Coin98 Fusion Card

What the Coin98 Fusion Card is

Coin98 is one of Asia's better-known DeFi wallets, founded by Thanh Le and used by millions across Vietnam and the wider region. The Fusion Card takes that wallet and gives it a Visa card: you spend digital assets held in your Coin98 Super Wallet at any Visa-accepting merchant, online or in store, or through Apple Pay and Google Pay.

The regulatory structure is the strongest part of the offer. The card is issued in partnership with DeCard (DCS Card Centre Pte Ltd), a Singapore card issuer regulated by the Monetary Authority of Singapore. Coin98's documentation is upfront that all card-related matters, including card actions, verifications and complaints, are handled by the service provider (DCS), with Coin98 acting as the communication bridge. In other words, the licence sits with the issuer, not with the wallet.

Self-custody, in the literal sense

Where most cards in this directory take custody of your money when you top up, Coin98 markets the Fusion Card as letting you spend digital assets directly from the Super Wallet you control. Independent analysis scores it highly on fund control for exactly this reason, while noting the friction that comes with it: top-ups must come from an existing address in your Coin98 Super Wallet, and Zen Wallet is not supported for either issuance payment or top-ups.

What it costs

The schedule is simple and published:

• One-time issuance fee of US$9, paid in crypto from the wallet (USDT, USDC, C98 or VIC on BSC, Ethereum, Viction, Avalanche C-Chain, Optimism, Base or Polygon), which was waived for the first 2,000 users who activated the card.
• 1% fee on every top-up. This is the number to watch: cards that charge nothing to load (Bleap, Meow) undercut it, while no-KYC cards with 4.5% reload commissions (xKard) look worse.
• No annual fee.
• ATM withdrawals at 1% or SGD 5, whichever is greater, capped at SGD 10,000 per day and SGD 100,000 per month.
• FX markup: not published.

On a $1,000-a-month spend funded by three top-ups, the load fee alone runs about $10 a month, or roughly 1% of turnover - reasonable if you top up infrequently, less so if you reload small amounts often.

Onboarding is thorough, including the Travel Rule

Activation runs through phone OTP, email verification and full KYC with a citizen ID, driver's licence or passport that must be valid for more than three months and submitted as a photo of the original physical document. Top-ups then require Travel Rule information - full name, date and place of birth, ID type and number, issuing country, and address with postcode - before funds can be received. That is the regulatory reality of a MAS-supervised programme, and it is the opposite of a no-KYC card.

Availability is the constraint

APAC only today. That excludes Europe, North America and most of Latin America, and there is no published roadmap for expansion. For a Vietnamese, Indonesian or Singaporean user with assets in Coin98, the combination of a MAS-regulated issuer, self-custody spending and a published 1% load fee is genuinely competitive. For everyone else, it is a card to watch rather than one to apply for - in the meantime the Bleap card and the wider crypto cards directory cover other regions.

Card features

• Virtual Visa card linked to the Coin98 Super Wallet, spendable online and in store wherever Visa is accepted.
• Apple Pay and Google Pay support for tap-to-pay in stores and online.
• View card details in the app, lock the card instantly, and unlock with PIN plus OTP.
• Top up from your existing Coin98 Super Wallet address rather than a separate account.

Issuance and verification flow

• Register in the app: select country code, enter phone number, confirm the OTP.
• Pay the one-time issuance fee in USDT, USDC, C98 or VIC on BSC, Ethereum, Viction, Avalanche C-Chain, Optimism, Base or Polygon.
• Verify email, then complete KYC with a citizen ID, driver's licence or passport valid for more than three months.
• Provide Travel Rule information for top-ups: name, date and place of birth, ID details, issuing country and address.

Top-up networks

• USDT and USDC on Ethereum, Solana, Polygon, Base and Tron.
• Zen Wallet is not supported for issuance or top-ups.

Assets accepted

Card issuance can be paid in USDT, USDC, C98 or VIC across BSC, Ethereum, Viction, Avalanche C-Chain, Optimism, Base and Polygon. Top-ups accept USDT and USDC on Ethereum, Solana, Polygon, Base and Tron.

Self-custody model

Funds are spent from your Coin98 Super Wallet, which you hold keys to - the reason independent analysis scores the card well on fund control and calls it non-custodial. Two practical caveats: the card migration from VISA SGD to VISA USD changed the settlement currency, so balances and limits are now dollar-denominated, and top-ups must originate from your own Coin98 Super Wallet address, which limits where you can source funds from.

Who handles what

Coin98 provides the wallet, the application journey and user communication. The issuer, DCS Card Centre Pte Ltd, handles card actions, verification decisions and dispute resolution, and is supervised by the Monetary Authority of Singapore. If something goes wrong with a transaction, the issuer - not the wallet - is the counterparty that resolves it.

Published fees

• One-time card issuance: US$9, paid in crypto from the wallet. Waived for the first 2,000 users who activated the card.
• Top-up fee: 1% on every top-up.
• Annual fee: none.
• ATM withdrawal: 1% of the amount or SGD 5, whichever is greater, with limits of SGD 10,000 per day and SGD 100,000 per month.

Not published

• Foreign exchange markup on non-USD spending.
• Card spending limits per transaction, day or month.
• Top-up minimum and maximum amounts.

How the cost compares

The 1% load fee sits in the middle of the market: more than a card that charges nothing to fund (Bleap) and considerably less than the no-KYC cards that take 2.3% to 4.5% on reload. With no annual fee, the total cost is a function of how often you top up - large, infrequent loads minimise it, and small frequent reloads multiply it. There is no cashback to offset any of it, so the honest comparison is against fee-free cards with rewards, not against rewards programmes.