Card to the Future
Illustration in the plan's colour, not the issuer's artwork

Kolo Card

VisaHybridKYC fulldebit

Kolo is a crypto wallet app (iOS, Android, Telegram, web) with free virtual-only Visa Platinum cards in USD and EUR, funded from your crypto and converted at each payment. Cashback is BTC, 2% for the first 30 days then 1%, with small per-transaction caps; the card carries a 1% Kolo conversion fee.

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43Card Score, #8 of 36
−$30You keep a year
C55Trust points of 100
84%Key fields with a source

Plans side by side

USD Card
EUR Card
Price
Monthly priceFree1Free1
Yearly priceFree1No annual fee published; Fees & Pricing lists no monthly account or maintenance feeFree1No annual fee published; Fees & Pricing lists no monthly account or maintenance fee
Virtual card feeFree1,4Free, but activation needs a deposit of the equivalent of $10 (10 USDT/USDC/DAI or 9 EURC/EURI); it is refunded as a USD "card issue bonus" that is spend-only, not withdrawableFree1,4Free, but activation needs a deposit of the equivalent of EUR 10; refunded as a spend-only "card issue bonus" in USD
Staking needed0101
Other requirementsCompleted identity verification; card availability depends on verification country and document country4,12EUR card may need proof of addressCompleted identity verification; card availability depends on verification country and document country4,12EUR card may need proof of address
Rewards
Cashback2%22% for the first 30 days after card activation, then 1%2%22% for the first 30 days after first EUR card issue, then 1%
Paid inBTC2Always paid in BTC, valued at Kolo's rate at authorizationBTC2Always paid in BTC, valued at Kolo's rate at authorization
Cashback cap a month$1002In BTC equivalent, $100 a month. Per transaction: $2 in the 2% period, $1 afterwards; minimum qualifying purchase $1€1002In BTC equivalent, EUR 100 a month. Per transaction: EUR 2 in the 2% period, EUR 1 afterwards; minimum qualifying purchase EUR 1
Earns onAll merchants worldwide, any category, personal cards2All merchants worldwide, any category, personal cards2
No cashback onBusiness and co-branded cards; accounts with suspicious or abusive activity can be limited2Kolo may change, suspend or end the programme at any time without noticeBusiness and co-branded cards; accounts with suspicious or abusive activity can be limited2Kolo may change, suspend or end the programme at any time without notice
VestingNone stated. Pending until the transaction clears, then paid daily; clearing takes about 1-3 days (USD) or up to 14 days (EUR)2None stated. Pending until the transaction clears, then paid daily; clearing takes about 1-3 days (USD) or up to 14 days (EUR)2
PointsNo2No2
PerksVisa Platinum benefits, managed by Visa not Kolo, Bitcoin cashback3Kolo has no direct integration with Visa LoyaltyVisa Platinum benefits, managed by Visa not Kolo, Bitcoin cashback3Kolo has no direct integration with Visa Loyalty
Fees
FX fee1%1Visa FX +1% on non-USD payments (pass-through). Other 1% costs apply on top: 1% Kolo conversion on every card payment and +1% issuer fee on USD payments at non-US merchants. Real payments by users reported lower totals, about 0.35% to 1% over the Visa rate on a USD card, and 1% to 2.6% on EUR payments (see tests); issuer figures kept here1.35%1,6Visa rate + 0% on USD/EUR/GBP, +0.55% on CHF, CZK, DKK, GIP, HUF, ISK, NOK, PLN, RON, SEK, +1.35% on other currencies. Penchan lists 1% conversion + 1.35% for USD payments, which the issuer pages do not show. A user measured about 1% lost on EUR payments in Sep-2026 (see tests)
Crypto conversion fee1%11% Kolo conversion fee on each card payment. The home page claims 0% mark-ups on USDT, USDC, EURC; the two statements are not reconciled by Kolo1%11% Kolo conversion fee on each card payment. The home page claims 0% mark-ups on USDT, USDC, EURC; the two statements are not reconciled by Kolo
Top-up fee0%1,100% on crypto deposits; network fees apply. USD card cannot be topped up by card1%10Crypto deposits 0%. Card-to-card top-up to the EUR card carries a 1% FX fee on the converted amount
ATM fee0.65%8—ATM withdrawals not available on EUR card
ATM fixed fee$18Balance inquiry and declined ATM attempt cost $0.60 each; ATM operator surcharges extra—ATM withdrawals not available on EUR card
Inactivity feeFree1No inactivity fee listed in Fees & Pricing; Cryptonoshi also lists 0Free1No inactivity fee listed in Fees & Pricing; Cryptonoshi also lists 0
Decline feeFree1No fee for declined purchases listed; declined ATM attempts cost $0.60Free1No decline fee listed
Limits
Limit per payment—No general per-transaction limit published; category caps apply (e.g. $2,000 gaming, $10,000 ad services)€30,0006EUR 30,000 per transaction
Spend limit a day$9,0005Personal account-wide limit in $, shared across wallets; resets 00:00 UTC; higher limits on request with source-of-funds documents€9,0005Personal account-wide limit in $, shared across wallets; resets 00:00 UTC; higher limits on request with source-of-funds documents
Spend limit a month$9,0005Personal account-wide limit; resets on the 1st, 00:00 UTC€9,0005,6Account-wide $9,000 limit also applies; the EUR card itself allows EUR 30,000 a month per card
ATM limit a day$5008,7$500 per withdrawal, max 3 withdrawals per rolling 24 hours; fixed, cannot be raised—Not available

Real payments

Conversion spread paidCryptonoshi, Nov-02, 2026About 0.32% sell spread when converting BTC to USD at payment20
FX markup paidFinek chat member, Sep-12, 2026About 1% lost on a EUR payment from EURC or USDC at the forex rate on the EUR card22
FX markup paidFinek chat member, Sep-24, 2026About 0.35% over the rate paying in GEL; the tester noted a decline and planned a recheck23
FX markup paidFinek chat member, Dec-11, 2025About 0.9% over the exchange rate on a EUR 19 payment, with conversion through USD24

What someone actually paid, which can differ from the advertised fee. Each test is one payment or a few, so treat it as a signal.

What you keep

Rewards you can spend$120 paid in a volatile token, counted at 95%+$114
FX fee on foreign spend−$24
Fees on every purchase−$120
Net a year, USD Card plan−$30

$1,000 a month, 20% in a foreign currency, no staking. Change

Trust

Licence and regulator7 of 25

Named card issuers, but Kolo does not name its own entity. A Kazakh AFSA licence comes from third parties only.3,18

Custody and fund protection11 of 20

Wallet uses shared keys, while the card balance is fiat held for you, so it is hybrid.9,18

Incidents in the last 24 months17 of 20

No hack or freeze found. Fee and cashback terms moved in Jul 2026.2

Track record and verified volume9 of 15

$137M spend tracked by Paymentscan since Feb 2025.19

Published fees and terms6 of 10

Full fee page, but the home page says 0% mark-up while that page charges 1% conversion.1,3

Support and user sentiment5 of 10

Help centre, Telegram and email. Users report refund and app problems.27,24

Company

Legal entityHardline Holding Limited (AIFC, Kazakhstan); earlier operators Cryppo UAB (Lithuania) and BURVIX Sp. z o.o. (Poland)18Per Penchan; Kolo's own pages do not name the entity. Finek also reports Hardline Holding with a Kazakh AFSA licence
HeadquartersKazakhstan18,28Operator is registered in the AIFC; team reps reported in Portugal and UK by Cryptonoshi
Founded202218Per a press release cited by Penchan
Websitekolo.xyz16
X@KoloHub16
Telegramhttps://t.me/koloann16

Issuer and licence

Card issuerBanco Popular de Puerto Rico (USD card, BIN 454,905); WIREX, LTD, UK (EUR card, BIN 442,601)3From Kolo Card Overview; the issuer is assigned by verification. Older third-party pages name Rain/Nimbus with BIN 45,492,406 for the USD card; not confirmed by Kolo
Program managerKolo3
NetworkVisa3
Card levelVisa Platinum3

The card

Statuslive16,3
Launched2025-0219,20Per Paymentscan and Cryptonoshi; the EUR card followed in Jul-2026 (Kolo cashback page dates the EUR launch to Jul-24, 2026)
Typedebit20Cryptonoshi calls it a debit card that is classified as credit at the backend
FormsVirtual3Physical cards planned for 2027
Custodyhybrid9,18Kolo says the wallet is non-custodial (MPC); the card-linked USD balance is fiat and not self-custodial per Penchan
How custody worksWallet secured by MPC: the user holds a key share needed to authorise every transaction; Kolo holds its own share, which alone cannot sign9Per Penchan, the card-linked USD "card issue bonus" balance is fiat and spend-only
KYCfull12
KYC documentsValid original ID document plus selfie liveness check; proof of address when requested (e.g. EUR card); source-of-funds documents for limit increases12
KYC timeUsually a few minutes; manual review up to 1 hour12
Settles inUSD (USD card); EUR (EUR card)3
Card currenciesUSDEUR3

Funding

Crypto acceptedBTCETHLTCUSDTUSDCDAIEURCEURI16,4Home page says any crypto and most of the top 20 by market cap; BNB cannot be used for card payments
ChainsStellarPolygonSolanaBNB ChainTronTezosEthereumBitcoinBaseArbitrumLitecoin11Which asset runs on which network is not published
Fiat top-upcard-to-card10USD card: crypto only
Deposit fees0% on crypto deposits; sender network fees apply1,10
Minimum depositEach asset and network has its own minimum shown in the app; first activation deposit is the equivalent of $10 (USD card) or EUR 10 (EUR card)4,10
Spends fromCrypto balance converted at the moment of payment; several assets can be combined in one payment3A 1% slippage buffer is held temporarily and returned if unused

Payments

Apple Pay13USD card needs a country of residence where Apple Pay is available
Google Pay13
Samsung Pay13Not available yet; use Google Wallet on Samsung phones
3-D Secure14In-app confirmation (EUR cards, USD cards issued after May-18, 2026) or SMS/email code
Contactless13Through Apple Pay or Google Pay only; no physical card
Online subscriptionsYes16Kolo names Amazon, Netflix and Steam; some merchants are blocked (see restricted MCCs)
Blocked merchantsUSD card: weapons, wire transfers, quasi-cash, securities brokers, money transfer, gambling and lotteries, dating and escort services, adult content (most), political and religious organisations, among others; EUR card: 5122MCC 5122: Drugs and pharmacy wholesale, 5169, 5960, 5962, 5966, 7273MCC 7273: Dating and escort services, 7297, 7801MCC 7801: Government-licensed online casinos (US). Named blocked merchants include Wise, MoonPay, eToro, Skrill, Neteller7,6Full lists in the linked help articles; lists are not exhaustive

Where it works

RegionsEurope (EEA)United KingdomLatin AmericaAsia-PacificMiddle EastAfrica20Per Cryptonoshi country list; Kolo's page lists countries at kolo.xyz/countries
United States20,18Not confirmed by Kolo itself
United Kingdom20
EEA20,16
Excluded countriesSyriaSyriaIranIranCubaCubaNorth KoreaNorth KoreaRussiaRussiaUkraineUkraineVenezuelaVenezuela7Card use blocked for the USD card; Taiwan reported as not open (Penchan)

Account

IBANNo10No IBAN to receive money; EUR withdrawal to a bank IBAN exists
P2P transfersYes16Send funds in the app and by email (help centre)
Crypto to bankEUR IBAN (SEPA) withdrawal for 1 EUR per transfer1
Multi-currencyYes3USD and EUR cards
OtherIn-app swap between supported assets; up to 100 wallets per account, 3 active cards at once4,16

Security

Freeze card27Card Lock & Termination article
Two-factorYes14Kolo help centre has a 2FA article; 3DS confirmations in app, SMS or email

App

App StoreOpen in App Store16Kolo's download link; store pages not read
Google PlayOpen in Google Play16
LanguagesEnglishGermanKazakhPortugueseRussianSpanishTurkishUkrainian20
Web app18Also a Telegram mini app (@kolo)
SupportHelp centreTelegram botEmail27,20

Reputation

Trustpilot reviews4726Snapshot count, listed under kolo.in; one snapshot shows 50
Common complaintsPayments in euros reported to go through a double conversion on early tests, Refunds land on the fiat card balance rather than crypto, App bugs reported by some users, Per-transaction cashback cap of $1 after the first month limits larger purchases, Activation deposit comes back only as spend-only card balance24,25,2
Common praiseStable, low extra cost on USD-card payments in third currencies per some users, BTC cashback, Support replies quickly (Cryptonoshi test), Wide range of identity documents accepted20,28

Adoption

On-chain spend, all time$137,100,00019Paymentscan on-chain estimate, settlements are batched
On-chain spend, last month$20,500,00019October 2026

Referrals

User referralsReferrer earns up to 40% of Kolo's fee on referrals' fee-based transactions15Finek reports partner links with 5% BTC cashback for three months on EUR cards for new users; not on Kolo's cashback page

Incidents and changes

Jul 2026Kolo launched its BTC cashback programme (2% for 30 days then 1%) on Jul-24, 2026 and the EUR card on Wirex; the wallet moved to an MPC non-custodial model.2,9,18fee change

Regional differences

US merchants (USD card)crypto conversion fee: 11
Non-US merchants (USD card)fx fee: 21,18

More details

Activation depositUSD card: 10 USDT, USDC or DAI (or 9 EURC/EURI). EUR card: equivalent of EUR 10. Refunded as a spend-only "card issue bonus" in USD4,1
Payment balance bufferAbout 1% held during conversion (help centre); the USD card risk page advises keeping about 2%1,7
Card issuance limitsUSD: up to 50 new cards per 90 days; EUR: up to 5 over the account lifetime; 3 active cards at once3
Referral-link promo (reported)5% BTC cashback for three months on EUR cards for new users via partner links, capped at $5 per transaction, per Finek; Kolo's cashback page lists only 2% then 1%21
EUR card currency surchargesUSD/EUR/GBP 0%; CHF, CZK, DKK, GIP, HUF, ISK, NOK, PLN, RON, SEK +0.55%; other currencies +1.35%6
Apple Account region for Apple servicesUSD card needs an Apple Account set to the United States; EUR card needs the United Kingdom13

Quick answers

What does the Kolo Card cost?

The USD Card plan: Free a month, — for a physical card.

How much cashback does the Kolo Card pay?

2% on the USD Card plan, paid in BTC.

What is the Kolo Card FX fee?

1% on the USD Card plan.

Is the Kolo Card custodial?

Hybrid. Wallet secured by MPC: the user holds a key share needed to authorise every transaction; Kolo holds its own share, which alone cannot sign

Is the Kolo Card available in the US, the UK and the EEA?

US: no. UK: yes. EEA: yes.

How much do you keep with the Kolo Card?

−$30 a year on the USD Card plan at $1,000 a month with 20% in a foreign currency, after every fee.

Sources

  1. Kolo Help Center: Fees & Pricing, issuer, Nov-05, 2026
  2. Kolo Help Center: Cashback Program (page dated Sep-30, 2026), issuer, Nov-05, 2026
  3. Kolo Help Center: Card Overview, issuer, Nov-05, 2026
  4. Kolo Help Center: Personal Card Activation, issuer, Nov-05, 2026
  5. Kolo Help Center: Spending and Transaction Limits, issuer, Nov-05, 2026
  6. Kolo Help Center: Visa EUR 442601 Card Limits and Restrictions, issuer, Nov-05, 2026
  7. Kolo Help Center: Visa USD 454905 Card Risk Rules & Decline Reasons, issuer, Nov-05, 2026
  8. Kolo Help Center: Cash Withdrawal, issuer, Nov-05, 2026
  9. Kolo Help Center: Your Kolo Wallet, How It Works, issuer, Nov-05, 2026
  10. Kolo Help Center: How to Top Up Your Balance, issuer, Nov-05, 2026
  11. Kolo Help Center: Crypto Deposits, issuer, Nov-05, 2026
  12. Kolo Help Center: Kolo Verification, How It Works, issuer, Nov-05, 2026
  13. Kolo Help Center: Add Your Kolo Card to Apple Pay, Google Pay and More, issuer, Nov-05, 2026
  14. Kolo Help Center: 3D Secure (3DS), issuer, Nov-05, 2026
  15. Kolo Help Center: Referral Program, issuer, Nov-05, 2026
  16. Kolo home page and FAQ, issuer, Nov-05, 2026
  17. Kolo blog: USDT Visa card, issuer, Nov-05, 2026
  18. Penchan: Kolo card guide, review, Nov-05, 2026
  19. Paymentscan: Kolo, paymentscan, Nov-05, 2026
  20. Cryptonoshi: Kolo Card review, Last Updated Nov-02, 2026, review, Nov-05, 2026
  21. Finek channel post, Sep-10, 2026, community, Nov-05, 2026
  22. Finek chat, user report, Sep-12, 2026, community, Nov-05, 2026
  23. Finek chat, user report, Sep-24, 2026, community, Nov-05, 2026
  24. Finek chat, user report, Dec-11, 2025, community, Nov-05, 2026
  25. Finek chat, user report, Sep-12, 2026 (complaints), community, Nov-05, 2026
  26. Trustpilot: Kolo reviews, trustpilot, Nov-05, 2026
  27. Kolo Help Center: Card collection, issuer, Nov-05, 2026
  28. Finek channel post, Jan-21, 2026, community, Nov-05, 2026

Something wrong or out of date? Report it with a source.