cbank.ws

What It Is

CBank Card is a crypto-collateralized payment card service under Rokutel International SA, with its operating entity registered in Uruguay. The product is positioned as a way for users to spend using crypto assets such as USDC and USDT as collateral at online and offline merchants that accept Visa; its terms of service also mention use at merchants that accept Visa/Mastercard. It is not a traditional credit card. The official website states that no credit check is required, while merchants receive payments just like with a normal card transaction.

Core Features and Coverage

In terms of functionality, CBank Card offers virtual cards, physical cards, cryptocurrency deposits and withdrawals, account management, and transaction history, along with security controls such as spending alerts, card freezing, and PIN changes. Account opening requires downloading the app and completing KYC, including name, email, date of birth, SSN/national ID, government-issued ID, and a selfie. KYC is usually completed within seconds, though more complex cases may take up to 72 hours. As for availability, the official website says the service can currently be used in many U.S. states, Latin America, and the Caribbean, but it does not provide a full country list. Users from Cuba, Venezuela, Nicaragua, Russia, North Korea, Syria, Iran, and regions including Crimea, Luhansk, and Donetsk are not allowed to register.

Pricing and Settlement

Fee disclosure appears in two layers. The FAQ states that the deposit fee is 0%, the minimum deposit is USD 2, and the monthly fee, virtual card fee, physical card fee, and delivery fee are all USD 0. It also says CBank Card does not charge gas fees or conversion fees, though users may still pay gas fees to the blockchain network. On the other hand, the terms of service reserve the possibility of charging deposit fees, card issuance fees, transaction fees, ATM withdrawal fees, currency conversion fees, and other fees. Actual rates should be confirmed based on the latest information shown in the app and on the website. Crypto deposits depend on network confirmations, and withdrawals may be delayed due to security checks. No specific settlement timeframe is disclosed.

Compliance, Risk Controls, and Integration

On compliance, the platform requires KYC and excludes sanctioned countries and regions. Card services are provided by partner licensed card issuers and payment processors, but the specific institutions, license numbers, and regulatory details are not disclosed. Risk controls include transaction blocking, spending limits, prohibited activities, and the suspension or cancellation of cards and accounts in cases of suspected fraud or regulatory concerns. No API or developer integration information is disclosed; the service is primarily aimed at individual users via the app.

Pros, Cons, and Best-Fit Users

The main advantages are a clear path for spending stablecoins, apparently low basic fees, no credit check requirement, and support for global Visa merchant scenarios. The drawbacks are opaque regional coverage, the need to double-check actual fees, limited information on licensing and issuing partners, and the fact that crypto assets are not protected by FDIC or SIPC insurance and carry volatility risk. It is better suited to individual users in supported regions who already hold USDC/USDT and want to use crypto assets for everyday spending. Availability for access and registration from China is not stated in the available text and should be treated as “unknown.” Comparable alternatives include Crypto.com Card, Coinbase Card, Wirex, Bybit Card, and RedotPay.