Bitget Card Review | Key Features And Fees
Crypto exchange Bitget has partnered with Visa to develop an exclusive cryptocurrency card that allows the exchange's VIP customers to customize virtually any spending limit, make instant payments in 180 countries, and receive up to 8% cashback for using it.
Bitget is one of the most reputable and popular cryptocurrency exchanges in the world. It was founded in 2018 and has since become the largest exchange in terms of trading volume (more than 28 billion dollars per day). There are now about 20 million registered users on the platform, 130,000 of whom have been granted VIP status, which opens up a host of privileges for them - from premium assistance from a personal manager and invitations to offline events to exclusive access to the Bitget Card, which allows you to use digital assets as easily as fiat. The Bitget Card is what the experts will talk about in this article.
Bitget Card is an elite cryptocurrency card that allows users to pay with digital assets as easily and quickly as with fiat money. Currently, it is only available to traders with VIP status. The exchange has developed two types of card - Premium and Black. You will be able to use the Bitget card almost all over the world. Its main advantages are low fees, a high spending limit, the fastest possible payments, the ability to withdraw money from any ATMs that accepts Visa, etc.
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Is the Bitget card worth it?
Bitget for beginners is a user-friendly platform, making it an ideal starting point for cryptocurrency trading. The Bitget card is worth it, as it provides its owners with unique opportunities. First, you can use it in more than 180 countries around the world. Secondly, it allows you to make fast crypto payments in the shortest possible time. Thirdly, since the card is denominated in USD, exchange fees are minimal when using the Bitget card. Also, you can easily set up a monthly spending limit ranging from 0 to one million dollars.
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How do I get my Bitget card?
At the moment, the Bitget debit card is available only to VIP clients of the exchange by invitation. In the future, the crypto exchange plans to remove restrictions and make the card available to everyone. VIP status can be obtained by registered users of the exchange who have passed the KYC procedure, regularly make trading transactions, and the monthly trading volume exceeds 1,000,000 USDT on the spot market or 10,000,000 USDT on futures.
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Is the Bitget card free?
Users will not be charged an annual maintenance fee or an application fee.
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Can I use my Bitget card internationally?
You can use your Bitget card at over 50 million merchant locations in over 180 countries.
What is a Bitget card?
Bitget card is an elite cryptocurrency-backed credit card with no purchase limits. You can use it to withdraw funds from any ATMs that supports Visa. Its main advantages:
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high spending limit that you can control;
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the ability to use the card at more than 50 million merchants worldwide;
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Bitget card is as easy to use as possible and allows you to make settlements in cryptocurrency in real time;
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a brand new loyalty program that provides greater flexibility;
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no service or application fees.
The exchange also announced the imminent launch of the BGB rebate program, which will allow you to get up to 8% cashback in BGB when paying with the Bitget card.
When making a purchase, the Bitget card automatically converts the funds in the funding account into dollars. The virtual card is available as soon as your application is approved. You'll be able to add it to Google Pay and Apple Pay for convenience. Currently, the card supports only one cryptocurrency - USDT, but the exchange has plans to expand this list by adding BTC, ETH, BGB and other widely used digital assets.
For now, the Bitget card is available only to users with VIP status and by invitation only.
What you need to know about the Bitget card?
Here are a few things you should know about the Bitget card:
Supports cryptocurrencies. For now, the Bitget card only supports USDT.
Real-time conversion. The Bitget card works like this: when you make purchases, the funds in your funding account are converted to USD in real time.
Bitget account integration. Once your application is approved, your Bitget virtual card will be available in your personal account. All card details will be displayed here, including CVV code and expiration date. You will also be able to customize the spending limit, change the PIN code, ask the support team questions, etc.
Card types. There are 2 types of Bitget cards available now - Premium and Black. Black card can only be ordered by VIP 3, 4 and 5 members.
Global recognition. Bitget card is a multi-currency card that is supported in more than 180 countries. The physical card allows traders to withdraw funds from any ATMs with the Visa logo.
Fees. The exchange does not charge fees for annual card maintenance, issuance of virtual and first physical cards, as well as for its cancellation. Converting cryptocurrency costs 0.9%, and withdrawing money in dollars costs 2%. If you decide to withdraw money from an ATM in another currency, you will pay a fee of 4%. The crypto exchange also charges an inactivity fee of $1 per month after 12 months of no transactions.
KYC verification. Before requesting a card, the user must go through a KYC process and provide valid proof of address.
Is the Bitget Card Available worldwide?
Bitget Card is supported in 180+ countries. You can use your Bitget card wherever Visa is accepted. Visa is currently accepted by over 50 million merchants worldwide.
How to get the Bitget card
To get this card, you must be a VIP client of the crypto exchange and go through a KYC process to verify your identity before applying.
Next, the algorithm is as follows:
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Please click the "Apply" button on the landing page.
Bitget website
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You will be automatically redirected to a page to specify the details of your future card. You must enter your name and phone number on a special form.
Bitget website
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You will then be prompted to enter an address where the exchange can send you a physical card.
Bitget website
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Come up with a PIN for the card consisting of 4-12 digits.
Bitget website
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After that you will be taken to a page with your data. If everything is correct, check the box and click "Confirm".
Bitget website
How the Bitget Card Works
Bitget credit card has a high spending limit of up to 1 million dollars. The card is accepted in almost all countries of the world, automatically converting USDT into US dollars at the moment of transaction. You can also easily withdraw cash from ATMs, paying a small fee of 2% (a higher fee of 4% is charged for foreign currency withdrawals). Currently, the card supports USDT exclusively, but in the first quarter of 2024, the crypto exchange promises to expand the list of available digital assets.
There are two formats of Bitget Card - physical and virtual. The virtual card will be available for use as soon as the application is approved, while the physical card will be sent to you as soon as possible. The daily spending limit for the virtual card is 3,000 USD, and for the physical card - 30,000 USD (Premium) and 100,000 USD (Black).
Expert Opinion
In January 2024, the popular cryptocurrency exchange Bitget launched an exclusive Bitget Card. For now, this privilege is only available to VIP users. Also, at the moment the card exclusively supports USDT, with the expansion of the list of digital assets planned for the first quarter of this year. In addition, the cryptocurrency exchange announced the launch of the BGB rebate program - refunds for everyday purchases made with the Bitget Card.
The crypto platform claims that its development will become an excellent online assistant for users, thanks to which they can easily make purchases, pay utility bills, replenish accounts, etc. And it also allows you to withdraw cash from any ATM. In general, the advantages of using it are obvious - from global recognition to competitive Bitget fees.
The Bitget card benefits
The main advantages of the Bitget Card are:
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High spending limit of up to one million dollars;
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the ability to use the card in more than 180 countries around the world;
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lowest currency exchange fees;
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real-time conversion;
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cashback up to 8% at BGB when paying with the card;
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platinum privileges in the Visa network;
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ability to withdraw cash from ATMs;
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compatibility with Apple Pay and Google Pay;
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possibility to use the virtual card immediately after the application is approved.
Conclusion: Should I Get the Bitget Card?
The Bitget card, created in partnership with Visa, opens up a lot of privileges for users, as it makes cryptocurrency payments even faster and easier. The only disadvantage of the card is that it is still only available to traders with VIP status, but Bitget promises to remove this restriction in the near future, while expanding the list of supported digital assets.
Team that worked on the article
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).