Get a Crypto Card in Panama
REX gives you a Visa-accepting card linked to your USDT, USDC, BTC and ETH balance. Spend, tap-to-pay and withdraw US Dollar at any ATM in Panama City, Colón and beyond.
Local facts
Why a crypto card matters in Panama
If you live in Panama, you've probably hit the same wall: law-pending crypto framework, expat freelancers stuck on USD-only cards, no domestic exchange. While banks in Panama don't block crypto outright, the path from USD to a usable spendable balance still involves slow wires and FX margins. The REX Crypto Card cuts that whole chain — your USDT, USDC, BTC and ETH balance becomes a normal Visa, accepted at any tap-to-pay terminal in Panama City, Colón and beyond.
The mechanics are simple. You hold crypto inside the REX Telegram bot (@Rexchangebot), the card is virtual and issued in seconds, and at the moment of payment your crypto is converted to the merchant's currency at live market rates. There is no separate top-up dance, no SEPA waits, no USD middleman fee chain.
You can add the card to Apple Pay or Google Pay on day one, withdraw US Dollar at any Banco General ATM in Panama City, or use it abroad in 190+ countries when you travel. The Standard tier ($50 one-time) requires no KYC — your Telegram account is the only credential. The Freedom tier ($125, 0.3% fee, €25k/day limit) is the most popular for active users.
Three reasons REX fits Panama
How it works for you
- Open Telegram → tap @Rexchangebot. Registration uses your Telegram account — no separate signup, no KYC for Standard tier.
- Pick a card — Standard ($50, €5k/day), Freedom ($125, €25k/day) or Credit ($5k with prefunded €25k limit). Pay in USDT, USDC, BTC or ETH.
- Add to your wallet — Apple Pay or Google Pay. Tap to pay at any store that takes Visa.
- Withdraw cash at any Banco General ATM in Panama — or any other Visa-accepting ATM worldwide.
REX Card across Panama cities
FAQ for Panama
Will the REX card work with local banks and stores in Panama?
Yes. The card runs on the Visa network, which works alongside your local bank — not against it. You can keep your USD account at Banistmo and use REX as a separate crypto-funded spend channel.
Can I withdraw US Dollar at Banco General ATMs?
Yes. Any ATM in Panama that accepts Visa — including Banco General, Banistmo, BAC Credomatic, Banesco — will pay out in US Dollar. ATM-owner fees may apply locally; REX itself adds 0.5% on Standard or 0.3% on Freedom.
Is KYC required, and what about local crypto regulations?
Standard and Freedom tiers don't require KYC — you authenticate through Telegram. Local laws are your responsibility; the card is a Visa, not a crypto wallet, so spending it abroad is treated like any other debit purchase. Credit tier requires standard ID verification.
How fast does the card actually arrive, and on which devices?
Virtual card details appear in @Rexchangebot within seconds of payment. Add to Apple Pay (iOS/macOS) or Google Pay (Android, Wear OS, Chromebook) from the bot. Physical plastic is rolling out in the next release.
What happens if my crypto price moves between deposit and purchase?
Conversion happens at the moment of payment using live market rates — not at deposit time. You can hold USDT/USDC to avoid volatility, or BTC/ETH if you want exposure. Live rate quotes are shown inside the bot before you confirm.
Other countries in Latin America
Ready to spend crypto in Panama?
Issuance is instant. Card is virtual — works immediately in Apple Pay / Google Pay.