redotpay.com — Bitcoin-Check
RedotPay
Bitcoin-Check: this program is ranked in our database but not fully listed — this page answers whether it is a real bitcoin card and what happens to your BTC.
A heavily-marketed APAC crypto card whose fees and terms we could not independently verify (bot-blocked pages) - a verify listing: confirm the current fee schedule and issuer on their terms page before loading funds.
The bitcoin flow
Source note
Crypto top-up free; card/PayPal top-up 3% (min $1); Binance Pay 1%. Program confirmed live: official card page (Wayback 2026-09-03) markets physical+virtual cards, Apple Pay/Google Pay integration, 8M+ users; help-center fee article updated 2026-07-24.
The honest answer
Overview
RedotPay is not a real bitcoin card in the way most holders want - you cannot load BTC directly onto the card, and when you top up with crypto, your bitcoin is converted via an in-app swap. The program, run by a Hong Kong-based crypto-native firm founded in 2023, offers Visa prepaid cards (physical and virtual) with Apple Pay and Google Pay support. It markets to APAC and global users, emphasizing stablecoin spending (USDT, USDC). The bitcoin flow breaks early: BTC is sold during conversion, triggering a taxable event, and rewards are not paid in sats.
Fees in practice
RedotPay charges a $10 fee for a virtual card and $100 for a physical card - both one-time and non-refundable. There are no monthly or annual fees. Top-ups with cryptocurrency are free, but a 1.00% “transaction fee” applies to crypto conversion. Spending in a non-default currency incurs a 1.20% FX fee. ATM withdrawals cost 2% (up to $10,000 monthly) and 3% beyond that. A $50 chargeback fee applies. For a $1,000 spend using BTC: you pay the 1.00% conversion fee ($10) plus any FX fee if applicable - say $12 total if foreign exchange is used.
Verdict
Do not load large amounts without verifying the current terms and issuer directly on RedotPay’s site. The card is not suitable for bitcoin holders who want to preserve their BTC exposure - it converts your bitcoin early and offers no sats-based rewards. It may serve stablecoin users in APAC who accept the custody risk and complex fee structure.
The bitcoin flow
Bitcoin gets onto the RedotPay card only through in-app conversion - you deposit BTC, and it’s immediately swapped into fiat or stablecoins to fund your balance. The exact moment your bitcoin is sold is not documented, but since loading requires conversion, it likely happens at the time of top-up, making that the tax moment in most jurisdictions. At the point of spending, the card draws from your funded balance in the card’s currency (USD or HKD). There is no Lightning Network support, and the minimum top-up amount is not documented.
Rewards
RedotPay does not offer cashback or rewards in bitcoin. The base card has no cashback - instead, it runs a points program where points can only be used in prize draws and cannot be cashed out. The optional RedotPay Pro subscription ($12.90/month) offers 3% cashback, but only on Apple Pay and Google Pay purchases, capped at $18/month, paid in non-withdrawable “USDs” credit that expires in 30 days.
Custody & risk
Your funds are held in a custodial account by RedotPay, a Hong Kong-based entity whose full regulatory status and issuing bank are not verified. The company claims MSB/TCSP/VASP licenses, but these have not been independently confirmed. External sources include a Reddit thread documenting frozen accounts with funds held, and another reporting payout delays. The site blocks automated verification (HTTP 403), meaning key details like terms and issuer remain difficult to confirm. Since the information has not been fully verified through independent access, a small test load is strongly advised before depositing significant funds.
Pros & cons
Pros
- Broad APAC availability and global marketing
- USDT/USDC top-ups documented
Cons
- Fee schedule not independently verified (site bot-blocked)
- Full KYC (HK-based program)
- Heavy affiliate marketing around it - claims deserve extra scrutiny
- Issuer/BIN details not verified
Factsall documented fields
| Card type | Prepaid · Visa · Physical + virtual |
|---|---|
| KYC | Full KYC |
| KYC trigger | Identity verification marketed as required only at higher tiers - actual policy requires verification (HK-based program) |
| Custody | Custodial |
| BTC load | BTC via in-app conversion |
| BTC sale timing | Not documented |
| Lightning | no |
| Issuance | Virtual card $10, physical card $100 (one-time, non-refundable; per three consistent 2026 reviews - official fee table is JS-gated) |
| Monthly fee | none |
| Top-up fee | 0% |
| FX fee | 1.2% |
| ATM fee | 2% |
| Cashback | none |
| Regions | APAC, GLOBAL |
| Apple Pay | yes |
| Operator | RedotPay |
Score breakdownoverall 4.7/10
FAQ5 questions
Is this a real bitcoin card, and when is my bitcoin sold?
Is KYC required to use RedotPay?
What fees does RedotPay charge in practice?
Does RedotPay pay rewards in bitcoin or sats?
Is RedotPay safe and who holds my funds?
On the website2 captures
Sources19 fetched & dated
Every claim traces to a source we fetched and dated. Community sources are individual threads, not paid reviews.
- RedotPay is holding my payout funds - refusing to credit my account or refund the sender
User reports RedotPay holding payout funds, refusing to credit the account or refund the sender.
- Redotpay card issue
Card issue thread incl. payment rejections (per search snippet).
- Redotpay card amazon transaction issues
Amazon transactions failing on the RedotPay card.
- RedotPay Raises $40M in Series A Funding
Hong Kong-based RedotPay raised a $40M Series A led by Lightspeed (with HSG, Galaxy Ventures, DST Global Partners, Accel, Vertex Ventures); CEO Michael Gao. Series-A timing consistent with a 2023 founding.
- RedotPay (HTTP 403 to our crawler - bot-blocked)
Site blocks datacenter IPs (HTTP 403); product existence documented, terms/fees require alternate-route verification.
- RedotPay Card page (Wayback snapshot 2026-09-03)
Official card page snapshot: physical + virtual cards marketed ('Spend Crypto Like Cash at 130M+ Merchants'), 'No annual fees', 'Apple Pay/Google Pay Integration' on the virtual card, 'Join 8 Million+ Users'. Proves the card program is live and marketed as of 2026-09-03; redotpay.com itself 403-blocks datacenter IPs.
- RedotPay Card Limitations & Fees (updated 2026-07-24) - official fee table image, effective 2025-12-01
The article body embeds the fee schedule as an image; both were fetched (article JSON endpoint 200, image 200) and the table was read: virtual $10 / physical $100 application; account maintenance waived (monthly+annual); deposits free; default-currency transactions waived; non-default currency 1.20%; crypto conversion transaction fee 1.00%; ATM 2.00% HKD card, USD card 2% <= $10,000/month then 3%; limits $100k/transaction, $1M/day, ATM $3,750/day + $50k/month (USD BIN; some countries $3,000/$10,000), 23,000 HKD/day + 75,000 HKD/month (HKD BIN); effective from December 1, 2025. No cashback row exists in the fee table.
- RedotPay help center, Pro membership
Cashback: Earn 3% cashback on Apple Pay and Google Pay purchases (up to $18 per month). Monthly Membership: $12.90 / month. Annual Membership: $129.00 / year. Annual members receive a $1,000 monthly waiver for ATM fees.
- How Points Work (official help center)
The base product's reward mechanism is Points (earned by spending, referrals, missions) redeemable only as prize-draw tickets inside the app: 'They can't be cashed out, transferred, or traded.' Not cashback.
- WHOIS redotpay.com
Domain redotpay.com created 2023-03-24 - matches the reported 2023 founding of the company.
- RedotPay Review 2026: More Than a Crypto Card - Coin Bureau
In-depth 2026 review: card setup fee $10 virtual / $100 physical (mailing waived), transaction fee 1.00% (virtual), 1.5% min $0.50 on selected merchants with up to 3 waivers/month, card/PayPal top-ups 3% (min $1), credit interest 0.05%/day simple. KYC = ID photo + face scan, sometimes personal statement. Card can be frozen after repeated wrong PIN/CVV entries. Praises breadth (card+wallet+transfers+credit), criticizes fee stacking and regional restrictions.
- Bleap analysis, custody and freeze powers
'RedotPay was founded in 2023 and is headquartered in Hong Kong. It was co-founded by Jonathan Chan and Michael Gao.' Also confirms: Pro ($12.90/mo or $129/yr) adds 3% Apple Pay/Google Pay cashback capped $18/month; base card has no meaningful cashback.
- RedotPay Crypto Card Review 2026 - CryptoSlate
Stablecoin spending card in 100+ countries: issuance $10 virtual / $100 physical (non-refundable, 10/100 USDT), $0 monthly/annual/dormancy, 1% conversion + 1.2% FX cross-currency, ATM 2% up to $10,000/month then 3%, $50 chargeback fee (60-day window, 3-6 months resolution), issuing bank undisclosed. Verdict: narrow but coherent - hold stablecoins outside the US, fund on-chain for free, spend at Visa merchants at $0/month with 1.2% FX.
- RedotPay help center, complete fee table
Account Maintenance Waived Including monthly and annual fees Effective from December 1, 2025
- RedotPay help center, identity verification
Identity checks are required before you can use RedotPay.
- RedotPay help center, supported cryptocurrencies
You can deposit major cryptocurrencies to RedotPay, including USDC, USDT, BTC, ETH and more.
- CoinDesk on the Binance lawsuit
Binance has sued Hong Kong-based RedotPay and its founders, alleging the firm diverted about 470,000 Binance c
- CoinDesk on IPO preparation
The company also completed a separate review of its anti-money-laundering and counter-terrorist-financing cont
- CoinBureau review
under several recognised regulatory frameworks , including VASP authorisation in Argentina , MSB registration in Canada , a FinCEN-registered MSB status in the