Sana Card vs Phantom Cash
For spending abroad FX markup matters, and Phantom Cash does better (1% vs 6%). In our editorial rating Phantom Cash leads (4.6 vs 3.0). In short: Sana Card if your usage matches its strength, Phantom Cash otherwise — the numbers above beat any slogan.
| Sana Card | Phantom Cash | |
|---|---|---|
| Tier | B | A |
| Rating | ★ 3.0 | ★ 4.6 |
| Estimated net annual cost | €0 | €0 |
| Network | Visa | Visa |
| Card type | Charge | — |
| Backing | Crypto-secured | — |
| APR | 0% | — |
| Crypto collateral | USDC, SOL | — |
| Issuing bank | Third National | — |
| Issuance fee | Free | Free |
| Annual fee | Free | Free |
| ATM withdrawal | not declared | Free |
| FX markup | 6% | 1% |
| Cashback | Not disclosed | Not disclosed |
| Chains | Solana | Solana |
| On-chain settlement | Yes | Yes |
| Contactless | Yes | Yes |
| Virtual card | Yes | Yes |
| KYC | Full | Light |
| Privacy | 5/10 | 8/10 |
| Supported countries | EEA, UK, LATAM | US · 1+ countries |
| Funding / solidity | Sana ("Sana onchain money") e sviluppata da Sanafi Labs LLC, presentata come self-custody neobank su Solana e costruita da un team con esperienza in Coinbase, Kyberswap e Astratech. La carta Visa Signature e emessa dalla banca statunitense Third National su licenza Visa, con Rain e Circle (USDC) tra i partner infrastrutturali. | — |
| Segment | B2C | B2C |
| Fund custody | — | Self-custody (funds in your control) |
| Free ATM limit | — | N/A (solo prepaid) |
| Regulator | — | Stripe partner bank (OCC/FDIC); FinCEN / state MSB regulators |
| OAM Italy registration | — | No |
| Past incidents | — | August 2022: an exploit of ~8,000 Solana wallets (~$8M) caused by the third-party Slope Wallet library, not by Phantom; Phantom urged users to migrate their seed phrases. |
| Regions | EU/EEA, UK, LATAM | US |
| Licences & safety | Issued by Third National (US bank) under license from Visa; Sanafi Labs LLC is the non-bank technology provider (in Nigeria marketed by Banex Microfinance Bank) | Stripe Issuing / BIN sponsor (partner bank model) |
Frequently asked questions
Sana Card vs Phantom Cash: which is better?
For spending abroad FX markup matters, and Phantom Cash does better (1% vs 6%). In our editorial rating Phantom Cash leads (4.6 vs 3.0). In short: Sana Card if your usage matches its strength, Phantom Cash otherwise — the numbers above beat any slogan.
Which is cheaper, Sana Card or Phantom Cash?
On the standard spending profile Sana Card has the lowest net annual cost: €0 versus €0 for Phantom Cash.
Is Sana Card custodial or self-custody?
Sana Card is self-custody: you keep the keys, while Phantom Cash is self-custody.
Which is better for spending abroad?
For foreign-currency spending Phantom Cash wins, with the lowest FX markup: 1%.