A Practical Guide to Cryptocurrency Payment Cards: KYC and Fees—Everything You Need to Know
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A Practical Guide to Cryptocurrency Payment Cards: KYC and Fees—Everything You Need to Know
There is no perfect card, only smarter card users.
Navigating Web3 tides with focused insights
Previously, in our article "The Business Behind the Crypto Payment Card Frenzy," we analyzed the current wave of crypto payment card issuance and the underlying business models.
However, for ordinary users, choosing a suitable crypto payment card may be a more pressing concern.
Where can you find these cards? What factors should you consider when selecting one? And what options are currently available?
To address these questions, we’ve decided to conduct research and compile an overview of the crypto payment cards currently available on the market.
Although many similar introductory articles exist, our primary focus is usability:
Specifically, whether a card is KYC-friendly for users, filtering only those crypto payment cards that are easy for Chinese-speaking or Asia-Pacific region users (such as Hong Kong and Singapore) to register.
On this basis, we comprehensively investigate and compare each card’s application requirements, fees, rewards, supported cryptocurrencies, app functionality, and more—providing reference points for individual users’ decision-making while saving them time searching for information.
Note: All products carry risks. Please do your own research before using any service.
Additionally, this article contains no commercial promotion—read with confidence. The cards listed below are arranged alphabetically by English name. Information is compiled from official sources as of early November.
Given the fast-changing nature of card rules and operations, inaccuracies may occur; corrections and updates are welcome.
1. BasedApp Card
BasedApp Card is a non-custodial crypto debit card launched in Singapore and across Asia. Singapore residents can seamlessly spend their cryptocurrency.
Physical cards are available, but due to local regulations, ATM withdrawals are not allowed. However, point-of-sale spending is supported (the official Twitter demonstrated using the physical card to pass through subway gates).
The card essentially converts crypto assets into XSGD (a regulated Singapore dollar-pegged stablecoin), which is then spent via the card.
Card Type: Prepaid virtual and physical cards, supporting Visa.
X (formerly Twitter) Followers: ~1,800
Official Website: https://basedapp.io/
App Availability: Available on both Android and iOS via Google Play and Apple App Store. Requires use alongside PP; the app handles crypto conversion.
KYC Requirements:
-
Available to individuals residing in Singapore (Singapore citizens, permanent residents, or those holding valid work visas/licenses).
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The company plans to gradually expand availability to other countries.
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Integrated with Singpass (Singapore’s government digital identity system, enabling access to all government online services with one ID and password).
Fees:
*Recharge fee: Refers to the rate charged when converting tokens into fiat currency and depositing it onto the card (this definition applies throughout the rest of the article).
Since this card spends XSGD on Polygon, users must convert their Polygon-based assets into XSGD. Conversion incurs standard blockchain gas fees.
Rewards:
-
Eligible cardholders receive 1% cashback on purchases.
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Points rewards for spending, redeemable for other services.
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Referral bonus: Up to SGD 75 for successful referrals.
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Built-in DeFi savings within the app allow crypto holdings to earn yield.
Supported Cryptocurrencies & Use Cases:
Customer Support:
-
Email support available.
-
In-app feedback option.
2. Dupay
Formerly known as Depay, now rebranded as Dupay—a relatively early player in the crypto payment card space.
Card Type: Prepaid virtual cards, supporting Visa and Mastercard.
X (formerly Twitter) Followers: ~3,000
Official Website: https://dupay.one/zh-cn/index.html
App Availability: Android app available via Google Play.
KYC Requirements:
-
Accepts mainland Chinese ID + mainland mobile number for KYC.
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Facial recognition required.
Fees:
*Recharge fee: Rate applied when converting tokens into fiat and loading funds onto the card.
Rewards:
-
No cashback or purchase rewards currently offered.
-
Referral commission program: Invite 20 users to unlock a black elite card.
Supported Cryptocurrencies & Use Cases:
Customer Support:
-
Email support available.
-
Real-time communication via Telegram group.
3. FomePay
Commonly recommended in YouTube videos. According to its website, parent company FOME LIMITED is headquartered in Hong Kong and holds a U.S. MSB license and a Hong Kong MSO license.
Offers diverse card products, appearing more like a virtual card reseller. Provides both B2B cross-border enterprise services and B2C card offerings, not limited to the crypto sector.
Card Type: Prepaid virtual cards, supporting Visa and Mastercard.
X Followers: No public account
Official Website: https://www.fomepay.com/
App Availability: Android app downloadable via official site link.
KYC Requirements:
-
No KYC required; accepts mainland mobile number + mainland email for registration.
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Convenience comes with potential risk—DYOR.
Fees:
Rewards:
-
Currently no cashback or purchase rewards.
Supported Cryptocurrencies & Use Cases:
Customer Support:
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Website live chat support.
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WeChat-based mobile customer service.
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Real-time communication via Telegram group.
4. Hopecard
Hopecard originates from the well-known decentralized stablecoin project Hope.Money, founded by former employees of Beibao Financial.
Card Type: Prepaid virtual card, supports Visa. Physical cards planned for future release.
X (formerly Twitter) Followers: ~34,000 (Hope.Money main account)
Official Website: https://hopecard.io/ (some users report IP blocking issues and restricted access—awaiting resolution from the team)
App Availability: None
KYC Requirements:
-
Accepts mainland Chinese ID + mainland mobile number for KYC.
Fees:
*Note: Minimum initial top-up is 10 USDT. International transaction fees vary based on location.
Fee structures appear identical across tiers. Differences lie in reward mechanisms, detailed below.
Rewards:
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Purchase rebate rewards.
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Referral commission rewards.
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Rewards converted into $LT, the native token of the Hope.Money project.
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Holding $LT or veLT in the linked wallet unlocks additional benefits.
Supported Cryptocurrencies & Use Cases:
Customer Support:
-
Email support available.
5. Hyperpay
A well-known crypto payment card provider. Offers a user-friendly Chinese interface, built-in token exchange and stablecoin lending services, and has its own native token—making it a comprehensive platform.
Hyperpay also offers multiple card types with varying prefixes, regions, and fee structures—making it one of the most complex among the cards covered here.
Here, we’ll focus on its USD-denominated virtual card. For other variants, refer to official documentation.
Card Type: Prepaid virtual cards supporting Visa/Mastercard. Physical cards available, though not accessible to mainland users.
X (formerly Twitter) Followers: ~140,000
Official Website: https://www.hyperpay.cc/card/?lang=zh-cn
App Availability: Supported on both Android and iOS.
KYC Requirements:
-
Accepts mainland Chinese ID.
-
Facial recognition required.
Fees:
Due to multiple card prefixes, Hyperpay’s fee structure is highly variable. The above reflects fees for the PH493 prefix USD virtual card.
For full details: https://card.hyperpay.io/
Rewards:
Includes cashback and referral commissions:
-
Five VIP Tiers: Bronze, Silver, Gold, Platinum, Diamond. Example shown is Bronze (lowest tier).
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Registration Bonus: 10%.
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Deposit Fee Rebate: 5%.
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Account Balance APY: 2%.
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First-tier Referral Commission: 10%.
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Second-tier Referral Commission: 1%.
*Note: Percentages apply to either deposit amounts or referrer’s spending volume.
Additionally, holding a certain amount of the platform’s $HW5 token grants proportional cashback. Given various transaction and cross-border fees, holding $HW5 helps offset costs. Without holding $HW5, overall costs are relatively high.
Supported Cryptocurrencies & Use Cases:
Customer Support:
-
Email support available.
6. Letspay
A Hong Kong-based crypto payment card provider. Though official information is limited, it stands out for offering chip-enabled physical cards usable at ATMs and POS terminals. Has gained some traction on X.
Card Type: Prepaid virtual and physical cards, supporting Visa and Mastercard.
X (formerly Twitter) Followers: ~120
Official Website: https://www.letspay.cc/#Questions
App Availability: Available on Android and iOS via APK or TestFlight.
KYC Requirements:
-
Accepts mainland Chinese ID for KYC.
-
Low-tier virtual cards do not require KYC.
Fees:
Physical cards also involve ATM withdrawal rules. Influencer Bigli (@bigli1991) previously shared a detailed summary (see image below).
However, due to rapidly changing market conditions, always refer to the latest rules in the official Telegram group to avoid outdated information. For example, at publication time, the TG group announced a temporary suspension of physical card issuance:
Rewards:
-
No recent updates available.
Supported Cryptocurrencies & Use Cases:
Full usage rules at time of publication:
Customer Support:
-
Real-time communication via Telegram group.
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In-app customer service.
7. One Key
Onekey Card is backed by the well-known hardware wallet brand Onekey. Since October, registration for mainland users has been paused, with no confirmed reopening date—though users may monitor updates.
Card Type: Prepaid virtual card, supports Visa.
X (formerly Twitter) Followers: ~50,000
Official Website: https://onekey.cards/about
App Availability: None
KYC Requirements:
-
Accepts mainland Chinese ID + email for KYC.
-
Facial recognition required.
Fees:
Currency conversion fees range from 0.3% to 1.25% for foreign transactions.
Rewards:
-
Referral commission: A percentage of the invitee’s recharge fee is credited to the inviter’s account based on their membership level.
Supported Cryptocurrencies & Use Cases:
Customer Support:
-
Email support available.
-
Real-time communication via Telegram group.
8. PokePay:
A new crypto payment card platform. Official Twitter claims U.S. MSB and Hong Kong MSO licenses. The website appears basic with limited information, but the Telegram group has a relatively large membership and KYC is straightforward.
Card Type: Prepaid virtual cards, supporting Visa and Mastercard.
X Followers: ~190
Official Website: https://pokepay.cc/
App Availability: Available on both Android and iOS.
KYC Requirements:
-
Accepts mainland mobile number or email for registration.
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Supports ID-based KYC.
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No facial recognition or proof of residence required.
Fees:
Multiple card types and prefixes. Here we use the lowest-fee Mastercard Premium card (prefix 556150) as an example:
Other prefixes have similar rates. Full breakdown:
Rewards:
-
Referral commission program, details below:
Supported Cryptocurrencies & Use Cases:
Customer Support:
-
Email support available.
-
Real-time communication via Telegram group.
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WeChat customer service and official WeChat account support.
9. Redot Pay
RedotPay is a Hong Kong-based blockchain technology company focused on crypto wallets and payment solutions, operating as a VISA-authorized platform with a U.S. MSB license.
User digital assets are held in custody by independent, licensed Trust or Company Service Providers (TCSP) in Hong Kong. Crypto assets transferred into RedotPay accounts are stored in cold wallets.
Notably, RedotPay offers physical cards and supports both HKD and USD—ideal for Hong Kong residents and IDs.
Card Type: Prepaid virtual and physical cards, supports Visa.
X Followers: ~4,800 (Chinese-language account)
Official Website: https://www.redotpay.com/zh/personal/card/
App Availability: Available on both Android and iOS.
KYC Requirements:
-
Supports Hong Kong ID. Some users report success registering with mainland passport.
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Facial recognition and proof of address required.
Fees:
Rewards:
-
Offers referral commissions and prize draws.
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