Costs, licensing, consumer protection Privacy, self-custody, censorship resistance
B D LATAM Crypto Neobanks

Lemon Cash

Lemon Cash

Lemon Cash Inc.

Status
Private company
Legal HQ
Argentina
Founded
2019
Corporate site
lemon.me

Main investors / shareholders

  • F-Prime Capital · Other
  • ParaFi Capital · Other
  • DRW Venture Capital · Other
  • Endeavor Catalyst · Other
  • Van Eck · Other
  • Persea VC · Other
  • Alumni Ventures · Other
  • Lambda Class · Other
  • Coinbase Ventures · Other
  • Kingsway Capital · Other
  • Valor Capital Group · Other
  • Draper Associates · Other
  • Cadenza Ventures · Other
  • Grupo Supervielle · Other
  • 2048 Ventures · Other
  • Byld Ventures · Other
  • LAUNCH · Other
  • Pioneer Fund · Other
  • Pnina International · Other
  • Sandwith Ventures · Other
  • SixThirty · Other

Private Argentine company with legal headquarters in El Salvador. Crypto custody handled by Lanin Pay S.A. de C.V. (El Salvador).
3.9/5 1.8/5
Account fee Free

Data verified on unchanged since the sources

Worth it if you live in Latin America and want a Visa card with 2% cashback in Bitcoin and USDC yield, from Argentina's market leader (35% share).

Avoid it if you're outside LATAM or want fixed costs: there's exposure to volatile local currencies and a monthly fee the plan doesn't quantify.

Visit official website ↗

A service holding a 35% market share in Argentina, with 2% BTC cashback and a Bitcoin-backed credit card. It carries exposure to volatile Latin American currencies, however, and charges a monthly fee.

47
Transparency: Low
47/100 · see methodology
47
Data exposure: Low
47/100 · lower is better for sovereignty · methodology

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 4%
ATM withdrawal not declared
Fund custody Custodial (platform holds funds)
KYC Full
Supported countries LATAM · 5+ countries
Regulator CNV Argentina / El Salvador regulator
OAM Italy registration No
Segment B2C
Past incidents 2022 negative-balance bug
MiCA / License status VASP

Plans & pricing

Lemon

Price
Free
Issuance fee
Free
FX markup
0.5%
Cashback
2%
Cashback currency
BTC
Required staking
Nessuno
Net annual cost
Free
  • 2% cashback in Bitcoin
  • Visa debit
  • USDC yield
  • 2M+ utenti AR

Strengths

  • 35% market share Argentina; 2% cashback BTC; BTC-backed credit card.
  • No notable sovereignty advantage documented.

Weaknesses

  • exposure currencies LATAM volatili; monthly fee.
  • Custodial: the platform holds your funds and can freeze or lose them.
  • Full KYC required: verified identity, zero pseudonymity.

Verdict

B D ★ 3.9/5 ★ 1.8/5

With a 35% share in Argentina, CNV oversight and a Bitcoin-backed card, Lemon Cash is among the more solid LATAM options and sits high in the B band. Two brakes on protection remain: a monthly fee and, above all, exposure to highly volatile Latin American currencies, and the 2022 negative-balance bug stands as an operational precedent worth keeping in mind.

BTC cashback and Bitcoin backing bring it closer to the crypto-native spirit than other regional rivals, but the model stays custodial with full KYC: keys and identity remain in the platform's hands. It is a good bridge to Bitcoin for someone living in Argentina, not a tool for sovereignty and censorship resistance.

Privacy & anonymity 30% 0.8
Fund control 20% 2.5
Censorship resistance 20% 1.5
Costs 10% 4.4

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 Lemon Cash, and what users say. External signals: they do not feed the promp.it rating.

Incidents & regulatory actions

History not verified

We have not yet completed the incident search for this service: no entries here does not mean no events.

Public reviews

4.1/5 49,436 reviews
  • Google Play ↗ 4.1/5 45,318 reviews

    Google Play (com.applemoncash), aggregateRating from JSON-LD.

  • App Store ↗ 4.2/5 4,118 reviews

    Argentina App Store (Lemon Cash Inc), iTunes API.

Weighted average across 2 public review platforms (49,436 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.

FAQ

Is Lemon Cash a real bank?

Lemon Cash operates under a VASP licence. The deposit-protection scheme is not documented for this service; check the official terms.

Can I send transfers to third-party IBANs with Lemon Cash?

The ability to send transfers to third-party IBANs is not documented; check the official website.

Does Lemon Cash support direct debits and utility billing?

SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.

Which fiat currencies does Lemon Cash support?

The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.

Can I withdraw crypto on-chain from Lemon Cash?

On-chain crypto withdrawal is not documented; check the official website.

Sources

Show 5 more sources

Update history

✓ Terms unchanged since Jun 14, 2026

🔔 Notify me of changes

Alternatives to Lemon Cash

Other services worth considering

B ★ 3.8 Belo B ★ 3.7 Prex B ★ 3.7 Ripio B ★ 3.6 Meru FX 0% €0/year
All Lemon Cash alternatives →

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