BitMart · Prepaid
BitMart Card review
The BitMart Card is a Visa crypto card (virtual, plastic, and metal Platinum tiers) that converts exchange balances such as USDT to fiat for worldwide Visa spending. It supports a growing list of coins and offers tiered cashback, with no annual fee but a 1.3% transaction fee.
Overview
The BitMart Card is a prepaid Visa card offered by the cryptocurrency exchange BitMart, designed to allow users to spend their digital assets in the real world. It supports a variety of cryptocurrencies, including major coins like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), as well as a range of altcoins such as Solana (SOL), Cardano (ADA), and Ripple (XRP). This card is available in three tiers: Virtual, Plastic, and Platinum, each with distinct features and fees. The card’s primary appeal lies in its cashback rewards and the flexibility to spend multiple cryptocurrencies, but it also comes with certain limitations and costs that users should be aware of.
How it works
The BitMart Card operates on a custodial model, meaning that users’ funds are held by BitMart. To use the card, users must complete a full KYC (Know Your Customer) process, which is a Level 2 requirement. This process is necessary to comply with regulatory standards and prevent fraud. Once verified, users can top up their card with supported cryptocurrencies, which are then converted to fiat currency for spending. The card can be used anywhere Visa is accepted, and it also supports wallet payments through Google Pay, making it convenient for digital wallet users.
One of the standout features of the BitMart Card is its instant virtual card issuance. This allows users to start spending immediately after topping up, without waiting for a physical card to arrive. The physical cards, however, come with an application fee: $70 for the Plastic card and $120 for the Platinum card. These fees are relatively high compared to other crypto cards on the market.
Fees and value
The BitMart Card has a complex fee structure that users need to consider. There is no annual fee for any of the card tiers, which is a significant advantage. However, users will encounter a 1.3% transaction fee on all card transactions, which can add up over time. Additionally, there is a 2% ATM cash withdrawal fee for the Plastic card, which is reduced to 1.5% for the Platinum card. The Virtual card does not support ATM withdrawals, so it is not subject to these fees.
Users can enjoy fee-free ATM withdrawals up to 1000U, but the issuer does not specify what currency or amount this corresponds to, which may cause confusion. The card also charges a 1.3% fee for topping up with cryptocurrencies, which is a common practice among crypto cards but still represents an additional cost.
On the rewards side, the BitMart Card offers attractive cashback rates. New users can earn 4.0% cashback on online shopping in the first month, which decreases to 3.5% thereafter. For grocery and dining purchases, the cashback is even higher: 5.5% in the first month and 5.0% thereafter. These rates are among the highest in the crypto card market, making the card particularly appealing for frequent shoppers and diners.
Who it’s for
The BitMart Card is best suited for users who already have a presence on the BitMart exchange and are comfortable with the custodial nature of the card. It is ideal for those who want to spend their cryptocurrencies directly and take advantage of high cashback rates on specific categories. The instant virtual card is a great option for users who need immediate access to their funds, while the physical cards may appeal to those who prefer traditional card usage.
However, the card may not be suitable for users who are deterred by the high application fees for physical cards or the lack of transparency regarding certain fees and limits. Additionally, the requirement for full KYC may be a barrier for users who prioritize privacy.
For more detailed comparisons, visit our crypto card comparison page. For insights into our rating methodology, check out our how we rate page.
Overall, the BitMart Card offers a compelling mix of features and rewards, but its fees and KYC requirements may be a concern for some users.
Fees & costs
| Fee | Amount |
|---|---|
| Annual / issuance | $0 (all tiers) |
| FX / spend fee | — |
| ATM withdrawal | Plastic card 2% ATM cash withdrawal fee; Platinum card from 1.5%; Virtual card n/a |
| Top-up / load | Card transaction fee 1.3% (all tiers) |
| Staking / lockup | — |
Pros & cons
Pros
- Spends multiple cryptocurrencies via Visa (USDT, BTC, ETH and more)
- No annual fee across all tiers
- High advertised cashback on grocery/dining (up to 5.5%)
- Virtual card issued instantly and addable to Google Pay
Cons
- 1.3% card transaction fee on all tiers
- Application fees for physical cards ($70 Plastic, $120 Platinum)
- Requires KYC Level 2; countries not disclosed on page
Supported crypto
Coins:
Our take
The BitMart Card is a versatile prepaid Visa card with high cashback rates and no annual fee, but it comes with significant transaction fees and KYC requirements.