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 →