How to Order and Activate Your Bybit Card (A Complete Guide)
Using credit and debit cards for crypto transactions is more convenient than you may expect. In fact, users are struggling to decide which virtual cards to use as they compare the benefits of both traditional debit cards and crypto cards. Since you’re reading, chances are you’ve decided on the Bybit Card for a change — and to unlock more rewards in different financial spectrums.
In this guide, we’ll give you tips and tricks on how to get started with Bybit Card — all the way from card registration and ordering to activation and utilizing it.
Key Takeaways:
Bybit Card helps you off-ramp crypto easily, while earning cashback rewards and unlocking additional perks without any annual or dormancy fee.
Users can choose to order and activate a Bybit Virtual Card instantaneously upon approval. However, it may take up to 30 business days to receive your physical Bybit Card.
Bybit users can also choose a simple process to replace damaged or lost cards.
What Is the Bybit Card?
Bybit Card is a Mastercard virtual crypto debit card that lets all cardholders easily spend crypto funds, unlock crypto rewards in each transaction and earn additional yields. Bybit Card is available to users in the EEA and CH regions, AIFC, Australia, Brazil and Argentina. The fiat currency that Bybit Card supports is automatically denominated based on your Proof of Address (POA) provided during your Know Your Customer (KYC) level 2 process. Meanwhile its six supported cryptocurrencies are: BTC, ETH, XRP, USDT, USDC, and TON.
Bybit Card lets you conveniently off-ramp your crypto and spend on the go. You can utilize funds earned from trading Spot, Derivatives, Options or Savings on Bybit to spend or pay for shopping expenses. The Bybit Card Loyalty Rewards Program includes cashback rewards, unique offers and exclusive events access — cashback and points vary according to a user’s VIP level.
One of the highlights of this card is its free annual or dormancy fee. Virtual cardholders are exempt from card issuance or account closure fees. However, users will be charged foreign exchange fees of 0.5% and a crypto conversion fee of 0.9% on top of the Spot rate. Another key benefit of Bybit Card is its convenience. The card automatically draws funds from your Bybit Funding Account, so all you have to do is to simply deposit funds into your Funding Account. Furthermore, it can be added to digital wallets like Apple Pay, Google Pay and Samsung Pay. Finally, you can activate auto cashback to effortlessly enjoy your rewards.
Bybit Virtual Card vs. Bybit Physical Card
The Bybit Virtual Card functions similarly to a physical card, except that a Bybit Physical Card allows you to make in-store purchases that support contactless, chip or PIN payment.
Bybit users who are eligible for this card and have passed the application process are entitled to use the Bybit Virtual Card instantaneously upon activation. However, users who wish to have the Bybit Physical Card must go through the card application process. The payment will be deducted directly from the user’s Funding Account on Bybit. Card delivery may take up to 30 business days to arrive, based on the preferred delivery method.
How to Order and Activate Bybit Card
The Bybit Card application process is relatively simple and takes only a few minutes to complete. However, for security reasons, Bybit implements stringent requirements for Identity Verification in the card application completion process.
Follow the steps below to order your Bybit Card.
Getting the Bybit Virtual Card
Step 1: Sign up for a Bybit Account by filling in all of the details, such as your mobile number and email, and complete the KYC details.
Step 2: Go to Finance and the drop-down menu, and select Card to access the Bybit Card application page. Then, either click on Apply Now or head over to the Bybit Card official page to apply for your card.
Step 3: To complete the application, please select your Country of Residence.
Step 4:
Part 1: Select and complete the Eligibility Check for Identity Verification, based on the required criteria. Once done, click on Verify.
Part 2: Select and complete the Eligibility Check for Address Verification, based on the country/region of your Proof of Address issuance. Once done, click on Verify.
Step 5: Fill in the details of your registered phone number and email address. If you haven’t set up the verification process, you’ll be prompted with instructions to set up Google two-factor authentication (2FA).
Step 6: For security reasons, applicants must set up their Security Question and click on Submit. Enter your email address and Google 2FA code to submit your application.
Getting the Bybit Physical Card
Only users who have successfully applied for the Bybit Virtual Card are eligible for the Bybit Physical Card. Note that the Bybit Physical Card is currently not supported in Brazil and AIFC.
To initiate the process, please follow these steps: Step 1: Click on the Physical Card application banner, and you’ll be led to a box to fill in details.
Fill in the name to be displayed on the card.
Enter your shipping address (note that the shipping address should be the same as the address submitted for your virtual Bybit Card's Address Verification).
Step 2: Set and verify your card PIN, which will be used for ATM transactions.
Step 3: After confirming your details, click on Apply.
Step 4: Once the details are verified, you may be prompted to the application page to complete the process by clicking on Apply.
Step 5: Complete the application by paying a 5 EUR/USDT issuance fee for the Bybit Physical Card. Choose the desired payment mode and click on Pay to complete.
Step 6: The pop-up on the screen should confirm your payment and indicate your application is successful. You may click on View Status to be redirected to the Card Management page.
Note: Card delivery might take up to 30 business days. Currently, only Bybit VIP users enjoy the DHL delivery tracking services. Please refer to this FAQ if you haven’t received your card within 30 business days.
Which Countries of Residency Are Eligible for the Bybit Card?
Bybit users living in the following countries are eligible to apply for and order a Bybit Card.
Currently only available for users with a residency from countries in the EEA (excluding Croatia, Iceland, Ireland, Liechtenstein and Romania), Australia and Argentina.
Bybit Card applicants must provide proof of address from the eligible EEA countries (except Croatia, Iceland, Ireland, Liechtenstein and Romania), issued within the last three (3) months, for Level 2 Identity Verification. Based on internal risk evaluation, Bybit reserves the final decision to decline any applications at our sole discretion.
Bybit Card Usage and Fees
The Bybit Card can be used wherever merchants accept Mastercard. Since the Bybit Card is a debit card, you cannot use it for credit card transactions. Users can also withdraw cash with their Bybit Physical Card from any ATM worldwide that supports Mastercard. Illegal use in connection with your Bybit Card is prohibited, and may result in termination of your Bybit Card agreement.
Note: There is a 2% Bybit Card ATM withdrawal fee for any monthly amount that exceeds 100 EUR in the EEA, 100 USD in Australia and 95k USD in Argentina. Bybit Card foreign exchange and/or crypto conversion may also apply (if any). Some ATM merchants may charge an ATM Access Fee, and/or may prompt currency conversion to your card currency. These fees and services are provided by the ATM service provider.
Here’s an overview of the applicable fees:
Using Contactless Payments With a Bybit Physical Card
You can make contactless payments with your Bybit Physical Card at retail merchants with contactless-enabled point-of-sales (POS) terminals. Please note that in order to initiate contactless payment, you’ll first need to complete a chip and PIN transaction (that is, insert your card into a POS terminal and authorize it with your PIN) using your Bybit Physical Card.
In Europe, contactless payment limits under the PSD2 regulation also apply to your Bybit Card. Currently, the maximum amount for a single contactless payment is 50 EUR, and the maximum cumulative amount for contactless payments is 150 EUR.
The maximum number of consecutive contactless payments is five (5), and any contactless payment transaction exceeding these limits will be declined. You may reset the limit by performing a chip and PIN transaction on your next payment, after which you can once again make contactless payments.
How to Order a Replacement Bybit Card
We understand that accidents do happen, so we’ve streamlined the process to help you get a new Bybit Physical Card.
To initiate the replacement process, you’ll need to report the loss or damage of your physical card by following the steps below.
Step 1: Log in to your Bybit account and head over to the Card Management page, and then click on Replace Card.
Step 2: Select the cause for the replacement. If your card has been compromised, choose ‘It’s lost or compromised (fraud, stolen, etc.)’. If you still have it in your possession but wish to replace it due to damage, choose the option‘It’s damaged or doesn’t work.’ and click on Next to proceed.
Step 3: Verify the details by completing the 2FA authorization and filling in your email address to terminate your card immediately.
Step 4: Click on Apply toinitiate the replacement process for a new Bybit Physical Card.
Need more help or info related to your Bybit Card? We’re here to help.
Find more information below:
The Bottom Line
The Bybit Card has been created to help you off-ramp your crypto and earn more rewards as you spend. We understand some crypto credit or debit card application processes may be lengthy and complicated, so we’ve simplified everything for you to get started without hassle. Simply prepare your verification documents, such as proof of address and identity and a valid email address, and you’re all set. Start spending and earn with Bybit Card today.
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