Bybit Card Review – Pros & Cons

Hey, it’s Lanzo 👋
Crypto cards are becoming one of the easiest ways to bridge your trading profits with real-world payments — and Bybit is leading that charge.

The Bybit Card lets you spend crypto like cash, withdraw at ATMs, and even earn cashback — all while staying connected to your Bybit account.
But is it really worth using in 2025? Let’s find out 👇

In this guide, you’ll learn:

• How the Bybit Card works
• The main pros & cons
• Cashback rates and supported coins
• How it compares to Binance and Crypto.com cards
• Whether it’s safe for everyday use
• How to get one and start spending crypto

Let’s swipe through the facts 💳

What Is the Bybit Card? 💼

The Bybit Card is a Visa crypto debit card that connects directly to your Bybit account balance.
It converts your crypto to fiat instantly at the time of purchase, letting you spend BTC, ETH, USDT, USDC, or other assets anywhere Visa is accepted.

It’s currently available in:

• EU & EEA countries
• UK
• Some parts of Asia (rolling out gradually)

💡 The card is issued in partnership with Moorwand (Visa) in the EU and PaySafe in select regions — making it one of the few crypto cards with both regulated custodians and direct exchange integration.

How It Works ⚙️

When you pay with your Bybit Card:

1. You make a purchase in EUR or GBP.
2. Bybit converts your chosen crypto (BTC, ETH, USDT, USDC, or XRP) into fiat instantly.
3. Visa processes the payment as normal — the merchant receives euros/pounds.

There’s no need to top up a separate balance — your card pulls directly from your Bybit funding account.

Bybit Card Pros ✅

1. Instant Crypto-to-Fiat Conversion

No need to manually sell crypto. When you tap your card, Bybit does the conversion on the spot — at live market prices.

Cashback Rewards 💰

Bybit Card gives you up to 10 % cashback in USDT/USDC based on your monthly spending and VIP tier.
Cashback is paid weekly in USDT/USDC and counts toward your tier’s monthly cap.

Cashback is credited weekly in USDT. Rates and limits as of October 2025 (subject to change).

Subscription Perks (Beta tier and up) 🎁

Starting from Beta (after €500 monthly spend or VIP 1), Bybit Card users get
100 % cashback on select subscriptions, including:

• Netflix
• Spotify
• ChatGPT
• Amazon Prime
• TradingView

Cashback applies once per billing cycle per eligible merchant and counts toward your tier’s monthly cap (e.g., Beta €50, Alpha €150).
Availability may vary by region — always check the Bybit Card perks screen before paying.

3. Low Fees

• No annual fee
• No conversion fees on crypto-to-fiat (only spread)
• No ATM withdrawal fees from Bybit’s side (Visa’s network may apply minor local fees)

4. Works Worldwide

Accepted at over 90 million Visa merchants globally — you can even use it for travel, hotels, and online subscriptions.

5. Real-Time Management

Track transactions, lock/unlock the card, and change spending settings directly inside the Bybit mobile app.

Bybit Card Cons ❌

1. Regional Availability

Currently available only in the EU, UK, and a few Asian regions — not yet in the US.

2. KYC Required

You must complete Bybit Level 2 Verification (ID + address).
This keeps it compliant but removes anonymity.

3. Limited Crypto Support

Only major coins (BTC, ETH, XRP, USDT, USDC) are supported.
You can’t spend meme or niche tokens directly — you’d have to convert first.

4. Spending & Withdrawal Limits

5. Cashback Requires Active Trading

The best rewards are tied to VIP status, which depends on your 30-day trading volume on Bybit.

Real-World Use Examples 🌍

• Freelancers converting crypto earnings to spend instantly.
• Travelers paying abroad without FX fees.
• Crypto traders who reinvest cashback rewards into Bybit Earn.
• Businesses using it for expense management and testing crypto payments.

Related: How Businesses Can Accept Crypto Payments in 2025

Comparing Bybit vs Other Crypto Cards ⚖️

✅ Why choose Bybit Card?

• It’s simpler — no staking required.
• Faster cashback payouts.
• Cleanest user experience for traders already on Bybit.

Security & Reliability 🔒

Every card transaction is secured with Visa 3-D Secure and Bybit’s internal withdrawal protection.
You can also enable:

• 2FA & email confirmation for payments
• Spending limits & freeze options
• Instant card lock in case of theft

For large holdings, it’s still smart to store most of your crypto offline.

Related: EAL5+, EAL6+, EAL7 Explained — What These Security Levels Mean for Your Crypto Wallet

Fees Overview 💶

Taxes & Tracking 💼

Bybit automatically logs all card transactions.
To simplify your records and taxes, connect your wallet and Bybit account to CoinLedger for auto-tracking.

Is the Bybit Card Worth It? 🤔

If you’re already using Bybit for trading or Earn, the card is a natural extension — no extra accounts, no manual swaps, just direct crypto spending.

Worth it if:

• You live in an eligible region
• You trade or earn yield on Bybit
• You want an easy crypto-fiat bridge
• You appreciate cashback in USDT/USDC

Maybe skip if:

• You live outside supported regions
• You prefer privacy or full self-custody
• You rarely spend in fiat currencies

TL;DR 📌

• Type: Visa crypto debit card
• Supported coins: BTC, ETH, XRP, USDT, USDC
• Availability: EU, UK, Asia (no US yet)
• Cashback: 0.2 – 10 % in USDT
• Fees: No annual fee, no conversion fees
• Best for: Bybit users wanting easy crypto spending
• Not for: Privacy-focused users or non-EU regions

Final Verdict 💳

The Bybit Card is one of the most practical crypto cards in 2025 — a seamless link between trading, earning, and spending.
With zero annual fees, instant conversions, and global Visa support, it’s hard to beat for active traders and crypto freelancers alike.

Just remember:
Use it for convenience, not long-term storage.
Keep your main assets offline — that’s how you stay in the game long term.

⚠️ 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.)