Yearly cost at three spending levels
| Monthly spend | OKX Card | Xapo |
|---|---|---|
| $500 | ≤ +$111.60 Non-VIP | -$1,024 Membership |
| $2,000 | ≤ +$453.60 Non-VIP | -$1,024 Membership |
| $5,000 | ≤ +$621.46 Non-VIP | -$1,024 Membership |
Net value per year: cashback minus conversion, FX, ATM and fixed fees. US dollars, 20% foreign spending, one $200 ATM withdrawal a month. The card cost calculator runs the same comparison with your own habits.
Where the money goes at $2,000 a month
| Line | OKX Card Non-VIP | Xapo Membership |
|---|---|---|
| Top-up and conversion fees | -$26.40 | $0 |
| Spending fees | $0 | $0 |
| Foreign exchange markup | $0 | $0 |
| ATM fees | Not disclosed | -$24 |
| Annual, monthly and subscription fees | $0 | -$1,000 |
| Cashback | +$480 | $0 |
| Net per year | +$453.60 | -$1,024 |
Fees
OKX Card charges 0.1% to convert or top up and 0% on spending in a foreign currency. Xapo charges 0% and 0%.
The conversion fee applies to every dollar you load, so Xapo's lower rate matters most for everyday spending in your home currency. On $1,000 of spending, the gap is $1.
ATM withdrawals: OKX Card no atm access (virtual card only); Xapo 2% after $100 free a month.
A virtual card costs nothing with OKX Card and nothing with Xapo. A physical card costs an undisclosed fee and nothing.
Cashback and rewards
OKX Card cashback: 2% to 10%. Xapo cashback: None.
OKX Card tiers: Non-VIP: 2% on the first €2,500 a month, capped at €50 a month; VIP 1: 4% on the first €7,500 a month, capped at €300 a month; VIP 2: 4.5% on the first €10,000 a month, capped at €450 a month; VIP 3: 5% on the first €20,000 a month, capped at €1,000 a month; VIP 4+: 10% on the first €10,000 a month, capped at €1,000 a month.
Xapo tiers: Membership: 0%.
OKX Card: Cashback is earned only on purchases paid with USDG and is credited in USDG. The VIP level depends on your OKX balance and trading volume. Rates apply from 1 September 2026.
Xapo: Xapo pays cashback in Bitcoin only through limited-time offers, such as 3% on rideshares with the Metal card from 1 July to 30 September 2026. The membership also includes interest on USD savings, paid in Bitcoin.
Availability and KYC
OKX Card is offered in 28 countries, including France, Germany, Ireland, Italy, Netherlands, Portugal and Spain. Available across the EU and Norway, excluding Iceland and Liechtenstein. The card is virtual only for now.
Xapo does not publish a country list. Xapo Bank does not publish a list of countries where membership is open.
OKX Card needs full KYC and Xapo needs full KYC.
The card finder checks both cards against your country, KYC level and must-have features.
Limits, wallets and card types
OKX Card does not publish fixed spending or ATM limits.
Xapo does not publish fixed spending or ATM limits.
OKX Card works with Apple Pay and Google Pay, and Xapo does not list either. OKX Card and Xapo issue a virtual card you can use straight away.
Custody and safety
OKX Card scores 74/100. Licensing: holds a licence or registration outside the tier-one list (MiCA crypto-asset service provider licence from the Malta Financial Services Authority (OKX Europe Limited); OKX says the card itself is not a MiCA-licensed product). 2025-02-24: Aux Cayes FinTech Co. Ltd., an OKX operator, pleaded guilty in the US to operating an unlicensed money transmitting business and agreed to pay more than $504 million. 2025-04-03: Malta's Financial Intelligence Analysis Unit fined OKX's European entity €1.1 million for anti-money laundering failures in 2023. OKX publishes a monthly proof of reserves; the 45th report was published on 30 July 2026.
Xapo scores 69/100. Licensing: holds a licence or registration outside the tier-one list (Credit institution regulated by the Gibraltar Financial Services Commission (Permission No. 23171); crypto services by Xapo VASP Limited, a GFSC-regulated DLT Provider (Permission No. 26061)). No incidents or enforcement actions found in the last 36 months. Xapo says Bitcoin is held 1:1 and legally segregated under Gibraltar's DLT framework, never lent or rehypothecated. USD deposits are covered by the Gibraltar Deposit Guarantee Scheme; crypto balances are not.
Full reports: OKX Card safety check and Xapo safety check.
About each card
OKX Card (Europe) is a self-custody Mastercard from OKX Europe Limited (Malta). It tops up with USDC and USDG and its balance is held in EUR.
Xapo Bank Card is a custodial Visa card from Xapo Bank Limited (Gibraltar). It tops up with USD, BTC, USDC and USDT.
Which card fits you
OKX Card fits if
- You want to keep crypto in your own wallet until each payment.
- You want a higher cashback ceiling (up to 10%).
- You weigh licensing and fund segregation heavily, since it scores higher on our safety check.
Xapo fits if
- Most of your spending is in your home currency, where its lower conversion fee counts most.
Read more: OKX Card fees and details · Xapo fees and details