Card-issuing rail · 1 card
What is Monavate?
Monavate is a UK e-money institution and card-programme manager that has been one of the busiest BIN sponsors in crypto — its rails have sat behind a long list of wallet and exchange card launches, including high-profile self-custody cards.
FCA-authorised e-money institution; EU issuance via UAB Monavate (Bank of Lithuania EMI)1 card on this rail
Same-rail KYC: if you've already completed identity verification on one card powered by Monavate, onboarding another card on the same rail is usually lighter — the compliance record sits with the issuer, not the app.
Crypto cards powered by Monavate
Every card in our database issued on this rail — including ones you'd never guess share the same back-end.
Pros of Monavate
- One of the most experienced crypto-card BIN sponsors
- Dual UK/EEA coverage through the Lithuanian entity
- Fast onboarding for new card programmes
Cons of Monavate
- Smaller than tier-one EMIs — capacity and card ranges are finite
- Programme-level terms vary between cards on the same rail
- No direct consumer support — everything routes via the card brand
Frequently asked questions
- What is Monavate?
- Monavate is the regulated entity that actually issues the card — it provides the banking licence, BIN range and settlement plumbing while the crypto brand supplies the app and funding mechanism. If your card "just works", it's Monavate doing the regulated part.
- If I did KYC on one Monavate card, is it faster on another?
- Often yes — the compliance record lives with the issuer, so onboarding a second card on the same rail is frequently lighter-touch than starting fresh on a different one. Approval is never guaranteed, but the prior relationship helps.
- What happens if Monavate loses its licence or goes down?
- Every card on the rail is affected at once — that's the hidden concentration risk of shared infrastructure. If a rail stops operating, partner programmes usually migrate cardholders to a replacement issuer, but there can be an interruption.
- Are cards on the same rail identical?
- No. The rail supplies the licence and the plumbing; the front-end brand decides fees, limits, rewards and KYC depth. Two cards on Monavate can have very different terms — compare the cards, not just the issuer.