1inch has a clear wallet-first story and a product that fits its audience, but the lineup still feels narrower than the strongest self-custody issuers.
The issuer gets credit for fit and trust posture. It gives some of that back because the lineup is still smaller and less proven in day-to-day spending than the leaders.
Issuer Snapshot
Editorial vendor score stays separate from user reviews. Methodology
Product Quality
3.4
Trust & Custody
4.1
Fee Transparency
3.5
Operational Reliability
3.3
Market Relevance
3.4
The 1inch Card is a custodial Mastercard debit card (not a credit card) powered by Baanx, integrated with the 1inch DEX aggregator, offering 2% cashback in BXX (or 1% in BTC/USDT), 0% FX fee, 1.75% crypto conversion fee, and $8,000 daily spending limit across the EEA and UK.
1inch is the world's most-used DEX aggregator - the protocol that routes swaps across dozens of decentralized exchanges to find optimal pricing. The card is a natural extension: convert your on-chain DeFi yields and token holdings into real-world spending at any Mastercard merchant. Our 2026 review of the 1inch card covers the full fee structure, cashback economics, and competitive positioning to see whether the aggregator advantage translates into card value.
The card is issued through Baanx (FCA-regulated UK fintech) via the Crypto Life (CL) platform, with Monavate as the card issuer. This is a custodial product - funds transferred to the card are held by Baanx, not in your personal wallet.
SpendNode app screenshot
1inch Card - Mastercard integration via Baanx Crypto Life platform. 2% BXX cashback, 0% FX, EEA and UK.
1inch Mastercard - $0 annual fee. 2% cashback in BXX tokens (or 1% in BTC/USDT). Virtual + physical card. Apple Pay and Google Pay. EEA and UK only.
Spend DeFi Assets Globally: 2% Back in BXX
The standard 1inch card has Free annual fee, 2% cashback in BXX (1% in BTC/USDT), and 0% FX. The 1.75% crypto conversion fee on every spend means only BXX cashback nets positive. A one-app off-ramp for 1inch users who already accept BXX token risk.
Advertised:
Actual costs you will encounter:
| Fee | Cost | Notes |
|---|---|---|
| Annual fee | $0 | No subscription |
| FX fee | 0% | True zero on cross-currency |
| Crypto conversion | 1.75% | When converting crypto to fiat for spending |
| ATM fee | 2.0% | Per withdrawal |
| ATM daily limit | $500 | Low compared to competitors |
The FX advantage: The 0% FX fee is valuable. For international spending, the total cost is just 1.75% conversion with no FX markup - competitive for EEA/UK users who travel frequently.
$0 annual fee. 0% FX. 1.75% crypto conversion. 2% ATM. Cashback: 2% in BXX or 1% in BTC/USDT. Net with BXX at $3,000/month: EUR 90/year. Net with BTC: -EUR 180/year loss. The card is only profitable with BXX cashback, and BXX carries token volatility risk. $500 daily ATM limit. $8,000 daily spending limit.
| Reward Choice | Gross Rate | Conversion Fee | Net per $100 |
|---|---|---|---|
| BXX tokens | 2.0% | -1.75% | +$0.25 |
| BTC | 1.0% | -1.75% | -$0.75 |
| USDT | 1.0% | -1.75% | -$0.75 |
We track the net return after all fees: the math only works with BXX. If you choose BTC or USDT cashback (1%), the 1.75% conversion fee means you lose 0.75% on every transaction. Only the 2% BXX rate yields a positive net return - and BXX is the Baanx token, adding token volatility risk.
The 1inch Card includes access to crypto-backed borrowing through the Crypto Life platform: borrow against your holdings at 0% interest with up to 50% loan-to-value ratio. Credit features are currently unavailable in some countries.
SpendNode app screenshot
Cashback and borrowing - Earn 2% in BXX or 1% in BTC/USDT. Crypto-backed borrowing at 0% interest with 50% LTV.
| Feature | 1inch | MetaMask | Gnosis Pay | Bleap |
|---|---|---|---|---|
| Max Cashback | 2% BXX | 1-3% crypto | 1-5% GNO | 2% USDC |
| FX Fee | 0% | 1% (Virtual), 0% (Metal) | 0% | 0% |
| Conversion Fee | 1.75% | 0-0.875% | 0% | 0% |
| Custody | Custodial (Baanx) | MPC (partial) | Self-custodial (Safe) | Self-custodial (AA) |
| DeFi Integration | DEX aggregator | Multi-chain wallet | Gnosis Chain | Base/Polygon |
| Card Network | Mastercard | Mastercard | Visa | Mastercard |
| Best For | 1inch app users | Multi-chain wallets | DeFi-native Europeans | Privacy + AA security |
Reviewing 1inch against its closest DeFi-card competitors reveals a mixed picture:
1inch wins on:
1inch loses on:
Ideal user profile:
Who should avoid:
Our take: Our review finds that the 1inch Card is an ecosystem product for ecosystem users. If you already live in the 1inch app and want a spending rail, it works - the 0% FX fee and DEX aggregator integration are clear advantages. But the 1.75% conversion fee means the economics only work if you take the 2% BXX cashback and accept the token risk.
For DeFi users who are not tied to the 1inch ecosystem, Gnosis Pay (0% fees, 1-5% GNO) or MetaMask (1% cross-border on Virtual, 0% on Metal, 1-3% cashback) offer better value.
Setup:
Monthly math:
BXX risk scenario:
His verdict: "I use it because I already live in the 1inch app. The aggregator integration is smooth - fund the card, spend anywhere. But the 2% BXX rate barely covers the 1.75% conversion. I would not use it if I was not already a 1inch user."
Setup:
Monthly math:
Her verdict: "The 0% FX is great for travel, but the 1.75% conversion eats my cashback and then some. I switched to Wirex Standard for the same 0% FX but with cashback that actually covers the costs."
Your funds on the card:
Your on-chain assets:
BXX cashback tokens:
1inch stability indicators (2026):
1inch is not a scam, and the stack behind the card is easy to verify against public facts already on this page:
1. The 1inch protocol has a long operating history. 1inch has been running since 2019 and is the leading DEX aggregator by volume in DeFi - the protocol that routes swaps across dozens of decentralized exchanges to find optimal pricing. It is an open-source protocol with an extensive audit history, not a one-week launch with no paper trail.
2. The card is issued through a regulated stack, not by 1inch itself. The card runs on Mastercard rails and is issued through Baanx (an FCA-regulated UK fintech) via its Crypto Life (CL) platform, with Monavate as the actual card issuer. Baanx is not a shell entity - it also powers the Ledger CL Card, and the same Baanx stack is used by multiple other crypto card products. If Baanx fails, FCA resolution processes apply to the card funds it holds.
3. The product structure is disclosed up front. The card is custodial: funds transferred to the card are held by Baanx, not in your wallet. This is stated in the entity definition and the safety section rather than buried. The full fee schedule, reward table with net-return math, supported assets, and regional footprint are all published in the tables above.
4. The app exists and is active. The 1inch app carries a 4.0 average across 692 App Store ratings - a normal pattern for an established DeFi app, not an empty listing with no reviews.
SpendNode Verified: The editorial team reviewed 1inch's issuer identity, product terms, and live card flow per our methodology. Verification is not an endorsement or guarantee.
1inch is available in 31 countries as of November 2026. We count a country here when at least one active 1inch card variant lists it, so individual product pages may be narrower.
Austria (AT), Belgium (BE), Bulgaria (BG), Croatia (HR), Cyprus (CY), Czech Republic (CZ), Denmark (DK), Estonia (EE), Finland (FI), France (FR), Germany (DE), Greece (GR), Hungary (HU), Iceland (IS), Ireland (IE), Italy (IT), Latvia (LV), Liechtenstein (LI), Lithuania (LT), Luxembourg (LU), Malta (MT), Netherlands (NL), Norway (NO), Poland (PL), Portugal (PT), Romania (RO), Slovakia (SK), Slovenia (SI), Spain (ES), Sweden (SE), United Kingdom (GB)
These major markets are not currently listed for this vendor. Confirm eligibility with the issuer before applying, especially where card tiers have different country rules.
Egypt (EG), Kenya (KE), Nigeria (NG), South Africa (ZA)
Argentina (AR), Brazil (BR), Canada (CA), Chile (CL), Colombia (CO), Mexico (MX), United States (US)
China (CN), Hong Kong (HK), India (IN), Indonesia (ID), Japan (JP), Malaysia (MY), Philippines (PH), Singapore (SG), South Korea (KR), Taiwan (TW), Thailand (TH), Turkey (TR), United Arab Emirates (AE)
Switzerland (CH)
Australia (AU), New Zealand (NZ)
The 1inch Card only pays its way if you take cashback in BXX: the 2% rate nets 0.25% after the card's 1.75% conversion fee, while the 1% BTC and USDT options lose 0.75% on every purchase. For an active 1inch app user in the EEA or UK that can still be worth it, since the card is free, charges 0% FX on foreign spending, and plugs straight into the aggregator they already use.
Treat the BXX balance as a volatile ecosystem token and sweep it into established assets regularly. Anyone picking a DeFi card on economics alone will do better with Bleap or MetaMask.
Written by Aleksandar Dukic
No. 1inch crypto card is not available in the United States.
The 1inch card is custodial, powered by Baanx. Funds are held by the card platform, not in your personal wallet.
No. The 1inch Card is a Mastercard debit card, not a credit card. You load crypto and spend your own balance - there is no credit line, no APR, and no credit check. For crypto-backed credit card options, see our reviews of Gemini, ether.fi, Nexo, and Avici.
Reviews are moderated and may take a moment to appear.
App Store (692 ratings)
Source: Apple App Store - Updated Oct 2026
