Bybit card review: one brand, many card types

The Bybit card looks like one product in Bybit’s marketing, but it is really a family of regional cards that share a logo. In the EEA it is a Mastercard issued by a French e-money firm. In Argentina it is a prepaid Mastercard, and in Peru a prepaid Visa. In Australia, Brazil and Mexico it is a Mastercard that Bybit labels as credit, and in Asia Pacific a Visa credit card. All of them spend from your Bybit balance. This Bybit card review sorts out which version you would get, what it costs where you live, and who it suits.

Our verdict

We rate the Bybit Card second in our overall ranking. It is available in more regions than almost any other exchange card, the virtual card is free, there is no annual fee in most markets, and the EEA version pays 1% cashback with no monthly cap. For active traders who already keep USDT or USDC on Bybit, it is an easy way to spend without withdrawing.

The weaknesses are about clarity. Fees change from country to country, sometimes a lot: 1% FX in Peru, 7% in Argentina. Bybit EU does not publish its FX or conversion percentages on the card page; it only says other fees “may apply”. And the “credit card” label in several regions is confusing, because there is no credit line in the usual sense.

At a glance

Bybit card types by region

Bybit’s help centre lists the card type for each region in a single table. We reproduce it below, adding the EEA version from Bybit EU and the physical card fees from the fee article. If your country is not listed, the global card is probably not open to you.

The virtual card is free everywhere. A physical card in Asia Pacific requires KYC Tier 2 or above. In Australia, the card first launched in March 2024 through Flywallet, according to press reports at the time; the current Australian issuer is not named on the pages we checked. Our Australia guide lists other local options such as CoinJar.

Is there a Bybit prepaid card?

Yes, but only in two places. Bybit’s FAQ labels the Argentine card a Mastercard prepaid card and the Peruvian card a Visa prepaid card. Everywhere else, the card is either a debit-style EEA card or what Bybit calls a credit card. Bybit is careful to add that the card “does not have its own wallet balance”. Even the credit-labelled versions draw on your Funding Account, so you are spending your own crypto, not borrowing.

Why does this matter? A true prepaid card holds a separate fiat balance, so a stolen card can only reach what you loaded. A spend card can reach whatever sits in the linked account. If you want that separation, the Crypto.com prepaid card is built that way. Our guide to debit vs prepaid crypto cards explains the difference in more depth, and the crypto prepaid Mastercard page lists the other Mastercard programmes.

The Bybit Card in the EEA

European residents cannot use the global card; Bybit’s global page says it is not meant for EEA customers. Instead, they sign up through Bybit EU, a separate entity based in Vienna that operates under MiCA. Press coverage reported a launch across the EEA on 3 September 2025, excluding Malta.

The legal structure is spelled out on bybit.eu. The card is issued by Harmoniie SAS, which partners with Moorwand Ltd, under a Mastercard licence held by Moorwand. Harmoniie is an e-money institution authorised by France’s ACPR and passported across the EEA. That gives the card the usual EU e-money setup: a regulated issuer for the card side and a MiCA-licensed firm for the crypto side. Our EU country guide explains how this two-entity model works.

Bybit EU lists zero application and annual fees, 1% cashback with no monthly cap, and 2–10% for VIP users with caps. Eligible subscriptions can earn 100% cashback up to €50, and new users can get a welcome bonus of up to 110 USDC. The virtual card is issued instantly and works with Apple Pay and Google Pay; a physical card is available on request. What Bybit EU does not publish on that page is its FX or conversion rate. Secondary sources cite 0.5% FX and 0.9% conversion, but we could not confirm those numbers officially, so check the in-app fee screen before you travel.

Bybit card fees by region

Outside the EEA, Bybit publishes a detailed fee article. Two charges apply to most purchases: a crypto conversion fee when your coins are turned into local currency, and an FX fee when you spend in a foreign currency. The table shows both.

After the free monthly allowance, ATM withdrawals cost 2%. Bybit lists no annual fee outside the EEA either. In Brazil, the 1.5% FX fee comes with IOF tax on top for foreign purchases, which Bybit flags itself; our Brazil guide explains IOF.

Some quick sums show how much region matters. An Australian spending US$1,000 abroad from USDT pays about $9 in conversion and $20 in FX, or $29 in total. A Peruvian spending the same pays about $19. An Argentine pays $5 in conversion but $70 in FX, which makes the card expensive for travel from Argentina. Use our crypto card fee calculator to compare it with other cards, and our ATM guide if you need cash abroad.

Spending limits

Limits are set per region and are high enough for most people. Bybit’s fee article gives these examples: Australia US$50,000 a day and US$150,000 a month; Brazil BRL 27,500 a day; Asia Pacific US$10,000 a day; Georgia and AIFC US$15,000 a day. The EEA limits were not on the page we checked. For context on how these compare, see our crypto card limits guide.

Cashback

Cashback is where Bybit tries hardest to stand out. The structure differs between the EEA and the rest of the world. In the EEA, the base rate is 1% with no monthly cap, which is unusual; most competitors cap the base rate. VIP users can earn 2–10%, but those rates are capped. Press coverage also reported BTC cashback of 2–10% for EEA users from January 2026.

On the global card, cashback of 2–10% applies only to crypto-funded spending. If you spend from a fiat balance, you earn nothing. So a user who converts USDT to fiat first and then spends will miss out. For a wider comparison of reward rates after caps, see our crypto cashback cards roundup.

Funding and mobile wallets

The card spends from your Funding Account and from Flexible Easy Earn balances. By default it uses assets in this order: USDT, then USDC, GRAM, BTC, ETH and XRP. Argentina lists BTC, ETH, XRP, USDT, USDC and GRAM. You can change the order in the app. Setting a stablecoin first is sensible, as it keeps each purchase close to a zero gain for tax purposes; our stablecoin cards guide explains why.

Samsung Pay is supported in Australia only. Bybit’s FAQ does not list wallet support for Argentina, Peru, Mexico or Asia Pacific, so check in the app. See our Apple Pay and Google Pay crypto cards page for alternatives with wider wallet support.

Custody, KYC and availability

Bybit is custodial. Your coins sit in your Bybit account, and the card spends directly from it. That means card security and exchange security are linked. Keep only what you plan to spend in the Funding Account, and use the app to freeze the card when you are not using it. Our safety guide has more practical steps.

Every region requires ID and address verification. The card is not offered to US or Canadian residents. In the UAE, press reports describe the card as available, and Bybit holds a licence from the federal SCA; see our UAE guide for context. Remember that spending crypto is usually a taxable disposal; our tax guide covers the main countries.

How to apply

1. 01
   Use the right Bybit

   EEA residents sign up on Bybit EU; everyone else uses the global Bybit app.

2. 02
   Complete KYC

   Verify your ID and address. Asia Pacific physical cards need Tier 2 or above.

3. 03
   Get the virtual card

   Issue the free virtual card and add it to Apple Pay or Google Pay where supported.

4. 04
   Fund and set priority

   Move USDT or USDC to your Funding Account and put a stablecoin first in the spending order.

Pros and cons

Alternatives to the Bybit Card

In Europe, Nexo publishes low weekday FX and OKX offers a stablecoin card with no OKX FX fee. The Crypto.com card is the main prepaid option across many of the same markets. In Brazil, Bybit’s closest rival is Binance; we compare them in Binance Card vs Bybit Card.

Frequently asked questions

Sources and official pages

1. Bybit — global card page
2. Bybit EU — card page (issuer, cashback)
3. Bybit Help — Bybit Card general FAQ (card types, wallets)
4. Bybit Help — fees and spending limits
5. Mastercard

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