2fiat.com - KYC-free virtual prepaid mastercard paid with crypto

General
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I came across this on X the other day:

One person on X who I’d be inclined to trust said it was working for them. On the other hand, the website seems fairly low on details and I notice that they don’t seem to mention their fees, which feels a bit sketchy.

The attraction here is that this is potentially a KYC-free Mastercard (so widely accepted with no fuss) which is available to those of us outside the US.

From memory - I can’t find the post where someone mentioned them - I think their fees are:

  • $30 to get the card
  • 6% on top ups
  • $0.70 per transaction
  • 2.5% on non-USD transactions

This is way too much for me, but it’s still interesting. I’ve love to be wrong about these fees. Take them with a pinch of salt.

Any thoughts? Is this just too good to be true? I’ve seen semi-credible claims that there is no way on earth anyone could issue a truly KYC-free Visa or Mastercard, but I’m definitely no expert on this stuff.

I don’t need this badly enough to be willing to pay these fees. I’d be willing to pay something for such a card, but not this much. I’d personally use it only for the rare occasions when I’m buying something in person (so no identifying things like a delivery address) and they won’t take cash and I’d reluctantly agree to pay with my regular credit card rather than just walk away.

1 Like
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I’ve used 2fiat and can confirm it works. I initially transferred $50 USDT and the transaction never confirmed. After a strange exchange with their support, they “found” my deposit and issued my card loaded with $20 USD, so the issuance and load fee was essentially $30. Only drawback (apart from the fees) is the card is issued in Hong Kong so there is a transaction fee every time you make a purchase.

Alternatives you could try are privacy.com or halocard.co. Both require some form of KYC (the cost of participating in a centralized economy I guess) but the latter is a credit card issued directly by Visa, without any bank involved.

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This is exorbitantly expensive indeed. Hard pass. I would have to be in an extreme circumstance to be willing to pay that much for a VCC.