bitcoin debit card

iCE3 Crypto Debit Card

Crypto debit cards come in various flavors and are issued by many companies across Europe and the USA. The first crypto debit card available to South Africans, called Xapo,  made its way to our shores around 2014/15. These debit cards, however, have not lasted very long as European regulations cause their issuers to pull out of the African markets. A further problem with these debit cards was the premium that exists in Africa for the purchase of bitcoin.

Bitcoin Debit Card Hurdles

European or American companies issue these cards, which is the biggest problem with crypto debit cards in Africa. This, in turn, means that the rate a user gets when spending crypto is a lower rate than what the user pays to buy crypto in the first place. This is as a result of exchange controls and cryptocurrencies such as Bitcoin, therefore, carry a premium in terms of its FIAT price. The net effect is that a user in Africa loses 3% – 7% in “fees” before they even use the card.

The iCE3 Crypto Debit Card Solution

The iCE3 debit card will initially only be available to our South African users and can only be used to spend cryptocurrency derived Rand in South Africa at any merchant which accepts MasterCard or Visa. Based on the performance of this solution we will be looking to expand the service to our customers in Nigeria, Zimbabwe, Botswana, and beyond. Furthermore, we are anticipating the introduction of iCE3 credit cards.

What are the Costs and Fees


A courier will securely deliver your crypto debit card for a one-off fee of R250.


Swipe & SpendFree
Cash withdrawalR10 – R18 (Depends on the ATM Bank Issuer)
Cashback from shopR3-R5 Flat Fee
MaintenanceR5 per month

* Fees correct at time of publication but may change over time, please click here for the most up to date information

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