CryptoLife Card
by Baanx Group Ltd
The Crypto Life (CL) Card, powered by Ledger and Baanx, is a crypto-to-fiat debit card that offers a unique 'Cryptodraft' feature, allowing users to spend up to 60% of their collateral value as a secured credit line. The card functions primarily as a debit card where you fund a spending wallet. Spending balance is custodial (held by Baanx), while the integration with Ledger allows easy transfers from self-custody.
Unique Features
- Manage card directly within Ledger Live hardware wallet interface
- Switch between debit mode and credit mode (Cryptodraft)
Pros
- Seamless integration with Ledger Live
- Option to spend (debit) or borrow (credit)
- 0% interest on loans up to 10% LTV
- Up to 2% rewards in BXX
Cons
- Spending funds are custodial (not self-custody)
- 3.49% fee for bank withdrawals from platform
- Crypto-to-fiat conversion 1.75% and Card Spend 2% on platform fee schedule
- ATM cash: €2.50 (UK) / €3.00 + 1.5% (foreign) per FID
- US availability is limited/waitlisted
Integrations & Tech
Available In (28)
Fee Structure
ATM Capabilities
Detailed Limits
Dynamic based on collateral value. Max collateral: 2.5 BTC or 32 ETH
Fee Details
Crypto to Fiat / Fiat to Crypto conversion 1.75% (CL Platform Fees). Card Spend 2% on platform fee schedule. Bank withdrawal via transfer 3.49%. Deposit via bank transfer Free (EUR/GBP); card-load deposits: EUR €2 below €56 else €0.60+2.49%; GBP £1.99 below £51 else £0.50+2.49%. ATM (FID Monavate 03/11/2023): UK cash €2.50; foreign cash €3.00 + 1.5%; ATM balance enquiry €0.35 (balance shows 0). FX on debit payments 0% (FID). Cryptodraft: 0% interest on first 10% LTV, 1% MPR on remaining up to 60% LTV.
Limits & Conditions
ATM balance inquiries not supported (shows 0). Spending limits dynamic / profile-only. Max Cryptodraft collateral deposit: 2.5 BTC or 32 ETH.
Crypto Capabilities
Security & Custody
Supported Assets
