Bing Card
Visa + MastercardcustodialKYC: none
2.5 / 5
Net Reward0.0
Availability3.5
Custody & Risk2.0
Features3.0
UX3.4
Bing Card is a crypto-funded prepaid debit card available in both virtual (Visa/Mastercard) and physical (Visa Platinum) formats. Designed for privacy-conscious users, digital nomads, and businesses, it allows spending of BTC, ETH, USDT, or USDC at merchants worldwide without the need for traditional banking.
Apply
Slug: bing-card
Our Verdict
Privacy-conscious individuals who prefer minimal KYC requirements, digital nomads needing cross-border payment solutions, crypto investors wanting to spend holdings without exchange conversion, and businesses utilizing cryptocurrency for operational expenses
Pros and cons
Pros
- No KYC for virtual cards - Rare in the crypto card market
- High spending limits - Up to $200,000 monthly without identity verification
- Zero crypto-to-fiat conversion fees - No markup when converting crypto to USD/HKD
- No staking requirements - Unlike competitors requiring token staking for better tiers
- Wide merchant acceptance - Works with services that often reject crypto cards
- Low deposit fees - 1% across all tiers (down from previous 2%)
- Competitive withdrawal fees - As low as 0.5% for Virtual Star tier
- Mobile wallet support - Apple Pay and Google Pay rolling out
- Fiat withdrawal option - Can withdraw funds as fiat (though not back to crypto)
Cons
- Not available in the US - Explicitly excludes US persons and residents
- No rewards program - No cashback or other incentives
- Unfavorable exchange rate - 0.956 rate when converting USDC to USD (4.4% loss)
- No conversion back to crypto - Funds cannot be converted back once loaded onto card
- Inconsistent fee disclosures - Card pages and pricing table show conflicting information
- Third-party risk warnings - Security scanners flag site as potentially high-risk
- Risk of account freezing - Multiple conditions can trigger account restrictions
- Mixed user experiences - Reports of funds issues and support delays
- Limited cryptocurrency support - Only four major cryptocurrencies accepted
- Monthly fee on entry tier - Virtual Exclusive charges $1/month maintenance fee
Supported chains
BaseBitcoinEthereum
Supported cryptos
BTCETHUSDCUSDT
Fees
Monthly: See card_tiers ($0-$1 depending on tier)
Issuance: See card_tiers ($25-$168 depending on tier)
Crypto To Fiat: 0% (but 0.956 exchange rate for USDC to USD = ~4.4% loss)
Fiat Withdrawal: See card_tiers (0.5%-2.5% depending on tier)
Purchase Transaction: 1% for transactions below $10
Key Features
- Virtual cards with no ID verification and high spending limits ($100K-$200K monthly)
- Low crypto-to-fiat conversion fees when spending
- Supports both Visa and Mastercard networks for virtual cards
- Physical Platinum Visa card option with global shipping
- Accepts BTC, ETH, USDT, and USDC for funding
- Can be linked to PayPal, WeChat Pay, and Alipay
- Apple Pay and Google Pay support rolling out
- No staking requirements for any card tier
- Wide merchant acceptance including Google Ads, Facebook Ads, AWS, ChatGPT, Netflix
- Business account option available
Limitations
- Not available to US persons or residents
- No cashback or rewards program
- Unfavorable exchange rate (0.956) from USDC to USD - approximately 4.4% loss
- Funds cannot be converted back to crypto after exchange to USD (but can be withdrawn as fiat)
- Inconsistent fee disclosures between card pages and pricing table
- Physical card requires full KYC and has $168 issuance fee
- 1% deposit fee across all tiers
- Monthly fee on entry tier (Virtual Exclusive charges $1/month)
- Limited cryptocurrency support - only four major cryptocurrencies accepted
- Card may be frozen if failed transactions exceed 25% of total transactions
- Card inactivity for more than 30 days may trigger account restrictions
Risks
- SecurityThird-party risk scanners flag bingcard.com as potentially high-riskIndependent security scanners like Scamadviser now flag bingcard.com as potentially high-risk, advising extreme caution when using the service
- CounterpartyMixed user experiences with reports of funds issues and support delaysReports of funds 'disappearing' during conversion, slow support response times, account access issues, funds not appearing on card after deposit, difficulty withdrawing funds, card issuance failures despite fee being charged
- CounterpartyNo deposit insurance for crypto or fiat balancesNo explicit insurance coverage mentioned for crypto deposits. No FDIC or similar deposit insurance for fiat balances.
- MarketAccount freezing risk under multiple conditionsCard may be frozen or canceled under risk conditions including: failed transactions exceeding 25%, high consecutive failed transactions, usage with high-risk services, high refund transactions, card inactivity for more than 30 days
- RegulatoryRegulatory uncertainty for minimal KYC servicesAs cryptocurrency regulations continue to evolve globally, services like Bing Card that offer minimal KYC options may face increased scrutiny. Regulatory changes could impact service availability or features in the future.
- CounterpartyRelatively young company with limited track recordService launched in late 2021/2022; the relatively young age of the company suggests elevated risk
Rewards & Cashback
Notes: No rewards program. No staking requirements. No referral program. Card focuses on utility rather than rewards.
Cashback Rate: None - No cashback rewards on purchases
Spending Limits
Notes: Daily spending limits not officially disclosed; users should contact support for large transactions. Minimum initial balance required: $26 for Exclusive, $41 for Star
Atm Daily: Not officially disclosed
Atm Monthly: Not officially disclosed
Daily Spending: Not officially disclosed
Monthly Spending: See card_tiers ($100,000-$200,000 for virtual; ~$128,000 for physical)
Top-Up Methods
BTCETHUSDTUSDC
Min Amount: $10 (virtual cards); 1 HKD (physical card)
Processing Time: Crypto deposits typically reflect on card balance within 2-3 minutes after confirmation
Security Features
Features: Advanced encryption for data protection,Fraud detection systems,3D Secure for online payments,PIN protection for physical card,Account recovery via SMS verification,Transaction records maintained for at least 5 years
Insurance: No explicit insurance coverage mentioned for crypto deposits. No FDIC or similar deposit insurance for fiat balances.
Mobile Wallet Support
Apple PayGoogle PayiOSAndroid
Best For
Privacy-conscious individuals who prefer minimal KYC requirements, digital nomads needing cross-border payment solutions, crypto investors wanting to spend holdings without exchange conversion, and businesses utilizing cryptocurrency for operational expenses
Custody Model
custodialPlatform holds all user funds after crypto is loaded. Crypto is converted to fiat and held by provider; users do not control private keys. Custody transfers to provider at deposit.
Risk: No way to convert back to crypto. If provider disappears, users lose access to unspent balances. No explicit insurance coverage mentioned for crypto deposits. No FDIC or similar deposit insurance for fiat balances.
Card Issuer & Compliance
Notes: Virtual cards require no KYC. Physical Platinum card requires full KYC (Government-issued ID and proof of address). Crypto services outside Canada handled by Second February Ltd. (Seychelles). Physical cards issued through a Hong Kong banking partner.
Issuer Name: Queensland Foreign Exchange Inc.
Kyc Required: false
Issuer License: Registered with FINTRAC Canada as MSB No. M23153297
Platform Licenses: FINTRAC Canada MSB No. M23153297
Availability
Available in 87 countries. Restricted in 28 countries. Most countries worldwide except US, sanctioned, and high-risk regions. Key regions missing: United States, United Kingdom, Germany, France, Italy.
Card Tiers
Virtual Exclusive
Virtual onlyVirtual only
No ID verification required
Fees
Issuance: $25 (one-time)
Top-up: 1%
Monthly: $1
Monthly Limit: $100,000
VisaMastercardApple PayGoogle Pay
Instant digital issuance (5 min)3-year validityNo KYC requiredCan link to PayPal, WeChat Pay, Alipay
Virtual Star
Virtual onlyVirtual only
No ID verification required
Fees
Issuance: $40 (one-time)
Top-up: 1%
Monthly: $0
Monthly Limit: $200,000
VisaMastercardApple PayGoogle Pay
Instant digital issuance (5 min)3-year validityNo KYC requiredHighest spending limitLowest withdrawal feeCan link to PayPal, WeChat Pay, Alipay
Physical Platinum
PhysicalPhysical Visa Platinum (embossed)
Full KYC required (Government-issued ID and proof of address)
Fees
Issuance: $168 (one-time)
Top-up: 1%
Monthly: $0
Monthly Limit: HKD 1,000,000 (~$128,000)
VisaApple PayGoogle Pay
Shipped globally (~25 business days)3-year validityIn-person paymentsATM accessCan link to PayPal, WeChat Pay, Alipay
Merchant Restrictions
Automated fuel pump transactions- May not be supported
Mail-order/telephone-order payments- Might be restricted
Hotel or car rental reservations- Some prepaid card limitations apply
Financial services- High-risk services may trigger account security measures
Gambling- High-risk services may trigger account security measures
User Ratings
3.4/5.0 (43 ratings)
Trustpilot
Mixed user experiences - positive reports of easy setup and instant issuance, but also reports of funds issues, support delays, and third-party security warnings
Roadmap & Updates
Planned Features:
- Apple Pay and Google Pay support (rolling out)
Recent Updates:
- Physical Platinum card launched in early 2024
- Deposit fee reduced from 2% to 1%
Conclusion
Bing Card offers a distinctive approach in the crypto card market by providing high-limit virtual cards without identity verification requirements. This sets it apart from most competitors who typically require KYC for all card tiers or impose low limits on no-KYC options. The zero crypto-to-fiat conversion fee policy and absence of staking requirements further differentiate the service, making it accessible to crypto users without requiring them to hold specific tokens. However, prospective users should approach with significant caution. The mixed user experiences, third-party security warnings, inconsistent fee disclosures between official pages, and the relatively young age of the company all suggest elevated risk. The lack of deposit insurance and reports of operational issues indicate that Bing Card should be used as a spending conduit rather than a long-term store of value. Starting with small amounts to test the service before committing significant funds is strongly advisable.
Card launched: Late 2021/2022; Physical Platinum card launched in
Related cards
Ether.Fi Cash Card
4.5
VisahybridKYC Required
Details of Ether.Fi Cash Card crypto card including cashback rewards, fees, staking requirements, and review. Compare with other cryptocurrency cards.
Networks
BaseEthereumGnosisScroll
Ready Card
4.5
Mastercardself-custodialKYC Required
Details of Ready Card crypto card including cashback rewards, fees, staking requirements, and review. Compare with other cryptocurrency cards.
Networks
BaseBitcoinEthereum
Crypto.com Card
4.0
Visa + MastercardcustodialKYC Required
Details of Crypto.com Card crypto card including cashback rewards, fees, staking requirements, and review. Compare with other cryptocurrency cards.
Gemini Credit Card
4.0
MastercardcustodialKYC Required
Details of Gemini Credit Card crypto card including cashback rewards, fees, staking requirements, and review. Compare with other cryptocurrency cards.
Networks
BitcoinEthereumSolana