Kolo Card
Visa + MastercardhybridKYC: required
4.0 / 5
Net Reward5.0
Availability4.5
Custody & Risk3.5
Features3.5
UX4.2
Kolo Card is a crypto debit card that lets users spend cryptocurrencies, including memecoins, at merchants worldwide that accept Visa or Mastercard. It features automatic real-time crypto-to-fiat conversion for everyday purchases and offers 2% Bitcoin cashback on spending with a 5% BTC welcome bonus for new users.
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Slug: kolo-card
Our Verdict
Global users seeking a simple, KYC'd, Apple/Google Pay-ready way to spend crypto worldwide; mobile-first users who value tap-to-pay convenience and real-time conversion; regular spenders who want to earn BTC cashback on everyday purchases
Pros and cons
Pros
- BTC cashback on every spend (2% standard, 5% welcome bonus)
- No monthly or inactivity fees currently
- Transparent fee structure with 0% mark-ups on major stablecoins
- Real-time crypto-to-fiat conversion at point of sale
- Unique support for memecoins through 'Memepay' feature
Cons
- Operating under testing regulatory regime with pending license approval
- Dynamic spending limits can be reduced to $0 without notice
- Cash-like transactions restricted (crypto purchases, money orders, P2P funding)
- Cashback program details not fully disclosed publicly and can change
- Card issuance requires 10 USDC
Supported chains
ArbitrumBaseBitcoinEthereumOptimismPolygonTRON
Supported cryptos
ARBBTCDOGEETHEURCLTCPEPETRXUSDCUSDT
Fees
Monthly: $0
Issuance: 10 USDC (spendable balance)
Crypto To Fiat: 0% mark-up on USDT/USDC/EURC; ~0.3% effective cost on other crypto
Key Features
- Spend cryptocurrencies (including memecoins) directly at Visa/Mastercard merchants worldwide
- Available in 170+ countries across Europe, Asia, Africa, Latin America, Oceania, and Middle East
- Support for 10+ explicitly named cryptocurrencies including BTC, ETH, USDC, USDT, PEPE
- Hybrid custody model with legal title retained by users
- Seamless integration with Apple Pay and Google Pay
- Real-time crypto-to-fiat conversion at point of sale
- 2% BTC cashback on eligible card spending, with 5% BTC welcome bonus for new users
- Unique 'Memepay' feature allows direct spending of memecoins like PEPE
- 0% APR and 0% interest on purchases
- MiCA-ready and Travel Rule aligned compliance
Limitations
- Operating under testing regulatory regime (FinTech Lab status pending approval)
- Dynamic spending limits that can be reduced to $0 without notice
- Cash-like transactions restricted (crypto purchases, money orders, P2P funding)
- Cashback program details (caps, regional eligibility, exact rules) are not fully disclosed publicly and can change
- Some features like native apps still in development
- Card issuance requires 10 USDC
- Physical card availability may depend on region and rollout stage
Risks
- RegulatoryOperating under testing regulatory regime with AFSA waiver acknowledgement; FinTech Lab Participant status pending approvalAFSA public register shows FinTech Lab status as pending approval (ID AFSA-G-LA-2024-0011)
- CounterpartyAssets in Kolo accounts are held in omnibus wallets controlled by Kolo; if provider disappears, assets in Kolo accounts may be lostHybrid custody model
- MarketDynamic spending limits can be modified at any time, including being reduced to $0 with or without noticeTerms allow limit modifications
- RegulatoryService provider change from Cryppo, UAB (Lithuania) to BURVIX SP. Z O. O. (Poland) effective after December 2025December 31, 2025 transition
- MarketKolo reserves the right to modify, suspend, or discontinue the cashback program at any timeProgram terms
- MarketKolo may update, add, or change fees with 30 days' noticeTerms allow fee changes
Rewards & Cashback
Notes: OG/existing users receive their own personal promos and exclusive campaigns. Kolo reserves the right to modify, suspend, or discontinue the cashback program at any time. 100% cashback on random transactions occasionally offered.
Cashback Cap: Not fully disclosed publicly; governed by separate Cashback Program terms
Reward Token: Bitcoin (BTC)
Cashback Rate: 2% BTC cashback (standard); 5% BTC cashback (new user welcome bonus, limited time)
Eligibility Requirements: Complete KYC verification; reside in supported country
Spending Limits
Notes: Dynamic spending limits can be increased/decreased or reduced to $0 with or without notice
Atm Daily: Set by issuer, may vary per card or aggregate
Daily Spending: Dynamic limits set by Kolo, may be modified at any time
Monthly Spending: Dynamic limits set by Kolo, may be modified at any time
Top-Up Methods
Crypto wallet deduction at purchaseBTCETHUSDTUSDCPEPEother major cryptocurrencies and stablecoins
Processing Time: Real-time (funds deducted from Kolo crypto wallet at each purchase)
Banking & Financial Services
✓
SEPA Transfers
Send to Revolut, Wise, N26, or any SEPA bank from crypto
Credit & Loan Products
Interest Rates
0% APR and 0% interest on purchases
Cash advances and balance transfers are not available
Security Features
Features: Strong encryption protocols,Two-Factor Authentication (2FA),Fraud Shield with real-time AML/risk checks,Biometric locks (fingerprint/facial recognition),AML screening on all transactions,Multi-signature technology
Mobile Wallet Support
Apple PayGoogle PayiOSAndroid
Best For
Global users seeking a simple, KYC'd, Apple/Google Pay-ready way to spend crypto worldwide; mobile-first users who value tap-to-pay convenience and real-time conversion; regular spenders who want to earn BTC cashback on everyday purchases
Custody Model
hybridUsers control private keys for external wallets, but assets in Kolo accounts are held in omnibus blockchain addresses controlled by Kolo. Legal title to digital assets remains with the client at all times. Kolo does not treat digital assets in user accounts as company property.
Risk: Custody transfers to Kolo when crypto is deposited or held in the platform account. If provider disappears, only assets in external wallets remain accessible; assets in Kolo accounts may be lost.
Card Issuer & Compliance
Issuer Name: Third National
Kyc Required: true
Issuer License: Hardline Holding Limited registered at AIFC with FinTech Lab Participant status pending approval; BURVIX SP. Z O. O. (Poland) authorized as virtual asset service provider under Polish law
Platform Licenses: AIFC FinTech Lab Participant (pending approval, ID AFSA-G-LA-2024-0011),BURVIX SP. Z O. O. - Polish virtual asset service provider (company number 0001131882)
Availability
Available in 190 countries. Restricted in 6 countries. Over 170 countries worldwide including Europe, Asia, Africa, Latin America, Oceania, and Middle East. Excludes sanctioned jurisdictions. Key regions missing: United States.
Card Tiers
KOLO Virtual Card
Virtual onlyVirtual only
Standard KYC (1-minute process)
Fees
Issuance: 10 USDC (spendable)
Monthly: $0
Monthly Limit: Dynamic limits (adjustable by Kolo)
VisaMastercardApple PayGoogle Pay
Cashback: 2% BTC cashback (standard); 5% BTC cashback (new user welcome bonus)
0% mark-up on USDT/USDC/EURC~0.3% effective cost on other crypto
KOLO Debit Card
PhysicalVirtual and physical options (availability varies by region)
Standard KYC completion
Fees
Issuance: 10 USDC (spendable)
Monthly: $0
Monthly Limit: Dynamic limits (adjustable by Kolo)
VisaMastercardApple PayGoogle Pay
Cashback: 2% BTC cashback (standard); 5% BTC cashback (new user welcome bonus)
0% mark-up on USDT/USDC/EURC~0.3% effective cost on other cryptoMiCA/Travel Rule alignment
Token Economics
KOLO
Referral: Multi-level referral program allowing users to invite others via Telegram bot or link
Milestones: Early users eligible for KOLO token airdrops at Token Generation Event (TGE)
Merchant Restrictions
Cryptocurrency purchases- Cash-like transaction restriction
Foreign currency purchases- Cash-like transaction restriction
Money orders and wire transfers- Cash-like transaction restriction
Lottery and gaming transactions- Cash-like transaction restriction
Peer-to-peer account funding- Cash-like transaction restriction
Certain third-party bill payments- Cash-like transaction restriction
User Ratings
4.6/5.0 (32 ratings)
Trustpilot
4.2/5.0 (888 ratings)
Google Play
User feedback has generally been positive regarding ease of use, transparent fee structure, and competitive exchange rates
Roadmap & Updates
Expansion: Continued rollout within 170+ country framework
Planned Features:
- Enhanced Banking Features with expanded SEPA integration
- Additional fiat currency support
- Regulatory progression from testing regime to full approval
- Additional blockchain network support
- Fee structure evolution
Recent Updates:
- Native iOS and Android apps available
- Service provider change to BURVIX SP. Z O. O. effective after December 31, 2025
- Physical cards shipping from November 2024
Conclusion
The Kolo Card represents a comprehensive crypto-to-fiat solution that successfully bridges the crypto world with everyday spending convenience. While Kolo operates under a testing regulatory regime and has some restrictions, it now combines a global crypto card with ongoing BTC cashback (2% standard, 5% welcome bonus for new users), making it a compelling solution for eligible users who want simple, tap-to-pay convenience for spending crypto globally. What truly distinguishes the Kolo Card is its hybrid custody approach that maintains user asset ownership, broad geographic coverage (170+ countries), and support for memecoins, addressing previously underserved segments of the crypto market.
Card launched: Late 2024 (physical cards shipping from November 2
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