Bybit Visa Card: Spend your crypto in the real world

The world of digital money, known as cryptocurrency, is growing incredibly fast. You may have heard of Bitcoin, Ethereum, and other digital coins. For a long time, these digital assets were mostly used for trading or as a long-term investment, like digital gold. A big problem was always the same: “How can I use my crypto to buy everyday things?”

Traditionally, spending crypto was a slow process. You had to sell your coins on an exchange, wait for the money to transfer to your bank account (which could take days), and then use your regular bank card. It was complicated and slow. This is the problem that crypto debit cards aim to solve. And one of the most talked-about solutions today is the Bybit Visa Card.

This guide will explain everything you need to know about this card. We will cover what it is, how it works, its benefits, its fees, and how you can get one. This is designed to be easy to understand, even if you are new to the world of cryptocurrency.

What is the Bybit Visa Card?

In simple terms, the Bybit Visa Card is a debit card. This is a very important first point. It is not a credit card. You are not borrowing money from a bank. Instead, you are spending the money (or digital assets) that you already own, which are stored in your Bybit account.

The card is issued by Bybit, one of the world’s largest and most popular cryptocurrency exchanges, in partnership with Visa. The “Visa” part is key. It means you can use this card anywhere in the world that Visa is accepted. That includes millions of stores, restaurants, and online shops. You can also use it to withdraw cash from ATMs.

The card’s main job is to act as a bridge. It connects your cryptocurrency holdings in your Bybit wallet to the traditional financial world. When you use the card, Bybit automatically converts just the right amount of your crypto into regular money (like US Dollars, Euros, or Polish Złoty) to pay for your purchase. The shop owner doesn’t even know you paid with crypto; they just receive regular money.

How does it actually work?

This might sound complex, but the process is designed to be seamless for the user. Let’s break it down into simple steps.

1. You fund your Bybit account: First, you need an account on the Bybit exchange. You deposit or buy cryptocurrencies (like Bitcoin, Ethereum, or stablecoins like USDT) and keep them in your Bybit “Funding Account” or “Spot Account”.
2. You select your spending asset: Inside your Bybit account, you tell the card which digital asset it should use for payments. You can choose to spend from your Bitcoin balance, or perhaps you prefer to spend a stablecoin (a crypto pegged to a currency, like USDT which is pegged to the US Dollar) to avoid price swings.
3. You make a purchase: You go to a cafe and buy a coffee for 5 Euros. You tap your Bybit Visa Card on the payment terminal.
4. The magic happens instantly: At that exact moment, Visa sends a request to Bybit for 5 Euros. Bybit checks your chosen spending asset (let’s say it’s USDT). It instantly converts 5 USDT into 5 Euros and sends that money to the cafe’s bank. (Note: There might be a small fee, which we’ll cover later).
5. Transaction complete: The payment machine shows “Approved.” You get your coffee. You just paid for a real-world item, directly with your digital assets, in about two seconds.

You can also get a virtual card almost instantly after you are approved. A virtual card is just a set of card numbers (card number, expiry date, CVC code) that you can use for online shopping right away, or add to Apple Pay or Google Pay. You can also order a physical plastic card that will be mailed to you.

Key features and benefits

The card offers several features that make it attractive for anyone who holds cryptocurrency.

• Global acceptance: Because it’s a Visa card, it’s accepted by over 80 million merchants worldwide. This is perhaps its biggest benefit. Your crypto is no longer locked away; it’s spendable.
• Spend multiple assets: Bybit allows you to hold and spend various cryptocurrencies. This gives you flexibility. If you think Bitcoin’s price is going up, you can choose to spend your stablecoins instead, without having to sell your Bitcoin first.
• Real-time conversion: The conversion from crypto to fiat (regular money) is instant. You don’t need to plan ahead and sell your crypto. You just swipe and go.
• Loyalty rewards (Cashback): This is a major perk. Bybit has a Loyalty Program where you earn points back on your purchases. These points can be redeemed for various rewards. We will discuss this in more detail.
• High-level security: The card comes with all the modern security features you’d expect. This includes EMV 3D Secure for safe online payments, plus Chip & PIN protection. You can also instantly freeze and unfreeze your card from the Bybit app if you lose it.
• Integration with the Bybit app: You can manage everything from one place. The Bybit app lets you see your transaction history, change your spending asset, top up your account, and freeze your card. It’s your all-in-one command center.
• Competitive fees: While no card is completely free, the Bybit Visa Card aims to be very competitive. We’ll explore the fee structure next.

Understanding the fees and limits

This is a critical section. To use any financial product wisely, you must understand the costs. Bybit aims for transparency.

Disclaimer: Fees and limits can change. Always check the official Bybit website for the most current information before applying for a card.

Here is a general breakdown of the common fees and limits associated with the card:

The main cost to be aware of is the crypto conversion fee (e.g., 0.9%). This is how Bybit makes money from the card. While the cashback rewards (which we’ll cover next) can often cancel out this fee, it’s important to know it exists.

The Bybit Loyalty Rewards Program (Cashback)

This is one of the most exciting features of the Bybit Visa Card. Bybit rewards you for using their card. The system works on “levels.” Your level is based on your activity on the Bybit exchange (like your trading volume or asset balance).

The higher your level, the more cashback you earn on your purchases. For example:

• A standard user might earn 0.5% cashback on all purchases.
• A VIP user might earn 1%, 2%, or even more.

Let’s do some simple math. If you spend 2,000 EUR in a month on groceries, gas, and bills, and you have a 1% cashback rate, you would earn 20 EUR back. This reward is paid in Bybit Points, which you can then redeem for trading fee vouchers, bonuses, or other perks within the Bybit ecosystem.

This reward system directly fights the 0.9% conversion fee. If your cashback rate is 1% and your conversion fee is 0.9%, you are actually *making* 0.1% on every purchase. This makes spending your crypto very attractive.

How to get the Bybit Card (Step-by-Step)

Getting the card is a straightforward process, but it requires you to be a Bybit user and to verify your identity.

1. Step 1: Create a Bybit Account.
   If you don’t already have one, you need to sign up. This is the perfect time to use a referral code to get extra benefits.
   • For users in the European Union (EU), use code: BYBIT3K
   • For users Globally (outside the EU), use code: BYBIT31

   Using these codes can give you access to welcome rewards, deposit bonuses up to $30,000, and trading fee discounts.

2. Step 2: Complete Identity Verification (KYC).
   This is a legal requirement for all major financial services. You will need to provide a photo of your government-issued ID (like a driver’s license or passport) and often a proof of address (like a utility bill). This is known as “Know Your Customer” (KYC) and is done to prevent fraud. Approval is usually very fast.
3. Step 3: Apply for the Card.
   Once your account is verified, log in to Bybit. Find the “Card” or “Finance” section in the menu. You will see the option to apply for the Bybit Visa Card.
4. Step 4: Get Your Virtual Card.
   After you are approved (which can be instant), your virtual card details will be available immediately in the Bybit app. You can copy these details to shop online or add them to Google Pay / Apple Pay.
5. Step 5: (Optional) Order a Physical Card.
   If you also want a plastic card to use in physical stores or at ATMs, you can request one from the same “Card” section. It will be mailed to your address, which usually takes 1-2 weeks.
6. Step 6: Activate and Fund.
   Once your card arrives, you’ll activate it in the app (usually by entering the last few digits). Then, make sure you have funds (crypto or stablecoins) in your Bybit Funding Account. You are now ready to spend.

Managing your card and security

A big advantage of the Bybit Visa Card is that its controls are built directly into the Bybit app you already use for trading.

In the “Card” dashboard, you have full control:

• Transaction History: See a clear, real-time list of all your purchases, just like a regular bank statement.
• Freeze Card: If you misplace your card, you can tap one button in the app to instantly freeze it. No one can use it. If you find it in your other jacket, you can unfreeze it just as easily.
• Manage PIN: You can set or change your card’s PIN directly from the app.
• Asset Priority: You can set a “spending priority.” For example, you can tell the app: “First, try to spend my EUR. If that’s empty, spend my USDT. If that’s empty, then (and only then) spend my Bitcoin.” This gives you amazing control.

Is it safe to use?

This is a very common and important question. The answer involves two parts: the security of your Bybit account and the security of the card itself.

1. Bybit Account Security: Bybit is a major exchange that invests heavily in security. They store the vast majority of user funds in “cold storage,” which means it’s offline and safe from hackers. Your account is protected by Two-Factor Authentication (2FA), which you should always enable.
2. Card Security: The card itself is protected by Visa’s global network. It has a chip for “tap to pay” (contactless) and for “Chip & PIN” transactions. For online shopping, it uses EMV 3D Secure. This is the system where, after entering your card details, you get a notification on your Bybit app to approve the transaction. This prevents someone who stole your card number from using it online.

In short, yes. It is built with modern security standards, but you must also do your part by using a strong password and enabling 2FA on your account.

Who is this card for?

The Bybit card isn’t for everyone, but it is an excellent tool for specific groups of people:

• The crypto enthusiast: If you are “all in” on crypto and want to live on it, this card is your direct link to the real world.
• The Bybit trader: If you already trade on Bybit, getting the card is a natural next step. You can use your trading profits to pay for dinner, all from the same platform.
• The international traveler: Using the card abroad can be very convenient. The FX fees are often lower than what traditional banks charge, and you can spend directly from your assets without needing to exchange cash at the airport.
• The curious beginner: For someone new who has just bought their first crypto, this card can make the entire concept feel more “real.” It shows them that their digital assets have real-world utility.

Pros and Cons: A balanced look

No product is perfect. Let’s summarize the good and the bad in an easy-to-read table.

How the Bybit Card compares to other crypto cards

The Bybit Visa Card is not the only crypto card on the market. Other major exchanges offer their own versions. So, what makes the Bybit card stand out?

Its main strengths lie in its tight integration with the Bybit trading platform and its competitive rewards program. If you are already a Bybit user, it is the obvious choice. The ability to set a “waterfall” of spending assets (EUR, then USDT, then BTC) is a sophisticated feature that not all competitors offer.

Some other cards might offer slightly different cashback rewards (perhaps paid in their own exchange token), or have different fee structures. The best card for you depends on what exchange you trust, what assets you hold, and what fees you are most sensitive to (e.g., ATM fees vs. conversion fees).

For many, the combination of a trusted exchange, a strong rewards program, and the power of the Visa network makes the Bybit card a top contender.

Conclusion: The future of spending

The Bybit Visa Card is more than just a piece of plastic. It’s a powerful tool that solves one of the oldest problems in the cryptocurrency space: “How do I spend this?” It successfully bridges the gap between the new world of digital finance and the traditional world of everyday commerce.

It allows you to unlock the value of your digital assets instantly, anywhere in the world, without the long delays of bank transfers. While it’s important to be aware of the fees (like the conversion fee) and the risks (like crypto volatility), the benefits are clear. The cashback program, high-level security, and seamless app control make it a compelling product.

If you are a Bybit user or are looking for an easy way to start using your crypto in the real world, the Bybit Visa Card is one of the best and most polished solutions available today.

Frequently Asked Questions (FAQ)