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Monolith Review: The Pros, Cons and How it Compares

Cryptocurrency can be loaded onto a debit card and used for purchases. Find out why people are raving about the Monolith card with our Monolith review here.

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Crypto cards continue to rise in popularity. As a result, blockchain-based companies have released many new debit cards with compelling benefits. Today, a growing number of experts believe crypto debit cards will lead to a shift away from traditional payment methods and with good reason. 

After all, crypto debit cards are similar to debit cards, marking an easy entree into the world of digital currencies. But instead of drawing money from a bank account, the crypto card draws funds from your crypto wallet. 

In this Monolith review, we'll take a look at one such crypto card platform. Here's what you need to know about this platform and whether or not it's right for you. 

What Is Monolith?

An Ethereum wallet, Monolith also furnishes several choices when it comes to debit cards. These cards permit you to convert Ether along with a select choice of other tokens. These digital currencies then get converted into fiat currency, which is used to top-up the card to make purchases anywhere it is accepted.

The world's first wallet in the DeFi sector, Monolith's accompanying card is a Visa debit card. It runs on the power of smart contracts coupled with the Ethereum blockchain. As a result, it has unlocked a tokenized world. It is important to note that the Monolith Visa card converts crypto to fiat, and there's no Ethereum gas fee involved in the process. Hence, Monolith cardholders do not have to worry about the Ethereum gas fee while using their cards for payments.

Monolith is available on both iOS and Android, and it represents an attractive option for those who wish to explore the Ethereum ecosystem. The platform has worked hard to make the user experience streamlined and intuitive. 

Setting up a Monolith wallet requires writing down a 12-word seed phrase. This phrase is crucial to recover your wallet when a user loses or misplace their phone. Besides this 12-word seed phrase, you'll also need to choose a six-digit PIN number, which you will use for regular logins into your Monolith account. After you've completed these steps, you'll gain access to your wallet. 

This security approach isn't the safest or easiest route to go. So, if you're turned off by having to jump through extra hoops, you may wish to look elsewhere. 

For those who wish to order the debit card, you'll also need to enter some additional information. This information includes your name, address, an ID document, and a selfie.

You can enter all of this data and documentation directly through the app. It doesn't get much handier than that. That said, you'll need to do a few extra things to get a debit card, and it also comes with a waiting period. 

Signing up for the card can be done in about two minutes. But you'll need to allow an additional ten to 15 days for the card to arrive via mail. 

What else do you need to know about Monolith? Let's check out customers' most frequently asked questions (FAQs). 


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FAQs About Monolith

Whether you're new to using a crypto debit card or have some rudimentary experience with these types of debit cards, you probably have questions about how Monolith works.

A fantastic way to learn more about the platform is by taking a look at customer's most frequently asked questions (FAQs). Seeing the answers to these questions will offer you invaluable information about the platform.

Frequently asked questions about Monolith

We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.

What Are the Fees Associated With the Monolith Crypto Card?

Users of the Monolith crypto card love its fee structure. Why? Because if the user knows how to take advantage of this structure, they'll enjoy incredibly low rates.

What's more, the fee structure is easy to understand and transparent, which isn't something we find with all crypto platforms. How do these fees work?

When you get a Monolith debit card, there are no monthly or annual fees. What about international purchases? You'll see a fee of 1.75 percent for each of these transactions if the purchases aren't made in the card's base currency.

As for domestic fees? You'll see no additional fees on domestic purchases. Are you beginning to see why customers get hooked on Monolith's straightforward fee structures? 

What else do you need to know about fees associated with using the card? The user must understand the fee for topping up the card with cryptocurrency. When you top up the card with TKN, you won't get charged any fees.

As for topping up your wallet in DAI? it comes with one percent fees.

What about other tokens? They come with two percent fees.

So, what's the best way to circumnavigate these fees? The easiest way to do this is by remembering to convert your holdings to TKN before adding funds to your Monolith crypto card. That way, you have control over your funds while avoiding fees.

What's the TKN Token, and How Does It Work With the Monolith Crypto Card?

At this point, we've mentioned Monolith's TKN a couple of times. But what is it? TKN is Monolith's proprietary token. 

You can use the TKN token in two specific ways:

  1. To pay no fees when topping up your Monolith crypto card
  2. Earn some of the fees charged to Monolith users

What else do you need to know about TKN? Although it comes with practical purposes, it can also be highly volatile. So, be careful about how much you invest and never go past what you can afford to lose.

What Are the ATM and Purchase Limits Associated With the Monolith Crypto Card?

There are different versions of the Monolith debit card, and they come with slightly different rules and restrictions.

What are the daily spending limits of the card? These limits are €8000 or £7150. You'll enjoy daily ATM cash withdrawal limits of €350 or £350.

As for the maximum amount of money you can hold on the card? Upper limits sit at €8000 or £7500.

Can You Get the Monolith Crypto Card in the US?

Currently, the Monolith crypto card is only available in the United Kingdom and the European Union. That said, you may use both the USDT and the DAI to track the value of the USD, which can be used to top up a Monolith wallet.

Do You Get Cashback Rewards When Using the Monolith Card?

Currently, there are no cashback rewards available when using the Monolith crypto card. That said, when you HODL in the TKN token, you'll get access to funds held through the TKN Community Chest. These come from the top-up fees charged to users of the platform.

Pros and cons of Monolith


  • A transparent and favorable fee structure
  • Instant updates on card transactions via the Monolith app
  • Does not require users to give custody of their crypto assets to a third-party custodian
  • The proprietary token gets used with the Monolith Visa card in a mostly non-intrusive manner
  • Fees can be low with a workaround
  • Exchange tokens via a DEX aggregator with no added fees


  • A fee of 1.75 percent on all spending transactions for the purchases that aren't made in the card's base currency.
  • Only works with Ethereum-based tokens
  • Card top-ups made in coins other than TKN or DAI come with a 2 percent fee
  • Currently only available in 31 nations
  • No benefits or rewards
  • Not currently available in the United States