Cypher
Multichain card; also powers Moonwell Card.
- Who holds it
- You do. Funds sit on-chain in a wallet the company cannot freeze.
- The ledger
- The blockchain — no company keeps the authoritative record.
- If it fails
- Nothing on the company side to fail; but lose your keys and the money is gone for good.
Derived from Cypher’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 | web3-native |
| HQ | — |
| Founded | 2022 |
| Custody | Self-custodial |
| Regulation type | Self-custodial software |
| License detail | Self-custodial; principal card programs |
| Card | Visa · Virtual + physical |
| Cashback | Rewards |
| Stablecoins | Yes |
| KYC | Card only |
| Active regions | North America, Europe, Latin America, Africa, MENA, Asia, Oceania |
Verified links: official site ↗
Common questions about Cypher
What is Cypher?
Cypher is a self-custodial, on-chain-first neobank, founded in 2022. You hold the keys: Cypher never takes custody of your funds. It is software rather than a licensed institution (Self-custodial; principal card programs).
Does Cypher have a card, and where can you use it?
It issues a Visa virtual and physical card, and identity checks apply to the card but not to the wallet. It is available in all 7 world regions tracked here.
Does Cypher require KYC?
Partly. You can use Cypher itself without verifying your identity, but ordering its card requires KYC.
What does Cypher cost?
From the verified fields: cashback Rewards. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Cypher before relying on them.
Peers
Phantom · Zengo · MiniPay · Eco (Beam) · Dakota · MetaMask
Cypher appears in
Neobanks that never hold your money (53) · Neobanks where only the card requires ID (33) · Neobanks available in North America (126) · Neobanks available in Europe (144) · Neobanks available in Asia (132) · Neobanks available in Oceania (72) · Neobanks available in Latin America (113) · Neobanks available in Africa (92) · Neobanks available in MENA (85) · Neobanks that issue a Visa card (182)
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.