A crypto card programme that has already stopped issuing cards

Updated October 2026

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Available in US

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18+ Only

The BitMart card is not something you can sign up for any more. The exchange that ran it announced a phased closure on 26 July 2026: new activity was restricted from that date, trading is scheduled to end on 26 August 2026, and the platform’s operations are planned to stop on 31 January 2027. That changes what this review can be. It is not a buying guide — there is nothing left to buy. It is a review of a programme in wind-down, aimed at the two groups that actually care: people who are still holding crypto on BitMart and trying to get it out, and people who were hoping for a crypto card and need one that will still exist next year.

My score for this card is 3.7 out of 10. The conditions described here are current as of October 28, 2026.

Let me be upfront about the biggest limitation, because it shapes everything below: who issues the card is not stated on the card’s public pages. There is a brand, a platform, a Visa network — and no named issuing bank or electronic money institution, no licence, no legal entity. For a product whose entire job is moving money through the regulated payments system, that is not a small gap. It is the reason the reliability line on my scorecard is where it is.

The score, criterion by criterion

Here is how the ten points break down, with the reason attached to each one.

The shape of that table tells the story better than the total does. Eight out of ten for everyday use, and one out of ten for reliability. On paper, when this card was usable, it did the ordinary things well: it was a Visa, it worked at merchants worldwide, the virtual version went straight into Google Pay, the annual fee was zero. That is why it was attractive, and why a lot of people were annoyed to see it close.

The zeroes and the one are about the part that actually protects your money. And the missing issuer sits underneath both.

Who it suits: nobody who is starting out. Who it does not suit: anyone who needs a card that will still be there in 2027 — which is all of us, but especially people who depend on a card for income, for remittances, or because an ordinary bank card is the specific thing they cannot get. My honest reading is that this card now serves one audience only, and it is not an audience you can join: existing cardholders withdrawing their BitMart balance.

What happened to the programme

The timeline matters more here than the fees ever did, so let me lay it out plainly.

• 23 July 2026 — a separate notice goes out for identified US users.
• 26 July 2026 — first-stage restrictions on new activity are announced. This is also the date the phased shutdown is announced.
• 26 August 2026 — the deadline for general users. Three things were meant to be done by then: verification, closing positions, and submitting withdrawal requests.
• 31 January 2027 — the planned end of trading-platform operations.

The card is Visa, in three forms: a Virtual card, a BitMart Card in plastic, and a Platinum metal card, settling in USD. All BitMart users could apply for it, and it works at Visa merchants worldwide. Identity Verification Level 2 was required, with proof of address and the possibility of extra documents; the age requirement is not stated on the card page.

What changed after 26 July is the part I would want a reader to sit with. Withdrawal delays were reported after the announcement. One Trustpilot user described 280,000 USD blocked, and a Hungarian company with roughly 80,000 USD unreleased since 26 July. The founder denied misappropriating user funds, and no official regulatory action has been found — that is important to state fairly. Denial is not the same as a finding, and the absence of regulatory action is not the same as an all-clear.

Two things about the shutdown are worth flagging as *not* confirmed by the card itself. First, the platform context for withdrawals — a guide published by a third party, OneKey, on 7 August 2026, describes withdrawals being held for review against KYC, source of funds, address ownership, Travel Rule and sanctions questions, with the 26 August 2026 deadline and the 31 January 2027 end date. The BitMart Card is not mentioned in it at all. So if you are reading this hoping the card is some protected corner of the shutdown, the honest answer is that the card’s own status in the wind-down is simply not stated.

Second, on how many countries the card covered: an unofficial figure of 115+ countries and regions came from BitMart’s launch announcement as reported by Blocktempo and ChainCatcher in September 2025, and CryptoCardHub in February 2026 listed 183 available and 10 restricted countries including the US, UK, Netherlands, Russia and Ukraine — but a U.Today piece says the card expanded to all 50 US states in early 2026, so that list may well be outdated. None of this is confirmed by the card, and with the programme closed, a country list is close to academic anyway.

If you already have the card

If your card is in your wallet, this section is the one you actually need. Let me take the practical items first, then the messy ones.

The money in your BitMart account and the money on your card are the same money. The BitMart card is custodial: your crypto sits in the BitMart exchange account, and the card is tied to that balance. The card is a window onto a balance that is currently inside a company in the middle of a wind-down. That single fact reframes everything — the free ATM banner, the 5.5% cashback, the zero annual fee. It is all spending access to an account you may have trouble reaching.

Withdraw your crypto to a wallet you control. That is the single most useful thing on this page. Once it leaves, it is yours regardless of what BitMart’s calendar says. If you have never run a self-custody wallet, this is the moment to learn, and it is worth the afternoon it costs. I say this without irony even though the card review is over: the card’s own design is custodial, and custodial means you are trusting an operator whose operations are scheduled to end on 31 January 2027.

If you hold stablecoins, mind the network when you send. Blockchain transfers are irreversible, so a deposit sent on a network the provider does not support, or to an address of another network, can be lost or need manual support recovery with no guarantee. Circle stopped supporting USDC on Tron in February 2024, so “USDC over TRC20” is not a native option — and Tron fees are paid through its own bandwidth and energy system, often burning TRX, which means a wallet with USDT but no TRX may be unable to move it. On Ethereum, fees are paid only in ETH, so a wallet holding USDT with no ETH left cannot send either. Check what is actually in the wallet before you pick a network, and send a small test amount first.

What happens to the card balance: not stated. There is no withdrawal section for the card balance on the public pages. Nobody has publicly published the mechanics of getting the card’s own balance back out. Treat that as an open question you need an answer to from the platform, not one I can answer for you.

Top-up is not stated either — no deposit fee, no minimum, no fiat route, no top-up limits. The card draws on crypto held in your BitMart account, and the instruction is simply to keep enough crypto there. Topping up an account belonging to a platform in wind-down does not need deep thought.

The limits and fees that *were* stated, for the record:

Monthly limits are not stated. The ATM story has a wrinkle worth knowing: a banner mentioned fee-free ATM “up to 1000U”, and the homepage said free ATM 200–1,000 USD per month with 2% after — the conditions are unclear, and only ATMs carrying the Visa logo work. Unofficial reporting went further, claiming unlimited ATM withdrawals per year (Blocktempo and ChainCatcher, September 2025), while CryptoCardHub said free ATM allowances are tied to VIP status. Neither is confirmed by the card. The honest summary is: treat ATM access as limited and uncertain, because that is what the official material supports.

Support. Nothing about dispute handling or chargeback is stated on the card page, which is worth noting on its own — the page has no dispute section at all. On support, the page says nothing either; the help centre sits at support.bitmart.com, which redirects to a Zendesk domain. Trustpilot, read on 20 October 2026, stood at 2.3 out of 5 from 2,915 reviews, 66 of them in the last twelve months. The themes users described were withdrawals blocked or failing after the wind-down announcement (reviews dated 3 September, 18 September, 9 October and 11 October 2026), support silent for anywhere from a week to a month in August and September 2026, deposits not credited — or still being accepted after the suspension, in August and October 2026 — and no direct notice of closure in September and October 2026. Some fraud allegations appear too; those are unverified and I would not treat them as evidence of anything. Notably, no card-specific complaints were found. The grief is all about the exchange account.

One more oddity. The iOS app on the US App Store listing reads 2.9 out of 5 from around 3.5K ratings, requires iOS 13.0 or later, and the interface languages include Russian, Turkish and Ukrainian. The Google Play listing was not read. For anyone who has used the app for trading, a 2.9 is its own small warning.

What can go wrong

I have grouped these by how much they should actually worry you, because a laundry list of risks is a way of avoiding ranking them.

The dominant risk is platform risk, and it has already happened. This is not a hypothetical. It is a corporate wind-down with dated deadlines, delayed withdrawals, and a support channel that has gone quiet. Everything else on this page is secondary to that.

The counterparty you cannot name. The issuer, the legal entity and any licences are not stated. Under EU rules, an electronic money institution may issue e-money and payment cards but cannot lend, and must safeguard customer funds by segregating them in dedicated accounts or insuring them — but those funds are not bank deposits and may not sit under a deposit guarantee scheme. You cannot check which regime protects you, because the card does not say which regime it is in. There is no dispute or chargeback process on the page to fall back on either. And since a crypto card often depends on two separate licences — one for the payments side, one for the crypto side — a product that names neither is unusually opaque.

Custody risk, in general terms. Control of crypto belongs to whoever holds the private key or a seed phrase. A seed phrase is typically 12 to 24 words and is an unencrypted form of the private key; anyone who obtains it can restore the wallet and spend the funds. Transfers are typically irreversible, and a stolen private key has no built-in recovery — the network cannot freeze or return funds. Custodial platforms have a record: Mt. Gox, about US$350 million reported stolen between 2011 and 2014; Coincheck, about US$400 million in 2018; Ronin Network, US$625 million in 2022. Holding funds with a custodian means carrying counterparty and hack risk. On a self-custody-linked card the funds stay in your own wallet until the moment of payment, and the risk moves too — key loss, phishing, and clipboard-hijacking malware that swaps an address after you copy it.

Your identity documents and the KYC trail. Verification Level 2, proof of address, extra documents possible. That is the normal shape of it: regulated businesses must verify customers and assess risk as a matter of anti-money-laundering law, including ongoing monitoring and suspicious-activity reporting. In the EU, due diligence covers name, address, date of birth, nationality, identity documentation, a sanctions check, the purpose of the relationship, and politically-exposed-person status. If due diligence cannot be completed, EU rules require the institution to hold back from the transaction or the relationship and, where necessary, end existing ones — which is exactly why accounts freeze pending documents. In the US, the customer identification programme requires name, date of birth, address and an identification number, with electronic KYC also validating proof-of-address documents. Note also that nationality is screened separately from residence, because sanctions screening and issuer risk policy often apply to citizenship and country of birth as well as to your address. So “which country do I live in” is sometimes the wrong question to ask a card.

Declines you may not understand. A card number starts with a 6- or 8-digit issuer identification number that tells any merchant which institution and country issued it. Merchants can look that up and apply extra scrutiny when the issuer country differs from the billing address — which is why a card issued in one country can look foreign to a shop in another. Some merchants decline prepaid or foreign-issued cards for precisely that reason. Address Verification Service compares the numeric parts of the typed billing address with issuer records; it is mainly offered in the US, Canada and the UK and is generally unavailable for foreign-issued cards, which can cause declines. And a declined authorisation can leave a hold on your funds for several days, typically up to seven. If you are already fighting a support queue, a declined payment with a seven-day hold is a bad afternoon.

Blocked categories and controls: not stated. The card page does not say which merchant categories are blocked. For context, MCC 7995 covers gambling — casinos, betting, lotteries — and many issuers block it on specific cards by policy rather than by law, with the blocked list varying by issuer. That said, merchants have separate rules of their own, and I would not assume a card works anywhere because it carries the right logo. Nor are 2FA, in-app freeze, spending controls or insurance stated on the card page. Typical safeguards in this category do include app-based 2FA, instant card freeze, spending limits, 3-D Secure confirmation and tokenised mobile wallets, but I am describing the category, not certifying this card.

The cashback numbers you may have seen quoted are wrong. Officially: online shopping 4.0% in the first month for new users and 3.5% from month two; grocery and dining 5.5% in the first month and 5.0% from month two. The payout asset is not stated. Unofficial sources disagree with these ranges — U.Today says “up to 5.5%”, ChainCatcher says “1–10% by tier and merchant”, CryptoCardHub says “1–3.5% standard, up to 10% in promotions”. If a number above 5.5% is being used to sell you something, it is not from BitMart.

Apple Pay: not mentioned. The virtual card can be added to Google Pay. Apple Pay is not mentioned anywhere on the card page. For the wallet mechanics, Apple Pay replaces the card number with a device-specific Device Account Number held in the Secure Element rather than on Apple’s servers, and each payment uses a one-time dynamic security code; an issuer can also restrict a tokenised number, for example blocking it on magnetic-stripe, phone or website use.

Taxes are yours. Not advice — just the mechanics you should not be surprised by. The IRS treats digital assets as property, so exchanging them for goods, services, dollars or other digital assets generally produces a taxable gain or loss, measured in local fiat currency at fair market value on the date of the transaction. Which means each card payment funded from crypto may be a separate disposal. How that lands for you depends entirely on where you live and what you are doing; I am not going to guess, and you should check with someone qualified in your own jurisdiction.

One more category fact worth knowing, because it is the pattern you are actually living through: Visa and Mastercard do not issue crypto cards to consumers themselves — they license issuers, and they can suspend a programme. Visa terminated its global agreements with FTX on 13 November 2022 and the FTX US debit card was wound down by its issuer. WaveCrest, a Visa card issuer that supplied crypto card brands, was suspended by Visa in Europe in 2018, closing all WaveCrest-issued Visa programmes. Closures typically run in a sequence: a notice period, then spending and loading stop, then users are asked to withdraw remaining balances. You are watching that sequence play out now. (One 2026 closure reported by a secondary source had new loads ending 8 July 2026 and spending stopping 8 August 2026 — a single unconfirmed source, so treat it as illustration, not fact.)

What to take instead

Since the BitMart card is closed to newcomers, this is really a question about which card to look at. Here are three, with what is actually documented about each. I want to be careful here: for several of these, the public pages simply do not say, and I will mark that rather than fill the gap.

Bybit Card — 6.0 out of 10. The most fully documented of the three, and the one most worth your time. Regions in the official help centre: Argentina, AIFC (Kazakhstan), Georgia, Kazakhstan, Australia, Mexico, Brazil, Peru, Asia Pacific. The application asks for country of residence, and if the country is not supported Bybit says it “will register your interest”. The cards page states plainly: “This product is not meant for European Economic Area customers. All European Economic Area customer participation is strictly prohibited.” Bybit’s fiat-service restricted list — which covers deposits, withdrawals and One-Click Buy, not the card itself — includes Belarus, Russian Federation, Serbia, China and the United States, and says Russian users can only make RUB transactions in fiat. There is no card-specific statement on Russian or Belarusian citizens, and I found no citizenship-versus-residence rule; the card currency “depends on the country of your Advanced Identity Verification”.

The parts most people will care about are the fees and the rewards, so here they are in full rather than in a table. The crypto conversion fee is 0.9% over the One-Click Sell rate in Australia, Asia Pacific, Georgia, Kazakhstan, Brazil and Mexico, 0.5% in Argentina, and Peru is not supported. The FX fee is 2% on top of the network rate in Australia, Asia Pacific, Georgia and Mexico; Kazakhstan (AIFC) charges a 2% “International Fee” on purchases outside Kazakhstan even in USD; Argentina is 7%; Brazil 1.5%; Peru 1%. FX padding is 0% in the Australia group and Mexico, 5% in Argentina and 1% in Brazil, with the excess refunded. Argentina also carries taxes on top: VAT 21% on foreign digital services, 30% tax on foreign transactions, and provincial gross-income tax of 1%–13.2%.

Funding is where Bybit differs structurally. The card has no balance of its own: it draws on the Funding Account and the Flexible Easy Earn balance, fiat first, and if fiat is insufficient crypto is sold at the One-Click Sell rate plus the card’s conversion fee. Supported cryptos are BTC, ETH, XRP, USDT, USDC and GRAM, with default priority USDT > USDC > GRAM > BTC > ETH > XRP, reorderable in the Card Dashboard.

Rewards changed recently and this is the detail most likely to catch you out: from 5 October 2026 at 10:00 UTC, only crypto-funded transactions earn points or cashback — fiat-funded spending does not. The tiers run Base 2.00% (5 USD monthly cap), Beta 2% (50 USD, 500 USD spend to unlock), Alpha 4% (150 USD, 3,500 USD), Apex 6% (250 USD, 9,500 USD), Omega 8% (400 USD, 12,500 USD) and Infinite 10% (600 USD, 25,500 USD). Points pend for four calendar days, cashback in USDT equals points × 0.002, and Auto Cashback must be on. There is also a welcome offer of 10% cashback up to 110 USDT in the first 30 days, “100% cashback on must-have subscriptions” for VIPs and Alpha and above, and referral of 20 USDT / 10 USDT.

MSX — 6.4 out of 10. The higher score, and honestly the thinner documentation. Who can get it is not stated on an official page that could be read; card type, cost, fees and funding are all not stated; rewards not stated. I am listing it because the score is better, not because the public material is better. Verify these gaps yourself before comparing it to anything.

Young Card — 5.7 out of 10. Also undocumented on who can get it, card type, cost, fees and funding. What *is* stated is the reward mechanic, and it is the one to look at carefully: cashback is paid in YNG tokens, at a rate set by Club tier — Essential 0.1%, Gold 1.8%, Platinum 3.6%. Bronze and Silver are not stated. Cashback denominated in the platform’s own token is a different proposition from cashback in dollars, whatever the percentage says.

A note on the regulatory side for anyone comparing options, since it explains why the “who can get it” line varies so much between cards. MiCA, the EU’s markets-in-crypto-assets regulation, took legal effect in June 2023; its rules on asset-referenced tokens and e-money tokens applied from 30 June 2024, and the remaining provisions including crypto-asset service provider rules from 30 December 2024. E-money tokens may be issued only by a credit institution or an electronic money institution. The transitional period lets providers already operating under national law continue only until 1 July 2026 or until they receive or are refused a MiCA authorisation, whichever comes first — which is a lot of why cards’ regional availability reshuffled recently. ESMA keeps an interim register of authorised providers, white papers and non-compliant entities, and you can check a provider there. A CASP authorised in one member state can serve the whole EU; Coinbase’s Luxembourg licence replaced its national licences with one EU-wide authorisation. A card itself is a payment service regulated separately from the crypto side, so a crypto card often depends on two licences. In the US, FinCEN guidance treats administrators and exchangers of convertible virtual currency as money transmitters, while people merely buying goods or services with crypto are not. Prepaid and debit cards are generally available to adults 18+, and some issuers set higher limits.

Who I would recommend it to

Honestly? I would not recommend this card to anyone reading this page, because there is no version of the recommendation that survives contact with the shutdown dates. It is closed to new applicants and the platform behind it has a published end date. Recommending it would be recommending something that cannot be obtained.

What I will say instead:

If you hold a BitMart balance or a BitMart card, treat this as an extraction problem, not a product decision. Move the crypto to a wallet you hold the keys to, check the network before you send, send a test amount, and keep records of everything you submit — dates, amounts, ticket numbers. The 26 August 2026 deadline for general users has relevance to withdrawal requests, and the 31 January 2027 operational end date is the hard horizon. Do not wait for the app to prompt you.

If you were looking for your first crypto card, start from whether the platform itself will still be running, and only then compare fees. The cheapest card in the world is worth nothing if its issuer shuts down, because that is precisely what happened here — the fees were good, the cashback was good, and it still ended. Then check the boring things: is the issuer named, is your country allowed, is your currency supported, what does a decline actually cost you in holds.

If an ordinary bank card is what you are missing, be realistic about why. Where a bank will not open an account for you, a crypto card is usually a second-best route with its own KYC trail, its own freezes and its own issuer risk, and it will be treated that way by some merchants because of the BIN lookup. Bybit is the option here with the most complete public documentation and the most explicit statement of who it is for — including, plainly, that it is not for EEA customers. If you are in the EEA, that sentence is the beginning of your search, not the end of it.

If you are already with a custodial platform that is healthy, this card’s closure is a reminder rather than a prompt: what is the exit plan from wherever your money sits? A date on a corporate calendar is the only kind of warning you get, and this one came with delays.

Frequently asked questions

What is the BitMart card?

It was a Visa payment card issued through the BitMart exchange, offered in three forms: a free virtual card, a plastic BitMart Card for a 70 USD application fee, and a metal Platinum card for 120 USD. It drew on crypto held in your BitMart account, converting the balance to USD at the moment of purchase, with a 1.3% transaction fee and no annual fee. It is no longer open to applicants.

How did the BitMart card work?

You kept crypto in your BitMart account, and the card spent from that balance. The card page listed USDT, USDC, BTC, ETH, SOL, ADA, BMX, XRP, LTC, DOGE, TON and BNB as usable, though the networks were not named. The balance converted to USD in real time at the point of purchase. Because it was custodial, the crypto sat in the exchange account rather than in a wallet you controlled.

Is BitMart a bank?

No, and this is the central problem with the card. BitMart is a crypto exchange platform, and its public card pages do not state the issuing bank, the legal entity or any licence. A crypto card usually depends on two separate licences — one for the payments side and one for the crypto side — and this one names neither. That absence is a large part of why the reliability score is where it is.

What happened to the BitMart card?

BitMart announced a phased shutdown on 26 July 2026. Trading was scheduled to end on 26 August 2026, which was also the deadline for general users to handle verification, close positions and submit withdrawal requests, and platform operations are planned to end on 31 January 2027. Withdrawals were reported delayed after the announcement. The founder denied misappropriating user funds, and no official regulatory action was found.

Is the BitMart card available in my country?

It no longer matters, because no new cards are being issued. For the record, the card’s own page does not state a country list — it said all BitMart users could apply. Unofficial sources said 115+ countries, or listed 183 available and 10 restricted countries including the US, UK, Netherlands, Russia and Ukraine, but those figures were third-party and one of them already looked outdated.

Can I still use my BitMart card?

Probably not for long, and the card’s status in the wind-down is not stated anywhere on the public pages. What is documented is the closure schedule and that withdrawals were delayed. Third-party guidance describes withdrawals being held for review against KYC, source of funds, address ownership, Travel Rule and sanctions questions. The card is not mentioned in it.

How do I withdraw money from BitMart?

General users had a deadline of 26 August 2026 to submit withdrawal requests, with platform operations planned to end 31 January 2027. How to withdraw from the card balance specifically is not stated. The most robust move is to move crypto out to a self-custody wallet — check the network, send a small test amount first, and note that transfers are typically irreversible.

Was the BitMart card safe?

Not in the sense that matters. The crypto was custodial, so it sat inside a platform that has announced a shutdown and where withdrawals were reported delayed. Trustpilot stood at 2.3 out of 5 from 2,915 reviews on 20 October 2026, with reports of blocked withdrawals, silent support and deposits not credited. No card-specific complaints were found — the problems were all at the platform level.

Was the BitMart card free?

The virtual card was free to apply for, and the annual fee was zero on all three versions. The plastic card cost 70 USD and the metal Platinum card 120 USD. Spending was not free: 1.3% per transaction, plus 2% at ATMs on the plastic card and 1.5% on Platinum. Cashback was 4.0% then 3.5% online, and 5.5% then 5.0% at grocery and dining.

Can I add the BitMart card to Apple Wallet?

Apple Pay was not mentioned on the card page at all, so I would not plan around it. Google Pay was supported for the virtual card. More to the point, this is a question about a programme that is closing — the time to spend on wallet setup is better spent getting your balance somewhere you control the keys.

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