Best Crypto Cards in Kazakhstan (2026)

Kazakhstan has a dual regulatory framework for crypto that reflects its broader economic governance model - the AIFC as an English-law enclave within the country, and the general regulatory apparatus outside it.

AIFC Framework (Astana International Financial Centre): The AIFC, established in 2018 and modeled on the Dubai International Financial Centre (DIFC), operates under English common law with its own court system (AIFC Court, staffed by international judges including former UK Supreme Court justices). The Astana Financial Services Authority (AFSA) regulates crypto through specific rules for:

• Digital Asset Trading Facilities (DATFs): Licensed platforms for crypto trading. Requirements include minimum capital (varies by tier), segregated client accounts, cyber security standards, and AML/KYC compliance.
• Digital Asset Custodians: Licensed custody services for institutional and retail crypto holders.
• Binance's AIFC registration (obtained 2022) makes Kazakhstan one of the few countries with a formally regulated Binance presence. This matters for compliance-conscious users.

National Framework (outside AIFC): The Agency for Regulation and Development of the Financial Market (ARDFM) oversees general financial regulation. In January 2024, Kazakhstan's broader Law on Digital Assets came into force, establishing a nationwide regulatory framework. The law defines digital assets, requires licensing for exchanges operating outside the AIFC, and imposes AML/KYC requirements on all crypto service providers.

The National Bank of Kazakhstan (NBK, Qazaqstan Ulttyk Banki) has stated that cryptocurrencies are not legal tender but has not banned ownership or trading. The NBK is developing a digital tenge (CBDC) pilot program, with testing conducted through selected banks in 2024-2025.

Mining regulation: After the post-China mining boom overwhelmed the electrical grid (causing nationwide power outages in January 2022), Kazakhstan imposed strict mining rules:

• Registration with the Ministry of Digital Development required
• Digital mining tax of 1 KZT per kWh of electricity consumed
• Subsidized electricity prohibited for mining (must use commercial rates)
• Mining banned during peak demand periods
• Equipment import registration required

The hashrate share dropped from 18% to approximately 6-8% after the regulations, but Kazakhstan remains a significant mining country.

Crypto card usage is legal and unrestricted. The AIFC provides a regulated environment that gives institutional confidence, and the 2024 national law provides nationwide clarity.

Kazakhstan applies a flat 10% individual income tax (IPN) that covers most income types including crypto. Capital gains from the disposal of property (which includes crypto under the 2024 Digital Assets Law) are taxed at 10%. The simplicity of the flat rate is an advantage - no brackets, no classification ambiguity, no progressive tiers.

How the 10% applies to crypto card spending:

Every disposal of crypto - including spending via a crypto card - is a taxable event. The taxable amount is the disposal value minus the acquisition cost.

Example - Almaty IT professional spending BTC: You acquired 0.05 BTC at $5,000 (KZT 2.3M) and it appreciated to $50,000 (KZT 23M). Spending KZT 23M via a crypto card: 10% on the KZT 20.7M gain = KZT 2,070,000 ($4,500) in tax. Cashback at 2% = KZT 460,000 ($1,000). Net result: negative KZT 1,610,000 ($3,500). BTC spending on heavily appreciated positions is a net loss.

Example - USDC funding: Same spending level (KZT 23M). USDC creates approximately zero capital gain. Cashback at 2% = KZT 460,000 ($1,000). Tax: approximately KZT 0. Net result: positive KZT 460,000 ($1,000).

Example - ether.fi borrow-to-spend: ETH holder deposits collateral, borrows against it, spends borrowed funds. No disposal event. Cashback: KZT 690,000 (3% on KZT 23M). Tax: KZT 0. Net: positive KZT 690,000 ($1,500) plus staking yield.

Mining income is subject to 10% income tax plus the digital mining tax of 1 KZT per kWh consumed. These are separate obligations.

Stablecoin funding or ether.fi borrow-to-spend are the optimal strategies. Kazakhstan's 10% flat rate is moderate by global standards but still makes BTC spending on appreciated positions unprofitable. VAT is 12% on goods and services - crypto transactions between individuals are generally not subject to VAT, but exchange fee income may attract it.

Crypto card applications from Kazakhstan require the Kazakhstani identity card (Zheke Kualik / Жеке куалiк), issued by the Ministry of Internal Affairs. The identity card contains the IIN (Individual Identification Number, Жеке сайкестендiру нөмiрi, 12 digits) which serves as the universal identifier for all government, banking, and financial services.

Alternative identification: Kazakhstani biometric passport (issued by the Ministry of Internal Affairs). Proof of address via utility bills from regional energy companies (KEGOC group), KazTransGas Aimak (gas), or telecom bills from Kcell, Beeline Kazakhstan, or Tele2 Kazakhstan. Bank statements from Kaspi Bank, Halyk Bank, ForteBank, or Jusan Bank work.

KAST and RedotPay with minimal KYC are accessible with the Kazakhstani biometric passport. The passport is ICAO-compliant and well-recognized internationally. The growing Kazakhstani diaspora (Russia, Turkey, UAE, South Korea, US) may find host-country documents provide broader issuer options.

Kaspi vs Crypto Card: Complementary, Not Competing

Kaspi.kz is one of the most successful fintech platforms in any emerging market. The Kaspi Gold card offers up to 1.5% cashback in KZT, QR payments at essentially every merchant, P2P transfers to any other Kaspi user (instant, free), bill payments, marketplace purchases, and travel booking - all in one super-app. Kaspi has effectively replaced cash for everyday purchases in Kazakhstan's major cities.

A crypto card does not compete with Kaspi domestically. Instead, it fills the international gap that Kaspi cannot:

• International e-commerce: Amazon, AliExpress international, Steam, Netflix, Spotify, YouTube Premium all require international Visa/Mastercard
• Cross-border travel spending: Istanbul, Dubai, Seoul, Bangkok - all common Kazakh travel destinations
• Foreign subscriptions: SaaS tools, cloud services, international education platforms
• Dollar-denominated savings: Kaspi deposits yield 14-16% in KZT but inflation runs 10-12%, giving 2-4% real return. USDC at 6% APY on CoCa provides genuine dollar-denominated real yield.

Use Kaspi for domestic. Crypto card for international. This dual-track approach captures the best of both ecosystems.

Banking System: International Card Comparison

• Kaspi Bank: Kaspi Gold (domestic-only QR/contactless, up to 1.5% KZT cashback). Visa/Mastercard available but 2.5-3% FX markup.
• Halyk Bank (largest by assets, 600+ branches): Visa Infinite available for premium customers. 2-3% FX, KZT 10,000/year ($21.75) fee. Best international network among Kazakh banks.
• ForteBank: Visa Platinum with 2-3% FX, KZT 8,000/year ($17.40). Growing digital banking.
• Jusan Bank: Mastercard with 2.5% FX. Post-merger integration still ongoing.
• Bank CenterCredit: Visa/Mastercard with 3-4% FX. Conservative institution.

A crypto card saves 2-4% FX on every international transaction. At $400/month international spending ($4,800/year), that is $96-192/year in FX savings - before cashback.

Card Selection by Use Case

• Starter: KAST (2%, free, no-KYC). Zero commitment entry point.
• Stablecoin spending: RedotPay Solana (3%, USDC-native). Best rate among zero-fee options.
• Highest returns: CoCa (up to 8% + 6% APY). Dollar-denominated savings + spending.
• Tax deferral: ether.fi (3%, borrow-to-spend). Avoid 10% CGT on appreciated ETH.
• Premium travel: Crypto.com Jade (3% + lounges). Valuable at Almaty (ALA), Astana (NQZ), and transit through Istanbul (IST) and Dubai (DXB).
• Self-custody: MetaMask (1-3%). Wallet-based, no exchange dependency.

Break-Even Math

10% CGT on appreciated crypto. USDC funding eliminates disposal tax.

At $400/month (typical for an Almaty professional's international spending), KAST delivers $96/year in cashback plus approximately $120/year in FX savings versus Halyk Bank = $216/year total benefit.

Cost of Living by Area

• Almaty - Medeu/Bostandyk (KZT 350,000-800,000/month, $760-1,740): Kazakhstan's commercial capital. Esentai Mall (luxury, Chanel/Dior), Mega Almaty (IKEA, H&M), Dostyk Plaza. Excellent international card acceptance along Dostyk Avenue, Al-Farabi Avenue, and Abai Avenue. Magnum (100+ stores, Kazakhstan's largest chain), Small, Galmart for groceries. Medeu ice rink and Shymbulak ski resort draw tourism.
• Almaty - Zhetysu/Alatau (KZT 200,000-400,000/month, $435-870): Working-class residential. ADK mall. Good Kaspi QR acceptance, limited international cards at smaller shops.
• Astana - Yesil/Saryarka (KZT 300,000-650,000/month, $650-1,415): Capital city, government and corporate. Khan Shatyr (Norman Foster-designed entertainment center), Mega Silk Way. Strong card acceptance in government district. Ministry of Digital Development and AIFC are based here. Extreme continental climate (-30C winters) means indoor spending is dominant.
• Astana - outskirts (KZT 150,000-300,000/month, $325-650): New developments, growing suburbs. Mall acceptance good, but residential areas rely on Kaspi.
• Shymkent (KZT 150,000-350,000/month, $325-760): Third city, southern hub. Mega Planet mall. Growing economy. Limited international card acceptance outside malls.
• Aktau/Atyrau (KZT 300,000-700,000/month, $650-1,520): Caspian oil cities. High incomes from energy sector (Tengiz, Kashagan fields). International card acceptance at hotels and restaurants serving expatriate community.

Online Subscriptions: Where the Kaspi Gap Hurts Most

Kaspi Gold handles domestic payments flawlessly, but international digital services expose the Kaspi ecosystem's limitation. Netflix ($7-23/month), Spotify, YouTube Premium, Steam, PlayStation Store, Adobe Creative Cloud, Figma, AWS, Google Cloud, GitHub, ChatGPT Plus, Coursera, and dozens of SaaS tools all require international Visa/Mastercard payment. Kaspi's international card variant charges 2.5-3% FX on these USD-denominated subscriptions. Halyk Bank and ForteBank charge similarly.

For Kazakhstan's 170,000+ IT professionals using $200-500/month in SaaS tools (development environments, cloud hosting, design software, project management), the FX cost is $48-180/year before counting personal subscriptions. A crypto card at 0% FX eliminates this entirely. At 2% cashback from KAST, a developer spending $300/month on international subscriptions saves $108/year in FX plus earns $72/year in cashback = $180/year total benefit from subscriptions alone.

AliExpress (China-direct shipping popular in Kazakhstan for electronics and fashion), Wildberries (Russian marketplace with KZ presence), and Amazon (via Russian forwarding services or direct international shipping) add further international spending volume.

The Russian Tech Worker Migration

Post-2022, an estimated 100,000-200,000 Russian tech workers relocated to Kazakhstan (primarily Almaty), fleeing mobilization and sanctions. This wave expanded the tech-literate, crypto-aware professional class significantly. Many brought crypto holdings and are natural crypto card users. The migration also drove up Almaty's cost of living by 20-30% in central districts.

Cross-Border Spending

Kazakhstan's geographic position and growing economy drive significant cross-border spending:

• Istanbul: Kazakh Airlines, Air Astana, and Turkish Airlines connect daily. Shopping (Grand Bazaar, Istiklal Avenue), medical tourism, and business.
• Dubai: Major trade and tourism corridor. Electronics, gold, and fashion wholesale.
• Seoul: Growing cultural and economic ties. 25,000+ Kazakhstanis in South Korea.
• Bangkok/Bali: Emerging leisure destinations for the Almaty professional class.
• Moscow/St. Petersburg: Historical ties remain despite geopolitical shifts. Large Kazakh community.

Local Payment Infrastructure

Kaspi.kz dominates with QR payments, P2P transfers, and the Kaspi Gold card. Apple Pay and Google Pay work through Kaspi and international issuers. Visa/Mastercard are widely accepted at chain retailers, restaurants, hotels, and malls in Almaty and Astana. Green Bazaar (Almaty's central market) and other bazaars are primarily cash/Kaspi. Yandex Go and inDrive dominate ride-hailing. Outside Almaty and Astana, international card acceptance drops significantly - Kaspi and cash cover everything, but Visa/Mastercard are hit-or-miss.

Kazakhstan's AIFC-regulated framework provides a uniquely compliant exchange environment for Central Asia. Binance holds an AIFC license and operates with KZT fiat on-ramp - the most-used exchange in the country. AIFC-licensed DATFs provide regulated alternatives. Kaspi Bank offers limited crypto-adjacent services through partnerships. Binance P2P with KZT pairs handles additional volume.

KAST is the natural starting point for Kazakh users. The no-KYC tier provides instant access, and the 2% cashback delivers clean returns on every transaction. For Almaty's tech professionals - many of whom already hold crypto through AIFC-licensed exchanges - KAST is the shortest path from crypto to international spending power.

CoCa offers the highest combined return. Up to 8% cashback plus 6% APY on USDC holdings. Compare this to Kaspi's 14-16% KZT deposit rate: after 10-12% inflation, real KZT yield is 2-4%. CoCa's 6% dollar-denominated APY provides approximately 6% real yield. For savings accumulation, CoCa is superior to any domestic banking product.

ether.fi solves the tax problem for ETH holders. Kazakhstan's 10% CGT on disposal means spending appreciated crypto directly costs money. The borrow-to-spend model creates zero disposal events: deposit ETH as collateral, continue earning staking yield, borrow against it, spend via 3% cashback card. For Almaty's tech workers who accumulated ETH during 2020-2021, this is the optimal strategy.

Crypto.com appeals to the professional and energy-sector class. The Jade/Indigo tier (3% + lounges) is valuable at Almaty International (ALA) and Astana Nursultan Nazarbayev (NQZ) airports, plus transit through Istanbul IST and Dubai DXB. The $4,000 CRO stake is accessible for oil/gas professionals in Atyrau/Aktau earning $3,000-7,000/month.

RedotPay delivers 3% cashback from a Hong Kong-based issuer. The Solana variant suits stablecoin-native spending. Kazakh biometric passports are well-accepted by global issuers.

MetaMask serves the self-custody segment - wallet-based spending with no exchange dependency. Jupiter integrates with Solana DeFi. xPlace provides tiered rewards for building up cashback rates over time.

Kazakhstan's AIFC-regulated framework, Binance's licensed presence, world-class Kaspi digital payment culture, growing tech sector (boosted by Russian tech migration), and Central Asia's largest economy make it the region's most developed crypto card market. The dual-track model - Kaspi for domestic, crypto card for international - provides the best of both ecosystems.