#11
Metamask Card
8.0/10
Ranked #16 of 32
Overview
The OKX Card is a virtual, stablecoin-funded payment card from the OKX exchange. Instead of drawing on a bank balance, it spends USDC or USDG held in your OKX Pay account, converting to local fiat automatically at the point of sale. In the EEA it launched on 28 January 2026 on the Mastercard network under OKX's MiCA-licensed Maltese entity, and it works anywhere Mastercard is accepted, in-store and online, with Apple Pay and Google Pay support.
Its standout trait is cost: OKX charges no issuance, monthly, transaction or FX fees, applying only a roughly 0.1% market spread when your stablecoin converts to fiat (some US sources cite ~0.4%). The trade-offs are that it's virtual-only with no ATM access, and cashback pays only on USDG-funded spending — so for non-VIP users the rewards are close to decorative. Because funds sit in OKX Pay and OKX custodies client crypto, it is effectively custodial despite OKX Pay's seedless design.
★ OKX Card referral code
OKX6775
Using OKX Card's referral code at sign-up may unlock a welcome perk where the provider offers one. Availability and amounts are set by OKX Card and vary by region — check their site for current terms.
Rating breakdown
How the OKX Card scores across the categories we weigh into its overall 7.9/10.
Fees & value9.0
Rewards6.8
Ease of use8.4
Security & custody7.6
Availability7.5
Cashback & rewards
OKX Card cashback is paid in USDG (a Paxos-issued stablecoin) and only on purchases funded with USDG — spending USDC or USDT earns nothing. The rate is tied to your OKX exchange VIP level, not a card tier or token stake: 2% for regular users, rising to 4%–5% for VIP 1 through VIP 3+. Crucially, it's capped monthly (around $5/€10 for regular users, scaling up with VIP status), so for anyone who isn't a high-volume OKX trader the effective reward is small. A launch promo of up to 20% cashback ended 28 February 2026. Because payout is in USDG (a USD-pegged stablecoin), value is stable rather than volatile — unlike token-based cards.
| Tier | Requirement | Cashback | Monthly cap |
|---|---|---|---|
| Regular | No VIP required | 2% (USDG spend only) | ~$5/€10 per month |
| VIP 1 | $100K assets or $5M 30-day volume | 4% | ~$100/month |
| VIP 2 | $200K assets or $15M volume | 4.5% | ~$200/month |
| VIP 3+ | $500K assets or $40M volume | 5% | up to ~$800/€1,000 per month |
Fees & limits
A snapshot of the typical fee structure. Always verify the live figures before applying, as providers adjust these often.
| Fee | Typical amount |
|---|---|
| Monthly fee | $Not specified |
| Card issuance | Free |
| Card spend (USD)Fee on purchases made in US dollars | 0.1% |
| FX fee (non-USD transactions)Charged when you spend in a currency other than USD | 0.1% |
| ATM withdrawals | N/A (virtual) |
How to get the OKX Card
- 1. Create an OKX account at okx.com and complete identity verification (KYC).
- 2. Activate OKX Pay inside the OKX app.
- 3. Deposit or convert funds into USDC or USDG in your OKX Pay balance.
- 4. Open the OKX Card page in the app or website and apply.
- 5. Fund purchases with USDG to earn cashback (USDC also spends, but earns none).
- 6. Add the virtual card to Apple Pay or Google Pay and start spending.
Pros & cons
Pros
- No issuance, monthly, transaction or FX fees — only a ~0.1% conversion spread
- One of the cheapest ways to spend stablecoins in Europe
- Cashback paid in USDG, a stable USD-pegged coin (not a volatile token)
- Cashback needs no staking or token lock — tied to OKX VIP level
- Apple Pay and Google Pay supported; works anywhere Mastercard is accepted
- Backed by a major exchange with MiCA licensing in the EEA
- USDG balances can earn yield (APY) in OKX Pay
Cons
- Virtual card only — no physical card and no ATM access
- Cashback pays only on USDG spending; USDC/USDT earn 0%
- Low monthly cashback cap (~$5/€10) for non-VIP users
- Effectively custodial — funds sit in OKX Pay and OKX custodies client crypto
- Not available to US persons in HI, KY, NY, NV, TX, WV (and excluded entirely for US persons per some sources)
- Requires full KYC (ID + proof of address)
- OKX's Maltese entity was fined ~€1.05M in early 2026 for historical AML shortcomings
Is It Worth It?
Best for stablecoin-heavy users in the EEA (or supported regions) who already keep funds on OKX and want the cheapest possible way to spend USDC/USDG day to day. Strong for frequent travelers thanks to 0% FX plus a tiny spread. A poor fit for anyone who wants meaningful cashback without high OKX trading volume, needs a physical card or ATM access, or wants true self-custody of their keys.
Where you can use it
Supported countries
Available in 30 countries
🇦🇹 Austria
🇧🇪 Belgium
🇧🇬 Bulgaria
🇭🇷 Croatia
Cyprus
🇨🇿 Czech Republic
🇩🇰 Denmark
🇪🇪 Estonia
🇫🇮 Finland
🇫🇷 France
🇩🇪 Germany
🇬🇷 Greece
🇭🇺 Hungary
🇮🇸 Iceland
🇮🇪 Ireland
🇮🇹 Italy
🇱🇻 Latvia
Liechtenstein
🇱🇹 Lithuania
🇱🇺 Luxembourg
Malta
🇳🇱 Netherlands
🇳🇴 Norway
🇵🇱 Poland
🇵🇹 Portugal
🇷🇴 Romania
🇸🇰 Slovakia
🇸🇮 Slovenia
🇪🇸 Spain
🇸🇪 Sweden
No match in the supported list.
Availability can change and may depend on your verification status. Always confirm on the provider's official site before signing up.
Frequently asked questions
Does the OKX Card offer cashback?
Yes, but only on USDG-funded purchases. It's 2% for regular users up to a small monthly cap (about $5/€10), rising to 4–5% for OKX VIP tiers. USDC and USDT spending earns nothing.
Is the OKX Card available in my country?
It's available across the EU plus Norway (Iceland and Liechtenstein excluded), and in Singapore on Visa. US availability is disputed — some sources say it's blocked for US persons, others say it works in 40+ states except HI, KY, NY, NV, TX, WV. Check the app.
Does the OKX Card require KYC?
Yes. You need a verified OKX account with ID and proof of address, in line with MiCAR and EU anti-money-laundering rules.
Is the OKX Card custodial or self-custodial?
Effectively custodial. Although OKX Pay uses a seedless key design, funds sit in your OKX Pay balance and OKX custodies client crypto.
What network does the OKX Card run on?
Mastercard in the EEA; some sources report Visa in Singapore. It supports Apple Pay and Google Pay.
What does it cost to spend?
No transaction or FX fees from OKX — just a roughly 0.1% market spread when stablecoins convert to fiat (US sources cite ~0.4%).
