Cryptomus Card
Cryptomus (Xeltox Enterprises Ltd.) · Visa/Mastercard
Cryptomus Card is a virtual crypto card (no physical) from the Cryptomus payments platform, operated by Canada's Xeltox Enterprises Ltd. It is topped up with USDT or USDC from the custodial Cryptomus wallet, converted to fiat at top-up. It runs on Visa/Mastercard with Apple Pay and Google Pay; a one-time KYC unlocks up to 10 cards. No cashback or ATM withdrawals, $4 issuance and 3.2% top-up. Note: in October 2025 FINTRAC imposed a record C$176.9M penalty on Xeltox/Cryptomus for AML failures (company appealing).
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Visa/Mastercard |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | €4 |
| Annual fee | Free |
| Free ATM limit | No ATM withdrawals |
| ATM withdrawal | Free |
| FX markup | 3.2% |
| Cashback | — |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 2/10 |
| Supported countries | EEA, UK, APAC, LATAM, MENA, AFRICA |
| Funding / solidity | Cryptomus è una piattaforma di pagamenti in criptovalute gestita da Xeltox Enterprises Ltd. (ex Certa Payments Ltd.), società privata con sede a Vancouver, British Columbia, Canada. |
| Estimated net annual cost | €0/year |
| Regulator | FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) |
| Segment | B2C |
| Past incidents | Oct 2025: FINTRAC imposed a record C$176.9M penalty on Xeltox/Cryptomus for AML failures (company appealing) |
| Funding / solidity | Cryptomus is a crypto payments platform operated by Xeltox Enterprises Ltd. (formerly Certa Payments Ltd.), a private company headquartered in Vancouver, British Columbia, Canada. |
| MiCA / License status | FINTRAC MSB (Canada) Registered as a Money Services Business (MSB) with FINTRAC in Canada. In October 2025 FINTRAC imposed a record C$176.9M administrative penalty on Xeltox/Cryptomus for AML failures (the company filed an appeal). |
Strengths
- Fast virtual card issuance in USDT/USDC, up to 10 per user
- Accepted on Visa/Mastercard with Apple Pay and Google Pay
- Low issuance fee ($4) and no annual fee
- No notable sovereignty advantage documented.
Weaknesses
- Custodial wallet: funds held by the platform
- No cashback and no ATM withdrawals
- Costly top-up (3.2%); serious compliance risk: record C$176.9M FINTRAC penalty (Oct 2025)
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Registered as a Money Services Business (MSB) with FINTRAC in Canada. In October 2025 FINTRAC imposed a record C$176.9M administrative penalty on Xeltox/Cryptomus for AML failures (the company filed an appeal).): reporting to authorities and freezes on order.
Verdict
Very low protection. The custodial wallet and full KYC are not offset by any user safeguard: operator Xeltox/Cryptomus is registered only as an MSB with FINTRAC (Canada) and in October 2025 received a record C$176.9M penalty for serious AML failures (company appealing). The incident points to a fragile compliance framework that exposes user funds.
Almost no sovereignty. The card is virtual-only, funds sit in a custodial wallet controlled by the platform, and access requires full KYC: no self-custody, no anonymity, funds can be frozen by the operator.
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
Does the Cryptomus Card require KYC?
Yes: you must register and complete a one-time KYC; once approved you can issue up to 10 virtual cards. It is not anonymous.
Which crypto and card type does it support?
Only USDT and USDC to top up the custodial wallet; virtual-only card on the Visa/Mastercard networks.
Sources
- Official service page Fees · Fx · Virtual · Payment network · +4 Data verified on Jun 23, 2026
- cbc.ca Incidenti · Sede Data verified on Jun 22, 2026
- fintrac-canafe.canada.ca Azienda · Paese · Incidenti Data verified on Jun 22, 2026
- todey.xyz Cashback · Atm · Payment network · Fees · +1 Data verified on Jun 22, 2026