How much does Redotpay charge?
Redotpay charges a 2% top-up fee for crypto deposits, a 3% foreign exchange fee, and a $3 ATM withdrawal fee. Monthly fees vary based on the card tier, starting at $5 per month.
Last verified May 2026 · Feebite Editorial · Not affiliated with Redotpay
In one sentence: Redotpay's fees are competitive for crypto-backed cards, but the 3% FX fee and monthly charges can add up for frequent users.
Quick Verdict
Rating: 3.2/5
Best for: Freelancers in regions with limited banking options who frequently transact in crypto.
Not ideal for: Users seeking low-cost international transactions or those who prefer traditional banking.
Fees Breakdown
| Fee Type | Cost |
|---|---|
| Top-up Fee | 2% |
| Transaction Fee | 0% |
| ATM Fee | $3 per withdrawal |
| FX/Spread | 3% |
| Monthly Fee | $5+ (varies by tier) |
| KYC Tier Fees | None |
Key Facts
| Category | Details |
|---|---|
| Card Type | Visa/Mastercard |
| Crypto Supported | USDT, BTC, ETH |
| Fiat Currencies | USD, EUR, GBP, HKD |
| Country Availability | Global, except sanctioned countries |
| Founded | 2020 |
| HQ | Hong Kong |
| Regulator/License | Hong Kong SFC |
How Redotpay Compares to Crypto.com, Bybit & Wirex
| Provider | Top-up Fee | Transaction Fee | ATM Fee | FX Fee | Monthly Fee | Crypto-friendly |
|---|---|---|---|---|---|---|
| Redotpay | 2% | 0% | $3 | 3% | $5+ | Yes |
| Crypto.com | 1% | 0% | $2.50 | 2% | $0 | Yes |
| Bybit | 1.5% | 0% | $2 | 2.5% | $0 | Yes |
| Wirex | 1% | 0% | $2.50 | 1.5% | $0 | Yes |
Pros
- Crypto Integration: Seamless integration with major cryptocurrencies like USDT, BTC, and ETH.
- Global Reach: Available in most countries, making it accessible for international freelancers.
- No Transaction Fees: Spend without incurring additional transaction fees.
- Visa/Mastercard Acceptance: Widely accepted at merchants globally.
- User-Friendly App: Intuitive app interface for easy management of funds.
Cons
- High FX Fees: The 3% foreign exchange fee can be costly for international transactions.
- Monthly Fees: Even the basic card tier incurs a monthly fee, which can add up.
- Limited Fiat Currencies: Only supports a few fiat currencies, which may not suit all users.
- ATM Withdrawal Costs: $3 per ATM withdrawal is higher than some competitors.
- KYC Process: Lengthy KYC verification can delay card issuance.
Real Use Case: A Freelancer in Nigeria
A Nigerian freelancer receives a $500 USDT payout. After a 2% top-up fee ($10), they convert to NGN with a 3% FX fee ($15), leaving $475. ATM withdrawals cost $3 each, further reducing their funds if cash is needed. Monthly fees of $5 apply if they hold the card long-term.
Who Should Use Redotpay
Freelancers and digital nomads who earn in crypto and live in regions with limited banking infrastructure will find Redotpay useful for converting and spending their earnings.
Who Should Skip It
Those who frequently travel internationally or need to minimize fees should consider alternatives with lower FX and ATM fees, like Crypto.com or Wirex.
How to Get Started
- Sign Up: Visit the Redotpay website and create an account.
- Complete KYC: Submit required identification documents for verification.
- Order Card: Choose your card tier and order your crypto-backed card.
- Top-Up: Deposit crypto (USDT, BTC, ETH) into your Redotpay account.
- Activate Card: Once received, activate your card via the app.
- Start Spending: Use your card globally wherever Visa/Mastercard is accepted.
Frequently Asked Questions
Is Redotpay safe?
Redotpay is regulated by the Hong Kong SFC and employs standard security protocols, but users should always exercise caution with crypto transactions.
Can you withdraw to a bank?
Yes, Redotpay allows users to convert crypto to fiat and withdraw to linked bank accounts, subject to fees.
What are the fees for using Redotpay?
Redotpay charges a 2% top-up fee, 3% FX fee, and a $3 ATM fee, with monthly fees starting at $5.
How does Redotpay compare to Crypto.com?
While both offer crypto-backed cards, Redotpay has higher FX fees and monthly charges, but similar transaction fee structures.
What fiat currencies does Redotpay support?
Redotpay supports USD, EUR, GBP, and HKD for fiat transactions.
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