What is the Veera Card?
The Veera Card is the spending arm of an on-chain neobank built by Grayskull Pte. Ltd., a Singapore-registered company with its headquarters in Gurugram, India. Veera launched in January 2025 as a self-custodial multi-chain wallet and browser, raised $10 million across pre-seed and seed rounds from investors including 6th Man Ventures, Ayon Capital, Folius Ventures, Cypher Capital, Sigma Capital and CMCC Titan Fund, and has since reported more than two million app downloads, 300,000 self-custody wallets and roughly 220,000 monthly active users.
The card itself is free to issue and free to hold, advertises 0% forex, gasless transactions and crypto cashback, and comes in virtual and physical form. Where it differs from almost every competitor is the funding model: rather than pre-loading a card balance, spending authorises against on-chain balances you already hold in your own wallet, with each transaction signed by you. Nothing is sold to fund a purchase, and nothing has to be moved into a company account first.
The idea is stronger than the documentation
This is the central finding of this review, and it is worth being blunt about it. Veera's marketing makes specific promises — 0% forex, gasless transactions, cashback that compounds, acceptance at 130 million-plus merchants, yields on unused balances — but none of them are backed by published cardholder terms. The legal documents Veera does publish govern the wallet, the dApp store and the app, not the card. They name no issuing bank, no card network, no programme manager and no payment processor.
That gap has consequences you can see. Two independent trackers describe the card as Visa; a third records it as Mastercard while rendering the network field as "other" in its own table; Veera's own materials never state it. Network matters — it decides where the card works and how disputes are handled — and it is simply not knowable from public sources right now. Fee schedule, limits, card-eligible assets and supported countries are in the same position.
Self-custody without a seed phrase
Veera's custody model is genuinely non-custodial but not the seed-phrase kind. Access runs through a passkey tied to your device, and the terms state plainly that Veera does not generate, provide or store private keys, key shares or seed phrases. The underlying key infrastructure comes from Turnkey, which handles key generation and protection, and recovery is available through associated recovery methods such as a registered email address.
That design has real advantages: there is no seed phrase to write on paper or lose in a drawer, transactions require your signature, and Veera cannot move your assets. The caveats are equally real. Your access is device-plus-passkey dependent, so the backup you set up before something goes wrong is the difference between recovery and losing the account. And purists would note that self-custody you reach through a passkey and a service provider is a meaningfully different risk profile from holding a seed phrase yourself. Both are reasonable positions — just know which one you are taking.
Where the card stands today
The card is not generally available. The waitlist passed 30,000 sign-ups, the official waitlist site now returns a closed state, and distribution is being handled in phases, so new applicants cannot join at the moment. Veera's own terms exclude the United States outright — a fact that contradicts at least one tracker listing it as supported — along with China, Russia, Belarus, Iran, Cuba, North Korea, Syria, Libya, Somalia, Sudan, South Sudan, the occupied Ukrainian regions and the DRC, plus sanctions-listed individuals.
Debit now, credit promised
Veera describes the card as debit, pulling from your balance, with a credit mode that borrows against your crypto so nothing has to be sold to spend. The roadmap backs the direction with stablecoin loans and lending, but credit against crypto is not documented as a live card feature. Treat it as an intention rather than a product you can sign up for.
How it rates
Three stars, Tier-3. The shape of the product is right — free issuance, no annual fee, 0% forex, self-custodial spending from an on-chain balance, cashback, and a company with real funding, a shipped app and millions of users. What holds it to three stars is verifiability: the card is waitlist-closed, its issuer bank, network, fee schedule, limits, eligible assets and country list are all unpublished, its legal documents cover the wallet rather than the card, the cashback rate cannot be modelled, and independent verification is thin and contradictory — one tracker scores it 45%, another 68 out of 100 with its own data flagged as needing confirmation.
None of that makes the card bad. It makes it unproven, and in a category where the difference between a marketed fee and a charged fee is exactly the sort of thing that shows up later, unproven is worth pricing in. Revisit it when Veera publishes cardholder terms and names its issuer — at that point this review should move, and the underlying product has enough going for it to deserve a higher rating.
Weigh it against Privacy Gateway Card, which publishes its issuer and fee schedule, or Peanut Card, and browse the full crypto cards directory before you commit.
