A crypto trading platform with a card funded in USDT, for spending crypto income online. You add money by depositing crypto or by buying it through a third-party provider.
Status
| StatusWhether an Algerian can open it and whether it works. Not how many features it has. | Works |
|---|
Account details
| EUR IBANAn address for receiving euros from within the EEA, in your own name. | No |
|---|---|
| GBP accountAn account number and sort code for receiving British pounds from within the UK. | No |
| USD ACHAccount and routing numbers for receiving dollars sent from inside the United States. The cheap everyday rail — but the sender must be in the US. | No |
| USD wireDetails for receiving dollars sent from outside the United States. Works from almost anywhere, but costs more and takes longer than ACH. | No |
| StablecoinAn address for receiving stablecoins such as USDT or USDC. | Yes |
What it costs
| Compared across banks | |
|---|---|
| OpeningA one-off charge to open the account. | Free |
| MonthlyWhat the account costs every month on the cheapest usable plan. | Free |
| Foreign spendCharged when the card currency differs from the merchant currency. | 3.5% Up to 3.5% on every payment, including payments in US dollars. |
| ATMWhat it costs to withdraw cash at an ATM. | Not supported |
| Virtual cardA one-off charge to issue a card that exists only in the app. | Free Applying for the card needs a balance in your account. Pionex sets the amount, which is not fixed, and shows it on the application screen. It only has to be there when you apply, and is not charged. |
| Physical cardA one-off charge to issue a plastic card posted to you. | Not supported |
| What else Pionex charges | |
| Depositing crypto | $0 Minimum 1 USDT on TRC20, and 0.1 on BEP20 and Solana. A client cannot pay you in ordinary money. |
| Buying crypto with EUR | No rate published Handled by third-party providers, paid by SEPA or Visa/Mastercard. Always compare the live rates in the app. |
| Buying crypto with USD | No rate published Handled by third-party providers, paid by Visa/Mastercard only. Always compare the live rates in the app. |
| Withdrawing crypto | About 1 USDT on TRC20 A crypto withdrawal is the only way out. TRC20 is the cheapest network; the same withdrawal costs about 15 USDT on ERC20. |
| Spot trading | 0.05% |
| Futures trading | 0.05% An order that adds liquidity to the book pays 0.02%. |
Card
| TypeWhether the card is virtual, physical, or both. | Virtual |
|---|---|
| NetworkWhich network the card runs on — this decides where it is accepted. |
Opening an account
| Sign-upWhich identity documents you need to open the account. | National ID OK |
|---|
| PayingWhether you can use it to pay with PayPal. | No |
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| WithdrawingWhether you can move money from PayPal into it. | No |
Bank account — Pionex issues no personal IBAN or ACH details to link. Card — The Pionex Mastercard cannot be linked to PayPal. An Algerian PayPal account can only link a US bank account. PayPal charges a flat $5 for an on-demand card withdrawal, and nothing for a scheduled monthly payout. This applies to every card, not just this one. | |
Pionex in particular
| Crypto deposit networks | Five more beyond TRC20, BEP20 and Solana ERC20, Arbitrum, Avalanche C-Chain, Optimism and PLASMA are also supported. |
|---|---|
| How to fund it from Algeria | A foreign card, or a crypto deposit Use a card from another bank on this site with the Third-Party buy option. |
| Trading bots | 16+, no subscription |
| Card cashback | 0.1% to 1%, no cap A few merchant categories earn nothing. |
| Address verification | Not supported A checkout that requires an address check may refuse the payment. |
