A no-frills virtual crypto card with a flat 1% fee, but a physical card that does not exist yet

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

The YPT card is a virtual payment card you load with crypto and spend like an ordinary card, without touching a bank account. It converts USDT, USDC, BTC and ETH to a fiat balance and lets you pay in shops, online, or through Apple Pay and Google Pay. On the strength of what the card actually publishes, I scored it 7.4 out of 10. It suits you if you already hold crypto, you want a straightforward way to spend it at ordinary merchants, and you are comfortable with small, per-transaction fees and a help centre that is still filling in the blanks. It does not suit you if you need a physical card in your pocket this week, a long list of published limits, or reassurance about who the licence holder is.

*The conditions described here are current as of October 28, 2026.*

Verdict: 7.4 out of 10 — a competent virtual card with gaps in what it publishes

YPT is the kind of card that does one job plainly: hold a crypto balance, turn it into dollars, and let you pay. That simplicity is its main appeal, and for spending BTC, ETH and stablecoins through a virtual card it does the job without much theatre. Where it gets thin is disclosure. The physical card is described in the navigation but its details are absent, and it is marked “IT WILL BE PUT INTO USE SOON”. ATM functionality carries a similar note. The issuer behind the card is not named. None of that makes the card bad, but it means you are making a decision partly on trust rather than fully on published terms.

I want to be straight about what I could and could not verify. The card’s own help centre and site gave me the fee schedule, the KYC steps, the top-up flow and a short list of unsupported countries. On the questions of issuance price, who the issuer is, and several limits, the public pages simply do not say, and I will flag those as “not stated” rather than fill the gaps. I found no complaints and no Trustpilot page for the group. Absence of complaints on a young product is neutral, not a clean bill of health.

The score, criterion by criterion

A 9 out of 10 on eligibility is unusual and worth pausing on: it means the card is open to almost everyone, not just residents of one country. That is exactly the appeal for someone who cannot get a normal bank card, but it also means fewer country-specific barriers are documented, so your own bank’s rules for crypto-related funding still apply to you.

Who will they give you the card

Almost anyone, it seems. The card’s help centre lists the places that are not supported as a mailing address: Egypt, Tunisia, Palestine, Puerto Rico and Tanzania. That is the entire exclusion list as published. Importantly, a billing address *is* supported, so the restriction is about where the card is posted, not about who you are or where you live. If you are in one of those five and expect a physical card in the post, this is a problem for you; if you are elsewhere, the help centre gives no country restriction to worry about.

That is the whole of the stated eligibility picture, and it is thinner than it looks. The pages do not state anything about your citizenship, your residence, your age or your immigration status, and they do not spell out a tiered or tier-free system. None of that means those checks do not happen behind the scenes — they almost always do somewhere in the chain — it means you will not read them here. Because nationality and country of birth are screened separately from address in most compliance setups, being eligible on the address test does not guarantee your documents will clear on the first try.

One more thing to know going in: you will have to pass identity verification before you get anything, and the card’s pages do not describe a “no-KYC” tier or any exception. Section below spells out what that involves.

How to get it

Signing up starts with KYC, and the card’s verification runs through Sumsub, a standard electronic identity-checking provider. To clear it you supply your full legal name, your date of birth, and an identity document — an identity card, a passport or a driver’s licence. The card can ask for more information if it needs it. For context, an independent, unofficial source (iq.wiki, May 2025) also describes KYC as required for compliance; I mention it only to confirm what the official pages already say.

The product itself: the card you actually get is a virtual card. A physical card appears in the site’s navigation, but its details — network, currency, delivery time, cost — are not described, and it is marked “IT WILL BE PUT INTO USE SOON”. The card does not state on the pages whether it runs on Visa or Mastercard, or which currency it settles in, other than the default USD noted in the fees section. Delivery terms for the physical card are not stated either. So the honest version of “how to get it” is: verify your identity, create a virtual card in the app, and treat the physical card as a promise rather than a product.

If a decision about the virtual card is not the same as a decision about a physical one, keep that distinction clear now. Many people pick a crypto card wanting a plastic rectangle they can hand over at a shop; YPT, as published, is not that yet.

What it really costs: Fees

YPT’s cost story is simple on the surface and has a few sharp small print edges. Conversions and card spending are charged a percentage, there is a fee on very small authorisations and a fee on declines, and several things — most notably the issuance price — are simply not stated.

The headline numbers: transactions in the card’s default currency, USD, are charged 1%. Transactions in any other currency are charged 2.2%. On top of that, an authorisation for a tiny amount between $0 and $1 costs $0.20 per transaction, though the first five such fees per card per month are waived. A declined transaction costs $0.5, with the first three per card per month waived. These small-amount and decline fees are the ones people trip over, because a declined payment feels free until the statement shows otherwise.

Here is what I could and could not confirm about the money side, in one place:

Now let me walk a few ordinary payments through it, because that is where percentages actually land.

A $20 coffee in your own country, paid in dollars. You are spending in the card’s default currency, so the 1% applies: roughly $0.20 on a $20 purchase. That is the everyday case and it is cheap for a crypto card. If the same $20 is charged to you in a non-dollar currency by the merchant or the network, the 2.2% rate applies instead — about $0.44. The difference between paying in dollars and paying in something else is, on small purchases, real but not dramatic.

A $30 subscription billed in euros. This is the case the 2.2% exists for, and it applies whenever the transaction is not in the default currency. On $30 that is about $0.66. Travel, foreign subscriptions and non-US online stores are exactly where this number recurs, so if you are the kind of person who buys in several currencies, do the 1% versus 2.2% arithmetic on your own typical spend before you settle on this card.

A small debit that gets authorised, then reversed or declined. Here the fixed fees bite. A transaction between $0 and $1 that is merely authorised costs $0.20 unless it is among the first five that month. A decline costs $0.5 unless it is among the first three. If you tap a card repeatedly to “see if it works,” or a payment bounces a few times, those small fixed charges add up faster than the percentage fees would.

Two limits are worth reading twice. On the USD card, a single transaction can be up to $100,000 and the daily limit is unlimited. Those are generous headline numbers, but they are ceilings, not promises about your account; the issuer and its risk rules still apply, and the card also mentions anti-misuse fees and negative-balance rules that sit underneath all of this. The monthly limit is not stated. An independent, unofficial source (iq.wiki, May 2025) says spending limits are customisable, without giving amounts; treat that as unconfirmed.

One thing I cannot help you with: taxes. Every figure above is a fee, not a tax question, and how spending funded from crypto is treated where you live is a separate matter I am not qualified to advise on.

How to Top it up

You top up with crypto, not with bank transfers. The card accepts USDT, USDC, BTC and ETH, converts them to fiat for spending, and does the conversion at the moment of payment. The flow in the app is the standard one for this category: pick the currency and the network, then send to the address or QR code the app shows you.

There are three practical warnings here, and they matter more than the list of supported coins.

The network is not specified on the page. The card’s own materials do not say which networks it supports for each coin. Blockchain transfers are irreversible, so sending on a network the provider does not support can lose the money. Circle, for example, stopped supporting USDC on Tron in February 2024, so “USDC” on its own is not a complete instruction. Always match the network in your wallet to the network the app is showing you at that moment, and never assume a coin’s default chain is the one they want.

The minimum top-up is above 1U. The card states that a recharge must be higher than 1U; below that it is not credited and cannot be retrieved. So a tiny test deposit is not a free trial — it is a lost deposit.

Wrong coin or wrong network is lost. The card states plainly that unsupported coins or networks are lost. This is the single largest irreversible risk in using the card, and it is entirely on you: the blockchain cannot undo it.

On-chain gas and network fees for your deposit are charged by the blockchain, not by the card, so budget for those separately from the 1% conversion. Withdrawal of a fiat balance back out is not stated on the pages, so I cannot tell you how — or whether — you can cash out; that is a question to put to support before you rely on the card.

Paying with it every day

Day to day, the virtual card behaves like a normal payment card. You can bind it to Apple Pay, Google Pay and “multiple payment platforms”, and spend online or in person from the loaded balance. Because it works like a prepaid card, it spends only the balance you have put in, so it cannot overdraw into the negative through ordinary shopping.

What you do not get in the daily column is as important as what you do. Blocked merchant categories are not stated. Rewards or cashback are not stated. The card network (Visa or Mastercard) is not stated in a way I could confirm. Whether the app is any good is not described officially; an unofficial source (iq.wiki, May 2025) says there is an iOS and Android app for applications, deposits and tracking, but I read no ratings for it, so treat that as unverified.

If you are used to mainstream cards, here are the small frictions crypto cards commonly carry, so you can anticipate them. A payment card number starts with an issuer identification number (a BIN) of six or eight digits; merchants can look it up and see which institution and country issued it, and some apply extra scrutiny when that issuer country differs from your billing address. That is one reason a card issued in one country can look “foreign” in a shop in another, and why a decline is not always about your balance. Some merchants decline prepaid or foreign-issued cards for exactly this reason. Address verification, which compares the numeric parts of the billing address you type with issuer records, is mainly offered in the US, Canada and the UK and is often unavailable for foreign-issued cards, which can cause declines. Online payments may also prompt 3-D Secure, an extra identity check where your issuer approves frictionlessly or challenges you with a code or a biometric. None of this is specific to YPT; it is the category’s texture, and it is why people keep a second card as a backup.

Refunds are the part I would flag hardest for planning. The card states that refunds usually take 2 to 15 days, some longer than a month, and that YPT credits you after it receives the refund from the merchant. So the money is not back in your balance the moment the shop reverses the payment; there is a wait, and sometimes a long one. A declined payment can also leave a hold on your funds for several days, typically up to 7. If you are budgeting tightly week to week, that timing is worth planning around.

What can go wrong

I looked for a complaints record and did not find one: no complaints surfaced, and there is no Trustpilot page for YPT Group. On a young product that is neutral information rather than reassurance.

The structural risks are the ones to understand before you load money.

Who is behind the card, and who holds your funds. The card is described as jointly launched by YPT and RedotPay, and the issuer is not named. On the custody side, the card states that digital assets are held by a licensed trust company with $50 million in insurance, and that each user gets a unique blockchain address. That is a meaningfully stronger custody story than an ad-hoc wallet, but note what it is: you are trusting a named trust company, not a bank deposit. Funds held this way are not the same as a bank deposit and are not covered by a deposit guarantee scheme. In the EU, for instance, e-money institutions must safeguard customer funds by segregating them or insuring them, but that safeguard is not a bank deposit.

Card programmes can be closed. This is a category risk, not a YPT-specific one, but it is worth internalising. 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 its global agreements with FTX and the FTX US debit card was wound down. WaveCrest, a Visa issuer that supplied several crypto card brands, was suspended by Visa in Europe in 2018, closing its programmes. When a programme closes, the pattern is a notice period, then spending and loading stop, then you are asked to withdraw what remains. So the risk is not “they steal your money”; it is “the thing you rely on becomes unavailable and you need your balance back out at short notice.” The card’s withdrawal terms are not stated, which is exactly the detail you would want in that scenario.

Regulation is still moving. In the EU, the markets-in-crypto regulation (MiCA) took legal effect in June 2023; its rules on stablecoins and asset-referenced tokens applied from 30 June 2024 and the remaining provider rules from 30 December 2024. There is a transitional period for providers already operating under national law, running until 1 July 2026 or until they get or are refused authorisation, whichever comes first. A crypto card often sits on top of two licences at once, because the card is a payment service regulated separately from the crypto side. None of this is a reason to avoid the card, but it is a reason to prefer providers that name their authorisations.

Your own security habits. The card uses Sumsub KYC, a PIN code, per-user blockchain addresses, and anti-misuse fees and negative-balance rules. A PIN is the baseline, not the ceiling. The category’s real losses usually come from key and address handling: a seed phrase is an unencrypted form of your private key and anyone who obtains it can restore the wallet and spend from it, and because blockchain transfers are irreversible there is no built-in way to freeze or return stolen funds. There is a record of this — custodial platforms have failed badly, at Mt. Gox, Coincheck and Ronin Network among others. What you can control is the address you send to, on the chain you send it on.

What the issuer can restrict. A card issuer can block a tokenised card number for certain uses, such as magnetic stripe, phone or website. Declines are part of normal life with these cards. I found nothing in the card’s materials on your dispute rights specifically; a chargeback is a refund ordered by the issuer, with reason codes like fraud or duplicate billing, and prepaid-card coverage varies by jurisdiction and should not be assumed.

What to take instead

If YPT’s shape does not fit — you need a physical card now, published monthly fees, or a named issuer — the category has other options with different trade-offs. Here is how the main alternatives I looked at compare, and where each is stronger or weaker.

A few things stand out when you lay them side by side.

CardFlow is aimed squarely at Nigeria — it calls itself “Nigeria’s smartest fintech card platform” — and at “Nigerians and global users”. That is a narrower centre of gravity than YPT. It is fast (a virtual USD Mastercard, created quickly) and creating a virtual card is, per its FAQ, completely free. But it publishes no country list or exclusions at all, and its per-transaction and FX fees are not stated, so you are not comparing costs so much as trading transparency for simplicity.

HyperCard is a prepaid card with a balance in USD or EUR, topped up with crypto. Its App Store page says it works in “more than 176 countries” — that is acceptance, not eligibility, which is a distinction worth keeping in your head. It states no fees on the pages I could read and no country list, so again the trade is less disclosure for a simple product.

Card.fi is the most transparent of the three and the closest in ambition to what YPT could become. It ships to “200+ countries”, offers virtual and physical Classic and Premium plus a metal card, and its terms bar residents of, or orders from, countries under sanctions. Its costs are published in detail: virtual Classic $49 and virtual Premium $249 one-time, top-up fees of 1.5% + $1.00 (Classic) or 1% (Premium), and FX fees of 3.5% (Classic) or 2.5% (Premium). It accepts 32 coins across 5 networks, converts at market rate on arrival, and offers cashback on spending. The catch is that its fees are higher than YPT’s headline 1% and its entry price is real money up front. If you want a physical card today and published terms, Card.fi is the more finished choice; if you want the lowest everyday conversion cost and are happy with a virtual card, YPT is cheaper.

None of these alternatives publishes much about complaints either, so you are weighing transparency and product maturity, not track record.

Who I would recommend it to

I would point this card at a specific person: someone who already holds USDT, USDC, BTC or ETH, cannot comfortably get an ordinary bank card, and wants to convert to dollars at a flat 1% and spend the balance in shops, online, or via Apple Pay and Google Pay. For that person, at 7.4 out of 10, YPT is a sensible, low-friction tool — the eligibility is broad, the fees are transparent, and the top-up flow is the standard one they probably already understand.

I would not point it at someone who needs a physical card in hand soon, who plans to spend mainly in non-dollar currencies (where 2.2% applies), who wants published monthly fees or rewards, or who is uncomfortable that the issuer is unnamed and the withdrawal terms are not stated. If any of those describe you, one of the alternatives above — Card.fi most of all — is a better fit.

Two things would move my score in either direction, and both are things to check yourself in the app or with support before you rely on the card: confirm which networks your coins must be sent on, and confirm how you get your balance back out. Neither is stated on the public pages, and both matter more to your peace of mind than any percentage fee.

Frequently asked questions

What is the YPT card?

The YPT card is a virtual payment card that you fund with cryptocurrency. You deposit USDT, USDC, BTC or ETH, the card converts them to a fiat balance at the point of payment, and you spend that balance like an ordinary card in shops, online, or through Apple Pay and Google Pay. It works much like a prepaid card, spending only what you have loaded. A physical card is referenced but marked as coming soon.

Is YPT a bank?

No — the card’s own pages describe it as jointly launched by YPT and RedotPay, and the issuing institution is not named. It is a payment card, not a bank account, and it does not appear to offer the protections of bank deposits. Your crypto is said to be held by a licensed trust company with $50 million in insurance, which is not the same as a government-backed deposit guarantee.

Who can get the YPT card?

Broadly, almost anyone: the only places the card lists as not supported as a mailing address are Egypt, Tunisia, Palestine, Puerto Rico and Tanzania. A billing address is supported, so the restriction is about delivery, not eligibility. The pages do not spell out citizenship, age or residence rules, and you must still pass identity verification through Sumsub before the card is issued.

How much does the YPT card cost?

Transactions in the card’s default currency, USD, cost 1%, and transactions in any other currency cost 2.2%. An authorisation between $0 and $1 costs $0.20 (first five per card per month waived), and a declined transaction costs $0.5 (first three per month waived). The issuance price and any monthly fee are not stated on the card’s public pages.

How do I top up the YPT card?

You add USDT, USDC, BTC or ETH. In the app you choose the currency and network, then send to the address or QR code shown. The card converts the crypto to fiat for spending at the point of payment. Two cautions: the recharge must be more than 1U or it is not credited and cannot be retrieved, and the network must be one the card supports — the public page does not list them, so always match the network shown in the app to the one you send on.

Does the YPT card require KYC?

Yes. Identity verification is required, and the card runs it through Sumsub, a standard eKYC provider. You supply your full legal name, date of birth, and an identity card, passport or driver’s licence, and the card may request more information. There is no “no-KYC” tier described on the public pages.

Can I use the YPT card in Apple Pay and Google Pay?

Yes, the card can be bound to Apple Pay, Google Pay and other payment platforms. When you add it to a phone wallet, the card number is replaced with a device-specific number stored in the phone’s secure hardware, and each payment uses a one-time code, which is why it is generally safer online than handing over the card. The issuer can still restrict a tokenised card for certain uses.

Is the YPT card safe, and has anyone had problems?

I found no complaints and no Trustpilot page for the group, which on a young product is neutral rather than a clean bill of health. The card states that digital assets are held by a licensed trust company with $50 million in insurance, uses Sumsub verification and a PIN. But blockchain transfers are irreversible, so the biggest day-to-day risk is sending to the wrong network or address, which can permanently lose funds.

Can I withdraw money from the YPT card?

The public pages do not state how, or whether, you can withdraw a fiat balance, and they describe ATM withdrawal as a feature marked “it will be put into use soon”. This is one of the first things to ask support about before you load a large balance, because getting funds back out matters most exactly when a card programme is having trouble.

Is a physical YPT card available?

Not yet, as things stand. A physical card appears in the site’s navigation, but its details are not described and it is marked “IT WILL BE PUT INTO USE SOON”, as is the ATM feature. What you can rely on today is the virtual card. If you need plastic in your hand now, an alternative such as Card.fi, which ships physical cards, is the more practical choice.

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