1Inch Card

1inch Card is a prepaid Mastercard integrated into the 1inch ecosystem and powered by Crypto Life, with Baanx providing the underlying crypto-card infrastructure. It is available in virtual and physical formats and supports online payments, POS transactions, ATM withdrawals, Apple Pay and Google Pay.

The card is closely tied to 1inch Wallet, but it should not be treated as a fully self-custodial extension of the wallet. 1inch Wallet itself remains non-custodial, while the card is a third-party service operated under Crypto Life and Monavate infrastructure. Assets moved into the card environment are therefore subject to the card provider's custody and service terms.

1inch currently lists 1INCH, USDT, BTC, LTC, XRP and BXX among the assets supported by the card. The available set can change over time, so the actual list shown during funding is more relevant than the marketing page for users planning to spend a specific asset.

Availability and requirements

The card is primarily available to users in eligible European countries. Applicants must be at least 18 years old, reside in a supported jurisdiction and complete identity verification before using the service.

1inch does not operate the card program directly. The 1inch Card is powered by Crypto Life, the related services are provided by Baanx Group entities, and the prepaid Mastercard is issued by Monavate. This distinction matters because card eligibility, account restrictions, fees and compliance procedures are determined by the card providers rather than by the 1inch protocol itself.

There is no separate physical-card model with different functionality: the virtual and physical cards use the same underlying account, while the physical version mainly adds ATM access and conventional card-present usage where a mobile wallet is not practical.

Fees and rewards

Crypto Life's published fee schedule lists a 2% Card Spend fee for supported cryptocurrencies. Crypto-to-fiat conversions are listed separately at 1.75%, while transfers out are generally charged at 0.4% or 0.5% depending on the asset. Since Crypto Life separates these operations in its fee table, users should check the final transaction quote rather than assume that every card purchase automatically combines all listed fees.

The broader Crypto Life loyalty program supports crypto cashback. Its published terms list rewards of up to 2%, with the rate depending on the selected reward asset and program conditions. Cashback therefore partly offsets card costs in some cases, but it does not remove the need to account for spending and conversion fees.

Cryptodraft

One of the less standard features available through Crypto Life is Cryptodraft. Instead of selling BTC or ETH to fund spending, eligible users can deposit them as collateral and access a credit line against their value.

Cryptodraft allows borrowing up to 60% of the collateral value. Spending within the first 10% LTV is currently interest-free, while the portion above that threshold is charged at a 1% monthly percentage rate. The collateral remains exposed to market movements, so a falling BTC or ETH price can increase the effective LTV even without additional borrowing.

For users who already hold assets they do not want to sell, Cryptodraft makes the 1inch Card structurally different from cards built purely around crypto liquidation at the moment of spending. At the same time, it introduces collateral and borrowing risk that does not exist when simply funding the card with assets intended for spending.

How to get the 1inch Card

1. Open the official 1inch Card page and start the application.

2. Create or connect the required Crypto Life account.

3. Complete identity and residency verification.

4. Fund the card account with a supported asset.

5. Issue the virtual card and order the physical version if required.

6. Add the card to Apple Pay or Google Pay for mobile payments.