As the new banking (Neobank) ecosystem matures, it will become the operational layer of the digital economy.

Author: Stacy Muur

Translation: Deep Tide TechFlow

This is one of the most detailed articles I have published on the X platform or Substack. Initially, my goal was to create a comprehensive map of the rapidly growing crypto neobank industry and compare all major players to help my readers choose the crypto neobank that best suits them.

I believe I have achieved this goal.

Welcome to my panoramic guide to crypto neobanks.

Special thanks to @exagroupxyz and @Defi_Warhol for their insights and suggestions.

Once upon a time, managing your crypto assets meant switching between multiple wallets, navigating complex exchanges, paying high fees for conversions, and facing numerous challenges when spending these assets in the real world.

Today, a new generation of crypto neobanks is completely rewriting this experience. From a single app, you can hold interest-bearing stablecoins, spend them at merchants, and transfer funds globally with near-zero friction.

Some crypto neobanks operate similarly to fintech banks based on crypto technology; others are entirely on-chain, integrating stablecoins, decentralized finance (DeFi) protocols, and self-custody wallets into one ecosystem.

This report will explore the current state of crypto neobanks, how they work, the services they offer, and which banks lead in user experience, yield, and adoption rates.

Source: https://www.stacymuur.com/neobanks

Translation: Deep Tide TechFlow

Leading Crypto Neobanks

Plasma One

@Plasma One is a stablecoin-centric crypto neobank and crypto debit card platform that integrates savings, spending, transfers, and digital dollar yields.

The platform is built on Plasma's Layer-1 blockchain and is marketed as the world's first neobank fully centered around stablecoins, primarily targeting global users (especially emerging market users who rely on dollar-backed stablecoins for daily financial activities).

The Plasma One project is well-funded, backed by notable investors (including Peter Thiel's fund and Tether's CEO), having raised $24 million and completed a $373 million token sale through the oversubscription of its native token $XPL.

Core Features

• Non-custodial stablecoin wallet: Users hold their own private keys without the need for a seed phrase.

• High-yield savings: $USDT balance annualized yield exceeds 10%, with earnings continuously accumulating before spending.

• Visa debit card (virtual card + physical card): Spend stablecoins directly at over 150 million merchants in more than 150 countries worldwide.

• 4% cashback on spending: Cashback is paid in $XPL, with higher reward tiers for frequent users and partners.

• Instant stablecoin payments: Free on-chain $USDT transfers globally (ideal for cross-border teams).

• Seamless DeFi integration: Yield sources connected to EtherFi and other liquid staking strategies.

Fee Structure

• $0 transfer or spending fees

• $0 monthly or maintenance fees

• No deposit requirements: Spend directly from interest-earning balances

• Currency conversion: Processed by the Visa network at standard rates

• Withdrawal fees: Only charged when imposed by third-party partners

Additional Information

• Coverage: Supports Visa services in over 150 countries worldwide

• Supported stablecoins: Initially supports $USDT (Tether), with plans to support more stablecoins in the future

• Project backing: Supported by Peter Thiel's Founders Fund and other Tether executives

• Card issuer: Issued by Visa partner Signify Holdings

• Security: Hardware-backed keys, encrypted storage, continuous audits, and real-time fraud detection

Ether.fi Cash

Ether.fi Cash ($ETHFI) is a non-custodial crypto neobank and Visa card platform that allows users to spend, borrow, and earn using $ETH, $BTC, and stablecoins while maintaining full control over their assets. The platform is designed for crypto-native users and organizations, combining DeFi yield strategies with real-world financial functionalities, enabling users to access staking, re-staking, and credit-based liquidity without selling tokens. If you plan to start using @ether_fi, please use my referral link to receive a $20 welcome bonus: https://www.ether.fi/refer/68d6564d

Ether.fi Cash ecosystem metrics (as of October 20, 2025)

Data source: Dune Analytics, DeFiLlama

Since its launch in mid-2025, Ether.fi Cash has become one of the most active crypto card products on the market.

According to Dune Analytics data, the platform manages over $200 million in deposits, supports approximately 12,500 card transactions monthly, and has over 2,300 daily active users.

The product has a significant potential market size (TAM) and has designed an abstraction layer to attract both professional investors and everyday users, who are likely to further flow into Ether.fi's other products.

Core Features

• Visa credit card: Backed by crypto asset collateral

• Instant cashback: 3% cashback on all spending (up to 20% during promotional periods)

• Direct spending: Spend directly from the DeFi yield treasury (earn while you spend)

• High-yield DeFi treasury: Stablecoin annualized yield of about 10%, $ETH annualized yield of about 7%

• Fully non-custodial: Users retain control over their assets

• Automatic repayment options: Automatic repayments through staking/re-staking yields

• Card compatibility: Both virtual and physical cards support Apple Pay and Google Pay

• Corporate card system: Designed for DAOs and crypto teams, providing fund control features

Fee Information

• No card issuance fees or monthly maintenance fees

• Foreign transaction fee: 1%

• ATM withdrawal fee: 2%

• 0% interest on credit limits during promotional periods (subsequently based on DeFi rates)

• No hidden fees or account inactivity fees

Additional Information

• Coverage: Supports most countries (excluding restricted states in the U.S. and OFAC regions)

• Operating chain: Based on Scroll Chain

• Cashback payment method: Cashback paid in cryptocurrency ($SCR or $ETHFI), automatically credited after each transaction

• Security: All treasuries and logic are on-chain and audited for verification

• Card issuer: Issued by U.S. bank partners authorized by the Visa network

• Optional DeFi insurance: Insurance services provided through Nexus Mutual

Mantle UR

Mantle UR, launched by @Mantle_Official, is the world's first fully blockchain-based neobank, aiming to unify fiat and crypto finance into a single account. @UR_global connects traditional finance (TradFi) with decentralized finance (DeFi) through a borderless smart financial application, enabling seamless spending, saving, and asset withdrawal. It offers a fully compliant account regulated in Switzerland, allowing users to earn yields on-chain, access fiat and cryptocurrency funding channels, and spend cryptocurrency globally.

If you choose UR as your neobank, please start using it through my referral link: https://get.ur.app/login?code=qayz5d

Data source: Dune Analytics - Mantle UR Dashboard (@mantlexyz) | Data as of October 23, 2025

Since its launch in mid-2025, UR has shown strong early development momentum, accumulating nearly 10,000 accounts, with ongoing activity within the ecosystem. Daily transaction volumes remain stable between 250 and 300, while the average card spending on major assets exceeds $40,000 per day.

Data source: Dune Analytics - Mantle UR Dashboard (@mantlexyz)

With over $2.3 billion in funding and strategic partners like Bybit, UR leverages Mantle's infrastructure to integrate stablecoin yields, regulated banking services, and global payment capabilities, becoming a "liquidity chain" for institutional and retail users.

Core Features

• Multi-currency Swiss IBAN account: Supports various currencies including USD, EUR, CHF, RMB, etc.

• Self-custody smart wallet: Integrated with fiat currency

• 5% APY native yield: Based on USDe's Ethena integration

• Access to DeFi yield treasury: Including mETH, Mantle Index Four (MI4)

• Mastercard debit card: Virtual and physical cards usable in over 40 countries

• Crypto asset collateral credit line: Supports mETH and FBTC

• On-chain identity verification: NFT KYC pass and verified wallet

• Payment integration: Supports Apple Pay, Google Pay, Alipay, and WeChat Pay

• Mantle rewards station: Earn $MNT token rewards

Fee Information

• Basic account: 0.5% withdrawal fee; Professional account: 0% withdrawal fee (specific fees not disclosed)

• USDe → fiat conversion: No withdrawal fees

• Stablecoin deposits and internal transfers: 0% fees

• Competitive foreign exchange spreads: No hidden foreign currency transaction markups

• ATM withdrawals: Withdrawals via Mastercard may incur standard fees from third-party ATMs

Additional Information

• Coverage: Supports 45 countries in Europe, Asia, and Latin America, not available in the U.S.

• Fiat fund protection: Funds are 1:1 backed and protected under Swiss fintech licenses

• Regulatory information: Regulated by the Swiss Financial Market Supervisory Authority (FINMA) through SR Saphirstein AG

• Support: Backed by Mantle DAO (formerly BitDAO), with a multi-billion dollar treasury

Gnosis Pay

@gnosispay launched in 2023 as a self-custody payment network based on Gnosis Chain, aimed at connecting traditional finance (TradFi) with decentralized finance (DeFi).

The platform offers a Visa debit card directly linked to Gnosis Safe smart accounts, allowing users to spend stablecoins like cash at over 80 million merchants worldwide. As a new banking infrastructure, it focuses on providing B2B solutions for wallets, exchanges, and fintech companies to launch branded stablecoin card programs. Consumers can access the service through partner apps like Zeal Wallet or Rebind.

Source: Dune Analytics — Gnosis Pay Analytics (@gnosischain_team) | Data as of October 23rd, 2025

Since its launch, Gnosis Pay has processed over 1.7 million payments, totaling over $1.7 million, with transaction numbers and active users steadily increasing.

Currently, the Gnosis Pay platform supports over 21,000 funding addresses, with an average weekly settlement volume of about $2.5 million, primarily driven by European users spending through EURe.

Core Features

• Visa debit card: Virtual and physical cards usable at 80 million merchants in 130 countries worldwide

• Self-custody security: Asset self-custody through Gnosis Safe, "Your keys, your funds"

• Direct spending of crypto assets: Supports EURe, GBPe, and USDCe (based on Gnosis Chain)

• Up to 5% cashback: Cashback issued in $GNO, with cashback rates tiered based on $GNO holdings, OG NFT holders can earn an additional 1%

• Personal IBAN (SEPA) account: Bank transfer functionality through Monerium

• Payment integration: Supports Apple Pay and Google Pay, with global ATM withdrawal capabilities

• Instant fund in-and-out channels: Users do not need to pay on-chain gas fees when using the card

• Programmable spending controls: Set daily spending limits, allowed tokens, and whitelisted merchants

• Compatible with DeFi wallets: Can connect to external yields, decentralized exchanges (DEX), or lending protocols for flexible fund management

Fee Information

• No monthly or annual fees: No fixed fees for card usage

• Physical card issuance fee: One-time fee of €30.23

• No foreign exchange markups or transaction fees

• ATM withdrawals: First 5 withdrawals per month are free, thereafter a 2% fee

• Gas fees: On-chain gas fees for card spending are covered by Gnosis Pay

Additional Information

• Idle balance: No built-in APY; users can deploy funds to external DeFi strategies via Gnosis Safe for yield

• Coverage: Services launched in the EU, EEA, UK, and Brazil (through local partners), with plans to expand to Latin America (LatAm) and Asia-Pacific (APAC); other regions provide a waitlist service.

• Restricted regions: Not available in sanctioned or high-risk jurisdictions

• Security module: Delay module can add about 3 minutes of buffer time to cancel suspicious transactions

• Operating network: Runs on Gnosis Chain

KAST

@KASTcard was launched in 2025 by a fintech company based in Singapore, as a Visa-supported stablecoin crypto card and neobank platform. The platform combines traditional USD banking services with cryptocurrency spending and staking features, providing users with a global USD account, stablecoin spending (debit cards usable at over 150 million merchants and ATMs), and high yields through Solana staking. With compliance regulations in Singapore and the UAE, KAST aims to become a "stablecoin super app," offering secure asset management and global convenience services.

Core Features

• Global Visa debit card: Usable at 150 million locations in over 160 countries

• Supports multi-chain stablecoins: Hold and spend USDT, USDC, PYUSD, USDe, and KAST Dollar

• Cashback rewards: 3%-10% cashback issued in KAST Points (redeemable for rewards or token features)

• Upcoming "Grow" savings account: Stablecoins enjoy approximately 4.5% APY

• Integrated fiat payment channels: Supports ACH, SEPA, PIX, and SWIFT for bank deposits and withdrawals

• Solana staking integration: Up to 21% APY (SOL + KAST rewards)

• Payment integration: Supports Apple Pay and Google Pay, with direct stablecoin "tap to pay"

• Real-time transaction notifications: In-app instant card control and transaction alerts

• Card options: Offers virtual cards and metal cards (including gold and LED glowing premium versions)

Fee Information

• Free account creation and virtual card issuance

• Zero base currency transaction fees

• Foreign transaction fee: 2% foreign exchange fee for non-USD spending

• ATM withdrawal fees: $3 + 2% of the withdrawal amount for each withdrawal

• Optional premium membership service: $1,000-$10,000 per year for higher rewards and concierge services

• Stablecoin top-ups: No deposit or transfer fees

Additional Information

• Coverage: Services are available in over 160 countries, with plans to expand to the United States and Asia-Pacific (APAC) in 2025.

• Custodial Model: Operates in a custodial model in partnership with licensed partners and regulated reserve institutions.

• Stablecoin Support: Fully backed by 1:1 reserves, with plans to launch the KAST Dollar stablecoin and put reserves on-chain in the future.

• Security Assurance: Managed by the Visa global network, employing bank-grade encryption technology and fraud protection.

• Supported Blockchains: Supports Solana, Ethereum, Tron, BNB Chain, Arbitrum, Polygon, and XRPL.

• Capital Support: Backed by major fintech partners including Sequoia China (HongShan), Peak XV, and Stripe’s Bridge.

Payy Wallet

@payy_link is an Ethereum Layer 2 network designed for private, compliant, and gas-free stablecoin transactions. Based on ZK-validium architecture and UTXO state model, the network combines cryptographic privacy with practicality, allowing users to send and receive stablecoins (such as $USDC) with zero gas fees, complete privacy, and optional compliance.

Core Features

• Privacy-Protecting Wallet: Designed for stablecoin transactions, ensuring privacy and security.

• Visa Debit Card: Offers virtual and physical cards (with illuminated logos) for spending.

• Instant Zero-Fee Transfers: Enables zero-fee private transfers via payment links.

• Fund In-and-Out Channels: Supports funding in and out from banks, Apple Pay/Google Pay, and crypto wallets.

• Self-Custody Application: Utilizes zero-knowledge proofs (ZK Proofs) to ensure transaction privacy and anonymity.

• Security Assurance: Upcoming "Guardian" feature will provide additional security protection.

Fee Information

• No Fees: No transaction fees, deposit fees, gas fees, or monthly fees.

• No Foreign Exchange Fees: Non-USD transactions processed through Visa calculator.

• Core Services Free: Emphasizes that core services are completely free.

• Spending Rewards: Upcoming spending rewards points program (currently no yield mechanism).

Additional Information

• Deposit Support: Supports deposits from bank accounts in the United States and Argentina.

• Global Payments: Cards can be used at over 80 million Visa merchants worldwide, with plans for further service expansion.

Coinbase One Card

@Coinbase One Card is a cryptocurrency-based credit card and new banking service launched by Coinbase, designed to combine traditional banking functions with the crypto ecosystem. The card integrates a rewards credit card (issued by the American Express network) with the financial needs of crypto users through the Coinbase subscription service ("Coinbase One"), providing a comprehensive financial solution for cryptocurrency users.

Core Features

• Visa/Amex Credit Card: Earn up to 4% cashback in $BTC on every purchase.

• High-Yield Savings: USDC deposits earn 4.25% APY (maximum deposit amount of $10,000).

• Staking Reward Boost: Staking assets like $ETH and $SOL can earn an additional 5% reward.

• Fee-Free Crypto Transactions: The basic Coinbase One plan offers up to $500 in fee-free transaction limits per month.

• Direct Crypto Repayment: Allows direct repayment of credit card balances using cryptocurrency.

• Priority Support and Protection: Enjoy travel and purchase protection services provided by Amex, along with priority customer support.

• On-Chain Usage Subsidy: Includes subsidies for basic network gas fees.

• Comprehensive Integration: Deeply integrated with Coinbase exchange and wallet infrastructure.

Fee Information

• No Annual Fee: The credit card itself has no annual fee, but requires a subscription to Coinbase One (basic annual fee is $49.99).

• No Fees: No foreign exchange fees, no crypto spending fees, no ATM withdrawal fees.

• Standard APR: If the balance is not paid in full, standard credit card rates apply (specific APR not disclosed).

• Crypto Repayment Fees: Cryptocurrency repayments incur standard conversion spread fees from Coinbase.

Additional Information

• Custodial Model: All assets are held by Coinbase, which is a publicly traded company in the United States.

• FDIC Insurance: USD deposits are FDIC insured, but crypto assets are not applicable.

• Eligibility: Available only to U.S. residents (covering all 50 states, issued by Amex), currently not supporting international users or residents of U.S. territories.

• Security Assurance: Offers two-factor authentication (2FA), biometric login, address whitelisting, and card freeze controls.

• Issuing Institutions: The credit card is jointly issued by Amex and Cardless.

• User Targeting: A non-credit record building product, designed for active crypto users with credit history.

MetaMask Card

@MetaMask Card is a self-custody crypto debit card developed by Consensys in collaboration with Mastercard and Baanx (Crypto Life), designed for DeFi-native users. This card allows users to pay with cryptocurrency directly from their MetaMask wallet, applicable in all Mastercard-accepted scenarios, supporting real-time on-chain conversions, stablecoin balance yields, and crypto cashback rewards. It perfectly combines bank-grade functionality with wallet sovereignty.

Core Features

• Global Virtual and Physical Mastercard Debit Card: Linked to the MetaMask wallet.

• Multi-Asset Payment Support: Allows payments using ETH, USDC, USDT, aUSDC, EURe, and GBPe directly on the Linea network.

• Self-Custody Model: Funds remain in the user's wallet until payment execution.

• Real-Time On-Chain to Fiat Conversion: No need for pre-funding, conversion is completed directly at the point of sale.

• Integrated Payment Functionality: Supports "tap to pay" with Apple Pay and Google Pay.

• Crypto Cashback Rewards: Earn 1%-3% cashback in USDC on every purchase (up to 13% through on-chain reward partners).

• Yield-Generating Stablecoin Functionality: Supports aUSDC and Aave Boost (potential APY of 4%-8%).

• Built-In DeFi Yield Integration: Includes Aave, Linea, and Coinmunity token rewards.

• Real-Time Management Features: Provides real-time spending limits, instant freeze/unfreeze controls, and in-app management features.

Fee Information

• Standard Card Fees: No monthly fees or issuance fees.

• On-Chain Transaction Gas Fees: Approximately $0.01-$0.02 per transaction (Linea network).

• Cryptocurrency Exchange Fees: Charged at 0.5%-0.875% based on asset type.

• Foreign Exchange Fees: 1% (waived for Metal tier users).

• ATM Withdrawal Fees: 2% (Metal tier users get $1,200 in free withdrawals per month).

• Metal Tier Subscription: Annual fee of $199, offering 3% cashback, waived foreign exchange fees, and higher limits.

• Other Fees: No pre-funding, custodial, or transfer fees.

Additional Information

• Applicable Regions: Argentina, Brazil, Canada, Colombia, Mexico, EU/EEA, UK, and pilot launches in the U.S. and Switzerland.

• Custodial Model: 100% self-custody, users have complete control over their funds.

• Security Assurance: Provides Mastercard-level fraud protection, on-chain spending limits, and full wallet control.

• Supported Blockchains: Initially supports Linea, with plans to expand to Ethereum, Arbitrum, and Polygon in the future.

• Issuing Institution: Issued by Baanx (Crypto Life), which is regulated as an electronic money institution (EMI) by the UK FCA (Financial Conduct Authority).

• User Eligibility: KYC (Know Your Customer) completion is required, open to global users, with further expansion expected in 2025.

Gemini Credit Card

@Gemini Credit Card is a crypto rewards credit card launched by Gemini (a regulated cryptocurrency exchange) in partnership with WebBank, aimed at U.S. users. The card focuses on everyday spending needs, allowing users to earn cryptocurrency rewards through fiat spending, which can appreciate or be used for staking, and the card also offers themed designs.

Core Features

• Personal Use: For U.S. residents only, while supporting global spending.

• High Category Crypto Rewards: Up to 4% cashback on fuel/transportation spending, 3% on dining, 2% on groceries, and 1% on other spending.

• Mastercard Credit Card: Both physical and virtual cards available, with themed designs including Bitcoin, XRP, and Solana.

• Instant Rewards: Cashback rewards are directly deposited into the Gemini account, available for trading or holding.

• Automatic Staking Feature: SOL rewards from the Solana-themed card can be automatically staked.

Fee Information

• No Annual Fee and Foreign Exchange Fees: No annual fee and no foreign transaction fees.

• Late Payment Fee: Up to $8.

• Returned Payment Fee: Up to $35.

• High Variable APR: 19.24%-35.24% (recommended to pay in full to avoid interest; no fees on rewards).

Additional Information

• Applicable Regions: Credit card available only for U.S. residents (50 states); exchange services cover globally (over 60 countries).

• Custodial Model: Gemini stores assets in offline cold wallets and provides hot wallet insurance.

• Security Assurance: SOC 2 certification, two-factor authentication (2FA), address whitelisting, and FDIC pass-through insurance for USD deposits.

THORWallet

@Thorwallet is a self-custody multi-chain wallet that integrates a Swiss-regulated IBAN account (via Fiat24) and a virtual Mastercard, compatible with Apple Pay, Google Pay, and Samsung Pay. Users can exchange cryptocurrency for funds and spend in euros (EUR), Swiss francs (CHF), U.S. dollars (USD), and Chinese yuan (CNY) globally, while maintaining complete non-custodial control over digital assets until the moment of transaction execution.

Core Features

• Self-Custody Wallet: Supports multi-chain operations.

• Virtual Mastercard: Currently only offers virtual cards; supports Apple Pay, Google Pay, and Samsung Pay; real-time spending from fiat sub-accounts; no pre-funding required.

• THORChain Savings Feature: Supports single assets (like BTC/ETH), providing variable "real yields" (paid in the original asset) through swap fees.

• Stablecoin Vault: Supports USDC/USDT (EVM-based), offering variable yields driven by fees.

Fee Information

• Account/Card Fees: No monthly fees, no annual fees, no inactivity fees.

• Cryptocurrency to Fiat Recharge/Foreign Exchange Fees:

  • Standard Users: 1.0% (free).

  • Gold Users: 0.5% (one-time upgrade fee of approximately 1.54 $ETH).

  • Platinum Users: 0.25% (one-time upgrade fee of approximately 15 $ETH).

Additional Information

• Applicable Regions: Covers over 60 countries, including the EU/EEA, UK, APAC, Canada, etc.; not available in the U.S. Banking/card services require KYC verification, while wallet/DeFi functions do not require permission.

• Limits (Standard Users): Bank transfers approximately $100,000 per month; card spending $20,000 per month (maximum approximately $10,000 per day). Paid users enjoy higher limits.

• Transfer Method: Through SEPA/IBAN transfers, ThorWallet does not charge fees.

• Network Fees: Normal on-chain gas fees/THORChain fees (with optimized "no gas" paths in the application).

• ATM Functionality: Not supported (virtual card only).

• Protocol Staking ($TITN): Share stablecoin yields, with multiplied staking capabilities.

ByBit Card

@Bybit_Official Card is a Mastercard-supported crypto debit card launched by the global cryptocurrency exchange Bybit. This card allows users to spend cryptocurrency directly at over 90 million merchants worldwide, providing real-time cryptocurrency to fiat conversion, high cashback rewards, and passive income features, designed for crypto-native users seeking convenience and performance.

Core Features

• Virtual and Physical Mastercard Debit Card: Supports chip, contactless payments, and ATM withdrawal features.

• Real-Time Cryptocurrency to Fiat Conversion: Instant conversion at the time of spending.

• Supported Assets: BTC, ETH, USDT, USDC, XRP, TON (more assets to be supported in the future).

• High Cashback: Up to 10% cashback, depending on Bybit VIP level.

• Idle Crypto Asset Earnings: Through an automatic savings feature, idle cryptocurrencies can earn up to 8% APY.

• Compatible with Major Payment Platforms: Supports Apple Pay, Google Pay, and Samsung Pay.

• Security Assurance: 3D Secure technology, supports instant freeze/unfreeze features and transaction alerts.

• Additional Benefits: ATM withdrawals, subscription fee refunds (like Netflix, Spotify), and loyalty points accumulation.

Fee Information

• No Annual Fee, Monthly Fee, or Inactivity Fees.

• Cryptocurrency Conversion Fees: Approximately 0.9% per transaction.

• Foreign Exchange Fees (non-Euro transactions): Approximately 0.5%.

• ATM Withdrawal Fees: First €100 withdrawn per month is free, thereafter a 2% fee applies.

• Card Fees: Virtual card is free; physical card approximately €5 (free for VIP users).

• Cashback Rewards: Issued in Bybit Points, redeemable for cryptocurrency or other benefits.

Additional Information

• Applicable Regions: Covers most of Europe, Australia, Latin America (LATAM), parts of the Asia-Pacific region, and AIFC; not available in the U.S.

• User Eligibility: Available to users outside the U.S., requiring full KYC (identity verification + address proof).

• Fund Custody: Funds are stored in Bybit exchange custodial accounts.

• Comprehensive Features: Manage earnings, rewards, and spending through a single cryptocurrency management dashboard.

• Security and Compliance: Custodied by Bybit exchange, providing proof-of-reserves and multi-regional regulatory support.

• Target Audience: Active traders, advanced DeFi users, and those seeking high cashback without sacrificing liquidity.

Crypto.com

Crypto.com offers a prepaid Visa card ("Crypto.com Card") along with integrated new banking features (cash accounts and rewards). This card can be used to spend cryptocurrency (via off-chain payments) or fiat anywhere Visa is accepted, while providing tiered rewards, issued in $CRO tokens. In terms of banking features, it supports insured USD accounts provided by Green Dot Bank (including IBAN/ACH), with balances earning up to 5% annual percentage yield (APY). The combination forms a user-friendly crypto card and banking suite covering multiple countries.

Core Features

• Personal Use: Supports global Visa payments, covering over 40 countries.

• Tiered Cashback: Cashback on spending can reach up to 8% (Obsidian tier).

• Prepaid Visa Card: Metal design cards of different tiers for shopping and ATM withdrawals.

• Integrated App: Supports exchange trading, wallet, NFT marketplace, and lending features.

• Crypto Asset Earnings: Earn yields by locking assets.

• Premium Benefits: Refunds for Spotify/Netflix fees, access to airport lounges, and exclusive events.

• Custodial Ecosystem: Supports deposits and payroll payments.

Fees

• No annual fee, monthly fee, or foreign exchange fees.

• ATM withdrawals are fee-free (subject to tier limits, $200-$1,000/month); a 2% fee applies after exceeding limits.

• Low in-app trading fees (0.075%); deposits and core trading are free.

• Higher tiers require staking $CRO (e.g., Obsidian tier requires staking $400,000).

Additional Information

• Covers over 100 countries (U.S.: 49 states, excluding New York).

• USD balances are held through partner banks, enjoying FDIC insurance (maximum coverage of $5 million in the U.S.).

• Default custodial wallet; provides a separate DeFi Wallet for decentralized operations.

• Reward tiers require the use of $CRO tokens; higher reward tiers require staking/locking $CRO.

• $CRO rewards are instantly paid to the Crypto Wallet, redeemable or sellable.

• Fully compliant with KYC (Know Your Customer) requirements; regulated in the U.S., EU, Singapore, and the UK.

Conclusion

Ultimately, the objective decision matrix showcases the advantages of each crypto card, focusing on key points that real users care about: tangible yields, uncut rewards, custodial methods, fees, and the current applicability of the products.

Each crypto card reflects different assumptions about the future development of DeFi, whether around yields, rewards, compliance, or privacy; but their common trend is clear: crypto-native currencies are merging with the usability standards of modern fintech. Products that can find a balance between regulatory clarity, user control, and global availability, while not sacrificing security and transparency, will emerge as the ultimate winners.

Have you become a user of the "new banking" system?

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