Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

MaxSwap Card Carta virtuale Mastercard

A plan byMaxSwap Card · Mastercard

2.0/5 2.9/5 · Data verified on

MaxSwap is a custodial crypto wallet with a virtual MasterCard issued through a Telegram bot in under a minute and addable to Apple Pay and Google Pay. At the point of sale the card automatically converts the chosen cryptocurrency (BTC, ETH, USDT and others) into local currency, accepted anywhere MasterCard is. Top-ups are made on-chain over Ethereum (ERC-20) and TRON (TRC-20). MaxSwap states it requires no KYC and operates on a custodial basis, with global availability (USA, UK, EU, Latin America). Card issuance costs 25 USD plus an initial minimum deposit of 25 USD, with a 3.5% top-up fee and a 1% FX markup. No financial licenses are publicly documented, which should be treated with caution; the license list is left empty due to the absence of official sources. The license country is set to GB based on the site's UK positioning.

Estimated net annual cost €0/year

Carta virtuale Mastercard

Issuance fee
€25
deposito_minimo_eur
€25
fee_ricarica_pct
3.5%
fee_transazione_pct
0.4%
1%
FX markup
Cashback
Free
Annual fee
€25
Issuance fee
Custodial
Custody
31
Transparency: Very low
31/100 · see methodology
31
Data exposure: Minimal
31/100 · lower is better for sovereignty · methodology

Data & conditions

§ Amounts in USD/GBP are shown in the service's native currency.

Network Mastercard
Fund custody Custodial (platform holds funds)
Issuance fee €25
Annual fee Free
Free ATM limit Nessun prelievo ATM supportato
ATM withdrawal Free
FX markup 1%
Cashback
Contactless Yes
Virtual card Yes
KYC No KYC
Privacy 4/10
Supported countries US, UK, EEA, LATAM, APAC, MENA, AFRICA
Estimated net annual cost €0/year
Segment B2C

Strengths

  • Fast virtual card issuance via Telegram, with Apple Pay and Google Pay
  • Claimed global availability and no KYC required
  • Very high spending limits (up to 2 million USD per month)
  • No KYC: usable without identity verification.

Weaknesses

  • Custodial wallet: funds are held by MaxSwap, not by the user
  • No publicly documented financial license and limited operator transparency
  • High top-up fee (3.5%) and virtual-only card with no ATM withdrawals
  • Custodial: the platform holds your funds and can freeze or lose them.

Verdict

C C ★ 2.0/5 ★ 2.9/5 Estimated net annual cost: €0/year

Custodial service with no publicly documented financial license and no KYC: funds are held by MaxSwap, a low-transparency operator. User protection is effectively absent and entrusting significant amounts should be considered high risk.

Purely custodial: the user controls neither the keys nor the funds, which remain in MaxSwap's hands. The lack of KYC reduces personal-data exposure, but the custodial model and the operator's opacity make it unsuitable for anyone seeking autonomy and sovereignty over their assets.

Privacy & anonymity 30% 3.5
Fund control 20% 0.0
Censorship resistance 20% 4.5
Costs 10% 3.8

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 MaxSwap require KYC?

According to the sources reviewed, MaxSwap states it does not require KYC: the virtual card is issued via a Telegram bot without identity verification. The lack of KYC and of any publicly documented license calls for caution before trusting the service with funds.

Which blockchains are used to top up the MaxSwap card?

Top-ups are made on-chain over Ethereum (ERC-20) and TRON (TRC-20). The card supports several cryptocurrencies (including BTC, ETH, USDT, USDC, XRP) that are converted to local currency at the point of sale on the MasterCard network.

Sources

Update history

✓ Terms unchanged since Jun 22, 2026

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