OKX Crypto Card for Africa explained
OKX launched the OKX Card on 22 July 2026 across selected African countries to spend stablecoins via the Mastercard and Visa network. The OKX Card supports USDT, USDC and USDG as payment currencies, which are automatically converted to local currencies at the moment of purchase. OKX charges no transaction fees or foreign exchange fees (as of July 2026); only a 0.1% market spread applies to conversion. The OKX Card is a crypto payment card that lets eligible African users spend their stablecoin balances anywhere Mastercard or Visa is accepted.
What is a crypto card?
A crypto card is a payment card linked to a crypto or stablecoin balance rather than a traditional bank account. At the moment of payment, the card automatically converts the crypto or stablecoin balance to the local fiat currency, so the merchant receives a standard fiat payment via the card network. The OKX Card is a crypto card designed specifically for the African region that uses stablecoins (USDT, USDC and USDG) as the payment source, operating on the Mastercard and Visa network.
How does the OKX Card work?
The OKX Card is linked to OKX Pay in the app, the digital payment ecosystem of OKX. Payments work as follows:
Your OKX Pay account holds USDT, USDC or USDG.
At checkout, OKX converts the stablecoin balance to your local currency at the moment of payment.
The merchant receives a standard payment via the Mastercard or Visa network.
OKX applies a 0.1% market spread on conversion; no additional transaction fees or FX fees from OKX.
Stablecoins remain in the user's wallet until the moment of purchase. [Apply for OKX Card button goes here]
What are the OKX Card fees and terms?
The OKX Card automatically converts USDC or USDG to local currency at the moment of purchase, via the Mastercard network, with no transaction or FX fees from OKX, only a 0.1% market spread applies.
Fee item | Amount (as of July 2026) |
Card fee | None (from OKX) |
Transaction fee | None (from OKX) |
Foreign exchange fee | None (from OKX) |
Market spread on conversion | 0.1% per transaction |
Cashback on USDG payments | 2-10% based on VIP tier |
APY on USDG balance | 4-10% based on VIP tier |
Supported payment currencies | USDT, USDC, USDG |
Network | Mastercard, Visa |
Availability | Ghana, Nigeria, Uganda, Rwanda, South Africa (as of July, 2026) |
Cashback applies only to purchases where USDG is the active payment currency. USDT, USDC payments do not earn cashback.
Where can you use the OKX Card?
The OKX Card works at any point of sale worldwide that accepts Mastercard or Visa, both in-store and online.
How much cashback do you earn on the OKX Card per VIP level?
The OKX Card pays 2% to 10% cashback in USDG on USDG-funded purchases, depending on the user's OKX VIP level; the monthly cap ranges from up to $800 VIP 3 users and above (rates from July 22, 2026).
VIP Level | Cashback Rate | Monthly Cap |
Non-VIP | 2% | $5 |
VIP 1 | 4% | $100 |
VIP 2 | 4.5% | $200 |
VIP 3+ | 8% | $800 |
VIP 4+ | 10% | $800 |
How much APY do you earn on USDG balance on OKX Pay?
VIP Level | APY Rate | Balance Cap |
Non-VIP | 4% | $10,000 |
VIP 1 | 6% | $10,000 |
VIP 2 | 8% | $10,000 |
VIP 3+ | 10% | $10,000 |
How does the OKX Card differ from a traditional payment card?
The OKX Card differs from a traditional payment card in that the payment source is not a bank balance but USDT, USDC or USDG held in OKX Pay; conversion to local currency happens automatically at the moment of purchase via the Mastercard or Visa network, with no manual pre-conversion or top-up required.
Feature | OKX Card | Traditional payment card |
Payment source | USDT, USDC or USDG in OKX Pay | Bank balance or credit limit |
Conversion | Stablecoin to local currency at moment of purchase | None (local fiat to local fiat) |
Card fee | None (from OKX) | Depends on bank or provider |
Network | Mastercard or Visa | Mastercard, Visa or other |
Requirement | Verified OKX account (KYC) | Bank account |
Available in Africa | Yes (Ghana, Nigeria, Uganda, Rwanda, South Africa as of July, 2026) | Depends on issuer |
How do you apply for the OKX Card?
Step 1: Create an account and complete KYC
Create an account and complete advanced identity verification (KYC). You need a valid ID document and proof of address.
Step 2: Activate OKX Pay and deposit stablecoins
Activate OKX Pay in the OKX app. Deposit USDT, USDC or USDG into your OKX Pay account via the Convert feature or via an external wallet address.
Step 3: Apply for the OKX Card
Go to the OKX Card page in the OKX app or on the website and follow the application steps.
Step 4: Activate and use the card
After receiving the card, activate it in the OKX app. The OKX Card is immediately usable at any Mastercard or Visa terminal in selected countries.
Conclusion
The OKX Card is available as a crypto payment card on the Mastercard and Visa network in Africa. The OKX Card uses USDT, USDC and USDG, converts automatically to local currency at the moment of purchase, and charges no transaction or FX fees from OKX, only a 0.1% market spread.
