Bybit’s growth as a leading crypto exchange on the global stage has been spectacular. It launched in 2018 and has steadily expanded its footprint to become the world’s second-largest crypto trading platform by volume. Along the way, it has worked to connect traditional finance with digital assets and turn crypto into something you can actually use in daily life. And now, with its MiCAR license secured in Europe and a growing global footprint, Bybit is expanding beyond trading — and the Bybit Card is a key part of that effort.
KEY TAKEAWAYS
➤ Recessions are defined by two consecutive quarters of negative GDP growth and widespread economic downturns.
➤ Recessions can be triggered by economic shocks, financial crises, or consumer confidence declines.
➤ Inflationary recessions, or stagflation, combine high inflation with declining economic activity.
➤ Depressions are more severe. They usually last longer and have major global impacts.
What is the Bybit Card?
The Bybit Card is a crypto-linked debit card that lets you spend your digital assets like everyday money. It supports major cryptocurrencies, including Bitcoin, Ethereum, XRP, USDC, TON, and MNT. When you pay, the card automatically converts your chosen asset into fiat, just like a regular debit card.
The card works anywhere Mastercard is accepted, and you can also choose to pay directly with your fiat balance. Additionally, it is also compatible with digital wallets like Google Pay, Apple Pay, and Samsung Pay. So, to cut a long story short, it is designed for easy and efficient use of crypto in day-to-day transactions.
Why choose the Bybit Card?
Crypto debit cards aren’t new — several exchanges already offer them. Bybit says what sets its card apart is how closely it mirrors the convenience of a traditional bank card while adding crypto flexibility.
You can pay directly in euros or let the card convert your crypto automatically at checkout, without the need for advance selling.
Switching between your crypto and fiat balances is simple, too, which means it is just as useful for local bills as it is for travel.
Once approved, you get a virtual card instantly, so you don’t have to wait to start using it — and like already mentioned, you can add it straight into your preferred mobile wallet, such as Google Pay.
Bybit’s MiCAR compliance in Europe also gives the card a layer of regulatory assurance that many competitors can’t yet match, thus making it both a practical and secure choice.
Key benefits for cardholders
Bybit has stacked the deck with features designed to appeal to both new and experienced crypto users. Here’s what stands out:
- Free issuance and delivery: Your virtual card is available instantly, and the physical card ships worldwide via DHL at no cost.
- No annual or inactivity fees: You won’t find hidden charges eating into your balance.
- Cashback rewards: You can earn between 2% and 10% cashback, depending on your tier or VIP level (credited in BTC, USDT, USDC, or AVAX).
- 100% rebates on popular services: VIPs can claim full rebates on Netflix, Spotify, Amazon Prime, ChatGPT, and TradingView subscriptions.
- ATM access: Get up to €100 in free withdrawals each month; after that, a 2% fee applies.
- Earn while idle: Park funds in Bybit Earn and collect up to 8% APY.
The combination of everyday utility and layered rewards makes the card competitive with both traditional bank cards and rival crypto cards.
Quick look: Bybit Card fees
➤ FX fee: ~0.5% when paying in non-EUR currencies (EEA).
➤ Crypto conversion fee: 0.9% when converting crypto to fiat at checkout.
➤ ATM withdrawals: First €100/month free, then 2% applies.
➤ Other charges: No annual, monthly, or inactivity fees; physical card delivery free via DHL (small print fee may apply but often waived).
Recent milestones and global expansion
The Bybit Card isn’t just a European experiment — it’s part of a wider global rollout.
Bybit has already issued more than 2 million cards worldwide and expanded into markets like Brazil, Argentina, and Mexico. Europe is a natural next step, especially with MiCAR compliance ensuring the card meets regulatory standards across the EEA.
Bybit is also experimenting with event-based perks that tie the card to real-world experiences. A headline example is the partnership with Tomorrowland Brasil 2025. Cardholders can get up to 30% cashback on festival tickets if they’re in Brazil, and up to 20% for global users.
Additional perks include 20% back on official merchandise, food, and drinks at the festival. The card even comes with a limited-edition Tomorrowland virtual design for those who sign up during the campaign.
This kind of integration shows that rather than limiting the card to transactions, Bybit is testing ways to link it with events and cultural experiences. So, if Bybit’s strategy is to project its crypto debit card not just as a payment tool, but as a lifestyle product tied to music, travel, and culture, the early partnerships suggest the plan is taking shape.
Launch promotions: Europe gets 20% cashback
The promotion runs from Sept. 3 to Oct. 3, 2025. Cashback is paid in USDC and capped by category, with clear MCC codes to avoid abuse.
There’s also a referral program: bring in a friend and get an extra 5 USDC bonus.
Why Bybit Card stands out
Where many crypto debit cards stop at basic conversion and spending, Bybit adds features that give it an edge:
- Cashback can be redeemed in four different cryptocurrencies — BTC, USDT, USDC, or AVAX — instead of being locked to a single token.
- A referral program rewards both sides, offering 20 USDT for the referrer and 10 USDT for the referee.
- VIP perks include 100% rebates on subscriptions like Netflix, Spotify, Prime, ChatGPT, and TradingView.
- Event-linked offers, such as the Tomorrowland Brasil partnership, add festival-specific cashback and limited-edition card designs.
- No annual fees, instant virtual issuance, and global merchant acceptance position it as a strong competitor in a crowded market.
Getting started: from sign-up to first spend
The Bybit Card is available to residents of the European Economic Area (EEA), except for certain countries like Croatia and Ireland.
Applicants must be over 18 and complete full KYC verification, including proof of identity and address. If you are ready to try the card, the onboarding process is simple:
- Create a Bybit EU account: Registration takes just a few minutes.
- Verify your identity: Upload personal details and proof of address to pass KYC.
- Fund your account: Top up with €100 worth of fiat (EUR) or crypto (BTC, ETH, XRP, USDC, TON, MNT).
- Activate your virtual card: Start spending immediately with Apple Pay, Google Pay, or Samsung Pay.
- Order your physical card: Delivered free via DHL, with the option to freeze/unfreeze anytime in the app.
From there, you will automatically start earning rewards — whether through standard cashback tiers, the EU launch promo, or the VIP rebate system.
Quick look: Bybit Card limits
➤ Daily spend: ~€5,000 at base tier, up to €15,000 for higher tiers.
➤ ATM cash: ~€2,000/day; higher monthly and annual caps for top tiers.
➤ Virtual Card Lite: instant issuance with a €150 lifetime cap (ideal for testing the card).
Is the Bybit Card the right option for you?
Overall, the Bybit Card seems to have done a pretty neat job extending the exchange’s push to make crypto practical for everyday use.
It’s free to get, works with both fiat and crypto, and gives you cashback on everyday spending. MiCAR approval makes it easier to trust in Europe, while extras like the Tomorrowland tie-in show how Bybit is trying new ideas.
So, all things considered, if you’ve been thinking about trying a crypto debit card, the Bybit Card is definitely one worth considering.
