What is Bybit Platform?
Are you looking for a free virtual Mastercard for online payments? Bybit, the second most powerful cryptocurrency trading platform after Binance, offers a virtual card with no annual or monthly fees and cashback of up to 10% on purchases. In this article, you will learn how to obtain a Bybit card, its benefits, how to top it up, and where you can use it.
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What is the Bybit Virtual Card?
The Bybit card is a virtual Mastercard that can be used for online purchases at any website that accepts Mastercard payments, including Google Play. This card provides a smooth and secure payment experience with no hidden fees and supports cryptocurrency conversions into usable funds.
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Features of the Bybit Virtual Card
- Free issuance with no annual or monthly fees.
- Up to 10% cashback on purchases.
- Valid for 3 years with no renewal fees.
- Support for multiple websites, including Google Play, Namecheap, and Amazon.
- Low conversion fees (1%) when paying in a different currency.
- No hidden charges such as inactivity fees or minimum deposit requirements.
- Supports cryptocurrency payments, making it a great option for crypto enthusiasts.
Drawbacks of the Bybit Virtual Card
- ❌ Cannot be used for withdrawals from PayPal.
- ❌ Not available as a physical card in some countries.
- ❌ Requires account verification to obtain the card.
How to Get a Bybit Virtual Card
1. Registering on Bybit
- Create an account on the official Bybit website.
- Enter your email and password.
- Verify your account using the code sent to your email.
- Download the Bybit app on your mobile phone.
- Use the referral code "GVPRO3R" to get a free bank card.
2. Verifying Your Account (KYC)
To obtain the card, you must verify your account using one of the following documents:
- ✅ National ID card (preferred).
- ✅ Passport.
- ✅ Driver’s license.
3. Requesting the Bybit Virtual Card
- After verification, go to the "Cards" section in the Bybit app.
- Click on "Request Card."
- Enter your personal information such as occupation, source of income, and phone number.
- Within minutes, your card will be approved and activated.
How to Earn $10 with Bybit Virtual Card
- Download the Bybit app on your mobile phone from this link.
- Spend $100 using the Bybit card on any online purchase.
- Within 14 days, you will receive a $10 reward credited to your card.
How to Top Up the Bybit Virtual Card
You can top up your card using two main methods:
1. Peer-to-Peer (P2P) Transfer
- Buy USDT or any cryptocurrency from other users via any electronic bank or bank transfer.
- After purchase, transfer the funds to your card balance.
2. Deposit from Other Platforms (e.g., Binance)
- Transfer cryptocurrencies to your Bybit account using your deposit address.
- Once the balance arrives, you can load your card and start using it.
Where Can You Use the Bybit Virtual Card?
- 🎮 Google Play (Successfully tested).
- 🌐 Domain and hosting purchases from websites like Namecheap.
- 🛍️ Online shopping on sites that accept Mastercard.
Bybit Card Fees ?
Foreign Exchange Fee: Applies to transactions in a currency different from your card's denomination.
- EEA & Switzerland: 0.5%
- Australia: 1%
- Argentina: 7%
- Brazil: 1.5%
- AIFC: 2%
-
Crypto Conversion Fee: Charged when transactions are funded with non-fiat assets from your Bybit Funding Account.
- EEA & Switzerland: 0.9%
- Australia: 0.5%
- Argentina: 0.9%
- Brazil: 0.9%
- AIFC: 0.9%
-
ATM Withdrawal Fee: The first 100 EUR (or equivalent) of ATM withdrawals each month are free; subsequent withdrawals incur a 2% fee.
-
Card Issuance/Replacement Fee:
- Virtual Bybit Card: No fee
- Physical Bybit Card: 5 EUR/USDT
-
Annual, Inactivity, and Card Cancellation Fees: None
- Foreign Exchange Fee:
- Ranges from 0.5% to 7% depending on the region, added on top of Mastercard’s exchange rate.
- Crypto Conversion Fee:
- Ranges from 0.5% to 0.9% depending on the region, applied to transactions funded with crypto assets.
- ATM Withdrawal Fee:
- 2% after exceeding the free monthly limit, which varies by country.
- Other Fees:
- No annual fee or card cancellation fee.
- Virtual card issuance is free, while physical card issuance costs $5-$10 depending on the region.
Spending Limits:
- Per Transaction: Up to €5,000 / $13,500, depending on the country.
- Daily: Up to R$27,500 / $5,000 / €5,000.
- Monthly: Up to €50,000 / $10,000 / R$137,500.
- Annually: Up to €250,000 / $150,000 / R$550,000.
ATM Withdrawal Limits:
- Number of withdrawals:
- Up to 10 per day and 300 per month.
- Maximum withdrawal amount:
- Up to €2,000 / $600 per day and €10,000 / $1,800 per month.
Important Notes:
- Additional fees may apply from third-party ATMs.
- Transactions in a currency different from the card’s denomination will incur a foreign exchange fee.
- Bybit reserves the right to adjust fees and limits based on market conditions.
Let me know if you need more details! 😊
Please note that some ATM operators may charge additional access fees or propose currency conversions; it's advisable to read all on-screen instructions carefully during ATM transactions.
Bybit Virtual Card Usage Experience
- 📌 Successfully purchased a paid app on Google Play using the card.
- 📌 Received $0.50 cashback on a $5 transaction.
Frequently Asked Questions about the Bybit Card
Is the Bybit card completely free?
Yes, there are no annual or monthly fees.
Can it be used on PayPal?
No, because PayPal does not support virtual Mastercard withdrawals.
How long does it take to get approved?
Usually, a few minutes after verifying the account.
What is the minimum and maximum top-up amount?
You can top up the card with any available balance in your Bybit account, with no minimum limit.
Disadvantages to Watch Out For
- Incompatibility with PayPal: You cannot link the Bybit card to PayPal, as the platform only supports Visa withdrawals, which may be an issue for those relying on PayPal for receiving funds.
- Card suspension due to multiple failed attempts: If a website repeatedly declines your transaction, Bybit may permanently disable your card, even if you contact customer support. It is advised not to make multiple unsuccessful attempts when making payments.
- Limited support in some countries: The card is not available in several countries, and this list may expand in the future. Always check if your country is supported before relying on it for purchases.
- No physical card in some countries The physical card is not available, but users can link the virtual card to Google Pay to use it in some supported stores.
- Not supported by some websites: While the card works on most platforms, some websites may not accept virtual cards, which could be a challenge in certain situations.
Tips for Using the Card Effectively
- Avoid multiple failed payment attempts to prevent the card from being permanently blocked.
- Check if the website supports virtual cards before making a payment to avoid transaction issues.
- Keep your security settings updated in the Bybit app to protect your card details from unauthorized access.
- Use Google Pay in supported stores to facilitate in-store payments.
By following these guidelines, you can maximize the benefits of the Bybit virtual card and enjoy seamless online transactions with added rewards and security.