What are the fees for the Bybit card?

Understanding the Bybit Card and Its Fee Structure

The Bybit Card is a crypto debit card offered by the Bybit exchange, allowing users to spend their digital assets in everyday transactions. It supports multiple cryptocurrencies and can be used globally at merchants that accept Visa. While the card offers convenience, users must be aware of the associated fees, which vary depending on usage, location, and transaction type. All fees are transparently listed by Bybit, but it’s essential to understand each category to avoid unexpected charges.

Issuance and Delivery Fees

One of the first costs users encounter is the card issuance and delivery fee. This is a one-time charge applied when ordering a physical Bybit Card. The fee differs based on the shipping method selected:

• Standard shipping is typically free or available at a minimal cost, depending on the region.
• Express shipping incurs a higher fee, usually ranging from $15 to $30, depending on the destination country.

Digital card issuance, which allows immediate virtual card access, is generally free of charge. Users who only need a virtual card for online purchases do not have to pay any issuance or shipping fees. It’s important to note that the physical card is optional, and users can operate solely with the virtual version if desired.

Transaction and Usage Fees

Each time the Bybit Card is used, certain transaction-related fees may apply. These include:

• Purchase transactions: No fee is charged for spending using the card at merchants, whether online or in-store.
• ATM withdrawals: A fee is applied when withdrawing fiat currency from ATMs. The standard fee is $2.50 per withdrawal, with an additional 1.5% foreign exchange fee if the withdrawal is in a currency different from the wallet’s base currency.
• Currency conversion: When a transaction involves converting cryptocurrency to fiat in a non-native currency, a 1% conversion fee is applied by the payment network (Visa), plus any applicable spread from Bybit’s exchange rate.

These fees are deducted directly from the user’s Bybit wallet, which must hold sufficient funds in the relevant cryptocurrency to cover both the transaction and the associated charges.

Maintenance and Inactivity Charges

The Bybit Card does not impose a monthly maintenance fee for active usage. However, inactivity can trigger charges:

• If the card remains unused for over 12 months, an inactivity fee of $5 per month is applied until the card is reactivated or closed.
• This fee is automatically deducted from the linked wallet balance. Users are advised to make at least one transaction annually to avoid this charge.

There is no annual subscription fee for owning the card. The inactivity policy is designed to manage dormant accounts and maintain system efficiency. Users can monitor their card status and transaction history through the Bybit app to stay informed.

Top-Up and Funding Fees

To use the Bybit Card, users must load funds into their Bybit Card wallet. This process, known as topping up, involves transferring cryptocurrency from their main Bybit account or external wallets. Key points include:

• Internal transfers from a Bybit spot wallet to the card wallet are fee-free.
• External deposits from non-Bybit wallets may incur standard blockchain network fees (gas fees), which are not controlled by Bybit but depend on the network congestion and token used.
• Fiat top-ups via bank transfer or card are not currently supported directly to the Bybit Card. Users must first purchase crypto via fiat on Bybit and then transfer it to the card wallet.

It’s crucial to ensure the correct network is selected when depositing crypto (e.g., ERC-20 for USDT on Ethereum), as incorrect network usage can result in permanent fund loss.

Refund and Dispute Handling Fees

In cases where a transaction is disputed or reversed, Bybit follows standard card network protocols. While users can report unauthorized transactions, there are no direct fees for filing a dispute. However:

• If a dispute is resolved in favor of the merchant, no fees are charged to the user.
• If a transaction is found to be fraudulent or unauthorized, Bybit may refund the amount, but users must provide evidence through the app’s support system.
• Chargeback fees from Visa may apply in rare cases, but these are typically absorbed by Bybit and not passed to the user.

Users should contact Bybit support immediately if they notice suspicious activity. The card can be frozen or deactivated through the app to prevent further unauthorized use.

Frequently Asked Questions

Can I use the Bybit Card without paying any fees at all?Yes, it is possible to use the Bybit Card with minimal fees by following certain practices. Use the virtual card to avoid issuance fees, make purchases in your wallet’s base currency to skip conversion fees, and conduct transactions regularly to prevent inactivity charges. ATM withdrawals and cross-currency spending will still incur fees.

How are cryptocurrency conversion fees calculated when using the Bybit Card?When you make a purchase, the system converts your chosen cryptocurrency (e.g., USDT, BTC, ETH) into the merchant’s currency. The conversion uses Bybit’s internal rate, which includes a small spread. Additionally, Visa applies a 1% fee for dynamic currency conversion if the transaction is in a different currency than your wallet’s default.

Is there a minimum balance required to maintain the Bybit Card?No, there is no minimum balance requirement. However, your wallet must have enough funds to cover any applicable fees, such as ATM withdrawals or inactivity charges. If the balance is insufficient, transactions may be declined.

What happens if I lose my physical Bybit Card?You can immediately freeze the card through the Bybit app to prevent unauthorized use. Then, order a replacement card. A replacement fee may apply, similar to the original issuance cost, especially if express shipping is selected. The virtual card remains usable during this process.