BitMart Card Review

BitMart Card & Crypto Prepaid Card Review: A Quick Overview

Though I titled this article “BitMart Card Review”, I’m also going to talk about the Prepaid Card alongside it. After all, BitMart introduced both with the same goal: to make crypto part of your everyday life by turning it into something you can use for regular payment.

Of course, both cards differ in how they function and what they’re meant for. But before I break down what is BitMart Card and how it compares to the prepaid version, here’s an overview table for a quick glance:

Table: A quick overview of BitMart Card & BitMart Crypto Prepaid Card

When it comes to card type, the company claims that the BitMart Card is a credit card. However, it is not a traditional credit card. To use it, you must still have a sufficient crypto balance in your BitMart account. Otherwise, you will not be able to make payments successfully.

It actually works more like a debit-style crypto card. You can think of it as using a "BitMart Visa Card" or "BitMart Debit Card" to pay for groceries, shop online, or even withdraw cash from ATMs. And the neat part is that you don’t need to bother to convert your crypto into fiat first. Simply swipe your card, and your crypto instantly converts to fiat at checkout.

That said, you can take advantage of the platform’s Crypto Loans feature to borrow some funds and use them for purchases through your card, basically turning it into a more "traditional" BitMart credit card.

BitMart Crypto Prepaid Card, on the other hand, operates more like a virtual reloadable payment card. It doesn’t draw funds from your Spot Account; instead, you need to top it up manually by selling your crypto.

You can use the card nearly everywhere Visa/Mastercard is accepted. However, since its usage depends on Merchant Category Codes (MCC), some merchants might not support payments with it.

Who’s BitMart Card For?

Both BitMart Card and Crypto Prepaid Card were designed to make cryptocurrency more usable in everyday life. Still, I feel that purpose is especially relevant for those who don’t have easy access to traditional banking or cross-border payment options, where crypto can step in as an alternative.^[2]

Though they’re built around the same purpose, they still work in slightly different ways. That’s why I think each one fits certain users better than others.

As for the BitMart Card, I’d say it’s more suited for individuals who fall into the following groups:

• Everyday spenders. If you’re someone who uses your debit card often for daily spending (like food, shopping, or dining out), BitMart Card lets you pay right from your crypto holdings without needing to convert them first.
• Cross-border workers. People working abroad can also take advantage of BitMart Card’s features. Instead of waiting for wire transfers, you can receive your pay in crypto assets and spend it directly wherever Visa is accepted.
• Crypto travelers. With zero exchange fees on crypto conversions, this card fits anyone who enjoys hopping between borders. From reserving hotels to paying for dinner, it allows you to pay seamlessly across multiple countries.

On the other hand, I think the Prepaid Card is better suited for:

• Online shoppers. Regularly buy goods or services from e-commerce sites? The prepaid card can be a neat alternative for easy digital payments, with micro-spend control if you’re worried about overspending.
• Subscription payers. You may find the prepaid card quite handy for managing recurring payments like streaming services, software tools, or online memberships. You can also create separate cards for each service to keep things organized.
• Web3 workers. If you don’t want to deal with delays or high conversion fees when cashing out your crypto income through banks, the prepaid card can be a good option. It lets you convert your crypto earnings into a spendable balance for daily necessities.

Of course, I’m not trying to say these categories are exclusive to those specific types of users. In fact, both cards share a lot of overlap in real-world use.

For instance, a frequent traveler could still choose the prepaid card to manage online payments more efficiently. The same goes for Web3 workers, who might lean toward the BitMart Debit Card to access and spend their earnings directly from the spot account.

And of course, nothing’s stopping you from using both. Just make sure you’re comfortable managing them and covering any potential fees that may apply.

📚 Check Out: BitMart Fees

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Advantages

After spending some time looking into both products, I spotted a few shared features worth noting. Here are the main ones I came across while putting together my BitMart Card review:

• Global compatibility and utility;
• BitMart ecosystem integration;
• Safe to use;
• No staking requirement;
• User-friendly experience.

With Visa and Mastercard networks behind them, both the BitMart Card and the Prepaid Card are accepted by millions of merchants worldwide. You can shop in-store, online, or abroad with instant crypto-to-fiat conversion. This well-integrated setup makes it an appealing option for people without bank accounts who still need access to global payments.

As the cards are linked to the BitMart exchange, they integrate smoothly into the platform experience. In addition to benefiting from the platform’s security, you can easily manage your balance through its easy-to-use interface. Who knows, you might get lucky on your trade and decide to use the gains for a small shopping spree.

Both cards also follow BitMart’s standard verification system, with KYC requirements depending on which one you apply for. Alongside Visa and Mastercard protections and in-app security tools such as PIN protection, 2FA, and alerts, they provide an extra layer of safety for daily transactions.

Another plus is that the card promotes a “no-staking model”. It means you don’t need to lock up a certain amount of tokens to enjoy rewards or higher-tier benefits. I think it’s a significant advantage for users who value flexibility and prefer to keep their funds free.

Speaking of being flexible, the cards are pretty simple to use. Sure, you’ll need a bit of crypto know-how to connect your spot account and handle conversions, but otherwise, it’s just like using a regular credit or debit card.

Just to note, I didn’t include the detailed perks that each card offers, such as cashback, free withdrawal, or reward programs, in this section. I’ll get into those shortly.

Limitations

As good as both card offers are, I did find one thing you should know about:

• Regional limitations (including the US)

While one of the goals of both cards is to make cross-border payments easy, it’s unfortunate that not everyone will be able to use them. This restriction mostly comes as a result of complying with global financial laws and regulations.^[3]

BitMart Card, in particular, has stricter verification requirements. It follows the compliance rules set by organizations such as OFAC, the FATF, and the United Nations.

Because of that, it can’t be issued in many countries, including the United States, the United Kingdom, India, Japan, and Indonesia, and parts of Africa and the Middle East.

The Prepaid Card is easier to get since it only requires the first level of verification. But it’s still unavailable in a few regions, and once again, the US is one of them.

📚 Check Out: Best US Crypto Exchange

Rewards & Perks

As I’ve briefly mentioned, aside from the shared advantages of using both cards in your daily life, each one also comes with its own set of benefits. From cashback vouchers to interest earnings, they each cater to slightly different types of spenders.

BitMart Card

If you’re planning to apply for the BitMart Card, here are the benefits you can get:

• Cashback rewards. You can earn up to 3% back on your spending, based on your VIP level, credited automatically in USDT.
• ATM fee-free withdrawals. You can take out up to $1,000 per month (based on your VIP tier) at Visa-supported ATMs without paying the standard fee.

• Bonus vouchers. Every now and then, you can grab special vouchers that offer perks like higher cashback rates or zero transaction fees when using the card.
• Exclusive VIP perks. Depending on your VIP level, you may receive extra benefits such as IEO fee reductions, flash-purchase bonuses, and BMX airdrop rewards.

As you’ve probably noticed, most of the perks you get are tied to your BitMart VIP level. The higher your level, the better the bonuses.

BitMart Crypto Prepaid Card

Now, if you prefer the reloadable version, the Prepaid Card comes with these perks you might find useful:

• Cashback on online spending. BitMart Crypto Prepaid Card rewards you with 10% cashback during your first month of spending.
• Interest on idle balance. You can earn up to 6% yield from the idle funds in your account. These rates can go even higher during limited-time promos.

• Flexible card management. You can create and manage up to 20 virtual cards at once, each with a $100,000 balance limit.
• Zero cross-border fees. If you’re traveling or shopping abroad, you won’t be charged extra for overseas payments.

Looking at these perks, I’d say the BitMart Prepaid Card is worth it for everyday spending, especially if most of your shopping happens online.

Fees & Limits

Now, let’s get into one of the key aspects you’re probably most curious about in my BitMart Card review: fees and limits. Since both cards are structured quite differently, they come with distinct pricing and spending limits.

BitMart Card

First off, here’s a look at how the BitMart Card fees and limits work:

Table: BitMart Card fees & limits

BitMart Card pricing is quite generous compared to other alternatives in the market. For starters, there are no annual, inactivity, or cancellation fees to worry about.

That said, it’s worth noting that your VIP level plays a big role in determining not just the perks you get but also some of the fees and limits.

For instance, your ATM withdrawals are free up to a certain monthly amount depending on your VIP tier, and once you pass that limit, the standard 2% fee applies. The same goes for the application fee and monthly transaction limit, which both scale with your level.

BitMart Crypto Prepaid Card

I find the prepaid card pricing is a little more straightforward, as your VIP tier doesn’t influence it. That said, it does have lower spending caps and a few different rules than the regular BitMart Debit Card pricing setup.

Table: BitMart Crypto Prepaid Card fees & limits

Note that your card balance can’t be withdrawn or swapped back into crypto. Everything you top up is meant for spending.

Regional Availability

Both cards are accepted by millions of merchants worldwide and can be used in most countries where Visa or Mastercard payments are supported. That said, BitMart must comply with international financial and sanction regulations, which means users in certain regions won’t be able to get the cards.

The Crypto Prepaid Card, which only requires Level 1 verification, is available to a much wider audience. Most regions can access it without issue, except for a few restricted countries such as the United States, the United Kingdom, the Netherlands, Cuba, and Iran.

The BitMart Card, on the other hand, comes with stricter requirements and is available only to users who’ve completed Level 2 verification. Because it operates on the Visa network and follows additional compliance rules, its list of restricted regions is longer.

Check BitMart’s verification guide to see if your country is supported before applying.

📚 Related Article: How to Use the BitMart Exchange

Security & Customer Support

Security always comes first with payment products. So here comes the big question: are BitMart Card and Crypto Prepaid Card safe to use? I’d say yes to that.

Of course, there’s no perfect formula for security, and personal responsibility matters just as much. Still, BitMart does provide solid features to help keep your accounts and transactions safe.

To start with, both cards require identity verification before you can apply. While this might feel a bit tedious, it shows that both operate under regulated payment networks that handle crypto-to-fiat conversions in line with standard compliance rules.

On the technical side, the cards come with useful security features like card freezing, PIN management, and mandatory verification for each payment you make.

And should the worst happen (your physical card getting stolen or your account being hacked), you can reach BitMart support through email, a help ticket, or live chat for assistance.

User Experience

It wouldn’t feel right wrapping up my BitMart Card review without actually sharing my experience. And after trying both cards for a bit, I’d say they’re promising tools for integrating crypto into everyday spending.

My journey started with the card application process. There’s not much to comment on since it’s pretty straightforward and similar to applying for any digital card these days.

If you haven’t created an account or finished your KYC yet, your experience might be different. But don’t worry, it’s not a tough process. The interface is simple to navigate, and there’s a handy self-help guide on the website to walk you through it.

Once my application was completed, the card details appeared on my dashboard. From there, it’s easy to check your balance, track transactions, adjust settings, or freeze the card if things ever go sideways (hopefully I won’t have to do that).

Using the BitMart Crypto Prepaid Card feels no different from paying with any digital payment app. Simply head to the payment platform you’re using, add your card number, expiry date, and CVV, and it’s ready to go. You can use it for all kinds of digital payments, from travel and shopping to streaming and food delivery.

In the same way, BitMart Card works as a Visa debit card would. The virtual version handles online shopping easily, and the physical card is accepted in stores and at millions of merchants around the world.

Overall, I like the experience of using both. They’re convenient, easy to understand, and make crypto feel real in everyday life.

How to Get a BitMart Card

Interested in applying after reading my BitMart Card review? Awesome! The application process is pretty easy, though you’ll need to have a verified BitMart account matching the card you intend to apply for:

• Level 1 KYC is required for the BitMart Crypto Prepaid Card
• Level 2 KYC is required for the BitMart Card

After your account’s verified, follow along with my guide below for either the debit-style BitMart Card or the reloadable Crypto Prepaid Card. I’ll be showing it on the website version, but the steps are nearly identical on the mobile app.

How to Apply for the BitMart Crypto Prepaid Card

If you’re interested in the reloadable version of the card, follow this step-by-step guide to get started:

Whenever you make a purchase, simply select your BitMart Crypto Prepaid Card as the payment method. The amount will be automatically deducted from your card balance in real time.

How to Apply for the BitMart Card

To get your hands on the BitMart Debit Card, here’s what you need to do:

• Virtual Card: instantly activated for online use.
• Plastic Card: a physical Visa card for both online and in-store purchases.
• Metal Card: a premium choice designed for high-volume users.

Applying for a physical card will automatically activate a virtual version. Once you’re sure of your selection, click [Apply now] to continue.

You’re all set to use your BitMart Visa Card for online and offline payment. Before you start, I’d suggest taking another quick look at BitMart Card fees to avoid any surprises later.

Conclusions

I think my BitMart Card review shows that even with all the evolution crypto has gone through, its true purpose hasn’t changed since Bitcoin Pizza Day – to be a practical means of everyday payment. And the two cards I’ve talked about are proof of that idea in practice.

Both the Prepaid Card and the BitMart Card show that digital assets can be easy (and even rewarding) to use in day-to-day spending. With Visa and Mastercard support, they’re accepted at millions of merchants worldwide, making borderless payments seamless even for people without traditional bank access.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Chen F., Yu D., Sun Z.: ‘Investigating the Associations of Consumer Financial Knowledge and Financial Behaviors of Credit Card Use’;

2. Rella L.: ‘Blockchain Technologies and Remittances: From Financial Inclusion to Correspondent Banking’;

3. Yadav Y.: ‘Toward Crypto-Exchange Oversight’.