BasedApp Card
VisahybridKYC: required
3.0 / 5
Net Reward0.0
Availability4.5
Custody & Risk3.5
Features3.5
BasedApp provides a Visa prepaid debit card for crypto holders to spend stablecoins like USDC or XSGD at Visa-accepting merchants. Users top up with supported crypto and spend directly, bypassing traditional banking. Cards are issued via Xfers Pte. Ltd (StraitsX) with a Major Payment Institution license.
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Slug: basedapp-card
Latest News
BasedApp discontinuing Singapore Visa card services
September 1, 2025
BasedApp has announced it will discontinue its Visa card services in Singapore, effective November 15, 2025
Our Verdict
Stablecoin holders who want a frictionless way to spend their digital assets in everyday life without converting back to traditional banking, international crypto users across 160+ countries who need global spending capabilities, and active Hyperliquid traders who want to easily spend their trading profits.
Pros and cons
Pros
- No staking requirements for card access, unlike many competitors that require native token staking
- Gasless deposits eliminate blockchain transaction fees for users
- Multi-network support (Solana, Arbitrum, Polygon, Hyperliquid) provides flexibility
- Integration with Hyperliquid trading creates a seamless ecosystem for trading and spending
- Auto-convert feature enables seamless spending without manual top-ups
- Accessible $100 entry point with Hype Card
- Broad geographic availability across 160+ countries
- Non-custodial wallet architecture for primary holdings
Cons
- Singapore card services discontinued (November 2025) - no longer available for Singapore residents
- Legacy Standard Card was limited to only three countries before discontinuation
- No ATM withdrawal functionality on any tier
- Withdrawal functionality remains limited (not currently enabled)
- Apple Pay support status unclear due to conflicting official information
- Card portfolio cannot be converted to trading wallet
- 14-day delay for points crediting after card spend
- Limited cryptocurrency support focused primarily on stablecoins
- Legacy Gold Card's high entry cost ($1,499) before discontinuation
Supported chains
ArbitrumBasePolygonSolana
Supported cryptos
SOLUSDC
Fees
Annual: See card_tiers
Issuance: See card_tiers
Crypto To Fiat: 1%
Purchase Transaction: No per-transaction fees for card purchases
Key Features
- Gasless crypto deposits with no top-up fees (BasedApp covers blockchain transaction fees)
- Smart Convert feature automatically converts available crypto to cover transactions
- Integration with Hyperliquid trading platform
- Points-based rewards system with double points on subscription services
- Virtual cards issued instantly after KYC
- Non-custodial wallet with card functionality
- Multi-network support: Solana, Arbitrum, Polygon, Hyperliquid
- 70M+ merchant acceptance worldwide
Limitations
- No ATM withdrawal functionality on any tier
- Singapore card services discontinued (November 2025)
- No Apple Pay support currently available (conflicting information in official sources)
- Withdrawal functionality remains limited (not currently enabled)
- Card portfolio funds cannot be converted into the trading wallet
- 14-day delay for points crediting after card spend
- Limited cryptocurrency support focused primarily on stablecoins
- Legacy Gold Card had high entry cost ($1,499 initial fee)
Risks
- RegulatoryBasedApp withdrew its Payment Services Act (PSA) license application with the Monetary Authority of Singapore and subsequently exited the Singapore card services marketNovember 2025
- CounterpartyCard funds are held in segregated custodial accounts - if provider disappears, users may lose access to card funds (though wallet assets remain accessible)No government deposit insurance as this is not a bank deposit
- MarketSingapore market exit created disruption for local users who were required to close cards and withdraw funds within tight deadlinesCards closed November 15, 2025; fund withdrawal deadline November 30, 2025
Rewards & Cashback
Notes: Points are credited 14 days after card spend (settlement delay). Gold members can achieve up to approximately 1.5% effective cashback at the highest redemption tier due to their accelerated points earning rate.
Cashback Cap: Tiered redemption: 5,000 pts = 5 XSGD (0.3%), 15,000 pts = 25 XSGD (0.5%), 30,000 pts = 100 XSGD (1%)
Reward Token: XSGD (redeemed from points)
Cashback Rate: Points-based: Standard 4 pts/USD (8 on subscriptions), Gold 6 pts/USD (12 on subscriptions) - up to ~1.5% effective cashback at highest redemption tier for Gold
Eligibility Requirements: No staking requirements for card access
Spending Limits
Notes: Standard Card had S$3,000 daily (~$2,200 USD) limit
Atm Daily: Not supported
Atm Monthly: Not supported
Daily Spending: Up to $30,000 USD (Gold Card)
Monthly Spending: $90,000 USD (Hype Card)
Top-Up Methods
USDC (Solana, Arbitrum, Polygon, Hyperliquid)XSGD (Polygon)SOL (Solana)
Processing Time: Deposits are settled instantly into card balance
Banking & Financial Services
✗
IBAN
✗
SEPA Transfers
✗
SWIFT
✗
Virtual Accounts
✗
Direct Deposit
Direct bank deposit feature planned but not currently enabled
Credit & Loan Products
Security Features
Features: Card freeze/unfreeze functionality,Transaction notifications,EMV chip for secure transactions,3-D Secure for online payments,Visa Zero Liability protection for unauthorized transactions,MPC (multi-party computation) technology for secure key management
Insurance: Fireblocks institutional-grade custody includes security infrastructure and insurance, but no government deposit insurance
Custody Partners: Fireblocks
Mobile Wallet Support
Google PayiOSAndroid
Best For
Stablecoin holders who want a frictionless way to spend their digital assets in everyday life without converting back to traditional banking, international crypto users across 160+ countries who need global spending capabilities, and active Hyperliquid traders who want to easily spend their trading profits.
Custody Model
hybridUsers control private keys for their main wallet (non-custodial). Card funds are transferred to and held by the platform in segregated custodial accounts (Fireblocks) for spending.
Risk: If provider disappears, users keep access to wallet assets but may lose access to card funds. There is no government deposit insurance as this is not a bank deposit.
Card Issuer & Compliance
Issuer Name: Xfers Pte. Ltd (StraitsX)
Kyc Required: true
Issuer License: Major Payment Institution (MPI) license under the Monetary Authority of Singapore (MAS)
Platform Licenses: Partnership with MPI-licensed card issuer (Xfers/StraitsX),Compliance with international sanctions and anti-money laundering regulations
Availability
Available in 184 countries. Restricted in 13 countries including United States, Mainland China, and sanctioned countries. Legacy cards were limited to Singapore (ending Nov 2025), Hong Kong, Malaysia. Hype Card available in 160+ countries (excl. US, Mainland China).
Card Tiers
Standard Card (Legacy - Discontinued)
PhysicalPlastic with orange design
Singapore, Hong Kong, Malaysia residents only
Fees
Issuance: $30 USD annual fee + $70 USD physical card (annual fee waived for Singapore residents)
Top-up: Free
VisaGoogle Pay
Cashback: 4 points per USD (8 on subscriptions) - ~0.3-1% effective
ATM Free: Not supported
Card replacement: $70 USDForeign transaction fee: 1.5%
Gold Card (Legacy - Discontinued)
PhysicalPremium stainless steel (20g) with gold-polished mirror finish
100+ countries worldwide (excluding US, China, and ~80 restricted jurisdictions)
Fees
Issuance: $1,499 initial fee (includes first year)
Top-up: Free
VisaGoogle Pay
Cashback: 6 points per USD (12 on subscriptions) - up to ~1.5% effective
ATM Free: Not supported
FX Free: 0% foreign transaction fees
Annual renewal: $550 USD (after first year)Card replacement: $200 USDPriority Pass: 8 complimentary airport lounge visits per year (max 2 per quarter)Subscription rebates: Up to $20 USD monthly on Netflix, Spotify, YouTube Premium, etc.Conference rebate: Up to $200 USD annual rebate on one crypto conference ticketDaily spending limit: Up to $30,000 USDFree international delivery (registered mail)Personalized limited-edition design
Hype Card (Current)
PhysicalTBD
160+ countries (excluding US, Mainland China)
Fees
Issuance: $100 USD
Top-up: Free
Monthly: Included in initial fee
Monthly Limit: $90,000 USD
VisaGoogle Pay
Cashback: TBD
ATM Free: Not supported
Foreign transaction fee: 1%International shipping includedVirtual card issued instantly upon KYC approval
User Ratings
No public user ratings available yet. Support rated 9/10 in independent reviews with response times typically under an hour.
Roadmap & Updates
Expansion: Additional card tier sign-ups around January 2026
Planned Features:
- Withdrawal functionality to move funds from card back to crypto or bank
- Direct bank deposit feature
- Multi-currency accounts
- Apple Pay full functionality (targeted Q4 2025)
Recent Updates:
- Singapore card services discontinued November 2025
- New Hype Card tier launched
- iOS app now available on Apple App Store
- Transitioning to new Hype Card under Based.one
Conclusion
BasedApp has established itself as an innovative crypto card solution that effectively bridges the gap between cryptocurrency holdings and real-world spending, though it has undergone significant changes in late 2025. The platform stands out for its user-friendly approach to crypto spending, offering gasless deposits, no top-up fees, multi-network support (Solana, Arbitrum, Polygon, Hyperliquid), and competitive conversion rates that make it cost-effective compared to many alternatives. The platform has transitioned from a two-tier legacy system (Standard and Gold) to a new card program featuring the Hype Card at a $100 entry point with $90,000 monthly spending limits. However, the platform has experienced notable challenges including the discontinuation of Singapore card services in November 2025, absence of ATM withdrawal functionality, and conflicting official information regarding Apple Pay support. BasedApp is ideally suited for crypto-savvy individuals across 160+ countries who regularly hold stablecoins and want a frictionless way to spend them in everyday life.
Card launched: 2023
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