The Baanx / Ledger CL Card earns 1% BTC/USDT (USDC in US) 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% BTC/USDT (USDC in US) cashback rewards on purchases. 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/USDT | 1% | Default reward, paid in BTC or USDT (BTC or USDC in the US) |
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 $10.00, flat transaction fees $0.00, and amortised card/tier fee $0.00, for a total drag of 2% of spend. After $5.00/mo cashback that is still a net cost of about $5.00/mo ($60.00/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. A 2% card spend fee on every purchase erodes cashback. Card payments in a foreign currency carry no FX fee under the issuer's fee information document, and the separate 1.75% crypto-to-fiat fee applies to wallet conversions, not card purchases. The Baanx US account agreement says the card is available in all 50 US states, the District of Columbia and Puerto Rico, with Cross River Bank as the US issuer. Cashback is 1% in BTC or USDT (BTC or USDC in the US); CASHBACK CORRECTED (2026-10-24): the 2% BXX tier previously recorded appears on no official page, and the "Up to 2%" headline on withcl.com sits above body text saying up to 1% in BTC or USDT. ATM fees per the fee documents: €2.50 in the UK and €3.00 + 1.5% outside the UK; in the US $2.50 domestic and $3.00 + 2% international. The US fee PDF also lists an ambiguous "Card Not Present Domestic $2.50" line. 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% BTC/USDT (USDC in US) cashback.
The Baanx / Ledger CL Card has an annual fee of $0. Additional fees: Conversion fee: 2% card spend fee (the separate 1.75% crypto-to-fiat fee applies to wallet conversions, not card purchases); FX fee: 0% (no fee on foreign-currency card payments per the Monavate fee document; US: no additional currency conversion fee); ATM: €2.50 in the UK, €3.00 + 1.5% outside the UK; US: $2.50 domestic, $3.00 + 2% international.
The Baanx / Ledger CL Card has the following limits: daily spending limit: $10,000 total daily activity (US; POS up to $15,000); daily ATM withdrawal limit: $2,000 (US). Limits can vary by account tier and verification level.
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); Cross River Bank (US). 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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