COCA Card
MastercardhybridKYC: required
4.0 / 5
Net Reward4.8
Availability3.0
Custody & Risk3.5
Features4.0
UX4.0
COCA Card is a prepaid Mastercard issued via Wirex offering high crypto cashback rewards up to 8% with staking, 50% subscription rebates on Netflix, Spotify, Amazon Prime, and ChatGPT, and global spending flexibility across 48+ countries. The card supports multiple stablecoins across 14 blockchains and requires pre-loading with funds converted to EUR.
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Slug: coca-card
Latest News
Google Pay Integration
October 24, 2025
You can now link your COCA Visa Card to Google Pay.
COCA Version 2.0 Launch
September 1, 2025
COCA launches Version 2.0 of their program.
Cashback Currency Change
July 10, 2025
COCA Card now pays cashback in USDT instead of COCA.
Our Verdict
Crypto-native users who prioritize shared-custody security, stablecoin holders wanting everyday spending options, international travelers benefiting from zero FX fees, and reward maximizers seeking substantial cashback on regular spending.
Pros and cons
Pros
- Industry-leading cashback rates (up to 8% for Elite tier)
- Zero fees for most common transactions (issuance, annual, FX)
- 50% rebates on popular subscription services (Netflix, Spotify, ChatGPT, Amazon Prime)
- High daily spending limit (€30,000) across all tiers
- Passive income on card balances (6% APY up to tier-specific caps)
- Multi-chain support across 14 blockchains including NEAR, Aurora, Solana, and Tron
- MPC security protects against single-device theft or malware
- Private key export option provides ultimate fallback for self-custody
- Direct Google Pay integration now available in many regions
- COCA Travel offering up to 50% hotel discounts
- Strategic backing from Stellar Development Foundation and FunFair Ventures
Cons
- Limited geographic availability (no North America, most of Asia/Africa)
- Supports only stablecoins, not other cryptocurrencies
- Requires manual conversion before spending (though direct deposit to card address provides automatic conversion)
- Requires Curve workaround for Apple Pay and Samsung Pay integration
- Relatively new platform with limited track record
- MPC wallet design creates vendor dependency (cannot access funds without COCA)
- Recovery Phrase cannot be used outside COCA's ecosystem
- Mobile app and Telegram mini-app reported to have bugs in recent reviews
- ATM withdrawals and cash transactions do not earn cashback
Supported chains
ArbitrumAvalancheBaseEthereumPolygonSolanaTRON
Supported cryptos
BNBEURCUSDCUSDT
Fees
Annual: €0
Monthly: €0
Issuance: €0 (virtual); €20 for Starter/Standard physical, Free for Premium/Elite physical
Crypto To Fiat: 0% explicit fee (~0.5% spread)
Purchase Transaction: 0%
Key Features
- Up to 8% cashback on all purchases (with staking)
- 50% rebates on Netflix, Spotify, Amazon Prime, ChatGPT subscriptions (up to $70/service/month)
- Zero fees for card issuance, annual maintenance, and foreign exchange
- €30,000 daily spending limit across all tiers
- Free ATM withdrawals up to $250 monthly
- 6% APY passive income on card balances (up to tier-specific caps)
- Multi-chain support across 14 blockchains
- MPC security with shared-custody model
- Private key export option for true self-custody
- Direct Google Pay integration
- COCA Travel with up to 50% off hotel bookings
- Available in 52+ countries across Europe, Asia-Pacific, and Latin America
Limitations
- Not available in North America (US and Canada) and most of Asia/Africa
- Supports only stablecoins (USDT, USDC, EURC, EURS) - no native crypto spending
- Requires manual conversion before spending (no auto-conversion at point of sale)
- Apple Pay and Samsung Pay require Curve workaround
- MPC wallet creates vendor lock-in - cannot access funds without COCA
- Recovery Phrase cannot be used outside COCA's ecosystem
- Mobile app and Telegram mini-app reported to have bugs in recent reviews
- Non-straightforward signup process due to recovery phrase handling and bugs
- ATM withdrawals and cash transactions do not earn cashback
- Many one star ratings in Google app store starting from late 2024
- Non accessible Discord channel
Risks
- CounterpartyVendor lock-in risk - if COCA's servers are offline or company shuts down, Recovery Phrase alone will not let users restore and spend funds in another walletStated in Technical Details section
- CounterpartyNot fully non-custodial as advertised - users cannot transact without COCA's servers co-signingStated in Security Model Implications section
- CounterpartyFiat loaded on card is held by Wirex under e-money safeguarding rules and is not directly recoverable without the issuerStated in Vendor Dependency Risk section
- MarketToken value risk - cashback rewards' ultimate value depends on COCA token's market performance which can fluctuateStated in Token Utility and Economics section
- RegulatoryService availability subject to change based on regulatory developments - COCA cannot guarantee service continuity in regions facing regulatory changesStated in Geographic Availability section
Rewards & Cashback
Notes: Cashback paid in stablecoins directly to COCA wallet, distributed by 10th of each month. Previously paid in COCA token, now paid in USDT as of July 2025.
Cashback Cap: Varies by tier: Starter unlimited at 1%, Standard $1,000/month at 3%, Premium $2,500/month at 5%, Elite $10,000/month at 8%
Reward Token: USDT (stablecoins)
Cashback Rate: 1% (Starter, no limit) to 8% (Elite, on first $10,000/month, then 1%)
Interest On Balance: 6% APY on balances up to tier-specific caps, 2% APY on amounts exceeding cap
Excluded Transactions:ATM withdrawals, Cash advances, Quasi-cash, Cryptocurrency purchases, Gambling and betting transactions, Government or judicial payments, Refunded or canceled transactions, Professional services, Timeshares
Eligibility Requirements: Staking COCA tokens required for higher tiers: 0 (Starter), 300 (Standard), 3,000 (Premium), 30,000 (Elite)
Spending Limits
Notes: 3-month spending limit: €75,000; 6-month spending limit: €100,000; Max 15 transactions per day; Max 5 ATM transactions per day
Atm Daily: €500
Atm Monthly: €5,000
Daily Spending: €30,000
Per Transaction: €30,000
Monthly Spending: €30,000
Top-Up Methods
Stablecoin deposit (USDT, USDC, EURC, EURS)In-app manual conversionDirect deposit to card address (auto-converts to EUR)
Processing Time: Instant conversion
Security Features
Features: MPC (Multi-Party Computation) security,Two-party key model,Biometric authentication,EMV chip technology,Contactless payment,PIN protection,3D Secure (3DS) for online transactions,Card freeze capability,Private key export option
Insurance: Fiat funds safeguarded under E-Money regulations with segregated client funds as required by law. Crypto assets in COCA Wallet do not have explicit insurance coverage.
Mobile Wallet Support
Apple PayGoogle PaySamsung PayiOSAndroid
Best For
Crypto-native users who prioritize shared-custody security, stablecoin holders wanting everyday spending options, international travelers benefiting from zero FX fees, and reward maximizers seeking substantial cashback on regular spending.
Custody Model
hybridPrivate keys are split via MPC (Multi-Party Computation): one share on user device, one on COCA servers. Both shares must participate in every transaction. The full key is never assembled in normal use. Users cannot transact without COCA's participation; COCA cannot spend without user.
Risk: If COCA disappears and key not exported, funds are inaccessible. The Recovery Phrase only works within COCA app and cannot restore funds independently. This creates vendor lock-in that contradicts true self-custody. Private key export option exists but requires deleting wallet from COCA.
Card Issuer & Compliance
Issuer Name: Wirex Limited (UK) and UAB Wirex (EEA)
Kyc Required: true
Issuer License: FCA-authorized Electronic Money Institution (FRN 902025)
Platform Licenses: FCA Electronic Money Institution authorization,Compliance with Electronic Money Regulations,Payment Services Directive (PSD2) compliance,Local AML/CFT regulations in supported jurisdictions,Potential oversight by Dubai's Virtual Asset Regulatory Authority (VARA) for COCA entity
Availability
Available in 52 countries across Europe (36 countries), Asia-Pacific (10 countries), and Latin America (7 countries). Key regions missing: United States, Canada, Australia, Japan, South Korea.
Card Tiers
Starter
PhysicalStandard plastic
0 COCA staked
Fees
Issuance: €0 virtual, €20 physical
Monthly: €0
Monthly Limit: €30,000
MastercardApple Pay (via Curve)Google PaySamsung Pay (via Curve)
Cashback: 1% (no limit)
ATM Free: $250/month
FX Free: Unlimited
Basic supportFree worldwide shipping
Standard
PhysicalStandard plastic
300 COCA staked
Fees
Issuance: €0 virtual, €20 physical
Monthly: €0
Monthly Limit: €30,000
MastercardApple Pay (via Curve)Google PaySamsung Pay (via Curve)
Cashback: 3% on first $1,000/month, then 1%
ATM Free: $250/month
FX Free: Unlimited
Basic supportFree worldwide shipping
Premium
PhysicalStandard plastic
3,000 COCA staked
Fees
Issuance: €0 virtual, Free physical
Monthly: €0
Monthly Limit: €30,000
MastercardApple Pay (via Curve)Google PaySamsung Pay (via Curve)
Cashback: 5% on first $2,500/month, then 1%
ATM Free: $250/month
FX Free: Unlimited
Priority supportFree worldwide shipping
Elite
PhysicalStandard plastic
30,000 COCA staked
Fees
Issuance: €0 virtual, Free physical
Monthly: €0
Monthly Limit: €30,000
MastercardApple Pay (via Curve)Google PaySamsung Pay (via Curve)
Cashback: 8% on first $10,000/month, then 1%
ATM Free: $250/month
FX Free: Unlimited
Priority supportFree worldwide shipping
Token Economics
COCA
Fee Discounts by Token Holdings
0 tokens off
300 tokens off
3,000 tokens off
30,000 tokens off
Referral: $10 for both referrer and referee (up to 100 referrals allowed)
Milestones: Monthly 'Lucky Drop' token airdrops for active users
User Ratings
4.0/5.0 (22 ratings)
App Store
Mixed - positive early reviews for rewards and interface, but many one star ratings since late 2024 citing app bugs and signup issues
Roadmap & Updates
Planned Features:
- Universal Gas Token (UGT) for gasless transactions
- Enhanced governance features through veCOCA
- Continued expansion of direct mobile wallet integration
- Possible expansion of supported cryptocurrencies
Recent Updates:
- Google Pay direct integration (October 2025)
- COCA Version 2.0 launch (September 2025)
- Cashback now paid in USDT instead of COCA (July 2025)
Conclusion
The COCA Card presents a compelling case with its unique combination of exceptional rewards and minimal fees. Users can benefit from up to 8% cashback on purchases (depending on tier), 50% rebates on popular subscriptions (Netflix, Spotify, ChatGPT, Amazon Prime), and access to COCA Travel's hotel discounts of up to 50%. This value is enhanced by zero fees on most common transactions, high daily spending limits, and the absence of FX fees, making it particularly attractive for travelers and those making large purchases in supported regions. However, these advantages come with significant trade-offs and risks. The card is not fully non-custodial as advertised; its MPC wallet design creates a critical vendor lock-in. The proprietary Recovery Phrase cannot be imported into other wallets, meaning users would lose access to their funds if the COCA platform were to disappear. Ultimately, while the COCA Card offers many attractive benefits backed by strategic investment from the Stellar Development Foundation and FunFair Ventures, they do not come for free. The generous rewards are coupled with a significant platform dependency that contradicts the spirit of true self-custody.
Card launched: Virtual cards: Early 2024; Physical cards: July 20
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