Bybit Debit Card Review: Tap Into Crypto with Just a Swipe

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The Bybit Card Review explores this innovative Mastercard that lets you tap into your crypto holdings for everyday transactions with ease and convenience.

A Bybit Card review would greatly interest anyone looking to integrate their cryptocurrency holdings into their everyday spending seamlessly.

In 2024, cryptocurrencies are no longer just a niche interest – they’re quickly becoming a part of our financial reality.

But for many, the hurdle of actually using their digital assets in the real world has been a significant barrier to entry. That’s where the Bybit Debit Card comes in, offering a seamless bridge between the virtual realm of crypto and the tangible world of everyday transactions.

Bybit Card Review

This in-depth review will cover everything you need to know about this innovative product, shedding light on:

  • What exactly is the Bybit Card, and how does it work?
  • The different types available
  • Key benefits that set the Bybit Card apart from the competition
  • Bybit Card fees and spending limits
  • Supported currencies, both fiat and crypto
  • Eligibility criteria and the application process

Let’s get started!

What is Bybit Card?

The Bybit Card is a innovative debit card that allows you to tap directly into your cryptocurrency and fiat holdings to make purchases and payments in the real world. Designed by Bybit crypto exchange, the Bybit Card is essentially a bridge that connects your digital assets to the traditional financial system.

At its core, the Bybit Card is a Mastercard, which means it’s accepted at over 90 million merchants worldwide, both online and in-store. But what sets it apart is its direct link to your Bybit account, where you can hold various cryptocurrencies alongside traditional fiat currencies.

As you’ll see in this review, the Bybit Card is a game-changer for anyone looking to integrate their cryptocurrency investments into their daily lives. The Bybit Debit Card is making it easier than ever to unlock the real-world spending power of your digital assets.

Types of Bybit Cards

The Bybit Card is available in both virtual and physical forms, catering to different lifestyle needs. What makes them different?

Virtual Bybit Card

Let’s start with the virtual Bybit Card – a digital version that lives on your smartphone or computer. Think of it as a convenient little pal that’s always ready to make online purchases or secure transactions with a few simple taps or clicks.

The beauty of the virtual card lies in its instant accessibility and portability. Whether you’re lounging on the couch or jet-setting around the globe, your Bybit Card is right there in your pocket, ready to turn your crypto into real spending power.

Physical Bybit Card

For those who prefer a more traditional approach, Bybit also offers a physical Mastercard that you can hold in your hands. This tangible card can be swiped or inserted at stores, restaurants, and ATMs, just like your regular debit card.

The physical Bybit Card brings a sense of familiarity and convenience to the crypto world. It’s like having a trusty sidekick that helps you navigate the real world while still allowing you to tap into your digital assets.

While the virtual card excels at instant gratification, the physical version caters to those who prefer a more tactile experience or find themselves in situations where a physical card is required or preferred.

How Bybit Debit Card Works

The Bybit Debit Card is a true marvel of modern technology, thanks to its seamless integration with the Mastercard network. This global partnership means that your Bybit Card can be used just like any other Mastercard, accepted at over 90 million merchants worldwide. No more hunting for crypto-friendly stores or worrying about compatibility issues.

The Bybit Card Review explores this innovative Mastercard that lets you tap into your crypto holdings for everyday transactions with ease and convenience.

But what really makes the Bybit Debit Card tick is its direct link to your Bybit Funding Account. This account acts as the fuel tank for your card, holding your fiat and crypto funds in one convenient place. Whether you’ve got dollars, euros, or digital coins stashed away, the Bybit Card can tap into that account with ease.

Now, here’s where things get really intresting. Let’s say you’re out shopping and your fiat balance is running low. No problem! The Bybit Card will automatically convert your crypto holdings into good old-fashioned cash to cover the payment. It’s like having a personal exchange rate concierge in your pocket, seamlessly bridging the gap between virtual and physical currencies.

And the best part?

You can manage every aspect of your Bybit Card right from the Bybit web platform or mobile app. Monitor your transactions, check your balances, and even set up security features like a PIN or secondary authentication. It’s like having a command center for your financial life, all at your fingertips.

Benefits of Bybit Crypto Card

Let’s be real – managing multiple wallets, exchanges, and payment methods can be a total headache when it comes to crypto. But with the Bybit Crypto Card, you can kiss those worries goodbye. This nifty card gives you seamless access to your crypto funds for spending, anytime, anywhere. No more shuffling between platforms or waiting for transfers – your digital assets are right there, ready to be unleashed.

Thanks to the Bybit Card’s partnership with Mastercard, you can use it at millions of merchants globally. Whether you’re grabbing a coffee down the street or splurging on a tropical vacation, your Bybit Crypto Card will be accepted with open arms. No more awkward conversations about accepting crypto – just swipe, tap, or insert like you would with any other card.

But wait, there’s more!

The Bybit Card also makes it a breeze to off-ramp your crypto into good old-fashioned fiat currency. No more jumping through hoops or dealing with sketchy exchanges. With a simple swipe of your card, your digital coins are instantly converted into spendable cash. It’s like having a direct line to the real world, without sacrificing the benefits of the crypto realm.

And let’s not forget the ultimate perk: flexible card management. The Bybit Debit Card puts you in the driver’s seat, allowing you to monitor your transactions, check your balances, and even set up security features like a PIN or secondary authentication, all from the convenience of the Bybit web platform or mobile app. It’s like having a personal finance guru in your pocket, empowering you to take control of your crypto journey.

Bybit Card Fees

Let’s be honest, fees can be a real buzzkill when it comes to finances. But with the Bybit Bank Card, you don’t have to worry about getting nickeled and dimed at every turn. For starters, there’s a fair 0.5% foreign exchange fee, which is just the cost of doing business when globetrotting with your card.

Now, here’s where things get really interesting: the crypto conversion fee. When your Bybit Card needs to turn your digital coins into cold, hard cash, there’s a 0.9% fee on top of the standard spot fees. It’s a small price to pay for the convenience of seamlessly blending your crypto and fiat worlds.

As for the cards themselves, the virtual Bybit Card is completely free to acquire and use. But if you prefer the feel of a physical card in your hand, there’s a reasonable 5 EUR/GBP/USDT issuance fee for that tangible experience. No hidden costs or surprises here!

And when it comes to good old cash withdrawals from ATMs, you’ll enjoy the first 100 EUR/GBP completely free each month. After that, there’s a modest 2% fee for those extra withdrawals. It’s a fair trade-off for the convenience of having instant access to your funds, no matter where you are.

Compared to other crypto cards out there, the Bybit Card offers a refreshingly transparent and reasonable fee structure. No outrageous charges or hidden gotchas – just straightforward, easy-to-understand fees that won’t leave you feeling like you’re being taken for a ride.

Bybit Card Spending Limits

Now, let’s talk about spending limits. With the Bybit Bank Card, you’ve got a generous daily spending cap of 5,000 EUR/GBP. That’s more than enough for a fancy dinner, a shopping spree, or even a spontaneous weekend getaway without having to worry about hitting a ceiling.

But what if you’re a big spender? No problem! The Bybit Debit Card has got you covered with a monthly spending limit of 50,000 EUR/GBP. That’s a whole lot of wiggle room for those who like to live life to the fullest (or maybe just have a really big family to support).

And for the true high-rollers out there, the annual spending limit is a whopping 250,000 EUR/GBP. Whether you’re indulging in luxury experiences or just really, really love online shopping, the Bybit Debit Card won’t hold you back from living your best life.

With these spending limits, you can rest assured that your Bybit Card will keep up with your lifestyle, whether you’re a modest spender or a full-blown baller. No more worrying about hitting caps or running into embarrassing declined transactions – the Bybit Card has got your back.

Currencies Supported by Bybit Card

When it comes to spending your hard-earned cash (or digital assets), the Bybit Bank Card has got you covered with support for two major fiat currencies: the good old Euro (EUR) and the British Pound (GBP). No more headaches trying to figure out conversions or worrying about obscure currencies – the Bybit Card keeps things nice and simple with these widely accepted options.

But let’s not forget about the real stars of the show: cryptocurrencies!

The Bybit Card is a true crypto enthusiast’s dream, supporting some of the biggest names in the digital asset game, including Bitcoin (BTC), Ethereum (ETH), XRP, Tether (USDT), and USD Coin (USDC). Whether you’re a die-hard HODLer or a savvy trader, your favorite coins are just a swipe away with the Bybit Card.

Countries Eligible for Bybit Card

Now, let’s talk about where you can actually use this nifty little card. As of now, the Bybit Debit Card is available in several European countries, including:

  • Austria
  • Belgium
  • Bulgaria
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal
  • Slovakia
  • Slovenia
  • Spain
  • Sweden

It is worthy of note that the Bybit card is currently not supported in the following countries:

  • Croatia,
  • Iceland,
  • Ireland,
  • Liechtenstein,
  • Romania.

But don’t worry, the team at Bybit is hard at work expanding their reach to even more regions in Asia and Africa.

Let’s now talk about eligibility. To be eligible for the Bybit Card, you’ll need to meet a few criteria.

  • Provide a valid proof of identity (e.g., national ID, passport)
  • Provide a proof of address from one of the eligible EEA countries, issued within the last 3 months
  • Complete Bybit’s Identity Verification Level 2 process
  • Meet any additional risk evaluation criteria set by Bybit

As you can see, it’s all about keeping things secure and above board, just like any other financial service.

But the good news is, the Bybit team is always working on bringing their innovative card to new markets. They’re constantly evaluating expansion opportunities and listening to user feedback, so if your country isn’t on the list yet, don’t lose hope! With the growing popularity of crypto, it’s only a matter of time before the Bybit Crypto Card becomes a global phenomenon.

Pros and Cons

While Bybit Card offers several compelling advantages, it’s essential to consider both sides of the coin before deciding if it’s the right fit for you. The table below presents a concise overview of the card’s pros and cons to help you make an informed decision.

Pros Cons
βœ… Seamless access to crypto funds for everyday spending 🌐 Currently available in limited countries
πŸ’³ Global acceptance at over 90 million Mastercard merchants πŸ’Έ Fees for foreign transactions, crypto conversions, and ATM withdrawals
πŸ’± Convenient off-ramping of crypto into fiat currency 🚫 No custom spending limits (pre-defined limits apply)
πŸ› οΈ Flexible card management through Bybit’s platform πŸ•°οΈ Physical card delivery can take up to 60 days
πŸͺ™ Support for major cryptocurrencies and fiat currencies
πŸ“² Virtual card for instant online transactions
🚫 No annual or inactivity fees

As you can see, getting the Bybit Debit Card depends on your specific needs and preferences. If you’re an active crypto user seeking a convenient way to integrate your digital assets into your daily spending habits, the card’s advantages may outweigh its drawbacks. However, if you’re primarily concerned with minimizing fees or require more customization options, you might want to explore alternative solutions.

Are you getting one? The following paragraph will show you how to apply for a Bybit crypto card.

How to Apply for Bybit Card

Applying for the virtual Bybit Card is a very simple process, but let’s break it down step-by-step so you know exactly what to expect:

Applying for the Virtual Bybit Card

1) First things first, head over to the Finance section of the Bybit website or app, and you’ll see the “Card” option. Click on “Apply Now” to kickstart the process.

Bybit Card Review - Applying for Bybit Card

2) Next up, you’ll need to select your country of residence.

3) Time for the eligibility checks! You’ll need to verify your identity by providing a national ID, passport, or similar document.

After that, you’ll also need to verify your address by submitting a proof of residence issued within the last 3 months from one of the supported countries.

4) Now it’s time to set up some personal preferences. Confirm (or set up) your registered phone number and email address. You’ll also need to enable Google 2FA if you haven’t already for that extra layer of security.

Oh, and if you’ve got a referral code (use ours β†’ 8LAKZG), you can enter it at this stage.

5) Almost there! Set up a security question and answer – think of it as a secret password to keep your account extra secure. Once you’ve got that sorted, click “Submit” and enter your email and Google 2FA code to complete your virtual card application.

6) Sit tight while the Bybit team reviews your application. This usually takes just a few minutes, but in some cases, it can take up to 7 working days. They’ll notify you via email once your application is successful.

Applying for the Physical Bybit Card

It is important to note that before you can apply for the physical card, you’ll need to have already been approved for the virtual Bybit Card. Here’s how that process goes:

1) Head to the Finance section again, and you’ll see a banner for the physical Bybit Card application. Click on that.

2) Customize the display name that will appear on your physical card. Keep it snazzy but within the 21-character limit.

3) Next, you’ll need to provide your shipping address. This should be the same address you used for the virtual card’s address verification.

4) Set up a PIN for your physical card. This PIN will come in handy for ATM withdrawals and certain in-store purchases, so choose wisely!

5) Once you’ve confirmed all the details, click “Apply.” Bybit will review your address change request within 7 business days and let you know the outcome via email.

6) If your address is approved, you’ll be prompted to pay the one-time card issuance fee of 5 EUR/GBP/USDT.

Choose your payment method, enter your email and Google 2FA code, and voila!

7) You’ll see a pop-up confirming your successful application. Click “View Status” to monitor the progress.

8) Now, the wait begins. Your physical Bybit Debit Card will be shipped to you, and this can take up to 60 days. Unfortunately, there’s no tracking service available, but trust me, the anticipation will be worth it when that sleek card arrives at your doorstep!

So there you have it, folks! A step-by-step guide to getting your hands on the convenient virtual Bybit Card and the tangible physical version. Just follow the instructions, provide the necessary information, and let Bybit handle the rest. Happy spending!


  • Who can apply for the Bybit Debit Card?

To apply for the Bybit Card, you must be a resident of an eligible EEA country (excluding Croatia, Iceland, Ireland, Liechtenstein, and Romania).

  • How do I check the application status?

You can check the status of your Bybit Card application on the dedicated page accessible via the Bybit web platform or mobile app. The review process typically takes a few minutes, but in some cases, it may take up to 7 working days.

  • What additional fees or charges are involved?

Apart from the card issuance fee (free for virtual, 5 EUR/GBP/USDT for physical), you may incur a 0.5% foreign exchange fee, a 0.9% crypto conversion fee (on top of spot fees), and a 2% fee for ATM withdrawals exceeding 100 EUR/GBP per month.

  • How do I fund the Bybit Debit Card?

The Bybit Card doesn’t have its own wallet balance. Instead, it draws funds from your Bybit Funding Account. You can top up this account by purchasing fiat or crypto on Bybit or transferring funds from other platforms/wallets.

  • Which currencies does the Bybit Card support?

For fiat currencies, the Bybit Card supports EUR and GBP. As for cryptocurrencies, it supports Bitcoin (BTC), Ethereum (ETH), XRP, Tether (USDT), and USD Coin (USDC).

  • Can I set a custom spending limit for my Bybit Card?

No, the Bybit Card has pre-defined spending limits: a daily limit of 5,000 EUR/GBP, a monthly limit of 50,000 EUR/GBP, and an annual limit of 250,000 EUR/GBP.

  • How secure is the Bybit Bank Card?

The Bybit Card employs various security measures, including identity verification, address verification, and the option to set up a PIN and security question.

  • Can I use the Bybit Bank Card for online and in-store purchases?

Yes, the Bybit Card can be used for both online and in-store purchases, as it is a Mastercard accepted at over 90 million merchants worldwide.