Ethena PayEthena Pay
86
Side-by-side card comparison
Ethena Pay vs Pionex: fees, rewards and account setup
Ethena Pay Card has the higher Overall Score by 29 points (86 vs 57). Ethena Pay Card also looks stronger for Cashback, Travel, Funds control, Lowest fees, and Transfers. The details below show where Pionex Card may still be the better personal fit.
Information checked Sep 1, 202671 official sources reviewed
01 · Make the first cut
Ethena Pay Card is the better all-round starting point
Ethena Pay Card has the higher Overall Score in this comparison. Pionex Card may still suit you better if its card format, way of holding funds or availability is the deciding factor. A score cannot tell you whether a provider will accept your application or whether every feature will be available where you live, so check the latest provider terms before signing up.
OverallEthena Pay86Pionex57Higher score
CashbackEthena Pay89Pionex52Higher score
TravelEthena Pay64Pionex29Higher score
Funds controlEthena Pay86Pionex43Higher score
Lowest feesEthena Pay87Pionex58Higher score
TransfersEthena Pay82Pionex79Higher score
Choose Ethena Pay Card if cashback and travel matter most
Ethena Pay Card comes out ahead for Cashback, Travel, Funds control, Lowest fees, and Transfers in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- Strong Standard cashback bands
- No Standard monthly fee or FX markup
- Collateral stays in linked wallets
Choose Pionex Card if its day-to-day setup suits you
Pionex Card does not lead one of the use-case scores here, but it can still be the right choice when its costs, rewards and day-to-day setup match how you plan to use it. The other card looks stronger for Cashback, Travel, Funds control, Lowest fees, and Transfers, so compare that advantage with the features you would actually use.
- Visa and Mastercard options
- 0.1%-1% cashback in USDT
- Pionex account funding and payouts
The differences that could change the result
The overall score points one way, but a specific use case or product condition may point another.
- Overall Score
- Ethena Pay86Pionex57
Ethena Pay Card has the higher Overall Score by 29 points.
- Entry cost & FX
- Ethena Pay$0 plan · 0% Ethena Pay markup; Visa rate applies FXPionex$0 plan · Not disclosed FX
The starting plan and FX figures are tied, or the providers have not published enough matching information to name a lower-cost option.
- Purchase rewards
- Ethena Pay4% base · up to 5%Pionex0.1% base · up to 1%
Ethena Pay Card has the higher published base cashback rate (4% vs 0.1%).
- Funds control
- Ethena PayHybrid custodyPionexCustodial balance
Ethena Pay Card uses a hybrid custody setup, while Pionex Card uses a custodial balance setup. Neither approach is always better, so choose the level of control you are comfortable with.
- Everyday access
- Ethena PayVirtual · Apple PayPionexVirtual · Apple Pay, Google Pay
Pionex Card lists more card formats and phone-wallet options (3 vs 2).
- Money movement
- Ethena Pay1 stablecoin · Stablecoin transfers; Ethena Pay user transfer; Bank withdrawalPionex1 stablecoin · Stablecoin transfers; Pionex Primary ↔ Card account transfer, Pionex Primary → Mastercard account transfer; Pionex account cash-out
Both cards list the same number of stablecoins and ways to send money out.
02 · Read the shortlist
A closer look at the two cards
These quick facts cover the costs, rewards and everyday features most likely to shape your choice. Use the full table below when you want the finer details.
- Cashback
- 4%-5%
- Plan cost
- $0
- FX fee
- 0% Ethena Pay markup; Visa rate applies
- ATM fee
- Not available
- Card formats
- Virtual
- Wallet payments
- Apple Pay
- Receive methods
- 0 crypto · 0 fiat
- Payout methods
- 1 crypto · 0 fiat
- Cashback
- 0.1%-1%
- Plan cost
- $0
- FX fee
- Not disclosed
- ATM fee
- Not available
- Card formats
- Virtual
- Wallet payments
- Apple Pay, Google Pay
- Receive methods
- 1 crypto · 0 fiat
- Payout methods
- 1 crypto · 0 fiat
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03 · Compare the details
Compare the details side by side
We highlight a better number only when both cards publish values that can be compared fairly. Anything missing stays clearly marked.
Best known Not disclosed
CardsEthena Pay CardOverall86Pionex CardOverall57
Ethena Pay CardOverall86Pionex CardOverall57Scores
6 fields- Overall Score
- Ethena Pay Card86Pionex Card57
- Cashback score
- Ethena Pay Card89Pionex Card52
- Travel score
- Ethena Pay Card64Pionex Card29
- Funds control score
- Ethena Pay Card86Pionex Card43
- Lowest fees score
- Ethena Pay Card87Pionex Card58
- Transfers score
- Ethena Pay Card82Pionex Card79
Strengths & trade-offs
2 fields- Strengths
- Ethena Pay CardStrong Standard cashback bands, No Standard monthly fee or FX markupPionex CardVisa and Mastercard options, 0.1%-1% cashback in USDT
- Trade-offs
- Ethena Pay CardCard access is still application-gated, One-day payment grace adds liquidation riskPionex CardMastercard can cost up to 3.5%, General access is virtual-only
Costs
7 fields- Plan cost
- Ethena Pay Card$0Pionex Card$0
- FX fee
- Ethena Pay Card0% Ethena Pay markup; Visa rate appliesPionex CardNot disclosed
- Top-up fee
- Ethena Pay CardProvider collateral-funding fee unknown; external network gas is separatePionex CardNot disclosed
- Card spending fee
- Ethena Pay Card0%Pionex Card3.5%
- ATM fee
- Ethena Pay CardNot availablePionex CardNot available
- Virtual card
- Ethena Pay CardUSD 0Pionex CardAvailable
- Physical card
- Ethena Pay CardNot disclosedPionex CardNot available
Plans
2 fields- Available plans
- Ethena Pay Card3 plans: Standard, Pro, VIPPionex Card2 plans: Mastercard, Visa
- Top cashback plan
- Ethena Pay CardVIP: 5%Pionex CardVisa: 1%
Everyday use
8 fields- Network
- Ethena Pay CardVisaPionex CardVisa/Mastercard
- Card formats
- Ethena Pay CardVirtualPionex CardVirtual
- ATM withdrawals
- Ethena Pay CardNot availablePionex CardNot available
- Mobile wallets
- Ethena Pay CardApple PayPionex CardApple Pay, Google Pay
- Apps
- Ethena Pay CardiOS, WebPionex CardNot disclosed
- Daily spending limit
- Ethena Pay CardDynamic, based on collateral market valuePionex Card$10,000-$20,000/day; $10,000-$20,000/transaction depending on network
- Monthly spending limit
- Ethena Pay CardDynamic, based on collateral market valuePionex Card$50,000-$100,000/month depending on network
- ATM limit
- Ethena Pay CardNot availablePionex CardNot available
Funding & transfers
5 fields- Networks
- Ethena Pay CardEthereum, Polygon, Optimism, ArbitrumPionex CardNot disclosed
- Crypto deposits
- Ethena Pay CardNot disclosedPionex CardOther crypto: Supported crypto
- Fiat deposits
- Ethena Pay CardNot disclosedPionex CardNot disclosed
- Transfers
- Ethena Pay CardStablecoin transfers; Ethena Pay user transfer; Bank withdrawalPionex CardStablecoin transfers; Pionex Primary ↔ Card account transfer, Pionex Primary → Mastercard account transfer; Pionex account cash-out
- Payout currencies
- Ethena Pay CardNot disclosedPionex CardNot disclosed
Rewards
3 fields- Base cashback
- Ethena Pay Card4%Pionex Card0.1%
- Max cashback
- Ethena Pay Card5%Pionex Card1%
- Reward currency
- Ethena Pay CardAVAXPionex CardUSDT
Earn
5 fields- Advertised APY
- Ethena Pay CardUp to 6% APYPionex CardUp to 5% APY
- How it works
- Ethena Pay CardEarn on spending balancePionex CardEarn on spending balance
- Separate deposit
- Ethena Pay CardNoPionex CardNo
- Use balance for spending
- Ethena Pay CardYesPionex CardYes
- Lock-up
- Ethena Pay CardNoPionex CardNo
Trust & availability
5 fields- Custody
- Ethena Pay CardHybrid custodyPionex CardCustodial
- Control until payment
- Ethena Pay CardYou keep controlPionex CardProvider controls funds
- Card issuer
- Ethena Pay CardThird NationalPionex CardNot disclosed
- Card processing
- Ethena Pay CardSignify Holdings, Inc. d/b/a RainPionex CardNot disclosed
- Identity verification
- Ethena Pay CardSumsubPionex CardNot disclosed
Sources
2 fields- Official sources
- Ethena Pay Card12Pionex Card59
- Last reviewed
- Ethena Pay CardSep 1, 2026Pionex CardAug 14, 2026
04 · The takeaway
Ethena Pay Card is the stronger all-round choice
Ethena Pay Card finishes ahead with an Overall Score of 86 versus 57 for Pionex Card. The starting plan and FX figures are tied, or the providers have not published enough matching information to name a lower-cost option. Ethena Pay Card has the higher published base cashback rate (4% vs 0.1%).
Pionex Card can still be the more comfortable choice if its availability, card setup or way of holding funds suits you better. Ethena Pay Card uses a hybrid custody setup, while Pionex Card uses a custodial balance setup. Neither approach is always better, so choose the level of control you are comfortable with.
Both cards list the same number of stablecoins and ways to send money out. Before applying, confirm availability in your country and recheck the provider's current fees and reward conditions.
If one card now looks like the better fit, you can check the latest application terms on the provider site or read our full Ethena Pay Card and Pionex Card reviews first.
Continue with
Ethena Pay Card
Continue with
Pionex Card
05 · Common questions
Ethena Pay vs Pionex FAQ
Is Ethena Pay or Pionex better overall?
Ethena Pay Card has the higher Overall Score (86 vs 57). That does not make it better for everyone: your preferred fees, rewards, way of holding funds and country availability can change the practical choice.
Which has lower fees, Ethena Pay or Pionex?
The starting plan and FX figures are tied, or the providers have not published enough matching information to name a lower-cost option. Compare plan, FX, card-spend, top-up and ATM charges separately because one fee does not represent the full cost.
Which has better cashback, Ethena Pay or Pionex?
Ethena Pay Card has the higher published base cashback rate (4% vs 0.1%). Maximum rates may depend on tiers, caps, categories or other conditions, so the entry rate and reward asset matter too.
How do Ethena Pay and Pionex differ on custody?
Ethena Pay Card uses a hybrid custody setup, while Pionex Card uses a custodial balance setup. Neither approach is always better, so choose the level of control you are comfortable with.
How current is this Ethena Pay vs Pionex comparison?
The latest information check for these two cards was September 1, 2026, using 71 official sources in total. Each full card review lists its own check date, sources and anything the provider has not clearly disclosed.