CoinsOnCards
All cards
Swype.Fun Card logo
DeFi maxiThird Nationalvisa● Live

Swype.Fun Card

Non-custodial virtual Visa credit card for borrowing USDC against collateral on Base and HyperEVM.

Swype.fun is a DeFi-native virtual Visa credit card that enables users to spend by borrowing USDC in real-time against collateral on Base and HyperEVM networks, without selling their assets. It offers both a borrow mode against DeFi protocols and a spend mode directly from yield vaults.

Get this card

Affiliate link — CoinsOnCards may earn a commission. Reviews are independent. How we rate.

Best for

DeFi users borrowing against Base/HyperEVM collateral or spending from yield vaults.

Skip if

You need a physical card, no-KYC, or smart contract wallet support.

Network
visa
Custody
self custodial
KYC
full
Max cashback
0.00%
Min monthly fee
$0
Apple Pay
No
Google Pay
No
Physical card
Yes

The verdict

What we like
  • Truly non-custodial; users control their private keys.
  • Earn up to 18% APY on collateral while spending.
  • Low entry barrier with $100 minimum collateral.
  • Dual modes: borrow on Base or spend from 12 vaults.
Watch outs
  • Virtual card only; no physical card available.
  • High non-USD fees: 1.5%-2% total per transaction.
  • Smart contract wallets like Gnosis Safe not yet supported.
  • Earn up to 18% APY on collateral while spending against it.
  • Pay 1.5%-2% total fees on non-USD Visa-network purchases.
  • Borrow against Aave/Euler on Base or spend from 12 HyperEVM vaults.

Basic information

Swype.fun is a DeFi-native virtual Visa credit card that allows users to spend without selling their crypto. It operates on a non-custodial model, meaning users retain full control of their assets. The card offers two primary modes: a 'Borrow Mode' that automatically borrows USDC against collateral in Aave or Euler on the Base network, or HypurrFi on HyperEVM; and a 'Spend Mode' that draws funds directly from yield-earning stablecoin vaults. Key features include the preservation of yield on collateral, a points and rewards system, and a 'Hooks' feature for automated DCA into kHYPE tokens. The card is virtual-only and requires a one-time KYC check.

Fees

Swype.fun has no issuance or annual fees. Transaction fees are based on a workflow execution fee plus standard Visa FX fees for non-USD purchases.

| Fee Type | Amount | | --- | --- | | Issuance Fee | $0.00 | | Annual Fee | $0.00 | | USD Purchases | 0.5% workflow execution fee | | Non-USD Purchases (< $10) | $0.10 + 1% Visa FX fee + 0.5% Swype fee | | Non-USD Purchases (> $10) | $0.30 + 1% Visa FX fee + 0.5% Swype fee | | Dispute/Chargeback Fee | $30.00 | | Interest (Borrow Mode) | Underlying DeFi protocol borrow rate (Aave/Euler/HypurrFi) | | Interest (Spend Mode) | None (funds drawn from vaults) |

Spending & ATM limits

Notes
Transactions will be blocked if the collateral position falls too low, if the approval limit is reached, or if vault balances are insufficient in spend mode.
Atm Daily
Not available (virtual card only)
Atm Monthly
Not available (virtual card only)
Daily Spending
User-defined daily spending limit set via dashboard
Credit Line Max
Depends on collateral value and user-defined approvals
Monthly Spending
No fixed monthly cap; maximum spending determined by collateral value and approvals (borrow mode) or vault balance (spend mode)

Features

  • Non-Custodial Architecture: Users maintain full control of their crypto assets in their own wallets.
  • Real-Time Borrowing: Automatically borrows USDC against DeFi collateral on Base (Aave, Euler) and HyperEVM (HypurrFi) at the point of sale.
  • Spend Mode: Spend directly from yield-earning stablecoin vaults without borrowing.
  • Virtual Visa Card: Instant issuance of a virtual card accepted wherever Visa is accepted.
  • Hooks DCA Feature: Automatically dollar-cost averages into kHYPE with every card purchase.
  • Fiat Accounts: Provides access to Euro and USD accounts with on-ramp and off-ramp capabilities.
  • Programmable Spending: Users can set custom spending limits and select collateral.

Rewards

Swype.fun does not offer a traditional cashback program. Instead, it provides a comprehensive rewards ecosystem built around DeFi participation and platform engagement. * **DeFi Yield**: Users continue earning yield on their collateral assets while spending against them, with advertised rates up to 18% APY. * **Points System**: Users accumulate points through card usage and other platform activities. * **XP Program**: Earn experience points (XP) for completing various tasks. * **Power-Ups**: Unlock special reward boosters and benefits for active participation. * **Protocol-Specific Benefits**: Enhanced rewards are available for using specific integrated DeFi protocols.

Availability

Available in 181 countries. Restricted in 19 countries including Belarus, China, Cuba, Egypt, India, Iran, Israel, Myanmar, Nepal, Nigeria, North Korea, Palau, Russia, South Africa, Syria, Turkey, Ukraine, Venezuela, Vietnam. US: Partial availability - not available in 20 states (Arizona, Delaware, Georgia, Idaho, Louisiana, Maryland, Missouri, Montana, Nevada, New Mexico, North Dakota, Ohio, Oregon, Rhode Island, South Dakota, Utah, Vermont, Washington, Wisconsin, Wyoming). Available in 30 US states.

Top-up & funding

  • Crypto collateral deposit to Aave/Euler/HypurrFi
  • Stable vault deposits (Spend Mode)

Real-time borrowing at purchase (borrow mode); instant from vaults (spend mode)

Security & custody

  • Non-custodial architecture
  • Smart contract delegation only
  • Passkey-enabled web app
  • SSL encryption
  • Standard web security

Risk note. While the non-custodial model enhances security by keeping assets in user control, it relies on audited smart contracts. Users are still exposed to the inherent risks of the underlying DeFi protocols (e.g., Aave, Euler, HypurrFi), including smart contract vulnerabilities and liquidation risk in borrow mode.

Mobile wallets

Apple Pay Not supported
Google Pay Not supported
Samsung Pay Not supported

Card tiers

Base Network Access

Card material
Virtual only
Issuance fee
$0.00 (free)
Requirements
$100 worth of crypto in Aave or Euler on Base OR limited-time invite codes
  • Aave V3 and Euler Prime protocol support
  • KYC via SumSub required

HyperEVM Network Access

Card material
Virtual only
Issuance fee
$0.00 (free)
Requirements
Top HypurrFi users only (eligibility check required)
  • HypurrFi protocol support
  • Hooks DCA Feature available
  • KYC via SumSub required

Spend Mode Access

Card material
Virtual only
Issuance fee
$0.00 (free)
Requirements
Restricted by code until August 19, then $100 deposit required
  • 12 vaults across HypurrFi, Felix, Hyperlend, and Hyperbeat
  • Hooks DCA Feature available
  • USDT0 live, USDe and USDhI coming soon
  • KYC via SumSub required

Loan & credit features

Real-time USDC borrowing against collateral on Aave V3, Euler Prime (Base), and HypurrFi (HyperEVM)

Borrow mode: Traditional collateral-backed borrowing against Aave, Euler, or HypurrFi positions. Subject to collateralization ratios and liquidation risks. Spend mode: Direct spending from connected yield-earning stable vaults with no borrowing or liquidation risks.

Banking services

● Virtual Accounts

Euro and USD fiat accounts with on-ramp and off-ramp access. Specific details regarding IBAN support, SEPA/SWIFT capabilities, account fees, and regional availability are not publicly documented at this time.

What users say

Early social media feedback praises the instant borrowing and spending flow. One user described it as 'a DeFi protocol inside a card – insane.' Limited feedback due to recent launch and restricted access model.

Risks & limitations

Risks
  • MarketLiquidation risk when using volatile assets as collateral in borrow mode
  • MarketVariable borrow rates from underlying DeFi protocols
  • SecurityNovel integration of DeFi protocols with payment systems may contain unforeseen risks
  • RegulatoryRegional restrictions subject to change based on regulatory developments
Limitations
  • moderateVirtual card only - no physical card option
  • moderateMinimum $100 worth of crypto required as collateral (or invite code for Base; HyperEVM restricted to top HypurrFi users)
  • moderateHigh fees for non-USD payments (1.5%-2% total including workflow execution fee)
  • minorSmart contract wallets not yet supported
  • minorProgressive Web App only (no native iOS/Android app)
  • moderateMandatory KYC may deter privacy-focused users
  • moderateRestricted access for HyperEVM (top HypurrFi users only)
  • minorSpend mode restricted by invite code until August 19
  • minorLimited public documentation on fiat account features and Swype for Teams

Latest updates

  1. August 1, 2025
    Minimum collateral requirement lowered
    Minimum collateral to get whitelisted for the Swype.Fun card has been lowered from $1,000 to $100.

Roadmap

Recently shipped
  • August 1, 2025: Minimum collateral lowered from $1,000 to $100
  • July 2025: Launch on Base and HyperEVM networks
  • Spend mode introduction with 12 vaults
Planned
  • Smart contract wallet support (such as Gnosis Safe)
  • Swype for Teams with shared accounts, controls, and multiple cards for business use
  • Merchant-category blocks
  • USDe and USDhI vault support

Best suited for

DeFi power users who want to leverage existing protocol positions for real-world spending, yield farmers who don't want to sacrifice earning potential, crypto holders who prefer not to sell assets for everyday purchases, and DCA enthusiasts who want to automate kHYPE accumulation through everyday spending.

Our verdict

Swype.fun represents a significant innovation in the crypto payment card space by creating a truly DeFi-native spending experience. Unlike traditional crypto cards that require asset conversion or centralized custody, Swype's non-custodial model allows users to maintain ownership of their crypto assets while gaining real-world spending power through on-chain borrowing or direct vault spending. The card's most distinctive features include its ability to preserve yield-earning potential while enabling everyday purchases (with advertised rates up to 18% APY), the innovative Hooks DCA feature for automated kHYPE accumulation, and its comprehensive rewards ecosystem with points, XP, and power-ups.

Ready to apply for the Swype.Fun Card?

We may earn a commission if you apply through this link. Our reviews remain independent.

Visit official site