El Dorado Card
El Dorado · Visa
El Dorado Card is the dollar card of the El Dorado financial super-app, built for Latin America and linked to the app's US dollar account and USDT P2P marketplace. It is a virtual-only Visa card (number, CVV and expiry, usable via Apple Pay and Google Pay), issued by Lead Bank under a Visa U.S.A. license, operated by El Dorado Labs PY Inc. with Bridge Ventures LLC as program manager. It lets users spend dollars anywhere Visa is accepted with no FX markup (0%) on USD purchases and no monthly fee. Issuance costs a one-time 3.99 USDT (sometimes waived as a promotion); the euro figure is an approximation. The card does not support ATM withdrawals: atm_fee_pct and atm_limit are set to 0 because the feature is not offered. The country count (about 11 in LATAM, including Argentina, Brazil, Bolivia, Colombia, Peru, Ecuador, Costa Rica, Guatemala, Honduras, Paraguay and Trinidad and Tobago) is an estimate based on stated availability. Funds are held on a custodial basis. Not available to US residents.
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Account fee | Free |
|---|---|
| Multi-currency | No |
| Network | Visa |
| ATM withdrawal | Free |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | LATAM · 11+ countries |
| Regulator | Lead Bank (issuer, USA) su licenza Visa U.S.A.; El Dorado Labs S.R.L. registrata come VASP |
| Segment | B2C |
| MiCA / License status | Visa U.S.A. licensed (Lead Bank issuer) Card issued by Lead Bank under a Visa U.S.A. license; the operating entity for the region (El Dorado Labs S.R.L.) is registered as a Virtual Asset Service Provider (VASP). |
Strengths
- No FX markup (0%) on dollar purchases and no monthly fee
- Integrated with the dollar account and USDT P2P marketplace of the El Dorado super-app
- Works with Apple Pay and Google Pay, usable anywhere Visa is accepted
- No notable sovereignty advantage documented.
Weaknesses
- Virtual-only card with no physical version and no ATM withdrawals
- Available only in select Latin American countries and not to US residents
- Custodial wallet: funds are held by the provider, not by the user
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Card issued by Lead Bank under a Visa U.S.A. license; the operating entity for the region (El Dorado Labs S.R.L.) is registered as a Virtual Asset Service Provider (VASP).): reporting to authorities and freezes on order.
Verdict
Virtual-only card issued by Lead Bank under a Visa U.S.A. license; funds are held custodially by the provider and the operating entity for the region is registered as a VASP (El Dorado Labs S.R.L.). No bank-style deposit insurance on crypto funds.
Custodial wallet: keys and funds are controlled by the provider, not the user. Full mandatory KYC and no self-custody option, so individual sovereignty protection is low.
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 El Dorado Card physical or virtual?
It is a virtual-only Visa card: it comes with a number, CVV and expiry and is used online or via Apple Pay and Google Pay anywhere Visa is accepted. There is no plastic card and no ATM withdrawal.
How much does the El Dorado Card cost?
Issuance is a one-time 3.99 USDT fee, which may be waived as a promotional incentive, and there are no monthly maintenance fees. No FX markup is applied on dollar purchases.
Sources
- Official service page Payment network · Virtual card · FX markup · Issuer · +13 Data verified on Jun 23, 2026
- todey.xyz Payment network · Card issuance fee · Monthly fee · FX markup · +5 Data verified on Jun 22, 2026