Binance Crypto Card review: making crypto usable
Read this Binance Crypto Card review and find out how this card lets you use your crypto for real-world purchases.
Draw on your Binance crypto holdings with this convenient debit card
Launched in late 2020, this card is already a popular option with 60 merchants in over 200 countries around the world. Learn more about it in this Binance Crypto Card review.
- Credit Score: N/A
- APR: N/A
- Annual Fee: $0
- Fees: Up to 0.9% transaction fees (payment and ATM withdrawals, 25 euros for reissuance of the physical card.
- Welcome bonus: N/A
- Rewards: Up to 8% BNB cash back on all purchases depending on card level and amount of BNB staked.
Binance is one of the most powerful crypto platforms in the world, and now it has its own debit card.
In this article you will learn about this card’s fees, cash back, limits, supported countries and fiat currencies, deposits, withdrawals, and much more.
Binance Crypto Card: how does it work?
The Binance Crypto Card is a crypto debit card which supports payments with Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), Swipe’s SXP token, and Binance’s own stablecoin, Binance USD (BUSD).
The card converts your crypto holdings to fiat currency in real time when you make a transaction.
Since it is a Visa debit card, you can use your Binance Crypto Card at over 60 million merchants all over the world.
The card has its unique cash back system, which makes it possible for you to earn up to 8% cash back on eligible purchases.
The cash back is in BNB, and the amount you make will depend on how much BNB you are holding on Binance.
For instance, if you are not holding any BNB, you have a level 1 card, which earns 1% cash back. A level 2 card requires that you hold 10 BNB so that you earn 2% cash back.
If you are holding 50 BNB, that is a level 3 card with 3% cash back. 200 BNB gets you a level 4 card with 4% cash back.
A level 5 card requires 500 BNB for you to earn 5% cash back. 2,000 BNB makes you eligible for a level 6 card with 6% cash back.
And finally, a level 7 card requires 6,000 BNB and earns you 8% cash back
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Significant benefits and disadvantages you may find
Now that you are familiar with the ins and outs of this card, how about a comparison between its pros and cons? Our Binance Crypto Card review would not be complete without it. Check it out.
- The card is light on fees
- Earn up to 8% cash back
- Decent limits
- Widely accepted
- Supports a limited number of countries
- Not available in the United States
- Different crypto taxation for each country
Is a good credit score required for applicants?
The Binance Crypto Card is a debit card. Most debit cards do not require a credit score from applicants and this one is no exception in this regard.
Learn how to apply and get a Binance Crypto Card
Do you like what you have seen so far in this Binance Crypto Card review? Then how about taking the next step and applying for the card?
Click the link below and we will show you step by step how to get this card.
About the author / Danilo Pereira
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