Simple Card

What the Simple Card is

Simple is a stablecoin-focused wallet with 2.5 million users across 195 countries, offering a virtual card issued through Wirex, its own IBAN, jars for saving and donating, token swaps across 150-plus assets and AI research agents. The card is linked directly to your crypto balance and can be added to Apple Pay and Google Pay.

The critical caveat

On 18 June 2026 the operator, Stored Assets Ltd, announced the permanent cessation of all custodial wallet services, complying with the expiry of transitional periods under the EU's Markets in Crypto-Assets Regulation. Users were required to act by 30 June 2026, after which the app interface transitioned to withdrawal-only mode. Assets had to be moved either to the app's self-custody wallet, with network fees covered by the operator, or withdrawn to an external wallet or bank account.

Why this matters for the card

A virtual card linked to a custodial balance depends on that custodial service existing. With custodial services permanently closed, EUR balances unable to migrate to the self-custody wallet and the interface operating in withdrawal-only mode, anyone considering this card should confirm its current status with the provider before funding anything.

Otherwise a capable wallet

The underlying product has real strengths: self-custody, seed-phrase recovery even if the phrase is lost, Face ID protection, real-time scam detection, optional no-name and no-phone signup, gas fees absorbed on transfers, and strong store ratings of 4.8 on the App Store and 4.9 on Google Play.

Simple is a stablecoin wallet with millions of users whose virtual card is issued through Wirex. The same banking-as-a-service route underpins the UTORG Cryptocard, while Holyheld issues through Unlimit EU with a non-custodial link. Compare who holds the licence in the crypto cards directory.

Card

• Virtual card linked directly to your crypto balance.
• Spend online or in-store, with Apple Pay and Google Pay support.
• Setting spending limits for extra security.
• Card issued through Wirex, a regulated card provider.

Wallet

• Self-custody, so only you have access to your crypto.
• Seed-phrase recovery even if you lose the phrase.
• Face ID protection and real-time scam detection that flags suspicious activity.
• Optional signup without a name or phone number.

Extras

• Your own IBAN inside the wallet.
• Jars for saving, donating or ring-fencing funds.
• AI agents for research, and 150+ tokens to swap and track.
• Gas fees absorbed on transfers, and shake-to-send payments by name.

Stablecoin focus

Simple is built around stablecoins for low-volatility payments and savings, alongside major assets such as bitcoin and ether, with 150+ tokens supported for swapping and tracking. The card draws on the crypto balance rather than a fiat float.

The custody change

The wallet is now self-custody: the app states that only you have access, and the operator has closed its custodial service entirely. That is a stronger security posture in principle, but it also means balances are your responsibility, and the migration path for EUR balances was to withdraw them rather than carry them across.

Stablecoin rails supported

The app supports the major stablecoins in its swap and balance features. Confirm which stablecoins can currently fund the card, since the custodial closure changed which balances were migratable.

Not published

Simple does not publish a card fee schedule. Card issuance cost, loading or conversion fees, monthly charges and FX costs are not listed on the site or in the help centre, which makes cost comparison impossible from public information alone.

The documented operational issues

More important than the fee schedule is the status of the service. On 18 June 2026 Stored Assets Ltd announced the permanent cessation of custodial wallet services, complying with the end of MiCA transitional periods. Users had until 30 June 2026 to move assets to self-custody or withdraw them; after that the interface moved to withdrawal-only mode.

Consequences to understand

• EUR balances cannot migrate to the self-custody wallet — they must be withdrawn to a bank account by SEPA or exchanged for crypto first.
• Withdrawals are subject to the EU Travel Rule, and KYC profiles older than 12 months must be re-verified.
• Users who took no action were told their assets would be moved to a regulated EU CASP partner on an opt-in basis, or held under a civil-law creditor's-delay framework with possible re-verification required.

What this means for a new user

Given the custodial closure, treat the card as unverified until the provider confirms it is still issuing and what it charges.