Bit2Me Card

Bit2Me Card Mastercard Debit Review: Fees, Rewards & Availability

Basic Information

The Bit2Me Card is a Mastercard debit card launched in early 2023 that bridges the gap between cryptocurrency holdings and everyday spending. It allows users to seamlessly convert their digital assets to fiat currency at the point of transaction, making crypto usable for daily purchases without manual conversion beforehand.

Rewards and Benefits

The Bit2Me Card offers one of the most comprehensive reward structures in the crypto card market, with benefits directly tied to the user's Space Center tier level.

Cashback Structure

Bit2Me Card features a multi-layered cashback system that can deliver up to 39% total rewards through the combination of base card cashback, Bit2Me Earn bonuses, and Bit2Me Life merchant offers:

• Base cashback ranges from 0% to 7% on all purchases depending on Space Center tier
• Up to +7% extra through Bit2Me Earn staking rewards
• Up to +25% extra via Bit2Me Life merchant cashback offers
• All cashback is paid in B2M tokens (Bit2Me's native token)
• Users can further maximize rewards by integrating with Bit2Me Earn for staking rewards
• Cashback applies to purchases made using various cryptocurrencies including BTC, ETH, DOT, ADA, USDT, XRP, CCD, SOL, TON, USDC, EURT, MATIC, XAUT, MON
• EUR wallet transactions linked to Bit2Me Card receive 0% cashback regardless of Space Center level

Monthly Cashback Caps by Space Center Level:

Partner Retailers

• Additional cashback available at over 300 specific partner merchants via Bit2Me Life
• Partner retailers include Ikea, Uber, Fnac, and Nike
• Exclusions: No cashback provided for purchases in financial services, casinos, lotteries, and betting houses

Bit2Me Life Benefits

Bit2Me Life is an in-app benefits area that provides enhanced rewards and discounts for cardholders:

• Merchant cashback offers: Access to over 300 merchants with up to +25% extra cashback
• Travel and accommodation discounts: Available to users at Space Center Level 1 and above
• Integrated rewards platform: Seamlessly accessible through the Bit2Me app

Fees and Limits

Bit2Me Card fees are structured around a Space Center tier-based model with transparent pricing for various transaction types.

Card Fees

Transaction Fees

ATM Withdrawal Fees

Note: ATM operator fees may apply in addition to Bit2Me Card fees. ATM withdrawals are not available with the virtual card.

Spending and Withdrawal Limits

Limits vary by Space Center tier level, with higher tiers offering more generous limits:

Note: Limit details may vary by Help Center article. Users should confirm current limits in-app for the most accurate information.

Operational Constraints

Card Tiers and Options

The Bit2Me Card benefits are directly tied to the user's Space Center tier level, with higher tiers offering significantly better rewards and conditions:

Top-Up Methods

Users do not need to pre-load or top up funds in advance for the Bit2Me Card—instead, crypto is held in the user's Bit2Me Wallet and converted to fiat in real time at the point of purchase. This means there is no requirement to move crypto from self-custody or external wallets to the card provider ahead of time. Users can select from over 200 supported cryptocurrencies, and the platform handles instant conversion at market rates whenever the card is used, although specific conversion fees are not detailed in the documentation. Spending is limited by the tier-based transaction and daily/monthly limits (e.g., €1,000–€2,500 per transaction/day), and actual top-up limits are not applicable as there is no preloading process. Card management, crypto selection, and spending are all handled via the Bit2Me app and platform with real-time balance updates.

Self-Custody Custodial

The Bit2Me Card is fully custodial. Users do not control the private keys to their crypto holdings at any point—assets are stored and managed within the Bit2Me platform. All spending and conversions are executed from the Bit2Me account, not from a user-controlled wallet. If Bit2Me or its partners disappeared, users would not have independent, on-chain access to their funds.

Space Center Levels and Benefits

Level Requirements and Rewards

Point Earning Methods

Space Center operates on a point-based system where users complete missions to earn points and unlock benefits:

One-Time Missions

• Verified identity: 50 points
• Add funds to account: 400 points
• Physical credit card requested: 100 points
• Funds added to Earn: 50 points

Ongoing Activities (Scalable)

• B2M token purchase & lock: 20€ = 300 points
• Wallet trading volume: 20€ = 400 points
• Earn rewards generated: 50€ = 150 points
• Card cashback earned: 15€ = 200 points
• Launchpad participation: 1 project = 200 points
• Pro trading volume: 400€ = 200 points
• Daily platform access: 7 consecutive days = 50 points

The system rewards both B2M token holding/staking AND active platform usage, creating multiple pathways to reach higher levels through either token investment or platform engagement.

Argentina Space Center Program

For residents of Argentina, Bit2Me operates a separate Space Center program with different cashback rates and monthly caps:

• Maximum base cashback: Up to 3.5% (compared to 7% in EEA)
• Different monthly cashback caps apply compared to the EEA program
• Virtual card only: Physical cards are not available for Argentina residents
• All other Space Center benefits (fee discounts, Earn APY bonuses, Launchpad access) follow the same structure

Supported Currencies and Conversion

The Bit2Me Card allows users to spend from a curated selection of cryptocurrencies and stablecoins available on the Bit2Me platform. Users can link specific wallets to their card for seamless spending:

Supported Linkable Wallets:

• Major Cryptocurrencies: BTC (Bitcoin), ETH (Ethereum), XRP (Ripple), SOL (Solana), ADA (Cardano), DOT (Polkadot), TON (Toncoin), MATIC (Polygon), XAUT (Tether Gold), CCD, MON
• USD Stablecoins: USDT (Tether), USDC (USD Coin), USDR, USDCV
• EUR Stablecoins: EURT (Tether Euro), EURC (Euro Coin), EURR, EURCV
• EUR Wallet: Available for EEA residents only (0% conversion fee, 0% cashback)

Key Features:

• Real-time conversion of crypto to fiat at the point of purchase
• 0.95% transaction cost when a crypto wallet is linked
• 0% transaction cost when the EUR wallet is linked (EEA only)
• Flexibility to change preferred cryptocurrency wallet at any time
• No need for manual conversion in advance; select which digital asset to use for any specific payment

Geographic Availability

The Bit2Me Card is available to verified users with tax residence in select European and Latin American countries, with some regional variations in card format and benefits.

Available Regions

Europe

Bit2Me Card is available in the following European Economic Area countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

Note: Ireland is notably excluded from the available EEA countries list. Physical card availability may be limited in some EEA countries, with initial priority given to Spanish residents. A €5 delivery surcharge applies for physical cards shipped outside Spanish territory.

Americas

Argentina: Virtual card only. Argentina residents have access to a separate Space Center program with different cashback rates (up to 3.5%) and monthly caps compared to the EEA program.

Exclusions

• Not available in the United States or Canada
• Not available in Ireland (despite being an EEA member)
• Certain countries in the EEA may have other criteria that may lead to the non-issuance of Bit2Me Card
• Virtual card is available throughout supported regions
• Physical card availability may be more limited, with initial priority given to Spanish residents
• Argentina users receive virtual card only

Regulatory Structure and Licensing

Bit2Me operates under comprehensive European regulatory oversight as both a cryptoasset service provider and through its partnership with a supervised electronic money institution:

Bit2Me's authorization under MiCA represents compliance with the European Union's comprehensive regulatory framework for cryptoasset service providers, providing users with enhanced consumer protections and regulatory oversight.

Compliance and Security

Security Features

The Bit2Me Card includes multiple security measures to protect users:

• Instant card control: Ability to block and unblock the card immediately as needed
• Cold wallet protection: Advanced security systems for crypto storage
• Real-time alerts: Instant transaction notifications for all card activity

Authentication

• Multi-factor authentication: 3DS and 2FA authentication for enhanced security
• KYC compliance: Users must be registered and verified with Bit2Me
• Spanish nationals must be verified with DNI

Technical Details

Card Specifications

• Card Network: Mastercard (worldwide acceptance)
• Card Types: Virtual and physical options
• Card Issuer: PECUNIA CARDS EDE, S.L.U. (PECUNPAY)
• Regulatory Oversight: Electronic Money Institution supervised by Bank of Spain, registered under CSB 6707

Integration Features

• Mobile wallet compatibility: Integration with Apple Pay and Google Pay
• Ecosystem integration: Seamless connection to the broader Bit2Me platform
• Real-time connection to the user's Bit2Me Wallet
• Integration with Bit2Me Earn for staking rewards
• Bit2Me Life integration for merchant offers and travel benefits

User Experience

As the Bit2Me Card was launched in early 2023, limited direct user feedback is currently available. The card integrates seamlessly with the broader Bit2Me ecosystem, allowing real-time connection to the user's Bit2Me Wallet.

While comprehensive reviews specifically about the card experience are scarce, Benzinga's review of the overall Bit2Me platform notes that "It's a struggle to find any negative points," though this refers to the entire ecosystem rather than specifically to the card.

More user testimonials are likely to become available as the card gains wider adoption throughout its supported regions.

Best Suited For

• Active crypto investors in supported EEA countries or Argentina who want to use their holdings for everyday expenses
• Frequent shoppers who can maximize cashback rewards on daily spending and reach higher Space Center tiers
• Existing Bit2Me users who can leverage their Space Center tier for enhanced benefits
• Crypto enthusiasts who prefer not to permanently convert their assets to fiat
• Users of multiple cryptocurrencies who value the flexibility to switch between different assets for payments
• Travelers within the Eurozone who want to avoid currency conversion fees when spending crypto abroad
• Mobile payment users who prefer contactless transactions via Apple Pay or Google Pay
• Spanish residents seeking the most cost-effective physical card delivery

Pros and Cons

Pros

• Industry-leading cashback rates of up to 7% base (potentially 39% with ecosystem bonuses)
• No maintenance fees for virtual or physical cards
• Flexible crypto wallet switching without additional steps
• Mobile wallet integration with Apple Pay and Google Pay
• Strong security features including instant card blocking and real-time notifications
• Extra cashback at 300+ partner retailers via Bit2Me Life
• Seamless ecosystem integration with other Bit2Me products and services
• MiCA-authorized cryptoasset service provider with comprehensive regulatory oversight
• Transparent fee structure with competitive crypto conversion rate (0.95%)
• Free ATM withdrawals in Spain

Cons

• Limited geographic availability (select EEA countries and Argentina only; Ireland excluded)
• Argentina users receive virtual card only with different cashback structure (max 3.5%)
• Physical card delivery initially prioritized for Spain (€5 surcharge outside Spain)
• Tiered benefits system disadvantages lower-tier users (Level 0 receives no cashback)
• Monthly cashback caps may limit rewards for high spenders
• Limited user feedback due to recent launch
• Cashback exclusions for financial services, casinos, lotteries, and betting
• Foreign transaction fees apply outside the Eurozone (1.75%-2.00%)
• No ATM withdrawals with virtual card
• EUR wallet linking provides no cashback despite 0% conversion fee

Conclusion

The Bit2Me Card represents a significant advancement in cryptocurrency payment solutions, particularly for European residents in supported countries. Its standout feature is undoubtedly the generous cashback structure that can reach up to 7% at base level and potentially higher with ecosystem integration through Bit2Me Earn and Bit2Me Life, making it one of the most rewarding crypto cards currently available.

The card successfully bridges the gap between crypto holdings and everyday spending with a transparent 0.95% conversion fee, all while offering the worldwide acceptance of the Mastercard network. The absence of maintenance fees, competitive transaction costs, and the flexibility to switch between different cryptocurrencies further enhance its value proposition. The recent MiCA authorization from Spain's CNMV adds an important layer of regulatory legitimacy and consumer protection.

However, potential users should be aware of the geographic limitations (notably excluding Ireland despite its EEA membership) and the tiered benefits structure that heavily favors higher-tier users. Those at lower Space Center levels will receive significantly reduced benefits with restrictive monthly cashback caps, with Level 0 offering no cashback at all. Argentina users face additional constraints with virtual-card-only access and lower maximum cashback rates.

For crypto enthusiasts in supported regions who make frequent purchases and can qualify for higher tier levels, the Bit2Me Card offers an exceptional combination of flexibility, rewards, and integration that makes it a compelling option in the growing crypto card market. Spanish residents particularly benefit from free physical card issuance and no ATM withdrawal fees domestically.

Additional Information

Space Center Tiers Detail

Space Center operates on a point-based system where users complete missions to earn points and unlock benefits:

Key Missions to Earn Points:

• Free Missions:

  • Access Space Center daily (7, 15, or 30 consecutive days)
  • Verify your account (50 points)
  • Verify your card

• Quick Path to Level 1 (1,000 points):

  • Add funds to your account (400 points)
  • Trade €20 on Bit2Me (400 points)
  • Buy and hold €20 in B2M (300 points)

• B2M Purchase and Hold:

  • Points are based on euros spent, not token quantity
  • Selling any B2M reduces mission progress and can cause level drops
  • Level 7 requires additional missions beyond B2M holdings

Additional Benefits by Level:

• Discounts on Commissions: Up to 100% discount on wallet transactions, 50% in Bit2Me Pro
• Enhanced APY: Higher rates in B2M Space Pool and on all Bit2Me Earn cryptocurrencies
• Launchpad Access: Priority access to new token launches

Maintaining Your Level:

• Prevent missions from expiring
• Maintain required B2M holdings
• B2M transactions follow FIFO (First In, First Out) method when selling

Future Expansion Plans

While Bit2Me has not publicly announced specific expansion timelines, the company's documentation indicates potential for broader geographic availability in the future, subject to regulatory approvals and operational readiness in additional markets.