The Bybit Card is a cryptocurrency debit card issued in partnership with Mastercard. It allows users to spend their cryptocurrencies like BTC, ETH, USDT, XRP, USDC, and TON directly for everyday purchases without needing to convert them to fiat currency first.
How the Bybit Card Works
The card is linked directly to your Bybit funding account. When you make a purchase, the equivalent amount of cryptocurrency needed for the transaction is automatically converted to fiat currency at the point of sale. This allows for seamless spending at millions of locations worldwide that accept Mastercard.
Supported usage scenarios include:
- Online shopping (supports Apple Pay and Google Pay)
- In-store POS payments (physical card required)
- ATM withdrawals (physical card required)
Eligibility and Availability for Taiwanese Users
- ✅ Users in Taiwan can apply for a virtual Bybit Card.
- ✅ The virtual card can be added to Apple Pay or Google Pay for contactless payments.
- ❌ Applying for a physical Bybit Card is currently unavailable for residents of Taiwan. This option is currently only open to users in the European Economic Area, Australia, and Argentina.
Bybit Card Rewards: Up to 10% Cashback
One of the most attractive features of the Bybit Card is its generous cashback rewards program. You earn rewards on spending, and the rate depends on your VIP level within the Bybit ecosystem.
Standard Spending Rewards (By VIP Level)
| VIP Level | Points per $1 Spent | Monthly Points Cap | Effective Cashback Rate | Max Monthly Reward |
|---|---|---|---|---|
| Non-VIP | 10 points | 5,000 points | 2.00% | 10 USDT |
| VIP 1 | 10 points | 37,500 points | 2.00% | 75 USDT |
| VIP 2 | 10 points | 75,000 points | 2.00% | 150 USDT |
| VIP 3 | 20 points | 100,000 points | 4.00% | 200 USDT |
| VIP 4 | 30 points | 150,000 points | 6.00% | 300 USDT |
| VIP 5 | 40 points | 200,000 points | 8.00% | 400 USDT |
| Supreme VIP | 50 points | 300,000 points | 10.00% | 600 USDT |
Understanding the Points System
- Rewards are earned in points, which are automatically converted into USDT.
- Every 500 points are converted into 1 USDT.
- The rewarded USDT is automatically deposited into your Bybit funding account, where it can be used for future spending, trading, or withdrawals.
100% Cashback on Subscription Services
The card offers exceptional value on popular digital subscriptions, providing 100% cashback on purchases made with select services, including:
- TradingView
- ChatGPT Plus
- Netflix
- Spotify
- Amazon Prime
This means these subscriptions are effectively free after the cashback is applied.
How to Apply for a Bybit Card (For Taiwanese Users)
Applying for a virtual card is a straightforward process:
- Log in to your Bybit App and navigate to the "Card" section.
- Select "Apply for Virtual Card" (the option for a physical card will not be available).
- Complete your personal information and pass the required KYC2 verification, which will require a government-issued ID.
- Wait for approval. Virtual cards are typically issued instantly upon successful verification.
- Transfer supported cryptocurrencies like BTC, ETH, USDT, XRP, USDC, or TON into your Bybit funding account to ensure you have a balance to spend.
- Add your virtual card to Apple Pay or Google Pay and start using it immediately.
For a smooth application process, it's crucial to ensure all your details are accurate. 👉 Explore more strategies for managing your digital assets effectively.
Bybit Card Fees and Spending Limits
Understanding the associated costs is key to using the card efficiently.
| Fee Type | Rate |
|---|---|
| Foreign Transaction Fee | 1.0% |
| Cryptocurrency Conversion Fee | 0.9% |
| ATM Withdrawal Fee | 2% (First $150 equivalent is free) |
| Physical Card Issuance Fee | 5 USDT (if available in your region) |
| Annual Fee | Free |
Spending Limits:
- Single Transaction Limit: 5,000 USD
- Daily Spending Limit: 5,000 USD
- Monthly Spending Limit: 50,000 USD
Important Notes:
- The conversion from crypto to fiat happens automatically at the time of payment.
- ATM withdrawal functionality is only available with a physical card.
Linking Your Bybit Card to Apple Pay
Taiwanese users can easily add their virtual Bybit Card to Apple Pay for convenient and secure payments on iPhone and Apple Watch.
How to Add Your Card to Apple Pay
Method 1: Through the Bybit App
- Open the Bybit App and go to the "Card" menu.
- Look for the Apple Pay binding option and tap "Bind Now".
- Follow the on-screen instructions to complete the verification process.
Method 2: Through the Apple Wallet App
- Open the Wallet app on your iPhone.
- Tap the "+" sign in the top-right corner.
- Select "Debit or Credit Card" to add a new card.
- Manually enter your Bybit Card details (card number, expiration date, security code).
- Complete any required authentication steps with your bank or card issuer.
Frequently Asked Questions
Q1: Is the Bybit Card available worldwide?
A: The virtual card is available to users in many supported regions, including Taiwan. The physical card has more limited availability, currently restricted to the EEA, Australia, and Argentina. Always check the latest official information for your specific location.
Q2: How is the exchange rate for my crypto spending determined?
A: The exchange rate is determined by Mastercard at the time of the transaction. The rate is typically very competitive and close to the real-time market rate, minus the small conversion fee.
Q3: Can I use the card to get cashback at ATMs?
A: No, cashback rewards are only earned on purchase transactions, not on ATM withdrawals. ATM transactions also incur a fee.
Q4: What happens if I don't have enough of one cryptocurrency to cover a purchase?
A: The system will automatically use the available balances across your supported assets in your funding account to complete the transaction.
Q5: Are my funds safe with the Bybit Card?
A: The card itself does not store value. It spends directly from your Bybit funding account, which is protected by Bybit's security infrastructure. Furthermore, since it's a debit card, you can only spend the assets you have, helping to manage risk. 👉 Get advanced methods for securing your cryptocurrency holdings.
Q6: Can I use the card for recurring payments and subscriptions?
A: Yes, the virtual card can be used for setting up recurring payments for services like Netflix or Spotify, making it easy to earn cashback on your regular subscriptions automatically.
Conclusion: Is the Bybit Card Right for You?
The Bybit Card is an excellent choice if you hold cryptocurrencies like BTC, ETH, or USDT and want to spend them directly in your daily life. The high potential cashback, especially the 100% rebate on popular subscriptions, offers significant value and can drastically reduce your monthly expenses.
While users in Taiwan cannot yet get a physical card, the ability to use the virtual card with Apple Pay and Google Pay provides ample opportunity for seamless online and in-store contactless payments. As Bybit continues to expand its card services, we can expect more features and wider availability, further bridging the gap between cryptocurrency and everyday finance.