Even after more than a decade of Bitcoin, integrating crypto into everyday life remains a challenge for many digital coin users. That’s why the UPay Card was created—to provide a secure and hassle-free way to transact cryptocurrencies like fiat. Curious about how to pay someone with crypto? Stick with us to learn how the UPay Card makes crypto-to-fiat transactions effortless.
| Company | UPay Financial Technology Co., Ltd |
|---|---|
| Headquarters | Dubai |
| Year established | 2023 |
| Licenses | US MSB License (Registration Number: 31000257909666) Canada MSB License (Registration Number: M24993747) Hong Kong’s MSO |
| Customer Support | Live Chat, Email, and Knowledgebase |
| Top Safety Features | Multiple Licenses SSL-Secure website 3D Card payments |
To kick off this UPay Card review for 2025, let’s dive into one essential question: What exactly is the UPay Card?
The UPay Card is a revolutionary crypto card created by UPay Financial Technology Co., Ltd., one of the fastest-growing fintech innovators. This card allows you to seamlessly convert your digital assets into cash at ATMs worldwide, shop contactless in-store, make purchases on major platforms like Amazon and Alibaba, and even cover your monthly subscriptions directly in crypto—no need to sell it on an exchange first.
Backed by Visa and Mastercard, the UPay Card is accepted at over 55 million merchants in 168+ countries, making it a game-changer for global crypto usability.
Using the UPay Card is straightforward and familiar, much like traditional bank credit and debit cards. The credit card feature offers instant crypto-backed loans, using your digital portfolio as collateral. Your crypto remains untouched, allowing it to retain speculative advantages, including potential value growth.
The debit option, on the other hand, deducts funds directly from your crypto balance at the real-time market rate.
The card primarily supports USDT but also integrates BTC, ETH, and USDC, which you can manage via the UPay app. Simply convert your chosen crypto to USDT to load your card for transactions. The app also lets you lock your card, set limits, and track spending with full transparency.
UPay Card Advantages
Multiple card options tailored to your needs
Hassle-free application process
Flexible spending limit customization
Low fees and competitive international transaction rates
Quick and straightforward KYC verification
UPay Card Limitations
Only USDT is accepted as collateral, limiting variety
May not suit those preferring more diverse collateral options
Cross-border fees apply in certain cases
The core advantage of the UPay Card lies in its partnership with Visa and Mastercard, the world’s largest payment networks. Together, they unlock endless spending possibilities across the globe. As of 2023, these networks are accepted in over 210 countries, connecting you to more than 80 million merchants worldwide.
Concerned about navigating crypto regulations globally? UPay Card takes care of the heavy lifting. It seamlessly converts your digital assets into fiat, so every payment you make is as smooth as swiping a traditional card. Merchants receive fiat at the spot exchange rate, letting you spend crypto even in countries where digital assets aren’t yet embraced. Plus, UPay's compliance with global financial regulations further ensures acceptance almost everywhere you go.
Another major perk of the UPay Card is its versatility, offering options that cater to every user. Choose from four card tiers, each designed with different spending limits, fees, and preferences in mind.
For online shopping enthusiasts, UPay provides two virtual card options that adapt to your spending needs. These cards are incredibly convenient, with instant activation that skips the hassle of shipping.
If you’re a fan of the classic feel of a physical card, UPay’s physical option brings the best of both worlds. It combines all the virtual card benefits with added features like ATM withdrawals and the ability to swipe at in-store POS terminals, offering complete spending freedom.
With over 300 million crypto users worldwide and an ever-growing need for practical solutions to bridge digital and fiat currencies, the UPay Card delivers with an efficient off-ramping solution.
The magic lies in UPay’s advanced algorithms and blockchain-enabled payment gateways, which instantly convert crypto into fiat currency. If you’re familiar with the challenges of crypto-to-fiat conversions, you’ll appreciate the simplicity UPay brings. It removes the need for third-party platforms, slashing fees and saving valuable time.
To put this into perspective, converting Bitcoin to USD through traditional methods could cost anywhere from 2% to 5% in fees. With UPay, those fees are slashed, making crypto spending effortless and cost-effective.
The UPay Card takes convenience to the next level with its seamless contactless payment capabilities. By integrating with Apple Wallet and Google Pay, you can make payments with a simple tap, just like using Apple Pay or GPay for everyday transactions.
What’s more, the card connects effortlessly with PayPal, WeChat, and AliPay, giving you the freedom to transact on a wide range of global and local platforms. The goal is to ensure that spending crypto feels as easy as using traditional payment methods.
UPay has introduced a powerful new feature: UPay Savings. Found under the “Financial Management” tab on your app or web dashboard, this investment product currently focuses on fixed-term options, with flexible-term products on the horizon.
Currently, UPay Savings supports BTC, ETH, USDT, and USDC, providing competitive APRs of up to 30%. Curious about how the interest is earned? Yields come directly from UPay’s loan activities. Once the savings product matures, your principal is automatically transferred back to your Savings account. Plus, select Fixed Savings products even offer the flexibility of early redemption.
You might be wondering, "Is the UPay Card safe?" The answer is a resounding yes. Alongside its multiple licenses, the UPay Card incorporates robust security measures to ensure your peace of mind. Each card is equipped with a CVC2 code, just like traditional debit and credit cards, providing an additional layer of security for transactions.
Online purchases are further protected by 3D Secure technology, which uses OTP verification. This means even if someone gains access to your card, they cannot transact without your explicit approval via a one-time password.
On top of that, UPay adheres to the stringent PCI DSS standards, ensuring your data remains secure and protected against breaches. All sensitive information is transmitted using 256-bit SSL encryption, offering the highest level of data security.
No UPay Card review would be complete without a look at the fees you’ll encounter when using the card. Here’s a quick breakdown of the costs to help you plan.
| Card Type | Annual Fee | Collateral Fee | Issuance Fee | Cross-Border Fee |
|---|---|---|---|---|
| Stellar | None | Not Applicable | 50 USDT | 1% |
| Platinum | None | Not Applicable | 10 USDT | 2% |
| Euro Card | None | 2.50% | 100 USDT | 2% |
| Precious | 400 HKD | 1% | 100 USDT | 3% |
The UPay Card offers tier-based spending limits, designed to match the type of card and collateral amount. Here’s a breakdown of the available tiers:
Stellar: A virtual-only card with a daily spending limit of $20,000. ATM withdrawals are not supported.
Platinum: Features no minimum spending limit and allows up to $200,000 in daily transactions. However, ATM withdrawals are unavailable.
Euro Card: Supports transactions ranging from 1.00 EUR to 50,000 EUR daily, with a daily ATM withdrawal cap of 2,000 EUR.
Precious: Offers a daily spending limit of up to 800,000 HKD, with no minimum limit. ATM withdrawals are capped at 10,000 HKD per day.
Getting your UPay Card is simple and straightforward. Here’s a step-by-step guide to help you set up and start spending:
Register Your Account: Head to the UPay platform and sign up by entering your personal information.
Verify Your Identity: Complete the KYC process by uploading the required documents.
Pick Your Card: Choose a card type that fits your needs, like the Euro Card or the UPay Precious Card.
Fund Your Wallet: Deposit your chosen cryptocurrency into your UPay wallet.
Apply for Your Card: Navigate to your dashboard, click “Apply Card,” and follow the instructions.
Load Your Card: (Optional) Add a nickname for your card and load it with funds from your wallet.
Start Spending: Use your UPay Card for seamless online and offline transactions worldwide.
Depositing cryptocurrency into your UPay Wallet is quick and simple. Follow these steps to get started:
Install the UPay App: Download and open the app on your device.
Access the Deposit Option: Tap on “Deposit” in the main menu.
Choose Your Cryptocurrency: Select the digital asset you want to deposit, like Bitcoin, Ethereum, or Tether.
Pick the Blockchain Network: Choose the appropriate network for your crypto, then copy the provided wallet address or scan the QR code.
Transfer Funds: Send the desired amount to the wallet address and monitor the transaction status in the wallet’s activity section.
Selecting the right UPay Card may seem daunting if you’re new, but focusing on key factors can simplify the process:
Geographical Region: While UPay Cards are globally accepted, they are available in different currencies. Choose the card that best matches your region or the currency you transact in most often. For example, the HKD card is ideal for Hong Kong users, while the EUR card is perfect for Europe.
Type of Payments: Decide based on your payment needs. If you’re making online payments exclusively, a virtual card will suffice. However, for cashing out crypto via ATMs or making in-store purchases, a physical card is your best choice.
Budget: Factor in the activation fee. The Platinum Card (virtual) is the most budget-friendly option at $10, followed by the Stellar Card at $50. Physical cards, offering additional features, cost $100 each.
Spending Limit: Consider your spending habits. For high-value or frequent transactions, a higher-tier card ensures smoother usage. For instance, the Platinum Card supports spending up to $200,000, while the Precious Card allows transactions up to 800,000 HKD (approximately $100,000).
The UPay Card sets a new standard in crypto-fintech by blending convenience, security, and innovation into a single, versatile payment solution. With real-time crypto-to-fiat conversions, global acceptance at millions of merchants, and flexible card options, it’s a dependable tool for crypto users looking for everyday practicality.
While its reliance on USDT as collateral may not suit everyone, UPay makes up for it with advanced security features, competitive fees, and cutting-edge extras like passive income opportunities and effortless contactless payments. Plus, users can store other cryptocurrencies in the UPay Wallet and quickly swap them to USDT whenever they need to top up their cards.
For 2025 and beyond, say goodbye to manual conversions and hello to a smoother, more efficient way to spend crypto. The UPay Card is a must-have for the modern crypto user.