A crypto card with cheap virtual options and a Hong Kong company behind it

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

Card.fi is a crypto card with virtual, physical and metal versions, spending across five networks and 32 coins, and a physical card in your hand within about a week. The pitch is straightforward: load crypto, spend it like ordinary money, get some cashback back. The fine print is where your attention belongs, because the company behind it is a Hong Kong trading name, the balance sits as a debt on the company’s books, and the cheapest virtual card is a one-off $49 with no monthly fee but a 1.5% + $1.00 top-up charge.

My score: 6.6 out of 10. That is a middle-of-the-road result from a genuinely strong product wrapped in a genuinely thin safety net. The card is good at what it does, and the design of the product is better than most rivals in this niche. What holds it back is everything the card’s own pages do not tell you: which licences apply, what currency the card is denominated in, what your ATM allowance actually is, and what happens to your balance if the operator has a bad year.

Who this suits: someone who spends across many different coins, already holds stablecoins on several networks, and wants a card that does not care which chain the money is on. Who it does not suit: anyone treating the balance like a bank deposit, anyone in a hurry to withdraw, and anyone who needs the specific protections of an EU or US financial institution.

Conditions are current as of October 28, 2026

The score at a glance

Two of these marks deserve a word. The 9 for top-up options is not marketing decoration: 32 coins on five networks is genuinely more than most cards in this category manage, and the separate deposit address per card is a small design touch that makes accounting easier. The 2 for cost is brutal, and it is not about the missing monthly fee — it is about the combination of a one-off purchase price and fees stacked on the two actions you will perform most, putting money in and converting it.

Will they give you the card

Yes, probably, if you are not in a sanctioned territory. The banner says cards ship to “200+ countries”. That is a shipping statement, not an eligibility list, and the distinction matters: a country can be served without anyone there being allowed to sign up.

The actual exclusion in the terms is narrow. Residents of, and orders from, “a country subject to sanctions that would prohibit the service” are refused. There is no citizenship-versus-residence rule beyond that line, no list of excluded nationalities, no country table published on the pages I read. So the honest answer to “can I get one in my country” is: probably, unless you live somewhere under sanctions that bar the service — and check with the operator if your situation is unusual, because the exclusion is written broadly enough that the operator decides how far it reaches.

The catch on that 9 out of 10 is verification. The issuer may require identity verification before issuing a card or raising your limits. If verification fails, the card is not issued and the fee is refunded — which is the good outcome. Minimum age is 18. What documents you will be asked for is not stated, and neither is any verification level or tier structure. That is worth knowing before you pay: you find out what you need at the point you need it.

How to get it

The range is wide enough that you can pick before you pay. There is a Virtual Classic and a Virtual Premium, physical Classic and Premium versions, and a metal card in stainless steel. Every physical order includes a virtual card as well, which is the single most useful thing in that list: you get a card number immediately and the plastic arrives later.

On the network side, the cards are issued “under licence from the relevant card schemes”. Visa and Mastercard are not named. For you, that matters for one practical reason: which scheme is behind the card affects where a merchant’s terminal will accept it and which wallet integrations behave well. The card states the arrangement but not the name, so I would not plan around a specific network until you see it on your own card.

The card currency is not stated. That is a bigger gap than it looks. A card with no stated settlement currency leaves the cost of a foreign purchase to the FX fee, which on Classic is 3.5% and on Premium 2.5%, on top of whatever the underlying conversion does. You cannot compute your own effective rate without knowing the base currency.

Delivery: physical Classic and Premium ship within 5–7 business days. The metal card ships express. Replacement cost for a lost card is not stated. Shipping destinations are “200+”.

What it really costs: Fees and limits

Here is the whole price list as the card states it. Two numbers deserve your attention before anything else: the FX fee, because it applies to most of what you will do, and the top-up fee, because it applies to every time you add money.

Three ordinary payments, and which fees actually touch them:

A $20 coffee bought in your own country with a balance you already loaded. The top-up fee you paid at loading is already gone — 1.5% + $1.00 on Classic, so about $1.30 on a $20 load. At the till, if no conversion is needed, the FX fee should not appear. What you may see instead is a decline: this is where the BIN’s country comes up against your billing address, and some merchants refuse prepaid or foreign-issued cards. More on that below.

A $60 hotel booking in a different currency from a Virtual Classic. The 3.5% FX fee is the number that lands, plus whatever spread the conversion itself carries. On Premium the same booking costs 2.5%. The difference between the two tiers, one percentage point, is the single clearest reason to choose Premium if you travel at all — but the $249 virtual Premium versus $49 virtual Classic is a lot to pay upfront to buy it, which is why the physical and metal prices being unlisted matters so much for anyone actually comparing tiers.

A $50 cash withdrawal at an ATM. Possible on physical cards only. The allowance is larger on Premium and Metal than on Classic, but the amounts and the fee are not stated, so I cannot tell you what it costs beyond the conversion. If cash is a regular part of your life, this is the number to ask the operator for before you rely on it.

Also worth knowing: cashback. Classic returns 0.8% capped at 10 USDT per month; Premium 1%; Metal 1.2% capped at 100 USDT per month or 5,000 USDT, or 2% capped at 250 USDT per month or 20,000 USDT. The headline offer is 10% at coffee shops, capped at 10 USDT per month. On balances, Metal advertises earning “up to 18%”, variable.

Read those numbers against the fee table before you decide cashback is the point. On a Virtual Classic, 0.8% back on spending does not offset a 3.5% FX fee on a converted purchase, and it is capped at 10 USDT a month regardless. The cashback is a pleasant detail; the FX fee is the actual price of the card.

How to top it up

This is the strongest part of the product and the part with the sharpest edge. The card supports 32 coins across five networks: Ethereum, Base, BNB Chain, Solana and Kaanch. Named examples are USDT, USDC, ETH, BNB, SOL and KAANCH. Each card gets its own deposit address, which is genuinely helpful — you can tell at a glance which balance an incoming transfer belongs to.

The mechanics: you send crypto to the address, it converts at the market rate on arrival, and the order completes after on-chain confirmation. The conversion fee is shown before each top-up, and the top-up fee is the one in the table above. The minimum top-up is shown in the app or account rather than on the public pages, so I cannot quote it.

The sharp edge is the one every multi-chain card carries: sending on the wrong chain risks permanent loss. Not “may be delayed”, not “support will sort it” — the card’s own wording is permanent loss. With five networks and stablecoins that exist on several of them, this is a realistic mistake rather than a theoretical one. USDC, for example, is a different asset depending on the chain you send it on. Match the network before you send, and treat the deposit address on your account page as the only correct destination.

Then there is the reverse direction, which has its own trap. Withdrawals are paid in a supported stablecoin 1:1, with a fee of 1% of the amount and a seven-day hold during which the withdrawal can be cancelled. Closing the card returns funds to a held balance that is still withdrawable — but virtual cards cannot be cancelled once issued. That last clause is the one to sit with: a virtual card is permanent, so the $49 is permanent too, and your balance sits behind a product you cannot close.

Paying with it every day

This is where the card earns its 10 out of 10. Virtual, physical and steel cards, each physical order including a virtual card. Apple Pay and Google Pay are supported on Classic and Premium, so the card lives in your phone and you tap. ATMs work on physical cards. Cards are managed in the Card.fi account through a web dashboard; the app is referenced for the token list. Store ratings were not found, so I cannot tell you what users say about the software.

Mobile wallets are the practical safety feature here too, not just a convenience. In Apple Pay the card number is replaced by a device-specific number stored in the phone’s secure hardware, never on Apple’s servers, and each payment carries a one-time code. That means a photographed card number is much less useful than it looks.

What you cannot spend on is worth reading once, because 18 categories are blocked. The list covers crypto exchanges (6051), cash (6010), ATMs (6011), quasi-cash (6050), stored-value loads (6540), remittances (4829), financial institutions (6012), securities brokers (6211), telemarketing (5966), dating (7273), massage (7297), betting (7995), regional gambling (7800/7801/7802/9406) and political or religious organisations (8651/8661). The practical consequence: this card cannot be used to move value back into crypto, and it will refuse at the ATM counter in some cases. Do not read that as a defect — it is standard card policy — but do read it as a limit on what the card is for.

Disputes are the gap in this section. Card.fi does not cover them in its own terms. Transaction disputes fall under the issuer’s cardholder terms, and complaints about a card account go to the On5 Card Network rather than to the company you sign up with. That means when something goes wrong with a payment, you are in a scheme’s dispute process rather than a relationship with the brand, and the paperwork will be longer.

What can go wrong

The biggest thing is the custodial structure, and the card is clear about it: balances are held as “a sum we owe you”. That is a debt claim on a company, not a segregated deposit or a wallet you control. The terms do not address safeguarding or segregation. The company behind the card is Kaanch Limited, a trading name in Hong Kong, under Hong Kong law. Cards are issued by the On5 Card Network, on-chain settlement runs through the Kaanch Network, and licences are not named anywhere on the pages I read.

Take those four facts together and you get the risk profile. You are trusting a Hong Kong company with a claim on your money, issued by an unnamed-scheme issuer, with no named licence. This is not a reason to avoid the card — plenty of functioning businesses operate this way — but it is a reason to keep a working balance rather than a life balance on it.

I looked for a track record and found almost nothing, which cuts both ways. No official incident surfaced. No Trustpilot page for Card.fi in a search run on 2026-10-21, and no Reddit pages for Card.fi or Kaanch. A company with a documented history of complaints would be a different conversation; a company nobody has written about is simply unknown, and unknown is not the same as clean.

Then there is the category risk, which applies to every card like this one. The large failures in crypto are real and recent: custodial platforms have lost funds at Mt. Gox, Coincheck and Ronin Network, and card programmes have been shut down before — Visa terminated its global agreements with FTX in November 2022, and WaveCrest had all its Visa programmes closed after suspension in 2018. Closures follow a pattern: loading stops, spending stops, and then you are asked to withdraw what is left. If you are choosing between this card and a regulated e-money provider in your own jurisdiction, that is the comparison to make.

Support is email from your account address plus Telegram, with terms promising acknowledgement within two working days and a resolution or explanation within fifteen. Premium gets priority. Those are commitments in the terms, which is more than many cards in this category offer; whether they are met is another matter, and with no public complaint record there is nothing to judge them against.

Two smaller risks. Blockchain transfers are irreversible, so a deposit on a network the provider does not support can be lost with no guarantee of recovery — the wrong-chain risk from the top-up section again. And stablecoins are not censorship-proof: Tether disables tokens in wallets on sanctions lists and has frozen funds tied to illicit activity. And a declined payment can leave a hold on your funds for several days, typically up to 7, which is worth remembering when a card is your only balance.

What to take instead

None of the three alternatives I looked at outscore Card.fi, and the reasons are worth showing rather than hiding.

Three contrasts stand out. Cardex says its conversion scans global exchange rates and picks the best rate at the moment of payment, though no fee percentage is published, and its App Store listing is Naira-focused. CardFlow is explicitly Nigerian, markets itself as a virtual USD Mastercard that takes about three minutes to create and is free to create, but states nothing about fees or limits. HyperCard is a prepaid card in USD or EUR with crypto deposits converted to that currency, and the pages I could read list no fees at all.

Two of these are only partially verified from their own pages, and you should treat the missing numbers as missing rather than as zero: an unstated fee is not a free card. Where Card.fi is weaker than ideal, it at least publishes its prices. Where it is strong — the coin coverage, the mobile wallets, the choice of metal — the alternatives are thinner still.

Who I would recommend it to

I would recommend this card to someone who already lives in crypto. Specifically: you hold stablecoins across more than one network, you are used to checking a chain before you send, and you want a card that will take any of 32 coins without a conversation. The five-network coverage and the per-card deposit address are the reasons. For that person the fee stack is a known, bounded cost, not a surprise.

I would not recommend it to you if any of these are true. You want deposit-guarantee protection or a regulated e-money institution behind the balance. You plan to travel often and care about the effective exchange rate — at 3.5% on Classic, foreign spending is expensive. You need cash regularly, because the ATM allowance and fee are not published. You intend to move funds back out quickly, because withdrawals carry a 1% fee and a seven-day hold that can be cancelled. Or you simply want to know which regulator to complain to, because the licences are not named and complaints about a card account go to the card network rather than to the company on your screen.

My own advice would be to start on a virtual Classic if you try it, use it for spending you were going to do anyway, and keep the balance small enough that its absence would not hurt you. Upgrade to Premium only if you travel, because that is where the 2.5% FX rate earns its $249.

Frequently asked questions

What is Card.fi card?

Card.fi is a crypto payment card that converts deposited cryptocurrency into spendable fiat balance. It comes as a virtual card, a physical card and a stainless steel metal card, and every physical order includes a virtual card too. Cards are issued under licence from the relevant card schemes, though the card’s public pages do not name Visa or Mastercard. The company behind it is Kaanch Limited, a Hong Kong trading name.

How does Card.fi card work?

You deposit crypto to a deposit address assigned to your card, it converts at the market rate on arrival, and the balance loads as prepaid spendable money. The card then behaves like an ordinary prepaid card in shops, online and at ATMs on physical versions. Apple Pay and Google Pay are supported on Classic and Premium. On-chain confirmation is needed before a top-up order completes, and balances sit as a debt owed to the company rather than in a wallet you hold the keys to.

Is Card.fi a bank?

Not on the evidence of its public pages. Kaanch Limited is described as a trading name in Hong Kong, under Hong Kong law, and the cards themselves are issued by the On5 Card Network. Licences are not named. That places it closer to an e-money or prepaid-card programme than to a bank, which matters mainly for one reason: your balance is a claim on a company, and deposit guarantee schemes do not cover such claims.

Who owns Card.fi?

The public pages point to Kaanch Limited, a Hong Kong trading name, with on-chain settlement handled through the Kaanch Network. The card does not name any licence or regulator, and I found no corporate structure detail beyond that. If ownership detail is what you are relying on to make a decision, this is the weakest-documented part of the whole offer, and worth raising with support directly before you deposit anything significant.

Can I use the Card.fi card in my country?

Probably, if you are not resident in a sanctioned territory. The banner says cards ship to “200+ countries”, which is a shipping statement rather than an eligibility list. The terms bar residents of, and orders from, “a country subject to sanctions that would prohibit the service”. There is no country-by-country table, so if your situation is unusual, ask the operator rather than assuming from the banner.

Does Card.fi card require KYC?

Possibly. The issuer may require identity verification before issuing a card or before raising your limits. If verification fails the card is not issued and the fee is refunded. The minimum age is 18. The documents required are not stated, and neither is any verification tier structure, so you will find out what is needed when you apply rather than from the published terms.

How much does a Card.fi card cost?

A Virtual Classic costs $49 one-time and a Virtual Premium $249. Physical and metal prices are not listed, which is the most annoying gap on the pricing page. There is no monthly, annual, inactivity or minimum-balance fee. Top-up is 1.5% + $1.00 on Classic and 1% on Premium, and the FX fee is 3.5% on Classic and 2.5% on Premium. On Classic, the recurring costs comfortably outweigh the cashback of 0.8%.

How do I top up the Card.fi card?

You send crypto from your own wallet to the deposit address assigned to your card, on one of five supported networks: Ethereum, Base, BNB Chain, Solana or Kaanch. 32 coins are supported, including USDT, USDC, ETH, BNB, SOL and KAANCH. The conversion happens at the market rate on arrival and the order completes after on-chain confirmation. Check the network before you send — a wrong-chain transfer risks permanent loss.

Is Card.fi card safe?

That depends on what you mean by safe, and the honest answer is that the card is clear about the part it does not offer. Balances are held as “a sum we owe you”, which is custodial: the company holds the balance and you hold a claim. Safeguarding and segregation are not addressed in the terms. Licences are not named. In your favour, freezing a card in the account takes effect immediately and you can set your own limits.

Why should I choose Premium over Classic?

Premium gives higher spending limits, a lower FX fee at 2.5% against 3.5%, a larger ATM allowance, and priority support. The trade-off is $249 rather than $49 for the virtual version. The FX difference is the number to run the maths on: if you spend abroad regularly, one percentage point recovers the difference faster than almost anything else on the card’s list. If you do not travel, Classic is the more sensible starting point.

Content created by the «cryptocardtested» team