CL Card is built for one person: the Ledger hardware wallet user who wants to spend crypto without moving assets to an exchange. The 1% BTC cashback and Ledger Live integration sound good on paper, but the 3.75% combined fees on crypto-funded transactions (1.75% conversion + 2% spend fee) wipe out the rewards and then some. Unless you fund with fiat and spend domestically — in which case there are cheaper cards — the economics don't work.
The CL Card is a prepaid visa card linked to your Crypto Life (Baanx) / Ledger account. You can spend stablecoins directly. Top up via crypto, then spend anywhere visa is accepted. Earn 1% cashback in BTC or USDC (US) / BTC or USDT (other regions). 2% if you choose BXX (Baanx token). Paid monthly. cashback on purchases.
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
| Monthly Fee | $0 |
| Conversion Fee | 1.75% crypto-to-fiat conversion fee on every top-up/spend from crypto. |
| Foreign Exchange Fee | 1.75% on cross-border transactions in a currency other than the card's base currency. |
| Top-up Fee | Top-up via Ledger Live or Crypto Life app. Crypto-to-fiat conversion at 1.75%. Additional transfer/network fees may apply. |
| ATM Free Limit | $0/mo |
| ATM Fee After Limit | €3 per withdrawal + 1.5% of amount (UK: £2.50 + 1.5%). No free ATM allowance. |
Note: Conversion at market rate plus the 1.75% fee. A separate 2% card spend fee is charged on each transaction when funded with crypto, bringing total effective cost to 3.75%.
Earn 1% cashback in BTC or USDC (US) / BTC or USDT (other regions). 2% if you choose BXX (Baanx token). Paid monthly. cashback on purchases. Rewards paid in BTC, USDC (US), USDT (non-US), BXX (2% rate).
BXX staking: 5% APR (3 months), 7% (6 months), 9% (9 months), 25% (12 months). Native BTC yield via Lombard and Figment in Ledger Live.
This tier is free to access — no staking, deposits, or spending requirements.
Single-tier card. No premium option. Free virtual card with a $100 crypto top-up. Physical card available (shipping cost may apply). All cardholders get the same features and fee structure.
✓ Two-factor authentication. ✓ Instant card freeze. ✓ Biometric authentication. Custody model: hybrid.
Licenses: Monavate Ltd authorised by the UK FCA for e-money and payment services (FRN: 901097)., UAB Monavate authorised by the Bank of Lithuania for e-money (license #92) covering EEA., US card issued via Cross River Bank, Member FDIC., Crypto Life platform operated by Frozen Time Unipessoal LDA, registered by Banco de Portugal for crypto asset services., Baanx Ltd authorised and regulated by the FCA for crypto asset services.
The CL Card is issued by Monavate (UK/EEA) and Cross River Bank (US). The Crypto Life platform is operated by Frozen Time Unipessoal LDA (Portugal) with Baanx as the technology and service provider. Funds on the card are e-money, not bank deposits — no FSCS or equivalent deposit insurance applies except in the US where Cross River Bank provides FDIC coverage.
Top up your card with 10 cryptocurrencies. Fiat top-ups supported in EUR, GBP, USD.
CL Card is available in the EEA, UK, US (excluding New York and Vermont), Canada, Switzerland, Colombia, Mexico, Brazil, Chile and Costa Rica. Broader than most competitors, though Asian and African markets are not supported.
Ledger adds native BTC yield via Lombard and Figment partnerships, available in Ledger Live alongside the CL Card.
Source →CL Card expands to the United States (excluding New York and Vermont), with Visa network via Cross River Bank, 1% BTC cashback and salary deposit support.
Source →Ledger and Baanx launch the CL Card in the UK and EEA — the first crypto card connected to a hardware wallet.
Source →CL Card is built for one person: the Ledger hardware wallet user who wants to spend crypto without moving assets to an exchange. The 1% BTC cashback and Ledger Live integration sound good on paper, but the 3.75% combined fees on crypto-funded transactions (1.75% conversion + 2% spend fee) wipe out the rewards and then some. Unless you fund with fiat and spend domestically — in which case there are cheaper cards — the economics don't work.
Visit Crypto Life (Baanx) / Ledger to get started with the CL Card.
Visit Crypto Life (Baanx) / Ledger* We may earn a commission when you apply through our links. This does not affect our editorial independence.
