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EtherFi Cash Review 2026: Non-Custodial Visa Card and Yield

EtherFi Cash is ether.fi's spending and savings account, built around a Visa card that lets users spend crypto held in their own wallets. It combines yield, borrowing and cashback, but key protections are still pending and terms can change.

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

7.0/10

Good

Visit EtherFi Cash Liquid

Our verdict on EtherFi Cash Liquid

7.0/10

EtherFi Cash suits crypto holders, especially existing ether.fi or ETHFI users, who want to spend from their holdings and keep earning without selling. Its main strength is the combination of a Visa card with 3% to 4% cashback and an all-in-one account for yield, borrowing and trading. The main caveat is uncertainty: protection is not live, audit details are thin, fees are not fully published, and the company can change benefits at any time.

Score breakdown

How EtherFi Cash Liquid scores

Security: 6.0/10
Ease of use: 7.5/10
Fees: 4.5/10
Features: 8.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is EtherFi Cash Liquid?

EtherFi Cash Liquid is the card and account side of ether.fi, a project best known for liquid staking and its ETHFI token. The homepage pitches one account to hold, earn, borrow, spend, trade and send crypto, tokenized stocks and metals. DefiLlama files it under Crypto Card Issuer, lists it on Optimism and Scroll, and shows about $249.5 million in TVL, listed since June 2025.

The headline feature is a Visa card with 3% cashback on everyday spending, rising to 4% on the VIP tier. Higher tiers add a metal card, airport lounge access, subscription cashback in a chosen category and concierge services. The app claims support for more than 100 assets.

There are clear caveats. The balance protection program is not yet live, benefits can be changed at any time, and the card is issued by a third party under separate terms. DefiLlama lists no audits, although the homepage mentions Halborn.

How EtherFi Cash Liquid works

EtherFi Cash is part of ether.fi's push from liquid staking into everyday finance. Users hold crypto in an account the company calls non-custodial, and the Visa card lets them spend against those assets instead of selling them. A search snippet describes the card as connecting directly to your portfolio so assets can keep earning while you spend.

The account also bundles other functions. The homepage lists earning through rewards and automated strategies, borrowing against held assets, trading tokenized stocks, metals and crypto, and sending assets internationally. DefiLlama tracks the Liquid vault product under the Crypto Card Issuer category, with deposits on Optimism and Scroll.

The card itself is issued by a separate issuer under its own terms, and cashback depends on the membership tier. Yield strategies and borrowing carry the usual DeFi risks: smart contract bugs, market moves and liquidation if collateral falls in value.

Pros and cons

What we like

Non-custodial design lets users spend without moving assets to a separate custodian, per the homepage.
Cashback of 3% on core spending, up to 4% on VIP, plus category cashback on subscriptions at higher tiers.
One app covers earning, borrowing, trading tokenized stocks and metals, and international transfers.
About $249.5 million in TVL on Optimism and Scroll shows meaningful use.
Backed by the established ether.fi brand and ETHFI token ecosystem.

Watch out for

DefiLlama lists no audits for this product, and the homepage names only Halborn without saying what was audited or when.
The account balance protection program is described as not yet live, with full terms still to come.
Benefits and rewards can be changed, suspended or discontinued at any time, with or without notice.
The card is issued under separate terms from a third-party issuer and is not affiliated with the ether.fi protocol.
Products may not be available in all jurisdictions, and the project does not say which regions are supported.
Staking and restaking carry risks of principal loss, slashing and smart contract bugs, and rewards are not guaranteed.

EtherFi Cash Liquid fees

The homepage does not publish a full fee schedule. A third-party search snippet says the base plan is $0, compared with a $20 per year plan on a rival card, but pricing for Luxe, Pinnacle and VIP is not public.

The homepage describes sending money as using transparent, low-cost transactions without giving figures. Swap, trading, borrowing and card fees are not stated, so users should check the app, the membership comparison page and the card issuer's terms before committing funds.

Is EtherFi Cash Liquid safe?

The homepage says the product is audited and protected by Halborn, but DefiLlama lists zero audits for it and the project does not say which contracts were reviewed. A bug bounty is linked in the footer. Readers should look for the actual audit reports before depositing.

The account balance protection of up to $500,000 per account is explicitly marked as not yet live, so it should not be counted on today. The card is issued by a separate issuer under its own terms and is not affiliated with the protocol. ether.fi warns of risks including loss of principal, slashing and smart contract vulnerabilities, and says rewards are not guaranteed. Availability varies by jurisdiction.

6 steps

How to get started with EtherFi Cash Liquid

1
Read the ether.fi Terms, Risk Disclosures and the card issuer's separate terms, and confirm the product is available where you live.
2
Download the app from the App Store or Google Play, or open the web app, and sign up.
3
Complete any identity or eligibility steps the app asks for; the project does not say what these are.
4
Fund the account with crypto or cash and choose which assets to hold or put into earning strategies.
5
Choose a membership tier using the Compare Memberships page, keeping in mind benefits can change.
6
Order the card and check the cashback rates, limits and fees shown in the app before spending.

Open EtherFi Cash Liquid

Who EtherFi Cash Liquid is for

This is for crypto holders who want a card and a savings or borrowing account in one app and are comfortable with DeFi risks. It is less suited to people who need guaranteed deposit protection, a fixed fee schedule or confirmed availability in their country.

EtherFi Cash Liquid FAQs

Is EtherFi Cash non-custodial?

ether.fi describes itself as an all-in-one non-custodial app. It also states that the ether.fi Cash card is not affiliated with the ether.fi protocol and is issued under separate terms from the card issuer, so readers should read both sets of terms.

How much cashback does the card offer?

The homepage advertises 3% cashback on everyday purchases for the Core and Luxe tiers and Pinnacle also lists 3%. VIP lists 4%. Higher tiers add subscription cashback in one chosen category, at 10%, 20% or 30% depending on tier. All benefits are subject to change.

What membership tiers are there?

The homepage lists four memberships: Core, Luxe, Pinnacle and VIP. Luxe adds a metal card and free airport lounge passes, Pinnacle adds a premium card and unlimited lounge access, and VIP adds a gold card, concierge and curated venture access. A search result says the base plan costs $0, but the project does not give pricing for the other tiers.

Is there insurance on my balance?

The homepage says eligible balances will get insurance-backed protection of up to $500,000 per account, funded by ether.fi capital and a licensed underwriter. It also states the program is not yet live and that full terms are coming soon. The Core tier mentions a $10K account balance protection.

Which blockchains does it use?

DefiLlama lists Optimism and Scroll as the chains for this product. Its TVL is about $249.5 million as of the data supplied. The ETHFI token is tied to the wider ether.fi ecosystem.

Is it available in my country?

Public sources say products may not be available in all jurisdictions but do not list supported countries. Check eligibility inside the app and in the issuer's terms before signing up.

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