Loading...
Loading...
Zero Fees, Real Crypto Rewards
Zero Fees, Real Crypto Rewards
The Bybit Card is the payment card offering from Bybit, the world's second-largest derivatives exchange by volume. Launched for European users in 2023, the card allows Bybit account holders to spend directly from their exchange balance — converting USDT, USDC, BTC, or ETH to fiat at point of sale through the Mastercard network.
Bybit's approach to crypto cards is simpler than Crypto.com's tier system: there are no staking requirements and no native token requirement. All cardholders access the same card, with cashback earned on spending from their exchange balance. This makes the Bybit Card the most straightforward option for existing Bybit users who want to spend crypto without managing a separate card account.
Cashback rates are competitive during promotional periods — Bybit has offered up to 10% back on specific merchant categories or through referral promotions. Outside of promotions, the standard cashback structure is more modest, typically 1–3% depending on the spending category and any ongoing campaigns.
The Bybit Card is currently restricted to European Economic Area (EEA) countries due to its regulatory licencing structure. Bybit processes the card through a regulated card issuer partner, which handles the Mastercard licencing and fiat settlement infrastructure while Bybit manages the crypto conversion and account integration.
When you spend with the Bybit Card, the card automatically converts the selected cryptocurrency (USDT, USDC, BTC, or ETH) from your Bybit account to the local fiat currency at Bybit's current exchange rate, then charges the fiat amount to the Mastercard network. The conversion happens instantly at point of sale.
You select which crypto asset to spend from within the Bybit app's card settings. If you have multiple assets, you can prioritise the order in which they are drawn down. For most users, USDT or USDC is the practical choice for everyday spending, as the stablecoin-to-fiat conversion rate is predictable without price slippage.
Cashback rewards are credited in USDT to your Bybit spot wallet, typically within 1-7 business days of qualifying transactions. Promotional cashback (up to 10%) is typically time-limited and may apply to specific merchants, categories (dining, travel, entertainment), or user acquisition campaigns. Standard ongoing cashback rates apply outside promotional periods.
ATM withdrawals are supported with a monthly free allowance (typically $200/month), above which a 2% fee applies. The card supports contactless payments and can be added to Apple Pay and Google Pay.
| Tier | Stake Required | Cashback | Perks |
|---|---|---|---|
| Standard (all users) | None required | 1–3% in USDT (ongoing) | Free ATM withdrawals up to $200/month |
| Promotional Campaigns | None required | Up to 10% in USDT | Category-specific or time-limited promotions |
| Annual Fee | Free |
| ATM Withdrawal (up to $200/month) | Free |
| ATM Withdrawal (above limit) | 2% of amount withdrawn |
| FX Transaction Fee | 0% (Mastercard exchange rate applies) |
| Crypto-to-Fiat Conversion | Bybit exchange rate (spread included) |
| Card Replacement | Free (first replacement) |
Bybit processes card transactions through a regulated card issuer partner that holds the necessary Mastercard acquiring licences. The card app provides real-time spend notifications and instant card freeze functionality. Bybit itself holds regulatory licences in Dubai (VARA) and several other jurisdictions, though it is not regulated by the FCA or EBA for its card product specifically. Users should understand that funds held on Bybit for card spending are subject to exchange risk — not covered by deposit protection schemes.
The Bybit Card is the natural choice for existing Bybit traders who want to spend their exchange balance without managing a separate card account. The no-stake, no-native-token simplicity is appealing, and the promotional cashback rates are genuinely competitive. For new users evaluating cards without an existing Bybit relationship, the geographic restriction and less developed perks ecosystem make Crypto.com or Nexo stronger starting points.
The key advantage is simplicity: if you trade on Bybit, you can spend from your Bybit balance with a card that costs nothing to hold and requires no additional steps to set up beyond card issuance. For the frequent Bybit user in Europe, it is the most frictionless crypto spending experience available.
| Network | Mastercard |
| Best Cashback | Up to 10% (promotional periods) |
| Annual Fee | Free |
| Stake Required | None |
| Available In | Europe (EEA countries) |
This link may be an affiliate link. We may earn a commission if you sign up.