How we handle your funds
We believe any crypto card you trust with real money should show you exactly where that money lives, who holds it, and what rules govern it. Here's the full Kripicard flow, from USDT deposit to Visa tap — no buzzwords.
The four-step fund flow
- 1
You top up with USDT
You send USDT on-chain (Solana, TRC-20, or ERC-20) to a deposit address that is unique to your account. Kripicard never asks for — and never has access to — your private keys, seed phrase, or any wallet you don't explicitly use to send funds.
Your wallet · Your keys - 2
A regulated partner converts USDT to fiat
The deposit is routed through a licensed crypto-to-fiat partner that converts USDT into the settlement currency. This step happens under the partner's regulatory framework — Kripicard facilitates it, but does not act as the exchange or money transmitter.
Licensed conversion partner - 3
An issuing bank holds the fiat balance
The converted fiat balance sits with the issuing bank or Banking-as-a-Service (BaaS) provider, under the safeguarding rules of that bank's jurisdiction. This is what backs your card's spendable balance.
Regulated bank · Safeguarded - 4
You spend over Visa rails
When you tap, enter a card number, or pay with Apple Pay / Google Pay, the transaction clears through Visa's global network to the merchant. Kripicard never sees the full card number or CVV — those live only in the PCI-DSS Level 1 processor.
Visa · PCI-DSS L1
Our non-negotiables
We never lend or rehypothecate
Your fiat balance is not loaned to third parties, not used for "yield," and not invested on our behalf. It exists to back your card until you spend it.
We are not a bank
Kripicard is a technology platform. Card issuance, custody, and settlement are performed by independent, regulated partners — they are the banks, we are the interface.
Every account is KYC-verified
We cannot legally operate without identity verification because our banking partners require it under AML and sanctions regulations. This also protects legitimate users from fraud rings.
Bank actions are outside our control
If an issuing bank freezes, holds, or closes a card for compliance reasons, we cannot override that decision — but we will fight in good faith on your behalf to unlock the funds.
If a bank freezes your funds
Because licensed banks — not Kripicard — hold the fiat balance backing your card, a bank can, at its discretion, freeze, hold, or confiscate a balance for AML, fraud, or regulatory reasons. When that happens:
- Kripicard is not legally liable for the frozen funds or any resulting loss.
- Kripicard will use commercially reasonable good-faith efforts to help you recover them — at no additional charge.
- We will liaise with the banking partner, relay your documentation, and follow up until the matter resolves.
- Recovery is never guaranteed, because the decision sits with the bank, not with us.
The full, binding language lives in the Terms & Conditions under "Third-Party Banking Partners & Frozen Funds."
Frequently asked
Is Kripicard a bank?+
Who actually holds my money?+
Can Kripicard use my balance for yield, lending, or investing?+
What happens if a bank freezes my card?+
How is my card data protected?+
Does Kripicard have my private keys?+
Is my fiat balance insured?+
Transparency is the feature
Read the binding legal version in our Terms, browse user reviews, or reach out through a verified support channel — whichever makes you most confident.
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