RedotPay Card Review

RedotPay is a stablecoin-focused crypto payment platform headquartered in Hong Kong, offering Visa-powered debit cards that let users spend cryptocurrency like cash. Launched in late 2023, the RedotPay card supports both virtual and physical formats with no monthly or annual fees. It enables global spending at over 130 million merchants across 100+ countries. Unlike exchange-issued crypto cards, RedotPay emphasizes direct use of on-chain assets. Users can top up with USDT, USDC, BTC, ETH and more, and the system deducts the equivalent crypto from your linked wallet in real time during transactions. Notably, RedotPay even integrates Binance Pay for convenient stablecoin recharges, giving it an interoperability edge with popular crypto wallets.

Both the virtual and physical RedotPay cards run on the Visa network and require identity verification (KYC) via Sumsub. The one-time application fee is $10 for a virtual card or $100 for a physical card, though promotional discounts (50% off virtual, 30% off physical with qualifying deposits) are frequently available. Top-ups are free, and there are no ongoing maintenance fees, aligning with RedotPay’s transparent fee approach. Each purchase incurs a 1% crypto-to-fiat conversion fee (rising to ~1.2% for non-USD transactions). ATM withdrawals (physical card only) cost 2% of the amount + $2.50 per transaction.

The card’s spending limits are very high – up to $1,000,000 per day for purchases – making it suitable for power users, though cash withdrawal limits are more modest (~HKD 23,000, or ~$3,750 USD daily for most regions). RedotPay currently offers no direct cashback rewards on spending (beyond occasional sign-up bonuses), but users benefit from features like real-time transaction notifications and broad merchant acceptance worldwide.

Overall, RedotPay’s crypto card provides a convenient bridge between stablecoins and everyday spending. It is truly borderless, requiring no fiat bank account while letting you spend in local currencies worldwide via the Visa network. The platform’s “light” approach to custody (not relying on a centralized exchange for funds) and robust compliance (licensed as a VASP in multiple jurisdictions) appeal to those who prioritize security and flexibility. While its fees (1% per transaction and 2% ATM fee) are higher than some competitors, RedotPay stands out for its no monthly fees, high spending limits, and ease of use for anyone holding popular stablecoins. For users in eligible regions looking to “spend crypto like cash,” RedotPay offers a compelling solution in the crypto debit card space.