Kazepay Card
VisacustodialKYC: none
2.5 / 5
Net Reward0.0
Availability4.5
Custody & Risk2.0
Features4.0
KazePay is a prepaid Visa crypto card that converts major stablecoins (USDT and USDC) to fiat for spending at over 150 million merchants worldwide. The platform offers Silver and Gold virtual cards for online transactions and physical cards with KYC verification for in-person payments and ATM withdrawals.
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Slug: kazepay-card
Our Verdict
Digital nomads, freelancers paid in stablecoins, and crypto enthusiasts who want instant crypto-to-fiat conversion without staking requirements. Also suitable for privacy-conscious users who prefer minimal KYC for virtual card usage.
Pros and cons
Pros
- Multiple virtual card tiers (Silver/Gold) under one account for budgeting and security
- Zero transaction fees on purchases with real-time crypto-to-fiat conversion
- Broad global acceptance in 210+ countries
- No proprietary token staking requirements
- Wide blockchain network support (BSC, Solana, Tron, Base, Arbitrum, Aptos, Avalanche)
- Virtual cards available without KYC
Cons
- Stablecoin-only funding (USDT/USDC) - no Bitcoin or Ethereum support
- Recharge fees: 1.8-2.2% (virtual), 2% (physical)
- ATM withdrawal fees: 2% + $1 minimum + operator fees
- Virtual card refunds not guaranteed
- Card balances cannot be withdrawn on-chain or transferred to other users
- No cashback rewards despite marketing materials suggesting otherwise
- Physical cards require KYC verification
- No direct fiat on-ramp (must deposit crypto from external source)
- Lacks premium perks offered by more established competitors
- iOS app limited to US region (non-US users must use web app)
- Potential shipping delays for physical cards in some regions
Supported chains
ArbitrumAvalancheBaseBitcoinEthereumSolanaTRON
Supported cryptos
BTCETHUSDCUSDT
Fees
Monthly: No monthly or annual fee for virtual cards; possible small maintenance fee for physical cards (details vary)
Issuance: Issuance fees apply (vary by card type/bank)
Crypto To Fiat: Included in recharge fee (1.8-2.2% virtual, 2% physical)
Crypto Withdrawal: Not supported (card balances cannot be withdrawn on-chain)
Purchase Transaction: None (zero transaction fees from KazePay)
Stablecoin Withdrawal: Not supported (card balances cannot be withdrawn on-chain)
Key Features
- Virtual cards (Silver and Gold tiers) and KYC-verified physical cards
- Stablecoin-only funding (USDT and USDC)
- Supports 210+ countries worldwide
- Compatible with Apple Pay and Google Pay
- Multiple virtual cards under one account for budgeting
- No proprietary token staking required
- Broad cryptocurrency network support (BSC, Solana, Tron, Base, Arbitrum, Aptos, Avalanche)
- Instant conversion at point of sale
- Zero transaction fees on purchases
- Physical cards valid 5 years with global ATM and POS access
Limitations
- Stablecoin-only funding (USDT/USDC) - no Bitcoin or Ethereum support
- Card balances cannot be withdrawn on-chain or transferred to other users
- Virtual card refunds not guaranteed according to official FAQ
- No cashback rewards despite marketing materials suggesting otherwise
- Physical cards require KYC verification
- No direct fiat on-ramp (must deposit crypto from external source)
- Recharge fees: 1.8-2.2% (virtual), 2% (physical)
- ATM withdrawal fees: 2% + $1 minimum + operator fees
- Virtual cards cannot be used at ATMs (online transactions only)
- iOS app limited to US region (non-US users must use web app)
- Lacks premium perks offered by more established competitors
- Potential shipping delays for physical cards in some regions
- Crypto balances don't earn interest
- No deposit insurance equivalent to traditional banks (like FDIC)
Risks
- CounterpartyCustodial model means if provider disappears, card balances are inaccessible and cannot be withdrawn on-chainPlatform holds all user crypto after deposit; users do not control private keys
- CounterpartyNo deposit insurance equivalent to what traditional banks offerThere's no deposit insurance equivalent to what traditional banks offer (like FDIC or similar)
- RegulatoryService terms could change due to evolving crypto regulationsThe evolving nature of crypto regulation means that service terms could change over time
- MarketDiscrepancy between marketing materials and actual features (cashback claims vs reality)Despite marketing materials suggesting cashback rewards, official representatives confirmed they do not currently offer any cashback program
Rewards & Cashback
Notes: Despite marketing materials suggesting 5% cashback rewards, official representatives in the KazePay Telegram channel have confirmed they do not currently offer any cashback program.
Cashback Rate: None - official representatives confirmed no cashback program exists despite marketing materials
Interest On Balance: Crypto balances don't earn interest
Spending Limits
Notes: Virtual cards have lower limits sufficient for everyday purchases. Physical cards have higher limits similar to traditional debit cards.
Atm Daily: Daily limits apply for physical cards (exact figures not published)
Daily Spending: Lower limits for virtual cards; higher limits for physical cards (exact figures not published)
Top-Up Methods
Crypto (USDT/USDC from external wallet)
Processing Time: Instant conversion at point of sale
Security Features
Features: Multi-Factor Authentication (MFA),Biometric authentication (fingerprint/Face ID),Real-time transaction notifications,Card freeze/unfreeze functionality,Know Your Transaction (KYT) monitoring
Custody Partners: SlowMist (wallet address risk assessment),Licensed banking partners for fiat handling
Mobile Wallet Support
Apple PayGoogle PayiOS (US region only)AndroidWeb App (global)
Best For
Digital nomads, freelancers paid in stablecoins, and crypto enthusiasts who want instant crypto-to-fiat conversion without staking requirements. Also suitable for privacy-conscious users who prefer minimal KYC for virtual card usage.
Custody Model
custodialPlatform holds all user crypto after deposit; users do not control private keys. Custody transfers to provider when stablecoins are loaded onto the card.
Risk: If provider disappears, card balances are inaccessible and cannot be withdrawn on-chain. Card balances cannot be withdrawn on-chain or transferred to other users.
Card Issuer & Compliance
Issuer Name: METABANK INC (KazeFi), partnering with licensed financial institutions
Kyc Required: false
Issuer License: U.S. registered Money Service Business (MSB) with FinCEN under Company No. 20231581273
Platform Licenses: FinCEN MSB Registration (Company No. 20231581273),Hong Kong operations under INFI TECH (Company No. 75447118),EU 5AMLD/6AMLD compliant
Availability
Available in 210+ countries worldwide (171 confirmed available). Restricted in OFAC-sanctioned regions including North Korea, Iran, Syria, Cuba, Crimea, Russia, and Mainland China. iOS app US-only, web app global.
Card Tiers
Silver (Virtual)
Virtual onlyVirtual only
Email/phone registration only - no KYC required
Fees
Issuance: Issuance fees apply (vary by tier/bank)
Top-up: 1.8% - 2.2%
Monthly: No monthly fee
Monthly Limit: Lower limits (sufficient for everyday purchases)
VisaApple PayGoogle Pay
Freeze/unfreeze functionalityCustomizable spending limitsInstant generation in-app1-3 year validity
Gold (Virtual)
Virtual onlyVirtual only
Email/phone registration only - no KYC required
Fees
Issuance: Issuance fees apply (vary by tier/bank)
Top-up: 1.8% - 2.2%
Monthly: No monthly fee
Monthly Limit: Lower limits (vary by tier)
VisaApple PayGoogle Pay
Freeze/unfreeze functionalityCustomizable spending limitsInstant generation in-app1-3 year validity
Physical Card
PhysicalBlack plastic card with EMV chip and contactless capability
KYC process required (ID document and possibly selfie verification)
Fees
Issuance: Issuance fees apply (vary by bank)
Top-up: 2%
Monthly: Possible small maintenance fee (details vary)
Monthly Limit: Higher spending limits
VisaApple PayGoogle Pay
Full Visa functionality5-year validity with automatic replacementATM withdrawal capability globallyIn-store swipe or tap paymentsStandard refund processing
User Ratings
No public user ratings available yet. User feedback has been generally positive, highlighting easy setup, global acceptance, and transparent fees.
Conclusion
KazePay offers a specialized solution for stablecoin holders who want to use their USDT or USDC in everyday life without cumbersome conversion processes. The KazePay Crypto Card bridges the gap between cryptocurrency and traditional payment systems through its prepaid debit cards, which can be used at over 150 million merchants worldwide. The platform's tiered virtual card system (Silver and Gold) provides flexibility for online spending without KYC requirements, while physical cards offer full Visa functionality including ATM access for users willing to complete identity verification. However, KazePay has significant limitations including stablecoin-only support, inability to withdraw card balances on-chain, and the discrepancy between marketing materials suggesting cashback rewards and official confirmation that no such program exists. For users who hold stablecoins and prioritize global spending flexibility with minimal KYC (for virtual cards), KazePay may provide value, but those seeking to spend Bitcoin, Ethereum, or other cryptocurrencies should look elsewhere.
Card launched: Mid-2020s (specific date not publicly disclosed)
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