Eidoo Card Logo
Card Review

Eidoo Card

Fees & Limits

Issuance Fee 100 EDO • ATM Fee 0 • Spend Fee 0.00% • Monthly Fee 0 • Minimum Deposit N/A

Funding Methods

Yes Wire Transfer No Debit Card No Credit Card No Paypal No Gift Card No Cash

Cryptos (12)

ERC20, Kyber Network Coin, Bancor Protocol Token, Maker, Bitcoin and 7 more

A common argument for regular money (also known as fiat currency) as opposed to cryptocurrency is that you can’t use cryptocurrency to buy groceries and other everyday items. Well, through the use of a cryptocurrency debit card, you can. This is a review of Eidoo Card, one of the crypto debit cards out there.

Eidoo Card is a card from the British company Moneyfold Ltd (registered with the FCA in the UK). To be able to use the card, you first need to download the Eidoo app and start up an account, which in turn automatically includes an Eidoo wallet. In that wallet, you can convert BTC or ETH into EUR or GBP, and then load them onto the card.

There are a few crypto cards where the users must load the cards with crypto separately. Eidoo emphasizes on its website that that's not necessary here. Instead, you just convert your crypto into GBP or EUR in the app via the Eidoo wallet (as mentioned above). This process makes it quite easy to start using the card for spending.

Eidoo Card Promo Picture

Eidoo Card supports, inter alia, Bitcoin, Ethereum and all ERC20-tokens. 

The card is only available to order for people who are based in the European Union (and UK, an addition we have to make now since 31 December 2020). In order to get a card, you need to pass KYC. If you are from outside the EU/UK, you can always review our Crypto Debit Card List to find a card company from which you can order a card.

Eidoo Card is a VISA-card, meaning that you can use the card at any point of payment that accepts VISA. This is of course a great advantage, seeing that VISA is the most widely accepted card in the world (alongside MasterCard). 

This is a picture of the card (the basic version of it).

Eidoo Card Basic Version

The card from Eidoo also offers something very interesting: a cashback feature. What is a cashback feature? Well, it's actually quite simple, every time you use the card, a percentage of what you pay with the card gets transferred back to you. Here, it gets transferred back in the form of PNT-tokens (pNetwork Tokens). And the percentage is actually from 0-10%, depending upon how many PNT-tokens you hold. The levels required for the different cashback-percentages are set out in the below table under the paragraph Three types of cards.

The below picture shows the three different types of cards now available for pre-order. As is evident from the below picture, the Eidoo Black Card is naturally the most desirable but also the most difficult to be eligible to for. To get the cashback feature in the Basic version of the card, you have to stake 20 pNetwork tokens (on the date of last updating this review, 16 January 2021, corresponding to roughly USD 8.40). In order to get the VIP card, you need to stake 25,000 pNetwork tokens (16 January 2021: roughly USD 10,500), for a year. In order to the get the Black Card (the best of them all), you need to stake 200,000 pNetwork tokens (16 January 2021: roughly USD 84,000), for a year.

Eidoo Card Three Different Kinds

Eidoo Card’s fees are low.

There are no monthly fees and no fees for ATM-usage either. This is very unusual and clearly a competitive edge relative to the market standard, as most cards charge at least USD 1.00-2.00 monthly fees and sometimes quite hefty ATM-fees.

There is an issuance fee (sort of), as the company requires anyone ordering the Basic Version to burn 100 PNT to get it. On the date of first writing this review (8 April 2020), 100 PNT corresponded to roughly USD 10, so this is quite in line with industry average crypto debit card issuance fees (normally between USD 10.00 to USD 15.00). On the date of last updating the review however, on 16 January 2021, 100 PNT was worth around USD 42, which is a quite hefty issuance fee. 

The most important fee of them all is the commission on spending. To our understanding, Eidoo Card has no spending fee at all. If this understanding is correct, it is a very impressive feature of this card that we applaud warmly. 

Unfortunately, we have not been able to find any information on the maximum/minimum deposit limits of this card. We will update this review as soon as we have received that information.

If this is the cryptocurrency debit card for you, congratulations. But if not, check out one of the other cards in our crypto debit card list.

Good luck!