RedotPay Card
- Generous Daily Spend Limit
- Many under-served countries supported
- No cashback
- Supports only 4 cryptocurrencies
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Key Features
RedotPay Card Benefits and Rewards
RedotPay card does not offer cashback rewards or any other incentives for using the card.
RedotPay Card is a Prepaid Card
- Debit Card
- Credit Card
- Prepaid Card
- No Bank Account Offered
RedotPay Card is a prepaid card, linked to the crypto coin balance on the RedotPay platform. It should be noted that RedotPay doesn't offer a bank account with this card (while some crypto cards do), which means you won't be able to receive third-party payments, like fiat withdrawals from exchanges, for example.
It Comes in Both Physical and Virtual Forms
You can get RedotPay Card in both physical and virtual versions, a feature only available with 40% of crypto cards. They'll mail you the physical card, and you can instantly get the virtual card online after completing KYC Identity Verification.
Wondering about the perks of each card type? Here are some highlights:
Physical Card | Virtual Card |
|---|---|
| ATM Withdrawals | Second Card Number |
| Required for Car Rentals, Hotels | Instant Availability |
| Useful When Phone Dies, or no Wifi | Freeze for Safety |
| Backup Payment Method | Set Lower Spend Limits |
Cost to Order: 100 USD | Cost to Order: 10 USD |
You will find the physical RedotPay Card useful for in-person purchases, while the virtual card will be perfect for online transactions like subscriptions.
Crypto-to-USD Conversion Cost with RedotPay Card
RedotPay Card Converts Your Crypto on Demand
RedotPay Card offers instant conversion to USD 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 | 0% |
| Sell Spread | ~0.18% |
| Transaction Fee | 1% |
| Total Crypto to USD Cost | ~1.18% |
Low Cost:Compared to the average ~1.8% crypto-to-fiat cost of other cards, converting crypto with RedotPay Card is much more cost-effective (~1.18%). This means that you will get more USD for your crypto when using this card.
From all crypto cards we reviewed, WhiteBIT Card, Holyheld Card and Crypto.com Card offer the cheapest crypto-to-fiat conversions (~0.28%, ~0.5% and ~0.75% respectively), while converting crypto with OWNR Card will cost you the most, ~4.64%.
How Does RedotPay Card Compare to Other Crypto Cards?
RedotPay Card ranks #14 out of 47 amongst all the crypto cards we have reviewed so far. This means it's in the Top 30%.
Strongest Features Against Competitors
Here are the strongest features of RedotPay Card against its 46 competitors:
- Offers Apple Pay (while 40% of competing crypto cards don't).
- Offers a generous 100,000 USD daily spend limit (other cards offer 13,000 USD limit on average).
- Provides a substantial ATM widthdrawal allowance of 100,000 USD per day (average amongst other cards is only 700 USD).
- 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).
- You can get both a physical card and a second virtual card (while 60% of competing crypto cards offer only one type - either physical or just virtual).
- Their crypto-to-fiat conversion cost, including all related fees and spread, is among the lowest at ~1.18% (versus an average of ~1.8% with other cards.)
- Their overall fee structure is incredibly budget-friendly, with a score of 8.2/10 (average fee structure rating amongst other cards is 6/10).
Weakest Features Against Competitors
Compared to its 46 competitors, here are the shortcomings of RedotPay Card:
- Doesn't offer any cashback (while other cards give an average of 4%).
- Supports only 4 cryptocurrencies (while other cards support an average of 20).
- Doesn't offer any free ATM withdrawals (in contrast to 50% of crypto cards which offer an average of 200 USD free withdrawal allowance per month).
RedotPay Card vs. Wealthsimple Card vs. Nexo Card
RedotPay Card
|
Wealthsimple Card
|
Nexo Card
|
|
|---|---|---|---|
| Monthly Fee | 0.00 USD | 0.00 CAD | 0.00 EUR |
| Crypto to Fiat Cost | ~1.18% | ~3% | ~0.75% |
| Highest Cashback | None | 1% | up to 2% |
| Entry-Level Cashback | None | 1% | 0.5% |
| Daily Spending Limit | 100,000 USD | 5,000 CAD | 10,000 EUR |
| Daily ATM Limit | 100,000 USD | 1,000 CAD | 2,000 EUR |
| Foreign Exchange Fee | 1.2% | 0% | 0.5% |
| Asset Management | Custodial | Custodial | Custodial |
Availability for  United States |
|||
| Supported Cryptocurrencies | 4 | 57 | 63 |
| Apple Pay | Enabled | Enabled | Enabled |
| Customer Service | Average | Great | Great |
| Company Strength | Medium | Medium | Strong |
If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. RedotPay Card offers the highest daily spending limit of 100,000 EUR. You will get lower daily limits with Wealthsimple 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%. The cashback rewards for Wealthsimple Card are not as high. With RedotPay 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.
RedotPay Card ATM Fees: The Real Cost of Cashing Out
Local ATM Withdrawals in USD
Here's a breakdown of the fees you'll face when making local ATM withdrawals with your RedotPay Card:
Starting with an initial amount of 200 USD in ETH, the ATM withdrawal with RedotPay Card will cost you a total of ~9.31 USD (4.7% of 200 USD), resulting in a final cash withdrawal of 190.69 USD in hand.
Doesn't RedotPay Card Offer Free ATM Withdrawals?
No, it doesn't. Which is a shame, because 50% of competing cards offer free ATM withdrawals, typically allowing up to 200 USD per month without fees.
International non-USD ATM Withdrawals
Things will get significantly worse for International ATM Withdrawals. If you're out of country and cashing out with your RedotPay Card, here's what it will look like:
For an international withdrawal using your RedotPay Card with an initial 200 USD in ETH, you'll incur fees totaling ~17.61 USD (8.8% of 200 USD), leaving you with 180.03 USD in the equivalent foreign currency.
Reality CheckOverall, RedotPay Card is slightly more expensive than other cards for local ATM withdrawals and slightly cheaper for international ATM withdrawals:
| Cost with RedotPay Card | Cost with Other Cards | |
| Local ATM Withdrawals | ~9.4 USD (4.7% of 200 USD) | ~9 USD (4.5% of 200 USD) |
| International ATM Withdrawals | ~17.6 USD (8.8% of 200 USD) | ~18.4 USD (9.2% of 200 USD) |
From all crypto cards that we reviewed, Holyheld Card, Netcoins Card and Bit2Me Card offer the cheapest local ATM withdrawals (2.5%, 2.6% and 2.7% of 200 USD respectively), while OWNR Card scores the worst, landing last on the list with a total local ATM withdrawal cost of 9% of 200 USD.
RedotPay Referral ID - to Get 5 USD Bonus
You can use referral id yfem7 to get 5 USD bonus when you create an account on RedotPay platform.
Here's how you can enter the referral id:
..or, just click here.
Your bonus will be paid out to you right after you create an account with RedotPay.
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. 🙏🤗
Is RedotPay Card Available for Residents of United States?
No, RedotPay Card is not available for residents of United States.
RedotPay Card supports the following countries: Aland, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Botswana, Brazil, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Cayman Islands, Chad, Chile, Christmas Island, Cocos Keeling Islands, Colombia, Comoros, Cook Islands, Costa Rica, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Estonia, Falkland Islands, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guyana, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg, Macao, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn Islands, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Rwanda, Saint Barthelemy, Saint Helena, Saint Lucia, Saint-Martin, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Seychelles, Sierra Leone, Singapore, Slovakia, Solomon Islands, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St Kitts and Nevis, St Vincent and Grenadines, Suriname, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, United Arab Emirates, United Kingdom, Uruguay, Uzbekistan, Vanuatu, Vatican City, Vietnam, Wallis and Futuna, Western Sahara, Zambia.
To see our list of available crypto cards for United States, see this list. There are currently 8 cards listed there.
You may also be interested in this article: Crypto Cards for USA: The Best Options for Americans.
Valuable Points. 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.
