Bitget Wallet Card

Bitget Wallet Mastercard Debit Card: Non-Custodial Crypto Spending Solution

Basic Information

The Bitget Wallet Card is a crypto-linked Mastercard debit card launched by Bitget (a global crypto exchange and Web3 wallet provider) in partnership with Mastercard and Immersve. It enables users to spend cryptocurrency—primarily USDC stablecoin on the Base network—for everyday purchases at millions of merchants worldwide via the Mastercard network.

The card bridges decentralized finance with traditional payments by allowing seamless spending of crypto assets without manual conversions or bank transfers. Immersve, a Principal Member of the Mastercard network and registered financial service provider, handles the fiat side of transactions.

Rewards and Benefits

Cashback Structure

The Bitget Wallet Card does not offer a permanent cashback program as part of its standard features. Instead, the card provides:

• Time-limited promotional cashback offers in specific regions (e.g., 20% cashback capped at 10 USDC per user during Brazil launch, August-September 2025)
• "Refer 2 Earn" program offering $5 USDC rewards for both referrer and referee when a new user activates the card and makes qualifying purchases
• No limit to the number of friends you can invite and earn rewards for

Unlike many competing crypto cards, there are no staking requirements to qualify for the card or its basic features. However, users have the option to stake idle USDC balances to earn yield (up to 8% APY).

Unique Features

The Bitget Wallet Card offers several distinctive benefits:

• Non-custodial model: Users retain full control of their crypto assets until the moment of purchase, enhancing security and ownership
• Zero-fee structure: No annual fee, no monthly fee, and no top-up fee (only a one-time $10 activation fee)
• Yield on idle balances: Ability to earn up to 8% APY on stablecoin balances not being actively used
• Seamless wallet integration: Direct connection to Bitget Wallet for easy management and funding
• Digital wallet compatibility: Works with Apple Pay, Google Pay, and PayPal for contactless payments
• Broad merchant acceptance: Compatible with major online platforms including Amazon, Uber, Netflix, and millions of other merchants

Fees and Limits

The Bitget Wallet Card uses a transparent fee structure with no hidden charges. Transactions in USD are processed without fees, while non-USD purchases incur a 1.7% currency conversion fee. There are no deposit fees from Bitget for funding the card, though network gas fees may apply when transferring crypto.

When making purchases, the system may temporarily lock a slightly higher amount of crypto to account for potential price slippage during the conversion process. The conversion from USDC to fiat occurs in real-time at the point of sale, with Immersve's infrastructure handling the process.

Card Tiers and Options

Bitget currently offers a single-tier card program with no differentiated levels or status-based features. All cardholders enjoy the same benefits, limits, and fee structure regardless of their activity level or holdings. This simplified approach means there's no need to stake tokens or maintain specific balances to unlock premium features.

The card is instantly available in digital format once approved, allowing immediate use through mobile wallet integrations. Card management is handled through the Bitget Wallet app, including the ability to freeze/unfreeze the card at will for security purposes.

Top-Up Methods

Users do not pre-load or top up the Bitget Wallet Card in the traditional sense; instead, the card operates on a non-custodial, on-demand model where USDC (Base network) is held in the user's self-custody Bitget Wallet until a purchase is made. At the point of sale, the required amount of USDC is converted in real-time to the merchant's local currency, incurring zero fees for USD transactions and a 1.7% conversion fee for non-USD purchases. There are no top-up fees, no minimum or maximum top-up amounts, and funds remain under the user's control until the moment of spending, with no transfer of custody to the card provider beforehand. All card funding and management is handled directly within the Bitget Wallet app, and only USDC on the Base network is currently supported for spending (other cryptocurrencies must be swapped to USDC prior to use). This process ensures immediate availability of funds for purchases and eliminates the need for manual top-ups or pre-loaded balances.

Self-Custody True Self-Custody

The Bitget Wallet Card uses a true self-custody model, letting users keep control of their crypto assets and private keys until the exact moment of purchase. When making a payment, USDC is converted to fiat in real time, directly from the user's wallet, with no need to pre-load funds to a platform or give up control beforehand. This means that if Bitget or its partners were to cease operations, users would still have full access to their crypto as long as they retain their wallet credentials. The approach offers strong user control and security, but users are responsible for safeguarding their wallet and seed phrase. While this model limits the risk of platform failure impacting access to funds, it currently only supports USDC on the Base network and requires KYC to use the card. Overall, the Bitget Wallet Card prioritizes user autonomy while offering seamless integration with the Mastercard network for everyday spending.

Supported Currencies and Conversion

The Bitget Wallet Card primarily supports USDC on the Base network for direct funding. While the Bitget Wallet app itself supports 100+ blockchains and numerous tokens, these must be swapped to USDC on Base for card use.

For spending, the card uses USD as its base currency but can be used for transactions in any currency accepted by Mastercard globally. When making non-USD purchases, a 1.7% foreign exchange fee applies.

The currency conversion process features:

• Real-time conversion from USDC to the merchant's local currency at the point of sale
• No hidden markups beyond the transparent 1.7% fee for non-USD transactions
• Card balance viewable in USD within the app
• Conversion handled by Immersve's infrastructure, ensuring smooth transactions

This setup allows users to maintain their assets in crypto form until the moment of purchase, at which point only the exact amount needed is converted to fiat currency.

Geographic Availability

The Bitget Wallet Card is available in:

• United Kingdom
• European Economic Area (30 countries): Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
• Latin America (9 countries): Argentina, Chile, Colombia, Ecuador, El Salvador, Guatemala, Mexico, Panama, Peru
• Oceania: Australia, New Zealand

Notable restricted regions include:

• United States and its territories
• Canada
• Countries under international sanctions
• Prohibited countries listed in Bitget's Terms of Use: Canada (Alberta), Crimea, Donetsk, Luhansk, Cuba, Hong Kong, Iran, North Korea, Singapore, Sudan, Iraq, Libya, Yemen, Afghanistan, Central African Republic, DRC, Guinea-Bissau, Haiti, Lebanon, Somalia, South Sudan

Availability is being rolled out in phases globally, with promotional offers that may vary by region. Users must comply with local regulations in their jurisdiction, and Bitget reserves the right to modify or terminate card services in any region.

Compliance and Security

Identity Verification

All Bitget Wallet Card applicants must complete full KYC verification, which includes:

• Submission of personal information
• Government-issued ID verification
• Facial verification process
• Minimum age requirement of 18 years

The verification process typically takes only minutes if automated checks pass successfully. This compliance ensures the card meets regulatory requirements in all supported regions.

Security Features

The Bitget Wallet Card incorporates multiple security measures:

• Non-custodial model: Users retain control of their crypto until the moment of purchase
• In-app security: Card freeze/unfreeze functionality available instantly
• Mobile wallet tokenization: Enhanced security through Apple Pay/Google Pay integration
• Mastercard protection: Standard Mastercard security features and Zero Liability policy
• Two-factor authentication: Required for account access
• User Protection Fund: Bitget has established a $300 million fund to safeguard user assets

The card's regulatory framework is built on partnerships with established financial entities:

• Immersve is a registered financial service provider and Principal Member of Mastercard
• The card adheres to AML (Anti-Money Laundering) standards in all supported regions
• Bitget holds various crypto licenses including US MSB (Money Services Business) license from FinCEN and VASP registrations in multiple EU countries

If a user loses access to their Bitget Wallet, they can still spend the existing card balance but cannot deposit or withdraw funds.

Technical Details

Conversion Mechanics

The Bitget Wallet Card employs a sophisticated real-time conversion system:

• USDC is converted to fiat currency precisely at the point of transaction
• No pre-conversion is required; funds remain as crypto until spent
• Conversion is handled by Immersve's infrastructure
• Merchants receive payment immediately through the Mastercard network
• Transaction amounts are displayed in both the purchase currency and equivalent USD

The card functions through a non-custodial model where users maintain control of their crypto until the moment of purchase. This approach differs from many competing cards that require users to convert crypto to fiat before spending.

The technical integration includes:

• Seamless connection between Bitget Wallet and the card system
• Support for Apple Pay, Google Pay, and PayPal for digital and contactless payments
• Ability to view card details and transaction history directly in the Bitget Wallet app
• Top-up functionality specifically for USDC on the Base network

User Experience

The Bitget Wallet Card offers a streamlined user experience through the Bitget Wallet mobile app (available for iOS and Android). Key aspects include:

• Card application and management directly within the app under the "Bank Card" section
• Ability to view card details, transaction history, and balance in real-time
• One-touch card freeze/unfreeze functionality for security
• Simple top-up process using USDC on the Base network
• Easy addition of the card to Apple Pay, Google Pay, or PayPal for contactless payments

Support is available through multiple channels:

• Email support
• Telegram and Discord communities
• Social media (X/Twitter)
• In-app help section

Early user feedback has been largely positive, with users particularly appreciating:

• The ease of setup and integration with mobile wallets
• Quick KYC process (often approved within minutes)
• Seamless spending experience at merchants

Common points of feedback include requests for physical cards (which are under development), expanded regional availability, and support for additional cryptocurrencies beyond USDC.

Best Suited For

• Existing Bitget Wallet users who want to spend their crypto assets without manual conversions or bank transfers
• International travelers who benefit from the competitive 1.7% foreign exchange fee compared to traditional bank cards
• Privacy-focused crypto users who value the non-custodial model that maintains self-custody until point of purchase
• Mobile payment enthusiasts who prefer using Apple Pay, Google Pay, or PayPal for contactless transactions
• Crypto holders in supported regions outside the US and Canada looking for practical ways to use digital assets

Pros and Cons

Pros

• Non-custodial model preserves user control of funds until the moment of spending
• Zero fees for USD transactions and no annual/monthly fees
• Instant virtual card issuance with immediate mobile wallet integration
• Competitive 1.7% foreign exchange fee for international purchases
• Optional yield program for earning returns on idle balances
• No staking requirements to qualify for the card

Cons

• Limited to USDC on Base network for direct funding
• Not available in major markets including the US and Canada
• Physical cards not yet available (only virtual cards)
• No permanent cashback program (only time-limited promotions)
• ATM withdrawals not currently supported
• Relatively new to market with limited long-term track record

Conclusion

The Bitget Wallet Card successfully bridges the gap between crypto holdings and everyday spending, offering a practical solution for using digital assets in the real world. Its standout feature is the non-custodial model, which keeps users in control of their funds until the moment of purchase—a significant advantage over many competing cards that require pre-funding a custodial account.

With zero fees for USD transactions, no annual fees, and a competitive 1.7% foreign exchange fee for international purchases, the card offers good value for regular users. The instant virtual card issuance and seamless integration with mobile payment systems like Apple Pay and Google Pay enhance its practical utility.

However, the card does have notable limitations. Geographic availability excludes major markets like the United States and Canada, and the card currently only supports USDC on the Base network for direct funding. The lack of a permanent cashback program and physical card option (though under development) may also deter some potential users.

The Bitget Wallet Card is particularly well-suited for existing Bitget Wallet users, international travelers, and crypto enthusiasts in supported regions who want a straightforward way to spend their digital assets without sacrificing custody until the point of purchase. As the card program matures, the planned addition of physical cards and potential expansion to more regions and currencies could further enhance its appeal.

Additional Information

Bitget's Broader Ecosystem

The Bitget Wallet Card is part of Bitget's "PayFi" strategy to bring real-world payment utility to crypto assets. Bitget operates both a centralized exchange and a non-custodial wallet (Bitget Wallet, formerly BitKeep). The company has been expanding rapidly, claiming tens of millions of users across its platforms and actively pursuing regulatory compliance in multiple jurisdictions.

The card represents an important bridge between Bitget's crypto services and traditional payment infrastructure, allowing users to seamlessly move between the crypto and fiat worlds without leaving the Bitget ecosystem.

Security History

The Bitget Wallet (previously BitKeep) experienced a security incident in December 2022 when attackers injected malicious code into a spoofed version of the app, leading to over $8 million in user funds being stolen. Bitget responded by pledging to fully compensate affected users and implementing improved security measures.

While this incident predates the card launch, it highlights the importance of downloading the app only from official sources and maintaining good security practices. Bitget has since established a $300 million User Protection Fund to safeguard user assets, demonstrating a commitment to security and user protection.

Bitget is actively pursuing regulatory compliance globally, with licenses and registrations in multiple jurisdictions. In Europe, the company is preparing for MiCA (Markets in Crypto-Assets) regulation by securing VASP registrations in several countries. This proactive approach to regulation suggests a commitment to long-term operation and compliance, which bodes well for the card's continuity and potential expansion to more regions.