Bybit Card
- Strong company
- Low foreign exchange fees
- High cashback offered only for multi-million dollar accounts
- Poor customer service
-
Key Features
| Visa or MC | |
|---|---|
| Debit or Credit | Debit Card |
| Denominated In | € EUR£ GBP |
| Apple Pay | Not Enabled |
| Monthly Fee | 0.00 EUR |
| Monthly Inactivity Fee | 0.00 EUR |
| Crypto to EUR Crypto->EUR Conversion Cost | ~1.15% |
| Highest Cashback | up to 10% |
| Entry-Level Cashback | 0.2% |
| Entry-Level Cashback Monthly Cap | 10 EUR |
| Daily Spending Limit | 5,000 EUR |
| Daily ATM Withdrawal Limit | 2,000 EUR |
| Foreign Exchange Fee | 0.5% |
| Crypto to Fiat Conversion | Auto on Every Purchase |
| Crypto Asset Management | Custodial (stores crypto keys on your behalf) |
| Supported Countries | AustriaBelgiumBulgariaCroatiaCyprusCzech RepublicDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIcelandIrelandItalyLatviaLiechtensteinLithuaniaLuxembourgMaltaNetherlandsNorwayPolandPortugalRomaniaSlovakiaSloveniaSpainSwedenSwitzerlandUnited Kingdom |
| Supported Cryptocurrencies | BNBBTCETHMNTTONUSDCUSDTXRP |
Your Bybit Card: In light gray, distinctly different from other crypto cards, and incredibly practical for everyday use.
Bybit Card Benefits and Rewards
Bybit offers up to 10% cashback for card transactions, depending on your VIP Level:
| Assets Balance Required | Cashback | Monthly Cashback Cap | |
| Non-VIP | 0 USD | 0.2% | 10 EUR |
| VIP 1 | 50,000 USD | 1% | 75 EUR |
| VIP 2 | 250,000 USD | 2% | 150 EUR |
| VIP 3 | 500,000 USD | 4% | 200 EUR |
| VIP 4 | 1,000,000 USD | 6% | 300 EUR |
| VIP 5 | 2,000,000 USD | 8% | 400 EUR |
| VIP Supreme | >500 M Trading Volume | 10% | 600 EUR |
VIP status is awarded when your assets reach 50,000 USD.
In addition to cashback, you will earn points when you spend with Bybit Card. The points can then be exchanged for various items such as crypto bonuses, coupons, and exclusive merchandise at Bybit’s Rewards Market.
Reality Check While Bybit Card promotes up to 10% cashback, if you're an entry-level user with 1,000 EUR in assets, you'll qualify for 0.2% cashback, capped at 10 EUR per month.
Are other cards more generous at base tier? Yes, slightly:
| Bybit Card | Industry Average1 | |
| Entry Level Cashback | 0.2% | 1% |
| Entry Level Cashback Monthly Cap | 10 EUR | 20 EUR |
Bybit Card is a Debit Card
- Debit Card
- Credit Card
- Prepaid Card
- No Bank Account Offered
Bybit Card differs from a traditional debit card, where the balance is linked directly to your bank account. Instead, with Bybit, the card is connected to your chosen crypto coin balance on their platform.
Since Bybit doesn't offer a bank account with this card (while some crypto cards do), it means you won't be able to receive third-party payments, like fiat withdrawals from exchanges, for example.
It Comes in Both Physical and Virtual Forms
You can get Bybit Card in both physical and virtual versions, a feature only available with 40% of crypto cards. They'll mail you the physical card, and you can instantly get the virtual card online after completing KYC Identity Verification.
Wondering about the perks of each card type? Here are some highlights:
Physical Card | Virtual Card |
|---|---|
| ATM Withdrawals | Second Card Number |
| Required for Car Rentals, Hotels | Instant Availability |
| Useful When Phone Dies, or no Wifi | Freeze for Safety |
| Backup Payment Method | Set Lower Spend Limits |
You will find the physical Bybit Card useful for in-person purchases, while the virtual card will be perfect for online transactions like subscriptions.
Crypto-to-EUR Conversion Cost with Bybit Card
Bybit Card Converts Your Crypto on Demand
Bybit Card offers instant conversion to EUR at the time of purchase. This allows you to hold your crypto and exchange to real-life currency only when you need to. No need to pre-convert your cryptocurrencies or preload the card.
| Crypto to Fiat Conversion Fee | 0.9% |
| Sell Spread | ~0.25% |
| Transaction Fee | 0% |
| Total Crypto to EUR Cost | ~1.15% |
Low Cost:Compared to the average ~1.8% crypto-to-fiat cost of other cards, converting crypto with Bybit Card is much more cost-effective (~1.15%). This means that you will get more EUR for your crypto when using this card.
From all crypto cards we reviewed for Europe, WhiteBIT Card, Holyheld Card and Nexo Card offer the cheapest crypto-to-fiat conversions (~0.28%, ~0.5% and ~0.75% respectively), while converting crypto with OWNR Card will cost you the most, ~4.64%.
How Does Bybit Card Compare to Other Crypto Cards?
Bybit Card ranks #4 out of 48 amongst all the crypto cards we have reviewed so far. This means it's in the Top 30%.
We compared Bybit Card with 38 similar crypto cards, available for the same geographical region. See the resulting pros and cons below.
Strongest Features Against Competitors
Here are the strongest features of Bybit Card against its 38 competitors:
- Offers impressive maximum cashback of up to 10% (other cards have an average of 4%).
- Has a Foreign Exchange Fee of 0.5% (other cards have 1.5% average).
- Provides a substantial ATM widthdrawal allowance of 2,000 EUR per day (average amongst other cards is only 500 EUR).
- Solid company with a 10/10 company strength score (the average for all competing cards is 6/10).
- Doesn't require preconverting of your crypto, converts needed amount automatically on every purchase (while 60% of competing crypto cards require you to preload card in advance).
- You can get both a physical card and a second virtual card (while 60% of competing crypto cards offer only one type - either physical or just virtual).
- Their crypto-to-fiat conversion cost, including all related fees and spread, is among the lowest at ~1.15% (versus an average of ~1.8% with other cards.)
- Their overall fee structure is incredibly budget-friendly, with a score of 8.6/10 (average fee structure rating amongst other cards is 6/10).
Weakest Features Against Competitors
Compared to its 38 competitors, here are the shortcomings of Bybit Card:
- Apple Pay isn't enabled (while 60% of competing crypto cards have it).
- Daily spend is capped at 5,000 EUR (while other cards offer 9,000 EUR daily spend limit on average).
- Their customer service is poor with a 5.8/10 score (competitors score 7.5/10 on average).
Bybit Card vs. Revolut Card vs. Nexo Card
Bybit Card
|
Revolut Card
|
Nexo Card
|
|
|---|---|---|---|
| Monthly Fee | 0.00 EUR | 0.00 EUR | 0.00 EUR |
| Crypto to Fiat Cost | ~1.15% | ~2.99% | ~0.75% |
| Highest Cashback | up to 10% | up to 1% | up to 2% |
| Entry-Level Cashback | 0.2% | 0% | 0.5% |
| Daily Spending Limit | 5,000 EUR | Unlimited | 10,000 EUR |
| Daily ATM Limit | 2,000 EUR | 3,000 EUR | 2,000 EUR |
| Foreign Exchange Fee | 0.5% | 1% | 0.5% |
| Asset Management | Custodial | Custodial | Custodial |
Availability for  United States |
|||
| Supported Cryptocurrencies | 8 | 120 | 63 |
| Apple Pay | Not Enabled | Enabled | Enabled |
| Customer Service | Average | Great | Great |
| Company Strength | Strong | Strong | Strong |
If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. Revolut Card offers an unparalleled Unlimited daily spending limit. You will get lower daily limits with Bybit Card and Nexo Card.
Cashback rewards are a great way to earn back some of the money you spend on your card and is an important consideration as well. Out of the three, Bybit Card offers the best cashback rewards of up to 10%. The cashback rewards for Revolut Card and Nexo Card are not as high.
To make a good choice, look through all features, as it is an individual choice. If you will mostly do online transactions with this card, then Apple Pay availability may not be a very important feature for you. If you travel a lot, foreign exchange rate will matter. And so on.
Bybit Card ATM Fees: The Real Cost of Cashing Out
Local ATM Withdrawals in EUR
Here's a breakdown of the fees you'll face when making local ATM withdrawals with your Bybit Card:
Starting with an initial amount of 200 EUR in ETH, the ATM withdrawal with Bybit Card will cost you a total of ~9.25 EUR (4.6% of 200 EUR), resulting in a final cash withdrawal of 190.75 EUR in hand.
Doesn't Bybit Card Offer Free ATM Withdrawals?
Yes, Bybit offers free ATM withdrawals for up to 100 EUR per month, which is lower than the typical 200 EUR offered by other cards.
When they say 'free', they are only referring to their ATM Withdrawal Fee, which will be waived for the first 100 EUR withdrawn per month. In our example, if you withdraw 200 EUR, this waiver saves you 2 EUR, reducing your local ATM withdrawal cost to around 7.25 EUR, compared to the standard cost of approximately 9.25 EUR.
International non-EUR ATM Withdrawals
Things will get significantly worse for International ATM Withdrawals. If you're out of country and cashing out with your Bybit Card, here's what it will look like:
For an international withdrawal using your Bybit Card with an initial 200 EUR in ETH, you'll incur fees totaling ~16.17 EUR (8.1% of 200 EUR), leaving you with 181.53 EUR in the equivalent foreign currency.
Reality CheckOverall, Bybit Card is equivalent to the average than other cards for local ATM withdrawals and slightly cheaper for international ATM withdrawals:
| Cost with Bybit Card | Cost with Other Cards | |
| Local ATM Withdrawals | ~9.2 EUR (4.6% of 200 EUR) | ~9.2 EUR (4.6% of 200 EUR) |
| International ATM Withdrawals | ~16.2 EUR (8.1% of 200 EUR) | ~18.4 EUR (9.2% of 200 EUR) |
From all crypto cards that we reviewed, Holyheld Card, Bit2Me Card and Nexo Card offer the cheapest local ATM withdrawals (2.5%, 2.7% and 3.2% of 200 EUR respectively), while OWNR Card scores the worst, landing last on the list with a total local ATM withdrawal cost of 9% of 200 EUR.
We Tested Bybit's Customer Support
We asked Bybit's customer support different questions, and then rated their responses to evaluate how good their support is.
Why should you Care:When you'll have a money-related question, like a missing deposit or being overcharged - having good support at that moment will be crucial for you.
Bybit offers support via the following channels:
| Chat | https://www.bybit.com/en-US |
| support@bybit.com | |
| Web Form | https://www.bybit.com/en-US/help-center/s/webform |
Location: Bybit customer service reps are located in 
Singapore, 
Malaysia and 
Vietnam.¹
| Support Channel | Our Interaction | Score |
Chat (replied in 9 min) | Asked a very simple question. 11 people in the live chat queue, waited for 9 minutes. Reply was knowledgeable and to the point. | High Competence Not Personalized Flawless English, Professional Tone 9/10 |
Email (replied in 9 d 11 h ) | Asked a question about fee reports. It took many days to receive a reply. They replied with a link to the FAQ page. | Late Reply High Competence Not Personalized Flawless English, Professional Tone 4/10 |
Web Form (replied in 2 h 5 min) | Didn't directly answer the question, gave a related link in which the question wasn't answered. | Low Competence Not Personalized Adequate English, Professional Tone 4/10 |
Chat (replied in 29 min) | 12 in live chat queue, replied in 29 minutes. Copy-pasted replies. Very basic knowledge, didn't know answers to simple questions. Slow, frustrating conversation. | Low Competence Not Personalized Adequate English, Informal Tone 3.5/10 |
Chat (replied in 4 min) | Asked about reporting. There were 5 people in the queue. Gave good answers, linked to reports. | High Competence Not Personalized Adequate English, Professional Tone 8.5/10 |
To summarize,
Competence and Problem-Solving: Bybit's customer service responses are a hit or miss. Some of their agents are very competent, while others are not.
Customer Love: You will not get addressed by name and answers to your questions will be generic. Bybit's customer support agents do not make an effort to personalize their replies.
Reply Speed: Response times are inconsistent, ranging from as quick as 4 minutes to as slow as 9 days.
Overall Customer Service Rating: 5.8/10
With this score, Bybit's Customer Service is poor, comparing to other crypto cards, which score an average of 7.5/10.
Bybit Referral Code - to Get 9 EUR Bonus
You can use referral code 55224 to get 10 USDT (~9 EUR¹) bonus when you create an account on Bybit platform.
Here's how you can enter the referral code:
..or, just click here.
Your bonus will be paid out to you in USDT (Tether USDt1), right after you deposit your first 100$ worth of crypto.
p.s. Are we getting paid for referring you? Yes, and it helps us continue our mission. It's like you are buying us lunch 🍱 for all the hard work we've put into building this site. We really appreciate it. Thank you. 🙏🤗
Is Bybit Card Available for Residents of United States?
No, Bybit Card is not available for residents of United States.
Bybit Card supports the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom.
To see our list of available crypto cards for United States, see this list. There are currently 8 cards listed there.
You may also be interested in this article: Crypto Cards for USA: The Best Options for Americans.
Noted. What's My Next Step?
Paulina Masson
Paulina has a strong background in finance and cryptocurrency. She's been involved with crypto since its early days and has observed its progression over the years. Notably, she possesses expertise in various crypto products, having personally tested and evaluated many of them. In her spare time, she is developing a crypto bot designed to automatically trade on short timeframes.
