bybit.eu
Bybit EU Card
The bitcoin flow
Source note
Card funded from the Bybit EU account balance; cashback EUR-denominated ("points x 0.002 EUR, converted to your selected cashback currency").
Review
Overview
This is not a real bitcoin card. The Bybit EU Card is a custodial debit card issued by Harmoniie SAS, partnered with Moorwand Ltd, operating on the Mastercard network. It’s available to residents of 29 EEA countries. You fund the card from your Bybit EU account balance, but bitcoin must be converted to fiat or stablecoins first. The timing of when your bitcoin is sold is not documented, breaking the bitcoin flow.
Fees in practice
There is no fee for card issuance or a monthly fee. A 0.5% foreign exchange fee applies on top of Mastercard’s rate when spending in non-EUR currencies. ATM withdrawals incur a 2% fee after the first €100 per month. No top-up, inactivity, or fixed ATM fees are documented. For a $100 non-EUR purchase, you’d pay $100 × 0.5% = $0.50 in FX fees, plus any underlying Mastercard exchange rate spread.
Verdict
Avoid if you want to spend bitcoin without breaking custody or triggering unknown tax events. The Bybit EU Card functions like a standard crypto-to-fiat debit card with no direct bitcoin spending. It may suit EEA users wanting EUR cashback and easy access to spend converted crypto, but it does not preserve your bitcoin flow.
The bitcoin flow
Bitcoin does not load directly onto the card. Instead, you must convert your BTC into EUR or another supported asset within your Bybit EU account before topping up the card. The exact moment your bitcoin is sold - whether at load, at spend, or manually - is not documented, meaning you cannot determine when a taxable event occurs. Spending happens in fiat via Mastercard. There is no Lightning Network funding option. The minimum top-up amount is not documented.
Rewards
The card offers 1% base cashback in EUR, with no monthly cap. VIP tiers offer 2% - 10% cashback, subject to caps, and a subscription benefit offers up to €50 cashback. Rewards are EUR-denominated, not paid in bitcoin or sats. The advertised welcome offer gives up to 110 USDC in the first 30 days. No bitcoin-based rewards are documented.
Custody & risk
Your funds are held in a custodial account by Bybit EU, meaning you rely on their solvency and operational integrity. The card is issued by Harmoniie SAS, partnering with Moorwand Ltd under a Mastercard licence. Bybit EU requires full KYC for EEA residents. No red flags or incidents are documented, and external sources confirm fee details. Data quality is verified, but the undocumented bitcoin sale timing introduces uncertainty about tax treatment and control.
Pros & cons
Pros
Cons
Factsall documented fields
| Card type | Debit · Mastercard · Physical + virtual |
|---|---|
| KYC | Full KYC |
| KYC trigger | Bybit EU account KYC (EEA identity verification) before card application |
| Custody | Custodial |
| BTC load | BTC via in-app conversion |
| BTC sale timing | Not documented |
| Lightning | no |
| Issuance | Free card issuance; no annual fee advertised |
| Monthly fee | none |
| Top-up fee | not documented |
| FX fee | 0.5% |
| ATM fee | 2% |
| Cashback | 1% in EUR (cap: 1% base with no monthly cap; VIP tiers 2%-10% subject to monthly caps; welcome package up to 110 USDC in first 30 days) |
| Regions | EEA |
| Apple Pay | yes |
| Operator | Bybit EU |
Score breakdownoverall n/a/10
FAQ5 questions
Is this a real bitcoin card, and when is my bitcoin sold?
Is KYC required to get the Bybit EU Card?
What fees does the Bybit EU Card charge in practice?
Does the card pay rewards in bitcoin or sats?
Is the Bybit EU Card safe and who holds my funds?
Sources2 fetched & dated
Every claim traces to a source we fetched and dated. Community sources are individual threads, not paid reviews.
- Bybit EU Card - Fees and Limits
Foreign Exchange Fee 0.5% (On top of Mastercard's Foreign Exchange Rate). ATM Withdrawal Fee 2% (after the first 100 EUR monthly).
- Bybit EU Card - official cards page
Earn 1% cashback with no monthly cap. VIPs earn 2%-10% cashback, subject to monthly caps. Your Bybit Card is issued by Harmoniie SAS, partnering with Moorwand Ltd, pursuant to a licence by Mastercard International held by Moorwand Ltd.