Based Card
Based · Visa
The Based Card is a custodial crypto card on the Visa network issued by Based (based.one), with direct deposits from Solana, Arbitrum, Polygon and Hyperliquid and auto-conversion at payment. It comes in two tiers: Gold (metal, 0% FX markup, up to 4% cashback) and HYPE (plastic, 1.5% FX markup, 2% cashback), both available as virtual and physical cards with Google Pay. Rewards are paid in $BASED points and access requires a token lockup (100,000 $BASED for Gold, 10,000 for HYPE). Euro issuance and annual fees are not officially documented. there is no IBAN/SWIFT support and the team is not publicly verified. Full KYC required.
The clause
That 4% on the banner isn't what you pocket.
After FX markup, fees and withdrawals, on an average profile of €1,000/mo (20% abroad).
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Visa |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | Free |
| Annual fee | Free |
| ATM withdrawal | not declared |
| FX markup | 0% |
| Cashback | 4% in Punti $BASED · Lockup di token $BASED: 10.000 per HYPE, 100.000 per Gold |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 3/10 |
| Supported countries | EEA, UK, APAC |
| Funding / solidity | BasedApp (based.one) è l'operatore della Based Card; nel 2025 ha ritirato la domanda di licenza presso la MAS di Singapore e ha cessato i servizi carta in quel mercato. Modello a custodia ibrida (wallet non-custodial + conti carta custoditi). |
| Estimated net annual cost | €0/year |
| Regulator | Nessun regolatore confermato: BasedApp ha ritirato la domanda di licenza Payment Services Act presso la Monetary Authority of Singapore (MAS) nel 2025 |
| Segment | B2C |
| Funding / solidity | BasedApp (based.one) operates the Based Card; in 2025 it withdrew its license application with Singapore's MAS and ceased card services in that market. Hybrid custody model (non-custodial wallet + custodial card accounts). |
| MiCA / License status | Visa-network card issued via a card-issuing partner; BasedApp holds no confirmed license of its own after withdrawing its MAS application |
Plans & pricing
Based Orange
- FX markup
- 2.5%
- Cashback
- 0%
- Card format
- virtuale
- Lockup
- Nessun lockup $BASED
HYPE
- FX markup
- 1.5%
- Cashback
- 2%
- Card format
- virtuale + fisica
- Lockup
- 10.000 $BASED
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Gold
- FX markup
- 0%
- Cashback
- 4%
- Card format
- virtuale + fisica metallo
- Lockup
- 100.000 $BASED
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Strengths
- Up to 4% cashback and 0% FX markup on the Gold tier
- Direct deposit from multiple chains (Solana, Arbitrum, Polygon, Hyperliquid) with virtual and physical cards
- Google Pay supported, with rebates on subscriptions (Netflix/Spotify, Claude/OpenAI)
- No notable sovereignty advantage documented.
Weaknesses
- Custodial model: funds are held by the issuer, no self-custody
- Access gated behind a $BASED token lockup (100,000 for Gold) and a publicly unverified team
- Issuance/annual fees and ATM fees/limits undocumented; no IBAN/SWIFT support
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Visa-network card issued via a card-issuing partner; BasedApp holds no confirmed license of its own after withdrawing its MAS application): reporting to authorities and freezes on order.
Verdict
Weak protection: the issuer holds the funds converted for payment and BasedApp withdrew its own license application with Singapore's MAS (2025), leaving it without a clear regulatory framework and without IBAN/SWIFT support. Issuance/annual fees and ATM limits are undocumented. A tool for everyday spending, not for holding value with guarantees.
Mixed sovereignty profile: deposits arrive on-chain from several networks (Solana, Arbitrum, Polygon, Hyperliquid) but conversion and card balances are held by the issuer, so there is no self-custody of keys over the spent balance. The team is not publicly verified and access is gated behind a token lockup. Closer to a hybrid wallet than to a cypherpunk solution.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used Based Card, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
No known incidentSearch across public sources: no known hack, withdrawal freeze or regulatory action as of the verification date.
verified on
FAQ
Is the Based Card custodial?
Yes: according to available sources funds are held by the issuer and converted at the point of payment, so you do not have self-custody of the keys.
How are rewards earned and how much cashback does it offer?
Cashback reaches up to 4% on the Gold tier (2% on HYPE) and is paid in $BASED points; tier access requires a $BASED token lockup.
Sources
- Official service page Cashback · Fx · Blockchain · Virtual card · +1 Data verified on Jul 10, 2026
- basedapp.gitbook.io Plans & pricing · Staking richiesto · Italia disponibile · Contactless Data verified on Jun 23, 2026
- blockhead.co Regulator · Regulatory framework · Azienda info Data verified on Jun 23, 2026
- cryptocardhub.com Supported currencies · Segmento Data verified on Jun 23, 2026
Show 1 more source
- todey.xyz Payment network · Custodial · Regioni · Kyc · +1 Data verified on Jun 22, 2026