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Bybit lands in Europe with MiCAR-compatible crypto debit card and up to 20% cashback

The Bybit debit card links cryptocurrency balances to everyday payments via the Mastercard network and is available to residents of the European Economic Area and Switzerland in both virtual and physical forms. The card converts crypto to fiat at the moment of payment and integrates with mobile wallets such as Apple Pay and Google Pay to enable contactless and online transactions.

How the card works

Payments are executed on the Bybit platform where the selected cryptocurrency is converted to fiat at the time of purchase, which allows merchants to receive standard card payments while users spend digital assets; this execution can involve spreads or conversion fees and supports both physical cards for point-of-sale use and virtual cards for online purchases.

Supported assets and payment methods

The card supports major tokens and stablecoins including BTC, ETH, XRP, USDT, USDC and TON and operates on the Mastercard network for broad global acceptance, and it works with mobile wallets, enabling both contactless and in-app transactions for everyday use.

Rewards and offers

New users can obtain promotional cashback of up to 20% and recurring rewards can reach up to 10% in selected categories, combining initial incentives with ongoing benefits designed to encourage card usage while specific reward levels depend on active promotions and transaction categories.

Fees, limits and cash withdrawals

ATM withdrawals are free up to a monthly threshold (approximately 100 EUR/GBP) after which a fee of around 2% applies, and contactless payments have a per-transaction limit near 50 EUR to align with PSD2 and security requirements, so users should review the terms to understand monthly thresholds, potential fees and any execution spreads applied during conversion at payment time.

Control, security and account features

From the Bybit platform users can manage the PIN, billing address and consult detailed transaction history while the service implements market surveillance systems to detect irregular activity, and because conversion occurs on the platform using custodial balances, users who prioritize private-key control should weigh convenience against financial sovereignty.

Regulation and compliance

Bybit markets the card under the MiCAR regulatory framework, which brings transparency obligations and compliance measures, and the issuer highlights surveillance and monitoring to reduce risks of manipulation and fraud, making regulatory oversight and clear safeguards central to user and regulator expectations.

Practical implications

The card reduces friction for spending digital currencies and can accelerate mainstream adoption by bridging crypto holdings with traditional points of sale, but converting crypto to fiat at the moment of payment implies custody commitments, possible fees and the need for operational clarity, so prospective users should evaluate the trade-offs between convenience and control.

Bybit’s card arrival in Europe is a step toward integrating crypto into everyday payments by combining commercial incentives with MiCAR-aligned compliance, and its broader success will depend on transparency in fees, smooth operations and trust in custody and supervisory controls for digital assets to move from niche use to everyday payments.

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