The Markets in Crypto-Assets Regulation (MiCAR) is a new regulation from the European Union that sets clear, unified rules for the crypto industry across all EU countries. It officially came into effect in June 2023 and aims to make crypto safer, more transparent, and more reliable for everyone—whether you’re an investor, user, or business.

Beginner

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Understanding MiCAR: What the EU’s New Crypto Rules Mean for You

As Europe tightens its grip on crypto regulation, the new MiCAR (Markets in Crypto-Assets Regulation) is bringing more clarity — and confidence — for everyday users of digital currencies. One area it covers closely? Stablecoins.

Understanding Stablecoins Under MiCAR

The Bybit Card is a virtual Mastercard crypto debit card that lets you access your crypto funds quickly and easily, allowing you to spend your crypto wherever and whenever.

 and how to use them? Enter a whole new world of spending your crypto on the go with the Bybit Card. Not only is using this crypto debit card convenient and reliable, but it’s also a secure and fast way to make the most use of your crypto assets.

Let’s explore more on the Bybit Card and the limitless opportunities that it unlocks.

The Bybit Card is a Mastercard crypto debit card that lets you access your crypto funds quickly and easily, allowing you to spend your crypto wherever and whenever.

 It comes in both virtual and physical versions, and is currently available to users in EEA and CH regions, AIFC, Australia, Brazil and Argentina. 

Brought to you by Bybit and Mastercard, two of the leading innovators in fintech, a Bybit Card is the perfect way to ensure that you’re always digital-ready for everything crypto.

As a reliable and convenient way to off-ramp your crypto and spend on the go, the Bybit Card helps you to maximize and fully integrate crypto into your daily life. With it, you can utilize your earnings from Bybit's full suite of trading products and pay for your shopping — instantly.

As you make purchases, you can enjoy between 2–10% cashback, depending on your Bybit VIP level, with an for New Bybit Cardholders who sign up between Jan 1, 2025, 6 AM UTC, to Mar 31, 2025, 11:59 PM UTC, with an 

 — including on Tomorrowland Brasil presale ticket purchases from Apr 4–6, 2025.

Unlock a world of exclusive perks with the Bybit Card Rewards Program — including rewards from partners, such as unique offers and special experiences. Plus, you can automatically earn interest on your idle crypto assets—even without making purchases, along with other 

Additionally, the Bybit Card is easy and affordable to maintain. It’s valid for three years and its virtual version comes with auto-renewal after expiration. There are no annual or dormancy fees

, although there may be a minimal 5 EUR/USDT issuance fee for the physical card based on your region. 

For the virtual version of the card, you won’t be charged any issuance or account closure fees. 

The only chargeable fees are the foreign exchange and crypto conversion fees for certain countries, as well as 2% ATM withdrawal fees after the first free monthly limit: 100 EUR in EEA and CH, 100 USD in Australia in AIFC, 95K ARS in Argentina and 550 BRL in Brazil.

Transacting using your crypto assets shouldn’t be complicated. As such, Bybit has created a way to make life easier for its users through this crypto debit card. The following are some of the unique selling points of the Bybit Card:

Over 90 million merchants accept the Bybit crypto debit card. All you need is to shop and pay at stores that display the Mastercard logo. As one of the leading global electronic payment providers, Mastercard has an expansive merchant network around the world. 

Bybit’s strategic partnership with Mastercard provides a secure platform for its users to conveniently pay for goods and services using cryptocurrencies.  

Currently, you can select and pay anytime, with one of the following six cryptocurrencies using your Bybit Card 

The transaction process is fast and straightforward since it is done directly from your Bybit account through an intuitive and user-friendly dashboard. We're also adding more crypto options and allowing multi-asset spending in a single transaction in the future, so stay tuned for the upcoming developments!

At Bybit, keeping our customers' funds safe is a priority. For that reason, we saw Mastercard as a perfect fit, since their platform observes strict security standards to prevent loss of funds and customer information. 

-enabled which is a cutting-edge fraud prevention technology that allows for consumer authentication when making online payments. When using your Bybit Card, you can comfortably shop knowing that there’s an additional layer of security present to keep fraudsters at bay.

As a customer-centric platform, Bybit provides 24/7 multilingual customer support for all its products, including the Bybit Card. We have a team of dedicated live agents to address any questions, concerns or inquiries related to your Bybit Card.

Bybit Card’s exciting Loyalty Rewards Program lets you earn Bybit Card Loyalty points every time you pay using our crypto debit card. Depending upon the Loyalty points accumulated, you can redeem them for different rewards. You can also activate the 

 function to automatically receive cashback on all purchases conducted with fiat and crypto in USDT, to be credited to your 

Bybit has over 20 trading products available on its exchange, including 

. With the Bybit Card, you can easily and quickly off-ramp your earnings and spend them to make online payments.

You can use the Bybit Card with online retailers and merchants all across the globe. With a Virtual Bybit Card, you can 

 once you’ve applied successfully, while a physical Bybit Card allows you to make online payments, as well as contactless payments in retail stores using point-of-sale (POS) terminals that support contactless payments. You can add Bybit Card to Google Pay (available for EEA and CH, Argentina, Brazil and Australia), Apple Pay (EEA, Argentina and Brazil) and Samsung Pay (EEA & CH and AIFC). 

Your virtual Bybit Card is activated automatically and is available for immediate use once your application is successful. In addition, you don’t need to activate foreign transactions separately. Your Bybit Card tier follows your Bybit account's VIP level. Please refer to 

 for more information on Bybit Card benefits for different VIP levels.

Managing funds on your Bybit Card is straightforward. It is, however, important to understand how your funds are deducted during payments, especially during times when you have insufficient fiat in your account. 

The Bybit Card doesn’t have a separate wallet. As such, it uses the balance in your Bybit Funding Account. To add funds to your Funding Account, you can use the 

 option or deposit crypto from other platforms/wallets.

When making a transaction using the Bybit Card, the fiat currency is automatically denominated based on the 

Once you pay using your crypto debit card and the transaction is authorized, the amount you’ve spent will be frozen in your Funding Account, and then it will be deducted once the merchant completes the transaction.

Should the merchant cancel (i.e., reverse) prior authorization or refund the transaction, the frozen amount will be returned to your Funding Account’s 

In a situation where there’s not enough fiat in your Funding Account to complete a transaction, your chosen crypto in your account will be converted to fiat to cover the deficit. 

Note that there’s a minimum crypto conversion fee of 1 EUR/USD, 5,000 ARS or 10 BRL.

Payments will automatically be denominated in the currency on your card, even if you’re making foreign transactions. 

If you purchase a product that’s charged in foreign currency, your funds will be deducted according to Mastercard's foreign exchange rate, 

 the Bybit Card foreign exchange fee of 0.5% for EEA, 1% for Australia, 7% for Argentina, 1.5% for Brazil and 2% for AIFC. 

For more information on exchange rate, refer 

When there are insufficient crypto and fiat funds in your Funding Account, the transaction will be declined. You can top off your Funding Account either through the 

 feature, or the direct deposit of crypto from external platforms or wallets via the Bybit dashboard.

Follow these five simple steps to pay using your Bybit Virtual Card:

You can use the Bybit Physical Card for both online and offline transactions. To make payment for online purchases, you can obtain your physical card details (i.e. card number, CVV and expiration date) either from the 

 in your Bybit Account, or the physical card itself. The Bybit Physical Card can be used for any in-store payments that support contactless chip and PIN purchases. 

 that there are contactless usage limits in Europe. A single transaction has a maximum limit of 50 EUR, and the cumulative amount of contactless payments is 150 EUR. Additionally, the maximum number of consecutive contactless payments is six. 

Your card will be declined if you make contactless transactions exceeding these limits.

In case of a dispute regarding a transaction you’ve made, we highly recommend that you reach out directly to the merchant involved if you wish to request a refund.

don’t recognize any particular transaction, or you otherwise suspect that your card credentials may have been compromised, you can choose either to freeze your crypto debit card immediately or replace it, and then contact our Customer Support within 45 days of the transaction for further assistance

Ways To Protect Yourself From Debit Card Frauds

As cybersecurity crimes continue to become more sophisticated, it’s important to learn how to detect them — and how to protect yourself from debit card fraud. It’s easy to detect suspicious activity on your Bybit Card, since you’ll notice funds missing in your Funding Account balance. 

Because your Bybit Card is available virtually, you need to stay alert for any fraudulent activities. Here are some ways to help you prevent fraudulent activities on your Bybit Card:

Using a crypto debit card increases the liquidity of your digital assets and provides you the convenience of spending cryptocurrency in your daily life. 

Whether you’re paying bills or buying goods online, the Bybit Card helps you maximize your crypto usage while keeping your funds safe. 

It’s issued in partnership with Mastercard, so you can spend your preferred cryptocurrencies anywhere a merchant displays the Mastercard logo. E

asy to use with its intuitive mobile app, the Bybit Card gives you an efficient way to manage your digital assets on the go!

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What Is Bybit Card and How to Use It

Learn how to activate your virtual or physical Bybit Card here. All from ordering to activating your Bybit Card. 

Using credit and debit cards for crypto transactions is more convenient than you may expect. In fact, users are struggling to decide which virtual cards to use as they compare the benefits of both 

. Since you’re reading, chances are you’ve decided on the 

 for a change — and to unlock more rewards in different financial spectrums. 

In this guide, we’ll give you tips and tricks on how to get started with Bybit Card — all the way from card registration and ordering to activation and utilizing it. 

Bybit Card is a Mastercard virtual crypto debit card that lets all cardholders easily spend crypto funds, unlock crypto rewards in each transaction and earn additional yields. 

The fiat currency that Bybit Card supports is 

automatically denominated based on your Proof of Address (POA) provided during your 

 (KYC) process. Meanwhile, its eight supported cryptocurrencies are: 

BTC, ETH, XRP, USDT, USDC, TON, MNT and BNB. 

 your crypto and spend on the go. You can utilize funds earned from trading Spot, Derivatives, Options or Savings on Bybit to spend or pay for shopping expenses. 

The card also offers cashback and a Rewards Program, where accumulated points can be redeemed for unique offers and exclusive event access. Both the cashback and Reward Points vary based on the user’s 

One of the highlights of this card is its free annual or dormancy fee. Virtual cardholders are exempt from card issuance or account closure fees. However, users will be charged foreign exchange fees of 0.5% and a crypto conversion fee of 0.9% on top of the Spot rate. 

Another key benefit of Bybit Card is its convenience. The card automatically draws funds from your Bybit 

, so all you have to do is to simply deposit funds into your Funding Account. Furthermore, it can be added to digital wallets like Apple Pay, Google Pay and Samsung Pay. Finally, you can activate auto cashback to effortlessly enjoy your rewards.

Bybit Virtual Card vs. Bybit Physical Card

The Bybit Virtual Card functions similarly to a physical card, except that a Bybit Physical Card allows you to make in-store purchases that support contactless, chip or PIN payment. 

Bybit users who are eligible for this card and have passed the application process are entitled to use the Bybit Virtual Card instantaneously upon activation. 

However, users who wish to have the Bybit Physical Card must go through the 

The payment will be deducted directly from the user’s Funding Account on Bybit. Card delivery may take up to 30 business days to arrive, based on the preferred delivery method.

The Bybit Card application process is relatively simple and takes only a few minutes to complete. However, for security reasons, Bybit implements stringent requirements for Identity Verification in the card application completion process.

Follow the steps below to order your Bybit Card. 

: Sign up for a Bybit Account by filling in all of the details, such as your mobile number and email, and complete the 

to access the Bybit Card application page. Then, either click on 

: To complete the application, please select your 

: Fill in the details of your registered phone number and email address. If you haven’t set up the verification process, you’ll be prompted with instructions to set up Google two-factor authentication (2FA).

: For security reasons, applicants must set up their 

. Enter your email address and Google 2FA code to submit your application.

Only users who have successfully applied for the Bybit Virtual Card are eligible for the Bybit Physical Card. 

Note that the Bybit Physical Card is currently not supported in Brazil.  

To initiate the process, please follow these steps:

: Click on the Physical Card application banner, and you’ll be led to a box to fill in details. 

: Set and verify your card PIN, which will be used for ATM transactions. 

: After confirming your details, click on 

: Once the details are verified, you may be prompted to the application page to complete the process by clicking on 

: Complete the application by paying a 5 EUR/USDT issuance fee for the Bybit Physical Card. Choose the desired payment mode and click on

 The pop-up on the screen should confirm your payment and indicate your application is successful. You may click on 

Card delivery might take up to 30 business days. Currently, only 

 users enjoy the DHL delivery tracking services. Please refer to this 

 if you haven’t received your card within 30 business days.

Which Countries of Residency Are Eligible for the Bybit Card?

Bybit users living in the following countries are eligible to apply for and order a Bybit Card. 

The Bybit Card is currently only available for users with a residency from countries in the EEA (excluding Croatia, Iceland, Ireland, Liechtenstein, France and Romania) or Switzerland, Australia, Argentina, Brazil and AIFC.

The Bybit Card can be used wherever merchants accept Mastercard. Since the Bybit Card is a debit card, you cannot use it for credit card transactions. Users can also withdraw cash with their Bybit Physical Card from any ATM worldwide that supports Mastercard. Illegal use in connection with your Bybit Card is prohibited, and may result in termination of your Bybit Card agreement. 

There is a 2% Bybit Card ATM withdrawal fee for any monthly amount that exceeds 100 EUR in the EEA, 100 USD in Australia and 95k ARS in Argentina. 

Bybit Card foreign exchange and/or crypto conversion may also apply (if any). Some ATM merchants may charge an ATM Access Fee, and/or may prompt currency conversion to your card currency. These fees and services are provided by the ATM service provider.

Here’s an overview of the applicable fees: 

Using Contactless Payments With a Bybit Physical Card

You can make contactless payments with your Bybit Physical Card at retail merchants with contactless-enabled point-of-sales (POS) terminals. Please note that in order to initiate contactless payment, you’ll first need to complete a chip and PIN transaction (that is, insert your card into a POS terminal and authorize it with your PIN) using your Bybit Physical Card.

In Europe, contactless payment limits under the PSD2 regulation also apply to your Bybit Card. Currently, the maximum amount for a single contactless payment is 50 EUR, and the maximum cumulative amount for contactless payments is 150 EUR. 

The maximum number of consecutive contactless payments is five (5), and any contactless payment transaction exceeding these limits will be declined. You may reset the limit by performing a chip and PIN transaction on your next payment, after which you can once again make contactless payments.

We understand that accidents do happen, so we’ve streamlined the process to help you get a new Bybit Physical Card. 

To initiate the replacement process, you’ll need to report the loss or damage of your physical card by following the steps below. 

: Log in to your Bybit account and head over to the

Select the cause for the replacement. If your card has been compromised, choose ‘It’s lost or compromised (fraud, stolen, etc.)’. If you still have it in your possession but wish to replace it due to damage, choose the option‘It’s damaged or doesn’t work.’ and click on

 to initiate the replacement process for a new Bybit Physical Card. 

Need more help or info related to your Bybit Card? We’re here to help. 

The Bybit Card has been created to help you off-ramp your crypto and earn more rewards as you spend. We understand some crypto credit or debit card application processes may be lengthy and complicated, so we’ve simplified everything for you to get started without hassle. Simply prepare your verification documents, such as proof of address and identity and a valid email address, and you’re all set. Start spending and earn with Bybit Card today.

Intermediate

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How to Order and Activate Your Bybit Card (A Complete Guide)

Bybit Learn

Trading

Crypto

There are plenty of traders and gurus in the crypto realm, but are they who they claim to be? Find out some of the best here.

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For some people, crypto and stock trading are personal hobbies on the side. However, more and more people are pursuing a trading career. These traders put a lot of work into analyzing the market, trading assets and purchasing options. If their strategies work well, they can reap impressive profits. Whether you want to be a full-time trader or not, it pays to learn about what successful traders do. Taking a look at these top traders can help you refine your own strategies and understand what trading techniques work best.

What Characteristics Should a Good Trader Have?

Whether traders are forex trading or working for a high–net worth individual or a hedge fund, they’ll have different backgrounds, education and cultures. Nevertheless, there are a few key characteristics that traders in both cryptocurrency and traditional finance markets share.

Many high-value trades take a lot of time to finalize. A successful trader is willing to wait until the optimal moment, instead of getting bored and selling instantly. Effective traders are also patient enough to keep trading through market downturns, instead of getting discouraged when they don't make an instant profit.

The best traders put a lot of time and effort into their trades. Before making decisions, they analyze past performance, research companies and examine market trends. A good trader also learns about economic and financial theories that can help inform their decisions.

Financial markets fluctuate, but a good trader won't panic. By avoiding overly emotional responses, a smart trader can make practical decisions, as opposed to being influenced by fear and anxiety. In addition to not excessively stressing about losses, good traders avoid being overly optimistic. They won't let internet hype and false promises trick them into paying too much for a popular — yet worthless — asset.

How Long Does It Take to Be a Good Trader?

Like any other proficiency, trading takes time to learn and hone the skills. Even the best traders in the world don't start making millions of dollars their first week. Most traders need 

When you look at well-known traders, you'll notice that most have substantial experience within the trading scene. To become a true success, you need several years of consistent experience. People usually only become truly impressive traders after three to seven years of analyzing endless historical market data, using all sorts of 

To learn more about what it takes to be a famous trader, check out these real-life success stories. Here are ten of the best traders in the industry.

This legendary trader once made $300 million with a single trade. Krieger is one of the top foreign exchange (

) traders, having made a huge profit during a tremendous market downturn in 1987. While other traders were panicking about plummeting stock values, Krieger shorted the New Zealand dollar and made millions.

Krieger is famous for his ability to stay composed and focus on the positives in any situation. His trading history shows that even major market losses can be a great opportunity. Krieger currently offers trading lessons to new traders looking to benefit from his decades of experience.

Richard Dennis is famous for turning a $400 trading account into a $200 million account in just 10 years. He’s also a firm believer in the accessibility of trading. Under Dennis's guidance, other traders have managed to make profits in excess of $1 million.

The main secret to Dennis's strategy is to start small. He encourages day traders to work only with small sums so that they can learn and make mistakes without losing all their capital.

Ross Cameron is mostly well-known for creating 

. This chat room is a gathering place for day traders to network and discuss their strategies. Not only can Cameron make upward of $200,000 in a single year, but he's also a successful YouTuber with over 1 million subscribers.

Cameron's main trading strategy focuses on low-priced stocks with a lot of momentum. He mostly works with stocks under $20 and performs simple, repetitive trades. Cameron says most of his day focuses on identifying promising stocks and performing risk management analyses.

Steven Cohen is known for being one of the most successful hedge fund managers around. With an estimated net worth of over $12.8 billion, Cohen is certainly successful at his job. In addition to trading, Cohen also runs his own investment firm.

Cohen's main advice to traders is to make sure to look at the big picture. Even if an individual stock or crypto is promising, it can't perform well when the entire sector and market are down. Therefore, Cohen recommends following broad market trends and adapting as soon as the market changes.

As a college student at Tulane University, Timothy Sykes made over $1 million in day trades. He started with just $12,415 and worked with penny stocks for three years. Sykes emphasizes the importance of constant, small increases, instead of attempts at making huge profits in a hurry.

. These services teach others to replicate Sykes’s trading techniques and provide users with helpful stock trade information.

Rayner Teo is an independent trader who’s known for his popular YouTube channel, TradingWithRayner. With over 1.7 million subscribers, Teo influences a lot of modern traders. His success relies on his realistic approach to trading.

Teo's main strategy centers on avoiding loss. In his view, not losing money is more important than earning it. By understanding technical elements, such as 

, his students can prioritize slow yet steady gains.

Kathy Lien started at JP Morgan Chase when she was just 18. She’s now an independent trader who runs

. Lien mainly focuses on the forex market, but she also does some day trading and swing trading.

Lien recommends that people carefully research promising opportunities and find specialized niches. Her strategy also emphasizes the importance of taking profit at regular intervals to help offset potential losses.

Sasha Evdakov has written several books on the subject of trading, 

 YouTube channel with trading videos. He's known for his ability to take complex market concepts and explain them in an easily understandable way.

Evdakov primarily focuses on swing trading, which involves holding market positions for lengthier periods of time. This requires a close understanding of market conditions, but it can result in impressive profits.

Andrew Aziz is a day trader known for emphasizing research and market study. Originally a chemical engineering scientist, Aziz pivoted to day trading and made impressive profits. He then wrote 

 that have provided helpful tips for other prospective day traders.

Aziz emphasizes the importance of risk management and simplicity. He encourages traders to use easily understandable strategies, like support and resistance trading, and his books recommend never risking more than 2% of your total capital in a trade.

Mark Minervini is one of the most iconic day traders because he started with just a few thousand dollars and has made millions. A look at Minervini's trading history reveals that he once made 220% profit for five years in a row, and even in his worst year still made a profit of 128%.

The secret to Minervini's success is about patience. Instead of trying to time the market perfectly, he finds it's better to identify trends, purchase accordingly and then wait to see how the trend progresses. Minervini believes several low-profit trades can be more effective than a single high-profit trade.

How Much Can a Top Trader Make From Day Trading?

On average, a day trader can make as little as $34,000 per year or 

. The absolute best of the best can make quite a bit more. Some of the leading solo traders report making around $200,000 to $300,000 a year.

Keep in mind that the amount of money you make is closely linked to the amount you invest. An independent trader with around $10,000 to invest can potentially make six figures. However, traders who work for investment firms and have more capital can make millions of dollars worth of profit.

As with any other discipline, the best traders tend to be people who are willing to put in a lot of work. Like most other careers, being a stock or crypto trader doesn't guarantee overnight success without any effort. If you want to join the ranks of legendary crypto traders, you'll need to take time to learn about the industry. Following in the footsteps of other top traders can be a great way to learn which trading methods work best.

Disclaimer: This content is purely for educational purposes only. This does not endorse the listed traders or Bybit products or services. The strategies and the traders discussed above in this article are not intended to be financial advice. Users should consult professional financial advisors before making any financial decisions. 

10 Top Successful Traders to Know in 2023

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