Picnic - Gnosis Pay
Picnic
DebitVisaSelf-Custody
Max CashbackN/A
Annual FeeFree
Time in Market5 years
KYCRequired
Highlights
Self-custody Smart Wallet powered by Safe (securing $70B+ in digital assets)
Zero IOF (Brazilian foreign-exchange tax) on card purchases in USD
Accepted in 180+ countries for online and in-store purchases
Zero-spread dollar purchases via PIX (current incentive)
DeFi rewards: USD up to 10% APY, EUR 4-10% APY, BRL 10-20% APY
PIX on/off-ramp with automatic Visa conversion at checkout
Virtual and physical Visa card
Lower FX rates compared to traditional Brazilian banks
Insights
No Direct Cashback
No direct cashback - evaluate mainly for features, regions and custody model.
Self-Custody
Non-custodial design - better for power users who prefer holding their own keys.
Full KYC Required
Full KYC - typical for regulated neobanks, usually enabling higher limits and broader coverage.
Key Facts
Annual Fee
FreeFX Fees
0%-0.5%Network
VisaCustody
Self-CustodyRegions
BrazilAssets
USDC on Gnosis Chain, 80+ networks via cross-chain bridgingMetal
NoSignup Bonus
$10