Author: Stacy Muur
Compiled by: TechFlow TechFlow
This is one of the most detailed articles I've published on the X platform or Substack. Initially, my goal was to create a comprehensive map of the rapidly growing new crypto banking industry and compare all the major players to help my readers choose the best new crypto bank for them.
I believe I have achieved this goal.
Welcome to my comprehensive guide to the new crypto banking landscape.
Special thanks to @exagroupxyz and @Defi_Warhol The opinions and suggestions provided.
There was a time when managing your crypto assets meant switching between multiple wallets, operating complex exchanges, paying hefty fees for conversions, and facing numerous difficulties when spending those assets in the real world.
Today, a new generation of crypto banks is revolutionizing this experience. Starting with a single app, you can hold interest-bearing stablecoins, spend them at merchants, and transfer funds globally with near-frictionless transactions.
Some new crypto banks operate in a manner similar to crypto-based fintech banks; others are entirely on-chain, integrating stablecoins, decentralized finance (DeFi) protocols, and self-custodied wallets into a single ecosystem.
This report will explore the current state of new crypto banks, how they work, the services they offer, and which banks are leading in terms of user experience, revenue, and adoption.
Source: https://www.stacymuur.com/neobanks
Compiled by: TechFlow TechFlow
Leading new crypto bank
Plasma One
@Plasma One is a new crypto bank and crypto debit card platform centered around stablecoins, integrating savings, spending, transfers, and digital dollar yields.
Built on Plasma's Layer-1 blockchain, the platform is touted as the world's first new bank entirely built around stablecoins, primarily targeting global users (especially emerging market users who rely on dollar-backed stablecoins for their daily financial activities).
The Plasma One project is well-funded and has received support from well-known investors (including Peter Thiel's fund and the CEO of Tether). It has raised $24 million and completed a $373 million token sale through an oversubscription of its native token, $XPL.
Core Functions
Non-custodial stablecoin wallets : Users hold their own private keys and do not need a seed phrase.
High-yield savings : $USDT balances offer an annualized return of 10%+, with returns accumulating before consumption.
Visa debit card (virtual card + physical card) : Use stablecoins directly at 150 million+ merchants in more than 150 countries worldwide.
4% Cashback : Cashback is paid in RMB $XPL, with higher reward tiers for frequent users and partners.
Instant stablecoin payments : Free on-chain transfers worldwide (ideal for cross-border teams).
Seamless DeFi integration : Yield sources are connected to EtherFi and other liquidity staking strategies.
Fee details
$0 transfer or purchase fee
$0 monthly fee or maintenance fee
No deposit required : You can spend directly from your earning balance.
Foreign exchange conversion : processed by the Visa network at standard exchange rates.
Withdrawal fees : Charged only when imposed by a third-party partner.
Other information
Coverage : Supports Visa services in over 150 countries worldwide.
Stablecoin support : Initially supporting $USDT (Tether), with more stablecoins to be supported in the future.
Project Support : Backed by Peter Thiel's Founders Fund and other Tether executives.
Card issuer : Issued by Visa partner Signify Holdings
Security : Hardware supports keys, encrypted storage, continuous auditing, and real-time fraud detection.
Ether.fi Cash
Ether.fi Cash ($ETHFI) is a non-custodial crypto-banking and Visa card platform that allows users to spend, lend, and earn using $ETH, $BTC, and stablecoins while maintaining full control over their assets. Designed for crypto-native users and organizations, the platform combines DeFi yield strategies with real-world financial functionality, enabling users to access staking, restaking, and credit-based liquidity without selling tokens. If you plan to get started with @ether_fi , get a $20 welcome bonus via my referral link: 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, the platform manages over $200 million in deposits, supports approximately 12,500 card transactions per month, and has over 2,300 daily active users.
The product has a significant potential market size (TAM) and is designed with an abstraction layer to attract professional investors and everyday users who are likely to further flow into other Ether.fi products.
Core Functions
Visa Credit Card : Backed by Crypto Asset Collateral
Instant cashback : 3% cashback on all purchases (up to 20% during promotional periods).
Direct spending : You can spend directly from the DeFi yield vault (earn yield while spending).
High-yield DeFi vaults : Stablecoins offer approximately 10% annualized yield, while ETH offers approximately 7% annualized yield.
Fully non-custodial : Users retain control of their assets.
Automatic repayment option : Automatic repayment based on collateral/re-collateral yield.
Card compatibility : Both virtual and physical cards support Apple Pay and Google Pay.
Enterprise Card System : Designed specifically for DAOs and crypto teams, providing fund control functionality.
Fee Information
Cardless issuance fee or monthly maintenance fee
Foreign currency transaction fee : 1%
ATM withdrawal fee : 2%
During the promotion period, the credit line interest rate is 0% (subsequent rates will be based on DeFi rates).
No hidden fees or account idle fees
Other information
Coverage : Supports most countries (excluding restricted states in the United States and OFAC regions).
Execution Chain : Based on Scroll Chain
Cashback payment method : Cashback is paid in cryptocurrency ($SCR or $ETHFI), automatically credited to your account with each transaction.
Security : All vaults and logic are based on the blockchain and verified through audits.
Card issuer : Issued by a US bank partner authorized by the Visa network.
Optional DeFi Insurance : Insurance services are available through Nexus Mutual.
Mantle UR
Launched by @Mantle_Official, Mantle UR is the world's first fully blockchain-based new bank, aiming to unify fiat currency and crypto finance into a single account. @UR_global connects traditional finance (TradFi) and decentralized finance (DeFi) through a borderless smart finance application, enabling seamless spending, savings, and asset withdrawal. It offers a fully compliant and Swiss-regulated account where users can earn yields on-chain, access fiat and cryptocurrency funds, and spend cryptocurrency globally.
If you choose UR as your new bank, please get started via 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 demonstrated strong early growth momentum, with nearly 10,000 cumulative accounts and continued growth in activity within its ecosystem. Daily transaction volume remains stable between 250 and 300 transactions, while average card spending on major assets exceeds $40,000 per day.
Data source: Dune Analytics - Mantle UR Dashboard (@mantlexyz)
With the backing of Mantle’s more than $2.3 billion treasury and strategic partners such as 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 Functions
Multi-currency Swiss IBAN account : Supports multiple currencies including USD, EUR, CHF, and RMB.
Self-custodied smart wallets : Fiat currency integration
5% APY native yield : Ethena integration based on USDe
Access the DeFi yield vault : including mETH and Mantle Index Four (MI4)
Mastercard debit cards : Virtual and physical cards can be used in over 40 countries.
Crypto asset collateralized credit lines : 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 Site : Earn $MNT token rewards
Fee Information
Basic account : 0.5% withdrawal fee; Professional account: 0% withdrawal fee (specific fees not disclosed).
USDe → Fiat currency conversion : No withdrawal fees
Stablecoin deposits and internal transfers : 0% fee
Competitive forex spreads : No hidden markups on foreign currency transactions
ATM withdrawals : Withdrawals via Mastercard may incur standard third-party ATM fees.
Other information
Coverage : Supports 45 countries in Europe, Asia, and Latin America; does not support the United States.
Fiat currency funding guarantee : 1:1 funding support and protected by a Swiss fintech license.
Regulatory Information : Regulated by the Swiss Financial Market Supervisory Authority (FINMA) through SR Saphirstein AG.
Backed by Mantle DAO (formerly BitDAO), which has a multi-billion dollar treasury.
Gnosis Pay
Launched in 2023, @gnosispay is a self-custodied payment network based on Gnosis Chain, designed to connect traditional finance (TradFi) with decentralized finance (DeFi).
The platform offers a Visa debit card directly linked to the Gnosis Safe smart account, enabling users to use 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 projects. Consumers can access the service through partner apps such as 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 both transaction volume and active users steadily increasing.
Currently, the Gnosis Pay platform supports over 21,000 payment addresses, with an average weekly settlement volume of approximately $2.5 million, primarily driven by European users spending through EURE.
Core Functions
Visa debit cards : Virtual and physical cards can be used at 80 million merchants in 130 countries worldwide.
Self-custody security : Achieve asset self-custody with Gnosis Safe – “Your key, your funds”.
Direct consumption of crypto assets : Supports EURE, GBPe, and USDCe (based on Gnosis Chain)
Up to 5% cashback : Cashback is issued in the format of $GNO, with the cashback percentage tiered based on holdings in the format of $GNO. OG NFT holders receive an additional 1%.
Personal IBAN (SEPA) Account : Enables bank transfer functionality via Monerium
Payment integration : Supports Apple Pay and Google Pay, and global ATM withdrawal functionality.
Instant fund transfer channel : Users do not need to pay on-chain gas fees when making card purchases.
Programmable spending control : Set daily spending limits, allowed tokens, and whitelisted consumers.
DeFi compatible wallets : connect to external yield generators, decentralized exchanges (DEXs), or lending protocols for flexible fund management.
Fee Information
No monthly or annual fee : There are no fixed fees for using the card.
Physical card issuance fee : One-time fee of 30.23 euros
No foreign exchange premium or transaction fees
ATM withdrawals : The first 5 withdrawals each month are free, after which a 2% fee will be charged.
Gas Fees : On-chain gas fees for card transactions are covered by Gnosis Pay.
Other information
Idle balance : No built-in APY; users can deploy funds to external DeFi strategies through Gnosis Safe to earn yield.
Coverage : The service is already available in the European Union (EU), the European Economic Area (EEA), the United Kingdom and Brazil (through local partners), and will be expanded to Latin America (LatAm) and the Asia-Pacific region (APAC) in the future; a waiting list service is available in other regions.
Restricted areas : Cannot be used in sanctioned or high-risk jurisdictions.
Security Module : The delay module adds approximately 3 minutes of buffer time to cancel suspicious transactions.
Running network : Based on Gnosis Chain
KAST
Launched in 2025 by a Singapore-based fintech company, @KASTcard is a Visa-backed stablecoin crypto card and a new type of banking platform. The platform combines traditional USD banking services with cryptocurrency spending and staking capabilities, offering users a global USD account, stablecoin spending (debit cards usable at over 150 million merchants and ATMs), and the ability to earn high yields through Solana staking. With regulatory compliance in Singapore and the UAE, KAST aims to become a "stablecoin super app," providing secure asset management and global convenience.
Core Functions
Visa debit card worldwide : usable at 150 million locations in over 160 countries.
Supports multiple stablecoin chains : Hold and spend USDT, USDC, PYUSD, USDe, and KAST Dollar.
Cash back rewards : 3%-10% cash back, issued in KAST Points (which can be redeemed for rewards or tokens).
The upcoming "Grow" savings account : stablecoins enjoy an approximate 4.5% APY yield.
Integrated fiat currency 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, allowing for direct "tap payments" with stablecoins.
Real-time transaction notifications : In-app instant card control and transaction alerts
Card options : Virtual cards and metal cards are available (including premium gold and LED illuminated versions).
Fee Information
Free Account Creation and Virtual Card Issuance
Zero base currency transaction fees
Foreign currency transaction fees : A 2% foreign exchange handling fee is charged on non-USD transactions.
ATM withdrawal fees : $3 + 2% of the withdrawal amount per withdrawal.
Optional premium membership : $1,000-$10,000 per year, enjoy enhanced rewards and concierge services.
Stablecoin deposits : No deposit or transfer fees.
Other information
Coverage : The service already covers more than 160 countries and is planned to expand to the United States and the Asia Pacific region (APAC) by 2025.
Custody Model : Collaborating with licensed partners and regulated reserve institutions, using a custody model.
Stablecoin support : Fully backed by 1:1 reserves, with the future launch of the KAST Dollar stablecoin, which will put the reserves on-chain.
Security : Managed by Visa's global network, employing bank-grade encryption technology and fraud protection.
Blockchain Support : Supports Solana, Ethereum, Tron, BNB Chain, Arbitrum, Polygon, and XRPL.
Capital support : Backed by major fintech partners such as 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 the ZK-validium architecture and UTXO state model, the network combines cryptographic privacy with practicality, enabling users to send and receive stablecoins (such as $USDC) in a zero-gas-fee, fully private, and optionally compliant manner.
Core Functions
Privacy-protected wallet : Designed specifically for stablecoin transactions, ensuring privacy and security.
Visa debit cards : Offer both virtual and physical cards (with a glowing logo) for purchases.
Instant Zero-Fee Transfers : Enable private transfers with zero fees via payment links.
Fund inflow and outflow channels : Supports fund inflows and outflows via banks, Apple Pay/Google Pay, and crypto wallets.
Self-hosted applications : Employ zero-knowledge proofs (ZK Proofs) to ensure transaction privacy and anonymity.
Security Guarantee : The "Guardian" feature will be launched soon, providing additional security protection.
Fee Information
No fees : No transaction fees, top-up fees, gas fees, or monthly fees.
No foreign exchange fees : Process non-USD transactions via the Visa calculator.
Core services are free : This emphasizes that core services are completely free.
Spending Rewards : A spending rewards points program will be launched soon (currently there is no earning mechanism).
Other information
Supported Deposits : Supports deposits from US and Argentine bank accounts.
Global payments : The card can be used at 80 million Visa merchants worldwide, with plans to further expand its service coverage.
Coinbase One Card
The @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. Used in conjunction with Coinbase's subscription service ("Coinbase One"), the card integrates a rewards credit card (issued by American Express Network) with the financial needs of crypto users, providing a comprehensive financial solution.
Core Functions
Visa /Amex credit cards : Earn up to 4% cashback on every purchase.
High-yield savings : USDC deposits enjoy a 4.25% APY (maximum deposit amount is $10,000).
Staking Reward Bonus : Staking assets such as $ETH, $SOL, etc. will earn an additional 5% reward.
Fee-free crypto trading : The basic Coinbase One program offers up to $500 in fee-free trading credit per month.
Cryptocurrency direct repayment : You can directly repay your credit card balance using cryptocurrency.
Priority support and protection : Enjoy Amex’s travel and consumer protection services, as well as priority customer support.
On-chain subsidies : include subsidies for basic network gas fees.
Full integration : Deep integration with Coinbase exchange and wallet infrastructure.
Fee Information
No annual fee : The credit card itself has no annual fee, but a Coinbase One subscription is required (the basic subscription costs $49.99 per year).
No fees : No foreign exchange fees, no cryptocurrency transaction fees, and no ATM withdrawals required.
Standard APR : If the balance is not paid in full, the standard credit card interest rate will be charged (specific APR not disclosed).
Crypto repayment fees : Crypto repayments are subject to Coinbase's standard conversion spread fee.
Other information
Custody model : All assets are custodied by Coinbase, a publicly traded U.S. company.
FDIC Insurance : USD deposits are covered by FDIC insurance, but crypto assets are not.
Scope of application : Only applicable to US residents (covering 50 states, issued by Amex), not currently supporting international users or residents of US territories.
Security features : Provides two-factor authentication (2FA), biometric login, address whitelist, and card freezing control.
Issuing Institution : The credit card is jointly issued by Amex and Cardless.
User positioning : Non-credit record building product, designed specifically for encrypted active users with credit records.
MetaMask Card
The @MetaMask Card is a self-custodied crypto debit card developed by Consensys in collaboration with Mastercard and Baanx (Crypto Life), designed specifically for DeFi native users. This card allows users to pay cryptocurrency directly from their MetaMask wallets, works in all Mastercard-accepted scenarios, and supports real-time on-chain exchanges, stablecoin balance earnings, and crypto cashback rewards. It perfectly combines bank-grade functionality with wallet sovereignty.
Core Functions
Global virtual and physical Mastercard debit cards : linked to the MetaMask wallet.
Multi-asset payment support : Payments can be made directly on the Linea network using ETH, USDC, USDT, aUSDC, EURe, and GBPe.
Self-custodial mode : Funds remain in the user's wallet until payment is executed.
Real-time on-chain fiat currency exchange : No need to top up in advance, complete the exchange directly at the point of sale.
Integrated payment functionality : Supports Apple Pay and Google Pay with "one-touch payment".
Crypto cashback rewards : Earn 1%-3% USDC cashback on every purchase (up to 13% through on-chain rewards partners).
Yield-generating stablecoin features : Supports aUSDC and Aave Boost (potential APY 4%-8%).
Built-in DeFi yield integration : including Aave, Linea, and Coinmunity token rewards.
Real-time management features : Provides real-time spending limits, instant freeze/unfreeze control, and in-app management functions.
Fee Information
Standard card fees : No monthly fee or issuance fee.
On-chain transaction gas fees : approximately $0.01-$0.02 per transaction (Linea network).
Cryptocurrency exchange fees : 0.5%-0.875% depending on the asset type.
Foreign exchange transaction fee : 1% (waived for Metal level users).
ATM withdrawal fee : 2% (Metal-level users can withdraw $1,200 per month for free).
Metal Tier Subscription : $199 per year, enjoy 3% cashback, no foreign exchange fees and higher limits.
Other fees : No pre-charge, escrow, or transfer fees.
Other information
Applicable regions : Argentina, Brazil, Canada, Colombia, Mexico, EU/EEA, UK, and pilot launch in the US and Switzerland.
Custody mode : 100% self-custodied, users have complete control over their funds in their wallets.
Security : Provides Mastercard-level fraud protection, on-chain spending limits, and full wallet control.
Blockchain support : Initially supports Linea, with plans to expand to Ethereum, Arbitrum, and Polygon in the future.
Issuing Institution : Issued by Baanx (Crypto Life), an electronic money institution (EMI) regulated by the UK's FCA (Financial Conduct Authority).
User qualifications : KYC (Know Your Customer) verification is required. The program is open to users worldwide and is expected to expand its coverage further in 2025.
Gemini Credit Card
The @Gemini Credit Card is a crypto rewards credit card for US users launched in partnership with Gemini (a regulated cryptocurrency exchange) and WebBank. Focused on everyday spending, the card allows users to earn cryptocurrency rewards by spending fiat currency; these rewards can appreciate in value or be used for staking. The card also offers themed designs.
Core Functions
Personal use : For use by US residents only, but also supports global consumption.
High-category crypto rewards : up to 4% cashback on fuel/transportation, 3% cashback on dining, 2% cashback on groceries, and 1% cashback on other purchases.
Mastercard credit cards : Both physical and virtual cards are available, with themes including Bitcoin, XRP, and Solana.
Instant Rewards : Cashback rewards are deposited directly into your Gemini account and can be used for trading or holding.
Automatic staking function : Solana-themed cards' SOL rewards can be automatically staked.
Fee Information
No annual fee or foreign exchange transaction fee : There are no annual fees or foreign exchange transaction fees.
Late payment fee : up to $8.
Refund fee : up to $35.
High floating APR : 19.24%-35.24% (It is recommended to pay in full to avoid interest; there are no fees on the bonus portion).
Other information
Applicable regions : The credit card is only valid for use by U.S. residents (50 states); transaction services cover the globe (more than 60 countries).
Custodial Model : Gemini stores assets in offline cold wallets and provides hot wallet insurance.
Security features include SOC 2 authentication, two-factor authentication (2FA), address whitelisting, and FDIC transfer insurance for USD deposits.
THORWallet
@Thorwallet is a self-custodied 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 make purchases globally using Euros (EUR), Swiss Francs (CHF), US Dollars (USD), and Chinese Yuan (CNY), while maintaining complete non-custodial control over their digital assets until the moment the transaction is executed.
Core Functions
Self-hosted wallet : Supports multi-chain operations.
Virtual Mastercard : Currently only available as a virtual card; supports Apple Pay, Google Pay, and Samsung Pay; allows real-time spending from fiat currency sub-accounts; no pre-charge required.
THORChain Savings Function : Supports single assets (such as BTC/ETH, etc.) and provides variable "real yield" (paid in the original asset) through exchange fees.
Stablecoin Vault : Supports USDC/USDT (based on EVM) and offers variable yields via fee-driven APY.
Fee Information
Account/card fees : No monthly fee, no annual fee, no idle fee.
Cryptocurrency to fiat currency deposit/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).
Other information
Applicable regions : Covers over 60 countries, including the EU/EEA, UK, Asia Pacific (APAC), Canada, etc.; does not support the US. KYC verification is required for banking/card services; wallet/DeFi functions do not require a license.
Limits (Standard Users) : Approximately $100,000 per month for bank transfers; $20,000 per month for card spending (maximum approximately $10,000 per day). Paid users can enjoy higher limits.
Transfer method : Transfer via SEPA/IBAN. ThorWallet does not charge any fees.
Network fees : Normal on-chain gas fees / THORChain fees (application-optimized "gas-free" paths).
ATM function : Not supported (virtual cards only).
Protocol Staking ($TITN) : Share stablecoin rewards and multiply your staking capacity.
ByBit Card
@Bybit_Official Card is a Mastercard-backed crypto debit card launched by the global cryptocurrency exchange Bybit. This card allows users to make purchases directly with cryptocurrency at over 90 million merchants worldwide, offering real-time cryptocurrency-to-fiat currency conversion, high cashback rewards, and passive income features. It is designed specifically for crypto-native users who prioritize convenience and performance.
Core Functions
Virtual and physical Mastercard debit cards : support chip, contactless payment and ATM withdrawal functions.
Real-time cryptocurrency to fiat currency conversion : exchange is completed instantly when making a purchase.
Supported assets : BTC, ETH, USDT, USDC, XRP, TON (more assets will be supported in the future).
High cashback : Up to 10% cashback, depending on Bybit VIP level.
Earn up to 8% APY on idle crypto assets : Through the 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 Guarantee : 3D Secure technology supports instant freeze/unfreeze functions and transaction alerts.
Additional benefits include ATM withdrawals, subscription fee refunds (such as Netflix and Spotify), and the accumulation of loyalty points.
Fee Information
No annual fee, monthly fee, or idle fee .
Cryptocurrency conversion fee : approximately 0.9% per transaction.
Foreign exchange fees (non- euro transactions) : approximately 0.5%.
ATM withdrawal fees : The first €100 withdrawal each month is free, and 2% is charged thereafter.
Card fees : Virtual cards are free; physical cards cost approximately €5 (free for VIP users).
Cashback rewards : Issued in the form of Bybit Points, which can be redeemed for cryptocurrency or other benefits.
Other information
Applicable regions : Covers most of Europe, Australia, Latin America (LATAM), parts of the Asia-Pacific region and AIFC, but does not support the United States.
User eligibility : For users outside the United States, a full KYC (identity verification + proof of address) is required.
Fund custody : Funds are stored in a custody account on the Bybit exchange.
Comprehensive Functionality : Enables earnings, rewards, and spending through a single cryptocurrency management panel.
Security and Compliance : Hosted by the Bybit exchange, providing proof of reserves and multi-regional regulatory support.
Suitable for : active traders, advanced DeFi users, and users who seek high cashback without sacrificing liquidity.
Crypto.com
Crypto.com offers a prepaid Visa card (“Crypto.com Card”) and integrated new banking features (cash account and rewards). This card can be used to spend cryptocurrency (via off-chain payment) or fiat currency anywhere Visa is accepted, while offering tiered rewards distributed in tokens. For banking, it supports an insured USD account (including IBAN/ACH) provided by Green Dot Bank in the US, with a maximum annual yield (APY) of 5%. Together, these features create a user-friendly crypto card and banking suite covering multiple countries.
Core Functions
For personal use : Supports global Visa payments, covering more than 40 countries.
Tiered cashback : Up to 8% cashback on purchases (Obsidian top tier)
Prepaid Visa cards : Different tiers of metal-designed cards that can be used for shopping and ATM withdrawals.
Integrated applications : Supports exchange trading, wallets, NFT marketplaces, and lending functions.
Crypto asset yield : Earn yield by locking assets
Premium benefits : Spotify/Netflix rebates, access to airport lounges and exclusive events
Custodial ecosystem : Supports deposits and payroll payments
cost
No annual fee, monthly fee or foreign exchange fee
Free ATM withdrawals (limited to $200-$1,000/month, depending on tier); a 2% fee applies to withdrawals exceeding the limit.
Low in-app transaction fees (0.075%); free deposits and core transactions.
Higher tiers require staking $CRO (For example, the Obsidian tier requires staking $400,000)
Other information
Covering more than 100 countries (USA: 49 states, excluding New York).
The USD balance is held through a partner bank and is insured by the Federal Deposit Insurance Corporation (FDIC) (maximum coverage of $5 million in the United States).
The default custodian wallet; a separate DeFi Wallet is provided for decentralized operations.
Reward tiers require the use of $CRO tokens; higher reward tiers require staking/locking $CRO.
$CRO rewards are instantly paid to Crypto Wallet and can be redeemed or sold.
Fully compliant with KYC (Know Your Customer) requirements; regulated in the US, EU, Singapore, and UK.
in conclusion
Ultimately, the objective decision matrix showcases the advantages of each encryption card and focuses on key points that real users care about: tangible benefits, undiminished rewards, hosting methods, fees, and the current applicability of the product.
Each crypto card reflects a different assumption about the future of DeFi, whether it's about yield, rewards, compliance, or privacy; but their common trend is clear: crypto-native currencies are merging with the usability standards of modern fintech. Those products that can strike a balance between regulatory clarity, user control, and global usability without sacrificing security and transparency will ultimately be the winners.
As the Neobank ecosystem matures, it will become the operational layer of the digital economy. Its success depends not only on brand or token incentives, but also on its ability to consistently provide reliability and flexibility, and deliver real-world value to users worldwide.
Have you become a user of the "new type of bank" yet?
