Oobit review

Overview

The Oobit card is a self-custodial crypto Visa Platinum card that stands out for its unique approach to cryptocurrency transactions. It allows users to stay in crypto until the moment of payment, connecting directly to popular wallets such as MetaMask, Trust Wallet, Phantom, and Base. This feature is particularly appealing to users who prefer to maintain control over their digital assets without converting them to fiat prematurely. The card is available in over 100 countries and supports a variety of cryptocurrencies, including Bitcoin, USDT, Ethereum, Solana, Bitcoin Cash, and other stablecoins. With the added convenience of Apple Pay and Google Wallet integration, the Oobit card aims to bridge the gap between traditional and crypto economies.

One of the most attractive features of the Oobit card is its cashback program, offering up to 10% cashback on purchases. This can be a significant benefit for users who frequently use their card for everyday transactions. Additionally, the card is free to create and hold, which eliminates a common barrier to entry for many crypto card users.

How it works

The Oobit card operates on the Visa network, which means it is accepted at over 175 million merchants worldwide. Users can link their self-custodial wallets directly to the card, allowing them to spend their crypto assets seamlessly. This setup ensures that users retain control over their private keys, aligning with the principles of decentralization and self-sovereignty that are central to the crypto ethos.

When making a purchase, the card automatically converts the cryptocurrency into the required fiat currency at the point of sale. This process happens in real-time, providing a smooth and efficient transaction experience. However, it’s important to note that the specific foreign exchange (FX) fees associated with these conversions are not published on the reviewed pages, which could be a concern for users who want transparency in their transaction costs.

Fees and value

One of the standout features of the Oobit card is that there is no annual fee, and the card creation and holding are free. This makes it an accessible option for users who are new to crypto or those who want to minimize their expenses. However, the card’s fee structure is not entirely transparent, as the foreign exchange (FX), ATM, and top-up fees are not detailed on the reviewed pages. This lack of clarity could be a potential drawback for users who prioritize knowing all the costs associated with their card usage upfront.

Despite the lack of published fee information, the card’s cashback rewards of up to 10% can provide significant value, especially for frequent users. This feature could potentially offset any undisclosed fees, depending on the user’s spending habits and the specific terms of the cashback program.

Who it’s for

The Oobit card is ideal for users who value self-custody and want to maintain control over their crypto assets while still enjoying the convenience of a traditional Visa card. It is also suitable for those who are looking for a card with no annual fees and significant cashback rewards. However, users who require detailed information on all fees before committing to a card may find the lack of transparency in this area a potential deal-breaker.

For more options in the self-custodial category, you can visit our best self-custodial cards page. Additionally, if you’re interested in learning more about how we rate crypto cards, check out our how we rate page.

Pros and Cons

• Pros:
  • Self-custodial: connects directly to your wallet, staying in crypto until you pay
  • Free card creation and holding; up to 10% cashback
  • Visa Platinum, Apple Pay and Google Wallet, 175M+ merchants
• Cons:
  • FX, ATM and top-up fees not published on pages reviewed
  • Supported chains not detailed
  • KYC requirement not stated on pages reviewed

Overall, the Oobit card offers a compelling mix of self-custody, convenience, and rewards, but potential users should be aware of the lack of transparency in certain areas of its fee structure.

Fees & costs

Pros & cons

Supported crypto

Coins:

Our take

The Oobit card is a self-custodial Visa Platinum card offering up to 10% cashback and free creation/holding, though with some undisclosed fees and requirements.