CEX.io Card
MastercardcustodialKYC: required
2.5 / 5
Net Reward2.0
Availability2.0
Custody & Risk2.0
Features3.0
UX4.2
The CEX.IO Card is a virtual Mastercard debit card designed to enable spending cryptocurrencies for everyday purchases, with seamless integration to the CEX.IO exchange wallet. Users benefit from instant crypto-to-fiat conversion at the point of sale, supporting over 100 cryptocurrencies with a customizable wallet prioritization system.
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Slug: cex-io-card
Our Verdict
Active CEX.IO exchange users who want to easily spend their crypto holdings without withdrawing to a bank account, European cryptocurrency holders in EEA countries who value simplicity and low fees over guaranteed cashback programs, and mobile wallet users who prefer contactless payments via Apple Pay and Google Pay.
Pros and cons
Pros
- Zero issuance and maintenance fees
- No staking requirements to access the card
- Support for 100+ cryptocurrencies
- Customizable payment priority for linked wallets
- Seamless integration with Apple Pay and Google Pay
- Simple application process with instant digital issuance
- Regulated payment institution issuer (KNF-supervised)
Cons
- Virtual card only - no physical card option
- Promotional cashback rewards rather than fixed cashback rates
- Limited to EEA countries only
- Relatively modest spending limits
- Variable conversion costs (not disclosed as fixed percentage)
- ATM withdrawal functionality temporarily unavailable
Supported chains
BaseBitcoinEthereum
Supported cryptos
BTCDOGEETHLTCPEPESHIBSOLUNIUSDCUSDTXRP
Fees
Annual: €0.00
Monthly: €0.00
Issuance: €0.00
Crypto To Fiat: Variable with market conditions
Purchase Transaction: 0% for EUR transactions, 1% for non-EUR transactions
Key Features
- Virtual Mastercard debit card linked directly to CEX.IO exchange wallet
- Support for 100+ cryptocurrencies with customizable spending priority
- Zero issuance, maintenance, and EUR transaction fees
- Apple Pay and Google Pay integration for contactless payments
- Real-time crypto-to-fiat conversion at point of sale
- Customizable wallet prioritization system for up to 4 crypto wallets plus 1 EUR wallet
- No staking requirements to access the card
- Acceptance at over 30 million merchants worldwide
Limitations
- Virtual card only - no physical card option available
- Available only to residents of EEA countries
- Promotional cashback rewards rather than fixed cashback rates
- ATM operations are temporarily unavailable
- Relatively modest spending limits (€3,000 daily, €10,000 monthly)
- Variable conversion costs (not disclosed as fixed percentage)
- Maximum 25 transactions per day
Risks
- CounterpartyCustodial model means users lose access to funds if CEX.IO ceases operationsIf provider disappears, users lose access to funds held on the platform
- RegulatoryTemporary service suspension in the UK to comply with new regulations2023 - CEX.IO temporarily suspended services in the UK to comply with new regulations
- RegulatoryCard operates in rapidly evolving regulatory landscape; future changes could impact functionality, limits, or availabilityFuture regulatory changes in the EU or member states could impact card functionality, limits, or availability
Rewards & Cashback
Notes: Cashback programs are promotional in nature and managed through CEX.IO's Reward Center. Promotion periods, reward amounts, and terms are subject to modification or termination by CEX.IO. Recent examples include tiered rewards based on spending amounts (e.g., small amounts of SHIB and FLOKI for €1-10 purchases, up to 1,000 DOGE for transactions over €2,000).
Reward Token: Various cryptocurrencies (BTC, ETH, SOL, DOGE, PEPE, FLOKI, SHIB, ZIL)
Cashback Rate: Promotional/variable - random cryptocurrency rewards on qualifying purchases
Eligibility Requirements: Purchases of at least €1 for promotional rewards
Spending Limits
Notes: Maximum 25 transactions per day
Atm Daily: Temporarily unavailable
Atm Monthly: Temporarily unavailable
Daily Spending: €3,000
Monthly Spending: €10,000
Top-Up Methods
Direct spending from CEX.IO exchange walletSEPA bank transfer
Processing Time: Instant - crypto is converted to EUR at purchase
Banking & Financial Services
✓
SEPA Transfers
SEPA top-up available with €0.00 fee
Security Features
Features: Two-factor authentication (2FA) required for account access,3-D Secure authentication (OTP or push notifications) for online purchases,Real-time transaction monitoring in the CEX.IO app,Support for blocking/disabling the card,Push notifications for transactions and rewards,Biometric authentication support
Mobile Wallet Support
Apple PayGoogle PayiOSAndroid
Best For
Active CEX.IO exchange users who want to easily spend their crypto holdings without withdrawing to a bank account, European cryptocurrency holders in EEA countries who value simplicity and low fees over guaranteed cashback programs, and mobile wallet users who prefer contactless payments via Apple Pay and Google Pay.
Custody Model
custodialPlatform (CEX.IO) holds all crypto in user exchange wallets. Users do not control private keys; spending is managed via the app. Crypto is converted to fiat at purchase, but assets reside with CEX.IO until spent.
Risk: If provider disappears, users lose access to funds held on the platform.
Card Issuer & Compliance
Issuer Name: Quicko Sp. z o.o.
Kyc Required: true
Issuer License: National Payment Institution license IP52/2021, supervised by the Polish Financial Supervision Authority (KNF)
Platform Licenses: Gibraltar Financial Services Commission (GFSC) for European operations,FinCEN (USA) registration as a Money Service Business,EU financial regulations compliance,PCI DSS standards compliance,Mastercard network rules compliance
Availability
Available exclusively in European Economic Area (EEA) countries (30 countries). Restricted in 5 countries including United States, United Kingdom, Canada, Switzerland, and Ukraine.
Card Tiers
Standard
Virtual onlyVirtual only
Full KYC verification on CEX.IO required
Fees
Issuance: €0.00
Top-up: €0.00 (SEPA)
Monthly: €0.00
Monthly Limit: €10,000
MastercardApple PayGoogle Pay
Cashback: Promotional/variable
ATM Free: Temporarily unavailable
Up to 4 crypto wallets + 1 EUR wallet connectionsCustomizable payment priority orderInstant digital issuance via CEX.IO mobile appNo staking requirements
User Ratings
3.6/5.0 (23,332 ratings)
Trustpilot
4.2/5.0 (294,425 ratings)
Google Play
4.4/5.0 (12,713 ratings)
App Store
Mixed - positive comments highlight easy-to-use interface, convenient crypto spending, zero-fee structure, and smooth Apple Pay/Google Pay integration. Negative feedback mentions slow verification processes, withdrawal/deposit delays, inconsistent customer service experiences, and occasional card declines.
Roadmap & Updates
Expansion: No specific timeline provided
Planned Features:
- Physical card option (implied)
- ATM withdrawal functionality restoration
- Geographic expansion beyond EEA
Recent Updates:
- Card launched May 2024
- Cashback 2.0 promotion (May 2025)
- Black Friday 5× Cashback promotion (November-December 2025)
Conclusion
The CEX.IO Card provides a practical bridge between cryptocurrency holdings and everyday spending for eligible European users in the EEA. Its standout features include zero issuance and maintenance fees, broad cryptocurrency support, seamless integration with mobile payment systems, and a user-friendly wallet prioritization system. The most significant limitations are its virtual-only format, restricted geographical availability (EEA only), promotional rather than guaranteed rewards structure, and relatively modest spending limits. For EEA residents who actively use the CEX.IO exchange and value simplicity and low fees over guaranteed cashback programs, this card offers a convenient way to spend crypto at Mastercard merchants without pre-converting to fiat.
Card launched: May 2024
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