Binance Card Review – Is It Worth It? (2025 Update)
Explore the Binance Card in 2025 — crypto payments, cashback rewards, supported regions, and how it compares to Bybit’s new card.
Hey, it’s Lanzo 👋
Crypto cards are becoming the bridge between digital assets and everyday spending — and Binance Card was one of the first to do it at scale.
But with new competitors like Bybit Card and Coinbase Card, is the Binance Card still worth using in 2025?
In this review, you’ll learn:
- How the Binance Card works in 2025
- Cashback rates and supported coins
- Pros, cons, and real-world use
- How it compares to Bybit’s new EU card
- Fees, limits, and region availability
- Whether it’s still worth it today
Let’s swipe into it 👇
1. What Is the Binance Card? 💳
The Binance Card is a Visa crypto debit card that lets you spend crypto anywhere Visa is accepted — automatically converting your assets into fiat at the point of purchase.
It’s available in most of Europe, parts of Latin America, and select Asian regions, though U.S. users are still excluded.
When you pay with it:
- You choose which coins to spend (BTC, ETH, BNB, USDT, etc.).
- Binance instantly converts them to EUR or local currency.
- You earn cashback based on your BNB holdings and spend tier.
✅ Works online, in-store, and for ATM withdrawals.
✅ Supports Google Pay and Apple Pay.
❌ Not available in the U.S. or UK as of 2025.
Related: Bybit Card Review – Pros & Cons
2. Supported Cryptos & Conversion 💱
The Binance Card currently supports 12+ cryptocurrencies, including:
| Supported Assets | Notes |
|---|---|
| BTC, ETH, BNB | Main spend coins |
| USDT, USDC, FDUSD | Stablecoins for lower volatility |
| SOL, ADA, XRP | Popular altcoins |
| BNB | Used for cashback tiering |
| EUR balance | Optional fiat wallet |
You can toggle which asset the card draws from inside the Binance app.
Crypto is converted at the time of purchase using Binance Spot market rates, plus a small conversion fee (~0.9%).
💡 Lanzo Tip: For stability, use USDT or USDC as your main spend balance — avoids volatility during checkout.
3. Binance Card Cashback Tiers 💸
The Binance Card offers cashback based on how much BNB you hold and your monthly spending volume.
| Tier | BNB Balance | Monthly Spend (EUR) | Cashback % |
|---|---|---|---|
| Standard | < 1 BNB | Any | 0.5% |
| Tier 1 | ≥ 1 BNB | €1,000+ | 1% |
| Tier 2 | ≥ 10 BNB | €2,000+ | 2% |
| Tier 3 | ≥ 40 BNB | €3,000+ | 3% |
| Tier 4 | ≥ 100 BNB | €5,000+ | 5% |
| Tier 5 | ≥ 600 BNB | €7,000+ | 8% |
| Tier 6 (Legacy) | ≥ 2,000 BNB | €10,000+ | 10% |
Rewards are paid in BNB once your transaction is confirmed, and there’s a monthly cap (~€1,000 equivalent cashback).
However, these rates are subject to Binance’s regional updates, so they may vary slightly per country.
⚠️ Lanzo Warning: Cashback applies only to eligible merchants — some categories (like gift cards or P2P payments) may not qualify.
4. Fees & Limits 💶
| Type | Fee |
|---|---|
| Card issuance | Free |
| Conversion fee | ~0.9% |
| ATM withdrawal | 0.9% + possible ATM surcharge |
| Monthly fee | €0 |
| Reissuance fee | €25 |
| Max daily spend | €8,700 |
| ATM withdrawal limit | €290 per day |
The Binance Card is relatively low-fee compared to traditional debit cards, but keep in mind — crypto conversions always incur minor spread costs.
5. Pros & Cons ⚖️
| ✅ Pros | ❌ Cons |
|---|---|
| Competitive cashback (up to 8%) | Requires large BNB holdings |
| Free to issue | Not available in all regions |
| Instant crypto-to-fiat conversion | Cashback changes frequently |
| Google Pay & Apple Pay support | Conversion fees apply |
| ATM withdrawals supported | Not ideal for long-term holding |
6. Binance Card vs Bybit Card 🥊
| Feature | Binance Card | Bybit Card |
|---|---|---|
| Network | Visa | Mastercard |
| Availability | EU, LATAM, Asia | EU & UK |
| Supported Assets | 12+ coins | BTC, ETH, USDT, USDC, RLUSD |
| Cashback | Up to 8–10% (BNB-based) | 1–10% (spend-based, beta tier) |
| Rewards Token | BNB | USDT |
| App Integration | Full Binance app | Bybit Web + App |
| Conversion Fee | 0.9% | 0.5–0.9% |
| ATM Access | Yes | Yes (EU only) |
| Region Strength | Global (legacy markets) | EU newcomer |
In short:
- Binance Card = proven, global, but requires holding BNB.
- Bybit Card = newer, simpler, more transparent for EU users.
Why I Recommend Bybit Over Binance 💳
While both Binance Card and Bybit Card advertise up to 10% cashback, the real-world experience is very different.
Binance rewards depend on how much BNB you hold — while Bybit rewards depend on how much you actually spend.
| Feature | Bybit Card | Binance Card |
|---|---|---|
| Cashback System | Based on monthly spending tiers | Based on BNB balance tiers |
| Max Cashback | Up to 10% (Beta program) | Up to 8–10% (requires 600–2000+ BNB) |
| Payout Type | USDT (stable) | BNB (volatile) |
| Availability | EU + Global rollout | Mostly EU only |
| Setup & KYC | Fast, simple in-app | Requires full verification |
| User Experience | Modern & transparent | Tier system can be confusing |
💡 Lanzo Tip:
I personally recommend the Bybit Card for most crypto users.
It’s simpler, faster to get, and the cashback comes in stablecoins — not a volatile token.
If you’re a heavy BNB holder, then Binance Card can still make sense, but for day-to-day use, Bybit wins on convenience and clarity.
💡 Lanzo Tip: If you already hold BNB, the Binance Card makes sense.
If not, Bybit’s EU card gives similar rewards with fewer conditions.
7. How to Apply 🧾
- Log in to your Binance account.
- Go to Finance → Binance Card.
- Complete identity verification (KYC).
- Choose your funding wallet.
- Order a physical or virtual card.
Shipping takes around 1–2 weeks for physical cards in Europe.
You can use the virtual card immediately with Google Pay or Apple Pay.
8. Security & Card Management 🔐
Binance Card security features include:
- Instant freeze/unfreeze in the app
- Spending limits
- 2FA & biometric login
- Transaction alerts
- Ledger integration for cold storage
Never store all funds in your Binance account — withdraw your long-term crypto to a hardware wallet like Ledger or NGRAVE for safety.
Related: EAL5+, EAL6+, EAL7 Explained — What These Security Levels Mean for Your Crypto Wallet
9. Who Is the Binance Card Best For? 🧠
✅ BNB holders who already use Binance Earn or Launchpad.
✅ Frequent travelers who spend in multiple currencies.
✅ Crypto users wanting Visa coverage and cashback.
❌ US users or those avoiding centralized exchanges.
❌ People who don’t want to hold BNB long term.
If you’re already in the Binance ecosystem, the card feels seamless.
But for everyday DeFi or low-balance users, Bybit’s card or a pure stablecoin setup may be simpler.
TL;DR 📌
- Binance Card = crypto debit card (Visa).
- Spend crypto anywhere Visa is accepted.
- Cashback up to 8–10% (BNB-based).
- 0.9% conversion fee, low ATM limits.
- Ideal for BNB holders, less so for small users.
- EU, LATAM, and Asia supported — not US.
- Still one of the top crypto cards in 2025.
FAQ
Yes, it’s free to order and use. Standard conversion and ATM fees apply.
Recommended Tools for Crypto Card Users 🧰
Buy & Trade Crypto on Bybit
Start trading and earning rewards with Bybit — access low fees, fast KYC, and global availability.
This is an affiliate link. If you buy, Lanzo may earn a commission at no extra cost to you.
Ledger Nano™ Gen5 — Protect Your Funds
Keep your crypto safe while using cards with the EAL6+ CL7 certified Ledger Nano Gen5 hardware wallet.
This is an affiliate link. If you buy, Lanzo may earn a commission at no extra cost to you.
NGRAVE ZERO — Premium Cold Wallet
EAL7 CL7-certified offline wallet — perfect for long-term holders using exchange cards.
This is an affiliate link. If you buy, Lanzo may earn a commission at no extra cost to you.
CoinLedger — Track Spending & Rewards
Automatically import Binance transactions, rewards, and cashback for your crypto taxes. Use code **CRYPTOTAX10** for 10% off.
This is an affiliate link. If you buy, Lanzo may earn a commission at no extra cost to you.
⚡ Lanzo Tip: Crypto cards are convenient — but remember, exchanges aren’t wallets. Always keep your savings offline.
⚠️ This post is for educational purposes only and does not constitute financial advice.
(This post contains affiliate links — supporting Lanzo at no extra cost to you.)
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