Kolo is a crypto wallet with a virtual-only Visa debit card. You fund it with stablecoins, spend with the card and receive rewards in BTC. Taiwan is not currently on the list of supported countries. This guide covers the company, rewards, fees and application steps. To compare it with other cards, see our crypto card comparison. For fees and risks, start with what to know before applying.
What is Kolo? Company background
Kolo began as a Telegram mini app. A company press release says it was founded in 2022 and is owned by Hardline Holdings Limited. Its operating entity was first Cryppo, UAB in Lithuania, then changed to BURVIX SP. Z O. O. in Poland in January 2026. In July of the same year, Hardline Holding Limited, based in Kazakhstan’s Astana International Financial Centre (AIFC), took over service provision.
The CEO is Pavel Luchkovskyi. A company press release in May 2025 said the team had more than 100 people. By February 2026, Kolo had processed more than US$250 million in transactions.
The card is a virtual-only Visa debit card. There are two card products: the USD card is issued by Banco Popular de Puerto Rico, and the EUR card by the UK’s WIREX, LTD. The EUR card launched on July 1, 2026. Kolo assigns a card based on the results of your verification.
Since July 1, 2026, the wallet has been a self-custodial MPC wallet. Kolo holds a key share used for co-signing and can refuse to sign for restricted accounts. The USD balance linked to the card is a fiat balance and is not self-custodial.
Kolo rewards: USD and EUR cards
Kolo has no membership tiers. Eligible personal cards receive the applicable rewards automatically. The two products are calculated separately and their rewards cannot be combined. Rewards are paid in BTC. Each day, Kolo settles rewards for transactions cleared the previous day. Merchant category does not matter; business and co-branded cards are excluded.
| Item | USD card | EUR card |
|---|---|---|
| First 30 days | 2%, up to US$2 per transaction and US$100 per month | 2%, up to €2 per transaction and €100 per month |
| After that | 1%, up to US$1 per transaction and US$100 per month | 1%, up to €1 per transaction and €100 per month |
| When the 30 days start | Card activation date | Date your first EUR card is issued (cards issued before 2026-07-24 use that date as the start) |
| Minimum qualifying transaction | US$1 per transaction | €1 per transaction |
| Settlement time | 1–3 days | Up to 14 days |
| Monthly fee | None | None |
| ATM | US$1 plus 0.65% per withdrawal | Not supported |
| Limits | US$9,000 per day and per month | €30,000 per transaction and per month |
| Lifetime replacement limit | Up to 10 per account | Up to 5 per account |
Kolo may change, suspend or end the rewards program at any time without notice.
For a full comparison, see Kolo review and comparison.
Kolo fees
- Card issuance: The virtual card is free, but activation requires an initial deposit: at least 10 USDT, USDC or DAI, or 9 EURC or EURI for the USD card; or 12 USDT or USDC for the EUR card. The deposit is refunded in USD as a “card issue bonus.” It can only be spent, not withdrawn.
- Monthly fee: None.
- Top-ups: Crypto deposits are free (0%).
- USD transactions: At non-US merchants, the USD card charges a 1% conversion fee plus a 1% card issuer fee, for a total of 2%. At US merchants, the fee is 1%. A USD transaction on the EUR card incurs a 1% conversion fee plus a 1.35% foreign exchange fee.
- ATM: Only the USD card supports ATM withdrawals. Use Apple Pay or Google Pay at a contactless ATM. Each withdrawal costs US$1 plus 0.65%, with a maximum of US$500 per transaction and three withdrawals in 24 hours. Balance inquiries and declined ATM transactions each cost US$0.60.
- Payment buffer: The system reserves about 1% during payment. Any unused amount is returned; it is not a fee.
See Kolo detailed fees for the full fee schedule.
What to know before applying
- Completing verification does not guarantee that you can get a card; the card option may not appear.
- The initial card deposit is refunded for spending only. The USD card has a US$9,000 daily and monthly limit. Kolo can change limits and may notify users after a change.
- Rewards have per-transaction and monthly caps. Kolo may also change or end the rewards program at any time without notice.
- Hardline Holding Limited, based in Kazakhstan’s AIFC, currently operates the service. Disputes are handled by the AIFC Court.
How to apply for Kolo (where to enter the referral code)
Kolo has no field for entering a referral code. Our referral link ends in p739826: enter your email on the landing page before downloading the app, then register with the same email within 30 days. You cannot link a referral after registering.
- Open the referral link and enter your email on the landing page.
- Download the Kolo app (iOS or Android), or use the web version at my.kolo.in or the Telegram mini app @kolo.
- Register with the same email within 30 days. Downloading the app and registering before entering your email on the landing page may prevent referral attribution.
- Complete verification: email, SMS phone verification, an identity document and selfie liveness check, then a questionnaire.
- Make the initial deposit. The card is issued in about 10 seconds.
- Add the card to Google Pay, or to Apple Pay subject to the card’s requirements: the USD card requires your verified country of residence to support Apple Pay; the EUR card has no additional restriction.
Using Kolo in Taiwan
Kolo supports Apple Pay, Google Pay and PayPal. Adding the USD card to Apple Pay requires meeting the verified country-of-residence condition above. Samsung Wallet is not supported. JKoPay only accepts cards from participating domestic banks. For cards that can be applied for in Taiwan, see RedotPay promo code and application guide.
