Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

Osmosis Pay Premium

A plan byOsmosis Pay · Visa

3.0/5 2.2/5 · Data verified on Jun 22, 2026

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.

Estimated net annual cost €0/year

Premium

Issuance fee: €50
FX markup: 1%
tipo_carta: fisica

FX markup

—

Cashback

Free

Annual fee

€50

Issuance fee

Self-custody

Custody

Transparency: Very low

31/100 · see methodology

Data exposure: Minimal

31/100 · lower is better for sovereignty · methodology

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.

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

C C ★ 3.0/5 ★ 2.2/5 Estimated net annual cost: €0/year

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.

Privacy & anonymity 30% 0.8

Fund control 20% 5.0

Censorship resistance 20% 1.5

Costs 10% 2.5

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.