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Quick Verdict
Oobit is best self custodial Card mostly preferred for simple and ‘on the go’ payment. The card issuance and funding processes are straightforward with a few steps. Unlike most crypto cards, Oobit does not require you to convert your crypto into an operational card currency. Whether you connect your wallet or pre-fund the card, your crypto remains in its original form until the moment of purchase.
Ratings
CoinGape Review on Oobit Card
A standout feature of the Oobit Crypto Card is its simplicity and good coverage of the crypto market. With over 25 crypto assets supported and an easy KYC process, investors are handed an easy way to integrate crypto payments into their routine finances. Oobit card offers up to 10% cashback when users pay with assets eligible for the reward program. The cashback offer is competitive compared to other crypto cards.
However, even with over 25 supported assets, Oobit leaves out a significant portion of the crypto market. Oobit also does not offer physical cards; only debit cards are available at the time of writing. Oobit Cards are not available to investors in China and other selected regions (including Russia, CAR, Afghanistan, and more) due to regulatory restrictions.
- The only crypto card that lets you connect and pay directly from any crypto wallet
- Up to 10% cashback when you pay with eligible crypto assets, such as USDT.
- Automatic crypto conversion at the moment of payment
- Send crypto to anyone, anywhere in the world using only a phone number, with zero fees
- The only app that allows you to send crypto to any bank account worldwide, with funds received in local currency
- Backed by Tether
- 24/7 customer support
- Oobit card supports only 25 crypto assets at the time of writing.
- Physical cards are not available.
- Users are required to add their cards to Google Pay or Apple Pay to pay at merchant stores.
Here are the advantages of the Oobit card and a few caveats to consider
There are no hidden charges while using the Oobit card. Applicable charges include 1% transaction fee and international conversion fees. Note that network fees are charged when transferring crypto to your Oobit card account.
Security, Regulation, and Trust Signals
Security
The Oobit platform is secured with SSL encryption. Users can protect their accounts with password security and 2 Factor Authentication. According to Oobit, user deposits are protected using cold storage facilities. Deposits are also insured with AON Insurance.
Regulatory Compliance
Oobit is registered in Singapore (no: 201716443 G) and operates under Oobit Technologies, an authorized and regulated entity with FIU registrations (no: FVR001421 and FRK001304). Oobit has also partnered with Bakkt to expand into the US as a regulatory-compliant crypto payment service.
Custody Model
Oobit’s DePay is a non-custodial payment solution. Oobit does not have custody of funds transacted via DePay. However, crypto card deposits are held in custody by Oobit.
Insurance
According to Oobit, it has obtained an insurance plan with AON insurance to protect user deposits. User deposits on the Oobit card are fully insured.
Scams and Hacks
Oobit has not recorded any incidents of hack or platform security breaches since it launched. Card and DePay users have not reported loss of funds.
Trust Signals
Oobit and the Oobit card have received endorsements from players in the crypto and mainstream industries. Notable endorsees include Tether CEO Paolo Ardoino, Roger Ver, and Sarah Nabaa. Top crypto projects like TON and BNB Chain have also spoken positively about the project. While this is not an assurance of legitimacy, it is a significant trust signal.
Who is the Oobit card best suited for?
If you are looking for a flexible virtual card for crypto payments, Oobit Card is a good option. The easy setup process and broad support for crypto asset serves newbies and experienced investors looking to spend crypto in real life. Oobit handles the core operations while you enjoy seamless crypto payments at over 150 million merchant stores. Oobit Card also has a range of user benefits, including a cashback reward of up to 10%. This is significant depending on the amount transacted.
However, Oobit does not currently offer credit facilities. Therefore, it is not suitable for anyone looking for physical crypto cards. The list of supported currencies is expanding, but only 25 assets are supported at the time of writing.
Alternatives of Oobit Card
Heleket Crypto Card
- Annual Card Fees No Annual Fees
- Transaction Fee 0.4% of the transacted amount
- Supported Assets Supported Assets
Conclusion
Crypto payments are getting easier and cheaper. Products like Oobit and the Oobit Card ready crypto for worldwide adoption as a routine financial instrument. In this article, we reviewed the Oobit card and outlined its core features. You can check out the card and similar payment products if you are looking for easier ways to spend crypto in the real world.
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Our Review Methodology
We review crypto cards using a consistent framework focused on real-world use, fees, risk, and usability. Here’s a quick look at how each card is evaluated before it’s ranked.
1. Real-World Testing
We review crypto cards based on how they behave once you actually start using them. This includes onboarding, spending, settlement speed, and how balances and rewards update in practice.
2. Fees & Terms Checked
Fees, limits, FX costs, and reward rules are verified using official issuer terms and fee schedules. Temporary promotions or targeted offers are not included in scores.
3. Risk & Reliability
We look at custody setup, issuer background, regulatory signals, and past operational issues to understand where user risk really sits.
4. Independent Scoring
All cards are scored using the same framework. Rankings are not pay-to-play, and commercial relationships do not influence ratings.
