BybitBybit
68
Side-by-side card comparison
Bybit 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 (Global) looks stronger for Travel, while Ethena Pay Card comes out ahead for Cashback, Funds control, Lowest fees, and Transfers.
Information checked Sep 1, 202621 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 (Global) 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.
OverallBybit68Ethena Pay86Higher score
CashbackBybit62Ethena Pay89Higher score
TravelBybit76Ethena Pay64Higher score
Funds controlBybit47Ethena Pay86Higher score
Lowest feesBybit64Ethena Pay87Higher score
TransfersBybit78Ethena Pay82Higher score
Choose Bybit Card (Global) if travel matters most
Bybit Card (Global) 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.
- Spend from a Bybit account balance
- Physical and virtual Mastercard access
- Cashback can rise through tiers
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
- Bybit68Ethena Pay86
Ethena Pay Card has the higher Overall Score by 18 points.
- Entry cost & FX
- Bybit$0 plan · 1–7% 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 1–7%).
- Purchase rewards
- Bybit2% base · up to 10%Ethena Pay4% base · up to 5%
Ethena Pay Card has the higher published base cashback rate (4% vs 2%).
- Funds control
- BybitCustodial balanceEthena PayHybrid custody
Bybit Card (Global) 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
- BybitVirtual + Physical · UnknownEthena PayVirtual · Apple Pay
Both cards list the same number of card formats and phone-wallet options.
- Money movement
- Bybit2 stablecoins · Stablecoin transfers; Bybit 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
- 2%-10%
- Plan cost
- $0
- FX fee
- 1–7%
- ATM fee
- 0–2%
- Card formats
- Virtual, Physical
- Wallet payments
- Not disclosed
- 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
Current signup offers
Signup value available today
A welcome offer can improve the value of your first months with a card. Check the eligibility rules, qualifying actions and deadline first. Signup offers are excluded from card scores.
Bybit Card (Global)
Get 10 USDT
10 USDT referral reward after qualifying Bybit Card spend
- Spend more than 100 USDT or equivalent with the Bybit Card.
Bybit Card promo codeEXVJGK
Offer terms can change. Check the current Bybit Card referral programme before applying.
Ethena Pay Card
No active signup offer listed
We do not currently list an active signup offer for this card.
Partner links may earn us a commission. Read our affiliate disclosure for how these links work.
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 (Global)Overall68Ethena Pay CardOverall86
Bybit Card (Global)Overall68Ethena Pay CardOverall86Scores
6 fields- Overall Score
- Bybit Card (Global)68Ethena Pay Card86
- Cashback score
- Bybit Card (Global)62Ethena Pay Card89
- Travel score
- Bybit Card (Global)76Ethena Pay Card64
- Funds control score
- Bybit Card (Global)47Ethena Pay Card86
- Lowest fees score
- Bybit Card (Global)64Ethena Pay Card87
- Transfers score
- Bybit Card (Global)78Ethena Pay Card82
Strengths & trade-offs
2 fields- Strengths
- Bybit Card (Global)Spend from a Bybit account balance, Physical and virtual Mastercard accessEthena Pay CardStrong Standard cashback bands, No Standard monthly fee or FX markup
- Trade-offs
- Bybit Card (Global)Spending follows the Bybit account model, FX can get expensiveEthena Pay CardCard access is still application-gated, One-day payment grace adds liquidation risk
Costs
7 fields- Plan cost
- Bybit Card (Global)$0Ethena Pay Card$0
- FX fee
- Bybit Card (Global)1–7%Ethena Pay Card0% Ethena Pay markup; Visa rate applies
- Top-up fee
- Bybit Card (Global)Not disclosedEthena Pay CardProvider collateral-funding fee unknown; external network gas is separate
- Card spending fee
- Bybit Card (Global)Not disclosedEthena Pay Card0%
- ATM fee
- Bybit Card (Global)0–2%Ethena Pay CardNot available
- Virtual card
- Bybit Card (Global)No fee until further noticeEthena Pay CardUSD 0
- Physical card
- Bybit Card (Global)Free / 5 / 29.99Ethena Pay CardNot disclosed
Plans
2 fields- Available plans
- Bybit Card (Global)6 plans: Base, Beta, Alpha, Apex +2Ethena Pay Card3 plans: Standard, Pro, VIP
- Top cashback plan
- Bybit Card (Global)Infinite: 10%Ethena Pay CardVIP: 5%
Everyday use
8 fields- Network
- Bybit Card (Global)Mastercard/VisaEthena Pay CardVisa
- Card formats
- Bybit Card (Global)Virtual, PhysicalEthena Pay CardVirtual
- ATM withdrawals
- Bybit Card (Global)AvailableEthena Pay CardNot available
- Mobile wallets
- Bybit Card (Global)Not disclosedEthena Pay CardApple Pay
- Apps
- Bybit Card (Global)iOS, AndroidEthena Pay CardiOS, Web
- Daily spending limit
- Bybit Card (Global)$1k Peru · $5k Argentina · $13.5k Australia · $15k Georgia/AIFC · APAC $10k–$100k by tier · 27.5k BRL Brazil · 97k MXN MexicoEthena Pay CardDynamic, based on collateral market value
- Monthly spending limit
- Bybit Card (Global)$5k Peru · $10k Argentina · $27k Australia · $65k Georgia/AIFC · APAC $50k–$350k by tier · 137.5k BRL Brazil · 145k MXN MexicoEthena Pay CardDynamic, based on collateral market value
- ATM limit
- Bybit Card (Global)$50/$1.8k Australia L1/L2 · $10k Georgia/AIFC/APAC T2–T3 · 1.8m ARS Argentina · 27.5k BRL Brazil · 90k MXN Mexico · Peru/APAC T1 unsupportedEthena Pay CardNot available
Funding & transfers
5 fields- Networks
- Bybit Card (Global)Not disclosedEthena Pay CardEthereum, Polygon, Optimism, Arbitrum
- Crypto deposits
- Bybit Card (Global)Other crypto: Supported cryptoEthena Pay CardNot disclosed
- Fiat deposits
- Bybit Card (Global)Bybit account bank depositEthena Pay CardNot disclosed
- Transfers
- Bybit Card (Global)Stablecoin transfers; Bybit account fiat withdrawalEthena Pay CardStablecoin transfers; Ethena Pay user transfer; Bank withdrawal
- Payout currencies
- Bybit Card (Global)Not disclosedEthena Pay CardNot disclosed
Rewards
3 fields- Base cashback
- Bybit Card (Global)2%Ethena Pay Card4%
- Max cashback
- Bybit Card (Global)10%Ethena Pay Card5%
- Reward currency
- Bybit Card (Global)USD-equivalent cashback via convertible Bybit Points (1 point = USD 0.002; Auto Cashback from 50 points)Ethena Pay CardAVAX
Earn
5 fields- Advertised APY
- Bybit Card (Global)Not disclosedEthena Pay CardUp to 6% APY
- How it works
- Bybit Card (Global)Earn on spending balanceEthena Pay CardEarn on spending balance
- Separate deposit
- Bybit Card (Global)Not disclosedEthena Pay CardNo
- Use balance for spending
- Bybit Card (Global)YesEthena Pay CardYes
- Lock-up
- Bybit Card (Global)NoEthena Pay CardNo
Trust & availability
5 fields- Custody
- Bybit Card (Global)CustodialEthena Pay CardHybrid custody
- Control until payment
- Bybit Card (Global)Provider controls fundsEthena Pay CardYou keep control
- Card issuer
- Bybit Card (Global)Fly Wallet Pty Ltd, Winway International Pty Ltd, Vortex Pay, S. de R.L. de C.V.Ethena Pay CardThird National
- Card processing
- Bybit Card (Global)Not disclosedEthena Pay CardSignify Holdings, Inc. d/b/a Rain
- Identity verification
- Bybit Card (Global)Not disclosedEthena Pay CardSumsub
Sources
2 fields- Official sources
- Bybit Card (Global)9Ethena Pay Card12
- Last reviewed
- Bybit Card (Global)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 (Global). Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 1–7%). Ethena Pay Card has the higher published base cashback rate (4% vs 2%).
Bybit Card (Global) 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 (Global) 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 (Global) and Ethena Pay Card reviews first.
Continue with
Bybit Card (Global)
Continue with
Ethena Pay Card
05 · Common questions
Bybit vs Ethena Pay FAQ
Is Bybit 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 or Ethena Pay?
Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 1–7%). 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 or Ethena Pay?
Ethena Pay Card has the higher published base cashback rate (4% vs 2%). Maximum rates may depend on tiers, caps, categories or other conditions, so the entry rate and reward asset matter too.
How do Bybit and Ethena Pay differ on custody?
Bybit Card (Global) 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 vs Ethena Pay comparison?
The latest information check for these two cards was September 1, 2026, using 21 official sources in total. Each full card review lists its own check date, sources and anything the provider has not clearly disclosed.