1inch is winding down its crypto debit card, but customers who miss the withdrawal deadline will not lose access to their funds. The company said leftover e-wallet balances will remain redeemable for up to six years after an account closes, even as the card program stops accepting new signups.

In the meantime, existing cards and accounts continue to work, so day-to-day spending is unaffected for now.

Section 16 of the issuer's terms keeps balances claimable

In its 1inch Card FAQ, 1inch directs holders to Section 16 of the card issuer's published terms, which covers the redemption of funds held in an e-wallet. Under that section, balances can be claimed for up to six years after the account is closed.

Holders who miss that window should contact Crypto Life or the issuer under the card's terms. Even so, 1inch urges users to withdraw their balances now rather than rely on the fallback process, since the fallback depends on third-party processes it cannot verify.

The company cautioned that these processes are managed by third parties whose terms, procedures, and timelines can change at any time, and said it has no way to verify or confirm them.

Crypto Life and the issuer control the actual cutoff

1inch is asking holders to move their as soon as reasonably possible, and no later than December 18, 2026 — a date the company described as "as far ahead as we can currently foresee." Because the card issuer and card provider set the program's precise timeline, 1inch cannot guarantee the exact end date.

Card accounts are overseen by Crypto Life. Funds are held by Baanx.com Ltd in the UK and Frozen Time UNIPESSOAL LDA in the EU. In legal terms, Crypto Life is Frozen Time UNIPESSOAL LDA for users in the EU and Baanx Group Ltd for users in the UK. It handles account closures, card status, KYC, and personal data requests, either by email or through the chat function in the card account.

Holders who do not hear back from Crypto Life can send 1inch support details of what they requested, when, and through which channel. 1inch says it cannot handle account-level requests itself but will record the case and escalate it to Crypto Life.

Card launched with Mastercard in 2024

1inch announced the card in April 2024 together with Mastercard and Baanx-linked Crypto Life. The product converted crypto to fiat at checkout and could be used online, in stores, and at ATMs on the Mastercard network, as well as through Apple Pay and Google Pay.

The wind-down comes even as crypto card usage has been growing: total crypto card volume rose 33% to $4.31 billion in Q3 2026 from $3.24 billion in Q2, according to Cryptopolitan. USDC card payments surpassed $439 million in September, more than three times the volume of USDT.

Card programs have also faced data-security scrutiny. As Cryptopolitan reported, the Based Visa Card program was hacked on October 5, exposing KYC data of card users, including passport numbers and residential addresses. Based alerted Singapore's data regulator and filed a police report.