OKX Card Standard
A plan byOKX Card · Mastercard
A crypto card licensed under MiCA via Malta, covering 30 EEA countries with no FX markup. Cashback is tied to USDG spending, excluding USDT and USDC, and in 2025 the company received an AML fine in Malta.
Worth it if you spend across the EEA and want 0% FX markup under a MiCA licence covering 30 countries.
Avoid it if you want cashback without strings (it requires USDG, not USDT or USDC) or you don’t accept exchange custody.
Standard
- Price
- Free
- Issuance fee
- Free
- FX markup
- 0%
- Cashback
- 2%
- Cashback currency
- USDG (solo se pagamento USDG)
- Cashback cap
- €10
- Required staking
- Nessuno
- ATM limit
- Not disclosed
- Net annual cost
- Free
What's included
- 2% cashback USDG only (no USDC)
- 0.1% market spread
- No FX fee OKX
- 20% cashback primi 30gg
no ATM — documentazione OKX Card EEA copre solo spese POS Mastercard (0% FX, 0,1% spread); ATM citato solo come transazione esclusa dal cashback, nessuna fee/limite ATM pubblicata
The clause
That 5% on the banner isn't what you pocket.
After FX markup, fees and withdrawals, on an average profile of €1,000/mo (20% abroad).
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Mastercard |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | Free |
| Annual fee | Free |
| Free ATM limit | Not disclosed |
| ATM withdrawal | not declared |
| FX markup | 0% |
| Cashback | 2% in USDG (solo se pagamento USDG) · Nessuno |
| Chains | Ethereum, X Layer, Tron, Solana, BNB Chain |
| On-chain settlement | Yes |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 2/10 |
| Supported countries | EEA, LATAM, APAC, US · 31+ countries |
| Estimated net annual cost | €0/year |
| Regulator | Malta MFSA; Dubai VARA; MAS (Singapore); ASIC/AUSTRAC (Australia); US state regulators |
| OAM Italy registration | Yes |
| Segment | B2C |
| Past incidents | April 2025: ~€1.1M AML fine from the Maltese authority for anti-money-laundering control shortcomings. · February 2025: in the US, subsidiary Aux Cayes pleaded guilty and paid ~$504M to the DOJ for operating as an unlicensed money transmitter. |
| MiCA / License status | MiCA (CASP); VARA VASP; MPI (Singapore); AFS (Australia); Money Transmitter (US states) |
Strengths
- MiCA licence via Malta: covers 30 EEA countries; 0% FX markup.
- No notable sovereignty advantage documented.
Weaknesses
- Cashback requires USDG (not USDT/USDC); custodial.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
The A rating rests on a MiCA licence via Malta covering 30 EEA countries, 0% FX markup, no annual fee, availability in Italy and OAM registration: a regulatory and cost setup reassuring for the ordinary user. Holding the score back are the up-to-5% cashback tied to USDG spending — excluding USDT and USDC, the stablecoins people actually use — and the AML fine received in Malta in 2025, which weighs on trust.
Through this lens OKX gains something thanks to on-chain settlement across several networks (Ethereum, Solana, Tron, BNB Chain, X Layer), bringing spending closer to native money. It stays custodial with full KYC and minimal privacy, though, and tying cashback to USDG hooks the user to a specific stablecoin: self-custody is absent and the model stays centralised, so the sovereignty advantage is only partial.
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.
Reputation
What happened to people who used OKX Card, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
Google Play ↗
4.2/5
923,857 reviews
Exact count read from the JSON-LD structured data on the Play listing (ratingValue 4.1626, ratingCount 923,857). It covers the OKX app as a whole, not the card alone.
-
App Store ↗
4.6/5
22,451 reviews
Main OKX app (US storefront, id 1327268470), read from the iTunes lookup endpoint: the score covers the exchange app as a whole, not the OKX Card alone.
Weighted average across 2 public review platforms (946,308 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
Is OKX Card a safe card?
OKX Card is a custodial card on the Mastercard network. Its issuer is MiCA-compliant. 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 OKX Card cost?
The card has no annual fee. Issuance is free. The FX markup is 0% (no surcharge). See the tier table for full conditions.
Does OKX Card offer cashback?
Yes: cashback goes up to 5% in USDG (only on USDG-funded purchases), depending on your OKX VIP level.
Is OKX Card available in Italy?
Yes, OKX Card is available in Italy.
Is OKX Card custodial or self-custody?
OKX Card uses a custodial model. Funds are held by the issuer: you do not have direct control of the private keys.
Sources
- Official service page Plans & pricing · Regulatory framework · Tier.Standard.cashback cap eur · Tier.Standard.atm fee pct Data verified on Jul 10, 2026
- kkinvesting.io Past incidents Data verified on Jul 10, 2026
- amlintelligence.com Past incidents Data verified on Jun 14, 2026
- cantina.xyz Bug bounty Data verified on Jun 14, 2026
Show 8 more sources
- chaincatcher.com Third-party audit Data verified on Jun 14, 2026
- complycube.com Past incidents Data verified on Jun 14, 2026
- en.cryptonomist.ch On-chain settlement Data verified on Jun 14, 2026
- github.com Trustpilot reviews Data verified on Jun 14, 2026
- ir.theice.com Valuation Data verified on Jun 14, 2026
- mastercard.com Payment network Data verified on Jun 14, 2026
- rootdata.com Founders Data verified on Jun 14, 2026
- theblock.co Valuation · Investors Data verified on Jun 14, 2026
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