What is a crypto card? OKX Card explained
OKX launched the OKX Card on 28 January 2026 across the European Economic Area (EEA), enabling users across the EU plus Norway (Iceland and Liechtenstein excluded) to spend stablecoins via the Mastercard network. The OKX Card supports USDC and USDG as payment currencies, which are automatically converted to euro at the moment of purchase. OKX charges no transaction fees or foreign exchange fees (as of May 2026); only a 0.1% market spread applies to conversion. Food-related spending accounted for 44% of all EEA card transactions during the period 28 January to 26 February 2026, according to OKX transaction data. The OKX Card is a crypto payment card that lets EEA users spend their stablecoin balances anywhere Mastercard is accepted.
What is a crypto card?
A crypto card is a payment card linked to a crypto or stablecoin balance rather than a traditional bank account. At the moment of payment, the card automatically converts the crypto or stablecoin balance to the local fiat currency (euro in the EEA), so the merchant receives a standard fiat payment via the card network. The OKX Card is a crypto card designed specifically for the EEA that uses stablecoins (USDC and USDG) as the payment source, operating on the Mastercard network.
How does the OKX Card work?
The OKX Card is linked to OKX Pay in the app, the digital payment ecosystem of OKX. Payments work as follows:
Your OKX Pay account holds USDC or USDG.
At checkout, OKX converts the stablecoin balance to euro at the moment of payment.
The merchant receives a standard euro payment via the Mastercard network.
OKX applies a 0.1% market spread on conversion; no additional transaction fees or FX fees from OKX.
Stablecoins remain in the user's wallet until the moment of purchase.
What are the OKX Card fees and terms?
The OKX Card automatically converts USDC or USDG to euro at the moment of purchase, via the Mastercard network, with no transaction or FX fees from OKX, only a 0.1% market spread applies.
Fee item | Amount (as of May 2026) |
Card fee | None (from OKX) |
Transaction fee | None (from OKX) |
Foreign exchange fee | None (from OKX) |
Market spread on conversion | 0.1% per transaction |
Cashback on USDG payments | Available based on VIP level. Scroll down for the fees |
APY on USDG balance (EEA) | Not available for EEA users (as of May 2026) |
Supported payment currencies | USDC, USDG |
Network | Mastercard |
Availability | EU plus Norway (Iceland and Liechtenstein excluded) |
Cashback applies only to purchases where USDG is the active payment currency. USDC payments do not earn cashback.
Where can you use the OKX Card?
The OKX Card works at any point of sale worldwide that accepts Mastercard, both in-store and online. OKX transaction data covering 28 January to 26 February 2026 shows that 44% of all EEA card payments were food-related: supermarkets (26% of all transactions), restaurants (12%) and online marketplaces (13%). Germany led in marketplace spending; the Netherlands led in supermarket spending during that same period. This pattern holds EEA-wide: the majority of OKX Card transactions cover everyday purchases rather than large discretionary spending, according to OKX transaction data published in May 2026.
How much cashback do you earn on the OKX Card per VIP level?
The OKX Card pays 2% to 5% cashback in USDG on USDG-funded purchases, depending on the user's OKX VIP level; the monthly cap ranges from up to €1,000 VIP 3 users and above (rates from 29 May 2026).
VIP level | Cashback | Monthly cap (EUR) | Max spend earning cashback per month |
Regular (non-VIP) | 2% | €10 | €500 |
VIP 1 | 4% | €300 | €7,500 |
VIP 2 | 4.50% | €450 | €10,000 |
VIP 3 and above | 5% | €1,000 | €20,000 |
How does the OKX Card differ from a traditional payment card?
The OKX Card differs from a traditional payment card in that the payment source is not a bank balance but USDC or USDG held in OKX Pay; conversion to euro happens automatically at the moment of purchase via the Mastercard network, with no manual pre-conversion or top-up required.
Feature | OKX Card | Traditional payment card |
Payment source | USDC or USDG in OKX Pay | Bank balance or credit limit |
Conversion | Stablecoin to euro at moment of purchase | None (euro to euro) |
Card fee | None (from OKX) | Depends on bank or provider |
Network | Mastercard | Mastercard, Visa or other |
Requirement | Verified OKX account (KYC) | Bank account |
Available in the EEA | Yes (EU plus Norway, from 28 January 2026) | Depends on issuer |
How do you apply for the OKX Card?
Step 1: Create an account and complete KYC
Create an account at okx.com/ and complete identity verification (KYC). OKX requires KYC (identity verification) under MiCAR and the European Anti-Money Laundering Directive. You need a valid ID document and proof of address.
Step 2: Activate OKX Pay and deposit stablecoins
Activate OKX Pay in the OKX app. Deposit USDC or USDG into your OKX Pay account via the Convert feature or via an external wallet address.
Step 3: Apply for the OKX Card
Go to the OKX Card page in the OKX app or on the website and follow the application steps. The card is issued via a European licensed payment provider.
Step 4: Activate and use the card
After receiving the card, activate it in the OKX app. The OKX Card is immediately usable at any Mastercard terminal in the Netherlands and across the EEA.
Conclusion
The OKX Card has been available in the Netherlands and the entire EEA since 28 January 2026, as a crypto payment card on the Mastercard network. The OKX Card uses USDC and USDG, converts automatically to euro at the moment of purchase, and charges no transaction or FX fees from OKX, only a 0.1% market spread. OKX Europe Ltd. is the licensed entity for EEA users under MiCAR.
Frequently Asked Questions
The OKX Card has been available across the EU plus Norway since 28 January 2026. Iceland and Liechtenstein are excluded. Availability may vary by country; check the OKX Card page for the current country list.
The OKX Card supports USDC and USDG as payment currencies (as of May 2026). Other crypto assets are not used directly as a payment source, but can be converted to USDC or USDG via the Convert feature.
No. Cashback applies only to purchases where USDG is the active payment currency. USDC payments do not earn cashback. Cashback rates are subject to promotional periods and your OKX VIP level. Check the OKX app for current terms.
If the OKX Pay balance is insufficient for a purchase, the payment is declined. The OKX Card does not offer a credit facility or automatic top-up from other OKX wallets without a manual step. Check the OKX Card help page for the exact handling of insufficient balances.
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