Trustee Card
MastercardcustodialKYC: required
No rating
The Trustee Card is a crypto-funded prepaid Mastercard solution for EEA residents, enabling users to spend Bitcoin, Ethereum, USDT, and USDC at merchants worldwide. It operates under a joint program with digital assets managed through Trustee Plus custodial wallet while the underlying euro card and IBAN accounts are issued by Quicko Sp. z o.o., a Polish regulated payment institution.
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Slug: trustee-card
Our Verdict
European crypto holders who want to spend digital assets without pre-conversion, frequent international travelers benefiting from 0% FX fees, and fee-conscious spenders who prioritize low transaction costs over rewards programs
Pros and cons
Pros
- Zero foreign exchange fees on international purchases
- No monthly maintenance fees
- Real-time crypto-to-fiat conversion at competitive rates (0.5% fee)
- Seamless integration with Apple Pay and Google Pay
- Instant issuance of virtual cards (approximately 90 seconds)
- Virtual card currently free during promotional period
- 5-year card validity
- Zero fees on top-ups from Trustee Plus to card
Cons
- Limited cryptocurrency support for card funding
- No cashback or rewards program
- Exclusively available to EEA residents
- Custodial wallet model (company holds private keys)
- Physical Trustee-branded card temporarily unavailable (waitlist only)
- Mixed user experiences with support responsiveness
- Two-app setup required (Trustee Plus + Quicko Digital)
- Service restrictions in Ukraine due to NBU regulatory action
Supported chains
BaseBitcoinEthereum
Supported cryptos
BTCETHUSDCUSDT
Fees
Monthly: €0
Issuance: €0 (virtual card, promotional period); Physical card temporarily unavailable
Crypto To Fiat: 0.5%
Purchase Transaction: 0%
Key Features
- Real-time conversion of BTC, ETH, USDT, and USDC to euros at point of sale
- Zero foreign exchange fees for international transactions
- Virtual card available instantly via Quicko Digital partnership
- Integrated with Trustee Plus custodial wallet ecosystem
- No pre-loading required - draws directly from crypto balance
- Competitive conversion rate (0.5% crypto-to-EUR fee)
- Apple Pay and Google Pay integration
- Seamless spending at millions of Mastercard merchants worldwide
- Binance Pay integration for easier transfers from Binance ecosystem
Limitations
- Limited cryptocurrency support for card funding (only BTC, ETH, USDT, USDC)
- No cashback or rewards program
- Exclusively available to EEA residents
- Custodial wallet model (Trustee holds private keys)
- Physical Trustee-branded card temporarily unavailable (waitlist only)
- Mixed user experiences with support responsiveness
- Two-app setup required (Trustee Plus + Quicko Digital)
- Service restrictions in Ukraine due to NBU regulatory action
Risks
- CounterpartyCustodial wallet model means Trustee holds private keys; if Trustee ceases operations, users lose access to their cryptoNo explicit insurance on crypto deposits
- RegulatoryNational Bank of Ukraine ordered Trustee Global UAB to suspend certain financial services in UkraineSeptember 2025 - citing unlicensed payment services (P2P and euro transfers used to bypass FX restrictions)
- MarketPolarized user reviews with roughly half 5-star and half 1-star ratings, suggesting severe problems when issues occurProblems particularly with larger transactions or withdrawals can be difficult to resolve through customer support
Rewards & Cashback
Notes: Referral program: 45% of Trustee's income from exchanges shared with referrers, plus up to €5 bonus when referred user orders first card
Cashback Rate: 0% - No cashback or rewards program
Spending Limits
Atm Daily: €2,000 (physical card only via Quicko Digital)
Atm Monthly: €10,000 (physical card only via Quicko Digital)
Daily Spending: €5,000
Monthly Spending: €50,000
Top-Up Methods
Crypto (BTC, ETH, USDT, USDC)Binance Pay
Processing Time: Real-time conversion at point of sale
Banking & Financial Services
✓
IBAN
IBAN accounts issued by Quicko Sp. z o.o.
Security Features
Features: Google Authenticator-based 2-factor authentication,PIN/biometric login for app access,3D Secure (Mastercard SecureCode) for online purchases,Transaction notifications,Ability to freeze/unfreeze card instantly via app,EMV chip security for physical card,HackenProof bug bounty program (up to $3,000 for critical vulnerabilities),Built-in AMLBot address-screening service,PCI DSS compliance
Insurance: No explicit insurance on crypto deposits; Card balances in EUR are e-money held by Quicko under EU payment-services rules
Mobile Wallet Support
Apple PayGoogle PayiOSAndroid
Best For
European crypto holders who want to spend digital assets without pre-conversion, frequent international travelers benefiting from 0% FX fees, and fee-conscious spenders who prioritize low transaction costs over rewards programs
Custody Model
custodialTrustee holds all private keys for user crypto assets. Crypto is stored in a custodial wallet until conversion at purchase. Users control spending via app, but not the underlying assets.
Risk: If Trustee ceases operations, users lose access to their crypto. No explicit insurance on crypto deposits.
Card Issuer & Compliance
Issuer Name: Quicko Sp. z o.o.
Kyc Required: true
Issuer License: Polish National Payment Institution regulated by KNF (license IP52/2021, since September 2021)
Platform Licenses: Quicko Sp. z o.o. - Polish National Payment Institution license IP52/2021,Quicko - Mastercard principal member,Trustee Global UAB - Lithuanian VASP registration (code 306099031, since June 16, 2022)
Availability
Available in 29 EEA countries. Restricted in 7 countries including UK, US, Canada, Australia, Switzerland, Russia, Iran. Trustee does not serve Russian citizens at all.
Card Tiers
Virtual Card (via Quicko Digital)
Virtual onlyVirtual only
EEA resident, KYC verification
Fees
Issuance: €0 (promotional period)
Top-up: 0%
Monthly: €0
Monthly Limit: €50,000
MastercardApple PayGoogle Pay
Cashback: 0%
Instant issuance (approximately 90 seconds)Zero FX feesFree maintenanceCan be added to up to 5 Apple/Google Pay wallets5-year validity
Physical Card (Trustee-branded)
PhysicalStandard plastic with EMV chip, magstripe, and contactless
EEA resident with verified address, currently on waitlist only
Fees
Issuance: Temporarily unavailable
Top-up: 0%
Monthly: €0
Monthly Limit: €50,000
MastercardApple PayGoogle Pay
Cashback: 0%
Free shipping to EEA countries7-14 days delivery5-year validityATM access available
Card BIN Numbers
55577080MastercardQuicko Sp. z o.o.(EEA)Merchant Restrictions
Gambling merchants- High-risk merchant category
Crypto exchanges- High-risk merchant category
Sanctioned countries- Regulatory compliance
User Ratings
Polarized - roughly half 5-star and half 1-star
Trustpilot
100k+ downloads
Google Play
Approximately 4+ stars
App Store
Polarized pattern - many 5-star and 1-star ratings with few in between. Positive reviews highlight convenience, low fees, and seamless integration. Negative reviews mention account blocks, withdrawal issues, and slow customer support.
Roadmap & Updates
Expansion: No specific timeline provided for expansion beyond EEA
Planned Features:
- Physical Trustee-branded card (currently on waitlist)
Recent Updates:
- Binance Pay integration added in early 2024
- Physical cards introduced March 2025
- Physical Trustee-branded card marked temporarily unavailable as of late 2025
Conclusion
The Trustee Card offers a straightforward, cost-effective solution for European crypto users to spend their digital assets in everyday life. Its primary strengths lie in its transparent fee structure (no monthly fees, 0% foreign exchange fees, 0.5% conversion cost, zero top-up fees) and seamless integration with the Trustee Plus wallet ecosystem through the Quicko Digital partnership. However, the card has notable limitations including limited cryptocurrency support, no rewards, EEA-only availability, and custodial model. The polarized user reviews suggest that while the service works well for many, some users encounter significant issues with support responsiveness. For crypto-savvy individuals in Europe who prioritize low fees over rewards, the Trustee Card presents a compelling option, particularly for frequent travelers.
Card launched: Initially launched in 2023, physical cards introdu
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