What is the Bybit Card? How to apply and use it?

Bybit Card Overview

1. The Bybit Card is a crypto-powered Visa debit card issued in partnership with licensed financial institutions and payment networks.

2. It enables users to spend cryptocurrency balances directly at merchants accepting Visa, both online and in physical stores.

3. Funds are automatically converted from selected digital assets—such as BTC, ETH, USDT, or USDC—into fiat currency at the point of sale.

4. The card supports real-time balance tracking, instant top-ups via Bybit wallet, and multi-currency settlement across 150+ countries.

5. It operates under strict regulatory compliance frameworks including PCI DSS Level 1 and regional licensing such as EMI authorization in Europe.

Eligibility and Application Process

1. Applicants must hold an active and fully verified Bybit account with KYC Level 2 status completed.

2. Residency in supported jurisdictions—including the UK, EU member states, Singapore, and select Middle Eastern territories—is mandatory.

3. Users navigate to the “Card” section within the Bybit mobile app or web platform to initiate the application.

4. A soft credit check may be performed depending on local requirements, though no traditional credit history is required for approval.

5. Upon submission, applicants receive a virtual card instantly; physical delivery takes 7–12 business days via tracked courier.

Funding and Transaction Mechanics

1. Users allocate funds to the card wallet by transferring crypto from their Bybit spot or unified trading account.

2. Conversion rates are determined using real-time market data from Bybit’s internal liquidity pool and major exchange feeds.

3. Each transaction triggers an on-chain swap only if the selected asset isn’t already held in the card wallet’s designated reserve.

4. ATM withdrawals are permitted up to $1,000 per day, subject to network fees and local ATM operator charges.

5. All spending activity reflects immediately in the Bybit app with categorized expense tagging and FX fee transparency.

Security and Risk Management Features

1. The card includes tokenized credentials, device binding, and biometric authentication for app-based controls.

2. Users can freeze or unfreeze the card instantly through the app without contacting support.

3. Transaction limits are adjustable per user, with default caps on single purchase, daily spend, and ATM withdrawal.

4. Fraud monitoring uses behavioral analytics to flag anomalies such as rapid geo-location shifts or unusual merchant categories.

5. Loss or theft triggers automatic deactivation of the virtual card and irreversible invalidation of any cached payment tokens.

Frequently Asked Questions

Q: Can I use the Bybit Card for recurring subscriptions like Netflix or Spotify?A: Yes, recurring payments are supported provided the merchant accepts Visa and the card wallet maintains sufficient fiat-equivalent balance.

Q: Is there a monthly maintenance fee for holding the Bybit Card?A: No base fee applies for standard usage; however, inactivity fees of $2.99 USD may apply after 12 consecutive months without a transaction.

Q: What happens if my selected crypto asset drops sharply before conversion?A: Conversion occurs at the exact moment of authorization, locking in the rate at that microsecond—no slippage or delayed pricing is applied.

Q: Are cashback rewards paid in crypto or fiat?A: Rewards are distributed exclusively in USDT and credited to the user’s Bybit spot wallet within 72 hours of statement closing.