Image: OKX

OKX Card (Europe) review: fees, cashback and limits

Name: OKX Card (Europe)
Brand: OKX

A stablecoin Mastercard for Europe with no OKX card or FX fees and up to 10% back for VIPs.

By Taimoor, founder and editor Last checked 16 October 2026 2 sources

6.4out of 10

Quick answer

The OKX Card is a Mastercard for EU and Norwegian residents that spends USDC or USDG from your OKX Pay account. OKX charges no card, transaction or FX fee, just a 0.1% market spread when converting. Paying with USDG earns 2% back for regular users (capped at €10 a month) and 4% to 10% for VIP levels with caps up to €1,000. It launched in January 2026.

OKX Card at a glance

Best for	Europeans who already use OKX and want low-cost stablecoin spending.
Skip it if	You live outside the EU and Norway, or you want meaningful cashback without OKX VIP status.
Network	Mastercard
Card issuer	A European licensed payment provider (not named). OKX Europe Ltd is the licensed OKX entity under MiCA.
Custody	Funds sit in your OKX Pay account (custodial)
Card type	Debit
Virtual or physical	Physical card (virtual details not stated)
Cashback	2% to 10% on USDG spend, VIP-based
Annual fee	No card fee
Apple Pay / Google Pay	Not confirmed / Not confirmed
Identity check (KYC)	Required
Where it works	EU countries plus Norway. Launched 28 January 2026.

OKX Card fees

Card cost	Not stated
Annual or membership fee	No card fee
FX and cross-border	No FX fee from OKX. Mastercard's rate applies.
Crypto conversion	0.1% market spread per transaction
ATM withdrawals	Not stated

Mastercard applies its own exchange rate on top of any card markup. Check the fee page in the OKX Card app for your country before you load money. To see what OKX Card would cost you in a year compared with every other card, try the cost calculator.

What a $100 purchase costs with OKX Card

$0.10Paid from stablecoins in the card's own currency

$0.10Paid from stablecoins in a foreign currency

$0.10Paid from other crypto, like BTC or ETH

$2.00Cashback on $100, Base tier

These are OKX Card's own fees on the Base tier, before the card network's exchange rate and any ATM or top-up costs. Its FX markup of 0% is lower than the median of 1% across the 60 cards we track with a published FX fee, and cheaper than 37 of them. For a full year based on your own spending, use the cost calculator.

Where it ranks by our score: #15 of 36 in Europe (EEA)

Cashback and rewards

Regular: 2%, capped at €10 a month
VIP 1: 4% (cap €300). VIP 2: 4.5% (€450). VIP 3: 5% (€1,000). VIP 4 and up: 10% (€1,000).
Only purchases paid with USDG earn cashback. USDC purchases earn none.
Rates as of 29 May 2026. OKX's text says 2% to 5% while its table shows up to 10%.

Deposits and withdrawals

How to top up

Deposit USDC or USDG into OKX Pay from an external wallet
Convert other crypto to USDC or USDG inside OKX

Fees: No card top-up fee. OKX's convert spread and network fees apply.

How to withdraw

Withdraw stablecoins from OKX to any wallet
Sell to euros and withdraw to your bank through OKX

Fees: OKX's normal withdrawal fees apply.

Supported assets: USDC and USDG.

Where OKX Card works

EU countries plus Norway. Launched 28 January 2026.

Iceland and Liechtenstein are excluded, and it isn't offered outside Europe.

Europe (EEA)

Limits and perks

Limits

No spending limit published beyond your balance. Insufficient balance means a declined payment.

Perks

Higher cashback and caps with OKX VIP levels

Pros and cons

What's good

No card, transaction or FX fee from OKX
Only a 0.1% conversion spread
Up to 10% back for VIP users

What's not

Regular users' cashback is capped at €10 a month
Cashback only on USDG, not USDC
Custodial, on an exchange
Europe only, and some details like ATM fees aren't published

Our take on OKX Card

OKX brought its card to Europe in January 2026. It spends USDC or USDG from your OKX Pay account, and OKX doesn't add card, transaction or FX fees, so the only cost is a 0.1% market spread when your stablecoins are converted. That makes it one of the cheapest exchange cards to use day to day.

Cashback depends heavily on your VIP level. Regular users get 2%, but it's capped at €10 a month, which is just $500 of spending. VIP levels raise the rate to 4% to 10% with caps up to €1,000. Only USDG purchases count, so hold USDG if you want rewards.

A low-fee stablecoin card for Europeans on OKX. Great for VIP traders, modest for everyone else.

How we scored OKX Card: 6.4/10

Methodology

Fees 30%

9 No OKX card or FX fees, just a 0.1% spread.

Rewards 20%

6 Strong for VIPs, capped at €10 a month for regular users.

Control 20%

5 Custodial exchange account, some terms unpublished.

Reach 15%

5 EU and Norway only.

Flexibility 15%

5 Two stablecoins only.

OKX Card FAQ

How much does the OKX Card (Europe) cost?

Not stated. Annual or membership fee: No card fee.

Does OKX Card have cashback?

2% to 10% on USDG spend, VIP-based. Regular: 2%, capped at €10 a month.

What are the OKX Card FX and ATM fees?

FX: No FX fee from OKX. Mastercard's rate applies. ATM: Not stated.

Where is OKX Card available?

EU countries plus Norway. Launched 28 January 2026. Iceland and Liechtenstein are excluded, and it isn't offered outside Europe.

Is OKX Card self-custody?

Funds sit in your OKX Pay account (custodial).

Sources

OKX Learn: OKX Card Europe explainedFees, cashback table, countries, launch date
FinTech Global: Digital asset spending surges through OKX Card in Europe2026 coverage

We checked these sources on 16 October 2026. Fees and rewards change often. Spotted something out of date? Report a correction and we'll check it within two working days.