BipTap Card

What BipTap is

BipTap is a crypto banking platform that wraps fiat accounts, cards and wallets into one app, aimed at people who want to move between crypto and traditional banking without jumping between providers. It offers three personal account tiers - a free Lite virtual account, a PRO offshore account and a Premium offshore account - plus a business account, and more than 20 cryptocurrencies can be deposited and spent across them. The platform is open but running in public beta, and the app is available on iOS and Android.

The cards and what they cost

Cards come in virtual, plastic, metal and premium formats, and which you get depends on the account you choose. On the free Virtual Account you get one free virtual card with no issuance fee and no monthly administration fee, plus 0.1% cashback on spending. Moving up changes the economics substantially: the PRO plan costs $300 to open with an $80 annual administration fee and gives five free virtual cards plus a physical card, while Premium costs $5,000 to open and $5,000 a year but removes most transaction fees, includes unlimited virtual and physical cards, a personal banking manager, 24/7 support and 1.5% interest on deposits.

Where the money actually goes

The tiering is designed around fee elimination rather than rewards. Deposits cost 5% fiat and 3% crypto on the free plan, 3% and 3% on PRO, and 2.8% on both for Premium. Transfers out cost 1% to a wallet and 1.5% to a bank on Lite, 0.6% on both for PRO, and nothing at all on Premium. Interest on deposits runs at 0%, 0.7% and 1.5% respectively. Read together, the free plan is a low-commitment way to test the product, but anyone moving meaningful amounts will find the deposit and transfer percentages more expensive than the $80 PRO plan's fixed annual fee.

Beta caveats

BipTap is explicit that this is a beta: the site carries a standing notice that bugs may be encountered and reports them to support, and it has recently reworked its wallet and bank-account architecture with new deposit addresses. The platform markets privacy through offshore account status, account abstraction and data anonymisation, with funds described as contractually protected through its financial service providers rather than covered by deposit insurance. Those are meaningful differences from a licensed bank, and worth weighing before using it as a primary account.

BipTap is beta-stage and pairs virtual, plastic and metal cards with offshore account options, which places it near UltimoPay and its offshore USD accounts, and alongside multi-card programmes such as Multicards. Cashback is negligible at 0.1%, so card format and account access are the real selling points — see the crypto cards directory.

Cards

• Virtual, plastic, metal and premium card formats, depending on the account tier.
• First virtual card is free, with no issuance or monthly administration fee.
• 0.1% cashback on virtual card spending, credited to your account.
• Add cards to mobile wallets and pay online, in store at POS terminals and at ATMs.
• Multiple cards per account, with five free virtual cards plus a physical card on PRO and unlimited cards on Premium.

Accounts

• Free Virtual Account with no opening or annual fee.
• PRO offshore account, $300 to open with an $80 annual administration fee.
• Premium offshore account, $5,000 to open and $5,000 a year, with a personal banking manager and 24/7 support.
• Business account for companies managing cards and funds for staff.

Money movement

• Deposit and spend more than 20 cryptocurrencies including BTC, ETH, SOL, BNB, XRP, ADA, TON, DOT, LTC and DAI.
• Fiat currencies including USD, EUR, GBP, AUD, CAD, JPY, CHF and HUF.
• Transfers with automatic crypto-to-fiat exchange, in more than 190 countries.
• Interest on deposits at 0%, 0.7% or 1.5% depending on plan.

Rewards and extras

• Gamified concept issuing tokens for successful and declined transactions.
• Affiliate programme paying up to 1% in USDC and $10 for each friend enrolled.
• Play-and-earn game and lifetime benefits flagged as coming soon.

Deposits

More than 20 cryptocurrencies can be deposited and spent, including BTC, ETH, SOL, BNB, XRP, ADA, TON, DOT, LTC and DAI. BipTap has recently updated its wallet deposit addresses as part of a system architecture upgrade, so deposit addresses should be re-checked in the app before sending funds from an external wallet or exchange.

Exchange engine

Transfers can carry automatic currency exchange, so a sender can deposit one asset and a recipient can receive another - including fiat-to-fiat, crypto-to-fiat and fiat-to-crypto conversions. Rates are calculated at market prices and include the associated chain and protocol costs, and the platform publishes a separate fees calculator for the exchange engine. Gas sponsorship is offered across multiple chains, which removes some of the friction of funding from networks with high transaction costs.

Fiat side

Fiat balances span USD, EUR, GBP, AUD, CAD, JPY, CHF and HUF among others, and the platform supports international transfers with automatic crypto-fiat exchange in more than 190 countries. Fiat deposits are charged at 2.8% to 5% of the amount depending on plan, which makes crypto deposits the cheaper route onto the platform in most cases.

Card fees

• Virtual card issuance: $0
• Monthly administration fee: $0
• Cashback: 0.1% on virtual card spending
• ATM and POS operator fees are set by the external providers and vary by country

Account plans

• Lite (Virtual Account): $0 to open, $0 annual administration, 5% fiat and 3% crypto deposits, 1% external wallet and 1.5% external bank transfers, 0% interest, 1 free virtual card, banking-hours support
• PRO (Offshore Account): $300 to open, $80 annual administration, 3% fiat and crypto deposits, 0.6% external transfers, 0.7% interest, 5 free virtual cards and 1 physical card, VIP bypass of $20 limits
• Premium (Offshore Account): $5,000 to open and $5,000 annual administration, 2.8% fiat and crypto deposits, 0% external transfers, 1.5% interest, unlimited virtual and physical cards, instant transfers, personal banking manager, 24/7 support

How the plans compare in practice

The free plan is genuinely free to hold, but 5% to deposit fiat and 1.5% to send money to a bank is steep once real amounts are involved. PRO trades $80 a year for much lower percentages - around 0.6% in and out - which pays for itself quickly for anyone moving more than a few thousand dollars a year. Premium only makes sense for high-volume users: $5,000 a year buys zero transfer fees and 1.5% interest, and the maths works only if the interest and savings exceed the fee. Cashback of 0.1% is negligible on all plans and should not be a factor in the decision.