RedotPay Card

#14 (out of 48) in Crypto Cards
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6.8
Overall Rating
CRITERIA:
Company Strength
6
Fee Structure
8.2
Customer Service
6.3
PROS:
  • Generous Daily Spend Limit
  • Many under-served countries supported
CONS:
  • No cashback
  • Supports only 4 cryptocurrencies
Visa or MC
Debit or Credit

Prepaid Card

Denominated In$ USD
Apple PayEnabled
Monthly Fee

0.00 USD

Monthly Inactivity Fee

0.00 USD

Crypto to USD Crypto->USD Conversion Cost

~1.18%

Cashback

None

Daily Spending Limit

100,000 USD

Daily ATM Withdrawal Limit

100,000 USD

Foreign Exchange Fee

1.2%

Crypto to Fiat Conversion

Auto on Every Purchase

Crypto Asset Management

Custodial (stores crypto keys on your behalf)

Supported CountriesShow All (202)
Supported CryptocurrenciesBTCETHUSDCUSDT

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 WithdrawalsSecond Card Number
Required for Car Rentals, HotelsInstant Availability
Useful When Phone Dies, or no WifiFreeze for Safety
Backup Payment MethodSet 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
Crypto to Fiat Conversion Fee0%
Sell Spread~0.18%
Transaction Fee
1%
Total Crypto to USD Cost~1.18%
USD

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 48 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 47 competitors:

  • Offers Apple Pay (while 40% of competing crypto cards don't).
  • Offers a generous 100,000 USD daily spend limit (other cards offer 12,500 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 6.1/10).

Weakest Features Against Competitors

Compared to its 47 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 flagUnited 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:

You're at a local ATM and have:
0.0521 ETH (200 USD)
-2.36 USD
RedotPay Crypto-to-Fiat Conversion Cost: ~1.18%
-3.95 USD
RedotPay ATM Withdrawal Fee: 2%
-3 USD
ATM Operator Fee: ~3 USD
190.69 USD

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:

You're at an international ATM and have:
0.0521 ETH (200 USD)
-2.36 USD
RedotPay Crypto-to-Fiat Conversion Cost: ~1.18%
-3.95 USD
RedotPay Intl ATM Withdrawal Fee: 2%
-2.37 USD
RedotPay Foreign Exchange Fee: 1.2%
-1.98 USD
Visa Foreign Exchange Fee: 1%
-3 USD
ATM Operator Fee: ~3 USD
-3.95 USD
ATM Operator Foreign Exchange Fee: ~2%
Foreign Currency (worth 180.03 USD)

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 CardCost with Other Cards
Local ATM Withdrawals~9.4 USD (4.7% of 200 USD)~9.2 USD (4.6% 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:

RedotPay 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.

Informative Indeed. What's My Next Step?

Paulina Masson

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.

⭑cryptonoshi
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