Phantom Cash

Name: Phantom Cash
Brand: Phantom

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
Free ATM limit	N/A (solo prepaid)
ATM withdrawal	Free
FX markup	1%
Cashback	Not disclosed
Chains	Solana
On-chain settlement	Yes
Contactless	Yes
Virtual card	Yes
KYC	Light
Privacy	8/10
Supported countries	US · 1+ countries
Estimated net annual cost	€0/year
Regulator	Stripe partner bank (OCC/FDIC); FinCEN / state MSB regulators
OAM Italy registration	No
Segment	B2C
Past incidents	August 2022: an exploit of ~8,000 Solana wallets (~$8M) caused by the third-party Slope Wallet library, not by Phantom; Phantom urged users to migrate their seed phrases.
MiCA / License status	Stripe Issuing / BIN sponsor (partner bank model)

Plans & pricing

Price: Free
Issuance fee: Free
FX markup: 1%
Cashback: 0%
Cashback currency: Nessuno
Required staking: Nessuno
ATM fee: 0%
ATM limit: N/A (solo prepaid)
Net annual cost: Free

Self-custody via Phantom wallet
Solana asset spending
Apple Pay
USDC settlement

Strengths

Self-custodial Solana; CASH stablecoin 1:1 USD; gas fee ~$0,01.

Self-custody: funds stay in your wallet — the platform cannot touch them.
Light KYC: minimal identity verification.

Weaknesses

US only; no cashback; no ATM access.

No notable sovereignty drawback documented.

Verdict

A B ★ 4.6/5 ★ 3.7/5 Estimated net annual cost: €0/year

The high rating rewards a clean architecture and a solid banking partner (a Stripe partner bank, OCC/FDIC), but from a protection standpoint its unavailability in Italy weighs heavily: the card operates only in the US, excluding New York and Alaska. Add the absence of cashback and ATM access, the 1% FX markup and the usual key responsibility of the self-custodial model.

On the sovereignty side Phantom Cash is among the most convincing: self-custodial on Solana, on-chain settlement with the CASH stablecoin pegged 1:1 to the dollar and gas fees around $0.01, with only light KYC that raises the privacy bar. User autonomy is at its peak; coverage limited to the US is the only real brake on reach.

Privacy & anonymity 30% 3.3

Fund control 20% 5.0

Censorship resistance 20% 3.0

Costs 10% 3.8

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 Phantom Cash a safe card?

Phantom Cash is a self-custody card on the Visa network. As a payment card, loaded funds are e-money and are not covered by a bank deposit-guarantee scheme. Fund custody is self-custody.

How much does Phantom Cash cost?

The card has no annual fee. Issuance is free. The FX markup is 1%. See the tier table for full conditions.

Does Phantom Cash offer cashback?

Phantom Cash does not offer crypto cashback.

Is Phantom Cash available in Italy?

No, Phantom Cash is not currently available in Italy.

Is Phantom Cash custodial or self-custody?

Phantom Cash uses a self-custody model. Funds stay in your wallet and you keep control of your private keys; the card debits at the moment of spending.