A Lisbon startup selling a euro IBAN and a virtual card, promising crypto features it has not finished building

Updated October 2026

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Renegade is a small product from a Portuguese company, and the pitch is narrower than the crypto-card marketing usually is: a euro IBAN, a virtual card you get inside an app, and spending from a crypto balance. That is genuinely useful if it works. But the company’s own pages leave a lot unsaid — no country list, no fee table beyond two numbers, no ATM or card-currency information, and a terms document that names one card provider in one section and a different arrangement in another. My score is 4.1 out of 10, and the reasons are mostly about missing information and an operator that describes itself as “NOT a bank” with no licences held yet.

The conditions described here are current as of October 28, 2026.

The score, and who this card is actually for

Renegade gets 4.1 out of 10. That is not a score for a scam — I found no official incident reports against it, and the product clearly exists. It is a score for a service that is real but unfinished in the ways that matter when your money is involved.

The single audience this card makes most sense for is a resident of the European Economic Area who wants a euro IBAN with a virtual card attached, and who can accept that the crypto side is still being finished. If that is you, the product may be interesting. If you are anywhere else, or you need a physical card, a stable set of fees, or a provider that is already regulated, this is not the card for you — not because it is dangerous, but because it cannot yet tell you what you need to know.

Read the middle two rows together, because they cancel each other out. The cost is not extreme — 1.6% on conversion is mid-range for this category — but you cannot check what you are not told. An FX fee, a deposit fee, an ATM fee, a card currency: all “not stated” on the public pages. That is the difference between a fee you can budget for and a fee that finds you at the till.

Will they give you the card

The honest answer is that the card page does not say. There is no published list of supported countries and no list of excluded ones. That is unusual — most providers in this category front-load an eligibility checker or at least a sentence about regions — and it means you have to apply and find out rather than read and decide.

What the terms do say is narrower and specific: only customers in the European Economic Area can use the virtual IBAN for euro deposits and withdrawals. So the euro account has a defined footprint. Everything else — whether you can hold the card, which countries the app will serve, whether citizenship as opposed to residence matters — is not stated.

Two things worth understanding about how this kind of check works generally, because they explain why answers get fuzzy. Identity checks are driven by anti-money-laundering law: regulated businesses must verify customers and assess risk, which in the EU covers name, address, date of birth, nationality, identity documentation, a sanctions check, the purpose of the relationship, and whether you are a politically exposed person. In the US the customer identification programme requires name, date of birth, address and an identification number, with electronic systems also validating proof-of-address documents against records. And nationality is screened separately from residence, because sanctions lists and issuer risk policy are applied to citizenship and country of birth as well as to where you live.

So when a provider says nothing about countries, it is often because the answer is decided per application rather than published per country. If you are outside the EEA and the euro IBAN is what you are after, read that as a no.

How to get it

The sign-up flow is short, and short is the pitch: download the app, enter personal information, verify identity through a secure in-app chat. The company says this “only takes a few minutes”.

What is not stated: which documents they will ask for, whether proof of address is required, whether an age check is separate from identity, and what verification levels exist. If a regulated partner is involved in some part of the chain, a sanctions and identity check will happen regardless of what the app screen shows you — the app is just the front end.

Then the card itself. It is virtual and issued instantly in the app: “No plastic. No waiting.” There is no physical delivery, so if you are the sort of person who needs a card for a slot machine or a car park barrier, this does not serve you. The page refers to a “VISA integration” — that phrasing is vague, and the card network wording is partly unclear in the company’s own copy — and the card currency is not stated, which is more than a minor omission: spending a euro card in a non-euro country is where the FX question becomes real, and there is no FX fee figure to weigh it against.

If it helps to know why “virtual only” is common right now: many crypto cards launched as physical programmes quietly moved to virtual-only, partly because shipping a physical card to an address you have just entered is exactly the fraud risk an issuer does not want. It is a reasonable choice for a product at this stage.

Fees: what a Renegade card really costs

There are three tiers and one published conversion number. The card says “No other fees are collected by Renegade” — which is a strong claim, and one you should read alongside everything not stated below.

Three everyday payments, and what applies to each:

• A subscription you already pay for, in euros, on a euro card. The monthly fee is the tier fee, plus nothing if the conversion does not happen. This is the cleanest case: euro IBAN, euro merchant, no conversion line. The unknown is whether any FX applies if the merchant bills in another currency.
• Buying something priced in dollars while your balance sits in euros. Here the 1.6% crypto/fiat exchange fee only bites if crypto is converted on the way; if you are spending an already-euro balance, the relevant number is the FX fee — which is not stated. This is exactly the purchase where an unstated fee hurts you most, and it is why I cannot score the cost section higher than 4.
• Paying for something bought with crypto, paying the tier fee in RNG. Pioneer at 4,90 if you hold the token. That is a discount rather than a fee, and it is the only way the monthly cost genuinely goes down.

On limits: the card publishes no figures at all. That matters more than it sounds. Limits are what stop a compromised card draining a balance overnight, and not knowing yours means you cannot tell whether you would notice. Voyager advertises “Higher limits” and Vanguard “maximum limits”, so a larger tier presumably buys headroom, but by how much is anyone’s guess.

Top up: how money gets in

Two routes are named: a crypto virtual IBAN via Striga, and an ordinary IBAN account. Neither the coins nor the networks are listed on the card page. An earlier version of the material described a non-custodial wallet supporting USDC, BTC and ETH — that is what an earlier check found, not what the current page says, so treat it as a hint about direction rather than a current specification.

Withdrawals go out through the euro virtual IBAN, and that is the full description of the terms. So the practical picture is: you can put crypto in, you can put euros in through the IBAN, and you can take euros out through the IBAN. What you cannot do from the public pages is work out which network a given token should arrive on.

That last point is where real money gets lost in this category, so it is worth being blunt about. Blockchain transfers are irreversible. Send a deposit on a network the provider does not support, or to an address belonging to a different network, and the funds can be gone or can need manual support recovery with no guarantee. If your token is USDC, note that USDC is natively supported on 38 networks as of 16 September 2026, including Ethereum, Solana, Base, Polygon PoS, Avalanche, Arbitrum and Stellar — a long list where picking the wrong one is easy. USDT has been issued on Ethereum, Tron, Solana, Polygon, Avalanche and others. One detail that catches people out: Circle stopped supporting USDC on Tron in February 2024, so USDC over TRC20 is not a native option. And on Ethereum, gas is paid only in ETH, so a wallet holding USDT but no ETH cannot send at all.

One more structural point about the accounts: you may terminate at any time free of charge, Renegade may close an account with two months’ notice, and accounts inactive for over six months may be closed. So the exit is easy and the dormancy rule is worth remembering if this is a secondary account.

Paying with it every day

Everyday use is the weakest part of this card, and it is weak mostly because there is so little to say.

• Apple Pay: not mentioned anywhere on the public pages.
• Google Pay: appears only inside a testimonial on the site, where a user writes about adding a Web3card to Google Pay. A customer review is not a product specification.
• Blocked merchant categories: not stated. That is worth knowing because some issuers block categories by policy rather than by law, and gambling is a common one — the four-digit category code MCC 7995 covers casinos, betting and lotteries. If gambling is something you want to do with this card, ask before you assume.
• ATM: not stated.
• Rewards: 3% back in RNG coin on all three tiers; the page calls it cashback. The monthly reward cap is listed but garbled on the page — the figures read as 2,500 EUR for Pioneer, 25,00 EUR for Voyager and a partly obscured figure for Vanguard. Tier differences on benefits: Pioneer has 2 benefits and the instant virtual card, Voyager 3 benefits and higher limits, Vanguard 5 benefits, maximum limits and priority support.

Now the reward, honestly. 3% is only worth something if RNG is worth something and if you can do something with it. The discount on the monthly fee when paid in RNG shows the token has at least a utility inside the app. But a token paid by a company with no licences, in a product whose crypto features were still being integrated as of the last update I saw, is not a stable unit of value, and “back” in it is closer to a loyalty scheme than to cash. Treat it as a small perk, not a reason to choose the card.

The apps exist: on iOS, the App Store lists “Renegade” from Renegade GmbH with no rating displayed — the store says it “hasn’t received enough ratings”. On Google Play the package is net.myrenegade.main and the rating was not readable. A brand-new app with no public rating history is exactly what you would expect here, and also exactly the kind of thing that has no track record when something goes wrong.

If a payment is disputed, the terms say the seller is liable for faulty goods, complaints go to Customer Support and formally in writing, and there is a reference to the EU online dispute resolution platform. Chargebacks are not mentioned — and that gap matters, because a chargeback is the mechanism that ordinarily gets your money back when goods never arrive. Prepaid-card coverage varies by jurisdiction and should not be assumed.

What can go wrong

Start with the single most important fact about this company: it states it is “NOT a bank”, says it does not yet provide regulated services, and says it will apply for licences first. No licences are held.

In the EU, the framework is MiCA, the markets-in-crypto-assets regulation, which ESMA states took legal effect in June 2023. Rules on asset-referenced tokens and e-money tokens — the stablecoins — applied from 30 June 2024, and the remaining provisions including crypto-asset service provider rules applied from 30 December 2024. Under it, e-money tokens may be issued only by a credit institution or an electronic money institution. The transitional period lets providers already operating under national law continue only until 1 July 2026 or until they receive or are refused a MiCA authorisation, whichever comes first. ESMA keeps an interim register of authorised providers, white papers and non-compliant entities, and you can check a provider there. A card is regulated separately again, as a payment service under e-money and payment-services law, so a crypto card of this kind often depends on two licences — and neither is confirmed here.

The company details are worth having in front of you. The operator is MYRENEGADE, UNIPESSOAL LDA in Lisbon, Portugal, company number 517780801. The App Store developer is Renegade GmbH. The partner for the virtual IBAN is Striga Technology OÜ of Tallinn, Estonia. And then the inconsistency: the terms name Zypto as the card service provider in section 10, while section 11 describes an unnamed licensed card issuer running on Striga infrastructure. Two different accounts of who issues the card, in one document.

This is not a rare pattern and it does not automatically mean anything bad. Card programmes are usually layered — a programme manager in front, a licensed issuer behind, an EMI holding the balance, a crypto partner running the wallet. But you should be able to get a straight answer, and “which entity is my card issuer and are they licensed” is the first question to ask support.

On custody, the site describes itself as “user-interface only” and says Striga helps keep money “in a safe manner”, but custody is not clearly addressed in the terms. That distinction matters. Whoever holds your private key or seed phrase controls the crypto — with a custodial wallet the provider holds the credentials and you must trust them completely, while with a self-custody-linked card the funds stay in your own wallet until the moment of payment and you bear sole responsibility for key loss, phishing, and malware that swaps a copied address. A seed phrase is typically 12 to 24 words in unencrypted form, and anyone who obtains it can restore the wallet and spend the funds. Transfers are typically irreversible and a stolen key has no built-in recovery: the network cannot freeze or return anything. Custodial platforms have a real record of failure — Mt. Gox at about US$350 million reported stolen between 2011 and 2014, Coincheck at about US$400 million in 2018, and Ronin Network at US$625 million in 2022. Counterparty and hack risk are not abstractions.

Multi-factor authentication is mentioned in the terms, which is the right baseline. But typical safeguards in this category are broader: app-based 2FA, instant card freeze, spending limits, 3-D Secure confirmation and tokenised mobile wallets. Which of these Renegade offers is not stated.

Then the complaints record, which is thin but pointed. I found no official incident reports. Trustpilot shows 3.2 based on one review, dated 7 April 2026, one star. A single review is not evidence of a pattern — but the substance is specific: the user says roadmap items promised for Q1 2026, including the app, the crypto wallet and the card, were not delivered, and that support refused a refund, describing it as a “startup investment.” Two things are true at once: the delivery complaint and the fact that a fee described as a monthly subscription apparently cannot simply be cancelled and refunded.

Programme closures are the other structural risk. Visa terminated its global agreements with FTX on 13 November 2022 and the FTX US debit card was wound down by its issuer. WaveCrest, a Visa issuer that supplied crypto card brands, was suspended by Visa in Europe in 2018, closing all WaveCrest-issued Visa programmes. The usual sequence in a closure is a notice period, then spending and loading stop, then users are asked to withdraw remaining balances. Neither Visa nor Mastercard issues crypto cards to consumers directly; they license issuers and can suspend a programme. That is the structural fact underneath everything else on this page.

Two more practical risks. Declined authorisations may leave a hold on your funds for several days, typically up to seven. And merchants can look up the BIN — the 6 or 8 digit issuer identification number at the start of your card number — to see which institution and country issued the card, and may apply extra scrutiny if the issuer country differs from your billing address. Some merchants decline prepaid or foreign BINs on that basis. Address Verification Service compares the numeric parts of the billing address you type with issuer records, is mainly offered in the US, Canada and the UK, and is generally unavailable for foreign-issued cards, which can cause declines.

Support is live chat in the app 24/7, plus a contact form and [email protected], with Customer Support in German and English per the terms. For a company based in Lisbon that is a thin language list, and worth weighing if you are not comfortable in those two.

One more thing I read but cannot verify, offered as context rather than evidence: a sponsored article on btc-echo.de from 30 January 2024, updated 31 July 2025, describing a euro IBAN and Visa debit card app as live, an IBAN waitlist, crypto features still being integrated, Founder cards limited to 555 with up to 9% rewards, and Carbon and Black NFT cards at 5% and 3% in RNG. That was a paid placement, and the IBAN that was a waitlist in 2024 is now the main product. Six of the rewards structures mentioned there are not the one on the current page.

What to take instead

None of these is perfect either — the score attached to each is my own, on the same scale, from the same exercise.

Where Stella wins: it is the only one of the four that offers both a virtual and a physical card, and the only one whose page makes no cashback claim competing with itself. Where it loses: its terms bar users under economic sanctions programmes and route US and European users through affiliates, which is a more complicated structure to reason about than Renegade’s.

Where Whop wins: the country list is actually published. Consumers in 31 US states — Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Texas, Utah, Virginia, West Virginia, Wyoming — and businesses in 41. Unsupported for consumers: Belarus, China (Mainland), Cuba, Hong Kong, India, Iran, Iraq, Israel, Myanmar, Nepal, Nicaragua, North Korea, Russia, Syria, Turkey, Ukraine, Venezuela, Vietnam; unsupported corporate countries include Russia and Belarus. Whether the test is citizenship or residence is not stated. It also offers 5% cashback at select merchants, currently Uber, with more planned — though payout currency and conditions are not stated, and neither are the fee amounts behind “No extra fees”.

Where UniFi wins: it is the most transparent about what it is — a prepaid debit Visa issued by a named bank, in a named currency, with named funding rails. Its app supports Apple Pay. Its eligibility is not confirmed from official pages, but the App Store lists send-money routes to the Philippines (PHP), Mexico (MXN), the eurozone (EUR), and recent release notes mention Colombia, Brazil (PIX) and the UK (GBP). The listing claims 3% rewards on balances, though card cashback is not stated.

The pattern worth noticing: not one of these four publishes a full fee table, and not one is a bank. That is the category, not a verdict on any single product.

Who I would recommend it to

I would recommend Renegade to one specific person: someone living in the EEA who wants a euro IBAN tied to an app, is comfortable being an early adopter, treats the balance as money they could afford to have trouble retrieving, and can put ordinary spending on a different card. If that is you, the product is interesting and the monthly cost is not outrageous.

I would not recommend it to anyone who needs a physical card, needs Apple Pay or a phone wallet as a matter of course, plans to withdraw cash, spends in a currency other than the euro, or needs to know their spending limits in advance. I would also be cautious if you are in the US, because the euro IBAN is not for you and the card page does not tell you what is.

Before you commit money, here is the short list I would work through. Ask which entity issues the card and whether it is licensed — the terms contradict themselves on this. Ask what the FX fee is, since it is not stated. Ask what the ATM and deposit fees are, and what the spending limits actually are. Ask which networks are supported for deposits, because irreversible transfers make this the question that costs real money if you get it wrong. Check the operator on ESMA’s interim register. And read the terms on refunds, because the one complaint on record is about a refund refused.

On the crypto side, one general point that applies whatever card you pick. If you hold digital assets and spend them, that is a taxable event in many places: the IRS treats digital assets as property, so exchanging them for goods, services, dollars or other digital assets generally produces a taxable gain or loss, measured in local fiat currency at fair market value on the date of the transaction — which means each card payment funded from crypto may be a separate disposal. In the US specifically, FinCEN guidance treats administrators and exchangers of convertible virtual currency as money transmitters, while people merely buying goods or services are not. This is not advice, only a flag to check your own position. And if a stablecoin is involved, remember the BIS put about 90% of stablecoin market capitalisation in USDT and USDC in July 2025 — and that stablecoins can depeg. TerraUSD collapsed in May 2022, and USDC temporarily lost its peg in March 2023 during the US banking crisis. The name is aspirational.

Frequently asked questions

What is the Renegade card?

The Renegade card is a virtual payment card issued through the Renegade app, tied to a euro IBAN account and spendable from a crypto balance. The company describes a “VISA integration” but does not state the card currency, and there is no physical version — “No plastic. No waiting.” It comes in three tiers, Pioneer, Voyager and Vanguard, differing in monthly fee, limits and perks.

Is Renegade a bank?

No, and the company says so itself. Renegade states it is “NOT a bank”, that it does not yet provide regulated services, and that it will apply for licences first. No licences are held. The operator is MYRENEGADE, UNIPESSOAL LDA of Lisbon, Portugal, company number 517780801, with Striga Technology OÜ of Tallinn named as the virtual IBAN partner.

Who can get the Renegade card?

The card page publishes no list of supported or excluded countries. The terms say only customers in the European Economic Area can use the virtual IBAN for euro deposits and withdrawals. Whether citizenship as opposed to residence matters, and how non-EEA applicants are treated, is not stated anywhere on the public pages.

How much does the Renegade card cost?

Three monthly tiers: Pioneer 9.90 EUR, Voyager 19.90 EUR and Vanguard 29.90 EUR, each cheaper if paid in RNG at 4,90, 14,90 and 24,90. Crypto/fiat conversion is 1.6%, and the card says “No other fees are collected by Renegade”. Issuance, FX, ATM and deposit fees are not stated, and no spending limit figures are published.

How do I top up the Renegade card?

Two routes are named: a crypto virtual IBAN via Striga, and a regular IBAN account. The card page does not list which coins or networks are supported, and an earlier version of the material described a non-custodial wallet with USDC, BTC and ETH. Check the supported networks before sending anything, because blockchain transfers cannot be reversed.

Can I add the Renegade card to Apple Pay or Google Pay?

Apple Pay is not mentioned on the public pages at all. Google Pay appears only in a customer testimonial on the site, where a user describes adding a Web3card to Google Pay. Treat that as a user’s experience rather than a documented feature, and confirm support before relying on either wallet.

Is Renegade card safe to use?

No official incident reports were found, but there is no licence and no published dispute-resolution arrangement — chargebacks are not mentioned in the terms. The site describes itself as “user-interface only” and says Striga helps keep money “in a safe manner”, while custody is not clearly addressed in the terms. Multi-factor authentication is mentioned; spending limits, instant freeze and 3-D Secure are not.

What do people complain about on Trustpilot?

Trustpilot shows 3.2 from one review, dated 7 April 2026. That user says roadmap items promised for Q1 2026 — the app, the crypto wallet and the card — were not delivered, and that support refused a refund, calling it a “startup investment”. One review is not a pattern, but it is a specific and checkable claim.

How do I withdraw money from Renegade?

Euro withdrawals go out through the virtual IBAN, and the terms give no further detail on timing or cost. You may terminate your account at any time free of charge, Renegade may close an account with two months’ notice, and accounts inactive for over six months may be closed — so do not leave a balance sitting idle there.

Is the Renegade card worth it?

Worth it for an EEA resident who mainly wants a euro IBAN with a virtual card and can tolerate an early-stage provider; the 1.6% conversion and 9.90 EUR entry fee are not the problem. Not worth it if you need a physical card, a stated FX fee, published limits, Apple Pay, or a licensed issuer — because none of those is available today.

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