The short answerFor active Bybit users the card removes a step: balances convert at the point of sale without a separate withdrawal. The prerequisite is keeping money on an exchange that suffered the largest theft in crypto history in February 2025, which is a reason to keep that balance small.
Best forSpending exchange balances in Europe
True all-in costweight 25%
7.5avg 7.3
Issuer stabilityweight 20%
6.0avg 6.6
Coverageweight 20%
6.5avg 6.8
Rewards valueweight 15%
7.0avg 6.5
Custody & termsweight 10%
6.0avg 6.7
Supportweight 10%
6.5avg 6.4
this service category average across 15Score = Σ mark × weight. Usable, but there are better options for most people. Methodology.
| Criterion | Mark | What we found | Source | Checked |
|---|
| True all-in cost | 7.5 | not sourced yet | not sourced yet | — |
| Issuer stability | 6.0 | not sourced yet | not sourced yet | — |
| Coverage | 6.5 | not sourced yet | not sourced yet | — |
| Rewards value | 7.0 | not sourced yet | not sourced yet | — |
| Custody & terms | 6.0 | not sourced yet | not sourced yet | — |
| Support | 6.5 | not sourced yet | not sourced yet | — |
What we liked, and what fell short
Liked- Spends directly from exchange balances with no manual conversion
- Competitive conversion rates and simple cashback
- Straightforward application for eligible users
Fell short- Requires holding balances at an exchange with a major 2025 breach on record
- Availability is limited to selected European markets
Why the marks landed where they did
Exchange-issued cards make sense for people whose assets already sit on the exchange. Bybit's works well: competitive conversion rates, straightforward cashback and quick issuance for eligible users in supported European markets.
What it costs
No monthly fee, with the conversion spread applied at the point of sale. Rates are competitive against the consumer-focused programmes, and as always, spending from a stablecoin balance minimises the cost.
The custody question
Using the card means holding a balance on Bybit. In February 2025 the exchange lost roughly $1.5bn in a cold-wallet compromise — it covered the shortfall in full and kept withdrawals open, which is the best possible response to the worst possible event. It still happened, and a card that requires an exchange balance inherits that exposure.
Availability
Limited to selected European markets, with eligibility rules that change as the exchange's regulatory position evolves. That volatility in availability is itself a consideration.
Who should use it
Active Bybit traders in supported countries who keep working capital there anyway and top the card up as needed. Anyone else is taking on exchange exposure for a convenience they do not need.
FAQ
Does the Bybit Card require an exchange balance?+
Yes. It spends directly from your Bybit account, so using it means keeping funds at the exchange.
Is Bybit safe after the 2025 hack?+
It covered the roughly $1.5bn shortfall in full and kept withdrawals open. The incident is a reason to keep exchange balances small rather than to avoid the venue entirely.
Where is the Bybit Card available?+
Selected European markets, with eligibility varying as the exchange's regulatory position changes.
What does it cost?+
No monthly fee, with a conversion spread applied at the point of sale. Spending stablecoins minimises it.
