Updated October 1, 2018

Minex is a cryptocurrency ecosystem consisting of the MNX coin, a financial instrument AI algo Minexbank, and now the crypto VISA card Minex.

There are four card levels – Standard, Gold, Platinum and Infinite, all offering different fees and services. Notably, the Infinite card is said to provide a 1% cashback – if the feature really works then Wirex that offers 0.5% cryptoback on their cards will have a serious contender.

Minex cards are strongly tied to the MNX coin – you need to pay for them in MNX and the balance is tied to that crypto as well. The cards cost from 2MNX to 100MNX (which is a range from respectively $15 and $750 according to current MNX rate). There is no way to pay for a card except for with MNX coins, and there is no internal exchange either. You have to purchase MNX coins or mine them.

Minex card release date:

The official Minex blog post says “card activation in the end of summer” which hopefully means that in about a month there will be a clear date on when the cards will be shipped. Right now the cards can be pre-ordered here.

Pros: everything about the cards if they work as advertised. Especially the worldwide support:

The cards are avaliable worldwide — Minexcoin | MinexPay (@minexcoin) June 30, 2018

Cons: MNX coin connection. The coin can be purchased only on two smaller exchanges – Coinexchange and Livecoin. It’s a low liquidity coin that pumps and dumps following the news – e.g. see the MNX/BTC rate change after the announcement of the VISA cards (naturally people buying MNX and ordering cards also played a role):

Conclusion

With that said, Minexcould be a valuable option for everyone interested in crypto debit cards, especially considering that they promise worldwide cards delivery (EU and UK users could safely choose Wirex as a card provider). However, the inconvenient way of ordering the cards (by buying MNX coin) puts them under extra scrutiny – do your own research before ordering, especially so if you plan on getting the higher-limit cards.

You can pre-order your Minex card here.