The 1inch Card was a genuine, live Mastercard crypto card (provided by Crypto Life/Baanx, issued by UAB Monavate) with up to 2% crypto cashback and Apple Pay/Google Pay, but it is discontinued: new sign-ups closed around 20 October 2026 with no reason given, and 1inch tells holders to withdraw balances by 18 December 2026 while admitting it cannot guarantee cards work that long. What marketing called self-custody spending was a custodial e-money account, and the real crypto-to-fiat conversion margin was never published. Do not sign up; if you still hold a balance, move it out now.
by the cryptodebitcards editorial desk · curated review · prose updated 2026-11-04 · facts as of 2026-11-04 · how we verify
The 1inch Card was the DeFi aggregator's entry into crypto spending: announced in April 2024 as "a new Web3 debit card, issued by Crypto Life and powered exclusively by the Mastercard network" [3], with physical and virtual form factors. The product page described it as "a prepaid Mastercard powered by Crypto Life (CL), developed in partnership with Baanx and issued by Monavate" [2]. Monavate is UAB Monavate, "authorised and regulated by the Bank of Lithuania under Authorisation Code: LB002139" [6].
That structure matters, because the card is now dead to new users. 1inch's help center states: "The 1inch Card programme is being discontinued. Existing cards and accounts remain accessible for now, but new sign-ups are closed and the programme is winding down" [1]. Coverage from 20 October 2026 (The Defiant, Crypto Briefing, Cryptopolitan) confirms the shutdown [8][9][10].
Issuer-level pricing was lean: the Monavate Fee Information Document for the CL Card shows a EUR 0 monthly maintenance fee, EUR 0 card issuance and a 0% issuer fee on card payments in foreign currency [7]. ATM withdrawals were the exception: EUR 2.50 at UK machines, and "EUR 3.00 plus 1.5% of the transaction value" abroad [7].
The real ongoing cost was never published. Crypto-to-fiat conversion happened through Crypto Life, and the issuer terms reserve an FX margin "available on the fees pages of our website www.withcl.com/legal" [6]. CL's separate Platform Fees page is JavaScript-rendered and unreadable, so the conversion spread is unknown [6]. CL marketing claimed "no hidden subscriptions or fees" [5], but the effective all-in cost cannot be verified.
KYC was handled by the card provider, not 1inch: "CL handles account closure, card status, identity verification (KYC) and personal data requests" [1]. As a UK/EEA e-money product, full ID verification applied, and the wind-down doc names CL as legal counterparty (Baanx Group Ltd for UK users, Frozen Time UNIPESSOAL LDA for EU users) [1][9]. New onboarding is closed [1].
The card supported a modest token set, per the archived product page: 1INCH, USDT, BTC, LTC, XRP and BXX [2]. Top-ups ran through the card interface at card.1inch.com, served from Baanx infrastructure, with instant conversion to fiat at the point of purchase [5][13]. Beyond spending, 1inch offered Cryptodraft (deposit BTC or ETH as collateral, borrow up to 60% LTV, first 10% interest-free, then about 1% monthly) and StableLoans (fixed 6 to 24 month terms in USDC, USDT or EURT) [4].
The headline perk was cashback: "Earn up to 2% crypto cashback on every purchase. Choose to receive rewards in 1INCH, USDT, BTC or BXX tokens" [4]. Note the "up to": no flat rate, cap or tier table was ever published, and cashback in BXX tied rewards to Baanx's own token. With the programme winding down, rewards are moot for everyone [1].
The shutdown itself is the main red flag: "1inch has not disclosed the reason behind the discontinuation or announced a replacement card service" [8]. 1inch also disclaims control of the timeline, saying 18 December 2026 is only "as far ahead as we can currently foresee", and that it "can't action account-level requests" itself [1]. At review time, the card frontend displayed "The 1inch Card service is temporarily unreachable" [13].
Registry filings add churn: Baanx.com Ltd was renamed MONAVATE ONCHAIN LTD on 19 August 2026 [11], and Baanx Group Ltd became BGROUP TECHNOLOGY LTD on 26 October 2026 [12], even as the FAQ still directs users to "Baanx". Independent user feedback is thin; no first-hand card threads surfaced on Reddit [14]. Separately, 1inch's protocol suffered a market-maker exploit in May 2026, unrelated to the card [14].
The 1inch Card was a real Mastercard product with low issuer fees and Apple Pay/Google Pay, but it is discontinued with no explanation and no successor [1][8]. "Self-custody" marketing masked a custodial e-money account held at renamed Baanx entities, and the conversion margin was never disclosed [5][9]. Do not sign up; if you hold a balance, withdraw it now, and pick a live product from our crypto debit card comparison instead.
| Monthly | none |
|---|---|
| ATM fee | 1.5% + $3 per withdrawal |
| Fine print | Issuer-level Monavate Fee Information Document for the CL Card (03/11/2023): 'Monthly maintenance fee EUR 0.00', card issuing EUR 0.00, debit card payment in a foreign currency 'EUR 0.00 plus 0% of the transaction value', UK cash withdrawal EUR 2.50, 'Cash withdrawal in foreign currency outside the UK ... EUR 3.00 plus 1.5% of the transaction value', replacement card EUR 5.00. Monavate terms also state 'We will also apply our margin which is available on the fees pages of our website www.withcl.com/legal', and CL's separate 'Platform Fees' page (crypto-to-fiat conversion margin) is JavaScript-rendered and could not be read, so the effective conversion/FX spread is unknown. CL card page claims 'No hidden subscriptions or fees'. Cryptodraft borrowing: 0% per annum up to 10% of the BTC deposit, 12% per annum above that (blog: '1% monthly percentage rate (MPR)'). Post-closure dormancy: issuer terms say after 12 months 'we will start deducting a fee'. |
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Gate Card exists, is actively developed and advertises the most aggressive cashback headline on this list (up to 8%), but the program is a black box: issuer unnamed, no published fees, no documented limits, regions defined only as 'non-restricted countries'. Fine as an exchange perk for heavy Gate users - hard to verify for anyone comparing card terms.
The most mature crypto prepaid card in the US - FDIC-member bank issued, $25k/month top-ups and clean tier structure - but the free tier earns nothing, real cashback requires a subscription or five-to-six-figure CRO stakes, and rewards are paid in volatile CRO.
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