurrency cards surged, driven by the increasing integration of digital assets into everyday financial transactions. These cards enable users to spend their cryptocurrency assets as easily as traditional fiat currencies. With trends pointing towards greater adoption, cryptocurrency cards are set to become even more popular in the near future. Their convenience and versatility make them an essential tool for anyone looking to leverage the benefits of crypto in their daily lives. To help you navigate this evolving landscape, this article will provide an overview of five top providers of virtual cryptocurrency cards for purchasing goods and services. These providers are PSTNET, Pyypl, Capitalist CardsPro, Mybrocard, and Ezzocard. Each of these services offers unique features and benefits, catering to different needs and preferences.

Virtual cryptocurrency cards are digital payment instruments that allow users to spend their crypto assets just like they would with a conventional bank card. Unlike standard bank cards, virtual crypto cards do not exist in a physical form. They offer several advantages over physical cards, including enhanced security, as there is no risk of physical loss or theft. Additionally, these cards can be easily managed online, providing users with greater control over their finances.

With virtual crypto cards, users can perform a wide range of transactions. They can make purchases on resale platforms, pay for digital products and software, use them during travel, book hotels, buy airline tickets, and make international transfers. These cards are typically multi-currency, supporting both crypto and fiat accounts. This means that converting cryptocurrency to fiat currency is as simple as making an internal transfer between accounts, a process that is instant and seamless. As a result, virtual crypto cards provide a versatile and efficient means of managing and spending digital assets.

1. PSTNET

PSTNET offers digital Visa and Mastercard options for various purposes. Their virtual card, Ultima, is hailed as the best virtual crypto card for its extensive features and benefits. Designed to meet the needs of online shoppers, digital service subscribers, and media buyers, the Ultima card provides a seamless and secure payment experience.

One of the standout features of PSTNET’s Ultima card is the absence of spending and top-up limits. Users can make unlimited purchases and fund their accounts with no restrictions, making it ideal for frequent transactions and high-volume spending. 

Additionally, the platform charges a mere 2% top-up fee, the lowest in the market, regardless of the funding method used. There are no transaction fees, charges for frozen card operations, or withdrawal fees, making the Ultima card exceptionally cost-effective.

Users can choose a temporary plan, paying $7 weekly or opting for an annual plan currently discounted by 48%, costing $99.

Additionally, PSTNET also provides users the unique opportunity to create digital White Label cards. These cards can be integrated directly into a company’s products, offering a proprietary payment solution that expands the functional capabilities of the brand’s services.

Core Benefits

• Easy Top-Up Options: Accepts funds via popular cryptocurrencies like USDT TRC-20 and BTC (among 15 others), bank transfers through SEPA/SWIFT, or traditional Visa/Mastercard deposits.

• Enhanced Security: Utilizes 3D Secure technology, sending secret codes via SMS, personal account, or Telegram bot to verify transactions, reducing the risk of fraud.
• Free Cards: Available for users with sufficient monthly spending.
• Free Withdrawals: No additional costs for withdrawing funds from the Ultima card.
• Simple Registration: Complete the process in just one minute using Google, Telegram, WhatsApp, or Apple accounts.
• No Initial Documentation Required: First card issuance is immediate and active without needing documents.
• Verification: Only necessary if the top-up amount exceeds $500 or for mass card issuance.
• Convenient Notifications: Functional Telegram bot sends notifications and 3DS codes for added security.
• 24/7 Customer Support: Available through Telegram, WhatsApp, and email.
• Positive User Reviews: PSTNET is praised for its quick and secure international transfers.

2. Pyypl 

Pyypl is a versatile digital wallet that supports the widely accepted Mastercard payment system. It offers a range of advantages including accessibility in multiple countries across the Middle East, Africa, and Central Asia. Pyypl cards are particularly known for their competitive pricing, charging only a $5 issuance fee. Top-up fees vary depending on the method but generally range from 1% to 2%.

Core Benefits

• Top-Up Options: Users can fund their Pyypl accounts through various methods, including debit cards, Apple Pay, and Binance Pay for cryptocurrency users.
• Enhanced Security: The platform uses advanced security measures to protect transactions, including real-time fraud monitoring and OTP verification.
• Withdrawals: Funds can be withdrawn easily, with minimal or no additional charges depending on the withdrawal method.
• Registration: The registration process is straightforward, requiring only a few minutes and basic personal information.
• Verification: Verification is mandatory to access all features, but it is designed to be user-friendly and quick.
• Customer Support: Pyypl provides 24/7 customer support through multiple channels, including email and in-app chat.
• User Reviews: Customers consistently commend Pyypl for its user-friendly interface, reliable customer service, and the convenience of multiple top-up options.

3. Capitalist 

Capitalist is a popular financial platform offering a range of services, including virtual cards. Cards Pro is a specialized service within Capitalist, providing users with access to virtual Visa and Mastercard cards. These cards can be issued in unlimited quantities.

Core Benefits:

• Top-Up Options: Users can top up their Cards Pro via multiple methods. Cryptocurrencies such as Bitcoin (BTC), USDT Tether (ERC20 and TRC20), Ethereum (ETH), and USDC (ERC20) are supported. Standard methods include international bank transfers (SWIFT/SEPA) and other Visa/Mastercard cards. The fee for topping up through Capitalist is 4%.
• Enhanced Security: Capitalist emphasizes confidentiality for all transactions. However, it is important to note that Cards Pro does not support 3D Secure, which can limit its use with certain services.
• Withdrawals: Funds can be withdrawn from the Capitalist account to the virtual cards with a 3% commission fee, and the amount becomes available instantly after approval.
• Registration: The registration process on the platform is multi-step. Users must fill out the standard form on the website and confirm their email, request access to Cards Pro through their personal account, and complete an additional registration stage, including filling out a questionnaire and a short interview.
• Verification: Involves providing an ID and proof of address. Users must upload high-resolution images of these documents and await approval to ensure compliance with usage policies.
• Customer Support: The support team is available 24/7 via Telegram, responding to user queries within minutes.
• User Reviews: Customers consistently appreciate Capitalist Cards Pro for its reliability, user-friendly interface, and the confidentiality it offers. While the lack of 3D Secure is a noted limitation, the overall user experience remains positive, especially for those engaged in digital advertising payments.

4. Nexo 

Nexo is a prominent financial platform offering a range of crypto-based services, including virtual cards. The Nexo Card is integrated with major payment systems like Mastercard, making it widely usable across various geographies. The Nexo Card allows users to spend crypto without selling it, offering flexibility and convenience. Users can seamlessly convert their crypto into fiat currencies for transactions. The card issuance is free for Nexo users, with competitive transaction and top-up fees.

Core Benefits:

• Top-Up Options: Users can top up their Nexo Card through multiple methods. Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDT and USDC are supported. Additionally, fiat top-ups via bank transfers are also available.
• Enhanced Security: Nexo prioritizes security by offering features such as two-factor authentication (2FA) and real-time transaction notifications. The Nexo Card is protected with advanced security protocols, ensuring safe transactions for users.
• Withdrawals: Users can withdraw funds from their Nexo Card at any Mastercard-compatible ATM. Withdrawal limits and fees vary depending on the user’s loyalty tier within the Nexo platform. Higher-tier users benefit from lower fees and higher withdrawal limits.
• Registration: The registration process for obtaining a Nexo Card is straightforward. Users must sign up on the Nexo platform, verify their identity, and request the card through their personal account. The virtual card is issued instantly, while physical cards are shipped to the user’s address.
• Verification: Verification involves uploading an ID and proof of address, similar to standard KYC (Know Your Customer) procedures. This ensures compliance with international regulations and enhances platform security.
• Customer Support: Nexo offers robust customer support available 24/7 through various channels, including live chat, email, and phone support. Users report quick and helpful responses from the support team.
• User Reviews: Customers praise Nexo for its seamless integration of crypto and fiat transactions, the ease of using the Nexo Card, and the platform’s strong security measures. While some users mention the need for lower fees, the overall feedback is positive, highlighting the card’s convenience and flexibility.

5. Ezzocard

Ezzocard offers a range of virtual prepaid cards that are accepted by major payment systems such as Visa and Mastercard. These cards can be used globally, making them a versatile option for online purchases and services. The cards are designed to provide privacy and security, ideal for those who prioritize anonymity in their transactions. Ezzocard cards are available in various denominations, catering to different spending needs. The issuance fee is generally low, and the platform supports multiple top-up methods with competitive fees.

Core Benefits:

• Top-Up Options: Users can top up their Ezzocard using several methods, including cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as fiat methods like international bank transfers and other Visa/Mastercard cards. This flexibility ensures that users can easily add funds to their virtual cards as needed.
• Enhanced Security: Ezzocard emphasizes security through features like two-factor authentication and encrypted transactions. The cards are designed to offer a high level of privacy, which is particularly appealing to users concerned about their online security.
• Withdrawals: Funds can be withdrawn from Ezzocard at any ATM that supports Visa or Mastercard. The withdrawal process is straightforward, though fees and limits may vary based on the user’s location and the specific card used.
• Registration: The registration process on Ezzocard is user-friendly. Users need to sign up on the platform, choose their desired card type, and complete the necessary payment. The virtual card is issued instantly, ready for immediate use in online transactions.
• Verification: Ezzocard requires minimal verification for users, enhancing the privacy and convenience of the service. Basic identity verification may be required depending on the top-up methods or withdrawal limits.
• Customer Support: Ezzocard offers customer support through multiple channels, including email and live chat. The support team is known for their prompt and helpful responses, ensuring that users can resolve any issues quickly.
• User Reviews: Users appreciate Ezzocard for its ease of use, security features, and the anonymity it provides. The platform is particularly praised for its straightforward registration and top-up process, as well as its responsive customer support. 

To sum up

In 2024, virtual cryptocurrency cards have become an essential tool for managing and spending digital assets. These cards enable users to make purchases, pay for digital products and services, and conduct international transfers with ease. PSTNET offers its Ultima card with no spending or top-up limits and a 2% top-up fee, emphasizing security through 3D Secure technology. Pyypl supports Mastercard payments with competitive fees and advanced security measures. Capitalist’s Cards Pro provides virtual Visa and Mastercard options with confidentiality for transactions, though it lacks 3D Secure support. Nexo integrates crypto and fiat transactions, offering features like two-factor authentication and real-time notifications. Ezzocard focuses on privacy and security with multiple top-up methods and minimal verification requirements. Each provider caters to different needs, making virtual crypto cards a versatile and efficient option for leveraging the benefits of cryptocurrency in everyday financial transactions.