Kolo Card — when every token can become a coffee or a ticket

The Kolo platform is a multichain wallet and fintech service that allows users to store, exchange and spend cryptocurrency. Kolo began as a Telegram bot/mini-app with crypto buying, exchange and storage functions, and later expanded its range of services to include financial features. In early 2025, Kolo announced the active launch of its debit crypto card, which is already available to users who have completed KYC verification.

Features and benefits

When introducing Kolo Card, the team aimed to create functionality that makes cryptocurrency practical for everyday use. Here are the key features:

• Automatic crypto-to-fiat conversion at the moment of payment — the selected cryptocurrency from the wallet is instantly converted into local currency through Apple Pay or Google Pay.
• Support of memecoins and stablecoins — Kolo states that the card can be topped up with memecoins, stablecoins, tokens and more.
• Coverage of millions of online merchants — the card can be used in over 90 million online stores (Steam, Amazon, eBay and others).
• Zero mark-ups on some stablecoins — “0 % mark-ups” or no margin on USDT, USDC, EURC as one of the advantages.
• Apple Pay / Google Pay support — the card can be added to mobile wallets for contactless payments.
• Regulation and MiCA / AML compliance — Kolo operates with AML transaction screening and adherence to European standards.

The KOLO card bridges the gap between digital finance and real-world use, making spending crypto as simple as swiping a card

Pavel Luchkovskyi

CEO of Kolo

At KOLO, we are here to remove boundaries between the banking world and digital assets, providing a worldwide debit card that can be funded with crypto or local currency like USD or EUR—a simple way to purchase, sell crypto, and earn yield in DeFi, — said Pavel Luchkovskyi.

How to apply for and start using Kolo Card

Here’s what the process currently looks like:

• Log into Kolo Wallet via the App Store / Google Play (or the Telegram version) and create a Kolo Wallet.
• Complete the KYC verification process — usually an ID photo and a selfie.
• After approval, activate the card.
• Add the card to Apple Pay or Google Pay.
• Top up the card with cryptocurrency.
• Start using it for payments — the system automatically converts crypto to fiat at the moment of transaction.

Fees and limits

Public sources indicate the following fees and limits:

Fees:

• The card is issued for $10.
• Crypto-to-fiat conversion fee: base rate ~1 %.
• Storage/maintenance: if the card is unused, an inactivity fee may apply (according to external reviews).

Limits:

• Spending limits are dynamically set by the platform and may change.
• Exact daily and monthly limits are not officially published in open sources.

Drawbacks and risks

• Fee and limit details are not fully published, which creates uncertainty for users.
• ATM withdrawals and the availability of a physical card are not officially confirmed.
• Dynamic limits can change — the platform may lower them without notice.
• Availability is restricted — the card is not available in the U.S. or sanctioned countries.
• Risk of hidden spreads in crypto exchange rates.

Kolo Card functionality allows users to spend cryptocurrency like regular money — with automatic conversion, memecoin support, mobile wallets and global accessibility. This is an important step toward realizing the idea of “crypto as a monetary system.”

However, before fully relying on this card, it’s essential to carefully review the terms: fees, limits, ATM withdrawal features, conversion policies and security. If Kolo publishes official tariffs and limits, it will greatly improve user trust and adoption.