Key Takeaways
- Recessions are typically defined by two consecutive quarters of negative GDP growth alongside widespread economic downturns.
- They can be caused by financial crises, consumer confidence declines, or sudden economic shocks.
- A particularly difficult situation arises with stagflation, when high inflation occurs alongside falling economic activity.
- Even more severe are depressions, which last longer and bring sweeping global consequences.
Introduction
Bybit’s rise as one of the most prominent crypto exchanges worldwide has been nothing short of impressive. Since its launch in 2018, the platform has expanded at a remarkable pace, now ranking as the second-largest crypto trading exchange by volume. Beyond offering a wide range of trading products, Bybit has consistently pushed toward bridging the gap between traditional finance and digital assets, aiming to make cryptocurrency genuinely practical for everyday use. With its MiCAR license secured in Europe and a growing international footprint, Bybit is no longer just about trading. The Bybit Card has become a central part of its effort to expand into real-world financial applications.
What is the Bybit Card?
The Bybit Card is a crypto-linked debit card that makes it possible to spend digital assets as easily as everyday money. It supports major cryptocurrencies, including Bitcoin, Ethereum, XRP, USDC, TON, and MNT. When making payments, the card automatically converts your selected cryptocurrency into fiat currency, functioning in the same way as a conventional debit card.
The card can be used anywhere Mastercard is accepted, and it also allows spending directly from fiat balances if preferred. Compatibility with popular digital wallets such as Google Pay, Apple Pay, and Samsung Pay ensures seamless integration into existing payment routines. In practice, this means the Bybit Card is designed for smooth, efficient use of crypto in day-to-day life.
Why Choose the Bybit Card?
Crypto debit cards are not a new concept, and several exchanges already provide them. Bybit differentiates its offering by creating a product that mirrors the familiarity of a traditional bank card while integrating crypto functionality.
Cardholders have the option to pay in euros directly or allow the system to convert crypto automatically at the point of purchase, eliminating the need to pre-sell digital assets. Switching between fiat and crypto balances is straightforward, which makes the card equally useful for both local transactions and international travel.
Approval is quick, and once granted, users gain access to a virtual card instantly. This card can be immediately added to mobile wallets like Google Pay, meaning you can begin spending right away. Bybit’s compliance with MiCAR regulations in Europe also provides a level of assurance and security that many competitors still lack, making it both practical and reliable.
Key Benefits for Cardholders
Bybit has introduced a package of features designed to attract both newcomers to crypto and seasoned users. Virtual cards are issued instantly and physical cards are shipped worldwide via DHL without cost. There are no annual or inactivity fees, ensuring balances are not eroded by hidden charges.
Cashback rewards range from 2 percent to 10 percent, depending on the user’s tier or VIP status, with payouts available in BTC, USDT, USDC, or AVAX. VIP members can also claim full rebates on subscriptions to services like Netflix, Spotify, Amazon Prime, ChatGPT, and TradingView. The card includes ATM access with up to €100 in free withdrawals each month, after which a 2 percent fee applies. Idle funds can be placed in Bybit Earn to generate returns of up to 8 percent APY.
This mix of utility and rewards positions the Bybit Card as a strong contender not only among crypto cards but also when compared with traditional banking products.
Quick Look at Fees
Foreign exchange fees are around 0.5 percent when paying in non-euro currencies within the EEA. Crypto-to-fiat conversion at checkout carries a 0.9 percent fee. ATM withdrawals are free up to €100 per month, with a 2 percent charge applying thereafter. There are no annual, monthly, or inactivity fees, and physical card delivery is free via DHL, though small print delivery charges may sometimes apply but are usually waived.
Recent Milestones and Global Expansion
The Bybit Card represents more than just a European venture, as it forms part of a broader international rollout. More than 2 million cards have already been issued globally, and the program has expanded into regions such as Brazil, Argentina, and Mexico. Europe was the natural next step, with MiCAR compliance ensuring a standardized regulatory framework across the EEA.
Bybit has also begun tying the card to event-based benefits that connect financial tools to cultural experiences. A key example is its partnership with Tomorrowland Brasil 2025. Cardholders in Brazil can receive up to 30 percent cashback on festival tickets, while global users can secure up to 20 percent. Additional benefits include 20 percent cashback on official merchandise, food, and beverages at the festival. To mark the event, Bybit even released a limited-edition Tomorrowland virtual card design for new sign-ups during the campaign.
This approach illustrates how Bybit is positioning the card not only as a payment solution but also as a lifestyle product aligned with music, travel, and cultural experiences.
Launch Promotions in Europe: 20% Cashback
Between September 3 and October 3, 2025, European cardholders can take part in a launch campaign offering 20 percent cashback, credited in USDC. The program comes with category caps and uses merchant category codes to prevent misuse. A referral program is also in place, with existing users able to earn an additional 5 USDC bonus for bringing in friends.
Why the Bybit Card Stands Out
Many crypto debit cards stop at offering basic spending functions, but Bybit adds several layers of value. Cashback can be redeemed in four cryptocurrencies rather than being locked to one. The referral program rewards both parties, with 20 USDT going to the referrer and 10 USDT to the new user. VIP members enjoy 100 percent rebates on subscriptions to popular services like Netflix, Spotify, Amazon Prime, ChatGPT, and TradingView. Event-specific benefits, such as those tied to Tomorrowland Brasil, add unique lifestyle perks, while the absence of annual fees, instant issuance of virtual cards, and worldwide merchant acceptance establish it as a leading competitor in the market.
From Sign-Up to First Spend
The Bybit Card is available to residents of the European Economic Area, though certain countries such as Croatia and Ireland are excluded. Applicants must be at least 18 years old and complete KYC verification, which requires proof of identity and address.
The process begins with creating a Bybit EU account, which takes only a few minutes. Once registered, identity verification is required. Afterward, users must fund their accounts with at least €100 in either fiat currency or supported cryptocurrencies such as BTC, ETH, XRP, USDC, TON, or MNT. A virtual card is issued immediately, ready to be linked to Apple Pay, Google Pay, or Samsung Pay. Physical cards are delivered free via DHL and can be managed within the Bybit app, which allows for freezing and unfreezing with a single tap.
From the first transaction, rewards begin to accumulate, whether through standard cashback tiers, promotional campaigns in Europe, or VIP rebate systems.
Conclusion
The Bybit Card extends Bybit’s vision of making cryptocurrency genuinely usable in everyday life. It is free to obtain, compatible with both fiat and crypto, and offers generous cashback incentives. MiCAR approval strengthens its trustworthiness in Europe, while unique initiatives like the Tomorrowland partnership demonstrate how Bybit is rethinking what a crypto card can be.
For anyone considering a crypto debit card, the Bybit Card presents itself as a compelling choice that combines practicality, rewards, and lifestyle integration.
Frequently Asked Questions
Who can apply for the Bybit Card?
The card is currently available to residents of the European Economic Area, with some exceptions such as Croatia and Ireland. Applicants must be over 18 and complete KYC verification by submitting proof of identity and address. Approval is usually fast, and most users gain access to a virtual card within minutes, allowing them to start making payments immediately through online channels or mobile wallets.
Are there any fees for using the Bybit Card?
There are no annual, monthly, or inactivity fees. Foreign exchange fees average 0.5 percent when spending in non-euro currencies, and crypto-to-fiat conversion costs 0.9 percent. ATM withdrawals are free for up to €100 per month, after which a 2 percent fee applies.
What spending and withdrawal limits apply to the card?
At the basic tier, daily spending limits are approximately €5,000, with higher tiers reaching up to €15,000. ATM withdrawals are capped at around €2,000 per day within the EEA. New users can start with a Virtual Card Lite that carries a €150 lifetime spending limit before upgrading.
How is the Bybit Card regulated and secured?
In Europe, the card operates under MiCAR compliance, which ensures a regulatory framework that is not yet available to many competitors. Security measures include two-factor authentication, the ability to freeze or unfreeze cards instantly, and continuous fraud monitoring. This combination of regulatory oversight and security features makes the card well-suited for daily financial activity.