Bybit Card Review 2026: Fees, Cashback, Limits and Who Can Get It (EEA)
By the MyCardCrypto team · Updated 8 October 2026 · Fees checked on 8 October 2026
The Bybit Card is a free Mastercard debit card that spends from your Bybit EU account. Non-VIPs get 1% cashback, crypto payments cost 0.9%, and Bybit quotes two FX fees: 0.5% and 1%.
Best for: EEA residents who already keep euros or USDC on Bybit EU and want a card with no annual fee.
Not for: US and UK residents, people not on Bybit EU, self-custody fans, and anyone expecting 2–10% cashback without VIP.
Our rating: 6.5/10 — free, but crypto payments eat most of the 1% cashback and bybit.eu rates 1.3/5 on Trustpilot. This is not financial advice; fees and availability change — check the issuer before applying.
Is the Bybit Card right for you?
We have not held this card. On 8 October 2026 we read Bybit EU’s fee schedule (help centre, updated 3 June 2026), its card and rewards FAQs and the bybit.eu card page. Where they disagree, we print both numbers; our editorial policy explains how we check.
It is a good fit if you:
- live in an eligible EEA country and already hold euros or USDC on Bybit EU;
- pay mostly in euros, which cost nothing extra when paid from a euro balance;
- want high limits: €60,000 a year to start, up to €250,000 for VIPs.
Look elsewhere if you:
- live in the US or the UK, where Bybit offers no card;
- want your own keys, since this card spends from an exchange account;
- pay mainly with crypto and expect cashback to beat the 0.9% conversion.
Bybit Card fees, limits and quick numbers
Fees checked on 8 October 2026 against the help centre’s fee table (updated 3 June 2026) and the FAQ on the bybit.eu card page. Where they differ, the table shows both.
| Fee or limit | Bybit EU card (EEA) |
|---|---|
| Annual, inactivity and cancellation fees | None |
| Virtual card | Free |
| Physical card | First card free, €5 replacement (help centre); “$5 or 5 USDC” (card page) |
| FX fee on non-euro purchases | 0.5% (help centre); 1% (card page) |
| Paying with crypto | 0.9% over the One-Click Sell rate (help centre); “0.9% on top of Spot trading fees” (card page) |
| ATM withdrawals | First €100 a month free, then 2% (card page: $100) |
| Top-up | No card balance; it spends your Funding Account |
| Cashback | 1% for non-VIPs, no cap (euro-funded spending: unclear); VIPs 2–10% with monthly caps |
| Spending limit, Tier 1 | €5,000 a day, €10,000 a month, €60,000 a year |
| ATM limit, physical card | €2,000 a day on every tier |
| Virtual Card Lite (no proof of address) | €150 of spending over the card’s lifetime |
The FX gap is real, not our typo. The help centre’s table says “0.5% (On top of Mastercard’s Foreign Exchange Rate)”; the card page FAQ says 1% and puts the free ATM allowance in dollars. Until Bybit aligns them, budget 1% for foreign-currency spending.
The physical card has a similar gap: the fee table makes the first card free, yet the application guide (updated 2 October 2026) has a step where you “pay for the card issuance fee”.
Spending and ATM limits by tier
| Limit | Tier 1 | Tier 2 | Tier 3 |
|---|---|---|---|
| Per purchase and per day | €5,000 | €10,000 | €15,000 |
| Per month | €10,000 | €25,000 | €50,000 |
| Per year | €60,000 | €125,000 | €250,000 |
| ATM per month | €2,000 | €5,000 | €10,000 |
| ATM per year | €10,000 | €15,000 | €25,000 |
Non-VIP applicants can only move from Tier 1 to Tier 2; Tier 3 is for those who applied as VIPs. Bybit says an upgrade review “may take up to 7 business days”. Virtual and physical cards share one limit.
How the Bybit Card works
There is no money on the Bybit Card itself. The FAQ says it “does not have its own wallet balance”; each payment draws on your Bybit EU exchange account in a fixed order.
- Euros go first. The card is denominated in EUR, so a euro purchase paid from euros has no FX or conversion fee.
- If euros run short, Bybit sells your chosen crypto at its One-Click Sell rate plus 0.9%, converting at least 1 EUR at a time (one worked example uses 10 EUR).
- A purchase in another currency adds the FX fee on top of Mastercard’s rate.
- A dollar balance in the same account can’t pay, because the card’s “base currency is in EUR”.
The chart adds those percentages up for €100, without the One-Click Sell spread or any spot trading fee, for which we found no published figure.
Spendable crypto: USDC, BTC, ETH, MNT, GRAM, XRP and EURC. The FAQ (2 October 2026) lets you rank up to three; an article updated on 5 October says “users can only select one crypto asset for payment”.
Harmoniie SAS, a French e-money institution supervised by the ACPR, issues the card with Moorwand Ltd, holder of the Mastercard licence. Dutch residents get a separate programme from Via Payments UAB, licensed in Lithuania.
Who can get it: EEA countries, KYC and Card Lite
The help centre’s FAQ (updated 2 October 2026) lists 29 countries: every EU member except Malta, plus Iceland, Liechtenstein and Norway. The card page’s region picker disagrees: its “EEA Region” option reads “Except Croatia, Iceland, Ireland, Liechtenstein, the Netherlands, and Romania”.
The Netherlands has its own programme on that page; for the other five we could not tell whether they are excluded. At the September 2025 launch the card was “not available in Croatia, Ireland, Romania, or Norway”, so check the app’s list if you live there.
US and UK residents are out. The card “is currently not available in the United States”, and Bybit’s December 2025 return to the UK brought spot trading and P2P only; its global help centre lists no UK card programme. Bybit’s separate card programmes elsewhere, such as Australia, Brazil and Mexico, are not covered here.
Identity checks
The card page asks for Identity Verification Lv. 2 and a proof of address from an EEA country, issued within three months. The help centre wants proof of address only “if your Proof of Identity is not from the EEA countries”, and because the card has “more stringent requirements”, you may have to verify again.
Virtual Card Lite
Card Lite skips the address step, not the ID check, and is open in eligible EU countries and Norway except Croatia, Iceland, Ireland and Liechtenstein. Its “Lifetime Spending Limit is 150 EUR”. Reduced-verification tiers have low limits and are meant for small spending; full verification unlocks the real limits.
Cashback reality in 2026: 1% unless you are VIP
The “up to 10%” on the card page is a VIP number. Since 15 June 2026 for new cards (older cards followed by 4 August), “All non-VIP users are on Tier 1 (Base) with a 1% cashback rate and no monthly cap”. Spending more doesn’t help: “Tier upgrades through monthly spending are not available to non-VIP users”.
The old rules started non-VIPs at 2% with a €5 monthly cap, rising to 10% with spending of €500–€25,000 a month. A five-star Trustpilot review from May 2026 reports 1,750 USDC of cashback from January to May; a 4 June r/BybitCard thread was titled “High cashback rate is over”.
VIPs keep higher rates, each with a monthly cap: from 2% up to €50 for VIP 1–2 to 10% up to €600 for Supreme VIP and PRO 3–5. We did not check what Bybit EU requires for VIP status.
How Bybit Card cashback is paid
Cashback arrives as points worth €0.002 each, pending for 4 calendar days. With Auto Cashback on, they convert daily at around 2:00 UTC, from 50 points, into USDC or, since 19 January 2026, bitcoin. Refunds claw the points back, and the monthly cap “will not be restored”.
There is no cashback on ATM cash, fees, refunds, prepaid-card and e-wallet top-ups, money transfers, brokers, or payments re-routed through Curve.
One question we could not settle. Bybit’s global card page says “Cashback is earned only on crypto spending; fiat spending is not eligible”, while the EEA rewards FAQ (updated 3 October 2026) does not exclude euro-funded payments. Check the app’s terms before counting on 1% from a euro balance.
The 100% rebate on subscriptions such as ChatGPT, Netflix and Spotify is now for VIPs from Tier 2. Newcomers get it for one month, up to €50, plus “up to 110 USDC cashback in your first 30 days”, under terms we could not open.
The honest catches
The card is only as usable as your exchange account
If your Bybit EU account is suspended, the card stays active but “transactions will fail”; a negative Funding balance suspends the card until you repay it. Trustpilot complaints from 2026 describe a card cancelled “with zero prior notice” (13 June) and $60 of cashback withheld (19 July).
Refunds come back in euros
Pay with bitcoin, get refunded in euros: refunds land “in the currency your card is denominated (EUR)”, so any price move in between is yours. The cashback points go back too.
Google Pay gaps and the first PIN
Apple Pay, Google Pay and Samsung Pay are supported, but “Google Pay is not available to users from Switzerland, Estonia and Norway”. Plastic needs one chip-and-PIN payment before contactless works; then PSD2 caps each tap at €50 and asks for a PIN after €150 or five taps.
Plastic can take a month
You must get the virtual card first. “The card delivery might take up to 30 days to arrive”, with no tracking unless you are a VIP on DHL, and the card page suggests allowing 15 more days for delays.
Disputes: 120 days or 60?
The dispute guide accepts transactions from the last 120 days, after 14 days of trying the merchant. For a payment you did not make, the transactions FAQ says to freeze the card and dispute “no later than 60 days from the transaction date”.
Austrian tax residents: card transactions “may incur a withholding tax (WHT) of 27.5%”. We don’t give tax advice; our crypto card guide covers the general questions.
Is Bybit safe? The hack, the licences and the reviews
On 21 February 2025 about $1.5 billion in crypto was stolen from Bybit; the FBI attributed the theft to North Korea (“TraderTraitor”). Bybit says it restored reserves to 1:1 for in-scope assets within 72 hours, backed by a Hacken audit of 23 February. We found no primary source on card payments that week.
Bybit EU GmbH holds a MiCAR licence from Austria’s FMA (May 2025); Bybit Payments GmbH announced an e-money licence on 4 August 2026, partly for “future card initiatives”. The card is still issued by Harmoniie SAS. Keep spending money on the exchange, not savings.
One default is worth changing: the virtual card allows non-3DS online payments, which Bybit says “may make your card more vulnerable”. Switch it off in Card Management.
Reviews are the weak spot. On 8 October 2026 Trustpilot showed 1.3/5 for bybit.eu (400 reviews) and 2.5/5 for bybit.com (7,756); one 2026 complaint describes rewards “blocked from claiming” (31 August).
App stores are kinder: 4.55 for the Bybit.eu app in Germany’s App Store (360 ratings) and 4.0 on Google Play (6,433). Those rate the app, not how disputes end.
Bybit Card fee history, 2023–2026
The terms change often. Dates come from Bybit press releases, archived Bybit pages and the help centre.
- March 2023: launch for Europe and the UK with Moorwand, settling in EUR or GBP.
- 29 August 2024: 0.5% FX dropped for PLN, BGN, CZK, DKK, SEK, HUF and, per the release, HRK (missing from the current Bybit EU table).
- 3 September 2025: Bybit EU launch across the EEA, with 20% cashback for September sign-ups.
- 31 December 2025: deadline for EEA holders of bybit.com cards to move to Bybit EU.
- November 2025 and March 2026: archived fee tables show today’s grid (0.5% FX, 0.9% conversion, 2% ATM above €100, €5 replacement).
- 19 January 2026: bitcoin added as a cashback currency.
- 15 June and 4 August 2026: non-VIP cashback becomes a flat 1%.
- 10 August to 8 October 2026: the card page FAQ switches from 0.5% FX and €100 free ATM cash to 1% and $100.
✅ Pros
- No running costs: no annual, inactivity or cancellation fee; free virtual card.
- Cheap in euros: no FX or conversion fee from a euro balance.
- Uncapped 1% for non-VIPs, in USDC or BTC (euro-funded spending: unclear).
- High limits: €60,000 a year to start, €250,000 for VIPs.
- Free cash: the first €100 a month at ATMs.
- Phone wallets: Apple Pay, Google Pay, Samsung Pay.
❌ Cons
- Crypto costs 0.9%, most of the 1% cashback.
- Two FX fees: 0.5% (help centre) or 1% (card page).
- VIP-only upside: 2–10% cashback, monthly subscription rebates.
- Account risk: a suspended exchange account means failed payments.
- Slow plastic: up to 30 days, untracked for non-VIPs.
- EEA only: no US, no UK, no Malta.
Bybit Card vs KAST and Wirex One
We use KAST ourselves (Standard tier, virtual card, since spring 2026) and have used Wirex since 2021, now relaunched as Wirex One with a self-custodial wallet. The table uses published numbers only.
| Checked 8 Oct 2026 | Bybit (EEA) | KAST Standard | Wirex One Base |
|---|---|---|---|
| Who can get it | EEA except Malta; not US or UK | US, UK, EEA; no public country list | 73 countries incl. EEA and UK; not US |
| Custody | Exchange account | Custodial; optional Self-Custody Mode | Self-custodial wallet |
| Annual fee | €0 | $0 | $0 |
| FX fee | 0.5% or 1% | 0% in USD; 0.5–1.75% otherwise | Listed as free |
| Paying with crypto | 0.9% conversion | Stablecoins 1:1; other coins 2–7% | Stablecoins credited 1:1 |
| Base cashback | 1%, no cap, in USDC or BTC (euro-funded: unclear) | 1.5% on the first $2,000 a month, in USD | 0.5% in USD; $25 a month redeemable |
| Physical card | First card free (card page: $5) | $0 + $40 delivery | Not on Base; plastic from Premium |
| ATM | €100 a month free, then 2% | $3 + 2%, max $250 per withdrawal | None on the virtual card |
| Trustpilot | 1.3 (bybit.eu, 400 reviews) | 2.5 (220 reviews) | 2.3 (wirexapp.com, 17,658) |
KAST is the closer substitute for stablecoin holders: stablecoin deposits convert to dollars 1:1 with no spread, and the free tier pays 1.5% in USD on the first $2,000 a month. But euro spending carries a 0.5–1.75% FX fee, cashback stays inside KAST, and its Terms say deposits are “sold to KAST”. More in our KAST review.
Promo code LBY9BQVJ: enter it at sign-up for 10% off a first paid membership (Standard is free).
Wirex One suits readers who want their own keys: the wallet is self-custodial (keys via Privy) and the help centre lists FX as free. Base pays 0.5% with a virtual card only; 1% needs a $500 portfolio with at least 1% in the WPAY token. Our Wirex review predates the relaunch.
RedotPay is another custodial option, open in the UK and most of the EU; we review it separately. Our own three cards are compared in Wirex vs KAST vs Avici.
Frequently Asked Questions
Is the Bybit Card a Visa or a Mastercard?
Mastercard. The help centre calls it “a Mastercard debit card”, issued by Harmoniie SAS with Moorwand Ltd, holder of the Mastercard licence. It works online and in shops that take Mastercard, but not for credit-card transactions or instalments; Bybit also declines brokers, other exchanges, pay-at-pump fuel and magstripe swipes.
Is Bybit legit and safe to use?
Bybit EU is licensed: a MiCAR licence from Austria’s FMA since May 2025, plus an e-money licence for its payments arm since August 2026. Licensed is not risk-free. Bybit lost about $1.5 billion in the February 2025 hack, though it says reserves were back to 1:1 within 72 hours.
Is Bybit illegal in the US, and can UK residents get the card?
We are not lawyers and won’t rule on US law. In practice, Bybit says the card is not available in the United States, and the EEA card needs residence in an eligible country. UK residents are out too: Bybit’s UK return covered spot trading and P2P only.
How much is the Bybit Card FX fee?
It depends on the page. The help centre’s fee table (updated 3 June 2026) says 0.5% on top of Mastercard’s rate; the card page FAQ said 1% on 8 October 2026. Euro purchases carry no FX fee, and crypto-funded payments add the 0.9% conversion either way.
Does it work with Apple Pay and Google Pay?
Yes, and Samsung Pay too. Google Pay is not offered to users from Estonia, Norway or Switzerland and can’t be added on an iPhone. The virtual card goes into phone wallets at once; the plastic card needs one chip-and-PIN payment before its own contactless works.
Can I withdraw cash with the Bybit virtual card?
Sometimes. It depends on the ATM accepting contactless (NFC) withdrawals, and ATM use is off by default on the virtual card, so switch it on in Card Management. The help centre’s table makes the first €100 a month free, then charges 2%; the ATM owner may add a fee.
Is the Bybit Card worth it in 2026?
If you keep euros on Bybit EU, yes: it is free, has no FX on euro purchases and offers high limits. If you pay with crypto, the 0.9% conversion takes back most of the 1% cashback. Higher rates need VIP status, which we did not price.
Final verdict
6.5/10. The Bybit Card is a sensible free way for EEA residents to spend money they already keep on Bybit EU. It has no annual fee, no FX on euro purchases, €100 of free ATM cash a month and high limits.
It loses points where crypto cards should win: crypto payments cost 0.9%, nearly the whole 1% cashback, the FX fee is quoted two ways, and 2–10% rates need VIP status. With bybit.eu at 1.3/5 on Trustpilot, the account behind the card matters as much as the card.
Hold mostly stablecoins? Compare KAST first. Want your own keys? Look at Wirex One. Already keep euros on Bybit EU? Then the card is a cheap add-on.