Keytom Card

Keytom Visa Prepaid Card Review: Fees, Rewards & Availability

Basic Information

The Keytom Card is a virtual Visa debit card offered by Keytom, a crypto-friendly neobank that bridges the gap between cryptocurrency and traditional banking through its integrated financial platform. The card enables users to spend their cryptocurrency holdings seamlessly at any Visa-accepting merchant worldwide.

The card operates on a prepaid model where users load USDC (USD Coin) onto their card balance, which is then converted to the local currency during transactions. Despite being a prepaid debit card, it features a credit BIN classification, enabling hotel and rental car bookings that typically require credit cards. Users can obtain the Keytom Card without opening a Euro IBAN account, though the integrated banking features are available for those who want them.

Rewards and Benefits

The Keytom Card's primary benefits are functional rather than traditional cashback-based rewards:

• Seamless Crypto-to-Fiat Conversion: Automatic conversion at point of sale
• Credit BIN Classification: Enables hotel and rental car bookings despite being prepaid
• Banking Integration: Optional UK-based personal IBAN accounts for a complete banking experience
• Business Features: Business accounts can request secondary cards for team members
• Adjustable Spending Limits: Base-level limits can be increased by providing additional KYC documentation
• No Staking Requirements: All features available without token staking (no native token exists)

Referral Program

Keytom offers an active referral rewards program (updated November 10, 2025):

The platform does not currently offer purchase-based cashback rewards, though savings and investment products are planned for future implementation. The primary value proposition remains the unified solution that eliminates the need to juggle multiple financial services by combining crypto management, euro IBAN accounts, and global card spending in a single application.

Fees and Limits

Card-Related Fees

The Keytom Card has a competitive fee structure for personal accounts:

Transaction Fees

Business Account Fees

Note: Keytom's business pricing shows inconsistencies across different sources. The following reflects information from their primary business page:

Alternative pricing information exists on other Keytom pages showing free account opening with €25/month maintenance. Prospective business customers should verify current pricing directly with Keytom.

Spending and Withdrawal Limits

The Keytom Card has base-level spending limits that apply to new accounts. These limits can be adjusted upward by providing additional KYC documentation. Specific default amounts are not publicly disclosed, though the platform emphasizes flexibility for verified users.

ATM withdrawals likely have standard network limits (typically $500-$1000 per day), though Keytom does not specify exact figures. There are no explicit limits on the number of transactions users can make.

Card Tiers and Options

Keytom offers a single card program with uniform features for all users:

There are no premium tiers, staking requirements, or token-based levels. All users receive the same virtual Visa card with identical benefits and fee structure. Business accounts can obtain virtual corporate cards with plans to enable multiple employee cards per account in the future.

Top-Up Methods

Users top up the Keytom card by transferring supported cryptocurrencies (including BTC, ETH, USDC, USDT, XRP, LTC, SOL, DAI) into their Keytom platform account via the mobile app. Funds are held in a custodial wallet controlled by Keytom, meaning users must transfer assets from self-custody to the provider before card use. To spend with the card, users must maintain a USDC balance; other cryptocurrencies can be converted to USDC within the app at market rates, with a crypto-to-crypto conversion fee of 0.25% or 1.5% for EUR↔Crypto trades. There are no explicit minimum or maximum top-up amounts disclosed, but spending is only possible from pre-loaded USDC, and default limits may apply for new accounts. No deposit fees are charged for loading crypto, and funds become available after standard network confirmation times (typically minutes to hours); all top-ups and conversions are managed through the Keytom mobile app.

Self-Custody Custodial

Keytom uses a custodial model, meaning users' crypto assets are held and managed by the platform rather than by the users themselves. When you load USDC or other supported cryptocurrencies onto your Keytom account, the platform takes custody of those funds, and you no longer control the private keys. All card spending and conversions are handled from the platform-held balances, so your ability to access or move your assets depends entirely on Keytom's ongoing operations. If Keytom or its banking partners ceased operations, users would not have independent access to their crypto or fiat funds, though assets are kept in insured and segregated accounts for added security. This setup offers convenience, integrated banking features, and solid security, but it comes at the cost of self-sovereignty and introduces counterparty risk. Users should weigh the ease of use and global access against the limitations of not holding their own keys.

Supported Currencies and Conversion

Cryptocurrency Support

Keytom officially supports "10+ major cryptocurrencies" including:

• Bitcoin (BTC)
• Ethereum (ETH)
• USD Coin (USDC) - Primary currency for card funding
• Ripple (XRP)
• Litecoin (LTC)
• Solana (SOL)
• DAI (ERC-20)
• Tether (USDT)

Fiat Currency Support

• Euro (EUR) - Primary fiat currency with UK-based IBAN accounts
• US Dollar (USD) - Card operates in USD via USDC
• Additional fiat currencies planned but not yet fully implemented (including GBP, AED, ARS)

Conversion Process

Keytom provides in-app conversion between supported cryptocurrencies and fiat currencies. For card transactions, the platform automatically converts from USDC to the local currency at the time of purchase. Users must maintain a USDC balance for card spending or enable auto-conversion from other supported cryptocurrencies.

The platform uses "Tier-1 exchange rates" for conversions, though specific sources are not identified. The app displays balances in native currencies (both crypto and fiat) for clarity.

Geographic Availability

Supported Regions

The Keytom Card is available in 126+ countries globally. Supported countries are organized by region:

Europe: Austria, Belgium, France, Germany, Italy, Netherlands, Portugal, Spain, Switzerland

Americas: Argentina, Brazil, Canada, Chile, Colombia, Mexico

Asia: China, India, Japan, Singapore

Oceania: Australia, New Zealand

Africa & Middle East: Nigeria, UAE, and many others

Important Jurisdictional Notice: Keytom states that promotion and distribution of card products is limited to Hong Kong, and cards are issued exclusively in Hong Kong under Hong Kong regulations. Users from non-Hong Kong jurisdictions access the service "of their own initiative."

Restricted Regions

Keytom does not serve the following countries and territories:

• Major Exclusions: United States, United Kingdom, Ukraine, Russia, Philippines, Pakistan
• High-Risk Jurisdictions: Afghanistan, Belarus, Cuba, Iran, Iraq, North Korea, Syria, Venezuela
• Tax Havens/Financial Centers: Bahamas, Cayman Islands, Panama, Seychelles, Mauritius
• Other Restricted Areas: 40+ additional countries and territories

Compliance and Security

Regulatory Framework

Keytom operates under multiple regulatory frameworks:

• Registered as a Money Services Business (MSB) with FINTRAC in Canada (registration number M22767824)
• Holds a Virtual Asset Service Provider (VASP) license in the Czech Republic (registration no. 21234124)
• In process of obtaining a PRAA/PSP registration with the Bank of Canada
• Card issuance governed by Hong Kong regulations

Note: Keytom's documentation shows inconsistent FINTRAC MSB registration numbers across different pages (M22767824 vs. M21788474). The number M22767824 appears on more recent pages.

Security Features

Keytom employs strong encryption for data protection and adheres to FATF guidelines for compliance. The platform has not reported any security breaches to date.

Banking & Financial Services

IBAN Accounts

The Keytom Card can be opened and used independently of IBAN account services. However, Keytom offers optional personal Euro IBAN accounts for users who want integrated banking features:

• Primary IBAN Country: United Kingdom
• Account Type: Personal named EUR accounts with IBAN
• Currency: Euro (EUR)
• Business Accounts: Company IBANs available for business users
• Future Plans: USD accounts with ACH/Fedwire capabilities

The banking infrastructure primarily operates within the EEA, including UK and Lithuania. Users can access full banking services including SEPA transfers while maintaining their crypto wallet and card functionality in a single platform.

Payment Rails

Keytom supports multiple payment rails for fiat transfers:

• SEPA Transfers: Standard transfers taking 1-2 business days
• SEPA Instant: Faster transfers (described as taking "a couple of hours")
• Future Support: ACH and Fedwire for USD accounts (planned)

Crypto deposits are network-dependent, typically processing in minutes to hours. Keytom does not currently pay interest on fiat balances but plans to introduce savings and investment products in the future.

Technical Details

Conversion Mechanics

• Crypto-to-Fiat Conversion: Occurs at the time of purchase when using the card
• Settlement Timing: Real-time for card transactions
• Currency Display: App shows balances in native currencies (crypto and fiat)

User Experience

Keytom offers a comprehensive mobile application available for both iOS (Apple App Store) and Android (Google Play) with the following features:

• Integrated dashboard for crypto and fiat balances
• Card management (viewing card number, freezing/unfreezing, PIN management)
• Currency exchange functionality
• Transfer capabilities (SEPA and crypto)
• Real-time transaction updates

Onboarding Process

The Keytom Card onboarding process varies based on different sources:

• Marketing Claims: Accounts opened within one business week
• Alternative Timeline: Account opening in approximately 2 minutes, with verification usually completed within 1-2 hours (up to 24 hours on business days)
• Operational Status: Users can typically begin using their card and IBAN services shortly after verification is complete

Customer Support

The platform provides 24/7 customer support through multiple channels:

• In-app chat
• Email support ([email protected] for technical issues)
• Telegram community
• Social media presence (X/Twitter, Instagram)
• Website Help Center/FAQ

User feedback indicates satisfaction with the convenience of the unified platform, fast onboarding, and responsive customer support. However, some users express concerns about the high fees, particularly for small transactions, with the monthly fee of $10 and transaction fees (1% + 0.63 USDC) making small purchases relatively expensive.

Best Suited For

The Keytom Card is best suited for:

• Freelancers and contractors who receive payments in cryptocurrency but need to spend in fiat
• Digital nomads and frequent travelers who benefit from borderless financial access
• Expats and immigrants who need to manage funds across different currencies and jurisdictions
• Crypto startups and businesses that operate between traditional finance and cryptocurrency
• Crypto investors who want to easily access and spend their holdings without multiple conversions
• Users seeking referral income who can benefit from the 100 USDC per eligible referral program

Pros and Cons

Pros

• Unified Platform: Seamlessly integrates crypto wallet, banking services, and payment card
• Global Accessibility: Available in 126+ countries with worldwide Visa acceptance
• Quick Onboarding: Verification typically completed within 1-2 hours
• Strong Security: Insured custody and segregated fiat accounts provide protection
• Business Features: Company IBANs and corporate cards for crypto-friendly businesses
• Active Referral Program: Earn 100 USDC per eligible referral (up to 3 referrals)
• Flexible Banking: IBAN account opening is optional, not mandatory
• Physical Cards Coming: Expansion beyond virtual-only format planned

Cons

• High Fees: $10 monthly fee plus transaction fees make it expensive, especially for small purchases
• Currently Virtual Only: Physical card option not yet available (coming soon)
• Geographic Restrictions: Unavailable in major markets including US and UK
• Limited Fiat Currencies: Primarily supports EUR and USD (via USDC)
• Inconsistent Documentation: Conflicting information across Keytom properties regarding fees and timelines
• Regulatory Uncertainty: Hong Kong-only issuance while serving global users may face scrutiny

Conclusion

The Keytom Card offers an innovative financial solution that bridges the gap between cryptocurrency and traditional banking through its unified platform. The service stands out by providing users with a virtual Visa card, optional UK-based IBAN accounts, and a multi-currency crypto wallet all managed through a single application. This integration eliminates the need to constantly move funds between separate crypto exchanges and bank accounts, creating a seamless experience for those who operate in both financial worlds.

The platform's strengths include its comprehensive feature set, quick verification process (typically 1-2 hours), strong security measures, and availability in 126+ countries. The addition of an active referral program offering 100 USDC per eligible referral provides an additional incentive for users. The flexibility to use the card without opening an IBAN account makes it accessible to users who primarily need crypto-to-fiat spending capabilities.

However, the Keytom Card's fee structure presents a significant limitation. The $10 monthly fee plus transaction fees on every purchase (1% + 0.63 USDC) make it relatively expensive, especially for small transactions. Additionally, the service currently offers only virtual cards (though physical cards are coming soon) and primarily Euro accounts. Inconsistencies in documentation across Keytom's properties regarding fees, timelines, and regulatory identifiers may raise concerns for some users.

The Keytom Card is best suited for individuals who actively engage with both cryptocurrency and traditional finance, such as freelancers paid in crypto who need to cover everyday expenses, digital nomads requiring borderless financial access, or businesses operating in the crypto space that need banking services. For these users, the convenience and integration Keytom provides may well justify its costs. However, occasional users or those primarily operating in traditional finance might find better value elsewhere.

Additional Information

Potential Risks

While Keytom employs strong security measures, users should be aware of certain risks:

• Regulatory Uncertainty: Keytom's approach of issuing cards exclusively from Hong Kong while serving global users could face regulatory scrutiny. The platform explicitly states that promotion and distribution of card products is limited to Hong Kong, with users from other jurisdictions accessing services "of their own initiative."
• Corporate Structure Concerns: A DIFC strike-off notice appeared in May 2025 for "Keytom Global Holding Limited" (with an August 2025 deadline).
• Banking Partner Dependency: If partner banks change terms or close accounts, users' IBAN services could be disrupted.
• High Fees for Small Transactions: The fixed fee component makes small purchases relatively expensive (e.g., a $5 coffee could incur a $0.68 fee, ~13.6% overhead).
• Custodial Risk: As a custodial platform, users don't control their private keys, representing a form of counterparty risk despite insurance.
• Documentation Inconsistencies: Conflicting information across Keytom properties (business fees, regulatory numbers, timelines) may indicate organizational or communication challenges.

Upcoming Features

Keytom has announced several features planned for future implementation:

• Physical Cards: Explicitly confirmed as "coming soon" on multiple Keytom pages
• Collateralized Crypto Loans: In development
• Staking Rewards: To be introduced
• USD Accounts: With ACH/Fedwire capabilities
• Multiple Employee Cards: For business accounts
• Savings and Investment Products: Planned for future release

Note: Earlier press coverage mentioned cashback services planned for late 2024/early 2025, but current Keytom pages emphasize the referral reward program rather than purchase-based cashback. The referral program is now live and operational.