Swipe.io Steel Gray Review 2021

Swipe Steel Gray Review

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8.5/10 (Expert Score)
Product is rated as #6 in category Crypto Cards

The Steel Gray card is Swipes second to highest staking card and one of the market-leading crypto debit cards in all areas available in 2021. The card is available throughout Europe and the USA with free delivery to your door. The Swipe Slate provides a generous 4% cashback for both online and offline purchases which is paid directly in BTC. In addition, Swipe Steel cardholders benefit from attractive perks including rebates on Spotify, Apple Music, Netflix, Prime, Uber, and Travala.

Swipe.io Visa provides instant settlement at the time of purchase which means you don't have to prepay your card like many other crypto cards. This seamless functionality is further enhanced by the fact Swipe.io Visa card supports up to 8 Cryptocurrencies and 5 Fiat currencies for POS payments and is practically fee-free for global use.

There are no monthly fees but the Steel Gray card requires staking 3000 SXP Tokens (Swipes native token), which is roughly $6,874.06 at the time of writing. Staking is required for a minimum of 6 months.

Swipe Slate is one of the best cards on the market, but there are some valid concerns with Swipe as a company. They disclose very little information about their history, background or team. On top of this, our experience with Swipe support has been spectacularly awful on more than one occasion. Despite these issues, Swipe has gone from strength to strength and is was purchased by Binance in June 2020. They are partnered with Coinbase Custody who hold customer funds in cold storage, funds are insured up to $100m by BitGo, and their code has been audited by Certik. Are they legit? We believe so.

Features
9.5
Usability
9.5
Payment options
8.5
Fees and charges
9.5
Perks & rewards
9
Company & Reputation
4.5
Support
2.5
PROS:
  • 4% cashback paid in BTC.
  • No limits on cashback online or instore.
  • Rebates on Spotify, Apple Music, Netflix, Prime, Uber, Travala.
  • Practically no fees from everything from ATM withdrawals to international use*.
  • Partnered with Binance.
  • Instant conversion from crypto to fiat at the time of purchase.
  • No FX fees for European Cardholders.
CONS:
  • Lack of company history background.
  • Support is worryingly unhelpful and there is no way to escalate issues higher.
  • 3% foreign transaction fee for US cardholders.

Specification: Swipe Steel Gray Review

Company & Availability
Insurance Coverage Pooled
Eligible regions , , , , , , , , , , , , , , , , , , , , , , , , , , ,
KYC
Credit Check No
Savings Information
Supported Fiat Currencies , , , ,
Supported Cryptocurrencies
Gas fees No fees
Availability
ATM Access Worldwide
Pay In Local Currencies Yes
Support
24 hour support Yes
Live Support Yes
Staking
Token Ticker SXP
Rewards
Cashback Restrictions No limit
Max Cashback No limit
Spending Limits
Daily Purchase Limit $5,000
Monthly ATM Limit $5,000, EU/UK: N/A
Fees
Online/Offline Purchase Fees No fee
Topping up fee No fee
ATM Fees No fee
POS Foreign Transaction fee No fee
Card Replacement Fee No fee
ACH Declined No fee
ACH Payments No fee
Charge back processing No fee
Dormancy No fee
Exchange Rate Provider N/A
Card Features
Instant settlement Yes
Topping up limit No limit
App Payments Apple Pay, Google Pay, Samsung Pay
Dual-Interface NFC/EMV (Card with chip) Yes
Virtual Cards US Only
Physical Cards Yes
Security
Fraud Monitoring Yes
Freeze / Unfreeze Yes
Instant Notifications Yes
Pin Viewing Yes
2FA Yes
Asset protection & Insurance
Audited Certik
Cold Storage Coinbase Custody
Company Backing Binance
FDIC insurance No
Insured by BitGo

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