Maestro debit card is associated with Mastercard and is among the most popular options for funding online crypto accounts in Europe. While the company focused more on the European market, customers can use the card in more than 100 countries. This makes it a great method of purchasing cryptocurrencies online. It is also worth noting that Maestro as a payment method is secure as it is PIN-protected. Obviously, you need to store the PIN safely for it to stay secure. Here are the top crypto sites allowing Maestro for deposits.
Top 6 sites for buying, selling and trading crypto with Maestro
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through Maestro. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
Go directly to
- 1 Top 6 sites for buying, selling and trading crypto with Maestro
- 1.1 Summary
- 1.2 Advantages
- 1.3 Disadvantages
- 1.4 What is Maestro?
- 1.5 Maestro Costs when used for crypto deposits
- 1.6 Transaction speed for Maestro
- 1.7 Maestro Deposits: How to do it?
- 1.8 Which are the main countries where Maestro is used?
- 1.9 Can you withdraw with Maestro?
- 1.10 Reputation of Maestro
- 1.11 FAQ
Above are the best crypto exchanges, platforms and brokers that offer funding with Maestro.
Most notable crypto exchanges accept Maestro for crypto deposits, so you shouldn’t hesitate to get one for yourself. With it, you can make transactions instantly. You should also note that its transaction fees are quite low, and this means the charges will not eat into your profits. It is worth noting that this debit card will only draw funds from your bank account as it doesn’t give you access to credit. While Maestro cards only are issued as debit cars, the big brother Mastercard can also be used for as a pre-paid card or as a credit card.
+It doesn’t have annual fees.
+As a debit card, it is interest-free.
+It is used all over the world.
+There are many crypto sites that accept Maestro.
+It is highly convenient to use.
-It offers limited fraud protection.
-It won’t help you to build credit.
-You can’t use it to make transactions on credit.
-You will need to pay transaction fees.
-It is set to be phased out in 2023.
What is Maestro?
A key difference between this card and Mastercard is that Maestro is only issued as a debit card. You cannot get it as a credit card. To get this debit card, you will have to first get a bank account from a financial institution that supports the payment system.
Maestro Costs when used for crypto deposits
The average transaction fee for this payment method is 0.75% of the overall payment. When buying cryptocurrencies with this banking option, you will also need to factor in the deposit fee of the crypto exchange.
Transaction speed for Maestro
With this payment option, you will be able to transfer funds in less than a second. The card is widely used around the world and has proven to be extremely fast. People generally use this debit card to buy cryptocurrencies because of its quick transactions.
Maestro Deposits: How to do it?
1. Go to your crypto exchange and log into your account
2. Go to the payment section and select this debit cards from the list of deposit methods
3. Enter the amount you want to deposit
4. Confirm your payment details
5. Verify your debit card and complete the transaction
Which are the main countries where Maestro is used?
Hundreds of millions of Maestro cards have been issued around the world, but this card is most popular in Europe. Some of the countries where the payment option is commonly used include Austria, Germany, India, The Netherlands, and Venezuela. The card is accepted in more than 100 countries, so you can use it to make payments on lots of crypto exchanges.
Can you withdraw with Maestro?
You can make withdrawals from crypto exchanges with this debit card. When making withdrawals with this method, you may need to wait up to three business days for the transaction to reflect. If you want quicker withdrawals, you should consider using e-wallets like PayPal and Skrill. You can also use Apple Pay if you have an iPhone.
Reputation of Maestro
This deposit method has a great reputation, especially in Europe. It is associated with Mastercard, and this makes it a more attractive payment method for online platforms. If you don’t live in Europe, you should consider getting Mastercard or Visa debit cards instead of Maestro.
Here are some of the most frequently asked questions that Crypto Lists receive from our visitors. In case your query is not covered, feel free to ask us for free.
When and why will Maestro be replaced?
Mastercard is planning to replace this debit card with Mastercard debit, and this transition is set to begin in July 2023. From the start of July 2022, banks will not issue new Maestro cards and will replace any lost or stolen debit cards with Mastercard debit. One possible reason for this is that with their Mastercard brand, they got way more users and it’s no point to have 2 different brands for them, doing more or less the same job.
Is it safe to use Maestro for cryptocurrencies?
Yes, while this debit card has limited fraud protection, it is extremely safe to use to purchase cryptocurrencies. It is PIN-protected, meaning any transaction has to be verified before funds are released. So make sure to keep you pin code safe.
How do I set up Maestro?
This debit card is linked to a checking account, meaning you need to start by getting a bank account. The associated bank will then process the debit card for you.
Is Maestro instant?
Yes, this banking method processes deposits instantly.
When was Maestro founded?
This debit card was introduced by Mastercard in 1991. It has changed its logo twice since then, and the current one has been used since 2016.
Where is the mother company based?
Mastercard is the mother company of Maestro, and it is based in Purchase in New York, near Westchester County Airport.