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Ethena Pay vs MEXC Card

Ethena Pay scores higher on the G2M score: 83/100 against 60/100 (#1 and #19 of 26 cards). Pick Ethena Pay for cashback and control of your funds; pick MEXC Card for a lower FX fee and more countries.

Ethena Pay83

#1 of 26 · 4% to 5% back · annual fee none

Get EthenaRead the review
MEXC Card60

#19 of 26 · Up to 10% back · annual fee none

Get MEXCRead the review

The short answer

  • Ethena Pay scores higher on the G2M score: 83/100 against 60/100 (#1 and #19 of 26 cards).
  • Ethena Pay pays 4% cashback on its entry tier; MEXC Card does not publish a rate. Higher tiers go up to 5% on Ethena Pay and 10% on MEXC Card.
  • Neither card has an annual fee.
  • MEXC Card charges less on foreign currency: a 0% FX fee against 1%.
  • Ethena Pay lists 48 countries where it works; MEXC Card does not publish a full country list (182 confirmed so far). Of the markets we check for every card, only MEXC Card is confirmed in EU / EEA.
  • Ethena Pay is self-custodial; MEXC Card is custodial.

Want the answer for your own spending, or the next tier up of each? See what each keeps you a year or pick tiers and add a third card.

Side by side

Detail
Ethena Pay
MEXC Card
G2M score
83 (better)
60
Base cashback
4%
Not published
Max cashback
5%
10% (better)
Paid in
AVAX, daily
USDT
Annual fee
Free
Free
FX fee
1%
0% (better)
Top-up fee
0%
0%
Per-purchase fee
None listed
1% + $0.10 under $1
ATM
$1 + 0.65% per withdrawal
Not available on the global virtual card
Network
Visa
Visa
Card type
Spend
Varies by region
Custody
Self-custodial
Custodial
Formats
virtual
virtual
Apple / Google Pay
Yes / Yes
Yes / Yes
India
No
No
UAE
Yes
Yes
United States
No
No
United Kingdom
No
No
EU / EEA
No
Yes
Countries
48
110
Bank account (IBAN or account number)
In your name
In your name
Send money to a bank account
Not confirmed
1 currency
Buy and sell crypto with fiat
Buy and sell
Buy and sell
Spend against crypto without selling
No
No
Yield on your balance
Yes
Yes
Tiers
Standard · Pro · VIP
Global virtual · Thailand Standard · Thailand Premier · Thailand Elite
Perks
Works on Arbitrum, Ethereum, Optimism and Polygon · 5% a year on your balance, up to $5,000, paid daily in USDe · 6% a year on your balance, up to $100,000, paid daily in USDe · 6% a year on your balance, up to $1,000,000, paid daily in USDe
—

Highlighted values are the better of the two. “Not published” means the issuer does not state it. Card data last checked 25 Oct 2026; see each card's review for its sources.

Questions

Which is better, Ethena Pay or MEXC Card?

Ethena Pay scores higher on the G2M score: 83/100 against 60/100 (#1 and #19 of 26 cards). Pick Ethena Pay for cashback and control of your funds; pick MEXC Card for a lower FX fee and more countries. The better card for you depends on where you live and how you spend; the G2M calculator works it out for your own spending.

Which has lower fees, Ethena Pay or MEXC Card?

Neither card has an annual fee. MEXC Card charges less on foreign currency: a 0% FX fee against 1%.

Which pays more cashback, Ethena Pay or MEXC Card?

Ethena Pay pays 4% cashback on its entry tier; MEXC Card does not publish a rate. Higher tiers go up to 5% on Ethena Pay and 10% on MEXC Card.

Which works in more countries, Ethena Pay or MEXC Card?

Ethena Pay lists 48 countries where it works; MEXC Card does not publish a full country list (182 confirmed so far). Of the markets we check for every card, only MEXC Card is confirmed in EU / EEA.

Who holds my funds with Ethena Pay and MEXC Card?

Ethena Pay is self-custodial; MEXC Card is custodial.

More comparisons

Scores use the same rules for every card (how the score works). Referral links never change a score or rank. Not financial advice.