The Bybit Card is a Mastercard debit card issued by Bybit, one of the world's largest crypto derivatives exchanges. It allows users to spend their crypto holdings — including USDT, USDC, BTC, ETH, and other assets — at any Mastercard-accepting merchant globally, with real-time conversion and a cashback rewards program.
Overview
Bybit launched its card product to complement its exchange offering, allowing users to put their trading profits and crypto holdings to work in daily life without off-ramping through a bank. The card is available in Europe and is expanding to other regions. It runs on the Mastercard network, giving it broad acceptance at 90+ million merchants globally.
Key Features
Up to 10% Cashback
The Bybit Card offers tiered cashback rewards based on the user's Bybit account tier and holdings. Base cashback starts at 2%, with higher tiers reaching up to 10% on eligible purchases. Cashback is paid in the purchased item's category equivalent or in BIT tokens. This is one of the highest cashback rates among crypto cards globally.
Multi-Asset Support
The card can be funded from the user's Bybit spot wallet. Supported spending assets include USDT, USDC, BTC, ETH, XRP, and other major tokens. At the point of sale, Bybit automatically liquidates the appropriate crypto to cover the fiat transaction — users select which asset to use as the default spending source.
Virtual and Physical Card
Both virtual and physical Mastercard options are available. The virtual card is issued immediately after KYC and works for online transactions and mobile wallets (Apple Pay, Google Pay). The physical card is shipped free of charge to verified users.
Zero FX Fees
Bybit Card charges no foreign exchange fees on international transactions, a significant advantage over traditional bank cards which typically charge 1.5–3% per foreign currency transaction.
Bybit Earn Integration
Users who keep assets in Bybit Earn (yield-generating products) continue earning interest while the card balance stays in the exchange. The spend-from-spot, earn-on-earn architecture allows users to maximize yield on idle assets without sacrificing card spending ability.
Cashback Tiers
| Tier | Cashback Rate | Requirement |
|---|---|---|
| Standard | 2% | Basic KYC verified |
| VIP1 | 4% | Hold 1,000 BIT or trade volume threshold |
| VIP2 | 6% | Higher trading volume / BIT holdings |
| VIP3+ | Up to 10% | Top-tier trading volume |
Pros & Cons
Pros
- Up to 10% cashback — among the highest in the market
- Zero FX fees on international transactions
- Multi-asset support (BTC, ETH, USDT, and more)
- Physical card shipped free
- Apple Pay / Google Pay compatible
- Backed by top-5 global exchange
Cons
- High cashback rates require BIT holdings or high trade volume
- Currently limited to European residents
- Spending liquidates crypto — capital gains tax implications in some countries
- Requires active Bybit account
Summary
The Bybit Card is one of the most rewarding crypto cards available, with up to 10% cashback and zero FX fees. For active Bybit users in Europe, it's a natural extension of the platform that makes crypto earnings spendable in everyday life. The cashback program is genuinely competitive — even at the base 2% tier, it beats most traditional bank cards.
Regional availability is currently the biggest limitation, but Bybit has indicated plans to expand the card to more markets over time.