prepaidvirtual Visa KYC: ID Verification Available in India

Kolo Card

Name: Kolo Card
Brand: Kolo
Availability: InStock

by Kolo

Non-custodial virtual Visa with BTC cashback for global spenders

8.3

/ 10

Overall

Very good

Editor score

Get this card → Official site

Affiliate disclosure: Some links on this page are affiliate links. If you sign up through them we may earn a commission at no extra cost to you. This does not influence our rankings or scores.

Overview

Kolo is one of the better self-custodial spending cards. It uses a non-custodial MPC wallet, so funds stay under your control until you spend, and it charges no monthly or issuance fees. Cashback is 2% in BTC for the first 30 days and 1% after, with per-transaction and monthly caps. The big limitation right now is that it is virtual-only — physical cards are not shipped — plus a 1% card-spend conversion fee and Visa FX pass-throughs on non-USD spend.

Key facts

Card type: Prepaid, Virtual
Card network: Visa
Custody: Non-custodial (MPC)
Cashback: 2% BTC for first 30 days, then 1% BTC
Referral bonus: —
Apple Pay: Yes
Google Pay: Yes

Unique features

Non-custodial MPC wallet with card spending
Visa Platinum virtual card
Telegram-integrated wallet features

India availability

Kolo advertises global availability outside sanctioned regions, and non-custodial spending appeals to Indian users who do not want to leave funds on an exchange. It is virtual-only and funded with crypto, so there is no INR top-up. Confirm India eligibility and any Visa FX costs during signup.

Available in India

Yes

INR top-up

Indian KYC accepted

Yes

Ships to India

Best for Indian users

Indian crypto holders who value self-custody and want a virtual Visa with BTC cashback.

Kolo advertises global availability outside sanctioned regions, which includes India — confirm during signup as lists change.
There is no INR top-up; fund the card with crypto (BTC, ETH, USDC, USDT, SOL).
Kolo is virtual-only right now, so there is no physical card to ship to India.
Tax note: spending crypto can be a taxable disposal of a Virtual Digital Asset in India (30% plus surcharge and cess, with 1% TDS in some cases). Informational only — consult a chartered accountant.

Pros & cons

Pros

Non-custodial MPC wallet — you keep control of funds until spend
No monthly, issuance, shipping or inactivity fees
2% BTC cashback for the first 30 days, then 1% BTC
Instant virtual card issuance
Supports major cryptocurrencies and Apple/Google Pay

Cons

Virtual only — physical cards not shipped yet (planned)
1% crypto-to-fiat conversion fee on card spend
Visa FX surcharges apply when payment currency differs from settlement
Not available in the US
Cashback caps limit total rewards

Fees

Kolo Card fee structure
Monthly fee	Free
Annual fee	Free
Virtual card issuance	Free
Physical card issuance	Not available
Crypto-to-fiat conversion	1%
FX / foreign-currency fee	Visa FX pass-through (varies)
ATM fee	$1.00 + 0.65%
Top-up fee	Free
Shipping	Not applicable (virtual only)
Replacement	Free
Inactivity fee	None

No monthly, issuance, shipping or inactivity fees. Card-spend crypto conversion is 1%. USD card spend at non-US merchants adds a 1% issuer fee on top of conversion, and Visa FX applies when the payment currency differs. ATM is $1.00 + 0.65% per withdrawal (max $500, 3 per rolling 24h). Physical cards are not currently shipped.

Limits

Per transaction

Region-dependent

Daily spend

Region-dependent

Monthly spend

Region-dependent

ATM withdrawal

$500 per withdrawal, 3 per rolling 24h

Card formats

Virtual Card

Available

Issuance: Free
Shipping: Instant digital issuance

Physical Card

Unavailable

Material: —
Issuance: —
Shipping: Not shipped yet

KYC requirements

Level 3 of 4 — ID Verification

Kolo Card KYC requirements
Email verification	Required
Phone verification	Required
Identity document	Required
Proof of address	Not Required
Selfie verification	Not Required

Integrations & tech

Apple Pay

Google Pay

iOS app

Android app

IBAN support

Debit mode

Credit mode

Supported crypto

Tokens

BTC ETH USDC USDT SOL

Chains / networks

Ethereum Polygon Solana Arbitrum

Scores

Editor score

How we rate — see our methodology.

KYC simplicity 8.0

Fee efficiency 9.0

Reward value 7.5

App experience 8.0

Privacy 8.0

Support quality 6.5

Community score

7.7 / 10

Based on 28 cited sources

Sources

Perks & benefits

Self-custodial spending — funds stay in your wallet until the moment of spend
BTC cashback paid daily for cleared transactions
Apple Pay and Google Pay support

Rewards program details

2% BTC for the first 30 days, then 1% BTC. Caps: $2/€2 per transaction during the 2% period, $1/€1 per transaction during the 1% period, and $100/€100 per month. Cashback is paid daily for transactions that cleared the previous day.

Exclusions

ATM withdrawals and some transaction types may not earn cashback
Physical cards not currently available

Frequently asked questions

Is the Kolo Card available in India?

Kolo states global availability outside sanctioned regions, which includes India. Confirm eligibility during signup as country lists can change.

Can I top up Kolo with INR?

No. Kolo is funded with crypto such as BTC, ETH, USDC, USDT or SOL. There is no direct INR top-up.

Does Kolo offer a physical card?

Not yet. Kolo is virtual-only at the moment; physical cards have been indicated as planned. The virtual card can be added to Apple Pay and Google Pay.

How does Kolo cashback work?

You earn 2% in BTC for the first 30 days, then 1% in BTC. Caps apply: $2/€2 per transaction during the 2% period, $1/€1 during the 1% period, and $100/€100 per month.