CoinsOnCards

    Binance Visa CardReview

    Discontinued custodial Visa debit card for spending crypto directly from a Binance account.

    · Updated: Discontinued in EEA as of December 20, 2023
    Visit issuer
    Cashback
    Up to 8.0%
    Custody
    custodial
    KYC
    full
    Networks
    —
    Monthly fee
    Free
    Available in
    —

    The verdict

    Best for: Active Binance users holding BNB to maximize up to 8% cashback.

    Skip if: You live in the EEA, where the card was discontinued in December 2023.

    • Tiered cashback up to 8% requires holding significant BNB.
    • No annual fees, but a €25 fee for express delivery.
    Get the Binance Visa Card

    How it works

    • {
    • "Real-time Conversion": "Automatically converts crypto from the user's Binance account to fiat at the point of sale.",
    • "Multi-Currency Support": "Spend directly from BTC, BNB, ETH, USDT, and other balances in the Binance Funding Wallet.",
    • "Global Acceptance": "Accepted at over 60 million merchants worldwide where Visa is accepted.",
    • "Card Management": "Freeze the card and manage security via the Binance app.",
    • "Top-Up Method": "No pre-loading required; spends directly from the Binance Funding Wallet balance."
    • }

    Funding: Direct spending from Binance Funding Wallet balance

    Rewards calculator

    Estimated cashback
    $2
    Effective rate 0.10%
    • $0–∞ @ 0.10% → $2 on $2,000

    Custody & risk

    • If the issuer disappears
      If Binance ceases operations, users could lose access to card funds and any unwithdrawn crypto held on the platform.
    • Regulatory risk
      Card discontinued in EEA during period of increased regulatory scrutiny for Binance across multiple jurisdictions
    • Counterparty risk
      Custodial model means if Binance ceases operations, users lose access to card funds and any unwithdrawn crypto
    • Market risk
      Subject to cryptocurrency price volatility

    Users' crypto assets must be held in their Binance Funding Wallet. Binance controls all private keys and converts funds to fiat at the time of purchase.

    Protections

    • PIN Protection for ATM withdrawals and large transactions
    • Card Freezing capability through Card Dashboard
    • Secure Details - card number, CVV, and expiry accessible only after 2FA verification

    Limits

    notes
    Specific spending and withdrawal limits are not detailed in the provided source material.

    The good

    • Up to 8% cashback paid in BNB.
    • Instant crypto-to-fiat conversion at POS.
    • Accepted across the global Visa-network.
    • Supports spending BTC, ETH, BNB, and USDT.
    • Supports Google Pay and Samsung Pay.

    The catches

    • Discontinued in EEA as of December 2023.
    • Cashback rates are tied to BNB holdings.
    • Vague requirements for cashback tiers above 0.1%.
    • Spending power subject to BTC/ETH/BNB volatility.

    Limitations

    • majorDiscontinued in the European Economic Area as of December 20, 2023
    • moderateCashback rates tied to BNB holdings, requiring investment in Binance's native token
    • moderateSubject to cryptocurrency volatility
    • moderateGeographic availability was restricted to specific countries
    • minorRequired completion of Binance KYC verification
    • minorLimited detailed information on tier requirements