Bitget Card: Unlocking the World of Crypto
Since the release of Bitcoin's whitepaper, cryptocurrencies have been a revolutionary force in the financial realm, challenging traditional notions of money and transactions. Their decentralized nature, security, and potential for growth have captured the imagination of investors and enthusiasts worldwide. However, despite the rapid adoption of cryptocurrencies, a significant gap remains between the crypto realm and everyday spending.
This gap stems from the fact that most merchants still do not accept cryptocurrencies directly. As a result, crypto users often face the inconvenience and expense of converting their crypto to fiat currency before making purchases. This process, known as "off-ramping," can be time-consuming, costly, and complex, especially for those new to the world of crypto.
Crypto Cards: A New Era of Financial Freedom
Enter crypto cards, a brainchild of the fintech revolution: payment cards that allow users to directly spend their cryptocurrencies without the hassle of converting them to fiat currency. These cards offer a plethora of advantages, including:
● Convenience: Crypto cards eliminate the need for manual transactions and conversions, saving users time and transaction fees.
● Security: Crypto cards employ robust security measures to safeguard users' funds, ensuring peace of mind during transactions.
● Rewards: Many crypto cards offer rewards programs that incentivize users with cashback or other benefits for using their cards.
The Ultimate Crypto Spending Solution
With these rewards and many more exclusive ones, Bitget Card offers an innovative solution to crypto spending. Partnered with Visa, Bitget Card provides:
● Worldwide Acceptance: As a Visa Platinum card, you can use your Bitget Card anywhere Visa is accepted - over 50 million merchants across over 180 countries.
● Instant Transaction: No top-up or pre-load required. Settle all payments in real-time with your crypto balance. You will get all your card details before your physical card arrives and enjoy lightning-fast crypto payments in no time.
● Ultra-high USD Spending Limit: As a USD-denominated card, currency exchange fees are minimal when using your Bitget Card. You can also customize your spending limit anywhere between $0 to $1 million per month. Just remember to keep enough crypto in your account balance.
● Cashback in BGB (Coming Soon): Missed BGB's skyrocketing performance this year? You can earn up to 8% cashback in BGB whenever you pay with your Bitget Card.
Bitget Card Fee Schedule and Spending Limits
The Bitget Card charges no issuance fee for the first card, no annual fee, and at the same time offers competitive crypto conversion and foreign transaction fees.
1. Fees
● Annual Fee: None
● First Card Issuance Fee: None
● Card Re-issuance/Replacement Fee: Virtual Card: $10 | Premium Card: $59 | Black Card: $199
● Transaction fee: 0.9%. The Bitget Card supports direct spending of USDT from holders' Bitget funding account, but as the Bitget Card operates in USD, this fee is applied to each transaction during the currency conversion process.
● Additional authorisation hold: 20% of the transaction value. This extra amount act as a security measure for potential fees or charges and will be released back to card holder's account once the transaction is completed.
● Inactivity Fee: $1 per month of handling fee after 12 months of no card transactions initiated by the card holder. The fee stops once the cardholder resumes transactions, and the 12-month inactivity period will also be reset.
● Card Cancellation Fee: None
● ATM Withdrawal Fee: $0.65 + 2% of transaction volume
● ATM Withdrawal Limit: Daily: $2,000 | Monthly: $10,000
● ATM Withdrawal Frequency: Daily: 3 times | Monthly: 30 times
● Chargeback Investigation: 50 USDT
Note: ATM withdrawals are unavailable in North Korea, Iran, and Myanmar.
2. Spending Limits
|
|
Monthly Spending Limit |
Spending Limit per Transaction |
| Card Level 1 |
$300,000 |
$10,000 |
| Card Level 2 |
$500,000 |
$100,000 |
| Card Level 3 |
$1,500,000 |
$500,000 |
| Card Level 4 |
$3,000,000 |
N/A |
3. Examples of Using Bitget Card In Your Every-Day Transactions
Below are some examples of how to incorporate Bitget Card into your daily life. Please note that:
● when using the Bitget Card, which enables direct spending of USDT from your Bitget funding account, every transaction will result in a 0.9% crypto conversion fee.
● you might notice that there's a frozen amount of 20% higher than the actual transaction amount. This extra 20% acts as a security measure to guarantee that there are enough funds to cover any potential fees or charges that may come up during the transaction. Once the transaction is completed, the frozen amount will be returned automatically. The unfreezing process usually occurs as soon as the transaction is cleared, but it may take some time to be reflected in your Bitget Card balance due to Visa and/or bank processing.
Case 1: USD Transaction
● Transaction Amount: $1,000
● Crypto Conversion Fee: 0.9%
● Calculation: Crypto conversion fee = $1,000 x 0.9% = $9
● Total fee is then $9
Case 2: Non-USD Transaction
● Transaction Amount: $1,000 worth of Euros
● Crypto Conversion Fee: 0.9%
● Foreign Transaction Fee: 0.5% (Bitget) + 1% (Visa and card issuer)
● Calculation:
○ Crypto conversion fee = $1,000 x 0.9% = $9
○ Foreign transaction fee = $1,000 x 1.5% = $15
● Total fee is then $24
Case 3: USD ATM Withdrawal
● Withdrawal Amount: $500
● Crypto Conversion Fee: 0.9%
● ATM Withdrawal Fee: $0.65 + 2%
● Calculation:
○ Crypto conversion fee = $500 x 0.9% = $4.5
○ Withdrawal fee = $0.65 + 2% x $500 = $10.65
● Total fee is then $15.15
Bitget Card Eligibility
For now, the Bitget Card is made for VIP customers and by invitation only. You may check the Bitget VIP program here. In the future, this card will be open to the public.
Currently, a single Bitget user ID can only order one Bitget Card. No additional cards are supported.
Eligible Countries/Regions
Please check the list of eligible countries/regions here.
Using the Bitget Card
Upon successful application, you will instantly gain access to your virtual Bitget Card, which allows you to view card details and start using it immediately through supported wallets like Apple Pay, Google Pay, and Alipay for online shopping. Your physical card will be shipped within 45 business days, and once received, it can be used for a variety of transactions including POS machines, ATM withdrawals, contactless payments, chip card reading, and side swiping with comprehensive flexibility for both online and in-person purchases.
The Bitget Card is connected to the Funding Account of the Bitget account and will automatically consume the USDT balance for each purchase. The card supports multi-currency spending in over 180 countries and regions within the Visa network. Visa converts the local currency to USD, which Bitget then converts to USDT and deduct it from your Funding Account.
Currently supported cryptocurrencies: USDT. We have plans to support BTC, ETH, USDC, BGB soon.
Get Your Bitget Card Now!
With Bitget Card, the world of crypto becomes truly accessible and integrated into our daily lives. No longer bound by the limitations of traditional finance, crypto users can now harness the full potential of their digital assets, unlocking a new era of financial freedom and convenience.
For more information about applying for and using your Bitget Card, please refer to our Bitget Card tutorial.
