Bybit Card enables secure payments using both fiat currency and cryptocurrency. If your fiat balance is insufficient, the system automatically converts your chosen crypto asset to cover the remaining amount. Transactions are declined if neither fiat nor crypto balances meet the minimum requirement.
Key Notes:
– Minimum conversion thresholds: 1 EUR/USD, 5,000 ARS, or 10 BRL.
– Transaction amounts are temporarily frozen in your Funding Account until the merchant finalizes the payment (may take up to 30 days).
– Reversed authorizations release frozen funds back to your available balance.
Transaction Scenarios Explained
Below are practical examples illustrating how Bybit Card processes payments:
| Scenario | Payment Amount | Available Fiat | Available Crypto | Outcome |
|---|---|---|---|---|
| 1 | 500 EUR | 1,000 EUR | 1,000 USDT | Full fiat deduction (500 EUR) |
| 2 | 1,030 EUR | 1,000 EUR | 1,000 USDT | 1,000 EUR + 30 EUR (USDT converted) |
| 3 | 1,260 USD | 1,000 EUR | 1,000 USDT | Fiat + crypto used (forex fee applied) |
| 4 | 20 EUR | 50 USD | 1,000 USDT | USDT converted (base currency mismatch) |
| 5 | 1,260 USD | 0 EUR | 1,000 XRP | Declined (selected crypto asset unavailable) |
Detailed Breakdown
- Sufficient Fiat Balance
- Example: Paying 500 EUR with 1,000 EUR in your Funding Account.
-
Outcome: 500 EUR deducted directly.
-
Partial Crypto Conversion
- Example: 1,030 EUR purchase with only 1,000 EUR available.
-
Outcome: 1,000 EUR + 30 EUR (USDT converted at One-Click Sell Rate + fee).
-
Foreign Currency Transactions
- Example: 1,260 USD purchase with EUR as the base currency.
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Outcome: Fiat converted using Mastercard’s forex rate + fee; remaining balance paid in crypto.
-
Base Currency Mismatch
- Example: 20 EUR purchase with only USD in your Funding Account.
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Outcome: Full amount converted from USDT.
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Incorrect Crypto Selection
- Example: USDT selected but only XRP available.
- Outcome: Transaction declined. Switch payment asset to XRP.
👉 Master crypto payments with Bybit Card
Bybit Card FAQs
1. What happens if my transaction is declined?
Declines occur if both fiat and crypto balances are insufficient or if the selected crypto asset is unavailable. Ensure your Funding Account has adequate funds.