Issued by Pecunia Cards EDE S.L.U. (PecunPay) — Electronic Money Institution licensed by Bank of Spain, EDE License No. 6707
Bitsa CardReview
Custodial prepaid Visa card for EEA residents that converts crypto to EUR for spending.
The verdict
Best for: EEA residents needing multiple prepaid Visa cards for budgeting with EUR.
Skip if: You need self-custody, low fees, or live outside the EEA.
- Pay 1.89%-2.39% fees to convert crypto to spendable EUR.
- Get Apple Pay, Google Pay, and a Spanish IBAN for transfers.
How it works
- ### Features
- * **Banking:** Spanish IBAN provided for SEPA transfers
- * **Multi-Card:** Manage multiple cards with independent or shared balances (up to 8 on Pro tier)
- * **Card Formats:** Physical and virtual cards available
- * **Parental Controls:** Special 'Young' accounts for users aged 16-17
- * **Automation:** Schedule automatic crypto operations via "Crypto > Savings" feature
- * **Top-ups:** Reload via SEPA, external cards, or prepaid vouchers from partners
Funding: Crypto (in-app conversion) · SEPA transfer · External card top-ups · Prepaid vouchers from partners (Fnac, Carrefour) · Bitnovo partner integration
Fees
| Banking | SEPA: true · IBAN: true · Spanish IBAN provided for each account. Enables SEPA transfers and direct debits within the European payment zone. Functions as a payment account without full banking services. Not a full bank account; prepaid electronic money institution only. No overdraft or credit facilities. |
Custody & risk
- If the issuer disappearsIf the provider becomes insolvent or disappears, user funds may be inaccessible.
- Counterparty riskCustodial crypto model means users do not control private keys - if provider disappears, funds are inaccessible
- Security risk2019 incident of suspicious logins led to enforcement of SMS 2FA
- Regulatory riskAccount blocking/suspension issues with funds inaccessible for extended periods
The platform holds all crypto assets; users do not have access to private keys. To spend, crypto must be sold to EUR within the app. Users cannot transfer crypto to or from external wallets.
Protections
- SMS-based two-factor authentication (2FA)
- Verified by Visa (3D Secure)
- Freeze/unfreeze cards instantly via app
- Biometric login support (fingerprint/face unlock)
- Standard encryption protocols
Insurance & coverage: Deposit guarantee claimed up to €100,000 (not statutory insurance)
Limits
The good
- Manage up to 8 cards on Pro tier
- 0% fee for buying cryptocurrency
- Supports Apple Pay, Google Pay, Samsung Pay
- Up to 15% cashback at partner retailers
The catches
- Crypto sell fees from 1.89% to 2.39%
- Only available in 28 EEA countries
- High inactivity fees after 6 months
- Foreign exchange fees of 1.75%-2%
Limitations
- majorOnly available to EEA residents (16+ years old)
- majorCustodial crypto model - no private keys or external crypto transfers
- majorCannot send or receive crypto to/from external addresses
- majorLimited customer support with documented responsiveness issues
- majorHigh inactivity fees after 6 months (€120/year plus €25/month maintenance)
- majorPoor customer service ratings with documented responsiveness issues - only 15% of callers report resolution
- majorFrequent complaints about account blocking with funds inaccessible for extended periods
- moderateCrypto conversion fees range from 1.89%-2.39% depending on tier
- moderateHigher foreign exchange fees (1.75%-2% vs competitors)
- moderate3D Secure implementation sometimes causes transaction failures
- moderateAccount recovery can be difficult if access to registered phone/email is lost
What users say
Aggregate rating 2.0/5 from reviews. 86% negative feedback primarily regarding account blocking, poor customer support, SMS code delivery problems, and 3D-Secure failures.
Rating breakdown
See our methodology for how we score each axis.