Bybit EUBybit EU
68
Side-by-side card comparison
Bybit EU vs Ethena Pay: overall score versus use-case fit
Ethena Pay Card has the higher Overall Score by 18 points (86 vs 68). Bybit Card (EU) looks stronger for Travel, while Ethena Pay Card comes out ahead for Cashback, Funds control, Lowest fees, and Transfers.
Information checked Sep 1, 202622 official sources reviewed
01 · Overall score versus use-case fit
Ethena Pay Card is the better all-round starting point
Ethena Pay Card has the higher Overall Score in this comparison. Bybit Card (EU) may be the better fit for Travel. A score cannot tell you whether a provider will accept your application or whether every feature will be available where you live, so check the latest provider terms before signing up.
OverallBybit EU68Ethena Pay86Higher score
CashbackBybit EU47Ethena Pay89Higher score
TravelBybit EU87Ethena Pay64Higher score
Funds controlBybit EU51Ethena Pay86Higher score
Lowest feesBybit EU72Ethena Pay87Higher score
TransfersBybit EU79Ethena Pay82Higher score
Choose Bybit Card (EU) if travel matters most
Bybit Card (EU) comes out ahead for Travel in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- Funding Account connects deposits and card spend
- Lite and Standard card access
- Default applicants start at 1% cashback
Choose Ethena Pay Card if cashback and funds control matter most
Ethena Pay Card comes out ahead for Cashback, Funds control, Lowest fees, and Transfers in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- Strong Standard cashback bands
- No Standard monthly fee or FX markup
- Collateral stays in linked wallets
Where each card has the edge
The overall leader does not win every use case, so the reason you want the card matters here.
- Overall Score
- Bybit EU68Ethena Pay86
Ethena Pay Card has the higher Overall Score by 18 points.
- Entry cost & FX
- Bybit EU$0 plan · 0.5% FXEthena Pay$0 plan · 0% Ethena Pay markup; Visa rate applies FX
Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 0.5%).
- Purchase rewards
- Bybit EU1% base · up to 10%Ethena Pay4% base · up to 5%
Ethena Pay Card has the higher published base cashback rate (4% vs 1%).
- Funds control
- Bybit EUCustodial balanceEthena PayHybrid custody
Bybit Card (EU) uses a custodial balance setup, while Ethena Pay Card uses a hybrid custody setup. Neither approach is always better, so choose the level of control you are comfortable with.
- Everyday access
- Bybit EUVirtual + Physical · Apple Pay, Google PayEthena PayVirtual · Apple Pay
Bybit Card (EU) lists more card formats and phone-wallet options (4 vs 2).
- Money movement
- Bybit EU2 stablecoins · Stablecoin transfers; Bybit EU account fiat withdrawalEthena Pay1 stablecoin · Stablecoin transfers; Ethena Pay user transfer; Bank withdrawal
Both cards list the same number of stablecoins and ways to send money out.
02 · Read the shortlist
A closer look at the split decision
Start with the strengths that drive each use-case result, then test them against costs and access.
- Cashback
- 1%-10%
- Plan cost
- $0
- FX fee
- 0.5%
- ATM fee
- 2%
- Card formats
- Virtual, Physical
- Wallet payments
- Apple Pay, Google Pay
- Receive methods
- 1 crypto · 1 fiat
- Payout methods
- 1 crypto · 0 fiat
- Cashback
- 4%-5%
- Plan cost
- $0
- FX fee
- 0% Ethena Pay markup; Visa rate applies
- ATM fee
- Not available
- Card formats
- Virtual
- Wallet payments
- Apple Pay
- Receive methods
- 0 crypto · 0 fiat
- Payout methods
- 1 crypto · 0 fiat
03 · Compare the details
See how the trade-offs line up
Comparable figures receive a marker; missing or unverified details stay visible instead of becoming an assumed advantage.
Best known Not disclosed
CardsBybit Card (EU)Overall68Ethena Pay CardOverall86
Bybit Card (EU)Overall68Ethena Pay CardOverall86Scores
6 fields- Overall Score
- Bybit Card (EU)68Ethena Pay Card86
- Cashback score
- Bybit Card (EU)47Ethena Pay Card89
- Travel score
- Bybit Card (EU)87Ethena Pay Card64
- Funds control score
- Bybit Card (EU)51Ethena Pay Card86
- Lowest fees score
- Bybit Card (EU)72Ethena Pay Card87
- Transfers score
- Bybit Card (EU)79Ethena Pay Card82
Strengths & trade-offs
2 fields- Strengths
- Bybit Card (EU)Funding Account connects deposits and card spend, Lite and Standard card accessEthena Pay CardStrong Standard cashback bands, No Standard monthly fee or FX markup
- Trade-offs
- Bybit Card (EU)ATM use gets costly after the allowance, Spending follows the Bybit EU account modelEthena Pay CardCard access is still application-gated, One-day payment grace adds liquidation risk
Costs
7 fields- Plan cost
- Bybit Card (EU)$0Ethena Pay Card$0
- FX fee
- Bybit Card (EU)0.5%Ethena Pay Card0% Ethena Pay markup; Visa rate applies
- Top-up fee
- Bybit Card (EU)Not disclosedEthena Pay CardProvider collateral-funding fee unknown; external network gas is separate
- Card spending fee
- Bybit Card (EU)Not disclosedEthena Pay Card0%
- ATM fee
- Bybit Card (EU)2%Ethena Pay CardNot available
- Virtual card
- Bybit Card (EU)FreeEthena Pay CardUSD 0
- Physical card
- Bybit Card (EU)First physical card freeEthena Pay CardNot disclosed
Plans
2 fields- Available plans
- Bybit Card (EU)6 plans: Base, VIP 1-2, VIP 3, VIP 4 / PRO 1 +2Ethena Pay Card3 plans: Standard, Pro, VIP
- Top cashback plan
- Bybit Card (EU)VIP 6 / PRO 3-5: 10%Ethena Pay CardVIP: 5%
Everyday use
8 fields- Network
- Bybit Card (EU)MastercardEthena Pay CardVisa
- Card formats
- Bybit Card (EU)Virtual, PhysicalEthena Pay CardVirtual
- ATM withdrawals
- Bybit Card (EU)AvailableEthena Pay CardNot available
- Mobile wallets
- Bybit Card (EU)Apple Pay, Google PayEthena Pay CardApple Pay
- Apps
- Bybit Card (EU)iOS, Android, WebEthena Pay CardiOS, Web
- Daily spending limit
- Bybit Card (EU)€5k / €10k / €15k by tier · Lite €150 lifetimeEthena Pay CardDynamic, based on collateral market value
- Monthly spending limit
- Bybit Card (EU)€10k / €25k / €50k by tier · Lite €150 lifetimeEthena Pay CardDynamic, based on collateral market value
- ATM limit
- Bybit Card (EU)€2k / €5k / €10k by tier · €2k per withdrawal and per dayEthena Pay CardNot available
Funding & transfers
5 fields- Networks
- Bybit Card (EU)Not disclosedEthena Pay CardEthereum, Polygon, Optimism, Arbitrum
- Crypto deposits
- Bybit Card (EU)Other crypto: Supported cryptoEthena Pay CardNot disclosed
- Fiat deposits
- Bybit Card (EU)Bybit EU Funding Account depositEthena Pay CardNot disclosed
- Transfers
- Bybit Card (EU)Stablecoin transfers; Bybit EU account fiat withdrawalEthena Pay CardStablecoin transfers; Ethena Pay user transfer; Bank withdrawal
- Payout currencies
- Bybit Card (EU)Not disclosedEthena Pay CardNot disclosed
Rewards
3 fields- Base cashback
- Bybit Card (EU)1%Ethena Pay Card4%
- Max cashback
- Bybit Card (EU)10%Ethena Pay Card5%
- Reward currency
- Bybit Card (EU)EUR-equivalent cashback via convertible Bybit Points (1 point = EUR 0.002; Auto Cashback from 50 points)Ethena Pay CardAVAX
Earn
5 fields- Advertised APY
- Bybit Card (EU)Up to 8% APYEthena Pay CardUp to 6% APY
- How it works
- Bybit Card (EU)Not disclosedEthena Pay CardEarn on spending balance
- Separate deposit
- Bybit Card (EU)Not disclosedEthena Pay CardNo
- Use balance for spending
- Bybit Card (EU)Not disclosedEthena Pay CardYes
- Lock-up
- Bybit Card (EU)Not disclosedEthena Pay CardNo
Trust & availability
5 fields- Custody
- Bybit Card (EU)CustodialEthena Pay CardHybrid custody
- Control until payment
- Bybit Card (EU)Provider controls fundsEthena Pay CardYou keep control
- Card issuer
- Bybit Card (EU)Harmoniie SAS, Moorwand LtdEthena Pay CardThird National
- Card processing
- Bybit Card (EU)Not disclosedEthena Pay CardSignify Holdings, Inc. d/b/a Rain
- Identity verification
- Bybit Card (EU)Not disclosedEthena Pay CardSumsub
Sources
2 fields- Official sources
- Bybit Card (EU)10Ethena Pay Card12
- Last reviewed
- Bybit Card (EU)Aug 14, 2026Ethena Pay CardSep 1, 2026
04 · The trade-off
Ethena Pay Card is the stronger all-round choice
Ethena Pay Card finishes ahead with an Overall Score of 86 versus 68 for Bybit Card (EU). Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 0.5%). Ethena Pay Card has the higher published base cashback rate (4% vs 1%).
Bybit Card (EU) still comes out ahead for Travel, which may matter more than the overall result if that is how you plan to use the card. Bybit Card (EU) uses a custodial balance setup, while Ethena Pay Card uses a hybrid custody setup. Neither approach is always better, so choose the level of control you are comfortable with.
Both cards list the same number of stablecoins and ways to send money out. Before applying, confirm availability in your country and recheck the provider's current fees and reward conditions.
If one card now looks like the better fit, you can check the latest application terms on the provider site or read our full Bybit Card (EU) and Ethena Pay Card reviews first.
Continue with
Bybit Card (EU)
Continue with
Ethena Pay Card
05 · Common questions
Bybit EU vs Ethena Pay FAQ
Is Bybit EU or Ethena Pay better overall?
Ethena Pay Card has the higher Overall Score (86 vs 68). That does not make it better for everyone: your preferred fees, rewards, way of holding funds and country availability can change the practical choice.
Which has lower fees, Bybit EU or Ethena Pay?
Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 0.5%). Compare plan, FX, card-spend, top-up and ATM charges separately because one fee does not represent the full cost.
Which has better cashback, Bybit EU or Ethena Pay?
Ethena Pay Card has the higher published base cashback rate (4% vs 1%). Maximum rates may depend on tiers, caps, categories or other conditions, so the entry rate and reward asset matter too.
How do Bybit EU and Ethena Pay differ on custody?
Bybit Card (EU) uses a custodial balance setup, while Ethena Pay Card uses a hybrid custody setup. Neither approach is always better, so choose the level of control you are comfortable with.
How current is this Bybit EU vs Ethena Pay comparison?
The latest information check for these two cards was September 1, 2026, using 22 official sources in total. Each full card review lists its own check date, sources and anything the provider has not clearly disclosed.