The Bybit Card offers an efficient and secure way to access and spend your cryptocurrency funds. Let’s take a look at some features of the Bybit Card and answer some common questions for users in the European Economic Area (EEA).
What is the Bybit Card?
The Bybit Card is a Mastercard debit card that provides a seamless way to convert and spend your cryptocurrency holdings anytime and anywhere. It integrates with Bybit’s trading services, allowing you to use your crypto earnings to pay for purchases directly.
The card also has a Loyalty Rewards Program that offers exclusive benefits, including special offers and experiences from various partners.
Types of Bybit Cards: Lite vs. Standard
There are two different versions of the Bybit Card: Lite and Standard. These two differ in the following ways:
- Bybit Card Lite: This virtual card comes with a lifetime spending limit of 150 EUR, usable through both fiat and crypto funds. It does not support ATM withdrawals and cannot be upgraded to a physical card. Digital only.
- Standard Bybit Cards: Includes both virtual and physical cards, which offer higher spending limits than the Lite version and support ATM withdrawals. Users can upgrade from the Lite to the Standard card upon completing Address Verification.
Eligibility and Application for the Bybit EEA Card
Residents of eligible EEA countries and Switzerland, excluding Croatia, Iceland, Ireland, Liechtenstein, and Romania, can apply for the Bybit Card. Required documents for the application include:
- Identity Verification: National ID, Passport, EEA/Swiss Residence Permit, or EEA/Swiss Driving License (valid for at least 6 months).
- Address Verification: Proof of address issued within the last three months.
Adding Bybit Card to Digital Wallets
The most common use case of the Bybit card is to add it to one of your digital wallets, so you can pay by phone anywhere Mastercard is accepted. It can be linked up with:
- Google Pay: Available for Android users, except in Switzerland, Estonia, and Norway. Add your Bybit Card to Google Pay through the Bybit App or directly within the Google Pay app.
- Apple Pay: Supported on iOS and Apple Watch in Apple Pay-supported countries. Add your Bybit Card via the Wallet app on your iOS device and follow the prompts for security verification.
Which Currencies Does Bybit Support?
The Bybit Card allows transactions in EUR or GBP (based on your verification) and supports multiple cryptocurrencies including BTC, ETH, XRP, USDT, USDC, TON, MNT, and BNB. Many more will be updated in the future.
Conclusion
The Bybit Card offers a secure method to integrate cryptocurrency into everyday transactions. With support for both physical and virtual cards, it caters to the needs of diverse users that want to cash out their crypto and pay for their everyday expenses.