The Binance Card vs Bybit Card choice is mostly a Brazilian question in 2026. Binance's card now operates only in Brazil, after the program was pulled from other markets in 2023 and relaunched there from 1 October 2025. Bybit's card is live in Brazil too, with free physical cards and BRL funding. Both run on Mastercard, both work with Apple Pay and Google Pay, and both spend from your exchange balance. So the real question is which fee pattern fits the way you pay.
Quick verdict
If you already trade on one of these exchanges, use that exchange's card. The everyday cost of spending reais is the same 0.9% conversion on both, so moving your balance to save on domestic purchases makes no sense. The differences only bite in three places: foreign purchases, cash withdrawals and travel outside Brazil.
Binance wins for people who take out cash a couple of times a month, thanks to two free ATM withdrawals. Bybit wins for people who travel or might move abroad, because the card exists in many more countries and its daily spending limit is slightly higher. For details on each card alone, read our Binance Card review and Bybit Card review.
Binance Card vs Bybit Card fees, including IOF
Start with what is identical. Both cards charge 0.9% to convert crypto when you pay. Neither charges an annual fee. Binance's virtual card is free and so is issuance of the physical card, though canceling a physical card within its first year costs R$30. Bybit's virtual card is free, and in Brazil the physical card is free as well.
Foreign purchases are where the two diverge. Binance lists an FX fee of 1–2%. Bybit's Brazilian fee table lists 1.5% "plus IOF". IOF is a federal tax on currency exchange, not a card fee. International card purchases in Brazil carry IOF-câmbio, reported at 3.5% since 2025, although we have not re-verified the exact decree. Binance's card page does not mention IOF at all, so we would budget for it on both cards.
A worked example makes this concrete. Spend R$5,000 on a trip abroad. On Bybit, the FX fee is R$75 (1.5%), and IOF at 3.5% adds about R$175, for roughly R$250 in total. On Binance, the FX fee is R$50 to R$100 depending on the transaction, and if IOF applies the total lands between about R$225 and R$275. Both sit on top of the 0.9% conversion when you spend crypto rather than a BRL balance. Our crypto card fees calculator lets you try your own figures.
For Brazilians, IOF matters more than the card's own FX fee. The gap between 1.5% and "1–2%" is small next to a 3.5% tax that neither card can remove. If you travel often, compare the total cost per trip, not just the percentage on the fee table. And keep a BRL or stablecoin balance ready, so you avoid the 0.9% conversion on top.
Pix and BRL funding
Neither card has its own wallet. Each one draws on your exchange balance at the moment you pay. That makes funding a question of how you get reais or crypto onto the exchange.
Bybit's card spends from your Funding Account and Flexible Easy Earn balance. By default it uses USDT first, then USDC, then other assets including BTC, ETH and XRP. Brazilian coverage of the launch describes BRL funding through Pix, which is the standard top-up rail for Brazilian card programs. You can change the spending order in the app.
Binance's card page lists BRL among the spendable balances, alongside USDT, USDC, FDUSD, BNB, BTC, ETH, SOL, ADA, LINK and XRP. The card page itself does not describe deposit methods, so check the deposit options in the Binance app. Spending a BRL balance avoids the crypto conversion fee entirely, which is the cheapest way to use either card at home. Our guide on how to load a crypto card covers the general steps.
BRL limits compared
Binance publishes a full set of limits in reais. Bybit publishes a daily spending figure for Brazil, but we did not find monthly or yearly caps for Brazil on its fee page.
| Limit | Binance Card | Bybit Card |
|---|---|---|
| Spending per day | R$25,000 | R$27,500 |
| Spending per month | R$50,000 | Not published |
| Spending per year | R$200,000 | Not published |
| ATM per day | R$3,000 | Not published |
| ATM per month | R$25,000 | Not published |
| ATM withdrawals | 3/day, 30/month | Not published |
For most people the daily caps are generous. The figure to watch on Binance is the monthly spending limit of R$50,000. Someone who puts a large purchase and a month of bills on the card could hit it. For more on how limits differ between programs, see our crypto card limits guide.
Cash withdrawals
The two cards price cash in opposite ways. Binance gives you two free ATM withdrawals per month, then charges a flat US$1.50 each. Bybit gives you a free allowance of R$550 per month, then charges 2% of the amount.
Take one R$1,000 withdrawal in a month. On Binance it is free, because it is one of your two. On Bybit you pay 2% on the R$450 above the allowance, which is R$9. Now take ten withdrawals of R$300, R$3,000 in total. On Binance you pay US$1.50 for each of the last eight, US$12 in total. On Bybit you pay 2% on R$2,450, about R$49. In short, Binance favors a few larger withdrawals, and Bybit only stays cheap if you rarely need cash. Remember that the ATM owner may add its own fee. Our ATM withdrawals guide covers that too.
Cashback
Binance advertises cashback of "up to 3%", paid monthly to your wallet. The page does not break down how the rate is set, so treat 3% as a ceiling rather than a typical rate.
Bybit's global card page lists 2–10% cashback, but only on crypto spending. Fiat spending does not earn it, and the higher rates depend on your VIP level and are capped. Brazilian coverage describes the cashback as paid in USDT. That creates a quiet trade-off. If you spend BRL to avoid the 0.9% conversion, you may lose the cashback. If you spend crypto to earn cashback, you pay the conversion. Our crypto cashback cards page explains how to compare capped rates honestly.
Banco Central rules: what changed in 2026
Brazil's crypto framework is Lei 14.478/2022, with the Banco Central do Brasil named as supervisor. Its Resolutions 519, 520 and 521 came into force on 2 February 2026. Under them, virtual-asset service providers (SPSAVs) need BCB authorization, with Brazil-resident directors. Platforms already operating must file for authorization within 270 days, which takes the deadline to around the end of October 2026.
Resolution 521 also brings stablecoin purchases, sales and international transfers into the foreign-exchange market. Transfers to unlicensed counterparties or self-hosted wallets are capped at US$100,000 equivalent, and FX reporting started on 4 May 2026. We could not confirm the authorization status of either Binance or Bybit at the time of checking. That is worth watching, because a provider that does not obtain authorization may have to change or withdraw its Brazilian services.
Tax in Brazil
Paying with crypto is a disposal, or alienação, for Receita Federal. Gains are exempt when your total crypto disposals in a month stay at or below R$35,000. Above that, gains are taxed progressively at 15% to 22.5%. Card spending counts toward the monthly total, alongside any trades you make.
A proposal to scrap the R$35,000 exemption (MP 1.303/2025) lapsed in October 2025, so the old rules still apply in 2026. Reporting changed too. Receita's DeCripto system replaced the old reporting rules, with monthly filing from July 2026. Individuals who use a foreign exchange or no exchange must file when their monthly operations exceed R$35,000. Crypto held on foreign platforms may also fall under Lei 14.754/2023, but check Receita's guidance or an accountant on that point. More detail is in our crypto card taxes guide and the Brazil country page.
Outside Brazil: where each card works
Binance's official card page lists Brazil as the only supported country. Earlier programs, including the EEA Visa card, are no longer offered. If you leave Brazil and change your country of residence on Binance, expect to lose the card.
Bybit is much wider. In the EEA, the card is issued by Harmoniie SAS with Moorwand Ltd under a Mastercard license. Bybit also issues cards in Australia, Mexico, Argentina, Peru, Georgia, Kazakhstan and parts of Asia Pacific, each with its own terms. FX fees vary by region: 2% in Australia, Asia Pacific, Georgia and Mexico, 1% in Peru and 7% in Argentina. If you expect to move abroad, Bybit gives you a better chance of keeping the same provider. Our crypto Mastercard guide compares other Mastercard programs.
Which one to choose
Choose the Binance Card if you already hold your crypto on Binance, live in Brazil long term and withdraw cash once or twice a month. Its limits are clearly published in reais and its ATM pricing is the friendliest for occasional larger withdrawals.
Choose the Bybit Card if you travel, might move abroad, or want a slightly higher daily limit. It is also the better fit if you mostly spend USDT and want cashback on that spending.
Both are custodial, so your balance sits with the exchange until you spend it. Keep only what you plan to spend on the platform, and read our crypto card safety guide for basic habits. If neither fits, Brazil also has the Foxbit Card, a prepaid Mastercard funded by Pix, and the self-custody MetaMask Card. For stablecoin-first cards with wider coverage, our RedotPay vs KAST comparison is the next stop.
Frequently asked questions
Which is cheaper in Brazil, the Binance Card or the Bybit Card?
Can I top up the Bybit Card with Pix?
Do I pay IOF when I use a crypto card abroad?
Is the Binance Card available outside Brazil?
Do I pay tax when I spend crypto with a card in Brazil?
Sources and official pages
- Binance — Binance Card (Brazil)
- Bybit — Fees and spending limits, Bybit Card
- Bybit — Bybit Card FAQ, general inquiries
- Bybit — Bybit Card (global)
- Banco Central do Brasil
- Receita Federal do Brasil
Load your card with crypto you own
Buy Bitcoin, Ether or stablecoins with a bank card, Apple Pay or bank transfer, then move them to the card or wallet you choose.
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