Dominic Cox (@DominicGCox), Head of PR at 1inch, on whether the debate about finance coming onchain has ultimately been settled.
‘'It was never a war, it was just a debate and that debate has been settled. Because now we have stablecoin payments adopted, New York Stock Exchange, 24/7 tokenized trading, theres no way out for the naysayers anymore.’'
3.1/ 5
Our score
Fair
What is 1inch Card?
1inch Card is a prepaid Mastercard for spending supported crypto online, in stores and at ATMs. Crypto Life powers the card, Baanx developed it in partnership with the program, and Monavate issues it. Apple Pay and Google Pay support covers contactless and mobile payments.
Who is behind it
The card belongs to the broader 1inch ecosystem, co-founded by Sergej Kunz and Anton Bukov. They launched the initial 1inch project at the ETHGlobal New York hackathon in May 2019. The wider 1inch Network raised $2.8 million in August 2020 in a round led by Binance Labs, with investors including Galaxy Digital, Greenfield One, Libertus Capital and Dragonfly Capital. In December 2020, it attracted $12 million from investors including Pantera Capital, ParaFi Capital and Nima Capital. Amber Group led its $175 million Series B in December 2021, joined by investors including Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund.
How the card works
When a cardholder pays or withdraws cash, supported crypto is converted into fiat for the transaction. Listed assets include 1INCH, USDT, BTC, LTC, XRP and BXX. The card is prepaid rather than a credit product, and payments can run through Mastercard wherever that network is accepted.
Issuer and availability
Monavate holds FCA authorization as an e-money institution and is a principal Mastercard member. Crypto Life manages the card and its services with Baanx. The card is available for online purchases, in-store transactions and ATM withdrawals, with Apple Pay and Google Pay support.
Track record and risks
In March 2025, an attacker gained unauthorized access to a private key belonging to the owner of a 1inch Labs resolver smart contract. The affected contracts were Fusion v1 resolver contracts, not the 1inch Card. 1inch audited deployed contracts, worked with the DeFi community to flag the attacker’s wallets, and offered a $250,000 reward for information leading to identification.
The card adds issuer and program-manager exposure to the risks of crypto spending. Supported assets are limited to the listed tokens, and converting crypto for purchases can create a tax event depending on the country.
Founders
Sergej KunzCo-founder
Anton BukovCo-founder
Best for:Mastercard crypto spendingApple Pay crypto paymentsOnline and in-store purchasesATM access to crypto funds
Pros and cons
Pros
- Issued by FCA-authorized e-money institution Monavate
- Mastercard accepted online and in stores
- Supports Apple Pay and Google Pay
- Works with listed assets including BTC and USDT
- Allows ATM withdrawals
Cons
- Service exposure includes Crypto Life, Baanx and Monavate
- Supported asset list is limited to listed tokens
- Crypto conversion for spending can create tax events
Our review
3.1/5
Fair
The 1inch Card combines Mastercard acceptance with crypto spending and mobile-wallet support, while relying on a multi-partner structure between Crypto Life, Baanx and Monavate.
The 1inch Card is a prepaid Mastercard issued by Monavate, powered by Crypto Life and developed with Baanx. Because purchases and ATM withdrawals convert supported crypto into fiat at the point of use, the card works online, in shops and at Mastercard ATMs.
Apple Pay and Google Pay work for mobile payments. The card lists 1INCH, USDT, BTC, LTC, XRP and BXX as supported assets. This prepaid setup is designed for spending an existing crypto balance rather than providing credit. Borrowing against a portfolio is described as part of the wider ecosystem, but that remains separate from the card itself.
Crypto-to-fiat spending can create a taxable disposal, depending on local rules.
1inch has a longer history than the card. Sergej Kunz and Anton Bukov launched 1inch in May 2019, and the broader network raised $2.8 million in August 2020 and $175 million in December 2021. In March 2025, an attacker accessed a private key linked to a 1inch Labs Fusion v1 resolver. The incident affected the parent ecosystem rather than the card.
Fees & limits
| Card type | Prepaid |
|---|---|
| Card network | Mastercard |
| Spendable assets | 1INCH, USDT, BTC, LTC, XRP, BXX · unverified |
| Spend stablecoins | Yes · unverified |
| Apple Pay | Yes · unverified |
| Google Pay | Yes · unverified |
| Good for | Everyday spending, Travel, Online shopping · unverified |
| Card issuer | Monavate · unverified |
Not disclosed by the provider: Card format, Custody, KYC required, Business card, Max cashback, Rewards paid in, Staking needed for top rewards, Welcome bonus, Card issuance fee, Monthly fee, Annual fee, Foreign exchange fee, Top-up fee, Crypto conversion spread, ATM withdrawals, Daily spending limit, ATM withdrawal limit, Available in, Not available in, Top-up networks, Card currencies, Perks, Virtual card fee, Referral program.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Crypto-to-fiat payments
Supported crypto is converted into fiat when the cardholder pays online, in stores or at an ATM.
Mastercard acceptance
The prepaid card uses the Mastercard network for purchases wherever Mastercard is accepted.
Mobile wallet support
The card supports Apple Pay and Google Pay for contactless and mobile payments.
ATM withdrawals
Cardholders can use the card for ATM withdrawals, subject to the program's applicable limits and conditions.
Supported crypto assets
Listed assets include 1INCH, USDT, BTC, LTC, XRP and BXX.
Prepaid card model
The product is a prepaid Mastercard, so spending draws on converted supported crypto rather than a credit line.
Inside 1inch Card
1inch Card
The prepaid Mastercard converts supported crypto into fiat for online purchases, in-store payments and ATM withdrawals. It supports Apple Pay and Google Pay.
1inch Swap
1inch Swap lets users swap tokens across 18+ chains. The official site presents it as the wider ecosystem's token-swapping product.
1inch Wallet
1inch Wallet is the mobile DeFi wallet for holding, swapping and tracking tokens. It connects the wallet experience with the broader 1inch product suite.
1inch Portfolio
1inch Portfolio tracks digital assets, portfolio performance and liquidity protocols. It also includes discovery of DeFi staking opportunities.
1inch Business
1inch Business provides a Web3 API suite for integrations, including token-swap and RPC-related infrastructure.
1inch Card screenshots
What users say about 1inch Card
Reddit user e6676e3a described 1inch as having low fees and liquidity almost as good as a CEX. Reddit user 0b03eb6e said 1inch Fusion can take a long time for a quick swap.
In their own words
“Try 1inch.com. Almost as good liquidity as a cex. Low fees.”
“Yes you would need Base ETH for gas. However, swaps on 1inch DEX are now gas free 😀”
“They're pretty similar both, in honesty, although I dislike **1inch** fusion, it can take a long time when you just want a quick swap. Usually I end up using **PickleSwap** these days”
“agreed. Can't find an overview of my limit orders, I have no idea how to switch to polygon. It's terrible. still sometimes serves me the old UX, sometimes it redirects. And because of the lack of limit order overview, I've used it to cancel all my pending orders. What's a good alternative?”
“How to use old website Is there a way to still use the old website? The new one is just not usable.”
“1inch has done great work optimizing same-chain swaps, but for true cross-chain stuff I’ve had smoother runs with rubic it connects 100+ blockchains and routes everything non-custodially in one go.”
Scam warning: Impersonators may contact users through fake job offers or support messages. 1inch says its team and support members will not contact users first.
Scam warning: Look-alike sites and fake services using names such as “1linch” can be used to steal funds.
Based on 155 Reddit posts and comments from the last 12 months, checked Oct 18, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used 1inch Card? Share your experience below.
Funding and investors
$189.8MTotal raised
3Rounds
23Investors
-
Series B Dec 2021 $175MAG Amber GroupCorporate VC Lead AR Alameda ResearchHedge fund CN Celsius NetworkCorporate VCSource
Fenbushi CapitalVenture capital
GF Gemini Frontier FundExchange ventures arm
JS Jane StreetCorporate VC
NE NexoCorporate VC
TC Tribe CapitalVenture capital
VA VanEckCorporate VC
-
Strategic Dec 2020 $12MSource
-
First investment round Aug 2020 $2.8MYL YZi LabsVenture capital Lead DV Divergence VenturesVenture capital DR DragonflyVenture capital FT FTXVenture capital GD Galaxy DigitalCorporate VC GC Greenfield CapitalVenture capitalSource
IOSG VenturesVenture capital
IP Illia PolosukhinAngel investor
LV LAUNCHub VenturesVenture capital
LC Libertus CapitalVenture capital
LL Loi LuuAngel investor
FAQ
Who founded 1inch Card?
The card is part of the 1inch ecosystem, which was co-founded by Sergej Kunz and Anton Bukov. They launched the initial 1inch project at the ETHGlobal New York hackathon in May 2019.
Who issues the 1inch Card?
Monavate issues the 1inch Card. Crypto Life powers it, and Baanx developed it in partnership with the program. Monavate is authorized by the FCA as an e-money institution and is a principal Mastercard member.
Where can the 1inch Card be used?
The 1inch Card can be used for online purchases, in-store payments and ATM withdrawals wherever Mastercard is accepted. It also supports Apple Pay and Google Pay.
Which crypto assets does the 1inch Card support?
The card supports assets including 1INCH, USDT, BTC, LTC, XRP and BXX. The card converts supported crypto into fiat when a purchase or withdrawal is made.
Is the 1inch Card safe?
The card is issued by Monavate, an e-money institution authorized by the FCA and a principal Mastercard member. In March 2025, an attack affected 1inch Labs Fusion v1 resolver contracts, not the 1inch Card product.
Does the 1inch Card have a token?
The wider 1inch ecosystem has the 1INCH token, and 1INCH is among the assets supported by the card. The card itself is a prepaid Mastercard rather than a separate token.
Latest from 1inch Card on X
Gm Moonvember
Next level
Crypto doesn’t have competitors. When things get tough, we only have partners.
That’s why we will win.
That’s why we will win.
We're aware of the Binance exploit and are reaching out to the Binance team to offer our support.
Our risk management team, working with ZeroShadow, SEAL 911, TRM Labs and others, blocked the exploit-linked addresses from the 1inch dApp, 1inch Wallet and 1inch API within the first hour and is adding new ones as they are identified. The same list goes to resolvers and integrators.
Some 1INCH was among the stolen assets. 1INCH is a standard ERC-20 with no freeze or blocklist function, so the stolen tokens can't be frozen by anyone.
We will cooperate fully with Binance and law enforcement on tracing and recovery.
Our risk management team, working with ZeroShadow, SEAL 911, TRM Labs and others, blocked the exploit-linked addresses from the 1inch dApp, 1inch Wallet and 1inch API within the first hour and is adding new ones as they are identified. The same list goes to resolvers and integrators.
Some 1INCH was among the stolen assets. 1INCH is a standard ERC-20 with no freeze or blocklist function, so the stolen tokens can't be frozen by anyone.
We will cooperate fully with Binance and law enforcement on tracing and recovery.
Recent public posts from @1inch, shown as published. Not reviewed or endorsed by CryptoReview.
Latest from 1inch Card on Telegram
1inch
Join
@OneInchNetworkNews · 16.5K subscribers
September round up ⬇️
Tokenization:
→ Passed $7B in total tokenized asset volume
→ Day 1 support of Ondo Intelligent Portfolios. Institutional strategies powered by BlackRock.
New Chains:
→ Monad, HyperEVM, and Cronos launched in two days
→ Live on Аrc
from day 1
Aqua:
→ Crossed $3B in volume.
October’s looking pretty big too 👀
Tokenization:
→ Passed $7B in total tokenized asset volume
→ Day 1 support of Ondo Intelligent Portfolios. Institutional strategies powered by BlackRock.
New Chains:
→ Monad, HyperEVM, and Cronos launched in two days
→ Live on Аrc
from day 1
Aqua:
→ Crossed $3B in volume.
October’s looking pretty big too 👀
763 View on Telegram
Aave aTokens can back Aqua positions straight from your wallet. That turns an Aave loop into something more than leverage.
The loop itself is Aave: supply WETH, borrow WETH, supply it again, repeat. Same asset on both sides, so the ETH price does not open a gap between collateral and debt. The aWETH balance that comes out of it stays in your wallet and keeps accruing Aave interest.
Aqua puts that same balance behind several positions at once: aWETH/aUSDC, aWETH/aUSDT, whatever pairs your collateral covers. Nothing is spent twice, every fill is limited by what the wallet holds at that moment.
The part that makes it possible: Aave reverts any collateral transfer that would leave a loan…
The loop itself is Aave: supply WETH, borrow WETH, supply it again, repeat. Same asset on both sides, so the ETH price does not open a gap between collateral and debt. The aWETH balance that comes out of it stays in your wallet and keeps accruing Aave interest.
Aqua puts that same balance behind several positions at once: aWETH/aUSDC, aWETH/aUSDT, whatever pairs your collateral covers. Nothing is spent twice, every fill is limited by what the wallet holds at that moment.
The part that makes it possible: Aave reverts any collateral transfer that would leave a loan…
563 View on Telegram
Ask your agent what your Aqua margin is. It answers in plain numbers.
1inch MCP connects Claude, ChatGPT or Cursor to your wallet data: balance, open Aqua positions, quoted liquidity and fees. One prompt to try: “What is my current Aqua margin?” The agent returns how much of your wallet balance backs your positions and how much liquidity that margin is quoting right now.
Nothing leaves your wallet. The agent reads, you decide.
Would you let an agent open a position for you, or is reading as far as it goes?
1inch MCP connects Claude, ChatGPT or Cursor to your wallet data: balance, open Aqua positions, quoted liquidity and fees. One prompt to try: “What is my current Aqua margin?” The agent returns how much of your wallet balance backs your positions and how much liquidity that margin is quoting right now.
Nothing leaves your wallet. The agent reads, you decide.
Would you let an agent open a position for you, or is reading as far as it goes?
511 View on Telegram
reDeFine Money is out in digital. The history of DeFi, written by the people who built it, is now open to anyone with a phone.
One line from Michael Egorov, founder of Curve, stayed with us: “If it is real DeFi, no one can take your funds, not even the project you have them in.”
That was the question when Aqua was designed. Should a protocol ever hold your tokens? The answer was no. Aqua contracts hold zero tokens. Your funds stay in your wallet and move only when a swap fills. One wallet can back several positions at once.
Where do you stand: the convenience of a pool that holds your tokens, or a wallet that never lets them go?
The digital edition is here, readable on any device…
One line from Michael Egorov, founder of Curve, stayed with us: “If it is real DeFi, no one can take your funds, not even the project you have them in.”
That was the question when Aqua was designed. Should a protocol ever hold your tokens? The answer was no. Aqua contracts hold zero tokens. Your funds stay in your wallet and move only when a swap fills. One wallet can back several positions at once.
Where do you stand: the convenience of a pool that holds your tokens, or a wallet that never lets them go?
The digital edition is here, readable on any device…
497 View on Telegram
Recent posts from the official Telegram channel @OneInchNetworkNews, shown as published. Not reviewed or endorsed by CryptoReview.
Alternatives to 1inch Card
Self-custodial Mastercard card with €0 issuance, monthly and FX fees
DebitMastercardVirtual · Physical
Mastercard crypto debit card with 600+ spendable currencies and up to 2% cashback
DebitMastercardVirtual
Mastercard credit card paying up to 4% crypto rewards with no annual fee
KYC requiredCreditMastercardPhysical · Virtual
Stablecoin Visa card with 1.4M users across 170+ countries
KYC requiredPrepaidVisaVirtual · Physical
Mastercard stablecoin debit card with 0% transaction and FX fees
DebitMastercardCustodial
Crypto payment card with 2% assetback by default and up to 3% in selected assets
KYC requiredDebitVirtual · PhysicalEurope (EEA) · United Kingdom +4