CoinUp Card
CoinUp · Mastercard
The CoinUp Card (UP Card) is a virtual Mastercard issued by the CoinUp exchange, accepted at over 110 million Mastercard merchants across 170+ countries. It is custodial: funds are loaded by transferring crypto from your CoinUp account to the card and are spendable instantly, with USDT auto-converting to USD at the point of sale. It supports Google Pay and Apple Pay. It requires an active CoinUp account and KYC identity verification, and is available only in select regions (checkable in-app). Per the sources, issuance is free and the FX markup is 0%; cashback is offered but the exact rate is not publicly documented (set to 0 pending official data), as are the annual fee, ATM fees/limits, the issuing company and licensing, which are not disclosed.
Data & conditions
| Network | Mastercard |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | Free |
| Annual fee | Free |
| ATM withdrawal | Free |
| FX markup | 0% |
| Cashback | — |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 2/10 |
| Supported countries | APAC, LATAM, MENA, AFRICA · 170+ countries |
| Estimated net annual cost | €0/year |
| Segment | B2C |
Strengths
- Broad global acceptance (Mastercard, 110M+ merchants, 170+ countries)
- Free issuance and a stated 0% FX markup
- Instant funding from the CoinUp account with Google Pay and Apple Pay support
- No notable sovereignty advantage documented.
Weaknesses
- Custodial: funds stay within the CoinUp ecosystem, no self-custody
- Key details undisclosed: cashback rate, annual fee, ATM fees/limits
- Issuing company and license not stated; limited regulatory transparency
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Weak protection. The CoinUp Card is custodial and funds remain inside the CoinUp exchange ecosystem; there is no self-custody. The issuing company, sponsor bank and any license are undisclosed, and the home jurisdiction (Seychelles/Cayman) offers limited regulatory safeguards. For an EU user there is no insurance or supervisory coverage comparable to an EU EMI.
Low sovereignty score. Fully custodial model with mandatory full KYC: the user controls neither keys nor spending without entrusting funds to CoinUp. No non-custodial option, with limited transparency on jurisdiction and issuer.
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 the CoinUp Card physical or virtual?
It is a virtual Mastercard, managed in the CoinUp app and usable via Google Pay and Apple Pay.
How do you fund the CoinUp Card?
You transfer crypto from your CoinUp account to the card: funds (e.g. USDT) are spendable instantly and converted to USD at the point of payment.
Sources
- Official service page Payment network · Virtual · Regioni · Kyc · +1 Data verified on Jun 22, 2026
- x.com Paesi num · Contactless Data verified on Jun 23, 2026
- todey.xyz Custodial · Cashback · FX markup · Fee emissione Data verified on Jun 22, 2026