Crypto card FAQ
Common questions from first-time crypto card users. Check actual terms in each provider's official materials.
What is a crypto card?
A prepaid or debit card linked to your crypto or stablecoins so you can pay with them, also called a coin card or Bitcoin card.
Am I paying merchants in crypto?
Usually your crypto is converted to fiat at the moment of payment; the merchant processes it like any card payment.
What is a stablecoin?
A crypto asset designed to track a reference asset such as the US dollar. Volatility is low, but issuer reserve risk remains.
What is a top-up?
Loading spendable balance onto the card, usually by sending assets from a wallet or exchange; a fee may apply.
What is FX spread?
The gap between the reference rate and the rate actually applied. Even at 0% fee, a wide spread raises cost.
What fees do crypto cards charge?
Issuance, annual fee, top-up, crypto conversion, FX fee and spread, foreign payment and ATM fees.
Is higher cashback always better?
No. Caps, annual fees, staking and FX fees can change real savings a lot.
Cashback card vs function-focused card?
Cashback cards (KAST, Ether.fi Cash) centre on payment rewards; function-focused cards (Anytap Card) centre on limits and money movement.
What is KYC?
Identity verification by a financial service provider, needed for issuance and higher limits.
What is a card-to-card transfer?
Moving card balance directly between users of the same service. Anytap identifies the recipient by email and the last 4 digits of the card.
Why does external withdrawal matter?
It decides whether you can return your remaining balance to your own wallet.
What is a gas fee?
A fee paid to the blockchain network to process a transaction, separate from card fees.
Can I use crypto cards in Korea?
Country support varies; check the official list. Using cards in Korea →
Are there extra costs paying in KRW?
USD-based cards add FX fees: KAST 0.5–1.75%, Ether.fi 1%.
Is my card balance insured?
Prepaid balances and virtual assets are not covered by deposit insurance.
Are crypto card payments taxed in Korea?
Korea plans to tax virtual asset gains from 2027; gains from selling or swapping coins to fund payments may be included. Read the summary →