Have u heard bout freedomia card? Up to 5k no-kyc digital

[Don Pedro Dinero]

I have been reading about this card on other forums. It allows you to load up to $5,000 per month without KYC, and here is a summary.

To create an account they only ask for an email address (which you can create with Protonmail or similar) and the name you want to put on the card. You top it up with cryptocurrencies (including bitcoin, obviously).

It's a virtual card that allows you to make online purchases and, with the NFC system, if you add it to Google Pay, you can pay with it in shops and withdraw money from ATMs. It looks like they're going to implement it for Apple Pay soon.

I've seen in Spanish forums that it works very well, the only thing that doesn't usually work well is paying at petrol stations, but otherwise there are good experiences.

I might give it a try.

Has anyone used it?

Any comments?

[OmegaStarScream]

The question that we should ask now is how can they manage to offer such a service, when other providers couldn't? do we know the card issuer?

But if it's legit, I'm pretty sure they would have lots of users even though, the "monthly subscription" seems like a bit too much, and usual for a card provider.

[Yamane_Keto]

monthly spending limit is less than $5,000 across all their services, and there's an annual spending limit between $48,000 and $12,000. While $5,000 might be a KYC requirement, the spending limit will force you to spend significantly less than that.

A monthly limit of $1,000 is still good, but I don't think the card will be widely accepted if you don't complete the KYC process.

[Don Pedro Dinero]

The question that we should ask now is how can they manage to offer such a service, when other providers couldn't? do we know the card issuer?

From what I have seen, the person who set up the company is a Spaniard who created an LLC in the US. Obviously, because with EU regulations, he could not have set that up in Spain. The card supplier is a Hong Kong company.

A monthly limit of $1,000 is still good, but I don't think the card will be widely accepted if you don't complete the KYC process.

The card seems to work well in any shop except petrol stations. After all, it is a VISA card.

For me, that's not a card for depositing thousands of dollars and leaving them there. A reasonable use would be if you want to spend a few hundred privately, this month you deposit $200, next month $400, and you spend it. Not your keys, not your coins.

[Lucius]

~snip~
It's a virtual card that allows you to make online purchases and, with the NFC system, if you add it to Google Pay, you can pay with it in shops and withdraw money from ATMs. It looks like they're going to implement it for Apple Pay soon.

I've seen in Spanish forums that it works very well, the only thing that doesn't usually work well is paying at petrol stations, but otherwise there are good experiences.

I might give it a try.
Has anyone used it?
Any comments?

I see on their website that most services are not yet available (coming soon) and that only the Founder option is available. What I'm interested in (and I didn't find) is the list of supported countries, because even though the service would be expected to work in the EU, I've had experiences that card providers blacklist some countries within the EU for some reason.

What I don't understand is why a Visa card wouldn't work at gas stations? I also doubt that it is possible to withdraw money from an ATM with a virtual card of this type, I personally have not come across any of this type that can do that.

[Don Pedro Dinero]

I see on their website that most services are not yet available (coming soon) and that only the Founder option is available. What I'm interested in (and I didn't find) is the list of supported countries, because even though the service would be expected to work in the EU, I've had experiences that card providers blacklist some countries within the EU for some reason.

They cannot offer that service in the EU due to EU regulations but you can register using Tor and a proton email account or similar, so maximum privacy there. They don't know where you live, so they can't blacklist you.

What I don't understand is why a Visa card wouldn't work at gas stations?

I don't know, it seems that it happens at least in Spanish gas stations because they have a different payment gateway or something.

I also doubt that it is possible to withdraw money from an ATM with a virtual card of this type, I personally have not come across any of this type that can do that.

It is definitely possible if the ATM is a contactless NFC type, but you have to ask them for the PIN number as the ATM requires it.

[Lucius]

I see on their website that most services are not yet available (coming soon) and that only the Founder option is available. What I'm interested in (and I didn't find) is the list of supported countries, because even though the service would be expected to work in the EU, I've had experiences that card providers blacklist some countries within the EU for some reason.

They cannot offer that service in the EU due to EU regulations but you can register using Tor and a proton email account or similar, so maximum privacy there. They don't know where you live, so they can't blacklist you.
~snip~

I wasn't referring to them, but to the company that actually issues the cards. That company is from HK, and there is at least one other service on the forum whose cards are also issued by a company from HK (I'm not saying they are the same company), which does not support some countries within the EU.

Just one small note, although it is claimed that the service is KYC-free, the card issuer sees all transactions, and if there are those that include online orders with delivery to a physical address, you have practically done KYC. That part can then be connected to crypto transactions, which again raises the question of which payment processor is involved in all of this?

[dkbit98]

I have been reading about this card on other forums. It allows you to load up to $5,000 per month without KYC, and here is a summary.

This is the first time I hear about Freedomia card, but it sounds good if current founder fees are locked, and if they really support 3ds and g00glePay.
One thing I always say with crypto cards, is never hold more money than you are willing to lose.

From what I have seen, the person who set up the company is a Spaniard who created an LLC in the US. Obviously, because with EU regulations, he could not have set that up in Spain. The card supplier is a Hong Kong company.

It makes sense, and I know other crypto card services did something similar.

The card seems to work well in any shop except petrol stations. After all, it is a VISA card.

Have you tested this card personally?

[Don Pedro Dinero]

Just one small note, although it is claimed that the service is KYC-free, the card issuer sees all transactions, and if there are those that include online orders with delivery to a physical address, you have practically done KYC.

I don't know who would think of doing that. I mean, you get a non-KYC card and then you leak your own data, which means you've KYC'd yourself. I don't see the point. That's not a problem of the card.

The reasonable use of the card is for paying for purchases in shops where you're not going to leave your details or withdraw money from cash machines (but bear in mind any fees that may be charged by the cash machine).

One thing I always say with crypto cards, is never hold more money than you are willing to lose.

Yeah, that's what I said too.

Have you tested this card personally?

No, but I personally know someone trustworthy who has started using it and says it works amazingly well. This is in accordance to what I've seen in Spanish forums.

I would also like to emphasise that I have no connection with the company and am not trying to promote the product. What's more, as we have said in the thread, if anyone uses it, they should deposit small amounts to spend, never leaving a lot of money there. At the moment it seems to be working well, but it is the typical service that can be blocked, banned or disappear from one day to the next.

[ABCbits]

Any comments?

IMO it sound too good to be true. Even about a decade ago (when many company offer no-KYC virtual debit card), the limit usually is lower with higher top-op (and other) fee. But unlike other no-kyc card, this one doesn't ask for big front-up cost.

Just one small note, although it is claimed that the service is KYC-free, the card issuer sees all transactions, and if there are those that include online orders with delivery to a physical address, you have practically done KYC. That part can then be connected to crypto transactions, which again raises the question of which payment processor is involved in all of this?

You're right. Although people could use anonymous PO box or buy on place that don't ask your identity to partly protect their privacy.