As the global cryptocurrency infrastructure gradually matures, users' demand for the "real-world usability" of on-chain assets is also increasing. However, how to truly use on-chain assets in real life has always been a concern for crypto users.

Crypto payment cards (also known as "U cards") have quietly risen in this context—they not only bridge the "last mile" of asset usage but also subtly reshape people's understanding of wallets, PayFi, and payment networks.

Whether it is binding to mobile payment software for consumption or borrowing stablecoins by collateralizing Bitcoin to flexibly deal with market conditions, the use cases of crypto payment cards are becoming more diverse. Among them, some rely on exchanges, focusing on stability and cashback rewards, while others are based on wallets or protocols, emphasizing on-chain native assets and composability. Today's crypto payment cards have become a practical and increasingly mature entry point for crypto finance.

To clarify the real user experience and differences of these products, Odaily Planet Daily has conducted an in-depth dissection of the ten most representative crypto payment cards in the current market, including Bybit, Bitget, SafePal, Morph, Infini, Coinbase, Nexo, MetaMask, 1inch, and RedotPay. Based on a large amount of information collection and user feedback from social platforms, we have systematically sorted out and compared these cards horizontally in terms of application threshold, supported assets, fee structure, cashback mechanism, and on-chain interaction capabilities, helping readers find the most suitable "pass" in this rapidly evolving field.

Beginner U Cards Suitable for Chinese Users

Bybit Card: The Most Widely Used Exchange U Card

Bybit's recently launched virtual debit card has become popular on social media due to its no-annual-fee and low-threshold characteristics. This card supports KYC certification in mainland China, and the application process is free.

The application process is quite simple: Users first need to register a Bybit account and complete KYC verification on the platform. It is reported that users with Chinese mainland identities can pass the KYC review. After the verification is approved, users can find the "Card" option on the homepage and enter the application page, where they can choose different regions to open the card:

• Choosing Australia as the card-opening region, in this case, no proof of address is required to apply for the virtual card. The review time is approximately 5 to 7 working days after submission. Under this version, the default currency of the card is US dollars.

• Users can also choose the European Economic Area (EEA), but it should be noted that the EEA version requires proof of address in the EEA, such as utility bills or credit card statements with a European address. Under this version, the default currency of the card is euros.

In terms of usage, the card can be managed in the Bybit app, and the virtual card can be directly bound to Apple Pay, Google Pay, etc., for consumption, and can be used for swiping at merchants worldwide that support Mastercard.

Recent Twitter messages indicate that the Australian version of the virtual card can no longer be bound to Alipay and WeChat Pay for consumption, mainly due to the overuse of cashback activities by cashing-in studios. However, some users report that Alipay's "tap-to-pay" can still conduct transactions, which may vary depending on each user's account risk control. If you need to bind these payment tools, you can consider applying for the European card version. According to Twitter information, the European card version can still be normally bound to Alipay for use.

In terms of fees, the Bybit card is quite competitive: The transaction fee ranges from 0.9% to 3%, depending on the card-opening region, transaction currency, and consumption location, among other factors. Some transactions may also incur additional intermediary fees (such as from platforms like Alipay). Currently, the platform is running a new card promotion where users can enjoy a 10% cashback offer on their consumption.

It should be particularly noted that consumption in different regions may incur additional currency conversion fees and other costs. For example, if a user swipes the card at a merchant using Japanese yen, the final fee may include the exchange rate from US dollars/euros to Japanese yen, which the user also has to bear. Overall, this card, being linked to an exchange, has a clear advantage in usage and is one of the more convenient options in the current market.

Bitget Card: Exclusive Payment Card for VIPs

Compared to traditional bank cards, Bitget's virtual debit card also highlights "no annual fee" and "direct USDT spending" as its main selling points, attracting the attention of many crypto users. The card currently supports two card organization options: UnionPay and Mastercard, covering the actual needs of different regions and consumption scenarios.

The card issuer of Bitget Card is the DCS (DeCard) brand, a regulated card-issuing bank in Singapore. According to market messages, Bitget has acquired the majority of its shares. Although DeCard also provides card application services for individual users, this path usually requires applicants to have local identity verification and a Singaporean phone number, which is a high threshold. Therefore, applying through the Bitget platform is a more feasible way.

It should be noted that the Bitget Card is currently not open for application to all users. According to the platform's current rules, only users who have reached the VIP level are eligible to apply, and one common threshold is that the account balance must reach 30,000 USDT or equivalent assets. Therefore, the target user group of this card is more oriented towards high-net-worth or active trading users.

Currently, the Bitget Card also supports binding operations with Apple Pay, Google Pay, Alipay, WeChat, and other payment tools. Its functions focus on the combination of releasing the liquidity of on-chain assets and daily consumption. It should be noted that there are different types of Bitget Cards. The Bitget Card on the official website is a Visa card with the US dollar as the underlying settlement currency, while the Bitget Preferred Payment Card, which is more popular on Twitter, is a Mastercard/UnionPay card with the Singapore dollar as the underlying settlement currency, which is slightly different. According to user experiences on Twitter, this card can be smoothly used at all places that support Mastercard.

At the same time, Bitget has stated on its homepage that there will be opportunities for BGB cashback in the future.

In terms of fees, the transaction fee for the Bitget Card is also between 0.9% and 3%, mainly affected by factors such as the transaction currency, consumption location, and whether currency exchange is involved. For example, if a transaction settled in USDT is conducted in a non-US dollar/Singapore dollar region, a certain currency exchange fee may be triggered. In addition, different payment channels (such as UnionPay and Mastercard) may also affect the arrival time and intermediary fees. Moreover, Alipay and WeChat Pay will also charge fees for transactions above 300 yuan.

Overall, as a virtual financial product derived from an exchange, the Bitget Card provides users with another channel to use crypto assets in real consumption scenarios, especially suitable for users with larger asset scales and frequent cross-border consumption.

SafePal x Fiat24: More Than Just a U Card, It's a Compliant Bank Account

Unlike the traditional "virtual card," what SafePal offers is a more integrated form of crypto financial service, backed by a basic account support from Fiat24, a Swiss-registered bank. After completing identity verification and address validation, users will obtain a real European bank account (with an IBAN), which can be used for international money receipt, withdrawal, and even consumption with the associated debit card.

The application process is relatively more complex compared to other cards. Users need to first enter the relevant module within the SafePal wallet interface, with the precondition that the account's region supports this service (currently including Mainland China). Next, users need to transfer a small amount of ETH on the Arbitrum network to mint an identity NFT, which serves as the necessary certificate to obtain Fiat24 bank services. After completing KYC and address verification, the system will allocate a Fiat24 bank account and a Mastercard debit card bound to the account can be applied for simultaneously. Some users received Visa cards in 2023, and the current mainstream version is Mastercard.

This card also supports binding with Apple Pay, Google Pay, Alipay, and WeChat Pay, with underlying settlement currencies supporting euros, US dollars, Swiss francs, and Chinese yuan.

In terms of fees, the comprehensive fee range for the SafePal debit card is between 1% and 3%, depending on the specific transaction structure. The account withdrawal fee is approximately 1% of the transaction amount, while same-currency consumption does not incur additional charges, which is good news for users with consumption needs in the above four currencies. Once the fiat balance in the bank card is exhausted, the system will automatically deduct the fee from the bound crypto asset balance, enabling the consumption of crypto assets.

At the same time, since users obtain a complete bank account, this account supports international transfers to major banks, as well as international digital banks such as iFast, Wise, and Revolut. There have been many experiments and fee assessments on social platforms.

Compared with other exchange-led card products, the cooperation between SafePal and Fiat24 is closer to the extension of traditional financial services into the crypto world. It provides users with not just a card, but a complete financial account that can freely receive and send euros, is associated with crypto assets, and has a compliant identity label. It is particularly suitable for users with cross-border payment and asset export needs.

Morph Black Card: The "Top Player" in the High-End Credit Card Category

The Morph Black Card is the flagship membership benefit carrier launched by Morph, which is positioned as a consumption L2. It is a combination product for high-net-worth crypto users targeting "on-chain identity + real-world privileges." Unlike traditional virtual debit cards, the application threshold for Morph Black is holding a specific NFT—Morph Black NFT, which currently has a floor price of about 0.87 ETH in the secondary market. This NFT not only symbolizes the user's membership identity but also embeds the pricing and transfer functions of on-chain financial benefits.

In terms of functional design, Morph Black NFT is officially defined as the flagship asset of the MorphPay ecosystem. Holders may receive future Morph Token airdrops from the platform and have the right to be allocated at the lowest fully diluted valuation (FDV) stage. In addition, the NFT will be linked to multiple ecological projects, including the BAI Fund, to bring airdrop incentives to users. Cardholders can also participate in the platform's on-chain deposits to earn returns with an annualized yield of up to 30%.

In terms of card benefits, the Morph Black Card is a 22g physical black gold card. After completing KYC, cardholders can apply for this card. The advertised benefits include waiving the common $300 annual fee for traditional black cards and enjoying low transaction fees of as low as 0.3% during fund entry and exit (depending on currency exchange needs). The card has a high daily transaction limit of up to $1 million and will also come with a Singapore dollar bank account. In addition, according to the platform's public information and community discussions, the card will be linked to global hotel, flight booking, and private concierge services, possibly supported by the Aspire VIP system, to provide crypto asset holders with travel and lifestyle配套服务，类似于传统高端信用卡。

此外，据社区与社交平台消息，Morph Black 实体卡可能基于 DCS（DeCard）发行体系构建，其资方Bitget 被传已收购 DCS大部分股权，因此该卡极有可能是以 DCS 的 Mastercard卡为蓝本开发，部分权益可能将会来自DCS黑卡Imperium World Elite Card，且具备信用卡机制。

据Morph团队表示，未来将推出面向更广泛用户的普通卡版本，以扩展其支付网络与生态渗透力。整体而言，Morph Black Card 是目前市场上最具“高端金融”象征意义的卡类产品之一，适合寻求资产尊享化、权益可组合化的加密资深用户群体。

值得一提的是，Morph在几天前刚刚开始了Morph Platinum SBT的销售。通过铸造Morph Platinum SBT，用户可以在500亿美元的FDV下确保其在生态系统中的额度权益，并在TGE时解锁50%的代币。同时，SBT持有人将会获得Morph白金卡（Platinum Card），关于卡的细节尚未披露，但同样是一张支持加密货币直接消费的U卡，赠送价值300美元的一年黑卡卡片权益试用。目前，铸造Morph Platinum SBT的费用为0.3 ETH。

Infini Card: The Virtual Card Supporting OnlyFans

Infini offers three different types of cards: Meow Card and Rabbit Card are the core virtual card products, providing flexible on-chain payment and daily consumption solutions for different user needs. Currently, both cards are sold at a price of $9.9, with no annual or monthly fees. They support binding with Alipay and WeChat Pay, making them one of the few foreign virtual cards compatible with mainstream Chinese payment tools.

The Meow Card belongs to the Mastercard network and is more suitable for daily consumption scenarios denominated in Chinese yuan. Its transaction service fee is 0.8% of each purchase amount. When making non-US dollar currency payments, the system will automatically convert the currency and charge a cross-border fee of 1% to 1.5%, with a minimum of $0.01.

The Rabbit Card uses the Visa network and is positioned more towards US dollar merchants, especially for a range of subscription-based platforms, including ChatGPT Plus, OpenAI API, Midjourney, Cursor, AWS, Google Cloud, Notion, GoDaddy, GitHub, and other development services, as well as mainstream consumer platforms such as Netflix, YouTube, eBay, and Amazon, covering almost all daily US dollar subscription services. The base service fee for the Rabbit Card is also 0.8% per transaction, but its fee for non-US merchants or non-US dollar transactions is a fixed 1% plus $0.50, with the same minimum rate threshold of $0.01.

Of course, Infini's official website also thoughtfully indicates for users that both Meow Card and Rabbit Card support subscriptions to OnlyFans, truly meeting user needs.

Although these two cards are in virtual form, they can both be quickly bound to Alipay and WeChat Pay in actual use to achieve a seamless payment experience. On the official website, it can be seen that Infini's physical card product, Woof Card, is in preparation and will support Apple Pay and Google Pay in the future, with broader offline payment capabilities, expected to further expand the user base.

Overseas Residents' Welfare Cards: No-Fee Cards, Cashback Cards, and "Lending" Cards

Note: The KYC requirements for all the following cards are for "residents," not limited by nationality. That is, residents who can provide local address proof, such as utility bills and credit card statements, can undergo KYC according to the requirements of different card issuers, with varying levels of difficulty.

Coinbase Card: The Only Payment U Card with "No Fees and No Losses"

As one of the largest and most compliant cryptocurrency trading platforms globally, Coinbase's debit card has significant advantages in terms of user trust and fund security. The card is issued to users with a Coinbase account and is particularly suitable for residents permanently residing in the United States or the European Economic Area (EEA). Applicants must have a valid residency status and a real address in their location, and KYC verification for Mainland China is not supported.

However, the strict KYC process comes with premium benefits: One of the biggest features of the Coinbase debit card is the waiver of all fees. Its "native asset payment" mechanism allows users to directly use stablecoins such as USDC for daily consumption. The platform also supports fee-free conversion of fiat currency to USDC, which greatly reduces the asset conversion costs for cardholders. Daily transactions and ATM withdrawals are usually free of charge, providing users with an almost lossless payment experience. In addition, the card is a VISA debit card that can be used normally at merchants and services worldwide that support this network, covering a wide range of scenarios.

When users withdraw funds from Coinbase to their local bank account, if the account is located in a country or region supported by Coinbase, the process is generally fast and is widely regarded as "smooth and stable." Additionally, Coinbase occasionally launches cashback activities for debit card users, which, although not frequent, is an extra incentive for long-term cardholders.

Overall, the Coinbase debit card, with its compliant background, low-fee system, and good fiat currency deposit and withdrawal experience, has become one of the most popular crypto debit cards among European and American users. For users who already manage their assets on the Coinbase platform, this card is undoubtedly an ideal extension for the daily use of their on-chain assets.

Nexo Card: Cashback Credit Card for Residents in Europe

Launched by Nexo, a crypto trading platform headquartered in France with compliance licenses in the EU and the UK, the Nexo Card is only open to residents of the European Economic Area (EEA) and the UK. Chinese passport holders need proof of address and a residence card in Europe to open an account. This card not only supports crypto asset consumption but is also one of the few true "credit card model" U cards, allowing users to pay first and repay later, and it supports cashback at a considerable rate, making it one of the few cards that can compete with North American credit cards.

The Nexo Card belongs to the Mastercard network and can be used at almost all merchants within the network.

The Nexo Card's cashback mechanism employs a dynamic reward model based on the user's asset allocation. All daily purchases can earn crypto cashback, with a base rate of 0.5% of the purchase amount. The payment currency can be flexibly chosen within the platform as either NEXO Token or Bitcoin (BTC). When the total value of crypto assets held in the user's account exceeds $5,000, the user will automatically be included in the Loyalty Program. Depending on the proportion of NEXO tokens in the asset portfolio, users will be assigned to different loyalty levels, thereby earning higher cashback incentives.

Specifically, the highest platinum-level users can receive up to 2% NEXO token cashback or choose to receive 0.5% BTC cashback; gold-level users receive 1% and 0.3%, respectively; silver-level users receive 0.7% and 0.2%; and the base level maintains a cashback rate of 0.5% NEXO or 0.1% BTC. This tiered reward mechanism encourages users to hold more NEXO tokens on the platform, thereby enhancing user retention and the intrinsic value support of the platform's token.

In terms of fees, the Nexo Card has no annual or monthly fees, and its foreign exchange conversion fee structure is also relatively transparent, although it is not the same as traditional exchange rate designs. If the transaction currency is the same as the card's default currency (euro or pound), there is no charge. For transactions where the card's currency (euro or pound) is different from the local currency of the merchant, that is, for foreign currency transactions, the system will convert the transaction amount into the appropriate currency. If the transaction is settled in euros, Swiss francs, or pounds, the currency conversion fee is only 0.2%; for other countries or regions, the rate is 2%. In addition, all foreign currency transactions conducted on weekends will incur an additional 0.5% fee, a rule that is somewhat peculiar.

Combining its credit payment capabilities, dynamic cashback system, and crypto-asset-oriented membership model, the Nexo Card has established a relatively mature bridge between the traditional financial system and the use of crypto assets, suitable for users residing in Europe with a need for cashback.

RedotPay (Little Red Card): A Payment-Friendly Solution for Hong Kong, Macau, and Taiwan Regions

RedotPay is a crypto payment company headquartered in Hong Kong that officially launched its crypto payment card at the end of 2023, aiming to meet the convenient needs of users to use crypto assets in real-world scenarios. The card is positioned similarly to a traditional debit card, where the system directly deducts the equivalent amount of crypto assets from the user's bound account at the time of consumption to pay for the purchase amount. The entire process does not require pre-loading into a fiat currency account nor involves any credit loan functions. Unlike the previously introduced exchange-based card products, RedotPay is not a virtual currency exchange but focuses on providing blockchain-based payment solutions. Therefore, its card product is more focused on the usage path of on-chain assets themselves.

The card is currently not available for registration and use by residents of Mainland China but can be applied for and used in multiple overseas regions. The overall fee structure is at a medium level, with a comprehensive transaction fee of around 1% to 3%, depending on currency conversion and consumption scenarios. A major highlight of the RedotPay card is its direct support for Binance Pay, allowing users to recharge and settle through the Binance wallet system, giving it a certain advantage in terms of interoperability within the on-chain ecosystem.

In terms of card types, RedotPay offers a VISA card, which is relatively rare in the crypto card market. In addition, the card has no annual fee, reducing the long-term cardholding costs for users, but applying for a physical card requires a one-time payment of $100.

In terms of fees, Redotpay has provided a complete fee schedule:

It can be seen that the transaction fee for non-default underlying currency transactions is 1.2%, the ATM withdrawal fee is 2%, and the transaction fee is 1%. These fees do not include fees charged by trading platforms such as Alipay.

Overall, the RedotPay crypto card is aimed at overseas users with cross-border living or online consumption needs, suitable for those who wish to directly use on-chain assets for daily payments without relying on centralized exchanges for asset custody. It is one of the few representative products in the current crypto card market that follows a "light platform" approach.

Decentralized Project U Card Series, Featuring Self-Custody of Funds

MetaMask Card: A Low-Fee Payment Card Launched by MetaMask

The MetaMask Card is a lightweight crypto payment tool launched by the crypto wallet giant MetaMask, aimed at extending on-chain funds directly into daily consumption scenarios for existing wallet users. The card is currently in its early open phase and is only open for registration to residents of certain countries and regions, including the United States (excluding New York and Vermont), the United Kingdom, EU member states, Switzerland, Mexico, Colombia, and Brazil. The global version has not yet been fully launched.

From Application Process to Fees: A Comparison of the Top Ten Crypto Payment Cards

The Metamask card also belongs to the Mastercard merchant network. It is reported that a physical metal card will be released as an airdrop benefit in the future.

In terms of asset support, the MetaMask Card currently supports three tokens: USDC, USDT, and wETH. All funds must be stored on the Linea network, and users need to bridge their assets to this chain for top-ups. After topping up, the card can be directly connected to Apple Pay or Google Pay for mobile payments without the need for a physical card. During use, the system will instantly convert the selected crypto assets into fiat currency and settle in the local currency at the time the transaction is initiated.

In terms of fees, when paying with stablecoins such as USDC or USDT, only a single Linea network gas fee is required, which is usually around $0.02. However, if using non-stablecoins like wETH, an additional 0.875% on-chain swap fee is required. All fees will be displayed in the "Manage" section of the card's backend after the transaction is completed, where users can view detailed statements, including exchange rates, deduction amounts, and fee information.

In addition, the MetaMask Card offers 1% USDC cashback on all purchases, further enhancing the cost-effectiveness of using on-chain assets for direct consumption. This cashback model and transparent fee structure make the card particularly suitable for users familiar with DeFi and on-chain operations, especially those who already use the MetaMask wallet as their primary asset management tool.

1inch Card: The Magical "Lending" Card That Allows Borrowing Stablecoins for Consumption

Launched by the crypto aggregator trading platform 1inch, the 1inch Card is a crypto asset consumption card supported by Crypto Life and with Baanx as the compliant fiat on-and-off ramp service provider. Unlike most crypto cards that directly spend on-chain assets, the 1inch Card allows users to borrow stablecoins for daily consumption by collateralizing BTC or ETH. The KYC process required for the 1inch Card is similar to other products within the Baanx ecosystem and is mainly open to compliant residents of the European Economic Area and the UK, requiring local address proof.

Different from most crypto cards that directly consume on-chain assets, the 1inch Card allows users to use BTC or ETH as collateral to borrow stablecoins for daily consumption. Users can choose USDC, USDT, or EURT as the borrowed currency and can set the borrowing period between 6, 12, 18, or 24 months. This lending model is particularly friendly to users who are long-term bullish on crypto assets. For example, when the price of Bitcoin is low, users can borrow stablecoins for consumption by collateralizing BTC without directly spending their Bitcoin. When the price of BTC rises, users can choose to repay the stablecoins, thereby redeeming the original assets at a higher value. This mechanism not only preserves the potential future growth of the assets but also meets the real liquidity needs.

Of course, stablecoin lending inevitably incurs interest. However, as long as the appreciation of the collateral assets can cover this interest, the advantage of the lending card is very obvious. According to the official website, during the lending period, interest must be automatically repaid monthly, and the deduction operation is automatically completed through the stablecoin wallet within the system. Once the loan and interest are fully repaid, the user will receive all the collateral assets in their original form.

At the same time, the platform supports users obtaining a credit line of up to 60% of the value of their collateral assets.

In terms of payment currencies, the 1inch Card supports mainstream Layer 1 assets such as BTC, ETH, LTC, and XRP, but does not currently support Layer 2 network assets. When users make purchases, the system will automatically convert to fiat currency and complete the settlement. The platform's fee structure is relatively complex but clear: the card transaction fee is 2%, the exchange between cryptocurrencies and the conversion of crypto to fiat is 1.75%; if it is a crypto asset withdrawal, the fee is between 0.4% and 0.5%; and if fiat currency is withdrawn via bank transfer, a 3.49% fee is required. In terms of card services, there are no annual or maintenance fees, but a £2.50 fee is charged for GBP withdrawals, and a €3.00 fee plus a 1.5% fee for foreign currency withdrawals.

Although these fees seem high, they are not stacked. That is to say, direct card swipes incur a 2% fee plus potential foreign exchange conversion fees, and after converting to fiat currency at a 1.75% fee, fiat currency can be used for consumption, which is not much different from other crypto assets overall.

In addition, the 1inch Card offers 2% crypto cashback on each transaction, further enhancing the cost-effectiveness of daily use. Combined with its collateral-based stablecoin lending capabilities, flexible term settings, and widely supported asset types, the 1inch Card is not just a consumption card but a mini financial toolkit for crypto asset holders, occupying a unique position in the increasingly integrated DeFi and real-world financial scenarios.

As the global cryptocurrency infrastructure gradually matures, users' demand for the "real-world usability" of on-chain assets is also increasing. However, how to truly use on-chain assets in real life has always been a concern for crypto users.

Crypto payment cards (also known as "U cards") have quietly risen in this context—they not only bridge the "last mile" of asset usage but also subtly reshape people's understanding of wallets, PayFi, and payment networks.

Whether it is binding to mobile payment software for consumption or borrowing stablecoins by collateralizing Bitcoin to flexibly deal with market conditions, the use cases of crypto payment cards are becoming more diverse. Among them, some rely on exchanges, focusing on stability and cashback rewards, while others are based on wallets or protocols, emphasizing on-chain native assets and composability. Today's crypto payment cards have become a practical and increasingly mature entry point for crypto finance.

To clarify the real user experience and differences of these products, Odaily Planet Daily has conducted an in-depth dissection of the ten most representative crypto payment cards in the current market, including Bybit, Bitget, SafePal, Morph, Infini, Coinbase, Nexo, MetaMask, 1inch, and RedotPay. Based on a large amount of information collection and user feedback from social platforms, we have systematically sorted out and compared these cards horizontally in terms of application threshold, supported assets, fee structure, cashback mechanism, and on-chain interaction capabilities, helping readers find the most suitable "pass" in this rapidly evolving field.

Beginner U Cards Suitable for Chinese Users

Bybit Card: The Most Widely Used Exchange U Card

Bybit's recently launched virtual debit card has become popular on social media due to its no-annual-fee and low-threshold characteristics. This card supports KYC certification in mainland China, and the application process is free.

The application process is quite simple: Users first need to register a Bybit account and complete KYC verification on the platform. It is reported that users with Chinese mainland identities can pass the KYC review. After the verification is approved, users can find the "Card" option on the homepage and enter the application page, where they can choose different regions to open the card:

• Choosing Australia as the card-opening region, in this case, no proof of address is required to apply for the virtual card. The review time is approximately 5 to 7 working days after submission. Under this version, the default currency of the card is US dollars.

• Users can also choose the European Economic Area (EEA), but it should be noted that the EEA version requires proof of address in the EEA, such as utility bills or credit card statements with a European address. Under this version, the default currency of the card is euros.

In terms of usage, the card can be managed in the Bybit app, and the virtual card can be directly bound to Apple Pay, Google Pay, etc., for consumption, and can be used for swiping at merchants worldwide that support Mastercard.

Recent Twitter messages indicate that the Australian version of the virtual card can no longer be bound to Alipay and WeChat Pay for consumption, mainly due to the overuse of cashback activities by cashing-in studios. However, some users report that Alipay's "tap-to-pay" can still conduct transactions, which may vary depending on each user's account risk control. If you need to bind these payment tools, you can consider applying for the European card version. According to Twitter information, the European card version can still be normally bound to Alipay for use.

In terms of fees, the Bybit card is quite competitive: The transaction fee ranges from 0.9% to 3%, depending on the card-opening region, transaction currency, and consumption location, among other factors. Some transactions may also incur additional intermediary fees (such as from platforms like Alipay). Currently, the platform is running a new card promotion where users can enjoy a 10% cashback offer on their consumption.

It should be particularly noted that consumption in different regions may incur additional currency conversion fees and other costs. For example, if a user swipes the card at a merchant using Japanese yen, the final fee may include the exchange rate from US dollars/euros to Japanese yen, which the user also has to bear. Overall, this card, being linked to an exchange, has a clear advantage in usage and is one of the more convenient options in the current market.

Bitget Card: Exclusive Payment Card for VIPs

Compared to traditional bank cards, Bitget's virtual debit card also highlights "no annual fee" and "direct USDT spending" as its main selling points, attracting the attention of many crypto users. The card currently supports two card organization options: UnionPay and Mastercard, covering the actual needs of different regions and consumption scenarios.

The card issuer of Bitget Card is the DCS (DeCard) brand, a regulated card-issuing bank in Singapore. According to market messages, Bitget has acquired the majority of its shares. Although DeCard also provides card application services for individual users, this path usually requires applicants to have local identity verification and a Singaporean phone number, which is a high threshold. Therefore, applying through the Bitget platform is a more feasible way.

It should be noted that the Bitget Card is currently not open for application to all users. According to the platform's current rules, only users who have reached the VIP level are eligible to apply, and one common threshold is that the account balance must reach 30,000 USDT or equivalent assets. Therefore, the target user group of this card is more oriented towards high-net-worth or active trading users.

Currently, the Bitget Card also supports binding operations with Apple Pay, Google Pay, Alipay, WeChat, and other payment tools. Its functions focus on the combination of releasing the liquidity of on-chain assets and daily consumption. It should be noted that there are different types of Bitget Cards. The Bitget Card on the official website is a Visa card with the US dollar as the underlying settlement currency, while the Bitget Preferred Payment Card, which is more popular on Twitter, is a Mastercard/UnionPay card with the Singapore dollar as the underlying settlement currency, which is slightly different. According to user experiences on Twitter, this card can be smoothly used at all places that support Mastercard.

At the same time, Bitget has stated on its homepage that there will be opportunities for BGB cashback in the future.

In terms of fees, the transaction fee for the Bitget Card is also between 0.9% and 3%, mainly affected by factors such as the transaction currency, consumption location, and whether currency exchange is involved. For example, if a transaction settled in USDT is conducted in a non-US dollar/Singapore dollar region, a certain currency exchange fee may be triggered. In addition, different payment channels (such as UnionPay and Mastercard) may also affect the arrival time and intermediary fees. Moreover, Alipay and WeChat Pay will also charge fees for transactions above 300 yuan.

Overall, as a virtual financial product derived from an exchange, the Bitget Card provides users with another channel to use crypto assets in real consumption scenarios, especially suitable for users with larger asset scales and frequent cross-border consumption.

SafePal x Fiat24: More Than Just a U Card, It's a Compliant Bank Account

Unlike the traditional "virtual card," what SafePal offers is a more integrated form of crypto financial service, backed by a basic account support from Fiat24, a Swiss-registered bank. After completing identity verification and address validation, users will obtain a real European bank account (with an IBAN), which can be used for international money receipt, withdrawal, and even consumption with the associated debit card.

The application process is relatively more complex compared to other cards. Users need to first enter the relevant module within the SafePal wallet interface, with the precondition that the account's region supports this service (currently including Mainland China). Next, users need to transfer a small amount of ETH on the Arbitrum network to mint an identity NFT, which serves as the necessary certificate to obtain Fiat24 bank services. After completing KYC and address verification, the system will allocate a Fiat24 bank account and a Mastercard debit card bound to the account can be applied for simultaneously. Some users received Visa cards in 2023, and the current mainstream version is Mastercard.

This card also supports binding with Apple Pay, Google Pay, Alipay, and WeChat Pay, with underlying settlement currencies supporting euros, US dollars, Swiss francs, and Chinese yuan.

In terms of fees, the comprehensive fee range for the SafePal debit card is between 1% and 3%, depending on the specific transaction structure. The account withdrawal fee is approximately 1% of the transaction amount, while same-currency consumption does not incur additional charges, which is good news for users with consumption needs in the above four currencies. Once the fiat balance in the bank card is exhausted, the system will automatically deduct the fee from the bound crypto asset balance, enabling the consumption of crypto assets.

At the same time, since users obtain a complete bank account, this account supports international transfers to major banks, as well as international digital banks such as iFast, Wise, and Revolut. There have been many experiments and fee assessments on social platforms.

Compared with other exchange-led card products, the cooperation between SafePal and Fiat24 is closer to the extension of traditional financial services into the crypto world. It provides users with not just a card, but a complete financial account that can freely receive and send euros, is associated with crypto assets, and has a compliant identity label. It is particularly suitable for users with cross-border payment and asset export needs.

Morph Black Card: The "Top Player" in the High-End Credit Card Category

The Morph Black Card is the flagship membership benefit carrier launched by Morph, which is positioned as a consumption L2. It is a combination product for high-net-worth crypto users targeting "on-chain identity + real-world privileges." Unlike traditional virtual debit cards, the application threshold for Morph Black is holding a specific NFT—Morph Black NFT, which currently has a floor price of about 0.87 ETH in the secondary market. This NFT not only symbolizes the user's membership identity but also embeds the pricing and transfer functions of on-chain financial benefits.

In terms of functional design, Morph Black NFT is officially defined as the flagship asset of the MorphPay ecosystem. Holders may receive future Morph Token airdrops from the platform and have the right to be allocated at the lowest fully diluted valuation (FDV) stage. In addition, the NFT will be linked to multiple ecological projects, including the BAI Fund, to bring airdrop incentives to users. Cardholders can also participate in the platform's on-chain deposits to earn returns with an annualized yield of up to 30%.

In terms of card benefits, the Morph Black Card is a 22g physical black gold card. After completing KYC, cardholders can apply for this card. The advertised benefits include waiving the common $300 annual fee for traditional black cards and enjoying low transaction fees of as low as 0.3% during fund entry and exit (depending on currency exchange needs). The card has a high daily transaction limit of up to $1 million and will also come with a Singapore dollar bank account. In addition, according to the platform's public information and community discussions, the card will be linked to global hotel, flight booking, and private concierge services, possibly supported by the Aspire VIP system, to provide crypto asset holders with travel and lifestyle配套服务，类似于传统高端信用卡。

此外，据社区与社交平台消息，Morph Black 实体卡可能基于 DCS（DeCard）发行体系构建，其资方Bitget 被传已收购 DCS大部分股权，因此该卡极有可能是以 DCS 的 Mastercard卡为蓝本开发，部分权益可能将会来自DCS黑卡Imperium World Elite Card，且具备信用卡机制。

据Morph团队表示，未来将推出面向更广泛用户的普通卡版本，以扩展其支付网络与生态渗透力。整体而言，Morph Black Card 是目前市场上最具“高端金融”象征意义的卡类产品之一，适合寻求资产尊享化、权益可组合化的加密资深用户群体。

值得一提的是，Morph在几天前刚刚开始了Morph Platinum SBT的销售。通过铸造Morph Platinum SBT，用户可以在500亿美元的FDV下确保其在生态系统中的额度权益，并在TGE时解锁50%的代币。同时，SBT持有人将会获得Morph白金卡（Platinum Card），关于卡的细节尚未披露，但同样是一张支持加密货币直接消费的U卡，赠送价值300美元的一年黑卡卡片权益试用。目前，铸造Morph Platinum SBT的费用为0.3 ETH。

Infini Card: The Virtual Card Supporting OnlyFans

Infini offers three different types of cards: Meow Card and Rabbit Card are the core virtual card products, providing flexible on-chain payment and daily consumption solutions for different user needs. Currently, both cards are sold at a price of $9.9, with no annual or monthly fees. They support binding with Alipay and WeChat Pay, making them one of the few foreign virtual cards compatible with mainstream Chinese payment tools.

The Meow Card belongs to the Mastercard network and is more suitable for daily consumption scenarios denominated in Chinese yuan. Its transaction service fee is 0.8% of each purchase amount. When making non-US dollar currency payments, the system will automatically convert the currency and charge a cross-border fee of 1% to 1.5%, with a minimum of $0.01.

The Rabbit Card uses the Visa network and is positioned more towards US dollar merchants, especially for a range of subscription-based platforms, including ChatGPT Plus, OpenAI API, Midjourney, Cursor, AWS, Google Cloud, Notion, GoDaddy, GitHub, and other development services, as well as mainstream consumer platforms such as Netflix, YouTube, eBay, and Amazon, covering almost all daily US dollar subscription services. The base service fee for the Rabbit Card is also 0.8% per transaction, but its fee for non-US merchants or non-US dollar transactions is a fixed 1% plus $0.50, with the same minimum rate threshold of $0.01.

Of course, Infini's official website also thoughtfully indicates for users that both Meow Card and Rabbit Card support subscriptions to OnlyFans, truly meeting user needs.

Although these two cards are in virtual form, they can both be quickly bound to Alipay and WeChat Pay in actual use to achieve a seamless payment experience. On the official website, it can be seen that Infini's physical card product, Woof Card, is in preparation and will support Apple Pay and Google Pay in the future, with broader offline payment capabilities, expected to further expand the user base.

Overseas Residents' Welfare Cards: No-Fee Cards, Cashback Cards, and "Lending" Cards

Note: The KYC requirements for all the following cards are for "residents," not limited by nationality. That is, residents who can provide local address proof, such as utility bills and credit card statements, can undergo KYC according to the requirements of different card issuers, with varying levels of difficulty.

Coinbase Card: The Only Payment U Card with "No Fees and No Losses"

As one of the largest and most compliant cryptocurrency trading platforms globally, Coinbase's debit card has significant advantages in terms of user trust and fund security. The card is issued to users with a Coinbase account and is particularly suitable for residents permanently residing in the United States or the European Economic Area (EEA). Applicants must have a valid residency status and a real address in their location, and KYC verification for Mainland China is not supported.

However, the strict KYC process comes with premium benefits: One of the biggest features of the Coinbase debit card is the waiver of all fees. Its "native asset payment" mechanism allows users to directly use stablecoins such as USDC for daily consumption. The platform also supports fee-free conversion of fiat currency to USDC, which greatly reduces the asset conversion costs for cardholders. Daily transactions and ATM withdrawals are usually free of charge, providing users with an almost lossless payment experience. In addition, the card is a VISA debit card that can be used normally at merchants and services worldwide that support this network, covering a wide range of scenarios.

When users withdraw funds from Coinbase to their local bank account, if the account is located in a country or region supported by Coinbase, the process is generally fast and is widely regarded as "smooth and stable." Additionally, Coinbase occasionally launches cashback activities for debit card users, which, although not frequent, is an extra incentive for long-term cardholders.

Overall, the Coinbase debit card, with its compliant background, low-fee system, and good fiat currency deposit and withdrawal experience, has become one of the most popular crypto debit cards among European and American users. For users who already manage their assets on the Coinbase platform, this card is undoubtedly an ideal extension for the daily use of their on-chain assets.

Nexo Card: Cashback Credit Card for Residents in Europe

Launched by Nexo, a crypto trading platform headquartered in France with compliance licenses in the EU and the UK, the Nexo Card is only open to residents of the European Economic Area (EEA) and the UK. Chinese passport holders need proof of address and a residence card in Europe to open an account. This card not only supports crypto asset consumption but is also one of the few true "credit card model" U cards, allowing users to pay first and repay later, and it supports cashback at a considerable rate, making it one of the few cards that can compete with North American credit cards.

The Nexo Card belongs to the Mastercard network and can be used at almost all merchants within the network.

The Nexo Card's cashback mechanism employs a dynamic reward model based on the user's asset allocation. All daily purchases can earn crypto cashback, with a base rate of 0.5% of the purchase amount. The payment currency can be flexibly chosen within the platform as either NEXO Token or Bitcoin (BTC). When the total value of crypto assets held in the user's account exceeds $5,000, the user will automatically be included in the Loyalty Program. Depending on the proportion of NEXO tokens in the asset portfolio, users will be assigned to different loyalty levels, thereby earning higher cashback incentives.

Specifically, the highest platinum-level users can receive up to 2% NEXO token cashback or choose to receive 0.5% BTC cashback; gold-level users receive 1% and 0.3%, respectively; silver-level users receive 0.7% and 0.2%; and the base level maintains a cashback rate of 0.5% NEXO or 0.1% BTC. This tiered reward mechanism encourages users to hold more NEXO tokens on the platform, thereby enhancing user retention and the intrinsic value support of the platform's token.

In terms of fees, the Nexo Card has no annual or monthly fees, and its foreign exchange conversion fee structure is also relatively transparent, although it is not the same as traditional exchange rate designs. If the transaction currency is the same as the card's default currency (euro or pound), there is no charge. For transactions where the card's currency (euro or pound) is different from the local currency of the merchant, that is, for foreign currency transactions, the system will convert the transaction amount into the appropriate currency. If the transaction is settled in euros, Swiss francs, or pounds, the currency conversion fee is only 0.2%; for other countries or regions, the rate is 2%. In addition, all foreign currency transactions conducted on weekends will incur an additional 0.5% fee, a rule that is somewhat peculiar.

Combining its credit payment capabilities, dynamic cashback system, and crypto-asset-oriented membership model, the Nexo Card has established a relatively mature bridge between the traditional financial system and the use of crypto assets, suitable for users residing in Europe with a need for cashback.

RedotPay (Little Red Card): A Payment-Friendly Solution for Hong Kong, Macau, and Taiwan Regions

RedotPay is a crypto payment company headquartered in Hong Kong that officially launched its crypto payment card at the end of 2023, aiming to meet the convenient needs of users to use crypto assets in real-world scenarios. The card is positioned similarly to a traditional debit card, where the system directly deducts the equivalent amount of crypto assets from the user's bound account at the time of consumption to pay for the purchase amount. The entire process does not require pre-loading into a fiat currency account nor involves any credit loan functions. Unlike the previously introduced exchange-based card products, RedotPay is not a virtual currency exchange but focuses on providing blockchain-based payment solutions. Therefore, its card product is more focused on the usage path of on-chain assets themselves.

The card is currently not available for registration and use by residents of Mainland China but can be applied for and used in multiple overseas regions. The overall fee structure is at a medium level, with a comprehensive transaction fee of around 1% to 3%, depending on currency conversion and consumption scenarios. A major highlight of the RedotPay card is its direct support for Binance Pay, allowing users to recharge and settle through the Binance wallet system, giving it a certain advantage in terms of interoperability within the on-chain ecosystem.

In terms of card types, RedotPay offers a VISA card, which is relatively rare in the crypto card market. In addition, the card has no annual fee, reducing the long-term cardholding costs for users, but applying for a physical card requires a one-time payment of $100.

In terms of fees, Redotpay has provided a complete fee schedule:

It can be seen that the transaction fee for non-default underlying currency transactions is 1.2%, the ATM withdrawal fee is 2%, and the transaction fee is 1%. These fees do not include fees charged by trading platforms such as Alipay.

Overall, the RedotPay crypto card is aimed at overseas users with cross-border living or online consumption needs, suitable for those who wish to directly use on-chain assets for daily payments without relying on centralized exchanges for asset custody. It is one of the few representative products in the current crypto card market that follows a "light platform" approach.

Decentralized Project U Card Series, Featuring Self-Custody of Funds

MetaMask Card: A Low-Fee Payment Card Launched by MetaMask

The MetaMask Card is a lightweight crypto payment tool launched by the crypto wallet giant MetaMask, aimed at extending on-chain funds directly into daily consumption scenarios for existing wallet users. The card is currently in its early open phase and is only open for registration to residents of certain countries and regions, including the United States (excluding New York and Vermont), the United Kingdom, EU member states, Switzerland, Mexico, Colombia, and Brazil. The global version has not yet been fully launched.

From Application Process to Fees: A Comparison of the Top Ten Crypto Payment Cards

The Metamask card also belongs to the Mastercard merchant network. It is reported that a physical metal card will be released as an airdrop benefit in the future.

In terms of asset support, the MetaMask Card currently supports three tokens: USDC, USDT, and wETH. All funds must be stored on the Linea network, and users need to bridge their assets to this chain for top-ups. After topping up, the card can be directly connected to Apple Pay or Google Pay for mobile payments without the need for a physical card. During use, the system will instantly convert the selected crypto assets into fiat currency and settle in the local currency at the time the transaction is initiated.

In terms of fees, when paying with stablecoins such as USDC or USDT, only a single Linea network gas fee is required, which is usually around $0.02. However, if using non-stablecoins like wETH, an additional 0.875% on-chain swap fee is required. All fees will be displayed in the "Manage" section of the card's backend after the transaction is completed, where users can view detailed statements, including exchange rates, deduction amounts, and fee information.

In addition, the MetaMask Card offers 1% USDC cashback on all purchases, further enhancing the cost-effectiveness of using on-chain assets for direct consumption. This cashback model and transparent fee structure make the card particularly suitable for users familiar with DeFi and on-chain operations, especially those who already use the MetaMask wallet as their primary asset management tool.

1inch Card: The Magical "Lending" Card That Allows Borrowing Stablecoins for Consumption

Launched by the crypto aggregator trading platform 1inch, the 1inch Card is a crypto asset consumption card supported by Crypto Life and with Baanx as the compliant fiat on-and-off ramp service provider. Unlike most crypto cards that directly spend on-chain assets, the 1inch Card allows users to borrow stablecoins for daily consumption by collateralizing BTC or ETH. The KYC process required for the 1inch Card is similar to other products within the Baanx ecosystem and is mainly open to compliant residents of the European Economic Area and the UK, requiring local address proof.

Different from most crypto cards that directly consume on-chain assets, the 1inch Card allows users to use BTC or ETH as collateral to borrow stablecoins for daily consumption. Users can choose USDC, USDT, or EURT as the borrowed currency and can set the borrowing period between 6, 12, 18, or 24 months. This lending model is particularly friendly to users who are long-term bullish on crypto assets. For example, when the price of Bitcoin is low, users can borrow stablecoins for consumption by collateralizing BTC without directly spending their Bitcoin. When the price of BTC rises, users can choose to repay the stablecoins, thereby redeeming the original assets at a higher value. This mechanism not only preserves the potential future growth of the assets but also meets the real liquidity needs.

Of course, stablecoin lending inevitably incurs interest. However, as long as the appreciation of the collateral assets can cover this interest, the advantage of the lending card is very obvious. According to the official website, during the lending period, interest must be automatically repaid monthly, and the deduction operation is automatically completed through the stablecoin wallet within the system. Once the loan and interest are fully repaid, the user will receive all the collateral assets in their original form.

At the same time, the platform supports users obtaining a credit line of up to 60% of the value of their collateral assets.

In terms of payment currencies, the 1inch Card supports mainstream Layer 1 assets such as BTC, ETH, LTC, and XRP, but does not currently support Layer 2 network assets. When users make purchases, the system will automatically convert to fiat currency and complete the settlement. The platform's fee structure is relatively complex but clear: the card transaction fee is 2%, the exchange between cryptocurrencies and the conversion of crypto to fiat is 1.75%; if it is a crypto asset withdrawal, the fee is between 0.4% and 0.5%; and if fiat currency is withdrawn via bank transfer, a 3.49% fee is required. In terms of card services, there are no annual or maintenance fees, but a £2.50 fee is charged for GBP withdrawals, and a €3.00 fee plus a 1.5% fee for foreign currency withdrawals.

Although these fees seem high, they are not stacked. That is to say, direct card swipes incur a 2% fee plus potential foreign exchange conversion fees, and after converting to fiat currency at a 1.75% fee, fiat currency can be used for consumption, which is not much different from other crypto assets overall.

In addition, the 1inch Card offers 2% crypto cashback on each transaction, further enhancing the cost-effectiveness of daily use. Combined with its collateral-based stablecoin lending capabilities, flexible term settings, and widely supported asset types, the 1inch Card is not just a consumption card but a mini financial toolkit for crypto asset holders, occupying a unique position in the increasingly integrated DeFi and real-world financial scenarios.