Bybit launches physical card to simplify global crypto spending

Bybit has introduced a Physical Card for international users, according to a press release shared with crypto.news.

This new Bybit card allows users to make payments anywhere Mastercard is accepted, bridging the gap between digital assets and real-world transactions.

Crypto spending has traditionally been limited to online transactions or exchanges. Bybit’s new offering changes that by converting users’ crypto into traditional currency at the point of sale, making crypto payments as seamless as using a regular debit card.

The physical card, issued by Bybit Limited and regulated by the Astana Financial Services Authority, comes with features designed for both new and experienced crypto users. VIP users receive the card for free, while others can obtain one for $29.99. There are no monthly or annual fees.

Bybit’s card perks 

Users earn 2% cashback in cryptocurrencies like Tether (USDT) and Avalanche (AVAX) on eligible purchases. Additionally, new cardholders can get 10% cashback, capped at $300. 

The card offers up to an 8% annual percentage rate and integrates with Samsung Pay, Google Pay, and Digiseq Wearables for convenient mobile payments.

To obtain the physical card, users must first apply for a virtual card. The physical card provides added flexibility for in-person transactions. Bybit is rolling out the card in phases, with a waitlist available for those not yet eligible.