Navigating the crypto debit card landscape can be complex, but the Bybit Card stands out as a compelling option for spending digital assets. This review delves into its features, fees, benefits, and how it compares to alternatives like Swissmoney.
Key Takeaways
- Prepaid Debit Card: Funded via crypto or fiat transfers to a Bybit funding account.
- Global Accessibility: Available in the EEA and Australia, accepted by 100M+ merchants worldwide.
- Limited Crypto Support: Only five assets supported (BTC, ETH, XRP, USDT, USDC).
- Auto-Savings Feature: Earn interest on idle assets in your funding account.
- High Fees: 0.9% crypto conversion fee + ~1% one-click buy fee per transaction.
Bybit Card Overview
Quick Summary
- Type: Mastercard debit card (physical/virtual).
- Funding: Crypto or fiat via Bybit funding wallet.
- Delivery: Physical card may take up to 60 days.
- Free ATM Withdrawals: $100 monthly (2% fee thereafter).
| Feature | Details |
|---|---|
| Supported Assets | BTC, ETH, XRP, USDT, USDC, EUR, GBP |
| Fees | 0.9% crypto conversion, ~1% one-click buy, 0.5% FX fee (EEA), 2% ATM fee |
| Security | 2FA, biometric verification, Mastercard fraud protection |
| Rewards | Loyalty points (tied to VIP tier) |
How the Bybit Card Works
- Funding: Transfer crypto/fiat to your Bybit funding account.
- Spending: Assets auto-convert to cover purchases (fees apply).
Perks:
- Earn interest via Auto-Savings.
- Global Mastercard acceptance.
👉 Compare Bybit Card with Swissmoney for lower fees and multi-currency IBAN support.
Pros & Cons
| Pros | Cons |
|---|---|
| Connects to Bybit funding wallet | High transaction fees (up to ~2%) |
| Free $100 monthly ATM withdrawals | Limited to EEA/Australia |
| Earn interest on idle assets | VIP program affects rewards |
| No tiers—equal features for all users | Supports only 5 cryptocurrencies |
Fees Breakdown
| Fee Type | EEA Rate | Australia Rate |
|---|---|---|
| Crypto Conversion | 0.9% + ~1% | 0.9% + ~1% |
| Foreign Exchange | 0.5% | 1% |
| ATM Withdrawal | 2% (after $100) | 2% (after $100) |
| Card Issuance | €/£5 | $5 |
Note: No annual or inactivity fees.
Bybit Card Alternatives
Swissmoney: A Cost-Effective Option
- Lower Fees: Minimal exchange fees vs. Bybit’s ~2% transaction costs.
- IBAN Accounts: Dedicated EUR/USD/GBP/CHF accounts for SEPA/SWIFT transfers.
- Global Flexibility: Spend crypto like fiat without high conversion fees.
👉 Explore Swissmoney’s features for seamless crypto spending.
FAQ
Q: Can I use the Bybit card worldwide?
A: Yes—Mastercard acceptance in 200+ countries, but non-native currency transactions incur fees.
Q: How long does delivery take?
A: Virtual card instant; physical card up to 60 days.
Q: Is Bybit trustworthy?
A: Yes—launched in 2018, never hacked, with robust security (2FA, encryption).
Q: What’s the best alternative for lower fees?
A: Swissmoney offers competitive rates and multi-currency IBAN support.
Final Verdict
The Bybit Card excels in accessibility and integration with Bybit’s ecosystem but falls short with high fees and limited crypto support. For frequent spenders, alternatives like Swissmoney may offer better value.
Further Reading: