The OKX Card earns 2-5% USDG cashback on a Mastercard/Visa debit card with no annual fee, available in EU/Norway/Singapore/Brazil.
OKX is a global cryptocurrency exchange and Web3 platform whose roots trace to OKCoin, founded in 2013 by Mingxing "Star" Xu in China. The OKEx exchange launched in 2017 and rebranded to OKX in January 2022 to reflect its broader Web3 product suite, including a self-custody wallet and DeFi access. The company operates internationally with regional hubs in Singapore, Dubai, and elsewhere.
The OKX Card is a crypto debit card offered by OKX, available in EU/Norway/Singapore/Brazil. It offers 2-5% USDG cashback across 4 reward tiers, giving users the ability to earn higher rates as they increase their commitment. There is no annual fee to hold this card.
Best suited for reward-focused spenders willing to optimize for cashback. It runs on the Mastercard/Visa network and requires full identity verification.
New to crypto cards? Read our complete buyer's guide to understand fees, rewards, and how to choose. Concerned about privacy? See our KYC vs non-KYC comparison. Browse all our regional card guides. See where it ranks among the best crypto debit cards.
| Tier | Rate | Requirement |
|---|---|---|
| Regular | 2% | Non-VIP, USDG transactions only; EUR 10/mo cashback cap (EEA), $50/mo (SG) |
| VIP 1 | 4% | OKX exchange VIP 1, USDG only; EUR 300/mo cashback cap (EEA), $400/mo (SG) |
| VIP 2 | 4.5% | OKX exchange VIP 2, USDG only; EUR 450/mo cashback cap (EEA), $600/mo (SG) |
| VIP 3+ | 5% | OKX exchange VIP 3+, USDG only; EUR 1,000/mo cashback cap (EEA), $800/mo (SG) |
The card has no IBAN; an IBAN appears in OKX's EUR SEPA deposit flow but is not stated to be in the user's name. Third-party deposits are returned, and withdrawals require account-ownership verification. The Bank of Lithuania fined UAB Monavate EUR 270,000 with a warning on 2025-11-25 for AML, management, and reporting breaches.
Compare IBAN and transfer capability across cards in our crypto cards with IBAN guide.
On $500/mo spend, the estimated monthly cost breakdown for OKX Card is: gas $0.00, conversion spread $0.50, flat/FX fees $0.00, and amortised card/tier fee $50.00, for a total drag of 10.1% of spend. After $10.00/mo cashback that is still a net cost of about $40.50/mo ($486.00/yr). OKX 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.
The OKX Card is a stablecoin-funded debit card that spends directly from your OKX Pay balance, converting to fiat at the point of sale, live in the EU plus Norway since January 28, 2026 (Iceland and Liechtenstein explicitly excluded). It has since spread: Brazil got a USD card with a PIX on-ramp in November 2025, and Singapore got a Visa version in April 2026 under OKX SG's MAS licence. Note the network split: Mastercard in the EEA, Visa in Singapore, so no single network label fits. OKX also secured a Malta Payment Institution licence in February 2026, which puts the card on MiCA and PSD2 compliant rails across the EU.
The cashback design is the real story, and it is narrower than the headline. Rewards accrue only on spend funded with USDG, Paxos's Global Dollar; other stablecoin spend earns nothing. Tiers track OKX exchange VIP level, and since March 1, 2026 the EEA table runs from 2% for non-VIPs, capped at just 10 EUR a month, up to 10% for VIP 4+ with a 1,000 EUR cap. In practice, meaningful cashback requires VIP status; a non-VIP maxes out at 10 EUR a month. Singapore adds an extra hurdle: you must be an Accredited Investor to receive cashback at all.
This suits users already deep in the OKX ecosystem, particularly VIPs, who will hold USDG and want a genuinely fee-free card: no issuance, monthly, annual, or FX fees, just a 0.1% conversion spread per the current official page (launch-era press cited 0.4%). Watch out for the USDG-only cashback rule, the tiny non-VIP cap, and the fact that the EEA card is officially virtual-only for now, which also means no ATM access there. The 15-20% launch promo ended February 28, 2026, though shorter boost campaigns such as June 2026's "Free Kick" have run since.
Updated 2026-07-06
Note: 15-20% promo ended Feb 28, 2026. Ongoing rates apply ONLY to USDG-funded transactions (USDC/USDT spending earns 0%). Tier qualification is OKX exchange VIP level (asset balance OR 30-day trading volume, whichever qualifies higher). VIP thresholds updated Apr 8, 2026: VIP 1 $100K assets or $5M volume, VIP 2 $200K assets or $15M volume, VIP 3 $500K assets or $40M volume. Monthly cashback caps (effective Mar 1, 2026): EEA EUR 10/300/450/1,000, Singapore $50/$400/$600/$800 by tier. VIP 4+ at 10% removed Jul 2026 — no independent source corroborates a 10% cashback tier; all official FAQs and aggregators cap at VIP 3+ / 5%. Cashback paid in USDG. Virtual card only. EEA excludes Iceland and Liechtenstein. Singapore: Visa debit card launched Apr 2026 via OKX SG (MAS-licensed), powered by StraitsX. Brazil: Mastercard virtual card launched via OKX Pay. 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 OKX Card is a crypto debit card offered by OKX. It is available in EU/Norway/Singapore/Brazil and allows users to spend cryptocurrency at merchants worldwide.
The OKX Card offers 2-5% USDG cashback. There are 4 tiers: Regular (2%), VIP 1 (4%), VIP 2 (4.5%), VIP 3+ (5%).
The OKX Card has an annual fee of $0. Additional fees: Conversion fee: 0.1% spread; FX fee: 0%.
Supported assets include USDC and USDG (EEA), USDC, USDT, USDG (Singapore); top-up methods include OKX Pay balance, Convert from OKX account, External wallet deposit, PIX BRL on-ramp (Brazil).
Yes. The OKX Card requires full identity verification (KYC): expect to submit a government-issued ID, and often proof of address, before the card is issued.
The OKX Card is available in EU/Norway/Singapore/Brazil.
The OKX Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Yes, the OKX Card supports Apple Pay and Google Pay for contactless payments.
The OKX Card is issued by UAB Monavate. Licences: EMI (Bank of Lithuania, EEA).
Funds backing the card are held as crypto-assets in the user's OKX Pay Wallet, not as fiat in a bank account; no deposit guarantee or investor compensation scheme applies.
Want to see your annual earnings? Use the ROI Calculator to estimate net cashback at your spending level, or compare cards side by side.