Switching your card to crypto allows you to pay using the same card but with a crypto balance. Your card can use one of the two modes, and you decide which one to use and when.
There's no need to exchange your crypto and later pay with fiat, just flip the switch, and you're ready to go.
How does it work?
You can switch your virtual card to a crypto balance and pay online or in stores, just like with an ordinary card. When you tap the switch button in the IN1 app, the balance used for transactions changes to the crypto of choice. In the future, you'll be able to order a physical card and switch it to crypto as well.
You can find the switch button at the "Cards" tab.
If it's your first time switching to crypto, you'll be prompted to choose the cryptocurrency. Here's how to switch for the first time:
Go to the "Cards" tab at the bottom, and tap "Switch to Crypto".
Choose the crypto from the list. This will link the chosen crypto balance to your card.
If you'd like to change previously selected crypto, here are the steps for you:
Go to the "Cards" tab at the bottom.
Tap the card to open its settings.
Tap the CRYPTO SPENDING drop-down button and choose the crypto from the list.
Your card will only use the selected balance and won't switch to another one automatically. For example, if your card is switched to crypto, but there's not enough balance, your transaction will be rejected even if your fiat balance is sufficient.
FAQ:
Which cryptocurrencies support the crypto switch?
You can switch to the following cryptocurrencies: USDC, BTC, ETH, LTC, SOL, USDT.
How can I switch back to fiat (EUR/USD)?
You can switch back easily by following the next steps:
Go to the "Cards" tab at the bottom.
Tap the card to open its settings.
Tap "Switch to EUR" or "Switch to USD" depending on your card's currency.
You can switch your card between fiat and crypto at any moment.
Can I change the cryptocurrency whenever I want?
Yes, you can change it at any time in the card settings.
What exchange rate is used when paying with an IN1 card in a crypto mode?
We use the same exchange rate as when exchanging EUR/USD for crypto within IN1. If the transaction was made in another currency, the exchange rate will be taken into account according to the MasterCard rate. The final exchange rate of the transaction currency to the corresponding cryptocurrency will be displayed in the transaction details.