The card is real, the numbers are Brazilian, and the fee table is missing

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

Bipa is a Brazilian crypto card that behaves less like a bank card than like a prepaid account with a Mastercard attached to it. You load it, you spend it, and the interesting part is that the money you keep as a guarantee earns a Bitcoin reward while it sits there. On paper that is an appealing package. In practice, a striking share of what you would want to know is not on the public pages at all: the foreign-exchange fee is not disclosed, ATM fees are not disclosed, the daily and monthly limits are not disclosed, and the eligibility rules are not stated.

That last point is the one to weigh first. The score I put on this card is 5.9 out of 10, and the single biggest reason it is not higher is who it is for. The company is Brazilian, the plans are priced in reais, and the credit line runs on Brazilian risk criteria. Everything else on this page is written on the assumption that you are a Brazilian resident deciding whether to use a Brazilian product. If you are anywhere else, this is not your card, and no amount of good terms would change that.

The conditions described here are current as of October 28, 2026.

Verdict: 5.9 out of 10

The total is not a rounding of “fine” or “avoid.” It is the sum of six criteria, and the shape of that sum tells you more than the number does. Three of the six marks are 8, one is 7, one is 6, and one is 2. That 2 is who can get the card. A card that scores 8 on top-up options and 8 on reliability can still be wrong for you purely because of where you live.

Who this suits: Brazilian residents who want Bitcoin cashback in reais, who are comfortable topping up over Pix or on-chain, and who will read the tariff table themselves before committing to a plan. Who it does not suit: anyone outside Brazil, anyone who needs a published foreign-exchange rate before they travel, and anyone whose main reason for wanting a card is that they have been turned away by ordinary banks — this card does not resolve that problem, because it is issued by a regulated Brazilian institution on Brazilian terms.

Will they give you the card?

Not stated. That is the honest answer, and it is the answer that should make you pause rather than click through. The public pages do not publish eligibility criteria: not a country list, not a residence test, not a citizenship rule, not a document list beyond the sign-up selfie and ID, and not a processing time.

What is stated points firmly at Brazil. The company is Brazilian. The plans are priced in reais. The credit line is based on Brazilian risk criteria. That is a coherent picture of a Brazilian product, and it is the picture a reader should hold in mind: this is not a card with a global sign-up form and a list of excluded countries, it is a Brazilian card with Brazilian risk rules.

Two further facts from the same area matter if you are weighing this at all. The card issuance, use, guarantee and disputes are governed exclusively by the Card Terms, and those terms were not read for this review. So the boundaries of what the card does with your money sit in a document that is not summarised anywhere on the pages I checked. And separately, Bipa may request updated registration data periodically, which means verification is not a one-time gate you pass and forget.

The pattern to recognise here is normal for the category and worth internalising before you read any crypto card at all. Prepaid and debit cards are generally available to adults aged 18 or over, some issuers set higher limits, and Bipa states that adults only can apply with credit approval depending on prior analysis. If you are under 18, this is already over.

How to get it

The route the card describes is straightforward: sign up, send a selfie and a document, and expect to be asked for more later. Beyond that, the published detail thins out fast, and I would rather tell you where it is thin than pretend otherwise.

Here is what is on the public record, and what is not:

• Sign-up documents: a selfie plus a document are sent at sign-up. Accepted documents are not stated on the page read.
• Ongoing checks: Bipa may request updated registration data periodically. Stark Bank and Bipa may verify your data at any time.
• False information: false information can lead to suspension and card cancellation. This is stated plainly and is the one piece of the process the card is emphatic about.
• Verification levels and processing time: not stated.
• Credit approval: depends on prior analysis, so a credit line is not a given even after a clean sign-up.

The card itself is a Mastercard, and the product is layered rather than singular. There are two shapes of it: a prepaid card, which draws on a stored balance, and a credit card called Bipa Crédito, which lets you buy Bitcoin on credit in up to 3 instalments. There is a virtual card and a physical card, and the virtual version is worth understanding precisely because the prepaid limit can be “enabled in crypto” — that is, the money behind your virtual card can be crypto rather than reais.

On the physical card, the one number I would look for first is the tier: the physical card is free on Pro and Max, and carries a fee on Free and Plus, with the amount not stated. Delivery time is “per the periods informed by support channels”, which is not a figure. A Brazilian address is implied but not stated as a requirement.

Notice what that table does and does not buy you. Free and Plus sit in the Gold tier and carry the same support level, differing in fee and in cashback. Pro and Max move you up the tier ladder, and Max is the only plan with a named concierge channel. Whether that is worth R$99.90 a month depends entirely on how much you would spend and how much you value WhatsApp access to a human.

Fees and what a payment really costs

The costs table has one reassuring row and several blank ones. Plan fees are published to the cent. The physical-card fee on the two cheaper plans is not. The foreign-exchange rate you get is not. The ATM charge is not. The daily, weekly and monthly limits are not. That is the honest shape of it.

Three everyday payments, so the abstractions become concrete:

A coffee in reais. This is the easy case. No conversion, no foreign exchange, no ATM. What applies is your monthly plan fee if you are on one, and nothing else that the pages disclose. On the Free plan at R$0, the direct cost of spending is zero as far as anything published goes.

A subscription bought in dollars from a Brazilian merchant. Now the foreign-exchange language bites. The rate “may be higher or lower than the BCB average rate” — that is, not a disclosed markup but an unfixed spread relative to a published reference. You are told a relationship exists and not told its size, so you cannot compute the cost in advance. Taxes on remittance abroad are your own responsibility, and the IOF rate is not named in the card terms. Fees otherwise follow the Tabela de Tarifas and your plan, with amounts not listed.

Withdrawing cash from an ATM abroad. Two unknowns stack here: the ATM fee, which follows the tariff table and your plan without published amounts, and a daily, weekly or monthly ATM limit that “may be imposed” without a figure. You cannot answer “what will this cost me” or “how much can I take out” from the public pages. Both answers live in the Tabela de Tarifas.

One constraint on foreign spending is stated clearly enough to plan around: foreign use is limited to travel and personal expenses, and in credit mode only. That is a narrower permission than many cardholders assume, and if you are reading this hoping to pay foreign invoices from a crypto balance, it is worth confirming with support before you assume otherwise.

There is also a credit-limit mechanic that works against you in an unusual way. Raising the credit limit requires an extra deposit and enabling of the guarantee, Bipa may set a maximum per active plan and review limits periodically, and merchants may set their own minimum and maximum amounts. So the ceiling on your credit line is not one number; it is a function of your plan, your deposit, and the shop.

Top up options, and how to top up

The top-up side is the strongest part of the card, and it is worth being concrete about which networks to send on, because this is exactly where money gets lost.

• Pix — native, and the obvious default for a Brazilian card.
• Bitcoin — on-chain or Lightning.
• USDT — via Ethereum (ERC-20) or Polygon only. Solana is not accepted for USDT.
• USDC, SOL, XRP, ETH — networks also listed.
• Cofrinho — a minimum of R$50.

The Solana point is the one to sit with. Solana is listed in the asset list, but USDT specifically is accepted on Ethereum and Polygon only. Blockchain transfers are irreversible, so a deposit sent on a network the provider does not support, or to an address belonging to another network, can be lost or need manual recovery with no guarantee. If you hold USDT mainly on Solana, you are holding it in the wrong place for this card.

Two mechanics of the balance are worth understanding. First, the prepaid card limit may be enabled in crypto, settled under clause 5.9 of the Card Terms; the credit card, by contrast, is backed by reais kept as collateral or guarantee. Those are two different funding philosophies sharing one card number: one spends what you loaded, the other borrows against what you set aside. Second, plan fees are debited from the prepaid limit or from your reais balance, so a plan fee can quietly consume the balance you are spending from.

On withdrawal and closing, Bipa may deduct amounts owed from the available balance upon cancellation. Note that cancelling the card does not cancel the subscription, so the monthly fee may continue until the subscription is dealt with separately. Support is Portuguese only, in-app, via the Help Center, social media, or [email protected].

Paying with it every day

Day to day, the card does the ordinary things. Mastercard prepaid and credit, virtual and physical. The virtual card is the one that suits phones, and its prepaid limit can be enabled in crypto, which is unusual enough to be interesting.

The digital-wallet line is where a small disappointment sits. The card “may be enabled in digital wallets according to eligibility”, and Apple Pay and Google Pay are not named. If adding the card to your phone wallet is part of how you imagine using it, this is a question for support rather than an assumption to make. There is a related limit on where it works at all: some transactions classified MoneySend by the processor are blocked, and no blocked merchant-category list is published.

Let me give you the category background once, so the rest of this section makes sense. A merchant category code is a four-digit number classifying a business by goods or services, specified in ISO 18245 and assigned when a business starts accepting cards. MCC 7995 covers gambling — casinos, betting, lotteries — and many issuers block it on specific cards by policy rather than by law, with the blocked list varying by issuer. So when a card says certain transactions are blocked, that is usually a merchant-code policy decision, not a rule about your conduct. And a card number itself carries its country: the number starts with a six- or eight-digit issuer identification that any merchant can look up, which is why a Brazilian card can look “foreign” to a shop elsewhere and attract extra scrutiny.

The reward structure is the reason many people look at Bipa at all, and it has two separate parts.

Satsback is Bitcoin returned on card purchases, with crypto bought with the card excluded. Free 0%, Plus 0.5%, Pro 1%, Max 1.5%. Credit-card rewards post after the invoice is paid; prepaid rewards post after settlement. The timing difference—on the credit side you wait for the invoice—is a consideration if the reward is part of why the subscription pays for itself.

The collateral reward is separate and is the more interesting mechanic: Bitcoin paid on reais you keep as guarantee. Free 75% of CDI; Plus 100% of CDI up to R$3,000 and 90% above that; Pro 110% up to R$5,000 and 100% above; Max 115% up to R$5,000 and 100% above. It requires an active card. So the way to read this is that keeping a guarantee balance is itself remunerated, and the highest headline percentage (Max, 115% of CDI) stops at R$5,000.

One behavioural note that applies wherever you use this card: a declined authorisation may leave a hold on your funds that can remain for several days, typically up to 7. That is a common trap with prepaid structures and it is worth knowing before your first failed hotel authorisation costs you a week’s worth of balance.

On the app and the numbers behind the reputation: the company claims an App Store rating of 4.8 and a Google Play rating of 4.7 from 20,000+ ratings, with 300,000+ downloads. Those are company claims, read on 2026-10-20, not independently verified figures.

What can go wrong

Disputes have a clock on them, and it is short. Unrecognised transactions must be reported within 5 days of the transaction. Then Stark Bank does a preliminary analysis, and the final analysis happens “within the period defined by Stark Bank” — with no days stated. There is a 7-day right of withdrawal for online purchases. Bipa does not assume responsibility for the dispute outcome, and a chargeback reverses the Satsback. That combination is worth reading twice: report within five days, wait an unspecified period, accept that the outcome is not Bipa’s responsibility, and lose the cashback on the reversed payment.

Security has a clear shape. The issuer is Stark Bank. Three wrong PIN attempts block the card, and you unlock it in the app. You report loss or theft to support to block it. Both Bipa and Stark Bank “nunca solicitam” — never request — passwords. And there is a responsibility boundary you should know before an incident: Bipa answers for third-party misuse only after the block has been requested. Custody and insurance are not stated.

On complaints, the picture is unusually clean, and I want to be precise about why. A dedicated search for Bipa card complaints on Reclame Aqui and Trustpilot found no pages about Bipa on either platform. Absence of a complaint page is not the same as absence of complaints — a young Brazilian product may simply not have accumulated them, and Reclame Aqui is a Brazilian platform where a serious problem would usually surface. Separately, the company claims a 4.8 rating from 26,000+ reviews; that is marketing and unverified.

The company details, for anyone who wants to check them independently: Bipa Intermediação de Ativos Digitais LTDA, CNPJ 37.008.710/0001-78, founded 2020 in Brazil, described as both a payment institution and a virtual asset service provider, regulated by the Central Bank of Brazil — that regulation being a company claim. The card issuer is Stark Bank (“responsavel pela emissao dos Cartoes BIPA”). Plans are offered with BIPA Instituicao de Pagamento Ltda, CNPJ 40.910.463/0001-05. There is a R$17 million funding round from Ego Death Capital, reported undated on the company’s own page. The card issuer and BIN sponsor are not named. No dated events were found.

Support is Portuguese only, which is a practical fact for anyone who does not read it. In-app chat sits under profile > “Ajuda e suporte”; the Help Center offers chat and a form with a reply promised within 24 business hours; there are social media channels and the email [email protected]. Hours are Monday to Friday 09h–21h and Saturday to Sunday 09h–15h, time zone not stated.

What to take instead

If the reason you are here is that ordinary banks have been difficult, it is worth knowing that there are four alternatives in this comparison, and the one that fits you depends almost entirely on your country — which is the opposite of Bipa’s situation. Here is the shape of them:

Nexo scores 6.3 and is open to residents and citizens of “selected European countries, including the EEA and the United Kingdom”, with no country list published and excluded jurisdictions not named. It has no monthly, annual or inactivity fee, but the virtual card needs at least $50 in the account to activate and the physical card requires a balance above $5,000 in digital assets and at least the Gold tier. FX is the clearest of the four: 0.2% on weekdays in the EEA, UK and Switzerland, 2% elsewhere, rising to 0.7% and 2.5% at weekends. Cashback applies only in Credit Mode and only above $5,000, paid in NEXO tokens or Bitcoin. One caution I would not omit: Cointelegraph reported a 2025-era Bulgarian police raid on Nexo’s Sofia office over alleged Russia-sanctions and AML violations, with no official Nexo statement on Russians found — a news report, not an official source, and relevant to anyone who values a clean regulatory footing.

Xplace scores highest of the four at 7.7. It is a Visa card with virtual and physical versions, the physical Silver live and Gold/Platinum described as coming soon with 7–14 business day delivery, and Visa acceptance in 160+ countries. The annual fees are the sharp point: Basic free, Silver $99, Gold $249, Platinum $999, with no borrowing origination fee. Deposits are BTC, ETH, SOL, JitoSOL, USDC, USDT and xStocks on the Solana network, Cash mode spends stablecoin balance and Credit mode borrows against holdings, and spending carries “no hidden spread”. Cashback is credit-mode only, from 0.5% on Basic to 2% on Platinum, paid in USDC at settlement.

ether.fi scores 6.7 and is the most geographically explicit of the four: a named list including Andorra, Argentina, Australia, Austria, Brazil, Canada, Cyprus, Czech Republic, France, Germany, Hong Kong, Hungary, Italy, Japan, Mexico, Poland, Portugal, Singapore, Spain, Switzerland, the UAE, the UK and 31 US states, with Belgium and Ireland eligible without physical delivery. The card’s own line is the bluntest in this whole comparison: if your jurisdiction is not listed, you will not be able to apply. Brazil does appear on that list. Membership normally includes one free virtual card, with a $10 first virtual card in regional-pricing countries. Cashback is paid in ETHFI, locked for seven days before it can be claimed, on a tiered ladder up to 3% — Core up to $2,000 monthly then 1% to $3,000 then 0.5%; Luxe up to $10,000; Pinnacle up to $50,000 — with EUR purchases on lower ladders, business at 1%, and ATM, cash advances, P2P and gambling merchant codes excluded.

Against that field, Bipa’s honest position is this: it is the only one of the four whose costs are denominated in a currency that is not yours if you do not live in Brazil, and the only one with no published FX figure at all. What it offers instead is Pix, a Bitcoin reward on a guarantee balance, and a tier structure with real substance at Pro and Max.

Who I would recommend it to

Yes, if you live in Brazil, you already hold or intend to acquire bitcoin, and you want a card that pays you in bitcoin for spending you would do anyway. The Pix top-up and the guarantee reward make it a reasonable second card rather than a risky first one, and the Pro tier at R$49.90 is where the free physical card starts to look like the sensible entry point.

Yes, carefully, if your interest in crypto cards is partly about access. Bipa is issued by a regulated Brazilian institution under Brazilian rules, which is a more conventional footing than most of this category. That is a genuine point in its favour, and it is the reason the complaints picture is as clean as it is.

No, if you are outside Brazil. The eligibility conditions are not even stated, let alone open.

No, if you are planning a trip and want to know what a foreign purchase will cost. The rate “may be higher or lower than the BCB average”, ATM charges follow an unpublished tariff table, and ATM limits “may be imposed” without figures. You would be spending abroad with three blanks in your cost model.

No, if you need to withdraw substantial cash. Unpublished limits, unpublished fees, foreign use restricted to travel and personal expenses in credit mode only.

No, if a 2% cashback rate elsewhere outweighs a Brazilian-only product, or if you want cashback in a token you can claim immediately — ether.fi’s seven-day lock and Nexo’s $5,000 threshold are things to weigh against Bipa’s simpler 0–1.5% with no such conditions stated.

If you are still interested, the order I would do things in: read the Tabela de Tarifas and the Card Terms yourself — that is where the FX, ATM and limit answers live, and they are the three blanks that decide this; ask support, in Portuguese, whether digital-wallet enablement covers your phone; and pick your plan by whether you want the physical card free, which makes Pro the sensible default and Max a lifestyle upgrade rather than a financial decision.

Frequently asked questions

What is the Bipa card?

It is a Brazilian crypto card from Bipa Intermediação de Ativos Digitais LTDA, a company founded in Brazil in 2020 and described as both a payment institution and a virtual asset service provider. It comes in prepaid and credit forms, virtual and physical, on the Mastercard network, with the card issued by Stark Bank S.A. Instituicao de Pagamento. Plans are priced in reais and the app is oriented to Brazil.

Is Bipa a bank?

No — it is not described as a bank. Bipa operates as a payment institution and virtual asset service provider, regulated by the Central Bank of Brazil as a company claim, and the card itself is issued by Stark Bank S.A. Instituicao de Pagamento. So the bank that owes you the card balance is Stark Bank, while the programme you sign up to is Bipa’s.

Can I use the Bipa card outside Brazil?

Only within stated limits. Foreign use is restricted to travel and personal expenses, and in credit mode only. The exchange rate “may be higher or lower than the BCB average rate”, ATM fees follow the Tabela de Tarifas with amounts not listed, and daily, weekly or monthly ATM limits may be imposed without published figures. Taxes on remittance abroad are your responsibility and the IOF rate is not named.

How much does the Bipa card cost?

The monthly plan fees are Free R$0, Plus R$14.90, Pro R$49.90 and Max R$99.90, with some fees waived by usage. The physical card is free on Pro and Max and carries an unstated fee on Free and Plus. There is no plan or card cancellation fee, but no foreign-exchange fee, crypto conversion fee or ATM charge is published either.

What crypto can I top up Bipa with?

Pix is native, and you can deposit Bitcoin on-chain or over Lightning, USDT on Ethereum (ERC-20) or Polygon only, plus USDC, SOL, XRP and ETH. Solana is not accepted for USDT specifically, and Cofringo has a minimum of R$50. Deposit fees are not stated, and blockchain transfers are irreversible, so the network matters.

Does Bipa require KYC?

Yes. A selfie and a document are sent at sign-up, Bipa may request updated registration data periodically, and both Bipa and Stark Bank may verify your data at any time. False information can lead to suspension and card cancellation, application is for adults only, and any credit limit is subject to prior analysis. Verification levels, accepted documents and processing time are not stated publicly.

How do I use the Bipa virtual card?

The virtual card exists alongside the physical one, and its prepaid limit can be enabled in crypto, so the balance behind it can be crypto rather than reais. The card may be enabled in digital wallets according to eligibility, though Apple Pay and Google Pay are not named. Note that some transactions the processor classifies as MoneySend are blocked, with no blocked merchant-category list published.

Is the Bipa card safe?

The issuer is Stark Bank, three wrong PIN attempts block the card, and Bipa and Stark Bank state they never request passwords. Bipa answers for third-party misuse only after a block has been requested, and custody and insurance are not stated. A dedicated search found no Reclame Aqui or Trustpilot pages about Bipa, which is weak evidence rather than a clean record.

Is the Bipa card worth it?

For Brazilian residents who want Bitcoin cashback in reais, often yes: Pix top-up, 0–1.5% Satsback on purchases, and a separate reward on reais kept as guarantee. But the score is 5.9 out of 10, the FX rate and ATM fees are undisclosed, eligibility is not stated, and it is a Brazil-only product. Compare it with Nexo, Xplace and ether.fi if you can use those instead.

How do I cancel the Bipa account or card?

There is no cancellation fee for the subscription or card, and on cancellation Bipa may deduct amounts owed from your available balance. Cancelling the card does not cancel the subscription, so the monthly fee keeps running until you deal with the subscription separately. Support is Portuguese only, in-app, via the Help Center, social media, or [email protected].

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