Based Card Review 2026
Reviewed: · against issuer documentation
How this rating is calculated · Algorithmic score, not user reviews
Independently reviewed by Mihail B. · how we verify
Learn More About Based CardCard Overview
Based is mid-pivot, and that's the headline. BasedApp discontinued the original Singapore Visa card on 15 November 2025, and a successor Hype Card is rolling out on based.one for international markets. The new card costs roughly $100 and carries a $90,000/month spending ceiling. Where the team's energy clearly went is the Hyperliquid trading integration. Based is positioned now as a fiat off-ramp tied to Hyperliquid activity, not as a standalone neobank card. No ATM access. Cashback runs on a points system with no published dollar conversion, and the legacy Gold 1.5% tier is discontinued. Apple Pay works. Google Pay provisioning is inconsistent, which is a real risk if you depend on tap-to-pay for everyday spend. The footprint covers roughly 100+ countries, excluding the US and Mainland China; the legacy Singapore, Hong Kong, and Malaysia programs ended in November 2025. If you've used the older product, this isn't it. Best fit: traders who already use Hyperliquid and want a fiat off-ramp wired into it. Wrong card if you need cash withdrawal or a settled product without active pivot risk on pricing, geography, or features.
Based Card delivers crypto-to-fiat spending with Visa's global network across 100+ countries. Enjoy gasless stablecoin deposits, instant conversion at checkout, and up to 1.5% cashback on the Gold tier. Integrated with Hyperliquid for trading and available in both virtual and physical formats, Based Card makes spending your USDC and USDT effortless.
Sweepbase verdict: For its cashback cashback rewards, Based Card is one of the stronger picks in this space, which is why it appeals most to active spenders looking to earn crypto rewards on everyday purchases. That said, a Orange: 2.5% FX; HYPE: 1.5% FX; Based Gold: 0% FX (tiered by $BASED token lockup) foreign-exchange fee — above the market average is worth factoring in before you apply.
This is a Visa crypto card. It offers cashback rewards. Available to US residents. Available in Europe. Available in the UK.
Fees & Limits
| Issuance Fee | Hype Card ~$100 |
|---|---|
| Annual Fee | Gold $499, Free for Standard |
| FX Fee | Orange: 2.5% FX; HYPE: 1.5% FX; Based Gold: 0% FX (tiered by $BASED token lockup) |
| ATM Limit | No ATM withdrawals |
| Spending Limit | $1,500/month Standard; $90,000/month Hype Card |
Features
- Card Type: Virtual + Physical
- Top up with: USDC, USDT, XSGD, other stablecoins (5+)
- Available Countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, Norway, United Kingdom, Switzerland, Australia, New Zealand, Canada, Japan, South Korea, Taiwan, Brazil, Mexico, Argentina, Chile, Colombia, Peru, United Arab Emirates, Saudi Arabia, Turkey, South Africa, Indonesia, Philippines, Thailand, Vietnam, India, Pakistan, Bangladesh (100+ countries; excludes United States and Mainland China; Singapore Hong Kong Malaysia programs ended Nov 2025)
Banking & Fiat Rails
None disclosed
Supported Cryptocurrencies
You can load the Based Card with 2 cryptocurrency tokens. When you pay, the card converts crypto to local fiat automatically.
Networks & deposit details: Solana (USDT), Arbitrum (USDC), Polygon (XSGD), Hyperliquid
Who Is the Based Card Best For?
The Based Card is a good fit for crypto holders who want a simple way to spend their coins without managing wallets by hand.
The Based Card pays HYPE card 2% cashback (requires 10,000 $BASED lockup); Based Gold 4% cashback (requires 100,000 $BASED lockup); no cashback on base tier cashback on eligible purchases, so it works well as a daily spending card.
The card is currently available in 100+ countries; legacy Singapore/HK/Malaysia ending Nov 2025, so it works for residents and travellers in those areas.
Best for
- Frequent spenders who want to earn HYPE card 2% cashback (requires 10,000 $BASED lockup); Based Gold 4% cashback (requires 100,000 $BASED lockup); no cashback on base tier cashback
- People who want a straightforward, app-managed crypto card
- US residents who want a crypto spending card
Avoid if
- You need full non-custodial control of your funds
- You need traditional bank integration (IBAN, SEPA, direct debits)
- You want a card backed by government deposit insurance (FDIC / FSCS)
Compare the Based Card side-by-side with alternatives using the full card listing or explore our Visa crypto cards category.
Pros & Cons
Pros
- Gasless deposits; no staking required for cashback; Hyperliquid trading integration
- Works wherever Visa is accepted worldwide
- Virtual card ready right away, no shipping wait
- Multi-chain top-up across 4+ networks
Cons
- No ATM access; high Gold tier cost ($499); inconsistent Apple Pay; Singapore services discontinued
- Card issuance fee: Hype Card ~$100
- Annual fee: Gold $499, Free for Standard
- Custodial: the issuer holds your funds
- Only available in certain regions
- Requires KYC identity verification
How to Get the Based Card
Here is what the sign-up process looks like, from application to first purchase.
Create a Based account
~5 minutesGo to the Based website or download the app. Sign up with your email, pick a password, and accept the terms. It's free.
Complete KYC verification
1–3 business daysUpload a government-issued photo ID (passport or national ID) and take a selfie. Based verifies your identity under standard AML/KYC rules.
Fund your card
Usually instantOnce verified, load your card with USDC, USDT, XSGD, other stablecoins (5+) through the funding screen. When you make a purchase, your crypto converts to local fiat at the current rate.
Start spending immediately
InstantYour virtual Based Card shows up in the Based app right away. Use it online or add it to Apple Pay / Google Pay for tap-to-pay in stores.
Requirements
Regional Availability
Available in the United States
The Based Card is for US residents. Availability can vary by state because of money-transmission licensing. Check the issuer's site for your state.
Commonly supported states:
Frequently Asked Questions
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