Initially, a free virtual card will be available for internet-based transactions, with physical debit cards slated for release in April 2023. Users’ spending limits would be determined by the cryptocurrency holdings in their Bybit accounts. Bybit users will be able to use physical debit cards for ATM withdrawals and merchant transactions worldwide once they are released.
Bybit card will support several cryptocurrencies
The Bybit debit card will support several popular cryptocurrencies, including BTC, ETH, USDC, and XRP. When payment requests are made, balances in these digital assets will be automatically converted into EUR or GBP based on the user’s country of residence.
According to Ben Zhou, Bybit’s co-founder and CEO, the Bybit Card will enhance the user experience by providing faster, more secure, and easily accessible money management. Zhou claims that Bybit is providing next-level reliability, products, and opportunities while also generating a complete 360-degree journey for their users.
Prior to this announcement, Bybit had made public its decision to cease handling bank transactions in US dollars starting March 10th. According to one of its payment processing collaborators, the suspension of dollar deposits and withdrawals was due to service interruptions.
Due to a number of prominent incidents that have tarnished the industry’s reputation and undermined confidence, Visa and Mastercard have recently scaled back their efforts to establish new partnerships with cryptocurrency companies.
Also Read: Bybit Named to Fortune Crypto 100 as It Accelerates Its Vision for The New Financial Platform
Bybit Card has expanded beyond its initial launch
The Bybit Card is now available across a growing number of markets, although eligibility and features differ by country.
Bybit describes the product as a Mastercard-powered crypto debit card available in both virtual and physical versions. Users can spend supported crypto and fiat balances at merchants that accept Mastercard, with the platform handling the conversion required for the transaction.
In January 2026, Bybit also launched its card in Peru, allowing eligible residents to spend cryptocurrency at Mastercard merchants. The company presented the move as part of its broader expansion of digital-payment services.
Bybit’s current documentation shows that the card is available in selected markets across Europe, Asia-Pacific, Australia, Latin America and other regions, rather than being a globally available product.
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