The card that is really a card factory

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

If you have been searching for a card that turns crypto into everyday spending, FBM looks like a straightforward answer: virtual Mastercard and Visa cards, funded with USDT or USDC, no transaction fees, no decline fees, cards issued instantly and in any number. That is exactly what it is. And that is the catch. FBM is not really one card for one person — it is a platform for issuing many cards, priced by monthly volume, where the consumer is the side effect. My score for it is 4.7 out of 10, and the reasons are below, alongside who I think should look past it and what I would read before signing up to anything.

The conditions described on this page are current as of October 28, 2026.

Verdict: 4.7 / 10, and a platform rather than a personal card

FBM is a virtual-card platform for people and teams who already hold crypto and want it spendable as card numbers. It does the mechanics cleanly: virtual cards only, Mastercard and Visa BINs, Credit, Debit and Corporate card types, more than ten BINs issued from Hong Kong, the US, Singapore, Colombia and other countries, instant issuance, and any number of cards per account. There are no transaction fees and no decline fees, and the FX spread is described as a standard 1 per cent bank spread. For a specific kind of user — a team that needs dozens of virtual cards funded from a USDT balance — that combination is genuinely useful.

For everyone else, the arithmetic is unfriendly. Cards cost $2 each on the Start, Basic and Advanced tiers. Top-up commission starts at 4.5 per cent per month on the lowest tier and falls as volume rises. The minimum deposit is $500 and a bank wire starts at $5,000. There is no physical card, no dedicated app, and the everyday features most people actually want — Apple Pay, Google Pay, bank ATMs — are simply not mentioned. The platform is not aimed at individuals at all.

The score, criterion by criterion

Will they give you the card?

Not stated by country. The page says full KYC is applied to all clients, and that is the only eligibility statement there is. No country list appears on the public pages, no exclusions appear, and there is no stated distinction between residents and non-residents. That silence matters more than it first looks, and I would rather say plainly that the card’s public pages do not tell us than invent a rule.

What “full KYC” normally involves in this industry is worth knowing as you read. In the EU, customer due diligence covers name, address, date of birth, nationality and identity documentation, a sanctions check, establishing the purpose of the relationship, and determining whether the customer is a politically exposed person. In the US, the customer identification programme requires name, date of birth, address and an identification number, and electronic systems also validate proof-of-address documents. Nationality is recorded and screened separately from residence, because sanctions screening and issuer risk policy are often applied to citizenship and country of birth as well as to country of address. Prepaid and debit cards are generally available to adults aged 18 and up, and some issuers set higher limits.

Against that background, the honest position is this: the platform says it runs full KYC, and because no country is named and no issuer is named, I cannot tell you which of those regimes applies to you. The documents FBM asks for are not stated — the page refers to KYC procedures applying to all clients, but does not enumerate documents, proof of address or an age test. Nor is a verification tier structure stated; there is no basic or enhanced level described anywhere I could read. If your situation is unusual — no conventional address, a country that is awkward for financial services, or a citizenship that complicates screening — this is the first thing to ask, before anything else on this page. And asking is legitimate: the platform has a Telegram contact, and a Russian-language site.

On the card side, the facts are clear and unusually generous for a virtual-only product. You get virtual cards only, on Mastercard and Visa BINs, in Credit, Debit or Corporate type. There are more than ten BINs, coming from Hong Kong, the US, Singapore, Colombia and other countries, and the card currency is USD — the site refers to “10+ USD BINs”. Cards are issued instantly and you can issue any number of them. There is no delivery, because there is nothing physical to deliver.

For a reader who simply cannot get an ordinary bank card, this is worth pausing on. Many people turn to cards like this because a conventional application failed, because they live somewhere with thin banking, or because a bank’s risk system does not recognise their documents. A virtual card issued from a BIN in one of several countries, funded from a stablecoin balance, genuinely sidesteps a lot of that. It is a real use case. What I want to add is a caution, not a warning: I am describing what the product does, not vouching for anything. Nobody here can promise you safety, anonymity or that your documents will not be shared.

How to get it

Getting FBM is not an application in the bank sense. There is no credit check, no income requirement and no paperwork described on the public pages beyond the KYC procedures the site says apply to all clients. The realistic sequence is: open an account in the browser dashboard, pass whatever verification the platform requires, connect or receive a USDT balance, and issue virtual cards instantly — as many as you want, since the number of cards is not limited.

Some things to have ready before you start:

• The documents the platform’s KYC actually asks for are not stated, so plan to be asked for identity and address proof and be prepared to supply them.
• Your crypto will be held on a custodial platform balance, not in a wallet you hold — see the risk section for what that means.
• Since cards are virtual only, there is nothing to arrive in the post and nothing to activate physically. The card details you receive are the card.
• The spending limit is set per card, by you. The site gives an example of $1,000 per card, with daily and monthly limits on top. Platform-level limits are not stated.

Then the part that catches most new users: the $500 minimum on the first deposit. This is not a small test transaction. You commit $500 before you have paid anything at all, because the first month’s top-up commission applies to it. And your first payment out will be measured against the 4.5 per cent Start tier, not the 2.5 per cent Elite tier you might imagine yourself growing into.

Fees: what it really costs

The headline — no transaction fees, no decline fees — is true and it is the best thing about this pricing. But FBM is not free, and the cost that matters most is the top-up commission, which is charged on your monthly volume and, more importantly, applied to everything you load, including money you later withdraw. There is also a 1 per cent FX spread, a per-card issuance charge on the lower tiers, and a 1 per cent withdrawal fee back to a USDT wallet.

One honest note on the card price: the FAQ gives “$0–3” and elsewhere the site says “from $3 to $0”. Those two statements do not agree, and I would treat the $2 figure for Start, Basic and Advanced as the more coherent reading rather than pretend the FAQ is consistent.

Now let me walk through three everyday payments, because this is where the pricing either works or does not.

A $30 subscription. Say your loaded balance covers it. There is no transaction fee, so the card costs you nothing on top of what the top-up commission already took. If the merchant prices in your own currency, the 1 per cent spread applies. If the merchant is an overseas merchant and the AVS check on your billing address fails — a real risk with a foreign-issued card — the payment can be declined, and there is no decline fee to soften the irritation, though also no charge to recover.

A $200 monthly transfer of habits — a card you top up $500 to spend. Start tier. The top-up commission on that $500 is 4.5 per cent. That is the number to hold on to: you pay the commission on money you load, whether or not you ever spend it, and there is a 1 per cent fee again if you later withdraw what is left. If you load once and spend it all, your effective cost of the spending is 4.5 per cent. If you load, spend half and pull the rest, you have paid 4.5 per cent to spend half and 5.5 per cent to get the other half back.

Paying a supplier or a contractor in a different currency. Here the 1 per cent spread is the fee that applies, on top of the top-up commission already sunk into your balance. For a business moving money repeatedly this is workable at volume, because the tier drops — at $500k–1M a month you are on the 2.5 per cent Elite tier. For an individual, the spread and the commission together mean a $1,000 bill carries roughly $55 of cost by the time it is paid, before you have counted anything else. That is the number that makes this a business product.

Two features on the tier table are worth flagging because they reveal who the platform is built for. Pro and above get 24/7 support and free cards. Private, from $1M, gets a personal manager and custom BINs. Nobody gets a personal manager at $20,000 a month.

Top up: USDT, USDC and a very high wire floor

Topping up is the strong part of this product, and it is why it scores 8 out of 10 here. You send USDT on either TRC-20 or ERC-20, the minimum is $500, and the funds are credited in 1–3 minutes after confirmation. USDC is also supported per the starting data. If you are moving larger sums, a bank wire works from $5,000. The fee per tier is the commission table above; who pays the network fee is not stated.

Two things about the network choice, because getting this wrong is the classic way to lose money on a deposit. ERC-20 is the Ethereum token standard, proposed in November 2015, and its fees — gas — are paid only in ETH, so a wallet holding USDT but no ETH cannot send. TRC-20 runs on Tron, which prices transactions in bandwidth and energy rather than raw gas, often burning TRX. So the cheap network is usually the sensible one for a plain transfer, but it needs a little TRX to move.

And a caution specific to USDC: Circle stopped supporting USDC on Tron in February 2024, so “USDC over TRC20” is not a native option. If you intend to send USDC, you need to check which network the platform actually accepts for it right now, because sending USDC on a network the provider does not support can mean a lost deposit or a manual support recovery with no guarantee. Blockchain transfers are irreversible in general. The $500 minimum is the same number either way, and remember it is the amount the top-up commission is charged on.

Withdrawals work the other way: back to a USDT wallet, within 24 hours, with no amount limit stated, for a 1 per cent fee. The balance you get if you close the account is not stated — another thing to ask rather than assume.

Paying with it every day

Here is the honest problem with FBM for a personal user: it is virtual only, and the things people mean when they say “everyday card” are mostly physical or device-based.

• Wallets you can connect are not stated.
• Apple Pay, Google Pay and ATM access are not stated. With no physical card, ATM is a non-question; whether a virtual card can be provisioned into a mobile wallet depends on the issuer’s tokenisation support, which the platform does not describe.
• No cashback is mentioned.
• Rewards of any kind are not mentioned.

What you do get is a workable setup for someone living in a browser. There is no dedicated app; the browser dashboard is usable on phones. A Telegram bot handles 3-D Secure codes and alerts, which is genuinely more useful than it sounds — 3-D Secure is the identity step on online payments, and under the Visa brand it is called Visa Secure, under Mastercard Identity Check; having the code arrive in Telegram rather than an app you cannot install removes a real point of failure. There is an API at api.fbm.cards and CSV, Excel and Google Sheets export.

Two things a daily user would want and will not find. First, no self-custody: your balance is a custodial platform balance. Second, disputes are not stated. If a charge goes wrong and you raise it, the platform’s policy on chargebacks — a refund ordered by the issuer to settle a dispute, with reason codes such as fraud, duplicate billing or goods not received — is simply not described. In the US, debit card reversal rights come from Regulation E and credit card rights from Regulation Z, and prepaid-card coverage varies and should not be assumed. FBM cards are described in Credit, Debit and Corporate types; whichever applies to your card, you should not assume the protection you have with a mainstream bank card carries over.

What can go wrong

Let me put the good news first, because there is some. I found no official incident involving the platform. Searches turned up no Trustpilot page for fbm.cards and no Reddit page, either — as of the search run on 2026-10-21 there was nothing to read. The site itself claims a TrustScore of 5 from 215 reviews, which is unverified, and I would treat it as a marketing claim rather than evidence.

The company facts are these: the address is Unit 1903, 19/F, Tower 2, Lippo Centre, 89 Queensway, Admiralty, Hong Kong. The site says it has operated since 2024. No issuer is named — no bank, no e-money institution — which is the single most important gap on this page, because in this industry the issuer is the entity that actually holds the card programme and owes you the money. The network routes messages and sets rules; the issuer holds the programme; the crypto brand is often only a programme manager or front-end. When something goes wrong, the party you need is the one that is not named here. There is also no statement of company news, and support runs through a Telegram contact, with 24/7 cover only on Pro and above and Private.

The security claims on the page: client funds are held in segregated accounts and transactions are monitored in real time, with per-card limits. Segregation is the right word to hear, and it is not the same thing as a bank deposit. Electronic money institutions must safeguard customer funds by segregating them or insuring them, but such funds are not the same as bank deposits and may not be covered by a deposit guarantee scheme. Ask what the segregation means concretely, at which institution, and under what licence.

The counterparty risk is real and it is structural. Custodial platforms have a history: Mt. Gox (about US$350 million reported stolen, 2011–2014), Coincheck (about US$400 million, 2018), Ronin Network (US$625 million, 2022). Holding funds with a custodian carries both hack risk and counterparty risk. And stablecoins are not risk-free instruments. Tether’s USDT and Circle’s USDC are dollar-pegged and the BIS put about 90 per cent of stablecoin market capitalisation in these two, but “despite the name, stablecoins are not necessarily stable”: TerraUSD collapsed in May 2022 and USDC temporarily lost its peg in March 2023 during the US banking crisis. A depeg turns your balance into a different amount than the number on screen.

Nor are stablecoins censorship-proof. Tether says it disables tokens in wallets on the OFAC sanctions list and has frozen funds tied to illicit activity. That cuts both ways — it is a reason a platform may freeze your funds, too.

On acceptance, expect the ordinary frictions of a foreign BIN. A card number starts with a 6- or 8-digit issuer identification number that merchants can look up, revealing the issuing institution and country. A shop may apply extra scrutiny when the issuer country differs from the billing address, and some merchants decline prepaid or foreign BINs outright precisely because the lookup reveals the type. Address Verification, which compares the numeric parts of your billing address with issuer records, is mainly offered in the US, Canada and the UK and is generally unavailable for foreign-issued cards — a common cause of declines. Merchant category codes can also be blocked by issuer policy rather than law: MCC 7995 covers gambling, and the blocked list varies by issuer. And a declined authorisation can leave a hold on your funds for several days, typically up to seven.

Finally, the category history is a caution, not a prediction. Visa and Mastercard do not issue crypto cards to consumers themselves; they license issuers and can suspend a programme. In November 2022 Visa said it had “terminated our global agreements with FTX”, and the FTX US debit card programme was wound down by its issuer. In 2018 WaveCrest, a Visa issuer that supplied crypto card brands, was suspended by Visa in Europe, closing all WaveCrest-issued Visa programmes. Closures follow a pattern: a notice period, then loading and spending stop, then you are asked to withdraw your balance. One 2026 closure reported by a secondary source had new loads ending 8 July 2026 and spending stopping 8 August 2026 — a single source, unconfirmed, but it shows the shape of what a closure looks like for the person holding the card.

I want to add the tax point as a fact, not advice. In the US the IRS treats digital assets as property, so exchanging them for goods, services or dollars generally produces a taxable gain or loss, measured in local fiat currency at fair market value on the date of the transaction — meaning each card payment funded from crypto may be a separate disposal. Whether that applies to you, and how, is a question for a professional, not for me.

What to take instead

I compared FBM against three other cards in the same category. None of them is dramatically better on the facts I could read; the differences are in what they are for.

Read across the columns and you see why FBM is hard to recommend to an individual. CardFlow gives you a virtual USD Mastercard in about 3 minutes for free, which beats FBM on the two things a single person cares about — the price of the card and the deposit floor. Cardex offers a physical card alongside virtual ones and claims conversion at the moment of payment across four networks, though its Naira focus and unstated fee percentage make it a poor comparison for many readers. HyperCard, on the published facts, costs nothing stated and takes small crypto deposits, which beats FBM’s $500 floor — but it tells you almost nothing about fees.

None of these is a bank. That is the category, and it is worth understanding why. The cards work like this: crypto is converted and loaded as a fiat balance, and the card spends only that balance, so it cannot overdraw. Behind that sit three parties — the network, the issuer, and often a brand that is only the front end. In the EU, an electronic money institution can issue e-money and payment cards but cannot lend. And regulation now runs on two tracks: MiCA, the EU’s markets-in-crypto-assets regulation, took legal effect in June 2023, with its rules on asset-referenced tokens and stablecoins applying from 30 June 2024 and the remaining provisions, including crypto-asset service provider rules, from 30 December 2024; under it, e-money tokens may be issued only by a credit institution or an electronic money institution. A card is a payment service regulated separately, so a crypto card often depends on two licences at once. MiCA’s transitional period lets providers already operating under national law continue only until 1 July 2026 or until they receive or are refused authorisation, whichever comes first. ESMA keeps an interim register of authorised providers, white papers and non-compliant entities — a check worth making.

Who I would recommend it to

I would recommend FBM to a specific person: someone who runs many virtual cards, funds them from a USDT balance, and can absorb a 4.5 per cent top-up commission because the alternative — card issuing and payment-rail fees — costs more. On volume tiers, the product makes sense. A team issuing cards per employee, per client or per project, wanting USD-denominated card numbers from BINs across several countries, with per-card spending limits and a Google Sheets export, is the use case this was built for. At Pro and above you get free cards and 24/7 support; at Private, from $1M, a personal manager and custom BINs.

I would not recommend it to someone who wants one card for daily life. No physical card, no stated mobile wallet support, no stated ATM, no rewards, a $500 minimum to open and a 1 per cent fee to leave, an unstated dispute policy, an unnamed issuer, and a business-shaped fee schedule you pay in full on your first month. If your goal is simply to spend what you hold, a virtual USD card that is free to create with a low deposit floor — CardFlow’s published facts, for instance — is simply a better fit, and its country focus is at least stated rather than absent.

And for the reader who came here because an ordinary bank card is out of reach: I understand the search, and FBM may genuinely be one of the few doors left open. Just take the questions with you. Who is the issuer, and under whose licence? What exactly does “segregated accounts” mean, at which institution? What are the KYC documents, and what happens to your balance if the programme closes? What is the dispute process? Which networks do you actually support for USDC today? Those are not hostile questions; they are the questions the public pages do not answer, and a platform that cannot answer them is telling you something.

Frequently asked questions

What is the FBM card?

FBM is a virtual-card platform rather than a single card product. It issues Mastercard and Visa cards in Credit, Debit and Corporate types, from more than ten BINs in Hong Kong, the US, Singapore, Colombia and elsewhere, in USD. Cards are issued instantly and there is no limit on how many you hold. The model is custodial: you load a balance, the balance becomes spending power.

How does the FBM card work?

You top up with USDT or USDC, the platform converts and holds the balance, and each card spends from it. Because the card draws on a stored balance rather than a bank account, it cannot overdraw. You set the spending limit per card yourself — the site’s example is $1,000 per card with daily and monthly limits — and platform-level limits are not stated.

Is FBM a bank?

Not on the evidence available. The company address given is Unit 1903, 19/F, Tower 2, Lippo Centre, 89 Queensway, Admiralty, Hong Kong, and it says it has operated since 2024. No issuer is named anywhere on the public pages. In this category the issuer — a bank or licensed e-money institution — is the entity that actually holds the card programme, so its absence is a real gap.

Who can get an FBM card?

The card’s public pages do not name any country, and say only that full KYC applies to all clients. Documents required, proof of address, an age test and any verification tiers are not stated. Prepaid and debit cards are generally for adults aged 18 and up. If your country or citizenship is unusual for financial services, ask the platform’s Telegram contact before you commit money.

What does it cost to get an FBM card?

Cards are $2 each on the Start, Basic and Advanced tiers, and free on Pro and above. The FAQ says “$0–3” and elsewhere the site says “from $3 to $0”, which is inconsistent. There are no transaction fees and no decline fees. The real cost is the top-up commission: 4.5 per cent monthly volume on Start, falling to 2.5 per cent on Elite and from 2 per cent on Private.

How do I top up the FBM card?

With USDT on either TRC-20 or ERC-20, with a $500 minimum, credited in 1–3 minutes after confirmation. USDC is also supported per the starting data. A bank wire works from $5,000. Who pays the network fee is not stated. Check which network is accepted for USDC before sending: Circle stopped supporting USDC on Tron in February 2024, and a transfer on an unsupported network can be lost.

Can I use the FBM card in my country?

That depends on where you are, and the platform does not say. Acceptance is usually broad because the card is virtual and can be provisioned where tokenisation is supported, but the merchant may see a BIN from Hong Kong, the US, Singapore or Colombia and apply extra scrutiny. Address Verification is mainly offered in the US, Canada and the UK and is generally unavailable for foreign-issued cards, which is a common cause of declines.

Is the FBM card safe?

I can tell you what is claimed and what I found, not promise you safety. The page says client funds are held in segregated accounts and transactions are monitored in real time, with per-card limits — but segregated funds are not the same as bank deposits and may not be covered by a deposit guarantee scheme. I found no official incident and no Trustpilot or Reddit page for the site as of the search run on 2026-10-21; the 5 TrustScore from 215 reviews claimed on the site is unverified. The balance is custodial, which carries counterparty and hack risk.

Can I add the FBM card to Apple Wallet or Google Pay?

Not stated, and I would not assume it. Apple Pay works by replacing the card number with a device-specific Device Account Number held in the phone’s Secure Element, and that requires the issuer to support tokenisation for the card. The platform describes virtual cards only, with no dedicated app, and does not mention mobile wallets. Its Telegram bot does handle 3-D Secure codes and alerts, which is the part of online payment that most needs to work.

Is the FBM card worth it?

For a team issuing many virtual cards from a USDT balance, the no-transaction-fee pricing and instant issuance of unlimited cards can justify the volume-tier commission. For one person spending day to day, it is harder: a $500 minimum, a 4.5 per cent commission at low volume, a 1 per cent withdrawal fee, an unnamed issuer and an unstated dispute policy. On the published facts, a free virtual USD card with a lower deposit floor suits a personal user better.

Content created by the «cryptocardtested» team