Bybit Exchange has launched a debit card that allows direct spending of cryptocurrencies. Users can hold specified currencies in their account and use the card for payments worldwide, even earning 2–10% cashback!
This article introduces what the Bybit Card is, its rewards, and how to apply and use it.
Overview of the Bybit Card
The Bybit Card is a debit card issued by Bybit Exchange, accepted at merchants supporting Mastercard or Visa. It supports payments in BTC, ETH, XRP, TON, USDT, USDC, MNT, or BNB.
For crypto investors, managing withdrawals and minimizing costs has always been a challenge. The Bybit Card eliminates withdrawal steps, enabling direct cryptocurrency spending.
However, the card works by converting cryptocurrencies into fiat before payment, incurring a conversion fee. Still, this fee is significantly lower than traditional withdrawal costs.
👉 Discover how to maximize your crypto spending
Key Rewards and Payout Timeline
The Bybit Card offers substantial rewards: 2–10% cashback based on VIP tier, with select merchants offering up to 100% cashback.
Rewards Points System
Rewards are issued as points. For every USD 1 spent, users earn N points (N varies by VIP tier). Points can be converted to USDT at a 0.002 ratio or redeemed for specific products, with no expiration.
An auto-cashback feature is available: every 50 points are automatically converted to USDT and credited to the funding account the next day.
Base Cashback Rates
General spending earns 2–10% cashback (in points), based on VIP tier. Points are credited within 3 calendar days.
| VIP Tier | Points Multiplier | Equivalent Cashback | Monthly Cap (USD) | Max Monthly Reward (USDT) |
|---|---|---|---|---|
| 0 | 10 | 2% | 5,000 | 10 |
| 1 | 10 | 2% | 37,500 | 75 |
| 2 | 20 | 4% | 75,000 | 150 |
| 3 | 30 | 6% | 100,000 | 200 |
| 4 | 40 | 8% | 150,000 | 300 |
| 5 | 50 | 10% | 200,000 | 400 |
Exclusive VIP Rewards
VIP1+ users enjoy 100% cashback for TradingView, ChatGPT, Netflix, Spotify, Amazon Prime, and 50% cashback for airport lounge access. These points share the monthly cap and are credited on the last day of the month.
How to Apply and Use the Bybit Card
- Apply via the Bybit App: Navigate to "More" > "Finance" > "Card."
- Verify Identity: Submit proof of address and ID (virtual cards are common for East Asian users).
- Fund the Card: Transfer supported cryptocurrencies into your Bybit funding account.
- Start Spending: Use the card number for purchases; funds are frozen until the merchant claims payment.
VIPs also earn auto-yield on funds in the funding account.
Fee Structure
- Foreign Exchange Fee: 1% (+ Mastercard's conversion rate).
- Crypto Conversion Fee: 0.9% (min. 1 USDT).
- Card Fees: Virtual card: free; physical card: 5 USD/USDT.
- ATM Withdrawals: First 150 USD/month free, then 2% per transaction.
Spending Limits
- Daily: 5,000 USD
- Monthly: 50,000 USD
- Annual: 250,000 USD
Is the Bybit Card Worth It?
From a crypto withdrawal perspective, the card is highly practical, covering most daily expenses without traditional withdrawal hassles.
For non-VIP users, rewards are average (~2%), but VIP3+ users benefit from competitive cashback (4–10%).
👉 Explore VIP benefits and tiers
FAQs
What if my Bybit Card is stolen?
Freeze the card via the app and contact Bybit Support to dispute charges. Request a replacement card if needed.
How to use the Bybit Card?
Fund your account with supported cryptocurrencies and spend via the card number. Funds are deducted after merchant claims.
Key Takeaways
- Spend cryptocurrencies directly with the Bybit Card.
- Earn 2–10% cashback (VIP-dependent).
- Low conversion fees (~0.9%).
- Apply via the Bybit App.
- Ideal for avoiding traditional withdrawal costs.
Additional Resources
| Topic | Guide Link |
|---|---|
| Bybit VIP Benefits | Learn about VIP tiers |
| Crypto Savings Tips | Maximize yields |
Note: Crypto investments carry risks. Ensure compliance with local regulations.