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Based Card

Updated: Sep 14, 2026

Based Card has now been integrated into Based Cash and is a Visa crypto debit card system launched by Based for crypto users worldwide. Users can deposit assets such as USDC, USDT, SOL, HYPE and BASED into Based Cash and convert them into fiat currency at payment for use at online and physical merchants that accept Visa. Current products are divided into Based Orange, HYPE and Based Gold levels, covering virtual-only cards, plastic physical cards and metal cards. Depending on the level, benefits include up to 4% $BASED cashback, Apple Pay / Google Pay, subscription reimbursements and different foreign exchange fees.
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Card network
Product type
Stablecoin payment card
Card form
Virtual card / Virtual + physical card / Virtual + metal card
Operating status
Active
KYC level
Full KYC
Commercial relationship
No commercial relationship
Risk score
80-89
Supported assets
USDTUSDCSOL
Last updated
Sep 14, 2026

Official and company information

Issuer identity and company credentials

Based is a crypto asset trading and spending platform operated by Singapore-based SHA2 LABS PTE. LTD., offering self-custodial wallets, Hyperliquid spot and perpetual futures trading, prediction markets, token staking, and crypto payment cards. The platform allows users to convert crypto assets to fiat for spending via the Based Visa Card, but public information does not clearly disclose the actual issuing bank, BIN sponsor, or licensed entity for the card program.
Visit website Application page
Company / issuer
Based / BasedApp
Legal name
SHA2 LABS PTE. LTD.
Registered region
Singapore (SG)
Headquarters
Singapore
Company type
Crypto exchange
Verification status
Verified
Issuer website
Official link
Application page
Application link

Card overview

Based, formerly BasedApp, is a Web3 finance app that combines a self-custody wallet, Hyperliquid on-chain trading, prediction markets, and real-world payments. The current operating entity is associated with SHA2 Labs Pte. Ltd., and the official app store clearly states that BasedApp is a fintech service, not a bank. Users' primary on-chain wallet is self-custodial, while funds transferred to Based Cash for card spending enter a dedicated card payment system. Based Cash currently offers three Visa card tiers. Orange is an entry-level virtual card with no staking requirement; HYPE requires staking 10,000 $BASED and offers a virtual card and a plastic physical card; Gold requires staking 100,000 $BASED and offers a virtual card and a metal physical card. HYPE and Gold provide 2% and 4% $BASED cashback on spending, respectively, and Gold further includes benefits such as streaming, OpenAI, Anthropic, and airport lounge access. Cards officially cover over 150 million Visa merchants.
Visa card experienceRegional availabilityTerms may change
Notice: No additional notice is available.

Usage scale & trends

Usage data is not available for this card yet. It will appear here when available.

Card variants and fee differences

Compare verified fee records across card forms and tiers

Drag or swipe anywhere in the table to view every card; labels stay fixed

Based Orange
Based HYPE
Based Gold
Card formVirtual cardVirtual + physical cardVirtual + metal card
Fees
Monthly fee—
Free
Free
No fixed monthly card fee
Card issuance fee—
Free
Staking eligibility replaces card issuance fee
Free
Free issuance if staking eligibility met
ATM fee———
Foreign exchange fee
2.5%
Foreign exchange markup on non-USD transactions
1.5%
Foreign exchange markup on non-USD transactions
Free
Gold tier exempt from FX markup
Top-up fee
Free
USDC and USDT top-ups are free
Free
USDC and USDT top-ups are free
Free
USDC and USDT top-ups are free
Failed transaction fee
Free
No failed transaction fee set
Free
Declined transactions are not charged separately
Free
Declined transactions are not charged separately
Rewards
Cashback———
Crypto cashback—
2%
Token cashback on qualifying purchases
4%
Token cashback on qualifying purchases
Staking rewards—
0 USD
Requires staking 10,000 BASED
0 USD
Requires staking 100,000 BASED
Staking APR———
Welcome bonus———
Referral bonus———
Limits
Daily spending limit
3,000 SGD
Standard card default daily spending limit
3,000 SGD
Standard card default daily spending limit
—
Monthly spending limit———
ATM withdrawal limit———
Card network
Drag horizontally to view other cards

Fees may vary by region, card tier, and official policy. Verify the latest official terms.

Regions and language support

Application status based on public sources, official policy, and user reports. This is not application advice.

Available regions

Applications or normal card activation are supported

160
PanamaPAPeruPEFalkland Islands (Islas Malvinas)FKHungaryHUMonacoMCNiueNUEl SalvadorSVRomaniaROTunisiaTNMexicoMXQatarQANew CaledoniaNCTurkmenistanTMMoldovaMDAmerican SamoaASLatviaLVMaldivesMVLithuaniaLTPhilippinesPHGreeceGRArubaAWGhanaGHAustraliaAUPitcairn IslandsPNSouth KoreaKRChristmas IslandCXItalyITSwitzerlandCHNamibiaNAMauritiusMUU.S. Virgin IslandsVIComorosKMAntigua & BarbudaAGKyrgyzstanKGJerseyJEGibraltarGIÅland IslandsAXCocos (Keeling) IslandsCCParaguayPYFijiFJNorwayNOBahamasBSUruguayUYVietnamVNMontserratMSBritish Virgin IslandsVGMongoliaMNArmeniaAMAngolaAOAndorraADThailandTHTajikistanTJCzechiaCZGermanyDEColombiaCOBoliviaBODjiboutiDJDenmarkDKMalaysiaMYFinlandFIRwandaRWUzbekistanUZBelgiumBESurinameSRSamoaWSDominican RepublicDOBahrainBHGuamGUMaltaMTCook IslandsCKSri LankaLKAustriaATSan MarinoSMSint MaartenSXLiechtensteinLISão Tomé & PríncipeSTVatican CityVAIcelandISMartiniqueMQUnited KingdomGBKazakhstanKZCape VerdeCVNetherlandsNLSaudi ArabiaSAEstoniaEEKuwaitKWSt. Vincent & GrenadinesVCTimor-LesteTLNorthern Mariana IslandsMPCayman IslandsKYFaroe IslandsFOFrench PolynesiaPFEswatiniSZCosta RicaCRIsle of ManIMLuxembourgLUGuadeloupeGPZambiaZMLaosLANew ZealandNZGabonGANorfolk IslandNFBeninBJSt. LuciaLCAnguillaAISt. BarthélemyBLSpainESTuvaluTVArgentinaARFrench GuianaGFSerbiaRSGuernseyGGIrelandIEPortugalPTDominicaDMMauritaniaMRSt. Kitts & NevisKNKiribatiKIMalawiMWRéunionREChadTDSlovakiaSKBelizeBZTaiwanTWSvalbard & Jan MayenSJHong KongHKPolandPLFranceFRUnited Arab EmiratesAEMicronesiaFMSwedenSEPuerto RicoPRTokelauTKSierra LeoneSLBrazilBRGuyanaGYAzerbaijanAZSt. MartinMFGreenlandGLGeorgiaGELesothoLSGuatemalaGTBermudaBMCuraçaoCWMarshall IslandsMHPalauPWHondurasHNNauruNRJapanJPMontenegroMEMacaoMOCroatiaHRBulgariaBGCôte d’IvoireCIEgyptEGOmanOMBruneiBNMayotteYTCyprusCYWallis & FutunaWF
Evidence
Officially supported

Unsupported or restricted regions

Applications or features are unavailable or restricted

74
CubaCUBangladeshBDLibyaLYLiberiaLRSeychellesSCEcuadorECBurundiBIEquatorial GuineaGQSolomon IslandsSBBotswanaBWSomaliaSOTrinidad & TobagoTTGuineaGNCameroonCMLebanonLBMyanmar (Burma)MMCentral African RepublicCFIraqIQCanadaCAUgandaUGNepalNPSudanSDRussiaRUAlbaniaALAlgeriaDZGuinea-BissauGWEritreaERBurkina FasoBFSyriaSYYemenYEEthiopiaETSingaporeSGKenyaKECambodiaKHBhutanBTVenezuelaVESouth SudanSSMadagascarMGMaliMLVanuatuVUTogoTGBosnia & HerzegovinaBANigeriaNGPapua New GuineaPGJamaicaJMUnited StatesUSTongaTOAfghanistanAFIndonesiaIDTurks & Caicos IslandsTCJordanJOZimbabweZWIsraelILIndiaINGambiaGMUkraineUATürkiyeTRMozambiqueMZBelarusBYNorth MacedoniaMKIranIRMoroccoMAGrenadaGDHaitiHTChileCLTanzaniaTZNorth KoreaKPChinaCNWestern SaharaEHPakistanPKBarbadosBBSenegalSNSloveniaSISouth AfricaZA
Evidence
Officially restricted

Unconfirmed regions

Evidence is insufficient

0

No records

Evidence
Public sources

Availability in English-Speaking Markets

1. United States：Cannot apply，Can use，U.S. residents are explicitly excluded from current Based Card issuance, but an eligible card issued to a resident of a supported country can still be used in the United States.
2. United Kingdom：Can apply，Can use，UK residents are within the current card coverage and can apply after completing KYC with an accepted government-issued photo ID.
3. Canada：Cannot apply，Can use，Canada is explicitly excluded from current card issuance, but cards issued to eligible residents elsewhere can still be used locally.
4. Australia：Can apply，Can use，Australian residents are within the current issuance coverage and can apply after completing the required identity verification.
5. South Africa：Cannot apply，Can use，South Africa is explicitly listed as a restricted issuance country, while eligible cards issued in supported jurisdictions can still be used there.
6. New Zealand：Can apply，Can use，New Zealand residents are within the current card coverage and can apply after passing Based’s required KYC review.
7. Ireland：Can apply，Can use，Irish residents are eligible under the current worldwide issuance program and must complete identity verification before the card is issued.

Updated: Sep 14, 2026

Policies may change at any time. Verify the latest issuer policy.

KYC requirements

Current identity-verification requirements and restrictions

KYC required

YesRequired

KYC level

Full KYCRequirement confirmed

Proof of address

YesRequired

Accepted documents

Passport / National ID card

Review time / regional limits

Automatic identity review is faster; when entering manual compliance review, it may take about three days.

KYC provider

Sumsub

Updated

Aug 10, 2026

Payment compatibility

Support status and update date by payment scenario · Actual availability may vary by region, merchant, and issuer policy

Compatibility overview12 scenarios
Supported9
Not supported3
UpdatedAug 10, 2026

Wallet payments

Alipay

Not supported

Aug 10, 2026

Wallet payments

Apple Pay

Supported

Aug 10, 2026

Cash services

ATM withdrawal

Supported

Aug 10, 2026

AI tools

ChatGPT

Supported

Aug 10, 2026

AI tools

Claude

Supported

Aug 10, 2026

Wallet payments

Google Pay

Supported

Aug 10, 2026

AI tools

Midjourney

Supported

Aug 10, 2026

In-person payments

Offline POS

Supported

Aug 10, 2026

Online shopping

Online shopping

Supported

Aug 10, 2026

Wallet payments

PayPal

Not supported

Aug 10, 2026

Subscriptions

Subscription payment

Supported

Aug 10, 2026

Wallet payments

WeChat Pay

Not supported

Aug 10, 2026

Review

Read the editorial review, its verdict and latest update.

No review yet

No review has been published for this card. Published reviews appear here.

User reviews

Showing 10 approved reviews matched to this card

Newest first
Luke Keagygoogle_play★ 5 / 5

BasedApp | Trade & Spend Google Play review - 5 star

*Update: I've used only this app for my personal finances for 5 months now. Not a single freeze, not a single lag, every page loads quickly, trades execute instantly. Didn't have to deposit money?? Some of these reviews are pure lies. I see reviews saying laggy and slow, I haven't had any issues at all. I shorted a few alts and bought some on spot. I also have a card with 4% cash back coming and I haven't been excited for a card before. App has live support which is a new one to me as well.
View original
mahdi jangoogle_play★ 5 / 5

BasedApp | Trade & Spend Google Play review - 5 star

the best App in Defi sector
View original
Bholagoogle_play★ 5 / 5

BasedApp | Trade & Spend Google Play review - 5 star

The best trading and prediction app
View original
Mohammadullah Siamgoogle_play★ 5 / 5

BasedApp | Trade & Spend Google Play review - 5 star

nice app
View original
asif khangoogle_play★ 5 / 5

BasedApp | Trade & Spend Google Play review - 5 star

I used this app for trading main system work good and easy
View original
Paulina from cryptonoshi.comtrustpilot★ 3 / 5

Mediocre support

..this review is only about the Cash Card side of Based. I didn't test the trading part. 11M in funding and support is pretty sad. Where did the money go, lol. To get cashback on card spend or lower fx fees, you will need to stake some $BASED token, either ~800 USD worth or ~8,000 USD worth. But the benefits aren't that amazing. Cashback is capped at $20-100 per month even with that much staking. The Good: - Built on Hyperliquid, great if you're a non-custodial trader - Crypto-to-USD conversion cost is ~1%, which is good comparing to the average of ~1.6% with other cards - 170+ countries supported - $11.5M Series A raised in Feb 2026 - strong beginnings The Bad: - No Apple Pay - ATM Withdrawals not Enabled - Monthly cashback caps are tiny
View original
Azlan Mgoogle_play★ 5 / 5

BasedApp | Trade & Spend Google Play review - 5 star

best app
View original
Stanley Nelsongoogle_play★ 5 / 5

BasedApp | Trade & Spend Google Play review - 5 star

outstanding app
View original
z frostgoogle_play★ 5 / 5

BasedApp | Trade & Spend Google Play review - 5 star

work perfectly on me , I'm start using this for trade and my staking
View original

Risk factors

Updated: Aug 10, 2026

No risk factors are available

Frequently asked questions

Answers drawn from the published record on this page.

Does Based Card require KYC?

Our record lists the Based Card verification requirement as: Full KYC. Document and review details are in the KYC section of this page.

Does Based Card support Apple Pay and Google Pay?

Apple Pay: Supported. Google Pay: Supported.

Which assets can I top up Based Card with?

Our record lists Based Card support for: USDT, USDC, and SOL.

Is Based Card a virtual or a physical card?

Based Card is offered as: Virtual card, Virtual + physical card, and Virtual + metal card.

Where is Based Card available?

Our record lists 160 countries or regions as available and 74 as restricted. Country-by-country status is in the regions section of this page.

Who issues Based Card?

Based Card is operated by Based / BasedApp on the Visa network.