CryptoLife Card
by Baanx Group Ltd
The Crypto Life (CL) Card, powered by Ledger and Baanx, is a crypto-to-fiat debit card that offers a unique 'Cryptodraft' feature, allowing users to spend up to 60% of their collateral value as a secured credit line. The card functions primarily as a debit card where you fund a spending wallet. Spending balance is custodial (held by Baanx), while the integration with Ledger allows easy transfers from self-custody.
Unique Features
- Manage card directly within Ledger Live hardware wallet interface
- Switch between debit mode and credit mode (Cryptodraft)
Pros
- Seamless integration with Ledger Live
- Option to spend (debit) or borrow (credit)
- 0% interest on loans up to 10% LTV
- Up to 2% rewards in BXX
Cons
- Spending funds are custodial (not self-custody)
- 3.49% fee for bank withdrawals from platform
- Limited transparency on ATM and FX fees without login
- US availability is limited/waitlisted
Integrations & Tech
Available In (28)
Fee Structure
Detailed Limits
Dynamic based on collateral value. Max collateral: 2.5 BTC or 32 ETH
Fee Details
Bank withdrawal fee from platform: 3.49%. Liquidation fee applies to crypto-to-fiat conversion. Cryptodraft fees: 0% interest on first 10% LTV, 1% monthly rate (12% APR) on remaining 50% LTV.
Limits & Conditions
ATM balance inquiries not supported. Specific spending limits are dynamic and visible only in the user profile. Max collateral deposit: 2.5 BTC or 32 ETH.
Crypto Capabilities
Security & Custody
Supported Assets
