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Luis Clark
Luis is a personal finance expert who has been passionate and writing about crypto for more than five years.
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    Swipe Card UK Review 2023: Benefits and Fees

    swipe card uk

    Swipe Card UK Review: Our Opinion

    The Swipe prepaid debit card is an innovative payment solution that connects several payment networks to cryptocurrency. UK residents will appreciate the Swipe card because of its crypto and fiat funding source, 8% crypto cashback rewards, rebates, 30% retail bonuses, and great security. 

    However, the huge SXP (Swipe’s native token) requirement may not be feasible for most UK crypto investors.

    An Overview of Swipe Card UK

    swipe card review

    Swipe.io is a versatile multi-asset digital wallet and Visa debit card ecosystem that helps diverse businesses create card programs. This wallet platform, which Joselito Lizarondo founded in 2018, enables users to spend cryptocurrencies and make payments for goods and services globally at physical and digital locations. 

    Although the Swipe headquarters is located in the Philippines, the company operates in London, the United Kingdom, and Estonia to cater to European traders and investors.

    In addition to its wallet and card offerings, Swipe offers a wide range of financial services, including a merchant platform, crypto exchange, innovative mobile application, and SXP.

    Swipe card holders enjoy custom perks, such as spending crypto assets, discounts for holding SXP, cashback, free Spotify accounts, and compatibility with Apple, Google, and Samsung Pay.

    Because of its numerous innovative products, Binance, the world’s largest digital currency exchange by trading volume, acquired the software multi-asset platform in 2020.

    The Swipe platform now powers the Binance Card, a revolutionary card that enables traders to expend crypto assets at physical locations.

    Highlighted below are the advantages and downsides of the Swipe prepaid Visa debit card: 



    Swipe Card: What Is It?

    what is swipe card

    UK residents can now swipe and spend crypto instantly. 

    The Swipe card is a unique simple visa debit card designed to facilitate crypto spending. It enables business setups and individuals to connect to payment networks and access major e-solutions like Apple Pay, Google Pay, and Samsung Pay. 

    An innovative feature of the Swipe card is its automatic crypto conversion. Users can disburse crypto assets directly with no manual conversion required. 

    The Swipe card comes in two variations: the virtual card and the physical card. UK residents can choose from four prepaid debit card tiers, offering different perks.

    Swipe Card: How Does It Work?

    The Swipe card is a Visa prepaid card. After ordering and receiving the card, traders can activate the debit card within the app, as it is to be managed within its mobile application. Swipe card holders must connect their debit card to their account via the mobile app to initiate a deposit. 

    The Bitcoin card platform supports crypto and fiat currencies as funding sources. UK residents may fund their Swipe card with BTC, ETH, and other supported cryptocurrencies or use their preferred fiat currencies (GBP, EUR, or USD). 

    Additionally, UK residents may use the Swipe card like a traditional bank card once it has been funded. Only funds deposited can be spent. A reload will be required for further spending when the balance runs out.

    The best thing about this Bitcoin debit card is its smooth crypto-to-fiat conversions. Unlike other card platforms, investors are not required to manually convert crypto to fiat currencies. Rather, they only need to choose a cryptocurrency as a funding source, and the conversion is completed automatically. 

    Customers also enjoy retail offers, bonuses, rebates, and cash back for spending on cryptocurrencies and payments for goods and services.

    Benefits & Perks

    benefits swipe

    According to research conducted by Binance, the Swipe crypto debit card integrates unique features such as the following: 

    • Global Accessibility: UK residents can use the Swipe physical card and the virtual card anywhere Visa payments are supported. 
    • Crypto-to-fiat conversions are easily done on the mobile app and confirmed within seconds. 
    • Security: Investors’ funds and assets are stored with custodial insurance. And the Bitcoin debit card platform is certified by the PCI-DSS (Payment Card Industry Data Security Standard).
    • Swipe Wallet: UK Swipe card holders can leverage the platform’s wallet hub to access a rich ecosystem of products. The Swipe wallet supports deposits, withdrawals, and storage of fiat currencies, cryptocurrencies, and stablecoins.

    Cryptocurrencies Supported

    The Swipe card supports up to seven crypto assets and three fiat currencies. 

    Crypto assets: 

    • Bitcoin (BTC)
    • Ethereum (ETH)  
    • Litecoin (LTC)
    • Bitcoin Cash (BCH)
    • Binance USD (BUSD)
    • Binance Coin (BNB)
    • Tether USDT

    Fiat currencies: 

    • British Pound Sterling (GPB)
    • Euro (EUR)
    • United States Dollar (USD)

    Fees Explained

    The Swipe card is not free. UK residents can acquire a Bitcoin standard physical debit card for £12 and a virtual one for £6. The premium physical debit card is £8, and the virtual one goes for £4. Investors also have to pay a setup fee payable in SXP: the standard option is 25,000 SXP, while premium card customers do not have to make this payment.

    No trading commission fees are incurred when using the Swipe card. However, a 2.5% processing fee is attached to the standard card, while a 1% charge is attached to the premium card. Other charges include a 2% foreign exchange transaction fee and ATM provider charges for withdrawals.

    Different Card Holder Tiers

    Card tiers are the different usage levels, access to rewards, and purchasing power, attached to a series of cards. Swipe offers UK residents four different Visa prepaid debit card tiers: Saffron, Sky, Steel, and Slate.


    Saffron is the entry-level debit card for Swipe users. UK holders get 1% cash back on all crypto spending paid in Bitcoin. They can also access the Swipe referral program (refer more users and earn monetary incentives). The maximum amount of referral awards earned on Saffron is $1,000.


    This is the next tier of Swipe crypto debit cards. This card offers UK residents up to 2% cash back. However, the user must stake a minimum of 300 SXP to access this card. 


    The third-tier level card offers 4% cash back on crypto spending; however, it requires a higher staking value, set at 3,000 SXP. 


    The Swipe Slate card is the last tier of the Swipe platform. Users are awarded a 5% cash back with a higher stake of 30,000 SXPs required to access the card.  

    In this Swipe card review, we found that all the Bitcoin card tiers can be used to withdraw cash via ATMs. In addition, all the tiers feature discounts on popular utility apps like Spotify, Amazon, Netflix, Uber, Airbnb, and more.

    Opening an Account

    The Swipe platform no longer offers crypto cards to UK residents since Binance acquired them. This is why account registrations are no longer active. 

    Existing Swipe card users have been migrated to the Binance Card designed by Swipe.

    The Binance card offerings are identical to the previous Swipe cards and can be accessed following these simple steps.

    Create a Binance Account

    Navigate to the Binance card website to create a new account with an e-mail address or mobile number. Fill in the phone number or valid e-mail address and a strong password. 

    Verify Account

    Proceed to submit required know-your-customer documents, including a valid identity card (National ID card, Driver’s license, passport, etc.) and address information. Then, wait for identity verification. 

    Order Binance Card

    UK residents should locate and click “Finance” at the top navigation bar and select “Binance Card”. A Binance “order card” page will load. Investors’ valid full name and pin will be required to set up the card. Once the pin is set, click “Order” to complete the process. 

    The Binance card is completely free. Upon successful registration, the virtual Binance card will be issued instantly. This virtual card will remain valid until the user’s physical card is delivered (may take up to 45 days or a few months, depending on the region) and activated.

    Customer Satisfaction

    In this Swipe card UK review, we discovered that the Bitcoin debit card is rated 2.5 out of 5 stars across 81+ reviews by UK residents on Swipe card UK on Trustpilot (a reliable online review website). 

    The low ratings are likely due to customers’ poor remarks, including the following:

    • Sudden card cancellation issue
    • Slow refunds and long wait periods (reaching months)
    • Pending transactions
    • Most Visa business stores do not support Swipe
    • Horrendous customer support team and scarcity of information
    • Deactivation of account

    Although 56% of the ratings were 1 star, over 35% of customers’ remarks were five stars. These positive remarks were based on cashback bonuses and easy spending of crypto assets.

    Is Swipe Card Right for You?

    UK traders keen on spending their crypto assets instantly and freely can seamlessly use the Swipe prepaid debit card. However, the SXP staking requirements create opportunities for potential losses, which may be higher than the promise of a 5% cash back. 

    UK clients should switch to the Binance Card, powered by Swipe, or consider other options like the Coinbase Card for a better spending experience.

    Final Thoughts

    The Swipe platform exists to create payment solutions and seamless crypto spending opportunities for investors and businesses. The platform now powers the revolutionary Binance card, offering new and existing clients an innovative trading experience with added benefits and options.

    If you want to know more about on Swipe Competitors and other Crypto Cards, you can check out our list of the Crypto Cards UK Reviews. You can also read about our Wirex Card UK Review as an alternative to Swipe.


    Most frequent questions and answers

    Buying crypto with the Swipe debit card isn’t taxable; however, selling and spending these crypto assets apply to tax. Her Majesty’s Revenue and Customs (HMRC) is constantly taking steps to ensure UK crypto traders pay taxes. 

    UK clients can safely use Swipe cards to spend crypto and make payments for goods and services. Now that the wallet platform powers the Binance card, traders can opt to migrate and experience even better security. 

    Yes, all swipe cards can be used to withdraw funds from UK ATMs free of charge. However, ATM providers may incur little charges—processing fees. 

    The swipe crypto wallet and Visa debit card platform integrates a governance token called SXP. Holders of the token can enjoy multiple perks, ranging from staking and discounts on transaction fees.

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