1686670562 Binance Card What is it and how to pay

Binance Card – What is it and how to pay with cryptocurrencies?

Are you wondering how to pay with cryptocurrencies in a convenient way? Would you like to spend digital assets like real money? The Binance cryptocurrency card will help you with this. You can use it to pay anywhere that accepts VISA cards. Let us explain to you what the Binance card has advantages, opinions, commissions and more!

Binance Card – what is it?

The Binance Card is a cryptocurrency debit card issued by Binance, the largest cryptocurrency exchange and the world’s largest VISA electronic payment provider.

It was announced in March 2020, following the acquisition of Swipe, a cryptocurrency debit card company.

How does the Binance card work and how to get it? We will explain this in the next sections of this article!

How does the Binance card work?

At the very beginning, it should be mentioned that the Binance Card debit card in its basic settings is associated with your user account on the Binance cryptocurrency exchange, specifically with the Funding wallet.

Cryptocurrencies are taken from this wallet when making payments, i.e. charging the payment card. Both cryptocurrencies and fiat currencies (e.g. dollars and euros, but not Polish zlotys) can be transferred to the aforementioned wallet.

After making a transaction with the merchant, the card will automatically sell your cryptocurrencies for fiat currency in real time and at the current market rate.

binance card finance wallet
Funding portfolio on Binance

In this way, Binance facilitates and accelerates the sale of cryptocurrencies for fiat currency at the time when they need to be paid with them, which in practice allows users to easily spend cryptocurrencies in stores around the world.

What cryptocurrencies can I spend with my Binance card?

Binance for card payments currently supports the transfer and spending of the following cryptocurrencies. Unfortunately, other digital assets cannot be used at the moment.

Wondering what happens if you have more than one of these cryptocurrencies in your wallet? Of course, everything has its rules.

BNB is sold first when you try to pay. If you do not have BNB or do not have a sufficient balance in this cryptocurrency to complete the purchase, payment will be made in the following default order:

  • USD,
  • BTC,
  • USDT,
  • SXP,
  • ETH,
  • EUR,
  • ADA,
  • D.O.T.,
  • LAZIO,
  • PORTO,

The order in which the currencies are used for payments can of course be changed. Just log into your account and go to the Tabs dashboard.

binance card what crypto

If you do not want to use the Wallet Funding section and want to keep all your cryptocurrencies in one place, it is possible to check this box in the card settings:

binance card funding source

ATM Withdrawals – Binance Card

The Binance card allows you to withdraw cash from regular ATMs around the world. You will pay a fee of 0.9% for this service.

However, you also need to consider that some ATMs charge their own fee, which is no longer under Binance’s control. However, you should always see this fee on the ATM screen, and you should also be able to cancel the transaction.

Paying with your Binance card online

You can also transact online with your Binance card just like you would with a regular credit card. All you have to do is enter your card details on the payment page in the online store. Verify your 3D Secure Verification (3DS) as instructed, then you will receive an in-app notification or purchase confirmation email from Binance.

How to get a Binance Card?

To get a Binance card, simply register at www.binance.com and go to the Binance card application page. Of course, your Binance account must be verified (you must have completed and confirmed KYC verification).

On the Binance card application subpage, click the button start, then Order card. Then confirm your consent.

Now you will see a form with some pre-filled details and some missing information that needs to be filled in. Please review the Privacy Policy, Terms of Use, and Cardholder Agreement before clicking the Order Binance Card button.

The card can be ordered through the website interface on desktop and phone, as well as through the Binance mobile application.

Currently, the Binance card is available to all users who have an account on the cryptocurrency exchange and also live in the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary , Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

Where can I pay with my Binance card?

As we mentioned above, you can pay with your Binance card anywhere that supports Visa, which is over 60 million merchants worldwide.

So you can practically pay anywhere you’re used to paying with a credit card – whether it’s at the corner bar, your favorite restaurant, or at an online store anywhere in the world.

How long does it take to deliver a Binance card?

It usually takes 1 to 3 weeks for your card to arrive after you’ve ordered it, depending on the country you’re in and the current number of card orders.

  • However, you can use the virtual card immediately after completing the order. You can use it to pay online or add it to Google Pay or Samsung Pay.
  • Unfortunately, Apple Pay does not yet work with the Binance card.

TIP: If you install the Curve mobile application, a platform for unifying all payment cards, insert a Binance Card into it, and then pair Curve with Apple Pay, you can also pay with your Binance cryptocurrency card via Apple Pay. The Curve app acts as an intermediary here.

The card also works, which is already a standard here, with contactless payments. However, before you use this option, you must make an initial chip card transaction, which you confirm by entering the PIN. If you ever want to change your PIN, you can do it at any ATM by entering your current PIN or in the card panel.

Currently, the maximum amount for a contactless payment across Europe is set at €50. For security reasons, the maximum daily accumulated contactless payment amount is €150. If you exceed this limit, the transaction will be rejected. However, if you use a chip and PIN, you can pay contactless again up to an additional €150 limit.

Binance physical card activation

After receiving the physical card, you need to activate it in your Binance account in the card panel. It is enough to enter some data from the card so that it is known that you received it, not someone else, and the card is active!

1686670558 555 Binance Card What is it and how to pay

Binance Card – Limits

For virtual cards, the daily spending limit is EUR 870. For physical cards, the daily spending limit is EUR 8,700. Up to EUR 290 can be withdrawn from ATMs in one day.

Binance card fees and charges

The card is completely free. Binance does not charge any fees for registration, card issuance, actual payment or annual membership.

However, if you lose your card, you will have to pay a fee of EUR 25 to reissue it.
You will also be charged a 0.9% transaction fee for ATM withdrawals.

Cashback on Binance card

A nice bonus when using the card is cashback. Binance will pay you a bonus of 0.1% to 8% on each payment.

The amount of this cashback depends on the level of your card. You will always receive this cashback once a day directly to your card in the form of a BNB token, however, it can be delayed up to 48 hours, which users sometimes complain about.

Good to know: you won’t get cashback for ATM withdrawals. Similarly, you will not receive cashback if you use your Binance card to buy cryptocurrencies from other exchanges or use it to transfer funds to other of your accounts (e.g. Revolut top-up, etc.).

Card levels and cashback amounts

The level of the Binance card depends on the average monthly balance of BNB tokens in your wallet.

card level Average monthly BNB balance BNB cashback for purchases
1 0 0.1%
2 1 2%
3 10 3%
4 40 4%
5 100 5%
6 250 6%
7 600 8%

For example, if your average monthly balance is 5 BNB, which is between 1 BNB (card tier 2) and 10 BNB (card tier 3), you qualify for a tier 2 card and can receive 2% cashback on all purchases.

So, to receive 8% cashback, you would need to hold at least 600 BNB in ​​your wallet over the course of each month, which is already quite a high amount.

You can check the level of your card in the Card information section in the card panel or in the Transaction history tab.

Binance has set up another important cashback limit: The total maximum amount you can earn in cashback rewards is capped per card tier as follows:

Level Monthly ceiling in EUR
1 5
2 100
3 150
4 200
5 275
6 350
7 500

Is it safe to use a Binance card?

Your Binance account is protected by world-class Binance security. This includes features such as:

  • Secure Login (multiple two-factor options), Secure Storage (cold storage of cryptocurrencies),
  • real-time monitoring by the Binance security department (the risk management system analyzes each withdrawal attempt, password reset, two-factor authentication reset and email address change, and any unusual activity triggers suspended withdrawals for a minimum of 24-48 hours),
  • access control (optional security, such as an IP whitelist)
  • security alerts (security alerts when suspicious activity is detected) or
  • advanced end-to-end data encryption.

Binance card reviews

So let’s sum up. Are there any benefits to using Binance Card? Is Binance Card worth it? What are the opinions?


  • Binance is the largest company in the world of cryptocurrencies, which gives their products high credibility
  • Possibility to get cashback for payments made
  • Possibility to use the virtual card immediately after ordering it
  • You can use your payment card anywhere Visa is accepted
  • Both fiat and cryptocurrencies can be stored on the card, which are automatically sold at the time of payment
  • Ease and speed of obtaining the ability to use the card


  • Relatively low payment limits, ATM withdrawals and earned cashback
  • Apple Pay is not available yet

Comparison with other cards

There are already plenty of similar cryptocurrency cards on the market today, such as those from Bitpay, Crypto.com, Wirex, and many others.

Compared to others, the Binance card definitely boasts a high cashback as well as very low fees.

On the other hand, it doesn’t offer much apart from the benefits already mentioned. For example, competitor Cypto.com offers a free Spotify and Netflix account for its users, a $15 monthly discount on the Amazon Prime membership fee, discounts on AirBNB and Travala.com, and unlimited free access to airport lounges with the use of the LoungeKey™ Pass for cardholders higher level.


The Binance card is one of the most popular cards in European countries, especially due to the opinions and status of Binance itself, which is considered one of the best and safest cryptocurrency exchanges in the world.

The Binance card is especially appreciated by users who already have an account on the exchange and have been investing or trading more actively on it for a long time, because they can easily withdraw or exchange their funds for goods or services at any time and on very affordable terms.

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