TL;DR
- Bybit launches its debit card in Europe, allowing users to spend cryptocurrencies at any merchant that accepts Mastercard or digital payments.
- New users receive 20% cashback in September, a €5 bonus for their first transaction, and benefits on subscriptions and lifestyle services.
- The card allows ATM withdrawals and the use of crypto as collateral in DeFi.
Bybit launched its debit card across the entire European Economic Area, giving users the ability to spend cryptocurrencies at merchants connected to the Mastercard network and through Apple Pay or Google Pay. The card supports BTC, USDC, and other cryptocurrencies, and allows ATM withdrawals, fully integrated within the European MiCAR regulatory framework.
Bybit Card Benefits
The company aims to make everyday use of digital assets easier by combining the accessibility of traditional payments with the flexibility of cryptocurrencies. To encourage adoption, Bybit offers new customers 20% cashback in September when depositing at least $100 in crypto.
The promotion also includes a €5 bonus for the first transaction and referral rewards. Beyond the initial campaign, the card provides discounts on subscriptions like Netflix and Spotify, seasonal travel and lifestyle benefits, and carries no annual fees.
Bybit already has over two million cards in circulation globally. Expanding into the European market allows the company to take advantage of clearer regulations and strong institutional and retail interest in crypto. The card is designed to offer security and practicality by combining Mastercard’s payment infrastructure with mechanisms that allow users to manage their cryptocurrencies instantly.
Integrating Crypto with Traditional Financial Services
Integration with Apple Pay and Google Pay provides essential tools for users seeking simple digital payments, while ATM withdrawals offer additional flexibility for different use cases. The card also enables cryptocurrencies to be used as collateral within decentralized finance protocols.
Mazurka Zeng, CEO of Bybit EU, highlighted that the crypto industry is experiencing rapid acceleration, driven by regulatory clarity and explosive adoption across sectors. The exchange aims to deliver financial products that integrate crypto assets with traditional services, allowing users to access a wide range of benefits, manage daily payments, and participate in rewards programs efficiently.
With this initiative, Bybit seeks to strengthen its presence in Europe, providing users with tools that combine the convenience of conventional banking with the innovation of the crypto ecosystem, while establishing a foundation for future financial products and services
