Osmosis Pay
Osmosis (powered by Cypher) · Visa
Osmosis Pay is the spending card of the Osmosis ecosystem (the leading DEX/AMM on Cosmos), launched in October 2024 and powered by Cypher (Cypher_HQ). It is live and managed from pay.osmosis.zone. The model is self-custody until conversion: assets stay in your self-custodied Osmosis wallet (USDC, USDY, ATOM, OSMO, bridged USDT) until you fund the card; at payment the crypto is instantly converted to USD and the fiat balance is held by the issuer (so no FDIC protection on the balance). Visa network, accepted at 40+ million merchants across 140+ countries, with a virtual (Standard) and physical (Premium) card, Apple Pay/Google Pay and 3D Secure. Stated fees: physical card issuance USD 50 (virtual free), no annual fee, conversion markup 2% on the Standard tier and 1% on Premium, no cashback. ATM limit USD 500 per withdrawal (up to USD 2,000/day on Premium). settlement_onchain is set to false because at the point of sale settlement happens in fiat via the Visa issuer, not on-chain.
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 | €50 |
| Annual fee | Free |
| Free ATM limit | 500 USD per prelievo (Premium fino a 2.000 USD/giorno) |
| ATM withdrawal | Free |
| FX markup | 1% |
| Cashback | — |
| Chains | Osmosis, Cosmos |
| On-chain settlement | No |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 3/10 |
| Supported countries | EEA, UK, APAC, LATAM, MENA, AFRICA · 198+ countries |
| Funding / solidity | Osmosis Pay e la carta dell'ecosistema Osmosis (DEX/AMM su Cosmos), powered by Cypher ed emessa da Reap Technologies Limited, societa privata con sede a Hong Kong. La carta e disponibile in circa 198 paesi (Italia inclusa); le nuove iscrizioni dagli USA non sono supportate. |
| Estimated net annual cost | €0/year |
| Regulator | Customs and Excise Department (Hong Kong) |
| OAM Italy registration | No |
| Segment | B2C |
| Funding / solidity | Osmosis Pay is the card of the Osmosis ecosystem (a DEX/AMM on Cosmos), powered by Cypher and issued by Reap Technologies Limited, a private company headquartered in Hong Kong. The card is available in about 198 countries (including Italy); new US signups are not supported. |
Plans & pricing
Strengths
- Self-custody until conversion: assets stay in your self-custodied Osmosis wallet until you fund the card
- Live and widely accepted: Visa network with 40+ million merchants across 140+ countries, free virtual card and Apple/Google Pay
- Fundable with multiple Cosmos assets (USDC, USDY, ATOM, OSMO, bridged USDT) straight from the Osmosis wallet
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- Conversion markup up to 2% (Standard) and no cashback: spending costs are not competitive
- Physical card costs USD 50 issuance/shipping and full KYC is mandatory
- After conversion the USD balance is held by the issuer and is not FDIC-protected; new US signups are not supported
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Weak protection: full KYC is mandatory and, after point-of-sale conversion, the USD balance is held by the issuer without FDIC protection. New US signups are not supported.
Decent on sovereignty: assets stay in your self-custodied Osmosis wallet until you fund the card, but full KYC and issuer-managed fiat conversion reduce control.
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 Osmosis Pay self-custody?
Yes, until conversion: assets stay in your self-custodied Osmosis wallet; when you pay, the crypto is converted to USD and the fiat balance moves under the issuer's management.
How much does the Osmosis Pay card cost?
The virtual card (Standard) is free, the physical card (Premium) carries a USD 50 issuance/shipping fee; no annual fee, conversion markup 2% Standard and 1% Premium, no cashback.
Sources
- Official service page Url · Payment network · Custodial · Virtual card Data verified on Jun 22, 2026
- cryptocardhub.com Fx markup · Issuer · Kyc · Regioni · +8 Data verified on Jun 23, 2026
- x.com Regulator · Azienda info · Segmento Data verified on Jun 23, 2026
- stakecito.com Issuer-Cypher · Blockchain · Stato · Payment network Data verified on Jun 22, 2026
Show 1 more source
- todey.xyz Fee emissione · Fx markup · Cashback · ATM limits · +3 Data verified on Jun 22, 2026