2gether Founder

2gether Founder Review

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Verdict: The Founder is the lowest tier card offered by 2gether. With low fees, easy fiat onboarding that allows you to purchase crypto at market rate, and no staking required, the card is good for someone living in a EUR € country. However, if you're looking for cashback or perks, you should probably look for one of the higher tiers. Users should also be aware that refunds will be paid in 2GT.
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6/10 (Expert Score)
Product is rated as #39 in category Crypto Cards

2gether was established in 2017 in Spain and prides itself as being part of the "economic revolution". Their branding is focussed around community founding and investing in an early-stage startup, which is why they actively shill their own 2GT token. However, from what I have read, this is NOT a governance token, so whilst you may have a chance to get in early on a new debit card startup, I have found nothing to suggest that token holders will get a say in future decisions of 2gether as a company

2gether has a number of things that stand out. Firstly, we're impressed with the low fees. You will only be charged a 0.26% Kraken fee for online and offline purchases and ATM withdrawals in a €EUR country. Secondly, the 2gether Founder is an instant settlement Visa card (meaning that crypto is exchanged at the point of sale rather than a prepaid visa) and can be used online and offline and globally at ATM's. Global ATM fees are also, better than average, costing just 1.50% with the standard Visa exchange rates. It's never fun using ATMs aboard but these rates are better than most we've reviewed.

The drawbacks of using 2gether Founder visa card is that it an extremely basic card in comparison to both other 2gether cards and other competitor cards. The Founder visa offers no cashback and no perks. However, if you believe in their mission and want to invite your friends you can start earning 2GT on referrals which will increase your staking power. More staking power, more rewards.

Features
7
Usability
8
Payment options
5
Fees and charges
9
Perks & rewards
2.5
Company & Reputation
2
Support
2.5
PROS:
  • Low fees.
  • Low staking required.
  • Easy fiat onboarding so you can buy crypto at market rates.
  • Instant settlement Visa card with low 0.26% transaction fee from crypto:fiat.
  • Lots of incentives to push 2GT token, and a potentially a chance to purchase a token early.
  • Good referral program allowing you to earn 2GT tokens.
CONS:
  • Still recovering from a hack in 2020 and have still not managed to refund all customer funds.
  • No cashback options.
  • No perks.
  • No live support.
  • Very inactive communities.
  • Only low fees in € countries.

Specification: 2gether Founder Review

Company & Availability
Insurance Coverage /
Eligible regions , , , , , , , , , , , , , , , , , ,
KYC
Credit Check No
Savings Information
Supported Fiat Currencies
Supported Cryptocurrencies
Gas fees Yes
Availability
ATM Access Worldwide
Pay In Local Currencies Yes
Support
24 hour support Email support
Live Support No
Staking
Staking required Yes
Staking amount 200 2GT
Minimum stake Term Indefinitely
Token Ticker 2GT
Rewards
Cashback on spending No
Cashback Restrictions N/A
Max Cashback N/A
On Chain Rewards None
Referral Rewards Can invite up to 83 friends and recieve max 300 2GT per friend
Spending Limits
Daily ATM Limit Unlimited
Daily Purchase Limit Unlimited
Monthly ATM Limit Unlimited
Monthly Purchase Limit Unlimited
Fees
Monthly fee No
Delivery Fee No
Online/Offline Purchase Fees 0.26% Kraken fee
Topping up fee N/A
ATM Fees 0.26% Kraken fee when drawing from non-€ wallet
International ATM fee 1.15% non € European country/ outside of Europe 1.50% + Visa exchange rates
POS Foreign Transaction fee 0.26% kraken fee + Visa exhange rates
Card Replacement Fee No fee
ACH Declined No fee
Charge back processing N/A
Dormancy No fee
Exchange Rate Provider Visa
Card Features
Instant settlement Yes
Prepaid N/A
Topping up limit N/A
App Payments Apple Pay, Google Pay
Dual-Interface NFC/EMV (Card with chip) Yes
Virtual Cards No
Physical Cards Yes
Security
Fraud Monitoring Yes
Freeze / Unfreeze Yes
Instant Notifications Yes
Pin Viewing Yes
2FA Yes
Asset protection & Insurance
Audited /
Cold Storage /
Company Backing /
FDIC insurance No
Insured by /

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