Costs, licensing, consumer protection Privacy, self-custody, censorship resistance
B D Non-Custodial Crypto Cards

1inch Card 1inch Card

A plan by1inch Card · Mastercard

1inch Network (entità operativa Svizzera: 1inch Pro SA, Zug)

Status
Private company
Legal HQ
Switzerland
Founded
2019
Corporate site
1inch.io
Valuation
$2.3B
Latest round
Series B — $175M (dicembre 2021), guidata da Amber Group

1inch Network is a leading DEX aggregator founded in 2019 by Sergej Kunz and Anton Bukov. The 1inch Card is a Mastercard card program delivered in partnership with Baanx (issuer Monavate, UK FCA). 1inch raised a $2.8M seed (2020, led by Binance Labs), a $12M Series A (2020, led by Pantera Capital) and a $175M Series B (2021, led by Amber Group), at a valuation of ~$2.25B.
3.6/5 1.3/5 · Data verified on

A multi-chain crypto card spanning Ethereum, Polygon, Arbitrum, Optimism and BNB, with a CryptoDraft borrowing feature. The FX markup is 1.5% and the 2% cashback is only available in the BXX token. Funds are handled by a third-party issuer, so it is not a self-custody solution.

Estimated net annual cost €0/year

1inch Card

Price
Free
Issuance fee
Free
FX markup
1.5%
Cashback
2%
Cashback currency
BXX o BTC/USDT
Required staking
Nessuno per il cashback base; staking BXX opzionale per benefici extra
ATM fee
2%
ATM limit
$200/mese free, poi 2%
Net annual cost
Free

What's included

  • 2% cashback in BXX (o 1% in BTC/USDT)
  • 0% FX
  • Crypto conversion 1.75%
  • $8K daily limit
  • Crypto Life borrow 0% interest 50% LTV
  • Mastercard contactless
  • ATM globale
1.5%
FX markup
2%
Cashback
Free
Annual fee
Free
Issuance fee
Custodial
Custody
46
Transparency: Low
46/100 · see methodology
46
Data exposure: Low
46/100 · lower is better for sovereignty · methodology

Data & conditions

Network Mastercard
Fund custody Custodial (platform holds funds)
Issuance fee Free
Annual fee Free
Free ATM limit $200/mese free, poi 2%
ATM withdrawal 2%
FX markup 1.5%
Cashback 2% in BXX o BTC/USDT · Nessuno per il cashback base; staking BXX opzionale per benefici extra
Chains Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, Gnosis, Fantom
On-chain settlement No
Contactless Yes
Virtual card Yes
KYC Full
Privacy 6/10
Supported countries UK, EEA · 31+ countries
Estimated net annual cost €0/year
Regulator FCA (UK via Baanx)
Segment B2C
MiCA / License status Electronic Money Institution (EMI) — carta emessa via Baanx/Monavate, principal Mastercard member FCA (Monavate)

Strengths

  • Multi-chain: ETH/Polygon/Arbitrum/Optimism/BNB; CryptoDraft borrow.
  • No notable sovereignty advantage documented.

Weaknesses

  • FX 1,5%; cashback 2% only with BXX.
  • Custodial: the platform holds your funds and can freeze or lose them.
  • Full KYC required: verified identity, zero pseudonymity.
  • Subject to regulation (FCA (Monavate)): reporting to authorities and freezes on order.

Verdict

B D ★ 3.6/5 ★ 1.3/5 Estimated net annual cost: €0/year

The lowest rating in the group is consistent with its limits: the 1.5% FX markup is the highest, the 2% cashback is only paid in the BXX token and, crucially, funds are entrusted to a third-party issuer, so it is not self-custody at all despite the category. FCA oversight via Baanx does provide some regulatory anchor for the everyday user.

From a crypto-native angle the product disappoints exactly where it matters: settlement is not on-chain and custody is third-party, so you do not control the funds. The broad multi-chain reach across eight networks and the CryptoDraft feature stay appealing, but full KYC and a custodial model push it away from sovereignty standards.

Privacy & anonymity 30% 1.5
Fund control 20% 0.0
Censorship resistance 20% 1.5
Costs 10% 3.1

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.

FAQ

Is 1inch Card a safe card?

1inch Card is a custodial card on the Mastercard network. It is regulated by FCA (UK via Baanx). As a payment card, loaded funds are e-money and are not covered by a bank deposit-guarantee scheme. Fund custody is custodial.

How much does 1inch Card cost?

The card has no annual fee. Issuance is free. The FX markup is 1.5%. See the tier table for full conditions.

Does 1inch Card offer cashback?

Yes: cashback goes up to 2% in BXX o BTC/USDT, depending on the tier.

Is 1inch Card available in Italy?

Yes, 1inch Card is available in Italy.

Is 1inch Card custodial or self-custody?

1inch Card uses a custodial model. Funds are held by the issuer: you do not have direct control of the private keys.

Sources

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Update history

✓ Terms unchanged since Jun 1, 2026

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