What is the Oppi Wallet Card?
Oppi Wallet Card is a virtual Mastercard attached to a self-custody crypto wallet. The idea is straightforward: your coins stay in a wallet whose keys live on your device, you load only the amount you plan to spend onto the card, and the card settles purchases in the local currency at 150M+ Mastercard merchants across 210+ countries. There is also a physical Visa card for in-store and ATM use, ordered from inside the app.
The wallet has been on the App Store since August 2024 and has grown into a full consumer app: store, send, receive and swap crypto; top up a card; and book flights and hotels inside the app with crypto. On the business side, Oppi markets virtual cards for employee spending, an API and plug-ins for merchant payments, and a claim of being trusted across 100+ platforms with a VASP-certified wallet. For all of that, the website still does not name the legal entity behind the service — the terms page is a generic app agreement with no company details, and the App Store listing identifies the developer as Encoin Limited. If knowing exactly who is issuing and processing the card matters to you, that is the first question to put to support.
How it works
Setup runs in five steps and takes about ten minutes: download the app, create a self-custody wallet and back up the 12-word recovery phrase, complete KYC with a government ID and a selfie, pay the card activation fee, then top up the card. KYC unlocks the main card; Oppi also runs a second, non-KYC virtual card with more usage restrictions for users who cannot or do not want to verify, which is unusual in this directory and worth understanding before you rely on either card.
The funding model is the part that matters most. Your wallet balance and your card balance are separate: the wallet holds your crypto under your own keys, and you choose how much to move onto the card each time. When you top up, the crypto is converted to a spendable balance at the live rate, and the card then settles purchases in local currency, so nothing is converted at the point of sale. Each card draws on the same shared balance, so multiple virtual cards — for subscriptions, travel or business — do not need separate funding.
What it costs
The headline pricing is genuinely low. Virtual card activation is a one-time USD 10, with USD 5 credited straight back to your card balance, for an effective setup cost of USD 5. There are no monthly or annual fees on the virtual card, and no charge for holding the wallet. Indian users pay more: the activation fee there is USD 15 with the same USD 5 back, an effective cost of USD 10.
The physical card is the expensive step: Oppi’s own pricing reminder lists it at USD 100 including shipping, which is the highest physical card charge in this directory. It is also where the published information stops adding up. The same company’s comparison article describes a one-time USD 10 physical card and calls the virtual card free, and the card page’s comparison table lists card issuance as “$5 for virtual card, $100 for physical card”. Before ordering a physical card, confirm the price in the app rather than relying on the website.
Two usage costs are published inconsistently. The card page states the foreign exchange charge is 2% to 2.5% when buying in a currency other than USD, which is normal for the category, while one of Oppi’s blog articles claims there are no foreign transaction fees at all. Separately, a blog FAQ mentions card loading fees of “typically 1% to 2%” that appear nowhere on the card page itself. Treat the FX figure as the honest one and verify the loading fee inside the app before you top up.
Limits and what is not published
Oppi does not publish spending limits. There is no stated daily, monthly or per-transaction cap and no minimum transaction size, and the only threshold mentioned anywhere is an “initial recharge” — a minimum deposit required before a card can be created, which Oppi says covers the card creation fee and leaves funds available for spending. That minimum is not disclosed on the website, which means the real cost of getting started is only visible once you are inside the app.
Crypto support and conversion
Top-ups accept a wide asset list for a card in this class: BTC, ETH, USDT, USDC, BNB, SOL, TRX, LTC and BCH, across Ethereum, BSC, Polygon, TRON and Solana. Stablecoins are the sensible funding choice, since volatility between top-up and purchase is otherwise your problem. Deposits are also subject to the usual crypto realities: network gas fees are charged by the blockchain rather than Oppi, wrong-network transfers can lose funds permanently, and the wallet is not open source — Oppi says it is currently under audit by Hacken and Cyberscope, so the security review is in progress rather than complete.
Rewards, cashback and referrals
There is no cashback. Oppi states plainly that it has no cashback or discount features, and its own comparison article lists cashback as “currently no cashback programme, launching soon”. What exists is a referral programme: you share a code, and the bonus is paid once the person you referred creates their first card. No amount or percentage is published for the referral reward, so it should be treated as a bonus rather than a reason to choose the card.
Who it suits
Oppi Wallet Card fits someone who wants a cheap, quickly issued virtual Mastercard without moving coins to an exchange first, and who values self-custody — the wallet holds the keys, and loaded funds are spend-only in the sense that you decide how much leaves your wallet. It also fits anyone who wants subscription and ad-spend capacity across multiple cards drawing on one balance. It fits less well anyone who needs to know the issuer and operator by name, wants cashback, spends heavily in foreign currencies and needs a single clear FX number, wants a physical card without paying a premium, or needs published limits before signing up. For the rest of the field, start with the crypto cards directory; the closest comparable for a self-custody wallet with a virtual card aimed at everyday spending is RedotPay — a comparison Oppi publishes itself — and if holding your own keys is the priority rather than spending them, the crypto wallets directory is the better starting point.
