Rayn Card
- Fast-responding customer service
- Generous Daily Spend Limit
- Beautiful, easy to use app
- Need to manually pre-auth each card transaction via the app
- High minimums for swaps, ~30 EUR
- No cashback
- No Apple Pay
-
Key Features
| Visa or MC | |
|---|---|
| Debit or Credit | Debit Card |
| Denominated In | € EUR |
| Apple Pay | Not Enabled |
| Monthly Fee | 0.00 EUR |
| Monthly Inactivity Fee | 0.00 EUR |
| Crypto to EUR Crypto->EUR Conversion Cost | ~1.25% |
| Cashback | None |
| Daily Spending Limit | 10,000 EUR |
| Daily ATM Withdrawal Limit | 300 EUR |
| Foreign Exchange Fee | 2% |
| Crypto to Fiat Conversion | Auto on Every Purchase |
| Crypto Asset Management | Custodial (stores crypto keys on your behalf) |
| Supported Countries | AustriaBelgiumBulgariaCroatiaCyprusCzech RepublicDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIcelandIrelandItalyLatviaLiechtensteinLithuaniaLuxembourgMaltaNetherlandsNorwayPolandPortugalRomaniaSlovakiaSloveniaSpainSweden |
| Supported Cryptocurrencies | BTCETHEURCUSDC |
Your Rayn Card: Beautifully designed with an elegant white color option
Rayn Card Benefits and Rewards
Rayn card does not offer cashback rewards or any additional incentives for using the card.
Rayn Card is a Debit Card
- Debit Card
- Credit Card
- Prepaid Card
- IE
IBAN Bank Account- in your name
Rayn Card is a debit card, connected to your chosen asset account on Rayn platform. Alongside, Rayn offers you a personal bank account. You'll receive an Ireland-based IBAN bank account number issued in your name.
Useful:Some crypto card companies only allow fiat deposits from accounts that are directly in your name. With Rayn, third party senders are able to deposit funds into your bank account, which means you can receive fiat withdrawals from exchanges or receive salary payments.
It's Offered in Physical Form, Without an Instant Virtual Equivalent
Rayn Card is available solely in physical form, unlike 30% of crypto cards offering both physical and virtual versions. This means you'll have to wait for its arrival by mail after completing the KYC Identity Verification.
Wondering about the pros and cons of physical-only format? Here are some highlights:
Physical Card | No Virtual Card |
|---|---|
| ATM Withdrawals | No Second Card Number |
| Required for Car Rentals, Hotels | No Instantly Available Card |
| Useful When Phone Dies, or no Wifi | Cannot Separate Online Purchases for Safety |
| Backup Payment Method | Cannot Have a 2nd Card with Lower Spend Limits |
Inconvenience:Since Rayn Card doesn't support Apple Pay, you will have to take it out of your wallet everytime you pay for something (unless you use Curve).
The back of Rayn Card
| Card Issuer | Modulr Finance |
|
BIN Number ⓘ
BIN number is the first 8 digits of the card and identifies the card issuer.
| 43195856 |
| Validity Period | 2 years |
| Issuing Country | Netherlands |
Crypto-to-EUR Conversion Cost with Rayn Card
Rayn Card Converts Your Crypto on Demand
Rayn Card offers instant conversion to EUR at the time of purchase. This allows you to hold your crypto and exchange to real-life currency only when you need to. No need to pre-convert your cryptocurrencies or preload the card.
| Crypto to Fiat Conversion Fee | 1% |
| Sell Spread | ~0.25% |
| Transaction Fee | 0% |
| Total Crypto to EUR Cost | ~1.25% |
Low Cost:Compared to the average ~1.8% crypto-to-fiat cost of other cards, converting crypto with Rayn Card is much more cost-effective (~1.25%). This means that you will get more EUR for your crypto when using this card.
From all crypto cards we reviewed for Europe, WhiteBIT Card, Holyheld Card and Trade Republic Card offer the cheapest crypto-to-fiat conversions (~0.28%, ~0.5% and ~0.7% respectively), while converting crypto with OWNR Card will cost you the most, ~4.64%.
How Does Rayn Card Compare to Other Crypto Cards?
Rayn Card ranks #27 out of 63 amongst all the crypto cards we have reviewed so far. This card is a solid choice among the many crypto cards available, offering competitive features and benefits.
We compared Rayn Card with 42 similar crypto cards, available for the same geographical region. See the resulting pros and cons below.
Strongest Features Against Competitors
Here are the strongest features of Rayn Card against its 42 competitors:
- Their customer service is very good with a 9.3/10 score (others score only 7.6/10 on average).
- Doesn't require preconverting of your crypto, converts needed amount automatically on every purchase (while 60% of competing crypto cards require you to preload card in advance).
- Their crypto-to-fiat conversion cost, including all related fees and spread, is among the lowest at ~1.25% (versus an average of ~1.8% with other cards.)
Weakest Features Against Competitors
Compared to its 42 competitors, here are the shortcomings of Rayn Card:
- Apple Pay isn't enabled (while 70% of competing crypto cards have it).
- Doesn't offer any cashback (while other cards give an average of 4%).
- Daily spend is capped at 10,000 EUR (while other cards offer 25,000 EUR daily spend limit on average).
- Supports only 4 cryptocurrencies (while other cards support an average of 15).
Rayn Card vs. SpectroCoin Card vs. Nexo Card
Rayn Card
|
SpectroCoin Card
|
Nexo Card
|
|
|---|---|---|---|
| Monthly Fee | 0.00 EUR | 1.15 EUR | 0.00 EUR |
| Crypto to Fiat Cost | ~1.25% | ~1.5% | ~0.75% |
| Highest Cashback | None | None | up to 2% |
| Entry-Level Cashback | None | None | 0.5% |
| Daily Spending Limit | 10,000 EUR | 25,000 EUR | 10,000 EUR |
| Daily ATM Limit | 300 EUR | 2,500 EUR | 2,000 EUR |
| Foreign Exchange Fee | 2% | 1% | 2% |
| Asset Management | Custodial | Custodial | Custodial |
Availability for  United States |
|||
| Supported Cryptocurrencies | 4 | 54 | 86 |
| Apple Pay | Not Enabled | Enabled | Enabled |
| Customer Service | Great | Average | Great |
| Brand Authority | Growing | Growing | Well-Known |
If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. SpectroCoin Card offers the highest daily spending limit of 25,000 EUR. You will get lower daily limits with Rayn Card and Nexo Card.
Cashback rewards are a great way to earn back some of the money you spend on your card and is an important consideration as well. Out of the three, Nexo Card offers the best cashback rewards of up to 2%. With Rayn Card and SpectroCoin Card, you will have no cashback rewards at all.
To make a good choice, look through all features, as it is an individual choice. If you will mostly do online transactions with this card, then Apple Pay availability may not be a very important feature for you. If you travel a lot, foreign exchange rate will matter. And so on.
Rayn Card ATM Fees: The Real Cost of Cashing Out
Local ATM Withdrawals in EUR
Here's a breakdown of the fees you'll face when making local ATM withdrawals with your Rayn Card:
Starting with an initial amount of 200 EUR in ETH, the ATM withdrawal with Rayn Card will cost you a total of ~10.44 EUR (5.2% of 200 EUR), resulting in a final cash withdrawal of 189.56 EUR in hand.
Doesn't Rayn Card Offer Free ATM Withdrawals?
Yes, Rayn offers free ATM withdrawals for up to 200 EUR per month, in line with the average limit of 200 EUR offered by other cards.
When they say 'free', they are only referring to their ATM Withdrawal Fee, which will be waived for the first 200 EUR withdrawn per month. In our example, if you withdraw 200 EUR, this waiver saves you 4.94 EUR, reducing your local ATM withdrawal cost to around 5.5 EUR, compared to the standard cost of approximately 10.44 EUR.
International non-EUR ATM Withdrawals
Things will get significantly worse for International ATM Withdrawals. If you're out of country and cashing out with your Rayn Card, here's what it will look like:
For an international withdrawal using your Rayn Card with an initial 200 EUR in ETH, you'll incur fees totaling ~20.32 EUR (10.2% of 200 EUR), leaving you with 179.68 EUR in the equivalent foreign currency.
Reality CheckCompared to other crypto cards, Rayn Card is more expensive for both local and international ATM withdrawals:
| Cost with Rayn Card | Cost with Other Cards | |
| Local ATM Withdrawals | ~10.4 EUR (5.2% of 200 EUR) | ~9.2 EUR (4.6% of 200 EUR) |
| International ATM Withdrawals | ~20.4 EUR (10.2% of 200 EUR) | ~18.4 EUR (9.2% of 200 EUR) |
From all crypto cards that we reviewed, Trade Republic Card, Holyheld Card and Bit2Me Card offer the cheapest local ATM withdrawals (2.2%, 2.5% and 2.7% of 200 EUR respectively), while OWNR Card scores the worst, landing last on the list with a total local ATM withdrawal cost of 9% of 200 EUR.
We Tested Rayn's Customer Support
We asked Rayn's customer support different questions, and then rated their responses to evaluate how good their support is.
Why should you Care:When you'll have a money-related question, like a missing deposit or being overcharged - having good support at that moment will be crucial for you.
Rayn offers support via the following channels:
| support@rayn.finance | |
| Phone | +353 1 574 7382 |
Location: Rayn customer service reps are located in 
France.¹
| Support Channel | Our Interaction | Score |
Email (replied in 29 min) | Quick reply, gave additional information, helpful. | High Competence Highly Personalized Adequate English, Professional Tone 9.5/10 |
Email (replied in 22 min) | Answered questions regarding ATM withdrawals, provided useful info that was not available on their site. | High Competence Somewhat Personalized Adequate English, Professional Tone 9/10 |
Email (replied in 10 min) | Good, to the point answers, fast response time. | High Competence Somewhat Personalized Adequate English, Professional Tone 9/10 |
Email (replied in 16 h 11 min) | Nice informative reply with additional information, to a question about IBAN. | High Competence Highly Personalized Adequate English, Professional Tone 9.5/10 |
Email (replied in 1 h 28 min) | Caring responses, including follow up questions. Proactively asked another team member to provide full information to our question about spread. | High Competence Highly Personalized Adequate English, Professional Tone 9.5/10 |
To summarize,
Competence and Problem-Solving: Rayn's customer service agents are highly competent, so you can expect every issue to be resolved with professional expertise and a thorough understanding.
Customer Love: Rayn's support responses are highly personalized, which makes interactions with them very pleasant. They will address you by name, and carefully consider your unique situation to provide tailored answers that meet your specific needs.
Reply Speed: Response times are inconsistent, ranging from as quick as 10 minutes to as slow as 16 hours.
Overall Customer Service Rating: 9.3/10
This excellent score places Rayn's Customer Service well above the crypto card industry average of 7.2/10.
Rayn Referral Code - to Get 10 EUR Bonus
You can use referral code 8e3694328ff0b6f40c4350fa18bf0fe9d1259c1ce095247f67de83ffb50d4f44 to get 10 EUR bonus when you create an account on Rayn platform.
Here's how you can enter the referral code:
..or, just click here.
Your bonus will be paid out to you right after you make your first 50 EUR deposit.
p.s. Are we getting paid for referring you? Yes, and it helps us continue our mission. It's like you are buying us lunch 🍱 for all the hard work we've put into building this site. We really appreciate it. Thank you. 🙏🤗
Rayn Card supports 30 countries
Is Rayn Card Available for Residents of United States?
No, Rayn Card is not available for residents of United States.
Rayn Card supports the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
To see our list of available crypto cards for 🇺🇸 United States, see this list. There are currently 11 cards listed there.
You may also be interested in this article: Crypto Cards for USA: The Best Options for Americans.
Insightful. What's My Next Step?
Paulina Masson
Paulina has a strong background in finance and cryptocurrency. She's been involved with crypto since its early days and has observed its progression over the years. Notably, she possesses expertise in various crypto products, having personally tested and evaluated many of them. In her spare time, she is developing a crypto bot designed to automatically trade on short timeframes.
