Prepaid Mastercard crypto cards and who issues them

If you are looking for a prepaid Mastercard crypto card, the first surprise is how European the market has become. Most live Mastercard crypto programmes are issued by a small group of e-money institutions in the EU and UK and funded from stablecoins. The second surprise is that very few of them are prepaid in the strict sense. They behave like prepaid cards, since you can only spend what you hold, but technically they sell crypto from your account at the moment you pay. This guide covers the cards, the companies that issue them, and the fees that decide which one is cheapest for you.

Looking for Visa options such as Crypto.com, KAST or the Coinbase Card? They have their own page on crypto prepaid Visa cards. Here we stick to Mastercard.

The Mastercard crypto cards that are live today

Six programmes make up the core of the Mastercard side of our catalogue. Each tile shows what you pay to get the card, the FX fee and who holds your funds. That last point is where Mastercard stands out: two of the six are self-custody cards, and that is no accident.

Outside this core group are some smaller or narrower Mastercard programmes. KuCoin’s KuCard launched on Mastercard in Australia, issued by Immersve (AFSL 545925) and funded with USDC. MoonPay’s MoonAgents Card is a virtual Mastercard debit card issued by Monavate and aimed at AI agents and developers. It is live in the UK and Latin America. Bitget’s wallet card is reported to use Mastercard in Latin America and Europe. And Bitrefill sells a Virtual Prepaid Mastercard for US shoppers in amounts from $20 to $500. That last one is a gift-style card, not an account.

Is a Mastercard crypto card really prepaid?

Mastercard describes general-purpose prepaid cards as reloadable cards you can use anywhere Mastercard is accepted, with no credit check or bank account needed. By that standard, most crypto Mastercards feel prepaid. You can’t spend more than you hold, and nobody checks your credit score. But the providers themselves mostly avoid the word.

Bybit is the clearest example of how messy the labels are. Its official FAQ lists the Argentina card as a Mastercard prepaid card. Cards in Kazakhstan (including the AIFC), Georgia, Australia, Mexico and Brazil are listed as Mastercard credit cards, yet Bybit adds that the card “does not have its own wallet balance” and draws from your Funding Account. In the EEA, the card is issued by Harmoniie SAS with Moorwand Ltd. Our Bybit Card review breaks this down country by country.

Nexo has two modes. In Debit Mode you spend crypto, stablecoins or Nexo’s fiat-backed balances. In Credit Mode you borrow against your crypto through a credit line, with interest from 1.9% and no credit checks. OKX, Bleap and MetaMask are spend cards: OKX converts USDC or USDG to euros at checkout, while Bleap and MetaMask take tokens from your own wallet when you pay.

Why should you care? The structure decides what happens to your money if something goes wrong. A true prepaid balance sits with an e-money issuer. An exchange-linked card means your funds sit with the exchange. A self-custody card leaves them in your wallet until the second you pay. Our guide to debit vs prepaid vs credit crypto cards goes into the trade-offs.

The issuers behind Mastercard crypto programmes

Names on the issuer line come up again and again. Monavate, a UK e-money institution, issues the OKX Card and MoonPay’s MoonAgents Card, and is reported to have absorbed Baanx, the company behind the MetaMask Card outside the US. Moorwand holds the Mastercard licence used for Bybit’s EEA card. DiPocket UAB in Lithuania issues the Nexo Card. Bleap is itself a MiCA-licensed crypto-asset service provider in Latvia. Immersve issues KuCard in Australia.

This concentration cuts both ways. Specialist issuers know crypto and move quickly, which is why stablecoin cards have spread so fast. But when one of them pulls out, every card it supports can go dark at once. The Solflare card was paused in July 2026 after its issuer, Kulipa, wound down. The BitPay Card, a US prepaid Mastercard, ended in June 2023 when its issuing bank exited crypto. You can read that story in our BitPay Card status page.

Mastercard itself is leaning in. It runs a Crypto Partner Program with more than 100 firms. In June 2026 it added settlement support for six stablecoins, and it has agreed to acquire BVNK for up to $1.8 billion. For cardholders, the practical effect is more programmes and faster settlement. It does not change the fees you pay.

Real costs of Mastercard crypto cards

Fees vary much more by provider and country than by network. The table compares the published spending costs for each card. Where a provider doesn’t publish a figure, we say so instead of guessing.

A worked example shows why these small numbers matter. Say you spend €2,000 a month in another currency. On a card with a 2% FX fee that is €40 a month, or €480 a year. On Nexo’s weekday rate of 0.2% it is €4. Shop on weekends, when the rate rises to 0.7%, and it is €14. On Bleap, which advertises no FX or conversion fee, the published card cost is nothing. Rewards then decide the rest. Nexo pays cashback only in Credit Mode and only with a balance above $5,000. OKX pays cashback only on USDG purchases. Regular users get 2%, capped at €10 a month. Our crypto cashback cards page compares those caps.

Cash is a separate cost. Nexo’s free ATM allowance ranges from €200 a month on the Base tier to €2,000 on Platinum, then charges 2% with a €1.99 minimum. Bybit charges 2% once your free monthly allowance is used. Details and tips are in our guide to crypto card ATM withdrawals.

OKX vs Bleap: two stablecoin Mastercards for Europe

These two cards draw the most questions from European readers. Both are Mastercards, both spend stablecoins and both are recent arrivals. They differ on custody, which is the point that matters most.

OKX launched its card on 28 January 2026 across the EU and Norway, but not Iceland or Liechtenstein. It is run by OKX Europe Ltd under MiCA. Its strength is simplicity for people who already keep savings on OKX. Bleap suits people who want to hold their own keys, and its fee schedule is the leanest we have seen on any Mastercard. Read the full OKX Card review and Bleap review, or see the wider picture in our self-custody cards hub.

Mastercard and Binance: what happened to the Binance Card

The Binance Card is the best-known Mastercard crypto card, and also the most confusing one. Today it is available only to Binance users resident in Brazil, who need a Brazilian ID document. The timeline below explains how it got there.

1. 30 Jan 2023
   Binance and Mastercard launch in Brazil

   Mastercard’s press release calls it a prepaid crypto card; the issuer at launch was Dock.

2. Aug–Sep 2023
   Co-branded programmes wound down

   Binance and Mastercard end co-branded cards in several markets, including Brazil.

3. 1 Oct 2025
   Brazil relaunch

   The Binance Card returns in Brazil on Mastercard. The current issuer is not disclosed.

4. Oct 2026
   Still Brazil only

   The official page lists Brazil as the only supported country. Reports of other launches could not be confirmed.

In Brazil the card has no annual or issuance fee, a 0.9% conversion fee, an FX fee of 1–2% and up to 3% cashback. Spending is capped at 25,000 BRL a day, and you get two free ATM withdrawals a month. The earlier European Binance card ran on Visa and is no longer offered. Our Binance Card review has the full fee and limit tables. For Brazilian readers choosing between the two big exchange cards, our Binance Card vs Bybit Card comparison covers Pix funding and BRL limits, and the Brazil country guide adds the local rules.

Mastercard, PayPal and crypto prepaid cards: a short explainer

Many readers ask whether a crypto Mastercard will work with PayPal, or whether PayPal fits into the crypto card picture at all. There are three separate questions here.

Adding a crypto card to PayPal. A reloadable card in your own name, from a verified account, generally behaves like any personal card. Gift-style prepaid cards are different. Many merchants, including PayPal, Venmo and Cash App, reject prepaid or gift card numbers, and Bitrefill’s US prepaid card terms rule out PayPal explicitly. If you need PayPal compatibility, a fully verified exchange or wallet card is a safer bet than a one-off prepaid card.

Using PayPal to fund crypto. Some on-ramps accept PayPal for buying crypto. MoonPay, for example, lists PayPal in the US, UK and most of the EU. That crypto can then fund a card, but it is a buying route, not a card feature.

PayPal’s stablecoin and Mastercard. Mastercard’s June 2026 settlement expansion added PYUSD alongside USDC, USDG, USDP, RLUSD and SoFiUSD. This happens between issuers and the network, so it does not let you spend PYUSD on any particular card by itself.

Which Mastercard crypto card to pick

If you live in the EEA or UK and want the lowest running costs with a custodial provider, Nexo is hard to beat, as long as you can live with its tier system. A physical card needs a balance above $5,000 and the Gold loyalty tier. If you hold stablecoins and want to keep custody, Bleap is our first pick, with MetaMask close behind for people who already use its wallet. OKX makes sense for existing OKX users who keep savings in USDC or USDG. Outside Europe, Bybit has the broadest Mastercard footprint, with different card types in Argentina, Australia, Mexico, Brazil, Georgia and Kazakhstan. Brazilian residents can add the Binance Card to that shortlist.

Whichever card you choose, check the fee page for your own country. Also read the provider’s statement on who issues the card. Our Europe country guide explains the MiCA licensing that now applies to providers like OKX and Bleap.

Frequently asked questions

Sources and official pages

1. Bybit EU — card page and issuer statement
2. Bybit Help — fees and spending limits by region
3. Nexo — Nexo Card
4. Binance — Binance Card (Brazil)
5. OKX Learn — OKX Card Europe explained
6. MetaMask — MetaMask Card
7. Bleap — card and fees
8. Mastercard — stablecoin settlement expansion (June 2026)

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