CoinsOnCards

    Issued by Queensland Foreign Exchange Inc. — Registered with FINTRAC Canada as MSB No. M23153297

    Bing CardReview

    Custodial prepaid Visa/Mastercard debit card offering high-limit virtual cards with no initial KYC.

    2.5· Updated: Physical Platinum card launched in early 2024
    Visit issuer
    Cashback
    Up to 0.00%
    Custody
    custodial
    KYC
    limited
    Networks
    —
    Monthly fee
    Free
    Available in
    —

    The verdict

    Best for: Privacy-conscious users needing a high-limit, no-KYC virtual card for one-way crypto spending.

    Skip if: You need to convert funds back to crypto or live in the US.

    • No-KYC virtual cards have high limits but come with third-party risk warnings.
    • 0% crypto conversion fee but a poor 0.956 exchange rate for USDC.
    Get the Bing Card

    How it works

    • ### Key Features
    • - Virtual cards with no ID verification and high spending limits ($100K-$200K monthly).
    • - Supports both Visa and Mastercard networks for virtual cards.
    • - Physical Platinum Visa card option with global shipping.
    • - Accepts BTC, ETH, USDT, and USDC for funding.
    • - Can be linked to PayPal, WeChat Pay, and Alipay.
    • - Apple Pay and Google Pay support rolling out.
    • - No staking requirements for any card tier.
    • - Business account option available.

    Funding: BTC · ETH · USDT · USDC

    Custody & risk

    • If the issuer disappears
      If the provider disappears, users lose access to unspent balances. No explicit insurance coverage is mentioned for crypto deposits or fiat balances.
    • Security risk
      Third-party risk scanners flag bingcard.com as potentially high-risk
    • Counterparty risk
      Mixed user experiences with reports of funds issues and support delays
    • Counterparty risk
      No deposit insurance for crypto or fiat balances

    Platform holds all user funds after crypto is loaded. Crypto is converted to fiat and held by the provider; users do not control private keys. Custody transfers to the provider at deposit; there is no way to convert funds back to crypto.

    Protections

    • Advanced encryption for data protection
    • Fraud detection systems
    • 3D Secure for online payments
    • PIN protection for physical card
    • Account recovery via SMS verification
    • Transaction records maintained for at least 5 years

    Insurance & coverage: No explicit insurance coverage mentioned for crypto deposits. No FDIC or similar deposit insurance for fiat balances.

    Limits

    notes
    Daily spending limits not officially disclosed; users should contact support for large transactions. Minimum initial balance required: $26 for Exclusive, $41 for Star
    atm daily
    Not officially disclosed
    atm monthly
    Not officially disclosed
    daily spending
    Not officially disclosed
    monthly spending
    See card_tiers ($100,000-$200,000 for virtual; ~$128,000 for physical)

    The good

    • No-KYC for virtual cards is a rare feature.
    • Up to $200,000 monthly limit with no-KYC.
    • 0% crypto-to-fiat conversion fee.
    • Low 1% deposit fee across all tiers.
    • Withdrawal fees as low as 0.5%.
    • Apple Pay and Google Pay support is rolling out.

    The catches

    • Poor 0.956 exchange rate for USDC to USD.
    • Account freezing risk for >25% failed transactions.
    • Only supports BTC, ETH, USDT, and USDC.
    • $1/month fee on the entry-level virtual card.

    Limitations

    • majorNot available to US persons or residents
    • majorUnfavorable exchange rate (0.956) from USDC to USD - approximately 4.4% loss
    • majorFunds cannot be converted back to crypto after exchange to USD (but can be withdrawn as fiat)
    • moderateNo cashback or rewards program
    • moderateInconsistent fee disclosures between card pages and pricing table
    • moderatePhysical card requires full KYC and has $168 issuance fee
    • moderateLimited cryptocurrency support - only four major cryptocurrencies accepted
    • moderateCard may be frozen if failed transactions exceed 25% of total transactions
    • moderateCard inactivity for more than 30 days may trigger account restrictions
    • minor1% deposit fee across all tiers
    • minorMonthly fee on entry tier (Virtual Exclusive charges $1/month)

    Where rewards don't apply

    • Automated fuel pump transactions — May not be supported
    • Mail-order/telephone-order payments — Might be restricted
    • Hotel or car rental reservations — Some prepaid card limitations apply
    • Financial services — High-risk services may trigger account security measures
    • Gambling — High-risk services may trigger account security measures

    What users say

    Trustpilot
    3.4/5.0 (43 ratings)

    Mixed user experiences - positive reports of easy setup and instant issuance, but also reports of funds issues, support delays, and third-party security warnings

    Rating breakdown

    Net reward
    0.0
    Custody risk
    2.0
    Availability
    3.5
    User experience
    3.4
    Features & convenience
    3.0

    See our methodology for how we score each axis.