Avici

What is Avici?

Avici is a self-custodial crypto spending platform that lets users hold crypto and pay for everyday purchases using a Visa card while keeping control of their funds. Avici positions itself around "spend crypto easily" with a wallet-style experience and modern security tooling (including account abstraction and passkeys) intended to make self-custody simpler.

The core product is the Avici Card, a Visa debit card that supports instant virtual cards and a physical metal card. Avici also promotes a "spend it, don't sell it" model—using crypto to power spending—alongside messaging around "self custody credit" and credit-line functionality that is described as coming soon.

Avici is currently available in the EEA region and supports ERC-20 tokens as supported assets.

Main Features

Self-Custodial Smart Wallet: Avici emphasizes user control of funds with self-custody, using modern UX patterns such as account abstraction and passkeys to reduce reliance on traditional seed-phrase workflows. This approach is designed to keep funds under user control while simplifying access and approvals.

Avici Visa Debit Card (Virtual + Physical): Avici offers both virtual and physical cards. The website states your card can be ready quickly (presented as "ready in 2 minutes" for card setup). A physical card can be delivered to your address, and the product includes a metal card offering.

Named Virtual Accounts (IBAN): Avici now offers named virtual accounts powered by MoonPay, providing users with a real account number and IBAN. This feature bridges self-custody crypto with the traditional fiat world, allowing users to receive bank transfers (USD or SEPA EUR) that are automatically converted to stablecoins (USDC or EUROC) in their self-custodial wallet. Users can also send fiat to any bank account by paying with stablecoins from their Avici wallet. Built on Solana, this feature enables fiat compatibility while maintaining true self-custody ownership.

Mobile Wallet Support (Apple Pay / Google Pay): Avici supports Apple Pay and Google Pay for tap-to-pay, enabling in-store payments via mobile wallet.

Multiple Cards for Categories: Avici highlights the ability to create multiple cards for different spending categories—such as subscriptions, groceries, and travel—helping users segment spending and manage budgets.

Rewards / Cashback: The Avici Card offers cashback up to 2%. Existing materials also reference 1.5%–2% cashback on eligible purchases, which aligns with the published maximum cashback rate of 2%.

Visa Benefits: Avici markets "Visa card rewards and benefits" content such as travel-related perks (for example airline miles, rental insurance, emergency services, and other Visa-program benefits). Availability and exact benefit tier can depend on card program terms; however, Avici does explicitly highlight Visa benefits as part of the offering.

Named Virtual Accounts: How It Works

Receiving Fiat:

1. Someone sends you $1,000 via normal USD bank transfer or €1,000 via SEPA
2. The system auto-converts it to USDC or EUROC
3. Stablecoins land in your Avici self-custody account

Sending Fiat:

1. You have stablecoins (e.g., 1,000 USDC) in your Avici wallet
2. You want to pay someone who only accepts bank transfers
3. Using the withdraw feature in Avici app, you add payee details and hit send
4. Avici sends fiat to the payee while you send stablecoins

This feature eliminates the need for centralized exchanges or separate off-ramp services—everything happens with one click while maintaining self-custody.

Pricing & Fees

Avici is positioned as a low-fee product, and the Avici Card is free on an annual-fee basis.

Card Fees:

Card Type	Cost
Annual Fee	Free
Signup Bonus	Waitlist
Physical Card	Available (metal card)
Virtual Card	Available

Transaction Fees (Key Items):

Fee Type	Cost
FX Fee	0%
ATM Withdrawal Limit	€1,000/day
Staking Requirement	None

Avici also markets "no hidden fee" messaging and highlights reduced complexity around onchain costs (e.g., "no gas fee" messaging on the site). Where onchain network fees may still exist in practice depending on transaction type and chain conditions, Avici's stated positioning is that users should not face confusing or unexpected platform fees.

Supported Blockchains / Assets

Avici supports ERC-20 tokens (supported assets). This means the card/wallet experience is designed around assets issued as tokens on EVM-compatible infrastructure.

The new Named Virtual Accounts feature is built on Solana, enabling fast and low-cost fiat-to-stablecoin conversions.

Because the supported assets are defined as ERC-20, Avici should be considered EVM / Ethereum-token oriented from an asset-compatibility perspective, with additional Solana support for the virtual accounts feature.

How It Works

1. Hold your crypto: Users keep crypto in a self-custodial setup designed to maintain user control. Avici emphasizes that you can "hold crypto, get cash" and keep funds accessible for spending.

2. Create your card(s): Avici supports virtual cards and a physical card. The website flow suggests the card can be ready quickly (presented as about 2 minutes).

3. Top up & spend: You can fund spending with supported crypto and use the card anywhere Visa is accepted. Avici's positioning is "spend it, don't sell it," i.e., spend without needing to manually liquidate holdings in advance.

4. Receive & send fiat: With Named Virtual Accounts, receive bank transfers that auto-convert to stablecoins, or send fiat payments directly from your stablecoin balance.

5. Withdraw funds anytime: Avici highlights the ability to withdraw funds and reinforces the "your funds, your control" model.

Security & Custody

Avici's key differentiation is the combination of a Visa card experience with self-custody:

• Non-custodial custody model: The Avici Card is listed as Non-Custodial, aligning with Avici's emphasis on user control of funds.
• Account abstraction: Avici highlights account abstraction as a way to make self-custody easier to use in practice.
• Passkeys: Avici explicitly markets passkeys as part of its security model, aiming to replace or reduce dependence on passwords/seed-phrase handling.
• Onchain and transparent: Avici describes the experience as "onchain" and "transparent," consistent with a self-custody-first approach.

Roadmap & Future Features

Avici's public site includes messaging that some features are coming soon. In particular, it describes a model where "Visa hands you a credit line with matching spending power" backed by crypto—presented explicitly as Coming Soon.

• Crypto-backed credit line (Coming Soon): Avici markets a credit-line concept connected to crypto backing/collateral and positioned as "spend it, don't sell it." Because this is listed as coming soon, it should be treated as roadmap rather than a fully available feature.

Who Should Use Avici?

Ideal For:

• Crypto users in the EEA who want a Visa card experience while prioritizing self-custody
• Users who prefer 0% FX fees for cross-border spending (useful for travel and international purchases)
• People who want Apple Pay / Google Pay support for everyday tap-to-pay
• Users who want to separate spending via multiple cards (subscriptions vs. travel vs. groceries)
• Anyone looking for cashback up to 2% on eligible purchases
• Users who want a physical metal card in addition to a virtual card
• Freelancers and remote workers who receive payments via bank transfer but prefer holding stablecoins
• Users who need to pay contractors or businesses that only accept fiat bank transfers

May Not Be Suitable For:

• Users outside the EEA (availability is region-limited)
• Users who require support for non–ERC-20 assets (since supported assets are listed as ERC-20 tokens)
• Users who want a fully traditional banking bundle (e.g., extensive fiat banking rails), as Avici's core emphasis is crypto holding and card spending
• Users who want guaranteed access to credit-line functionality today (some "credit" messaging is marked Coming Soon)

Considerations

Avici's proposition is built around combining a familiar Visa card spending experience with non-custodial control and modern wallet security. For eligible users, the combination of 0% FX fees, cashback up to 2%, mobile wallet support, and the ability to create multiple cards can be compelling—especially for those who want to keep funds under their own control rather than parking balances with a custodial card issuer.

The new Named Virtual Accounts feature significantly expands Avici's utility by bridging self-custody crypto with traditional banking. Users can now receive salary payments, client invoices, or transfers from non-crypto friends directly to their Avici account, with automatic conversion to stablecoins. This positions Avici as a real alternative to traditional bank accounts for the internet age.

At the same time, it's important to distinguish between features that are available today and those that are positioned as roadmap. Avici's site includes "self custody credit" and "matching spending power" language with a clear Coming Soon note. Users evaluating Avici primarily for credit functionality should confirm current availability within the app and review the latest program terms.

Finally, while Avici promotes a simplified fee experience ("no hidden fee"), users should still review the in-app disclosures and cardholder terms for any program-level limits and conditions. From the product data available here, the key published constraints include an ATM limit of €1,000/day, supported assets limited to ERC-20 tokens, and availability in the EEA.

Key Features

• DeFi Integration
• Yield
• Premium Design
• 1.5%–2% cashback on eligible purchases
• Instant virtual & physical cards
• Named Virtual Accounts with IBAN (powered by MoonPay)
• Fiat on-ramp & off-ramp with auto-conversion to stablecoins
• SEPA and USD bank transfer support
• Built on Solana for virtual accounts