A crypto card that almost no one outside Argentina can use, weighed against its fees and limits

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

Belo is a crypto payments app with a prepaid Mastercard, and on paper it looks friendly: no issuance fee, no shipping fee, no monthly maintenance, and a minimum cost of around 0.30 USDT on international transactions. The catch is right at the top of the eligibility list. Belo lets you open an account in twelve Latin American countries, but the Mastercard itself is only issued to people who hold an Argentine ID and have a delivery address inside Argentina. If you live in Brazil, Mexico, Colombia, Chile or any of the other eight listed countries, you can download the app, verify your identity and look at the “Tarjetas” screen, but the card option is marked unavailable. For everyone outside Argentina the score in this review lands low, not because Belo charges a lot, but because the gate is the nationality check, not the fees.

I went through Belo’s public pages in October 2026 and pulled the figures that follow directly from there. Where I could not find a number on Belo’s own site I have said so plainly, and where a fact comes from a third-party report I have flagged it as unofficial.

Conditions are current as of October 28, 2026.

Verdict

Belo scores 5.5 out of 10 in my review. Two things push the score down. The first is who can actually be issued the card: an Argentine ID document plus an Argentine delivery address, while everyone else gets an account but not a Mastercard. The second is the silence on some of the things I would want to know before trusting a card with my money, such as the name of the issuing bank, the spread on crypto conversion, the FX markup on payments abroad, and the supported coins and networks. Two things push the score up. The headline costs are genuinely low: zero to issue, zero to ship, zero monthly, plus a small minimum on international transactions. And the card works in a way most people expect: a virtual and physical Mastercard, Google Pay, ATM withdrawals in Argentina and PIN management inside the app.

The audience this card actually fits is an Argentine resident with an Argentine ID, a peso income and some crypto on the side, who wants a prepaid Mastercard they can top up in crypto and spend in shops or at ATMs. If you do not fit that profile, the rest of this review will mostly tell you what you would be turning down by trying to use Belo from somewhere else, and where else you might look instead.

Who can get the Belo card

This is the section that decides whether the rest of the review matters to you. Belo opens accounts in twelve countries, but the card lives behind a tighter door.

The account vs. the card

The belo account, the wallet you fund and spend from, is open to people with identity documents issued in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Panama, Paraguay, Peru, Uruguay or Venezuela. So far, so wide. The Mastercard, on the other hand, is only available to people with an Argentine ID document, either a DNI (Documento Nacional de Identidad) or an Argentine passport, and a delivery address inside Argentina. The card option is explicitly marked unavailable in the other eleven countries. In other words, the app may let you in, but the card is for Argentinians.

The rule is by ID document and citizenship plus the address where the physical card is shipped, not by where you happen to be standing when you tap the download button.

What documents Belo accepts

For Argentina the app accepts a DNI, a foreigner’s national ID, or a passport. Belo’s help text is unusually strict on this point: only the documents listed will be accepted, and unlisted documents are auto-rejected. If your travel document is a Mercosur ID, a consular card, or anything else not on that list, expect a hard no. Proof of address and proof of age are not stated on the page that lists ID types, but proof of address becomes relevant if you later want to raise your card limits, and proof of funds origin can be requested as well.

What about the other eleven countries

If you verify with a Brazilian, Mexican, Chilean or any other Latin American ID from the list, you should be able to open an account and look around. What you will not be able to do is request a Mastercard. That makes Belo a regional app that is happy to hold a balance for a wide range of users but only issues a card to one nationality. If you live in Bolivia or Uruguay and you were hoping to get a card there, this is the wall.

How to sign up

The flow Belo describes on its public pages is short: open an account, verify with one of the accepted IDs, request a card in the “Tarjetas” section of the app, then activate the physical card when it arrives. Each of those steps has a small but real cost in time or in documents, and the cost is mostly about identity, not about money.

Step by step

1. Download the app and open an account. You start by entering your details and choosing your country from the twelve listed above.
2. Verify your identity. You upload the ID document that Belo accepts for your country. For Argentina, that means a DNI, a foreigner’s national ID or a passport. Anything else is auto-rejected, so it pays to read the list before scanning.
3. Request a card. Inside the app, open the “Tarjetas” section and ask for a card. This is also where you will see, without ambiguity, whether the card is available in your country. If the country is one of the other eleven, the card option is greyed out.
4. Activate the physical card. When the card arrives in the mail you activate it in the app, set a four-digit PIN for ATM use and start spending. The PIN can be changed in the app later.

Proof of address and limit raises

Belo does not state on the card pages that proof of address is needed to start. It is needed, however, if you want to lift the default limits, and Belo gives you the same mechanism for proving where your funds come from. Treat those two extra documents as the price of a higher ceiling rather than as a sign-up requirement.

Shipping

The physical card ships to an Argentine address only, in approximately three business days from request to arrival, with shipping charged at $0. If you need a replacement later, the cost is 2.50 USDT, which is the only fee you will pay on the card itself in normal use.

What the Belo card really costs: fees

This is the section Belo can be proudest of. The fee schedule on the public pages is short, and almost every line on it is $0.

Two things are missing from this picture and worth flagging.

First, the FX markup on payments abroad and the spread on crypto-to-fiat conversion are not stated on the pages I read. The card is described as settling international payments in US dollars with the same taxes as any Argentine-issued card, but the percentage the user pays on top of the bank rate is not given. If you intend to use Belo for travel spending, you will need to compare the final amount in pesos against the rate you could have got elsewhere, because the published fee of 0.30 USDT is a minimum, not a percentage.

Second, the daily limit is set in Argentine pesos and looks enormous at $20,000,000 ARS, but the cap that matters across both cards is the consolidated monthly 5,000 USDT and annual 50,000 USDT. Those figures are roughly the level of a modest personal card, not a heavy spender’s card, and they reset every month and every year regardless of which card you use.

What three everyday payments actually look like

It is easier to feel a fee structure when you walk through specific payments, so here are three small examples drawn from the fee table above. The numbers come from Belo’s published fees, applied to plausible everyday amounts; what is not stated on the page is left as not stated.

Café in Buenos Aires, paid by tapping the physical card. A local purchase in pesos is settled from your peso or crypto balance. Belo does not list a percentage fee for domestic payments, and the only relevant line is the small minimum on international transactions, which does not apply here. The cost is whatever the merchant’s terminal charges, which is normally nothing on the card side.

Online subscription in US dollars, paid with the virtual card. Belo says international transactions are settled in US dollars and have a minimum cost of 0.30 USDT, or 0.40 USDT at selected merchants. That is a floor, not a percentage, so the fee on a USD 9.99 monthly subscription is at least 0.30 USDT, which is more than 3% of the purchase. There may also be a foreign-exchange markup on top; the page does not say. If the spread is significant, the real cost is higher than the minimum alone suggests.

Cash at an ATM in Argentina. A withdrawal costs 3% of the amount or a minimum of 0.50 USDT, whichever is higher. There is no stated free allowance, and the per-transaction ATM limit is not given. Pulling out 10,000 ARS at a time means the 3% is likely the bigger number; pulling out 1,000 ARS means the 0.50 USDT floor does most of the work.

How to top up the Belo card

The card spends from a balance you hold inside belo, and that balance can be held in Argentine pesos or in crypto. The order in which those balances are debited is selectable. That is the short version.

The longer version is that Belo’s card pages do not list which coins are supported, which networks you can deposit over, or what the deposit fees are. The help text simply says you need funds in your belo account balance. If you have an Argentine bank account, the practical path is a peso transfer in. If you have crypto, the practical path is sending it to a deposit address the app gives you, but the exact assets and chains are not on the public pages, so the only safe assumption is that you have to check inside the app after registering.

A few things that follow from the silence

• Because the networks are not disclosed, you cannot pick a low-fee chain in advance. If you plan to fund Belo from USDT, the question of whether to send over Tron, Ethereum, Polygon, Solana or another network is a question for the app’s deposit screen, not for a help article.
• Because deposit fees are not disclosed, you cannot predict the cost of a top-up. On-chain network fees are paid to the blockchain, not to Belo, and that part is true for every crypto card. The question is whether Belo adds anything on top, and the answer is not on the public pages.
• Because the minimum top-up and the fiat deposit options are not stated, you may need to register and look inside the app to see whether your local bank transfer method is supported at all.

Withdrawing back out

Cash out is at ATMs in Argentina, at the 3% or 0.50 USDT minimum fee, and you can also withdraw at participating merchants. The virtual card can be deleted in seconds from inside the app, and the physical card can be paused and resumed. What happens to a remaining balance if you close the account is not stated on the card pages, so it is worth checking before you decide to remove the app.

Paying with Belo day to day

Once the card is funded, Belo behaves like a prepaid Mastercard. You get a virtual card for online use, a physical card for in-person use, Google Pay support, and the option to save the card in Mercado Pago. Apple Pay is not mentioned on the pages I read, so if you live inside the iPhone ecosystem, that is a gap to confirm in the app before relying on tap-to-pay at a store.

Wallets and tap-to-pay

Google Pay is the headline mobile wallet. Because the card sits on the Mastercard network, it will also work at any terminal that accepts Mastercard contactless. The blocked merchant categories, the kinds of shops the card refuses by policy, are not stated on Belo’s pages, so whether gambling, crypto purchases or adult merchants are accepted is something to test with a small charge.

Online and recurring payments

The virtual card is the one you would use for streaming services, online shopping and subscriptions. Because it lives inside the Mastercard rails, recurring billing works the way it does on any other Mastercard, and 3-D Secure challenges can pop up at checkout. If a foreign merchant uses Address Verification Service and asks for a US-style billing address, an Argentine-issued card is unlikely to pass that check, and the payment can be declined for that reason alone. This is not a Belo-specific issue; it is how AVS works for foreign BINs in general.

Disputes and refunds

If a payment goes wrong, Belo’s published process is that refunds for rejected or reported purchases are credited in pesos within 8 to 30 calendar days. An unrecognised-charge dispute can take 30 to 120 days. Controversy claims wait 31 days from the transaction. Claims have to be filed within 90 days, and if Belo cannot resolve them the case is escalated to the payment processor, Pomelo, and then to Mastercard.

That sequence tells you two things. First, the card has a written dispute path, which is more than some crypto cards offer. Second, the longest realistic resolution window is up to 120 days, which is normal for a chargeback but is the kind of thing to know in advance if you depend on a refund landing quickly.

Rewards

Belo’s own pages do not state any rewards. Third-party sources, in particular a 2026 Rankia article and an undated interview with Belo’s CEO in The Fintech Times, mention a crypto cashback of between 2% and 21%. Because these figures are not on Belo’s own pages I am flagging them as unofficial. If cashback matters to your decision, the only safe place to confirm the rate is the app after you sign in.

What can go wrong with the Belo card

A fee table only tells you what you pay on a good day. The rest of the picture is what happens when things go wrong, and on that side the public information is thinner than I would like.

Company and licence transparency

The issuing bank is not named on the pages I read. Belo calls the card a “tarjeta prepaga local” with international validity, but the BIN sponsor behind the card is not on the public site. The payment processor is named in the dispute process and is Pomelo. A 2026 third-party article says Belo is registered as a crypto asset service provider with Argentina’s CNV, the country’s securities regulator, which is unofficial and not confirmed by Belo’s own pages. If you want a clear chain of who is regulated, who holds your money, and who insures the funds in case of insolvency, you will need to dig further than Belo’s marketing site.

App store complaints

There is no Trustpilot or Google Play rating in the data I could find, and a dedicated search turned up no Reddit or Trustpilot threads specifically about the Belo Mastercard. A paid Kimola report of Brazilian App Store reviews, undated and secondhand, does mention problems with international transfers, delayed transactions, weak support and account verification. The absence of a louder public complaints trail is not the same as the absence of complaints; it is more a sign that the card is mostly used in one country, in one language, on one app store.

Support

Belo’s help pages list an in-app Help Center and an email, in Spanish, with hours not stated. If you have a problem at 2 a.m. on a Sunday, the only line you have is an inbox, and there is no published SLA for a reply. For a card that holds up to 50,000 USDT a year, that is something to factor in.

Card security

The card itself has the standard set of controls. You can pause and resume it from the app, report it lost or stolen from inside the app, and the physical card is deactivated in seconds when reported. The ATM PIN is a four-digit code you set in the app. Two-factor authentication on the app and any travel insurance or purchase protection are not stated on the card pages, so I would not assume either is in place.

Programme risk

A prepaid card programme is a contract between the card brand and an issuer, and the brand does not always control its fate. In the wider industry, Visa terminated its global agreements with FTX in November 2022, and a Visa issuer called WaveCrest was suspended in Europe in 2018, which closed a number of crypto card programmes overnight. Belo’s processor is Pomelo and its network is Mastercard, so the risk of a network-level shutdown is low, but the lesson of the category is that prepaid card programmes can end with a notice period and a deadline to withdraw your balance. Keep that in mind when you decide how much to keep sitting on the card.

What to take instead of Belo

If the Argentine-ID wall stops you, the alternatives below are drawn from the same kind of crypto-card category, and they make different trade-offs.

Cardex

Cardex is a single crypto card that the site says is available in 200-plus countries, with no country list or exclusions on the page I read. The App Store listing, however, is centred on paying in Nigerian Naira, so the card’s currency and primary market are not quite as global as the headline. The card itself is a debit crypto card on Verve, Visa, Mastercard and UnionPay rails, with both virtual and physical versions. On the fee side, Cardex says it does real-time crypto-to-fiat conversion at the moment of payment, using an “AI-Powered Conversion Rate” that scans global exchanges for the best rate. No fee percentage is published, which is the same kind of gap that Belo has on the conversion spread. Cardex is funded from USDT, USDC and BTC wallets, with networks not stated, and its review score is 5.6 out of 10. The trade-off versus Belo is reach: you can probably get a Cardex where you cannot get a Belo, but the published fee detail is just as thin.

TakeCard

TakeCard is a Visa prepaid card that comes in virtual and physical versions, with the physical card currently limited to Bolivian users. The card is issued in the United States, denominated in US dollars, and payments in USD settle 1:1. The virtual card costs USD 5 to issue. The physical card is USD 20 plus USD 20 shipping in one article and USD 10 in another, so the fee page has a small conflict to be aware of. There is no monthly fee, and a 1% commission applies per purchase, with no currency adjustment on USD payments and the official Visa rate of the day used for other currencies. Top-up is from your Takenos account balance, with the coins not named in the help article. TakeCard’s review score is 5.5 out of 10, almost identical to Belo’s, and the trade-off is similar: a Visa-branded card with a different eligibility wall (Bolivia for the physical card) and a percentage commission instead of a flat minimum.

OkiCard

OkiCard is a virtual card, with the pricing page saying it is available in 150-plus countries and “no geo-blocking based on your passport”, although other pages on the same site say 200-plus. The card currency is pegged to USD and EUR, the network is “Visa/Mastercard” without specifying which, and the pricing page lists $0 issuance, $0 monthly and a starting price of $15 for the virtual card, with a separate FAQ mentioning a one-time issuance fee; the two pages disagree, which is a yellow flag. The load fee is 3%, USD transaction fees are 0%, and the site says there are “no hidden exchange spreads”, with the FX fee itself not stated. Funding is from USDT on BSC, Ethereum, Tron and Solana, with USDC “soon” and BTC and altcoins “coming soon”, and an initial deposit of 100 USDT. OkiCard’s review score is 6.0 out of 10. The trade-off versus Belo is geography, breadth of supported chains and a more transparent fee page, at the cost of a 3% load fee and a higher up-front price.

Who I would recommend the Belo card to

If you are an Argentine resident with a DNI or an Argentine passport and a delivery address in Argentina, the Belo card is a straightforward prepaid Mastercard with very low fixed costs: $0 to issue, $0 to ship, $0 a month, a small minimum on international transactions and a 3% ATM fee with a 0.50 USDT floor. You can fund it in pesos or crypto, hold it in Google Pay and manage the PIN inside the app, and the dispute process is at least written down. For a regular Argentine user who wants a crypto-funded everyday card, that combination is hard to beat on price.

If you live in any of the other eleven countries on Belo’s account list, the honest answer is that Belo is not a card for you. You can open an account, but the card option is unavailable. If you do not have an Argentine ID, the same applies: the gate is the document, not the deposit. In that situation Cardex, TakeCard and OkiCard are the more realistic shortlist, and which one wins depends on whether you want reach, percentage fees, or transparent chains and load costs.

A few things to check first before you sign up to Belo, even if you are eligible:

• The crypto conversion spread and the FX markup on international payments, which are not stated on the public pages. Try a small international payment and compare the rate to the mid-market dollar before you load a large balance.
• The supported coins and networks for top-up, which are also not stated on the public pages. Open the app’s deposit screen and confirm that your coin and your network are accepted before you send anything.
• The ATM limit per transaction, which is not stated. If you regularly withdraw cash, a single transaction may be capped lower than you expect.
• The remaining-balance treatment on account closure, which is not stated. Ask support before you remove the app so you do not leave a peso or crypto balance behind.
• The cashback rate, which Belo’s own pages do not state. The 2% to 21% range from unofficial sources is not a number to budget on until you see it in your own account.

Frequently asked questions

What is the Belo card?

Belo is a Latin American crypto payments app with a prepaid Mastercard. The app holds a balance in Argentine pesos or crypto and the card spends from that balance, online, in shops, in Google Pay and at ATMs in Argentina.

How does the Belo card work?

You fund a balance inside belo in pesos or crypto, choose the order in which the balances are debited, and the card converts and pays at the moment of purchase. It is a prepaid model, so the card can only spend what is on the balance.

Is Belo a bank?

Belo’s public pages do not say it is a bank, and the issuing bank is not named. The card is described as a “tarjeta prepaga local” and the payment processor is Pomelo, so the safest description is a payments app with a prepaid card programme behind it.

Who owns Belo?

The owner is not stated on the card pages. A 2026 third-party article reports that Belo is registered as a crypto asset service provider with Argentina’s CNV, but this is unofficial and not confirmed by Belo itself.

Is the Belo card available in my country?

You can open an account in twelve countries, but the Mastercard is only issued to people with an Argentine ID and an Argentine delivery address. The card is marked unavailable in the other eleven.

How do I get the Belo card?

Open the app, verify with one of the accepted IDs for your country, open “Tarjetas”, request a card, set a PIN in the app, and activate the physical card when it arrives in approximately three business days.

Does the Belo card require KYC?

Yes. You verify your identity with a listed ID document during sign-up, and Belo says only the listed documents are accepted. Proof of address and proof of funds origin are needed if you want to raise your card limits.

How do I top up the Belo card?

You put funds in your belo account balance, in pesos or in crypto. The specific coins and networks are not stated on Belo’s public pages, so the practical answer is to check the app’s deposit screen after you sign in.

Is the Belo card free?

Issuance, shipping and monthly maintenance are all $0. The only standard fees are a 2.50 USDT replacement fee for the physical card, a 0.30 USDT minimum on international transactions, and a 3% or 0.50 USDT minimum ATM fee.

How do I add the Belo card to Apple Wallet?

Belo’s pages mention Google Pay and saving the card in Mercado Pago, but they do not mention Apple Pay. If you need Apple Pay, confirm support inside the app before relying on it, or consider an alternative card that does.

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