KemyCard Visa/Mastercard Prepaid Card: No-KYC Virtual Card with High Spending Limits

Basic Information

KemyCard is a crypto-funded virtual prepaid card service that enables users to make online payments without undergoing KYC identity verification. The card is issued with either Visa or Mastercard network (the platform determines which network you receive) and can be used for online purchases at virtually any merchant accepting these payment networks, including major platforms like Facebook Ads, Google Ads, Amazon, Netflix, and PayPal.

Rewards and Benefits

KemyCard does not offer a cashback program or rewards on purchases. The primary benefits are centered around privacy, convenience, and functionality rather than traditional rewards:

• No KYC requirement - rare in the card industry
• High spending limits ($100,000/month) suitable for business use
• Unlimited virtual cards can be created under one account
• Card freezing/unfreezing capability for enhanced security
• Global acceptance for online purchases
• Instant issuance - cards are available immediately after creation

Referral Program

While the card doesn't offer traditional rewards on spending, KemyCard does provide a referral program:

• $5 USD for every new user who signs up and creates a card through your referral link
• 1% of all amounts that your referrals top up onto their cards for the next 3 years
• Referral cookies last 60 days
• Commissions paid in USDT (once you accumulate $10+) or directly to your KemyCard (minimum $5)
• Bonus free virtual card once you reach first payout threshold

Fees and Limits

Card and Transaction Fees

Spending Limits

Card Tiers and Options

KemyCard offers a single product with no tiered structure. All users receive the same virtual card with identical features, fees, and limits.

The service does not require any staking or security deposit to access the card.

Top-Up Methods

Users top up KemyCard by transferring supported cryptocurrencies—including Bitcoin, Ethereum, stablecoins (USDT, USDC, DAI), and others—from an external wallet to their KemyCard account via a web-based dashboard. During top-up, crypto is immediately converted to USD at the current market rate after blockchain confirmations, and funds are credited to the card balance for spending. The process requires moving funds from self-custody to KemyCard's custodial wallet, meaning users relinquish control of assets upon deposit. Each top-up incurs a 5% fee (plus a $1 flat fee for amounts under $100 or 1.25% for $100+), with a minimum deposit of $5; there are no explicit time delays beyond blockchain confirmation, but funds are only available after conversion. All top-ups must be pre-loaded—on-demand spending from external wallets is not supported—and balances are held in USD, with additional Visa/Mastercard currency conversion fees for non-USD transactions.

Self-Custody Custodial

KemyCard uses a custodial model, meaning that once users deposit cryptocurrency to load their virtual card, the funds are converted to USD and held entirely under KemyCard's control. Users do not have access to private keys or a personal wallet for these assets, and all spending is managed through the platform's dashboard. If KemyCard were to cease operations, users would not be able to independently retrieve their funds, as access is limited to the platform interface. This arrangement offers convenience and privacy (with no KYC required) but comes with the trade-off of relinquishing direct control and bearing platform risk. There is also no insurance on balances, so users should avoid storing significant amounts long-term. The model is best suited for those prioritizing anonymity and high spending limits, but it limits self-sovereign control over crypto assets.

Supported Currencies and Conversion

Supported Cryptocurrencies

KemyCard supports a broad range of cryptocurrencies for loading funds, including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Dogecoin (DOGE)
• Bitcoin Cash (BCH)
• Dash (DASH)
• Monero (XMR)
• Binance Coin (BNB)
• Solana (SOL)
• TRON (TRX)
• Avalanche (AVAX)
• Toncoin (TON)
• Shiba Inu (SHIB)
• Polygon (POL)
• Dai (DAI)
• USD Coin (USDC)
• Tether (USDT)

Fiat Currency and Conversion

• The card is USD-denominated by default
• All balances and fees are displayed in US Dollars
• Cryptocurrency is converted to USD at the time of deposit
• Conversion rate is determined at the moment of deposit after blockchain confirmations
• For non-USD purchases, standard Visa/Mastercard currency conversion fees apply (typically 1-3%)
• Funds are available for spending once loaded onto the card

Geographic Availability

KemyCard is available globally to users worldwide with internet access and the ability to acquire cryptocurrency. While specific restrictions aren't explicitly listed, as a U.S.-based service, KemyCard must comply with U.S. sanctions. This implies that sanctioned countries (such as North Korea, Iran, Syria, etc.) would be prohibited from using the service.

There are no known regional variations in service; all users receive the same features regardless of location. The Terms of Service require users to only use KemyCard for lawful activities in accordance with U.S. and applicable laws.

Compliance and Security

Identity Verification

• No KYC required - users can create an account with just an email address
• No ID documents or verification needed
• Account creation takes minutes

Regulatory Framework

• KemyGroup LLC is registered in Delaware, USA
• The service operates as a "Software-as-a-Service" platform for virtual cards
• Likely partners with an established card issuing bank (not publicly disclosed)

Custody and Security

• Custodial service - users do not hold private keys or a personal wallet for card funds
• Funds are under KemyCard's control until spent
• No insurance on crypto deposits or fiat balances - unlike a bank, money is not FDIC-insured
• Security features include:
  • Card freezing/unfreezing capability
  • SSL-encrypted connection to dashboard
  • Password protection for account access
  • No two-factor authentication (2FA) is advertised

Technical Details

Card Technology

• Virtual card details provided instantly in dashboard
• U.S. BIN (Bank Identification Number)
• Google Pay supported for online payments only (not for in-store contactless payments)
• Apple Pay integration is not mentioned and presumably not supported

Conversion Process

• Cryptocurrency is converted to USD at the time of deposit
• Funds are typically available after receiving required blockchain confirmations
• All balances displayed in USD on the dashboard
• No priority options mentioned; standard processing applies

User Experience

Platform and Interface

• No dedicated mobile app available
• Service is accessed through a web-based dashboard that is mobile-responsive
• Language support includes English and French (possibly other languages)

Support Channels

• Telegram (@KemycardSupport)
• Email (hi@kemycard.com)
• No phone support or live webchat available

User Feedback

• Positive: Quick setup, works on major platforms, high limits, good customer support
• Negative: High fees, concerns about card declines and blocks, occasional issues with 3D Secure
• Common Complaints: Fees are considered steep, anxiety around the 5-decline block policy, lack of a mobile app

Best Suited For

• Digital marketers who need multiple cards for advertising accounts without verification
• Privacy-conscious individuals who value anonymity in online transactions
• Unbanked users who lack access to traditional banking services but can acquire cryptocurrency
• High-volume online spenders who need significant transaction limits without extensive verification
• Freelancers and digital nomads who need global payment capabilities without location restrictions

Pros and Cons

Pros

• Complete anonymity with no KYC requirements
• High spending limits ($100,000/month) suitable for business use
• Instant issuance of virtual cards
• Ability to create unlimited cards under one account
• Global acceptance at online merchants accepting Visa/Mastercard

Cons

• High fee structure (up to 10-15% of funds in combined fees)
• Limited to online purchases only (no physical card)
• No cashback or rewards program
• Strict policy on declined transactions (blocked after 5 consecutive declines)
• No dedicated mobile app or 2FA security

Conclusion

KemyCard offers a unique solution in the fintech space by providing a crypto-funded, no-KYC virtual Visa/MasterCard that is globally usable online. It succeeds in its core promise of offering privacy and high spending power, but comes with significant costs and considerations.

The card's strengths lie in its instant availability, generous limits (up to $100K/month), and the flexibility to top-up with many types of crypto. The absence of KYC lowers barriers to entry – users can be up and running with a usable card in minutes, which is virtually unheard of in traditional banking.

However, the major drawbacks center on cost and scope. Using KemyCard is expensive, with various fees that can cumulatively take a significant portion of your funds. It's limited to online usage only – users cannot withdraw cash or pay offline. Additionally, the lack of 3D Secure authentication and the strict decline policy require users to be careful in how they use the card.

KemyCard is best suited for users who highly value anonymity or lack access to traditional cards. For general consumers with access to regular banking or those making small, frequent purchases, the costs may be prohibitive compared to traditional options.

Additional Information

Fee Impact Example

To illustrate the impact of fees, consider this scenario:

1. You deposit $100 worth of crypto
2. After 5% top-up fee, $95 goes to your account
3. You load $95 to the card (since it's <$100, a $1 reload fee applies), leaving $94 on the card
4. For a $90 purchase, the fee would be $1 + $3.15 = $4.15 (3.5% + $1), so the total deduction would be $94.15
5. Additionally, the month you spend, $2 maintenance will deduct at month's end

This means from your initial $100, you'd effectively have about $88 in actual purchasing power after all fees. The effective cost of using KemyCard can be 10-15% in fees on moderate one-time usage.

Security Considerations

While KemyCard offers anonymity, users should be aware of certain security trade-offs:

• No 3D Secure Authentication: KemyCard does not support 3D Secure (Verified by Visa/MasterCard SecureCode), which means less fraud protection. If someone obtains your card details, they could potentially use it without additional verification.

• Limited Dispute Resolution: As a prepaid card, KemyCard likely has limited chargeback capabilities compared to credit cards. If fraudulent charges occur or a merchant dispute arises, recovering funds may be difficult.

• Account Security: With no advertised two-factor authentication, account security relies heavily on password strength and the user's vigilance in protecting login credentials.

• Regulatory Risk: KemyCard operates in a regulatory gray area by offering anonymous cards. Similar services in the past have been shut down or forced to implement KYC by regulators. Users should be cautious about leaving large balances in the system.