Bitnob
BTC + stablecoin banking for Africa.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — VASP applicant under Nigeria SEC's ARIP (approval-in-principle track); licensed partners for rails.
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Bitnob’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid |
| HQ | Lagos, NG |
| Founded | 2020 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | VASP applicant under Nigeria SEC's ARIP (approval-in-principle track); licensed partners for rails |
| Card | Visa · Virtual USD |
| Yield | BTC/USDT savings |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | Africa |
| Founders | Bernard Parah |
Verified links: official site ↗
Common questions about Bitnob
What is Bitnob?
Bitnob is a fiat-and-crypto neobank, headquartered in Lagos, NG and founded in 2020. Your money is held custodially, so Bitnob or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (VASP applicant under Nigeria SEC's ARIP (approval-in-principle track); licensed partners for rails).
Does Bitnob have a card, and where can you use it?
It issues a Visa virtual usd card. It is available in Africa.
Does Bitnob require KYC?
Yes. Bitnob requires identity verification (KYC) to open an account, as a partner-bank model.
What does Bitnob cost?
From the verified fields: yield BTC/USDT savings. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Bitnob before relying on them.
Peers
Crypto.com · Binance Card · Bybit Card · OKX Card · Bitget Card · KuCard
Bitnob appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in Africa (92) · Neobanks that issue a Visa card (182) · Neobanks in Nigeria (15)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.