For to see how to set up read on link: Bybit Mastercard Setup Guide

Introduction

The Bybit Mastercard is a powerful crypto debit card that allows you to spend your digital assets at over 90 million merchants worldwide where Mastercard is accepted. Whether you're paying for coffee or booking a flight, this card bridges the gap between your Bybit Funding Account and the global retail ecosystem.

Step 1: Account Setup & Mandatory Security

·       Registration: Sign up at Bybit.com. New users can often claim welcome bonuses up to $5,050 by completing initial deposit tasks.

·       Security Configuration: You must enable Google Two-Factor Authentication (2FA) and link a verified mobile number. This is required before the card application can be initiated.

Step 2: Identity & Address Verification (KYC)

The Bybit Card has more stringent requirements than basic trading accounts.

·       Level 1 KYC: Submit a valid Passport or National ID and complete the biometric "liveness" face scan.

·       Proof of Address: Residents in specific regions (like the EEA or UK) may need to provide a utility bill or bank statement issued within the last three months to verify eligibility.

·       Approval Time: Most applications are reviewed within minutes, though complex cases can take up to 7 working days.

Step 3: Instant Virtual Card Activation

1.     Navigate to Finance > Card on the top menu.

2.     Click Apply Now and select your country of residence.

3.     Setup Currency: Choose your base fiat currency (EUR, GBP, USD, etc. depending on your region).

4.     Instant Issue: Once approved, your Virtual Card is ready immediately. You can add it to Apple Pay or Google Pay to start spending before your physical card arrives.

Step 4: Ordering and Activating the Physical Card

·       Application: Click the "Apply for Physical Card" banner.

·       Customization: Edit your display name (up to 21 characters).

·       Fee: A small issuance fee (typically 5 EUR/GBP/USDT) is deducted from your account.

·       Activation: Once it arrives (7–14 days), go back to the Card dashboard and click "Activate" to set your 4-digit ATM PIN.

Step 5: Understanding Spending Logic & Fees

·       Funding Priority: You can select up to 3 payment cryptos (Default: USDT > USDC > BTC). You can rearrange this order in the dashboard.

·       Conversion Fees: * Fiat Spending: No fee if you have the matching fiat in your Funding Account.

o   Crypto Conversion: A 0.9% fee is applied when Bybit converts your crypto to fiat for a purchase.

o   Foreign Exchange (FX): A 0.5% to 1% fee applies if you spend in a currency different from your card's base currency.

3. Rewards & Benefits (The "Cashback" Hook)

The Bybit Card loyalty program is tiered based on your monthly spending or VIP status:

·       Tier 1 (Base): 2% Cashback (capped at 5 USDT/month).

·       VIP Levels: Higher tiers (up to Supreme VIP) can unlock up to 10% Cashback (capped at 600 USDT/month).

·       Rebates: Tier 2 users and above often get 100% rebates on subscriptions like Netflix, Spotify, and ChatGPT (paid in Reward Points).