prepaidvirtualphysical VisaMastercard KYC: ID Verification Available in India

Pionex Card

Name: Pionex Card
Brand: Pionex
Availability: InStock

by Pionex

Virtual Visa or Mastercard spending USDT with 1% cashback and no annual fees

7.6

/ 10

Overall

Very good

Editor score

Get this card → Official site

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Overview

The Pionex Card is a custodial virtual Visa or Mastercard funded with USDT from your Pionex account. It has no issuance or annual fees, pays 1% USDT cashback, and the 1% cashback roughly offsets the 1% FX fee on non-USD spend. It supports Apple Pay, Google Pay and other wallets, with physical cards available on request. The trade-offs are custodial custody, a USDT-only card balance, and virtual cards that cannot be used at ATMs.

Key facts

Card type: Prepaid, Virtual, Physical
Card network: Visa, Mastercard
Custody: Custodial (Pionex account)
Cashback: 1% USDT cashback (offsets the 1% FX fee on non-USD spend)
Apple Pay: Yes
Google Pay: Yes

Unique features

1% cashback that cancels out the 1% FX fee
Virtual Visa or Mastercard with wallet support
Auto-transfer top-ups from your Pionex account

India availability

India is not on Pionex's unsupported phone-registration and KYC list — Pionex explicitly cites India as eligible for registration and identity verification. Card approval is confirmed separately inside the Pionex app (Wallet → Card), so availability should be treated as 'confirm in-app'. There is no INR top-up: the card is funded with USDT.

Available in India

Yes

INR top-up

Indian KYC accepted

Yes

Ships to India

Best for Indian users

Indian Pionex users who hold USDT and want a low-fee virtual card for international online spending and subscriptions.

India is not on Pionex's unsupported phone-registration and KYC list, so registration and identity verification may be available to Indian users.
Card approval is confirmed separately inside the Pionex app (Wallet → Card); KYC availability alone does not guarantee approval — confirm in-app.
There is no INR top-up — the card is funded with USDT from your Pionex account.
The virtual card cannot be used at ATMs; physical cards are available on request and physical-card availability depends on the country.
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

No issuance or annual fees
1% USDT cashback, offsetting the 1% FX fee on non-USD spend
USD spend has no FX fee (USD and USDT at 1:1)
Supports Apple Pay, Google Pay, Alipay, WeChat Pay and PayPal
Physical card available on request
Flexible Earn yield on balances

Cons

Custodial — funds sit in a separate USDT card balance on Pionex
USDT-only card funding
Virtual card cannot be used at ATMs
1% FX fee on non-USD spend
Card approval is confirmed in-app and not guaranteed by KYC alone

Fees

Pionex Card fee structure
Monthly fee	Free
Annual fee	Free
Virtual card issuance	Free
Physical card issuance	On request
Crypto-to-fiat conversion	None (USDT 1:1 with USD)
FX / foreign-currency fee	1%
ATM fee	2% (physical card only)
Top-up fee	Free
Shipping	Varies
Inactivity fee	None

No issuance or annual fees. Non-USD spend carries a 1% FX fee, offset by 1% USDT cashback on eligible purchases. USD spend has no FX fee (USD and USDT are treated 1:1). ATM withdrawals are only available on an eligible physical card, at about 2%. Confirm current fees in the Pionex app.

Limits

Per transaction

$10,000

Daily spend

$10,000

Monthly spend

$50,000

ATM withdrawal

$3,000 daily / $7,000 monthly (physical)

Card formats

Virtual Card

Available

Issuance: Free
Shipping: Instant digital issuance

Physical Card

Available

Material: Plastic
Issuance: On request via Pionex Pay
Shipping: Varies by country
Replacement: —

KYC requirements

Level 3 of 4 — ID Verification

Pionex 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

USDT

Chains / networks

Tron Ethereum BSC

Scores

Editor score

How we rate — see our methodology.

KYC simplicity 7.0

Fee efficiency 8.5

Reward value 6.5

App experience 7.5

Privacy 5.0

Support quality 6.5

Community score

6.8 / 10

Based on 4 cited sources

Sources

Perks & benefits

1% USDT cashback on eligible purchases
Apple Pay, Google Pay, Alipay, WeChat Pay and PayPal support
Auto-transfer top-ups from your Pionex account
Freeze and unfreeze the card in the app

Rewards program details

1% USDT cashback on eligible purchases. Cashback offsets the 1% FX fee on non-USD spend. ATM withdrawals, refunds and some merchant categories are excluded.

Exclusions

Virtual cards cannot withdraw at ATMs
Payments to merchants registered in restricted countries are blocked
Certain merchant categories are restricted per Visa/Mastercard notices

Frequently asked questions

Is the Pionex Card available in India?

India is not on Pionex's unsupported phone-registration and KYC list, so registration and verification may be available. Card approval is confirmed separately inside the Pionex app (Wallet → Card), so confirm eligibility there before applying.

Can I top up the Pionex Card with INR?

No. The Pionex Card is funded with USDT from your Pionex account into a separate card balance. There is no direct INR top-up.

How does Pionex Card cashback work?

Eligible purchases earn 1% USDT cashback. On non-USD spend the 1% FX fee is effectively offset by the 1% cashback, and USD spend has no FX fee because USD and USDT are treated 1:1.

Can I withdraw cash with the Pionex Card?

The virtual card cannot be used at ATMs. An eligible physical card can be used at ATMs, at about 2%, with limits of roughly $3,000 daily and $7,000 monthly.