Bybit card review
- Deposit fee
- $0
- Yield rate
- None
Summary
Spend your crypto instantly around the world with the Bybit debit card.
The Bybit card is a convenient crypto debit card that lets you spend your crypto like cash anywhere Mastercard is accepted, and even withdraw your funds as cash via an ATM.
With 10% cashback and savings offers, you can even get rewarded for your spending, and free ATM withdrawals each month (to a small limit).
However, it’s worth noting that the Bybit card doesn’t support Australian dollars, which means you’ll need to pay an additional currency conversion fee whenever you use the card in Australia, potentially making it an expensive way to spend your crypto.
Pros
-
Rewards program. You can earn 10% cashback in reward points to spend on Bybit trading bonuses and digital gift cards.
-
No annual or inactivity fees. You won’t pay any ongoing fees when you aren’t using the card.
-
Apple Pay support. You can add your card as a payment option on Apple Pay.
Cons
-
Beware of conversion and FX fees. There’s multiple fees you could pay when using your card for cash payments.
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No AUD support. Transactions will be processed in USD, which will attract extra fees.
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Limited cryptos available. The Bybit card only supports 8 coins, including Bitcoin, Ethereum, XRP and BNB.
Details
Bybit Card
| Product Name | Bybit Card |
| Yield rate | None |
| Deposit fee | $0 |
| Go to site More Info |
How does it work?
In order to use your Bybit debit card, you'll need to have funds in your associated Funding Account, which will then be used as payment when you make a transaction using your card.
The Bybit card currently lets you spend 8 cryptocurrencies - Bitcoin, Ethereum, XRP, USDT, USDC, Toncoin, BNB and Mantle.
You can choose which coins are prioritised for spending, but you won't have the option of selecting a specific coin at the point of sale.
Features
- Digital and physical cards available
- Rewards on spending
- Apple Pay support
- No ongoing fees
Is it safe?
The Bybit card functions like a normal debit card, which means you should take the same care you do with your regular bank or credit cards.
It's also recommended that you use 2-factor authentication and face ID on your mobile device.
If you lose your card, you should report it to Bybit immediately.
How does this compare to a traditional debit card?
The Bybit card is not linked to a traditional bank account and instead uses funds from your Funding account. If you don't have any eligible funds in your account, you'll be unable to transact using your card.
What cryptocurrencies can I use with a Bybit card?
You can use the following 8 cryptocurrencies on your Bybit card:
- Bitcoin
- Ethereum
- BNB
- XRP
- Toncoin
- Mantle
- USDC
- USDT
Where can you use the Bybit card?
You can use the Bybit card anywhere in the world where Mastercard is accepted. This includes more than 90 million merchants.
What are the fees?
- Foreign exchange fee. You'll pay a 0.5% fee (on top of the Mastercard exchange rate) each time you use your card in Australia.
- Crypto conversion fee. You'll also pay a 0.9% fee for converting your crypto to cash when you use your card.
- ATM fees. The first 100 euro you withdraw each month will have no ATM fee, but you'll pay a 2% on any withdrawals after that.
How to apply
When you apply for the Bybut debit card, you'll need to provide the following information:
- Proof of identity
- Residential address
You'll also need to have a Bybit account and verified your identity in order to deposit funds.
Alternatives to Bybit
Your reviews
Thomas Finder
Publisher
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