Crypto debit cards have become essential tools for bridging digital assets with everyday spending. Among the growing list of options, the Bybit Card stands out as a prepaid Mastercard-linked solution that allows users to spend cryptocurrency globally. In this comprehensive review, we’ll explore its features, fees, supported assets, limitations, and how it compares to alternatives — all while helping you decide whether it’s the right fit for your financial needs.
Key Takeaways
- The Bybit Card is a prepaid Mastercard that connects directly to your Bybit funding account.
- Available in the European Economic Area (EEA) and Australia, it’s accepted at over 100 million merchants across 200+ countries.
- Supports only five cryptocurrencies: BTC, ETH, XRP, USDT, and USDC — limiting flexibility.
- Offers Auto Savings, cashback via loyalty points, and free ATM withdrawals up to $100/month.
- High transaction costs: 0.9% crypto conversion fee plus a variable ~1% one-click buy fee, making regular use expensive.
How the Bybit Card Works
The Bybit Card functions like a traditional prepaid debit card but is powered by cryptocurrency. Instead of linking to a bank account, it draws funds from your Bybit funding wallet. When you make a purchase or withdraw cash, the system automatically converts your crypto into fiat currency in real time.
Issued by Mastercard, the card works anywhere Mastercard is accepted — online, in-store, or at ATMs. You can choose between a virtual card for instant digital use or a physical card for everyday convenience.
👉 Discover a seamless way to manage crypto and fiat together.
Features and Benefits
🔗 Direct Integration with Funding Account
One of the standout features is its direct link to your Bybit funding wallet. This eliminates the need for manual top-ups and allows for dynamic conversions during transactions. Funds remain under your control until spent, and you can even transfer them back out if needed.
💰 Auto Savings on Idle Assets
Bybit’s Auto Savings feature lets you earn interest on idle balances. Set minimum and maximum thresholds, and the system will automatically allocate excess funds into flexible savings products — all while maintaining spending availability through Auto-Deduction mode.
🏧 Free Monthly ATM Withdrawals
Cardholders receive $100 (or equivalent in EUR/GBP) in free ATM withdrawals per month. Beyond that, a 2% fee applies. This benefit is particularly useful for travelers or those needing quick access to cash without additional exchange hassles.
🛍️ Global Acceptance via Mastercard
Backed by Mastercard’s global network, the Bybit Card is accepted in over 200 countries. Whether shopping online or dining abroad, users enjoy broad compatibility — though foreign exchange fees apply outside native currency zones.
Supported Cryptocurrencies and Funding Options
The Bybit Card supports a limited set of digital assets:
- BTC
- ETH
- XRP
- USDT
- USDC
You can also fund your card using EUR or GBP, depending on your region.
While stablecoins provide price stability, the lack of support for other popular coins (like DOGE, SOL, or ADA) means most users must first convert their holdings — potentially incurring extra fees.
👉 Access more crypto spending tools with wider asset support.
Fee Structure: What You Need to Know
Although account-level fees are minimal, transaction costs can add up quickly.
| Fee Type | Rate (EEA) | Rate (Australia) |
|---|---|---|
| Crypto Conversion Fee | 0.9% + ~1% one-click buy fee | 0.9% + ~1% one-click buy fee |
| Foreign Exchange Fee | 0.5% + Mastercard FX fee | 1% + Mastercard FX fee |
| ATM Withdrawal Fee | 2% after first €100 | 2% after first $100 |
| Card Issuance/Replacement | €/£5 | $5 |
| Annual/Inactivity Fees | None | None |
⚠️ A single purchase could cost nearly 2% in total fees, making frequent use costly compared to low-fee competitors or traditional banking cards.
Spending and Withdrawal Limits
Bybit imposes daily, monthly, and yearly limits to comply with AML regulations:
| Limit Type | Daily | Monthly | Yearly |
|---|---|---|---|
| Spending | €5,000 / $13.5K | €50K / $27K | €250K / $270K |
| ATM Withdrawals (Count) | 10 | 300 | 2,500 |
| Max ATM Withdrawal Amount | €2,000 / $600 | €10K / $1.8K | €75K / $13.5K |
Limits vary by region — EEA users enjoy higher thresholds than Australian holders.
Cashback and Rewards Program
Bybit offers cashback through a loyalty points system, redeemable in a rewards shop. However, rewards are tied to your VIP trading tier on the Bybit exchange:
| VIP Tier | Point Multiplier | Monthly Max Points | Effective Cashback Rate |
|---|---|---|---|
| VIP 0 | 1x | 5,000 | 0.2% |
| VIP 3 | 20x | 100,000 | 4.00% |
| Supreme VIP | 50x | 300,000 | 10.00% |
🔎 To maximize rewards, you must trade actively on Bybit — not ideal for non-traders.
Additionally, points aren't paid in crypto or cash, reducing liquidity and usability.
Security and Reliability
Bybit prioritizes security with several built-in protections:
- Two-Factor Authentication (2FA)
- Anti-phishing codes
- Withdrawal address lock
- Biometric app login
- Card freezing via mobile app
Since its launch in 2018, Bybit has never been hacked, reinforcing its reputation as a secure platform.
Mastercard also adds fraud detection and transaction monitoring for added peace of mind.
Frequently Asked Questions (FAQ)
Can I use the Bybit Card anywhere?
Yes — wherever Mastercard is accepted. That includes over 100 million merchants worldwide across 200+ countries. However, transactions in non-native currencies incur a foreign exchange fee (0.5%–1%).
How do I withdraw money from my Bybit Card?
You can:
- Withdraw cash at any Mastercard-compatible ATM (first $100/month free).
- Transfer crypto from your funding wallet to an external wallet or exchange.
Unlike some cards, funds aren’t locked — they stay in your funding account until spent.
Is the Bybit Card free?
The virtual card is free to use immediately. A physical card costs £/$/€5 to issue or replace. There are no annual or inactivity fees.
How long does it take to receive the physical card?
Approval takes up to 7 days. Delivery of the physical card may take up to 60 days, though most users report receiving it within 30 days.
Is the Bybit Card suitable for beginners?
It’s user-friendly but requires basic knowledge of crypto exchanges. Users must understand how to deposit, convert, and manage assets within Bybit — which may be challenging for complete newcomers.
How does the Bybit Card compare to other crypto cards?
Compared to offerings like Nexo, Crypto.com, or Wirex, the Bybit Card has:
- Higher transaction fees
- Fewer supported cryptocurrencies
- No tiered card benefits
But it offers unique integration with trading and savings features on the Bybit platform.
Areas for Improvement
Despite its strengths, the Bybit Card has notable drawbacks:
🔄 Limited Crypto Support
Only five cryptos are supported. Expanding this list would improve convenience and reduce forced conversions.
💸 High Transaction Costs
With combined fees approaching 2% per transaction, it’s less cost-effective than many alternatives — especially for daily spending.
🎯 Overly Complex Rewards System
Tying cashback to VIP status discourages passive users. Introducing direct crypto cashback would enhance appeal.
Final Verdict: Is the Bybit Card Worth It?
The Bybit Card delivers a smooth experience for existing Bybit users who want to spend crypto easily and earn passive returns on idle funds. Its integration with Auto Savings and global Mastercard acceptance makes it functional and reliable.
However, high fees and limited asset support make it less competitive for budget-conscious users or those holding non-supported coins.
✅ Best for:
- Active Bybit traders seeking rewards
- Users valuing funding wallet flexibility
- Occasional spenders not concerned with cost efficiency
❌ Less ideal for:
- Frequent spenders due to high fees
- Holders of unsupported cryptocurrencies
- Users seeking simple cashback in crypto or fiat
👉 Explore a more cost-efficient crypto spending solution today.
Core Keywords
crypto debit card, Bybit Card review, spend cryptocurrency, prepaid crypto card, Mastercard crypto card, crypto ATM withdrawal, Auto Savings Bybit, crypto cashback rewards