CoinsOnCards

    Issued by Xfers Pte. Ltd (StraitsX) — Major Payment Institution (MPI) license under the Monetary Authority of Singapore (MAS)

    BasedApp CardReview

    Hybrid-custody Visa debit card for spending stablecoins from Solana, Arbitrum, and Polygon networks.

    3.0· Updated: Singapore card services discontinued November 2025
    Visit issuer
    Cashback
    Up to 1.5%
    Custody
    hybrid
    KYC
    full
    Networks
    —
    Monthly fee
    $8
    Available in
    —

    The verdict

    Best for: Hyperliquid traders spending USDC from Solana, Arbitrum, or Polygon with gasless deposits.

    Skip if: You need Apple Pay, ATM withdrawals, or live in the US or Singapore.

    • Hype Card has a $100 fee and a 1% FX fee.
    • Hybrid custody: non-custodial wallet, but custodial Fireblocks account for card funds.
    • Supports gasless USDC deposits from Solana, Arbitrum, and Polygon networks.
    Get the BasedApp Card

    How it works

    Funding: USDC (Solana, Arbitrum, Polygon, Hyperliquid) · XSGD (Polygon) · SOL (Solana)

    Fees

    summaryThe Hype Card has a $100 fee and a 1% fee for both foreign transactions and crypto-to-fiat conversions. Deposits are free and gasless.
    deposit feeFree (Gas fees are covered by BasedApp)
    atm withdrawalsNot supported
    initial annual fee$100 USD for Hype Card.
    physical card issuanceIncluded with Hype Card membership.
    foreign transaction fee1% (Hype Card)
    crypto to fiat conversion1% (auto-convert at spend time)
    BankingDirect bank deposit feature planned but not currently enabled

    Custody & risk

    • If the issuer disappears
      If the provider disappears, users retain access to their non-custodial wallet assets but may lose funds held in the custodial card account. Card funds are not covered by government deposit insurance.
    • Regulatory risk
      BasedApp withdrew its Payment Services Act (PSA) license application with the Monetary Authority of Singapore and subsequently exited the Singapore card services market
    • Counterparty risk
      Card funds are held in segregated custodial accounts - if provider disappears, users may lose access to card funds (though wallet assets remain accessible)
    • Market risk
      Singapore market exit created disruption for local users who were required to close cards and withdraw funds within tight deadlines

    BasedApp uses a hybrid model. The main wallet is non-custodial where users control their private keys. For spending, funds are moved to a segregated, custodial card account managed by the platform and secured by Fireblocks.

    Protections

    • Card freeze/unfreeze functionality
    • Transaction notifications
    • EMV chip for secure transactions
    • 3-D Secure for online payments
    • Visa Zero Liability protection for unauthorized transactions
    • MPC (multi-party computation) technology for secure key management

    Insurance & coverage: Fireblocks institutional-grade custody includes security infrastructure and insurance, but no government deposit insurance

    Custody partners: Fireblocks

    Limits

    notes
    Standard Card had S$3,000 daily (~$2,200 USD) limit
    atm daily
    Not supported
    atm monthly
    Not supported
    daily spending
    Up to $30,000 USD (Gold Card)
    monthly spending
    $90,000 USD (Hype Card)

    The good

    • Gasless deposits for crypto top-ups.
    • Supports deposits from Solana, Arbitrum, and Polygon.
    • $100 fee for Hype Card with $90,000 monthly limit.
    • Available in 160+ countries.
    • Non-custodial wallet for primary crypto holdings.

    The catches

    • Singapore services discontinued Nov 2025.
    • No confirmed Apple Pay support.
    • 14-day delay for rewards points crediting.
    • 1% crypto-to-fiat conversion fee on all tiers.

    Limitations

    • majorNo ATM withdrawal functionality on any tier
    • majorSingapore card services discontinued (November 2025)
    • moderateNo Apple Pay support currently available (conflicting information in official sources)
    • moderateWithdrawal functionality remains limited (not currently enabled)
    • moderateLegacy Gold Card had high entry cost ($1,499 initial fee)
    • minorCard portfolio funds cannot be converted into the trading wallet
    • minor14-day delay for points crediting after card spend
    • minorLimited cryptocurrency support focused primarily on stablecoins

    Recent activity

    • September 1, 2025
      BasedApp discontinuing Singapore Visa card services
      BasedApp has announced it will discontinue its Visa card services in Singapore, effective November 15, 2025

    What users say

    No public user ratings available yet. Support rated 9/10 in independent reviews with response times typically under an hour.

    Rating breakdown

    Net reward
    0.0
    Custody risk
    3.5
    Availability
    4.5
    Features & convenience
    3.5

    See our methodology for how we score each axis.