5 benefits of prepaid crypto debit cards
If you're looking to spend your crypto outside of the Blockchain, prepaid debit cards can be handy.
Sponsored by Bybit. With the Bybit Card, you're able to convert crypto to fiat currency and preload your Card for spending. With six supported cryptocurrencies, access to rewards and investment products, it can serve as an everyday debit card for your spending.
Traditionally, spending crypot in a convenient way has been a hassle. But the good news is that there are solutions available – like crypto debit cards.
Learn more about the Bybit Card
1. You can earn card-based rewards
Many debit cards entitle you to rewards for everyday spend – the Bybit Card is no exception.
As a member, you'll have access to:
- Rewards Points – Earn Rewards Points for select transactions, which can be redeemed for trading boosters, digital items and physical Bybit merchandise.
- Cashback – Rewards Points can also be used for "cashback" on your purchases, which is paid via USDT. You can then convert this additional crypto into fiat for use on your Bybit Card.
- Rebates – Paying for certain online services with your Bybit card can enable you to a rebate on the cost. The specifics vary depending on the service, but can be up to 100%.
- Savings – Bybit Card membership also entitles you to access to Bybit Savings, an investment service that can potentially help you grow your crypto investments.
You can see a more comprehensive overview of the rewards you can earn on the Bybit website.
2. You can spend crypto on the spot
Crypto debit cards – like the Bybit Card – allow you to convert your crypto into fiat currency, and then preload your card with funds.
This doesn't mean you have to sacrifice security. Your card isn't a direct line to your holdings.
Instead, you transfer crypto into an attached account. In the case of the Bybit Card, this is called the Funding Account.
You can attach your Funding Account to your existing crypto wallets. You're also able to purchase crypto through Bybit's One-Click-Buy service.
Once you've converted your crypto to a fiat currency, you're ready to spend online or in-store – just like with a traditional debit card.
3. You'll have access to multiple payment methods
In addition to serving as a debit card, some crypto cards can also be added to digital payment services, like Google Pay.
The Bybit Card is one of them. This lets you make payments with your crypto through your phone, in person and online.
Google Pay is currently available for Australian Bybit Card Members, with Apple Pay coming soon.
4. You won't be charged annual fees or hidden fees
The Bybit Card requires no annual or issuance fees. It's also delivered to you free of charge, usually within three days.
You can see all of the other associated fees listed on Bybit's website.
Having a clear picture of any associated fees can help you make more informed decisions about your crypto conversion and purchases.
5. Manage your crypto spending via app
Since crypto debit cards are prepaid, you'll want to make sure that you can keep a close eye on your funds, too.
So having app access is important, to ensure you can check balances, make payments and transfer funds in real time.
The Bybit Card features app support, allowing you to manage your account from a central point. Importantly, you're able to convert more crypto to fiat when you're ready to spend again, too.
Learn more about the Bybit Card
Sponsored by Bybit. With the Bybit Card, you're able to convert crypto to fiat currency and preload your Card for spending. With six supported cryptocurrencies, access to rewards and investment products, it can serve as an everyday debit card for your spending.