Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

BitMart Card

BitMart · Visa

2.0/5 1.0/5 · Data verified on

The BitMart Card is a Visa card issued by the BitMart exchange, available in 115+ countries (not the US). It is custodial: spending draws on crypto held in the BitMart account (USDT, USDC, BTC, ETH and others), converted to fiat at payment. Three tiers: free Virtual, Plastic (~$70) and metal Platinum (~$120), all with no annual fee. Cashback from ~3.5% up to 5.5% on dining and groceries; 1.3% FX on foreign currencies. ATM is capped (~$1,000/month) and KYC Level 2 is required; issuer and licensing partner are not disclosed.

The number that matters

The banner cashback isn't what you pocket.

After FX markup, fees and withdrawals, on an average profile of €1,000/mo (20% abroad).

Advertised cashback 5.5%
Real net cashback 4.4%

Data verified on Jun 22, 2026 · personalise the calc

31
Transparency: Very low
31/100 · see methodology
31
Data exposure: Minimal
31/100 · lower is better for sovereignty · methodology

Data & conditions

§ Amounts in USD/GBP are shown in the service's native currency.

Network Visa
Fund custody Custodial (platform holds funds)
Issuance fee Free
Annual fee Free
Free ATM limit up to ~$1,000/month; $200-1,000 free then 2%
ATM withdrawal 2%
FX markup 1.3%
Cashback 5.5% · Nessuno
Contactless Yes
Virtual card Yes
KYC Full
Privacy 2/10
Supported countries EEA, UK, APAC, LATAM, MENA, AFRICA · 115+ countries
Funding / solidity BitMart è un exchange crypto operato da Bachi.tech Corporation, con sede a Grand Cayman (Isole Cayman), fondato nel 2017. La carta è emessa da Reap (Remit) Limited (Hong Kong) con program manager Prime Finance Group Limited (Hong Kong).
Estimated net annual cost €0/year
Regulator Hong Kong Customs and Excise Department (licenza MSO dell'emittente)
Segment B2C
Funding / solidityBitMart is a crypto exchange operated by Bachi.tech Corporation, headquartered in Grand Cayman (Cayman Islands), founded in 2017. The card is issued by Reap (Remit) Limited (Hong Kong) with program manager Prime Finance Group Limited (Hong Kong).
MiCA / License status Card issued by Reap (Remit) Limited with program manager Prime Finance Group Limited in Hong Kong, under a Money Service Operator (MSO) licence. BitMart is not listed among MiCA-licensed exchanges in the EU.

Strengths

  • Broad global availability (115+ countries)
  • Competitive cashback up to 5.5% on dining and groceries
  • No annual fee across all tiers, with a free virtual option
  • No notable sovereignty advantage documented.

Weaknesses

  • Custodial: assets stay in the BitMart account, no self-custody
  • Not available in the United States
  • 1.3% FX and 2% ATM beyond the free allowance; issuer/licensing undisclosed, Cayman-based operator with limited regulatory transparency
  • Custodial: the platform holds your funds and can freeze or lose them.
  • Full KYC required: verified identity, zero pseudonymity.
  • Subject to regulation (Card issued by Reap (Remit) Limited with program manager Prime Finance Group Limited in Hong Kong, under a Money Service Operator (MSO) licence. BitMart is not listed among MiCA-licensed exchanges in the EU.): reporting to authorities and freezes on order.

Verdict

C D ★ 2.0/5 ★ 1.0/5 Estimated net annual cost: €0/year

Weak protection: Cayman-based operator with issuer/program manager in Hong Kong (MSO licence), no disclosed EU authorisation and custodial funds held in the BitMart account.

Minimal sovereignty: fully custodial, assets stay on the exchange, mandatory KYC Level 2 and no self-custody.

Privacy & anonymity 30% 0.5
Fund control 20% 0.0
Censorship resistance 20% 1.5
Costs 10% 3.4

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

FAQ

Is the BitMart Card available in the US?

No: the card is available in 115+ countries but excludes the United States.

What card tiers exist?

Free Virtual, Plastic (~$70) and metal Platinum (~$120), all with no annual fee.

Sources

Show 1 more source

Update history

✓ Terms unchanged since Jun 22, 2026

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