Crypto Card Comparison (Redot & Cypher)
Of the many ways to use crypto, my favourite is crypto cards. It's a dog honey because you don't have to go through the Korean exchange, and both companies are in foreign countries. I don't know😉 what it means
I play two cards, Redot and Cypher. The way it works and the pros and cons are different, so let's compare them for an easy choice. I will put the application link in the comments (this is my referral, if you don't want to use it, you can search for it)
Redot
How to use
- Send crypto to the wallet address you create when creating an account.
Fees
- $10 for virtual card issuance, $100 for physical card issuance, 1.2% Forex, and 1% usage fee.
merit
- No need to charge the card before use.
- Crypto withdrawals and transfers between accounts are possible.
- Binance Pay linkage.
Disadvantages
- Limited cryptocurrencies and chains supported (USDC, USDT, BTC, ETH).
Cypher
How to use
- Connect your existing wallet and charge your card.
Fees (Standard)
- Free annual fee, free virtual card issuance, $50 physical card shipping, 1.5% Forex, 0.5% USDC top-up fee, 1% other crypto top-up fee.
Fees (Premium)
- $200 annual fee, free issuance of virtual and metal cards, 3 additional cards, 0.5% Forex, 0.5% USDC top-up fee, 0.5% other crypto top-up fee
merit
- Lots of cryptocurrencies and chains supported.
- Have the desired crypto before recharging the card.
Disadvantages
- No crypto withdrawals and transfers after top-up.
Limits and fees
Redot
- Usage limit: $100,000 per day
- ATM withdrawal limit of $200,000 per month
Cypher
- Usage limit: $2,000 per day
- ATM withdrawal limit of $10 per month
*Both cards can be withdrawn at ATMs if you have a physical card.
Notes:
- Redot gives you $5 when you create an account, and 60% off your virtual card when you top up your Stable with Solana. In fact, the card issuance cost $1.
- Cypher started accumulating rewards, but there was no way to use them.
Tips for choosing
- Want to use it without having to charge your card while holding stable? Apple Pay or Google Pay with Redot virtual.
- Do you want to use an ATM with a low fee? Redot physical.
- Do you have a lot of coins and it's troublesome to change them to stable? Cypher standard.
- Do you want a tickling metal card? Cypher Premium.
I personally use Redot virtual, Redot physical, cypher standard. (It's not a one-time issuance fee, it's an annual fee of $200 Abba)
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