76 Best Crypto Cards in Latvia 2026

What to Know Before Using Crypto Cards in Latvia

Tax

25.5% Tax on Every Spend

Spending crypto via a card is treated as a capital asset disposal, triggering a 25.5% tax on any price gains since you acquired the coins.

Regulation

Quarterly Filing for Heavy Spenders

If your total capital gains income exceeds €1,000 in a single quarter, you must file tax declarations quarterly rather than annually.

Banking

Strict AML Banking Culture

Latvian banks are known for aggressive anti-money laundering checks; expect frequent requests for 'source of funds' documentation for crypto transfers.

Banking

90% SEPA Instant Coverage

Most major Latvian banks like Swedbank and SEB support SEPA Instant, allowing near-immediate top-ups to crypto card providers with EU IBANs.

Tax

No Small Transaction Exemptions

Latvia does not offer a 'de minimis' tax exemption for small crypto purchases; even a coffee bought with crypto requires cost-basis tracking.

Regulation

New MiCA Licensing Era

As of late 2024, Latvia has fully implemented EU MiCA rules, meaning local crypto services must now hold specific central bank authorizations.

Common Questions About Crypto Cards in Latvia

1 Do I have to pay tax every time I use my crypto card in Latvia?

Technically, yes. Each time you buy something, the tax office views it as selling an asset. You owe 25.5% tax on the difference between what you originally paid for the crypto and its value at the moment you spent it.

2 How often do I need to report my crypto card spending to the VID?

It depends on your profit. If your total gains stay under €1,000 in a quarter, you only report once a year by January 15th. If you go over €1,000, you must file a declaration by the 15th day of the month following that quarter.

3 Will my Latvian bank block transfers to crypto card providers?

Generally no, but they are very cautious. Because of Latvia's strict financial rules, your bank might delay transfers or ask you to provide proof of where your money came from before they release the funds to a crypto platform.

4 Are stablecoins like USDT tax-free when spent in Latvia?

No. The Latvian tax authorities treat all virtual currencies the same way. Even if the price of a stablecoin hasn't changed much, the act of spending it is still a taxable event that must be tracked and reported.

5 Can I top up my crypto card instantly from a Latvian bank?

Yes, in most cases. Most large Latvian banks support SEPA Instant, so if your crypto card provider gives you a European IBAN, your money should arrive in your card account within seconds.

Country-specific information last researched on February 13, 2026 . Regulations and policies can change — always verify with your card provider and local tax authority.

Top-Rated Cards in Latvia

Top-Rated Card Details

Ether.Fi Cash Card

4.6⭐

Ether.fi Cash is a non-custodial Visa credit card for DeFi users seeking spending power without selling crypto.

Ready Card

4.6⭐

The Ready Metal Card is a premium self-custodial Mastercard debit card for spending crypto while retaining asset control. Crypto stays in your wallet until each payment, ensuring complete financial autonomy.

Kolo Card

4.1⭐

Kolo Card is a crypto debit card that lets users spend cryptocurrencies, including memecoins, at merchants worldwide that accept Visa or Mastercard. Designed for crypto enthusiasts, it features automatic real-time crypto-to-fiat conversion for everyday purchases.

PAYY Card

4⭐

PAYY Card is a crypto-enabled Visa credit card that lets users spend stablecoins (USDC) directly at merchants while maintaining privacy through zero-knowledge proofs on the Payy Network blockchain. The self-custodial model gives users full control of their funds via the PAYY Wallet app.

Gnosis Pay Card

4⭐

The Gnosis Pay Card is a self-custodial Visa debit card that connects directly to a Safe Smart Account on the Gnosis Chain blockchain. Users maintain complete control of their crypto assets while spending at any Visa-accepting merchant worldwide.

COCA Card

3.9⭐

COCA Card is a prepaid Mastercard offering high crypto cashback rewards and global spending flexibility. Issued via Wirex on the Mastercard network, it supports multiple stablecoins and requires pre-loading with funds converted to EUR.