Oppi Wallet Card

OppiWallet Visa/Mastercard Debit Card: Self-Custodial Crypto Spending Solution

Basic Information

Rewards and Benefits

Cashback and Rewards Structure

OppiWallet does not offer a traditional cashback or spending rewards program. The platform focuses on fee transparency and utility rather than percentage-back incentives on purchases.

Referral Program

• $5 referral bonus for both referrer and new user upon successful signup and KYC completion
• Promotional offers including free $15 physical card during campaigns
• Occasional social media contests and community giveaways

Unique Platform Features

• Integrated travel booking for flights and hotels directly in-app using crypto
• Self-custodial wallet model with user-controlled private keys
• Multi-chain cryptocurrency support across major networks
• Instant card controls and real-time transaction monitoring
• Planned "Earn & Grow" staking features for passive crypto yield (upcoming)

Fees and Limits

Card Issuance and Maintenance Fees

Transaction Fees

Spending and Withdrawal Limits

Card Tiers and Options

Both card types offer identical crypto conversion functionality and spending capabilities, with the physical card adding ATM access and in-person transaction capability.

Top-Up Methods

OppiWallet cards do not require traditional top-ups or pre-loading; instead, users spend directly from their self-custodial crypto wallet at the time of purchase. Supported cryptocurrencies (BTC, ETH, USDT, BNB, MATIC, SOL, and others) are automatically converted to the required fiat currency using real-time market rates through Visa/Mastercard when a transaction is made, with no conversion fees beyond the standard spread. There are no top-up fees, minimum or maximum top-up amounts, or time delays for funds to become available, but a 2.0-2.5% bank-imposed foreign exchange fee applies for non-USD purchases. Users retain control of their private keys and assets until the point of sale, meaning no transfer of custody to the card provider is required prior to spending. All card management and spending is handled via the OppiWallet mobile app, with instant integration to Apple Pay and Google Pay for convenience.

Self-Custody True Self-Custody

OppiWallet adopts a self-custodial model, meaning users hold their own private keys and maintain full control over their crypto assets at all times until a purchase is made. When a transaction occurs, crypto is instantly converted to fiat at the point of sale, allowing for seamless merchant payments through Visa or Mastercard without the need to pre-load funds onto the card. This approach ensures users' crypto remains in their control up until the exact moment of spending, and if the OppiWallet service were to shut down, users would still be able to access their assets via their wallet's seed phrase. The model provides strong security and independence but does require users to complete KYC verification to activate their card. There is no insurance coverage on crypto holdings (as they're self-custodied), though any fiat resulting from conversions enjoys FDIC protection via the partner bank. While highly empowering for users, this setup also means they bear direct responsibility for crypto market volatility and the security of their wallet credentials.

Supported Currencies and Conversion

Supported Cryptocurrencies

Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Polygon (MATIC), Solana (SOL), plus additional emerging altcoins with multi-chain support across major networks including Bitcoin, Ethereum, Binance Smart Chain, Polygon, and Solana networks.

Fiat Currency Support

All major global fiat currencies through automatic conversion including USD, EUR, GBP, JPY, CAD, INR, and local currencies worldwide via Visa/Mastercard network conversion.

Conversion Process

• Timing: Instant conversion at point of sale using real-time market rates
• Method: Automatic crypto-to-fiat conversion when card is used
• Rate Display: Transparent "what you see is what you spend" pricing in app
• No Pre-conversion Required: Crypto remains in wallet until purchase moment

Geographic Availability

OppiWallet advertises availability in 200+ countries with broad global reach through Visa and Mastercard networks.

Americas

United States, Canada, and other Americas countries where Visa/Mastercard operates.

Europe

United Kingdom, European Union countries, Turkey, and other European nations.

Asia

India, Japan, and other Asian markets where card networks provide coverage.

Africa

Available in African countries where Visa/Mastercard networks operate.

Oceania

Available where Visa/Mastercard networks provide coverage.

Restricted Regions

Sanctioned Countries: North Korea, Iran, Syria, Cuba, Russian-controlled territories under sanctions, Crimea, Sudan, and other OFAC/UN sanctioned jurisdictions. Additional Restrictions: Mainland China (due to local crypto regulations).

Compliance and Security

Identity Verification

• Mandatory KYC for card activation and fiat-related transactions
• Tier 1 KYC: Government-issued photo ID and selfie (liveness check)
• Enhanced KYC: Additional documentation for high-volume users (>$10,000/day)
• Processing Time: Most verifications completed within minutes
• Address Verification: May be required for certain verification levels

Regulatory Framework

• VASP (Virtual Asset Service Provider) certification
• Compliance with EU 6AMLD, US FinCEN rules, and FATF guidelines
• Daily sanctions screening against OFAC, UN, and PEP lists
• Travel rule compliance for large transfers
• Dedicated MLRO (Money Laundering Reporting Officer) oversight

Security Features

• AES-256 encryption for sensitive data
• Two-factor authentication (2FA) for logins and transactions
• Biometric unlock (fingerprint/Face ID) support
• Instant card freeze/unfreeze via mobile app
• Real-time fraud monitoring and transaction alerts
• ISO 27001 compliant security practices

Insurance and Protection

• Crypto Assets: No specific insurance (self-custodial model)
• Fiat Balances: FDIC insurance up to $250,000 through Regent Bank
• Card Transactions: Standard Visa/Mastercard fraud protection and zero-liability policies

Technical Details

Custody Architecture

Self-custodial wallet model where users retain control of private keys with encrypted storage and seed phrase backup. Crypto funds remain under user control until point of purchase conversion.

Blockchain Integration

Multi-chain support across Bitcoin, Ethereum, Binance Smart Chain, Polygon, and Solana networks, enabling users to hold and spend from diverse crypto portfolios.

Payment Processing

Integration with Visa and Mastercard payment networks through licensed card issuer Payblr, Inc., with real-time conversion capabilities at point of sale.

Mobile App Technology

• Platform Availability: iOS and Android
• App Size: Approximately 218 MB on iOS
• Core Features: Crypto wallet, card management, travel booking, crypto swapping
• Interface: Clean, mobile-first design with streamlined navigation

User Experience

Mobile App Performance

• iOS App Store Rating: 4.8/5 stars
• Language Support: English and Turkish confirmed
• Interface Design: Clean, intuitive mobile-first design
• Technical Performance: No reported major outages or security incidents

Customer Support

• In-app Support Center with comprehensive FAQ
• Email Support: [email protected]
• WhatsApp Support for live chat assistance
• Social Media: Responsive support via Twitter/X and Instagram
• Community: Official Telegram community and announcements

User Feedback Summary

Positive: Praised for clean interface, reliable global card performance, transparent fees, and ease of travel usage. Negative: Minor confusion about initial funding requirements and onboarding flow clarity. Card Reliability: Users report successful usage across multiple countries without declines.

Best Suited For

• Crypto enthusiasts who prioritize spending utility over rewards programs
• Frequent travelers seeking to avoid traditional banking FX fees and currency conversion hassles
• Users in regions with unstable currencies or limited international card access
• Digital nomads who want to maintain holdings in cryptocurrency while accessing global spending capabilities
• Privacy-conscious users who prefer self-custodial solutions over fully custodial crypto card platforms

Pros and Cons

Pros

• No monthly fees, transaction fees, or staking requirements
• Self-custodial model with user-controlled private keys
• Global acceptance in 200+ countries without regional restrictions
• Transparent fee structure with competitive FX rates
• Instant card controls and real-time transaction monitoring

Cons

• No cashback rewards or spending incentives program
• Limited to mobile app only (no desktop interface)
• $7 ATM withdrawal fee plus daily/monthly cash limits
• Relatively new platform without extensive operational history
• Limited traditional banking features or integrations

Conclusion

OppiWallet delivers a compelling solution for crypto holders seeking seamless everyday spending capabilities through its combination of self-custodial wallet functionality and globally accepted payment cards. The platform's standout features include its fee-transparent approach with no monthly charges or transaction fees, instant crypto-to-fiat conversion at point of sale, and broad global acceptance across 200+ countries without regional restrictions or token staking requirements.

The self-custodial model provides users with control over their private keys while maintaining the convenience of traditional card payments through Visa and Mastercard networks. However, significant limitations include the absence of cashback rewards, limited traditional banking features, and the platform's relatively new status without a long operational track record.

OppiWallet differentiates itself from competitors like Crypto.com and Binance cards by eliminating staking requirements and focusing on utility over rewards, making it particularly attractive for users who prioritize cost-effectiveness and simplicity over earning potential. The platform represents an ideal solution for practical crypto spending rather than rewards optimization.

Additional Information

Upcoming Features

• "Earn & Grow" staking features for passive crypto yield generation
• Browser extension for DApp connectivity and web-based wallet access
• Enhanced business API integrations for merchant crypto payment acceptance

Regulatory Structure

• Primary Entity: Encoin Limited (United Kingdom)
• Card Issuer: Payblr, Inc. (United States)
• BIN Sponsor Bank: Regent Bank, Oklahoma, USA (Member FDIC)
• Licensing: VASP certification, Visa license through Payblr

Competitive Positioning

Unlike crypto cards requiring token staking or those with geographic restrictions, OppiWallet positions itself as an accessible, global solution focused on utility rather than rewards. This approach appeals to users seeking simplicity over complex benefit structures while maintaining the security benefits of self-custodial crypto storage.