CryptoBit

buy the things you love with CRYPTO

With the cryptoBit Visa Card, you can convert and spend your favorite cryptocurrencies at more than 60 million merchants worldwide. Just transfer crypto from your spot wallet to your card wallet, and you're ready to go. Spend your crypto anytime, anywhere.

*Please refer to the cryptoBit Card FAQ for the supported cryptocurrencies

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card benefits and perks

Zero Fees

Your Binance Visa Card is completely free! Binance will not charge any administrative or processing fees*.

Hold crypto and exchange only when you need to

Hold crypto in your Binance Card wallet and exchange only when you're making payments.

Up to 8% cashback on your purchases

Get up to 8% cashback on all eligible purchases made with your Binance Visa Card!

Your funds are SAFU

All your Binance Card funds are protected by the highest security standards available at Binance. Sleep tight, we've got you covered.

These are the questions our customers ask most frequently!

What is actually cryptocurrency?

Cryptocurrencies should not be seen as a currency. The name cryptocurrency is a misnomer. They do not serve as an alternative to the Rupee or other fiat currency. They really are an asset/software that is used to write on the blockchain and for incentivising the nodes – if at all they serve as an instrument for payments, this use case is limited to within the blockchain ecosystem to incentivise the nodes.

Who are the users?

The users are individuals or companies that submit transactions into the blockchain network to be validated and processed. The banking equivalent would be you logging in to your banking account and submitting a transaction to send money to another account.

Will cryptocurrency be widely accepted?

Cryptocurrency has bloomed since 2009. Some commercial banks, including some investment banks, introduce their own cryptocurrencies for the purposes of settlements and transactions with certain financial institutions and corporations. At the moment, Central banking is not interested in cryptocurrencies, but this may change in the future.

What are the government's concerns around use of cryptocurrency?

The government is concerned about:

The use of cryptocurrencies for illicit activities.
Tax evasion.
Money laundering.
Loss of control over monetary policy and flight of capital overseas.

Are the government's concerns valid?

Yes. However, all new technologies pose risks. There were concerns around the use of the printing press (jobs), automobiles and aeroplanes (safety), internet (surveillance-free communication) as well, as with many new technologies such as artificial intelligence, drones and robotics. A ban is usually not a good answer to regulating new technologies.