Belo
Belo
Among the first crypto Mastercard cards in Latin America, with cashback from 2% to 21% and Tether backing. The maximum 21% cashback is conditional on specific requirements, however, and operations remain limited to the Latin American market.
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | condiviso |
| Multi-currency | Yes · 2 currencies |
| Outbound transfers to third-party IBANs | No |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | Yes |
| Interest on balance | 3% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | LATAM · 7+ countries |
| Regulator | CNV / BCRA |
| OAM Italy registration | No |
| MiCA / License status | VASP (Argentina) |
Plans & pricing
Strengths
- Before crypto Mastercard LATAM; 2-21% cashback; Tether backing.
- No notable sovereignty advantage documented.
Weaknesses
- Cashback 21% condizionale; LATAM only.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Being among the first crypto Mastercards in Latin America with CNV and BCRA oversight gives a reliability base that justifies the B band, and cashback up to 21% is a tangible draw. Caution is warranted, though: that 21% is conditional on specific requirements, the backing is in Tether, and operations stay confined to the Latin American market, making it unusable for an Italian user.
Here the custodial nature and full KYC weigh heavily, leaving little room for autonomy or privacy, as the modest privacy score confirms. The product runs on Mastercard rails and Tether collateral: convenient, but far from the direct key control and censorship resistance the crypto-native lens demands.
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 Belo a real bank?
Belo is a digital financial service. The deposit-protection scheme is not documented for this service; check the official terms.
Can I send transfers to third-party IBANs with Belo?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Belo support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Belo support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from Belo?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · OAM Italy registry · Past incidents · +3 Data verified on Jun 13, 2026
- help.belo.app On-chain crypto withdrawals · Legal name Data verified on Jun 15, 2026
- techfundingnews.com Founders · Latest funding round · Investors Data verified on Jun 14, 2026
- trustpilot.com Trustpilot reviews Data verified on Jun 14, 2026
Show 1 more source
- latamlist.com Savings interest · Variante regionale.fee remittance pct Data verified on Jun 13, 2026