2023-10-28 13:38:59
It is very easy to use credit cards and debit cards for crypto transactions, however incredible it may seem. When comparing crypto cards and traditional bank cards, there are plenty of advantages listed on the crypto cards page. Moreover, the selection is particularly large, and now we present one, the Bybit card. Bybit is a MasterCard virtual crypto debit card that allows cardholders to easily spend crypto. In addition, they can collect crypto rewards and generate profits with every transaction. Users can use their crypto from Bybit trading and savings to buy or pay. As part of the loyalty program, the more we use, the more extra rewards we can access. This is how you can apply for a ByBit card. It is very important that there is normally no annual fee and virtual card holders do not have to pay for issuance either. However, there is also a crypto conversion rate and a currency conversion fee, 0.9% and 0.5%. Speaking of virtual cards. The Bybit virtual card works exactly like a physical card, with the difference that the latter can be used contactlessly in stores as well. The virtual card is available following registration, but the physical card has a separate process and costs 5 euros. We will definitely receive the physical card within 30 days following the request. Applying for a Bybit card itself is a fairly simple process: 1) First, register an account with Bybit by entering all the necessary data 2) Go to the Finance menu item, then select the Card menu item 3) Here, select the Apply Now button and enter the additional necessary information 4 ) It is important that we also have to identify ourselves in accordance with the KYC requirements – so we have to verify our identity and address. 5) Enter our phone number and e-mail address, as well as our security questions and set up the two-step identification. Actually, the physical card application is already following that, it’s really lightning fast, since you only have to click on the icon requiring a Physical Card and the process is ready to go. You must enter a delivery address, specify a PIN code, and pay the 5-euro fee for the card. The card is currently available for the countries of the European Economic Community, with a few exceptions, but it can also be applied for from Hungary. The physical card can then be used anywhere where MasterCard is accepted or where MasterCard can be used at a machine. ATM withdrawals are subject to a 2% fee for every monthly amount that exceeds EUR 100. Some sales locations may also charge an extra fee for using Bybit.
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