Bybit Card
Trader-focused; caps lower effective rates.
- Who holds it
- A licensed crypto-asset custodian holds the assets on your behalf — VARA (Dubai) + regional.
- The ledger
- The custodian’s books, reconciled against on-chain balances.
- If it fails
- Recovery hinges on the custodian’s solvency and how cleanly client assets are segregated.
Derived from Bybit Card’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid |
| HQ | Dubai, AE |
| Founded | 2018 |
| Custody | Custodial |
| Regulation type | VASP / MSB / crypto licenses |
| License detail | VARA (Dubai) + regional |
| Card | MC · Debit |
| Cashback | Up to 10% campaigns |
| Yield | Earn |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | North America, Europe, Latin America, Africa, MENA, Asia, Oceania |
| Founders | Ben Zhou |
| Services | crypto-settled card · virtual cards |
| FX markup | Region-dependent FX on Mastercard rate: EEA 0.5%, AU 1%, BR 1.5%, APAC/MX 2%, AR 7%; +0.9% if crypto-funded (2026-07) · source ↗ |
Verified links: official site ↗
Common questions about Bybit Card
What is Bybit Card?
Bybit Card is a fiat-and-crypto neobank, headquartered in Dubai, AE and founded in 2018. Your money is held custodially, so Bybit Card or its partner bank holds the balance and you hold a claim on it. It holds VASP / MSB / crypto licenses (VARA (Dubai) + regional).
Does Bybit Card have a card, and where can you use it?
It issues a Mastercard debit card. It is available in all 7 world regions tracked here.
Does Bybit Card require KYC?
Yes. Bybit Card requires identity verification (KYC) to open an account, as a vasp / msb / crypto licenses.
What does Bybit Card cost?
From the verified fields: FX abroad — Region-dependent FX on Mastercard rate: EEA 0.5%, AU 1%, BR 1.5%, APAC/MX 2%, AR 7%; +0.9% if crypto-funded (as of 2026-07); cashback Up to 10% campaigns; yield Earn. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Bybit Card before relying on them.
Head-to-head
Peers
Revolut · Cash App · Mercado Pago · Mogo · Venmo · Robinhood
Bybit Card appears in
Neobanks operating under crypto and money-transmitter licenses (25) · Neobanks available in North America (126) · Neobanks available in Europe (144) · Neobanks available in Asia (132) · Neobanks available in Oceania (72) · Neobanks available in Latin America (113) · Neobanks available in Africa (92) · Neobanks available in MENA (85) · Neobanks that issue a Mastercard (150) · Neobanks in UAE (14)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.