The Ultimate Guide to Earning Ethereum on Everyday Purchases

Key Takeaways

• Some crypto cards will allow you to earn ether (ETF) from everyday spending, to generate crypto rewards on everyday spending.

• In order to make the most of these rewards, choose crypto cards which offer you either native ether reward for spending, or low-fee conversion.

What Does “Earning Ethereum” Mean? 

Ethereum is one of the largest and most influential blockchain networks in the crypto space, and some crypto cards allow the network’s native token, ether (ETH), to be generated as a reward for everyday spending. This is effectively a form of cashback, except it is paid in ether.

Some providers will allow ethereum to be as a reward for spending, whereas other crypto card providers might require that to be converted into ether from a different reward token. Typically, the card provider will calculate a percentage of the transaction value and award you that percentage in a digital asset. This will then usually be added to your balance, allowing you to withdraw, sell, or top up your balance again if you are using a crypto debit card.

Comparing Ethereum Rewards from Popular Cards

Crypto cards will differ on the ether rewards they offer users and , or need to be auto-converted from another reward type. It’s important to understand the options available to know what the right choice of card is for you.  

Some of the most popular crypto cards for earning ether rewards include: 

• : The Gemini Credit Card enables cardholders to select ether as the asset in which they earn rewards, making it one of the best options for this preference. This means that users don't need to worry about paying fees for converting their rewards from another asset.

• Coinbase Card: The Coinbase crypto card is another card which allows users to select ether as the desired reward asset for spending. Rewards earned vary depending on the type of spending and rewards are added directly to the user’s account.

• Crypto.com Card: This card’s rewards are typically paid in CRO, the native token of the Crypto.com exchange. This means that rewards are not payable directly into ether and must be converted, which is simple to do using the platform’s interface.

• Binance Card: Rewards for Binance’s card and the spending mechanics involved vary, but the exchange has very high-liquidity markets. This means that even though ether is not paid directly as a reward asset, converting it is fairly straightforward.

• Nexo Card (and other hybrid models): The Nexo card utilizes a hybrid credit model, meaning that users can earn yield bonuses which can then be converted to ether on the platform. This means they can be used for both enhanced spending power and borrowing. 

How to Maximise Your Ethereum Earning

If you’re interested in earning the largest possible amount of ether on your spending, you should prioritize spending in the highest category of rewards. For example, the Gemini Credit Card offers 4% returns on spending on fuel and transit, so spending using your card in this category will guarantee the highest possible returns in ether.

Other good habits to make sure your ether rewards remain consistent:

• Look for card providers who offer high return rates on certain types of spending.

• Always strive to pay the full balance of a crypto credit card on time, to ensure that your rewards are not eaten into by interest rates.

• Keep an eye out for seasonal promos or partnerships with certain types of merchants to boost the amount of ether you earn on your spending. 

You can also make use of tools such as portfolio tracks which have crypto card reward tracking to keep track of how much ether you have accumulated by using the card. Platforms like MetaMask can also help you keep track of your ether balance if you choose to set up auto-withdrawals.

The Bottom Line

With the right card, earning ether on everyday purchases can be a simple way of accumulating digital assets while you carry out your everyday spending. 

In order to maximize the rewards you earn, choose a card which allows you to select ether as your reward crypto of choice, and prioritize high-rewards categories of spending. The offers up to 4% on fuel and transit spending, and can deposit ether directly into your account balance after the transaction is settled.

Frequently Asked Questions (FAQs)

How can I receive ether from card spending?

You can earn ether rewards from a crypto card, which deposits crypto rewards into your linked account after a transaction has settled.

Will Ethereum gas fees diminish my rewards?

Technically yes. If you’re concerned about the fee the Ethereum network takes for moving this ether to your balance, choose a provider which pays rewards in large batches so as to minimise the effect of gas fees.