Kolo Card
Kolo (Hardline Holdings Limited) · Visa
Kolo Card is a non-custodial crypto Visa card linked to a self-custody multichain wallet: assets (BTC, ETH, USDC, USDT, EURC, LTC and others) remain owned by the user and are converted to local currency at the moment of payment via Apple Pay or Google Pay. The virtual card is free (the physical card costs about 10 USD), there are no annual fees, the FX markup is 0% on stablecoins (USDT, USDC, EURC) and up to 1% on other crypto, with 2% cashback paid in Bitcoin. It requires full KYC and is available in 60+ countries, with strong coverage across Africa (Nigeria, Kenya, Ghana, Egypt, South Africa and others). Kolo describes itself as MiCA-ready and Travel Rule aligned, but no specific license number nor official ATM fees/limits are documented, so atm_fee_pct and atm_limit are omitted pending confirmation. The issuing company is Hardline Holdings Limited (founded 2022).
The number that matters
The banner cashback 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 | Visa |
|---|---|
| Fund custody | Self-custody (funds in your control) |
| Issuance fee | Free |
| Annual fee | Free |
| ATM withdrawal | Free |
| FX markup | 1% |
| Cashback | 2% in BTC · Nessuno |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 6/10 |
| Supported countries | AFRICA, EEA, UK, MENA · 60+ countries |
| Funding / solidity | Kolo e operata da Hardline Holdings Limited, registrata presso l'AIFC di Astana (Kazakhstan); i servizi crypto sono erogati da BURVIX SP. Z O.O. (Polonia). La carta gira su rail Raincards. |
| Estimated net annual cost | €0/year |
| Regulator | Astana Financial Services Authority (AIFC, Kazakhstan) |
| Segment | B2C |
| Funding / solidity | Kolo is operated by Hardline Holdings Limited, registered at AIFC Astana (Kazakhstan); crypto services are provided by BURVIX SP. Z O.O. (Poland). The card runs on Raincards rails. |
| MiCA / License status | MiCA-ready / EU regulatory standards aligned, Travel Rule aligned (self-declared, no specific license number documented) Issuer Hardline Holdings Limited registered at the Astana International Financial Centre (AIFC) with FinTech Lab Participant status; crypto services provided by BURVIX SP. Z O.O. (Poland, VASP). Kolo describes itself as MiCA-ready and Travel Rule aligned. |
Strengths
- Self-custody: assets stay in the user's multichain wallet until payment
- 2% cashback in Bitcoin and 0% FX markup on stablecoins
- Free virtual card with Apple Pay/Google Pay and wide African coverage
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- Unverified team and no specific license number documented
- ATM fees and limits not publicly disclosed
- FX markup up to 1% on non-stablecoin crypto
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Issuer Hardline Holdings Limited registered at the Astana International Financial Centre (AIFC) with FinTech Lab Participant status; crypto services provided by BURVIX SP. Z O.O. (Poland, VASP). Kolo describes itself as MiCA-ready and Travel Rule aligned.): reporting to authorities and freezes on order.
Verdict
Weak protection: Kolo describes itself as MiCA-ready and Travel Rule aligned, with issuer Hardline Holdings Limited registered at AIFC Astana (Astana Financial Services Authority) and crypto services via BURVIX SP. Z O.O. (Poland), but no specific license number nor deposit protection scheme is documented and the team is not publicly verified.
Strong sovereignty: Kolo is a non-custodial card linked to a self-custody multichain wallet, assets stay owned by the user until payment; mandatory full KYC is the main downside.
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 Kolo Card custodial?
No. Kolo Card is non-custodial: assets stay in the user's self-custody multichain wallet and are only converted to local currency at the moment of payment.
What cashback does Kolo Card offer?
It offers 2% cashback in Bitcoin on spending, with 0% FX markup on stablecoins (USDT, USDC, EURC) and up to 1% on other crypto.
Sources
- Official service page Payment network · Custodial · FX markup · Cashback · +4 Data verified on Jun 22, 2026
- spendnode.io Cashback · FX markup · Annual card fee · Issuer · +7 Data verified on Jun 23, 2026
- todey.xyz Custodial · Payment network · Card issuance fee · FX markup · +4 Data verified on Jun 22, 2026