CoinsOnCards

    Issued by Unlimit EU Ltd — Electronic Money Institution (EMI), authorised by the Central Bank of Cyprus

    Bleap CardReview

    Hybrid-custody Mastercard debit card using a 2-of-2 MPC wallet for direct spending.

    3.0· Updated: Beta launched late 2023
    Visit issuer
    Cashback
    Up to 2.0%
    Custody
    hybrid
    KYC
    full
    Networks
    —
    Monthly fee
    Free
    Available in
    —

    The verdict

    Best for: EEA/Swiss residents wanting self-custody spending with yield and 0% FX fees.

    Skip if: You need >10 USDC cashback per month or live outside the EEA/Switzerland.

    • Offers 2% USDC cashback, but this is capped at only 10 USDC per month.
    • Card top-ups via SEPA/FPS are free, but Apple Pay deposits cost 1%.
    Get the Bleap Card

    How it works

    • Bleap combines non-custodial security with modern banking features.
    • - **MPC Security:** Uses Multi-Party Computation for a 2-of-2 key setup between the user's device and Bleap's server.
    • - **Account Abstraction:** Enables smart contract wallets for programmable transaction authorization.
    • - **Yield Generation:** Earn up to 20% APY on idle digital USD, GBP, and EUR balances in DeFi 'Earn' vaults.
    • - **Bank Integration:** Provides personal EUR (SEPA) and GBP (FPS) bank details for on-ramp and off-ramp.
    • - **Mobile Wallets:** Supports Apple Pay and Google Pay for contactless payments.
    • - **Card Formats:** Instantly issued virtual cards and physical plastic cards are available. A 17g metal card is planned.
    • - **Global Acceptance:** Accepted at over 150 million merchants on the Mastercard network.

    Funding: Crypto (from self-custodial wallet) · Bank transfer (SEPA/FPS) · Card · Apple Pay · Google Pay

    Rewards calculator

    Estimated cashback
    $40
    Effective rate 2.0%
    • $0–∞ @ 2.0% → $40 on $2,000

    Fees

    BankingSEPA: true · IBAN: true · EUR IBAN details for SEPA transfers, GBP FPS-compatible details for UK transfers. On-ramp via bank transfers (SEPA/FPS) with 0% processing fee. Off-ramp crypto-to-bank withdrawals with 0% fee. Bleap Finance explicitly states it does not issue e-money, operate payment accounts, hold client assets, or provide custody services.

    Custody & risk

    • If the issuer disappears
      Because it is a 2-of-2 setup, users cannot independently access or move their funds without authorization from Bleap's server. If the provider were to disappear, funds could become inaccessible.
    • Counterparty risk
      2-of-2 multi-sig setup requires both user device and Bleap server to authorize transactions. If provider disappears, users cannot independently access funds without Bleap's server.
    • Market risk
      Relatively new service (founded 2023, beta launched late 2023) with limited track record
    • Security risk
      No specific crypto insurance mentioned; relies on self-custody model for security

    Bleap uses a hybrid custody model with Multi-Party Computation (MPC) technology. Private keys are shared between the user's device and Bleap's server in a 2-of-2 multi-signature setup. This means both parties must co-sign every transaction, allowing for spending without the user managing a seed phrase.

    Protections

    • EMV chip security
    • PIN protection for in-person transactions
    • Mastercard's Zero Liability policy
    • Real-time transaction alerts
    • Instant card freeze/unfreeze via app
    • Customizable spending limits
    • 3D Secure for online purchases
    • Biometric locks (fingerprint/FaceID)
    • MPC (Multi-Party Computation) technology
    • Account Abstraction

    Insurance & coverage: No specific crypto insurance mentioned

    Limits

    notes
    No transaction frequency limits specified
    atm monthly
    €400/month (or $400/month) fee-free
    daily spending
    No explicit cap beyond available balance

    The good

    • Non-custodial model with MPC security.
    • No monthly or annual fees.
    • 2% USDC cashback with no staking.
    • Earn up to 20% APY on balances.
    • 0% FX fees on international transactions.
    • Fee-free ATM withdrawals up to €400/month.

    The catches

    • Low monthly cashback cap of 10 USDC.
    • 1% fee on card and Apple Pay deposits.
    • Hybrid 2-of-2 custody requires Bleap server.

    Limitations

    • majorOnly available to residents of EEA countries and Switzerland with nationality restrictions
    • majorRestricted nationalities ineligible regardless of residence: USA, UAE, Turkey, and others
    • major2-of-2 multi-sig setup means if Bleap disappears, users cannot independently access funds
    • moderate1% processing fee for card/Apple Pay/Google Pay deposits
    • moderate10 USDC monthly cashback cap is relatively low
    • moderateRelatively new service with occasional app stability issues
    • moderateLimited customer support response times reported by users

    What users say

    App Store
    4.2/5.0 (36 ratings)
    Google Play
    3.6/5.0 (0 ratings)
    Trustpilot
    2.8/5.0 (4 ratings)

    Mixed feedback - Positive on seamless spending, cashback rewards, non-custodial aspect, fast onboarding; Negative on customer support issues, app bugs, occasional transaction delays

    Rating breakdown

    Net reward
    1.3
    Custody risk
    3.5
    Availability
    2.0
    User experience
    4.2
    Features & convenience
    4.0

    See our methodology for how we score each axis.