The Baanx / Ledger CL Card earns 1-2% cashback on a Visa debit card with no annual fee, available in US/UK/EU/LATAM/Canada.
Baanx is a London-based fintech that provides white-label crypto card issuing and embedded-finance infrastructure for crypto wallets and exchanges, and operates the Crypto Life (CL) consumer card brand. The company holds an Electronic Money Institution authorization in the UK and EU/EEA, and has partnered with Mastercard, Visa, Ledger, 1inch, MetaMask, and Tether to issue card products.
The Baanx / Ledger CL Card is a crypto debit card offered by Baanx (Crypto Life), available in US/UK/EU/LATAM/Canada. It offers 1-2% cashback across 2 reward tiers, giving users the ability to earn higher rates as they increase their commitment. There is no annual fee to hold this card. It runs on the Visa network and requires standard identity verification.
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| Tier | Rate | Requirement |
|---|---|---|
| BTC/USDC | 1% | Default reward |
| BXX Token | 2% | Select BXX as reward currency (cashback paid in BXX) |
Withdrawals go only to a name-matched linked bank account; no personal IBAN is provided.
Compare IBAN and transfer capability across cards in our crypto cards with IBAN guide.
On $500/mo spend, the estimated monthly cost breakdown for Baanx / Ledger CL Card is: gas $0.00, conversion spread $18.75, flat/FX fees $0.00, and amortised card/tier fee $0.00, for a total drag of 3.8% of spend. After $5.00/mo cashback that is still a net cost of about $13.75/mo ($165.00/yr). Baanx / Ledger CL Card tops up from a centralized balance, so there is no on-chain gas cost regardless of how often you reload. Figures are conservative estimates and vary with conditions.
Note: Also available as Ledger CL Card. 1.75% FX/conversion + 2% card spend fee on crypto-funded transactions (~3.75% total) erodes cashback. NOT available in NY/VT. Cashback: 1% BTC/USDC (US) or BTC/USDT (RoW), 2% in BXX. Exodus COMPLETED acquisition of Baanx/Monavate (May 1, 2026) for $76.27M (Monavate+Baanx.com) + $5M cash + $25M deferred (Baanx US). W3C Corp defaulted on $70M loan; receivers appointed Apr 28, 2026. Card services expected to continue unchanged under Exodus ownership. Despite self-custody branding, the governing Crypto Life terms state that on transferring crypto into a Baanx wallet, possession and ownership pass to Baanx and the user retains no proprietary title, and Crypto Life's own FAQ confirms funds moved to the card are no longer under self-custody. Baanx itself is FCA-registered as a cryptoasset business under money-laundering regulations only, which is not an e-money or payment authorisation. The Bank of Lithuania fined issuer UAB Monavate EUR 270,000 with a warning on 2025-11-25 for AML, management, and reporting breaches.
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The Baanx / Ledger CL Card is a crypto debit card offered by Baanx (Crypto Life). It is available in US/UK/EU/LATAM/Canada and allows users to spend cryptocurrency at merchants worldwide.
The Baanx / Ledger CL Card offers 1-2% cashback. There are 2 tiers: BTC/USDC (1%), BXX Token (2%).
The Baanx / Ledger CL Card has an annual fee of $0. Additional fees: Conversion fee: 1.75% + 2% card spend; FX fee: 1.75%; ATM: 1.5%.
Yes. Baanx (Crypto Life) requires standard identity verification (KYC), typically a government-issued ID, during signup.
The Baanx / Ledger CL Card is available in US/UK/EU/LATAM/Canada.
The Baanx / Ledger CL Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Yes, the Baanx / Ledger CL Card supports Apple Pay and Google Pay for contactless payments.
The Baanx / Ledger CL Card is issued by UAB Monavate (EEA); Monavate Ltd (UK). Licences: EMI (Bank of Lithuania, EEA); EMI (Financial Conduct Authority, UK).
No, the Baanx / Ledger CL Card does not come with a personal IBAN. Withdrawals go only to a name-matched linked bank account; no personal IBAN is provided.
Card balances are e-money regulated by the FCA or the Bank of Lithuania; fiat held on the platform outside the safeguarded e-money account is not e-money and is not protected by the FSCS or the Financial Ombudsman Service.
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