Hyperbeat Pay is a Visa Signature crypto card with funds held in an account you control. It offers 0.2% base rewards, rising to 1% when all four boosters are met. Hong Kong and Japan are on the official supported list; check your country before applying. Fees and risks are covered in What to know before applying.
What Is Hyperbeat Pay? Company Background
Hyperbeat is a protocol built on Hyperliquid. According to the company, it was started by early Hyperliquid users who became developers. It uses smart contracts for yield vaults, liquid staking, and lending, and connects them to on-chain payments. On August 15, 2025, CoinDesk reported that Hyperbeat had raised a $5.2 million seed round co-led by ether.fi Ventures and Electric Capital, with participation from Coinbase Ventures and others. On April 8, 2026, the company launched Liquid Banking; the card is the spending outlet for this account system.
The platform is operated by Zoeion Ltd Corporation. The card is a Visa issued by Third National. All Hyperbeat Pay cards are Visa Signature.
The account is a self-custodial smart account on HyperEVM, with keys held by you. There are two spending modes:
- Cash Mode: Spend your USD balance directly, with no interest. Only the USD balance is spendable; USD+ savings are not included.
- Credit Mode: Use assets such as BTC, HYPE, and ETH as collateral to borrow beatUSD for spending. The rate floats. You cannot sell collateral to repay; repayments must come from your USD balance.
The account contract is upgradeable, and the platform manages token and service allowlists. With Cash Mode, withdrawing settlement tokens requires a default one-day cooldown and operator approval. With Credit Mode, collateral withdrawals also require approval, and card permissions may be disabled.
For a full comparison, see Hyperbeat Pay review and comparison, or compare it with other cards in crypto card comparisons.
Hyperbeat Pay Rewards: 0.2% Base, Up to 1% with Boosters
You receive whichever is higher: the standard reward rate or the trading-volume rate; they do not stack. Trading-volume rewards apply only to spending within the cap shown in the table. Net spend and trading volume use a rolling 30-day period; balance boosters use your current balance.
| Item | Base | Any 1 booster | Any 2 | Any 3 | All 4 | 3% trading | 5% trading | 8% trading | 10% trading | 12% trading |
|---|---|---|---|---|---|---|---|---|---|---|
| Requirement | All accounts; no deposit required | Any 1 booster | Any 2 boosters | Any 3 boosters | All boosters | $1 million trading volume in 30 days | $5 million trading volume in 30 days | $10 million trading volume in 30 days | $25 million trading volume in 30 days | $50 million or more trading volume in 30 days |
| Reward rate | 0.20% | 0.40% | 0.60% | 0.80% | 1.00% | 3% | 5% | 8% | 10% | 12% |
| Eligible spending cap | None | None | None | None | None | First $3,300 in rolling 30-day spend | First $10,000 in rolling 30-day spend | First $12,500 in rolling 30-day spend | First $25,000 in rolling 30-day spend | First $41,700 in rolling 30-day spend |
| Above cap | — | — | — | — | — | Current standard reward rate | Current standard reward rate | Current standard reward rate | Current standard reward rate | Current standard reward rate |
| Paid in | WHYPE | WHYPE | WHYPE | WHYPE | WHYPE | WHYPE | WHYPE | WHYPE | WHYPE | WHYPE |
Each of the four boosters adds 0.20%: holding $1,000, holding $10,000, net spend of $1,000 in the past 30 days, and net spend of $10,000 in the past 30 days. The balance combines USD and USD+, including collateralized USD+. Net spend deducts refunds. Trading volume includes leveraged notional volume on Hyperbeat’s trading page.
Rewards are calculated in USD and paid in WHYPE tokens to your Liquid Banking account automatically within 48 hours after a transaction settles. The same rules apply to both modes. Refunds reverse rewards proportionally.
Hyperbeat Pay Fees
- Virtual card issuance: free.
- Monthly limit per card: $100,000 by default and at most; you can lower it.
- Fiat deposits: ACH 0.12% + $0.25; Fedwire 0.12% + $18; SWIFT 0.12% + $35; SEPA 0.2% + €1. The maximum is $10,000 per deposit. For native BTC, ETH, or SOL deposits, you pay the on-chain gas yourself.
- Late payment fee: up to $40; returned payment fee: up to $29.
- Credit Mode: borrowing rates float and compound continuously from the moment funds are borrowed; there is no grace period.
- USD+ savings: target APY of 3%–8%, not guaranteed; earnings incur a 10% performance fee.
Credit Mode collateral and loan-to-value (LTV) ratios: USD+ 75%; wHYPE and UBTC 50%; beHYPE, UETH, and USOL 45%; XAUT 40%. The liquidation threshold is 62.5% (91.5% for USD+). The liquidation reward, taken from your collateral, is 12.68% (2.62% for USD+).
The card cannot be used at fuel pumps, jewelry stores, pawn shops, for cash withdrawals, gambling, securities, or money-transfer merchants.
See Hyperbeat Pay detailed fees for the full fee list.
What to Know Before Applying
- Rewards are paid in WHYPE tokens, not cash, and the token price can fluctuate.
- Credit Mode is borrowing. If collateral prices fall, your position can be liquidated, with the liquidation reward deducted from your collateral.
- The card is issued as a credit card, and its terms reserve the right to charge interest on future purchases.
- The card application terms require applicants not to be U.S. citizens and target applicants outside the United States.
How to Apply for Hyperbeat Pay (Using the Referral Code)
- Open the referral link in this article (the button above) to reach Hyperbeat’s sign-up page. Register for free with an email address and passkey.
- Following the referral link pre-fills the referral code field with
penchan(outlined in red in the image below). The code gives you no extra reward; you still receive your full cashback. - Complete KYC. A passport is preferred. You also need a selfie with liveness detection; some regions require proof of address issued within the past three months. Complete documents are usually approved within two minutes.
- Select “Virtual card” to issue a virtual card immediately.
- Deposit funds using fiat or USDC, USDT, BTC, ETH, SOL, or HYPE.
- Add the card to Apple Pay or Google Wallet, or copy the card number to use it directly.
For how Credit Mode works, see What is DeFi?. Trading-volume rewards relate to the difference between spot, leverage, and perpetual futures.
Using Hyperbeat Pay in Hong Kong
Hong Kong is on the official supported-jurisdiction list. A passport is the safest KYC document to use; acceptance of a national ID or driver’s license depends on the region.
Hyperbeat provides official instructions for both Apple Pay and Google Pay. For Apple Pay, the country of residence registered to your account must be on Apple’s supported list; Hong Kong is on it. Otherwise, you may see a “Could Not Add Card” error. Each card can be activated up to 10 times in 90 days and up to 5 times in 24 hours.
The app is available for iOS, Android, and web.
