Cypher is a self-custodial multi-chain crypto wallet and card product founded in 2021 by Kuberan Marimuthu and based in Palo Alto, California, having gone through Y Combinator's Winter 2022 batch. Cypher supports funding from tokens across Ethereum, Solana, Cosmos, Tron and other networks, and raised a $4.3 million seed round led by Y Combinator in 2023.
The Cypher Card is a crypto debit card offered by Cypher, available in 160+ countries. It offers 1-5% + CYPR tokens cashback across 2 reward tiers, giving users the ability to earn higher rates as they increase their commitment. There is no annual fee to hold this card.
It is a strong fit for privacy-conscious users who want to keep custody of their keys while spending. It runs on the Visa network and requires standard identity verification.
| Tier | Rate | Requirement |
|---|---|---|
| Standard | 1% | Free plan, 0.5% USDC top-up |
| Premium | 1% | $199/yr, 0% USDC top-up, metal card |
Note: Non-custodial (self-custody, retain own keys; funds converted at point of sale). CYPR token launched Oct 5, 2025 on Base (Binance Alpha, KuCoin, Aerodrome); protocol epochs began Oct 9, 2025. Base reward 0.17 CYPR per $10. Up to 5% at partner merchants + up to 35% in CYPR via governance voting (bi-weekly cycles, lock CYPR as veCYPR to direct merchant emissions). $20.5M net card spend in 2025 (#2 among major crypto cards). Supports 25+ chains, 500+ tokens. Top-up fee 0.5% USDC / 1% other tokens (free on Premium). 1% FX, 3% ATM. Physical card $50. Backed by Y Combinator, Coinbase Ventures, Samsung Next.
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The Cypher Card is a crypto debit card offered by Cypher. It is available in 160+ countries and allows users to spend cryptocurrency at merchants worldwide.
The Cypher Card offers 1-5% + CYPR tokens cashback. There are 2 tiers: Standard (1%), Premium (1%).
The Cypher Card has an annual fee of $0 (Premium $199/yr). Additional fees: Conversion fee: 0.5% USDC / 1% other tokens (free Premium); FX fee: 1%; ATM: 3%; Top-up: 0.5% USDC / 1% other (free Premium).
The Cypher Card is available in 160+ countries. Its availability status is "Global".
The Cypher Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Yes, the Cypher Card is a non-custodial (self-custody) card. This means you retain control of your private keys and your crypto is not held by a third party. Funds are only converted at the point of sale, reducing counterparty risk compared to custodial alternatives.
Yes, the Cypher Card supports Apple Pay and Google Pay for contactless payments.
Want to see your annual earnings? Use the ROI Calculator to estimate net cashback at your spending level.