Based Card Review 2026
Reviewed by Mihail B. in · · how we verify
Algorithmic score, not user reviews: how it is calculated
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Fees and limits
| Issuance fee | None. Physical HYPE card shipping $50; Based Gold shipping free |
|---|---|
| Annual fee | None. After 6 months of inactivity a maintenance fee of $5 a month is charged until the balance reaches $0, and then the card is terminated |
| FX fee | HYPE 1.5%, Based Gold 0% markup over the Visa rate (Based Orange 2.5%, not yet released)The fine print1% Smart Convert fee when a purchase is paid from SOL, HYPE or BASED instead of stablecoins |
| ATM limit | No ATM withdrawals |
| Spending limit | S$3,000 a day on HYPE (and Orange); higher unpublished limit on Based Gold; raise on request |
Fees change; the current ones are in Based’s terms.
Features
- Cashback: 2-4% (lockup tiers)
The fine print
- HYPE (shown as Premium on based.one/cash) 2% cashback capped at $20 a month, needs 10,000 BASED locked for 21 days
- Based Gold 4% capped at $100 a month, needs 100,000 BASED locked
- Paid monthly in BASED tokens, $5 minimum per cycle
- Stops once you start unstaking
- Based Orange (not yet released) has none
- KYC: Yes
- Card type: Virtual + Physical
- Top up with: USDT, USDC, XSGD, plus SOL, HYPE and BASED; minimum deposit $10; bank wire listed as coming soon
- Available countries: Worldwide except 92 restricted countries from 1 August 2026, including the United States, Canada, Australia, New…
Full list
… Zealand, China, Hong Kong, Singapore, India, Indonesia, Turkey, Saudi Arabia, Taiwan, Vietnam, South Africa and Slovenia
Who issues the Based Card
Our issuer directory has no verified entry for the Based Card yet: a bank goes in only with a source we can cite. 39 of the 141 cards you can still get are in the same position. See our BIN-sponsor research for why disclosure varies and what it means for you.
Supported cryptocurrencies
You can load the Based Card with crypto; the 3 assets we track for it are listed below.
Pros and cons
Pros
- No signup or annual fee
The fine print
- 0% FX markup on Based Gold
- Free stablecoin deposits on Solana, Arbitrum, Polygon and Hyperliquid
- Rebates on AI and streaming subscriptions
- Earn 4% cashback on eligible purchases
- Multi-chain top-up across 4+ networks
Cons
- Tier and cashback need a 10,000 or 100,000 BASED lockup
The fine print
- Cashback paid in BASED and capped
- No ATM withdrawals
- No withdrawals from the card account
- Closed to residents of 92 countries including the US, Canada and Australia
- 1% fee when spending non-stablecoin balances
- $5 monthly fee after 6 months of inactivity
- No IBAN or bank-account features
Regional availability
Available worldwide except the US, Canada and others
Worldwide except 92 restricted countries, including the United States, Canada, Australia, New Zealand, China, Hong Kong, Singapore, India, Indonesia, Turkey, Saudi Arabia, Taiwan, Vietnam and South Africa. The list applies from 1 August 2026.
Banking and fiat rails
Card overview
Based sells this Visa debit card only to people who lock its own token. The HYPE tier needs 10,000 BASED locked for 21 days and pays 2% cashback, capped at $20 a month, with a 1.5% FX markup. Based Gold needs 100,000 BASED and pays 4%, capped at $100, with no FX markup and free shipping for the card. Cashback arrives monthly in BASED, the token you already had to lock, and it stops the moment you start unstaking.
There is no signup or annual fee, but converting crypto other than stablecoins to fiat at payment adds a 1% fee, and after 6 months of inactivity a $5 monthly maintenance fee runs until the balance reaches $0, when the card is terminated. The same app runs a Hyperliquid trading terminal, and that is where most of the product's attention goes. The card does not share its balance: Based's FAQ says card and trading wallets are separate, and money cannot be withdrawn from the card account. There are no ATM withdrawals either.
Google Pay works on most Android phones; Apple Pay is listed in the card docs and denied in the FAQ. From 1 August 2026 the card is closed to residents of 92 countries, including the US, Canada, Australia, New Zealand, Singapore and Hong Kong.
- Best fit
- Hyperliquid traders who already hold BASED and want to spend stablecoins without opening another account
- Wrong card if
- you need cash, want rewards in something other than the token you locked, or live in one of the 92 excluded countries
Common questions about the Based Card
We do not collect user reviews. Answers come from the card terms, the issuer disclosure and the regulator registers we could reach, rechecked on the Data verified date above.
