The details of fees and spending limits associated with Bybit Card are as follows:

 

 

• Fees
  • Case Study 1 – Foreign Exchange Fee
  • Case Study 2 – Crypto Conversion Fee
• Tier Spending Limits

 

 

 

 

Fees

 

 

Notes:

— Foreign exchange (FX) Fee applies to transactions that are performed in a currency other than the currency your card is denominated in. For example, a Bybit Card is denominated in EUR for USD transactions. For details of Bybit EU's foreign exchange rates and fees, please refer to the Exchange Rate Information.

— The ECB Reference Rate is updated every Monday to Friday at 3 PM UTC while Master Card Reference Rate is updated daily at 6:30 PM UTC.

— Crypto Conversion Fee applies to all transactions funded with non-fiat assets in your Bybit  Funding Account.​ 

— **No fee is required for the issuance of Bybit Card until further notice.

 

 

 

Case Study 1 – Foreign Exchange Fee

Trader A makes a transaction of 69.80 SGD using his Bybit Card denominated in EUR. 

 

Assuming that the Mastercard Exchange Rate is 1 EUR ≈ 1.41571000 SGD and the foreign exchange fee rate is 0.5%, the total transaction amount is calculated as follows:

 

Transaction Amount: 69.80/1.41571000 = 49.3 EUR

Foreign Exchange Fee = 49.3 EUR × 0.5% = 0.2 EUR

Total Transaction Amount = 49.3 + 0.2 = 49.5 EUR

 

In this case, 49.5 EUR will be deducted from Trader A's Funding Account.

 

Note: You may notice that the authorized amount is slightly higher than the actual transaction amount. This is due to the fx padding that may be applied when freezing your funds for authorization to accommodate changes in the exchange rate when the merchant completes the transaction. Any excess amount will be refunded to your Funding Account’s Available Balance.

 

 

 

Case Study 2 – Crypto Conversion Fee

Trader B makes a transaction of 100 EUR and only has USDC in his Funding Account. 

 

Supposing Bybit’s One-Click Sell Exchange Rate is 1 USDC ≈ 0.93167 EUR and the crypto conversion fee rate is 0.9%, the total number of Crypto for payment is calculated as follows:

 

Transaction Amount: 100/0.93167 = 107.33 USDC

Crypto Conversion Fee = 107.334 USDC × 0.9% = 0.97 USDC

Total Transaction Amount = 107.33 + 0.97 = 108.3 USDC

 

In this case, 108.3 USDC will be deducted from Trader B's Funding Account.

 

 

 

 

 

Tier Spending Limits

Please note that the Virtual Card Lite will be subjected to a Lifetime Spending Limit of 150 EUR while the Virtual Bybit Card will have the following Spending Limits.​​

 

For example, Trader E (owns a virtual card) and Trader F (owns a virtual card lite) have 1,000 EUR in their Funding Account and they spend 100 EUR using the card. Trader E can use the remaining balance (900 EUR) with his virtual card, while Trader F can use the remaining balance (50 EUR) with Virtual Card Lite due to the lifetime spending limit of its card. 

 

 

Notes: 

— You can apply for a limit increase by going to Card Dashboard → Check Limit → Request an Upgrade. Please note that if you applied for the Bybit card as a non-VIP user, you can only upgrade your limit from Tier 1 to Tier 2. If you applied as a VIP user, you can upgrade your limit from Tier 2 to Tier 3. Once you submit your request, the review process may take up to 7 business days. After submitting, please keep an eye on your email from compliance@bybit.eu   

—  Users with ongoing requests cannot request a limit upgrade.

 

 

 

 

Disclaimer:

— Bybit reserves the right to introduce or amend the Fees and Limits according to market conditions.

— The Case Studies above may use different rates for illustrative purposes. Please refer to this table for the effective rates applicable to your Bybit Card.