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Binance Visa Cards Are Now Available in Europe. Get Up to 7% Cashback.

With the Binance Visa Card, you can use the crypto assets in your Binance account to spend and transact at more than 60 million locations around the world, wherever Visa is accepted. In addition, you can now link your Binance Card virtually with Google Pay and Samsung Pay.

When you use your Binance Visa Card, you don’t have to worry about fees from our side. We charge zero subscription or maintenance fees, and transactions made in Euros are free of transaction charges (third-party fees may apply*). To make the deal even sweeter, for every purchase that you make with the Binance Visa Card, we are offering up to 7% cashback, the highest rate available in the market today! A virtual card will be available to you for immediate use upon approval of your application.

The Binance Card, powered by Swipe, works like your traditional debit card, but instead of fiat, you’ll be holding digital assets, such as BTC, BNB, SXP, and BUSD. Your card is linked to a Card Wallet within your Binance account, and you can replenish this wallet with funds stored in your Spot Wallet.

How to Get a 7% Cashback on Your Fee-Free Binance Card

The more BNB you hold (based on the average amount of BNB you held over a 30-day period), the higher your cashback rewards will be, and you’ll receive that cashback in the form of BNB. Here’s a breakdown:

For example, you have 200 BNB in your Spot Wallet, 2,000 BNB in your Futures Wallet, and 20,000 BNB in your Launchpool account. We add all your BNB balances in your Binance account, regardless of where you use it, to determine your cashback rate. No need to worry about arbitrary rules or restrictions. In this case, you will have 22,200 BNB in total, which grants you the 7% cashback rate!

https://i.imgur.com/uC6spPC.png

https://www.binance.com/en/blog/421499824684900992/Binance-Visa-Cards-Are-Now-Available-in-Europe-Get-Up-to-7-Cashback?ref=JLI1VBLA&utm_source=BinanceFacebook&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

It’s really good news but tbh 6k of BNB is too much. I own a few dozen only so I can get 2-3% cashback. I believe that Binance will offer something more than just a cashback for BNB holders. Let’s wait!

So to get cashback you have to buy and hold Binance's token, and your cashback is paid in more of Binance's token? Seems like a pretty good way of artificially pumping the price of their token more than anything else. They don't actually have to pay out anything in cashback here, because if a users wants to convert their cashback to BTC or fiat it will be other users they are selling their BNB to, not Binance.

Also, make note of the following:
As with everything to do with Binance, expect your personal information to be splashed around an unknown number of servers controlled by a bunch of unknown third parties and potentially hacked or leaked in the future.

Yeah, Binance card teem is sly asses, now they need nothing to do to promote and pump their token. The progress of the token will depend only from popularity of the card and surly it is going to be in demand, because of - who doesn't want a cashback?!

Even though we seem to agree on the fact that these cards are only made to pump the price of BNB which has been sepculated to be a pump and dump a long time ago when it reached the two digit price range and continued upward, still people will use it and attempt to gather the rewards and use them. Just like people use a bank credit/debit card in any other country.

Bigger holders of BNB get bigger rewards. So the point is simple, just buy more and keep getting more, overconsumption to allow the owners to make more money. :D

I think that the cashback is not the only plus there, but I don't know for sure what will be the real costs of the card.

The competition usually has unrealistically bad exchange rates. The competition usually has monthly fees, or card issuance fee, or top up fees. Also the usual 3% extra Forex exchange fee for those not living in Eurozone is bad. Since Binance promises to solve (most of?) these, it's already a winner, with or without cashback. Also on Binance you'll keep your funds in crypto all the time, which most cards don't offer and many were asking for that.

I've ordered their card to see how is it going and if I'll really use the card I think that I won't get cashback, since I probably won't keep BNB for that.

Hurry up, it's now 8%!!!

https://i.imgur.com/Hawmc0l.jpeg

Don't miss this offer!
Oh, and in order to qualify for the 7% , you have to hold 6000 BNB, or around 150k$ on Binance in their token. For 8% you have to hold nearly 500k US in their tokens, who wants to risk that much and first thing, who has that much available.


Wirex has the same stuff, more cashback if you hold their wirex token, in started almost a year ago and probably it's the only thing that puts me off having any serious funds ever stored on them.

Second , why do they say they have free transactions when it's clearly says 0.9% on their support page?
https://www.binance.com/en/support/faq/8a95adf442d646438f731ccec889b830

Also, lol:

The 0.9% is not so much worrying alone. But they also say

On the other hand the Swipe CEO said (but I couldn't also verify on Binance pages) that the FX fees

This should be quite a difference from the competition I know.

My goodness, you need to hold 500 tokens worth of some thousands USD just to enjoy a 5% cashback? Man, I can get the same offer without holding any tokens here.

Dunno if they're being so confident that people will start using their cards or they're simply clueless about what their competitors do.

The way they spread the news is very strange, they say that the cashback is 7%, but the details of that 7% seem complicated.
The card does not contain fees because it makes BNB's currency more valuable, and the fluctuation in its price will create more financing for them.
How will the balance be deducted? Will the balance be randomly deducted from the currencies or will you determine which currencies the balance will be deducted from first?

Generally, the service is not bad, but I don't think anyone would prefer to pay in cryptocurrencies more than bank balance, knowing that its value will increase (at least it will not be the first choice.)

Really expensive just to get 5% cashback. Won't be surprised if this will not be a hit in the market. And they will change their percentages here very soon once they realized they are not getting much clients. Wonder when will this hit in the Asian market? But the required tokens should be low as most Asian customers can't afford to hold that much number of tokens.

But besides that there is another step in which you move a certain amount of funds from your Binance account to your card wallet, only those funds will be spent. And no surprise there:
So you're going to have to either transfer your altcoins into BTC or into their tokens, and that would also be done, on their exchange :).


To the general public as all cards, it presents nothing special, but it's a good way to cashout for people that make gains in crypto or the ones that they think they are avoiding banks and authorities by purchasing stuff with it. At least it's way better than an BATM.

Their target is not customers who can't afford 1-5k, they are not delivering a product that is tailored for everyone, just as VISA pays little interest on the consumers who make less than 300$ a month.

It is good to have Binance card available worldwide but I would never hold 6000 BNB tokens or around 150k$ on Binance exchange just for that 8% cashback, but I am sure lot of regular traders will do it. Looking at BNB chart I still don't see big change in price, maybe because of recent dump.

Is there any list of all supported countries for this card?

Yep, here's the current list:

truly to say, cex.io now offers 0% fee Visa card deposits for its users (almost all over the world), so binance should think about better conditions for their users?

I have been using CEX.IO for a long time and I must say that they provide an excellent service, I have nothing to complain about.

---

this Binance card is in the same places that all card companies are, I wonder why someone would stop using other providers to use binance? what is incomprehensible to me Is why does VISA not allow the use of this service in Africa? What does VISA have against the African continent?

Binance offers cashback and also rewards in BNB for visa card user. In contrary, CEX.io needs to offer 0% fee because they don't have many user compared to binance which caters most of the crypto traders card transaction. Surely if they get the volume of Binance user, They will remove that offer immediately. That promo is just temporary to attract new user to use there exchange.

That shit exchange refuses me to withdraw my money even after I passed their verification process. Now they want a face verification and I got the feeling somehow they won't stop there.

I was using it anonymously before but randomly they said that I triggered their security systems because something abnormal has happened which is bullshit because after I did a small research, I learned it is happening arbitrarily to many people which makes me think,

Binance is either fucking insolvent or they are just assholes.

edit: problem got solved. I still hated it that I had to verify myself to move my funds out.

i read in cex telegram channel that it's a limitied promo available till the end of september ?

My experience with Binance card.

Last week I have receive an email that my card is ready to be issued and I immediately ordered it. This morning I've checked my mailbox and found and envelope there with the card. Got my card in less than 1 week. It was delivered from Germany via Deutsche post.

I've transferred small amount of funds from spot account to the card just to test it. To be precise 18$ worth Swipe (SXP) tokens. Then I've finished my work and went out for a lunch. I've tried to check my card balance on the ATM screen but it just spit my card out. Tried to withdraw 10 EUR several times - got my card back again. Tried 5 EUR - same result. Then I took a risk and entered local shop (wearing mask of course) and tried to use it to pay for my purchase (around 1.5 EUR) - had to capitulate and use regular card...

Not satisfied, 1/5 stars just for quick delivery and easy UI on binance.com

so you failed to use it on ATM or POS terminal, right?
Did you check on Binance, maybe you need to activate it first, or you've already done it?
I didn't look in their app but maybe also there you need to enable using the card for offline payments, ATM etc...

I've failed at everything.

My card is activated. The only way to activate it is to type CVV code. On the "Card" section my card is "active" and it has a green light.
I've top up its balance yesterday with some bitcoin. Now its balance is about 200 EUR. Hour ago I've tried to pay via POS terminal using contactless method (card has a logo of it) and by inserting card in terminal - nothing worked. Tried to withdraw 100 EUR. Same result.

I havent found any buttons, switches or a place where I can put a tick to enable offline payments. Binance does not have that kind of option at all. From the list that was in mail, it should have worked straight out of the box, I just need to top up it. Gonna contact Binance support right now. At least this useless so far card cost me nothing.

P.S. My cards balance consist from Bitcoin and Swipe, but it has a EUR currency also. Maybe I need to first convert my crypto to EUR. But this is the issue, why should I have an option to top up it with different crypto? And as I remember, Binance should make all the exchanges using VISA exchange rate. It should not be that complicated for user to use the card.

Has anyone been able to use this card outside the Eurozone (but ideally still within the EU) and could tell what are the effective fees?

Binance claimed that the conversion is done automatically and you can even specify the order in which coins are converting to pay the merchants.
This was one of the things that almost made me sign up for one since my current experience with Wirex is not that great, especially this conversion when I have to change BTC to euros and then go to the card page and load a number of Euros from the balance on it, unnecessary pain in the ass.

Anyhow, ATMs and POS have errors messages hasn't at least one told you why the payment or the card got rejected? I know this because I've encountered them all, I used to carry all the useless stuff in my wallet, and once I picked up a card that was expired 4 years ago  ;D, insufficient balance, an inactive card, even ATMs usually throw you a receipt with the error printed.


I'm also interested to see how much you get fleeced if you try to withdraw some local currency with it outside the EURO zone, I don't remember well but Wirex managed to reach something above 10%..

I've used my virtual card (since the real one didn't arrive yet) a couple of times and it uses the currencies based on the order set there.
In my case if I had EUR on it, it used those, and if those were depleted, it has been using from the bitcoins there.
But, very important, the funds have to be in the Card wallet, not in Spot (unless a certain checkbox is checked).

So:
1. You should not have to exchange to EUR if you don't want to.
2. Your available funds should be in the Card wallet.

If those conditions are met.. maybe their support can help you out....

The only message I've got was "declined" or "cancelled", or something like that. ATM did not print me anything, it just allow be to select other steps (check balance, withdraw amount and etc) and then spit the card out.


I have 0.007 Bitcoin and 21 Swipe on card balance, but 0 EUR. I've talked to support and they confirmed that I did not have to manually convert funds to EUR to be able to pay in EUR or withdraw them. Them offered me yesterday, to try to withdraw or pay with that card today, and if I failed again, contact them again. I failed... But will contact them on Monday, as New Year celebration will start in a couple of hours :)

You seem to have everything in order.
Some things I'd add from my experience, although it was with Wirex:
1. The card may need to be entered into a ATM in order to be considered activated for real.
2. First ever POS payment should be with PIN
3. There is a good chance that if a shop has declined your card once, it will decline it next times too (my Wirex was still not working on the first shop declining it, although it works on the others).

Good luck and keep us posted!
And Happy New Year too :)

Withdrawing is almost always going to be expensive for a variety of reasons, but it'd be nice if it were truly possible to make non-EUR transactions with no extra fees (no currency conversion fees and conversions at market rates).

1. Perhaps, but on Binance.com my cards status is active, and I've inserted it into ATM numerous times when tried to withdraw cash. Strange that several ATMs instantly offer English language UI and several Russian language (my native), while official language is different.
2. Tried POS payment using contactless method and PIN
3. I've tried 4 different bank ATMS and two shops. I have a feeling that after these failures, my card already got into a "bad list" in local banks security system. Now every time I use this card banks decline it as a suspicious deal.

Anyway, I have this card for 3 days and it is a useless peace of plastic so far.

My 2021 year started with contacting Binance support.

I did tried to withdraw during weekend, but the result was predicted. I'll just drop few lines here from conversation with support (it will be a translated text).

"There was only one transaction on your card, it was unsuccessful for the reason that it was an authorization transaction with a zero amount, in this case you need to change the authorization amount"

"Such transactions usually use subscription services to authorize the card"

"Ask the service to change the authorization cost for you. Usually, such transactions take place with some minimum amount, for example, 0.01 EUR".

It seems that option "When you spend using your Binance Visa Card, it converts your crypto funds into your local currency automatically, allowing you to spend at 60 million locations around the world seamlessly." does not work. Support told me that it is my duty to go bank/banks and try to active card with this "authorization cost". I find it impossible to explain to bank operators what I need from them to activate my cryptocurrency card.

Suggestion from Binance Support:

*find that one ATM whos bank will work with Binance card
*find that one shop with POS terminal that will work with Binance card
*try to use it as a virtual card. I've asked if I can use it for Amazon or eBay, the answer was yes, but I already feel like I will have troubles.

In general, even though I'm trying to use Binance card in a country from "list of Country Eligibility for the “Pay with Bank Card” " - it does not work or work properly.

Sorry Binance, but I'm not going to run here and there trying to test or use your card, I'm going to search for an alternative (found crypto.com).

I just can not easily let go this situation and started digging. It turned out (for me) that if I exchange cryptocurrency to EUR by myself (simply using exchange) and add EUR to card balance, I'm able to withdraw EUR from ATM. "automatic conversion" does not work or work only for specific countries.

Solution for me - to-up card with EUR and not crypto. I have withdrawn 5 and 100 EUR and was charged 0 fee for this from Binance and my local bank. Next step - I will try to use card (with EUR on the balance) with POS terminal and maybe try toping-up with crypto and repeat withdrawing.

Which country did it not work correctly in? (so that others may know, too). [guessing redacted upon request]

Anyway, I'm still curious to hear about any reports on experience of using the card outside the Eurozone.

This one is interesting, you withdraw 100 euros from an ATM and you were not charged anything extra in your Binance account?
Even my bank was charging me when I had the basic account 0.5 euros to withdraw cash from ATMs that were not owned by them and as far as I remember there is only one bank here that is not charging extra people who try to withdraw with cards from other banks, banks still located here in my country and Eurozone.

This sounds a bit too good to be true but it's quite a small advantage compared to the rest and all that hassle is clearly a turn-off.


I know you were saying you're going to ditch Wirex, I assume following this that it wasn't for binance, you went to for the crypto.com card?

Here are two withdrawals from different bank ATMs

5 EUR test and 100 EUR I wrote above
https://i.imgur.com/jielUpr.png https://i.imgur.com/11MAMWm.png

Here is a contactless payment in POS terminal yesterday

https://i.imgur.com/BCxJihe.png

Card balance is already corrected, but it takes 2 days for payment to change status from paid two completed. This info might be useful to those who makes a prepayment and send transaction confirmation to receiver.

Noticed, that Binance count withdrawals as Ineligible for cashback and it takes 3 days for Binance to handle if transaction on the card is eligible on not.

 ;)
I am mad on Wirex, yet I didn't ditch them for now. I didn't have yet a better option hence I decided to also wait and see the new card fees.
And no, your assumption is incorrect. I did order Binance card, not crypto.com; just I'm waiting for it to arrive and meanwhile using their virtual card.

Another update.

After several successful withdrawals and payments in POS terminal with card (balance was toped-up with EUR), I've decided to check if automatic conversion becomes active (as Binance support told that there must be transaction with EUR be made first and it such option might be activated).

I have toped-up card with BTC, while it has 6-7 EUR available on the balance and tried to withdraw. ATM showed me message "insufficient funds" and gave back my card. Also I have received SMS notification with unsuccessful withdrawal.

1% cashback - works well with purchases.

I can also come with updates.

1. My card has also finally arrive (found it yesterday evening in the mailbox).
2. I had no issues at all, but:
 2.1. I've used my virtual card before.
 2.2. Since I was scared of all that was written in this thread, I've taken all the precautions
   * The first ever use was a withdrawal at ATM
   * The first POS use was with inserting it and entering the PIN
   * The first few attempts were done with some EUR in my Binance card account
3. At the moment I've opened the envelope and started the activation at Binance, the old virtual card went to oblivion (as a warning for those who may have saved the virtual card here or there).
4. I've also moved all my EUR back to Spot account in order to see if spending Bitcoin directly works (it did work in my virtual account, when I spent directly EUR, but now I'm spending RON). And it worked!

So I don't know what's the problem for @bakasabo, but for me it worked fine.
What came into my mind is that maybe the order of the Card currencies matters. In my case EUR and BUSD are the first to be spent, BTC comes afterwards.

Thanks for sharing your experience.

Maybe I should also try to move remained EUR to spot account and leave only BTC on the card. Maybe then, banks will start to count "my balance" in crypto, and not in euro only. Maybe this is due to you have used your card as a virtual one, but instantly tried to use it in ATM in few hours after I got it.

But I suppose that my problems are just my local/due to my local banks. The country I'm in is not the most developed, strongest, with banks that could impact on other country banking systems.

Update:

Just check my card balance and here what is what I have found:

https://i.imgur.com/3kgVto9.png

This is how "7 EUR and Bitcoin on the balance" withdrawal looks like. I've failed to withdraw, but Binance made automatic conversion today (withdrawal date was January 8 ) and I have now exactly 50 EUR on the balance... Also the amount on my Spot balance decreased today. Btw, I cant find any history of this conversion. I only see that I've spent 0.001299 BTC for that failure withdrawal, but according to my math (using Delta app to follow my portfolio changes), my BTC balance decreased for 0.001009150 BTC instead.

Conclusion - automatic conversion work, but it works weird.

P.S. Sorry for my not perfect English.

According to binance, fees of atm withdrawal are up to 0.9% but as I see from your screenshots, you get withdrawal with zero fees. How is that possible? Is there a certain limit where withdrawals from ATM are free or it's an individual task and depends on bank/atm?

Also, are you able to do a contactless withdraw from ATM? In my country, every bank charges high fees (more than 2%, usually 5%) when you try to withdraw from ATM via contactless way and is binance still capable to offer you not more than 0.9% fee?

How would you compare Binance card to XAPO?

I dont know why they charge zero fees for withdaraw or using POS terminal instead of 0.9% fee. Because when I ordered my Binance card I was ready to pay that fee. My card daily limits are 290.00 EUR withdrawals / 8,700.00 EUR spending. I guess this is default.

Before I've seen your post, I did not know ATM has contactless withdrawal option. This morning I've checked my nearest ATM and it had contactless logo - tried, but it did not react to my card.

I can not compare Binance to Xapo, as I dont have Xapo card.

Yesterday I wrote that automatic crypto-fiat conversion worked. Yes it worked and showed I have 50 EUR on the balance. But this morning ATM showed my balance is 0. Checked this on two different bank ATMs. Please write that someone else is having issues with the card. It cant be that I'm the only one who has troubles...  ::)

Seems that fee-less usage of the card was just temporary. Yesterday I was charged 0.9% for withdrawal. Today I was charged 0.9% for an online payment - my first usage of Binance card for purchase online. Gonna wait till January 18 to confirm that everything worked smooth :)
I think Binance gives commission free week from the day the card is activated.

If only automatic crypto conversion works well for me, I would be 100% satisfied with my card.

P.S. A week has passed since status of my crypto.com card changed to issued. Havent received it yet. In this case, Binance worked faster.

OK, I had my first issues too.
In a shop it said "contact bank", although I had enough EUR+BTC for the payment.
Now I wanted to check the card transactions and the website gives me "System busy"...

I'm having this system busy two. How this busy system is not the reason of issues. Otherwise it seems that ability to work stable is not about Binance card. It will be like a lottery, either your payment goes well or you will have to blush and try again or use other card.

"had enough EUR+BTC" - in total? I think you can count only on the amount fiat EUR you have on the card.

As I wrote in a previous post (see point 4) (https://bitcointalk.org/index.php?topic=5276231.msg56058417#msg56058417), I also had with the plastic card one successful payment when I had 0 EUR and "enough" BTC.

And with the virtual card I certainly had at least one payment that has spent 3 currencies (EUR, BNB, BTC), but the outcome was EUR, so I guess that their problem may be at conversion to national currency, but I don't understand the logic of the problem (in order to avoid it).

LE: And yes, I've noticed afterwards, payments have been processed correctly even during "system busy", so it can be ignored.
Also you're right, I started paying myself that "third party processing fee".

So, finally what's the conclusion? I ordered Binance card and will receive it soon but from your posts it seems that it's a waste of time and a headache to use that card in real life. Despite the fact that I own multiple cards with balances and can immediately send money from any card to any card, I thought of fully moving on cryptocurrencies and crypto card but I don't want to always be in an awkward situation.
I usually trade on Binance and like their platform, so using Xapo and binance at the same time is not an optimal solution

I hope you guys report these things to Binance and they'll fix all the problems. I wish they would profesionally launch this service.

Until now it looks like if you have fiat in your card wallet then you should be fine.
If you rely on automatic crypto-fiat conversions first, especially if the currency you want to spend is not EUR (for the EUR card), you may have surprises, but the logic behind them is unclear for now.

I've been Binance card user for almost 1 months, used it as my main card and here are my conclusions.

The automatic conversion still have issues. It works, but it slowly and it takes days for crypto to be converted on the card. If you top-up card with cryptocurrency, it will show equivalent in fiat as card total balance, but you wont be able to do with it instantly. If you use your card in ATM or POS terminal, it will say that you have insufficient funds. But your action of withdrawal or payment will be converted in few days.

Look how it works - you have have crypto on card balance, you use your card and try to pay 15 EUR for a bottle of wine. POS Terminal will display you dont have enough funds. When you check card balance next day, you will see crypto being converted to 15 EUR and now you have EUR on the balance...

Solution - exchange crypto to fiat on Binance and top-up card with it.
Binance did not charge any commission for first week usage.
Card was rejected on gas station terminal (attention to what is written about conversion above, so you wont get in funny situation).
Besides this - everything works fine.

P.S. waiting for crypto.com card for 21 days, still havent received it.

Not to hijack this thread, but has anyone also tried the new Bitpanda debit card? I'm a customer, and have in general quite a good experience, except I just offloaded my VIP status (which you get when you buy their tokens to a certain level, I liquidated as soon as it hit ATH and made a tidy profit, the VIP levels weren't ever very good to justify holding).

So it's only available to VIP. Could be yet another option/

I'm using my Binance card for about two weeks and I haven't come across those problems that you have mentioned. I keep funds on my card in BUSD (the only stablecoins that is supported) and I can spend it without a problem. I didn't make many transactions but few POS purchases and one ATM withdrawal went trough without a problem.

As for the fees, I received and activated my card on Jan 15th and yesterday I did an ATM withdrawal with a 0.5% fee, but that is probably just because of different currency exchange rates.

The only small problem that I had was changing the card's PIN number. I tried three ATMs of different banks and manage to change it on the fourth ATM.

I did my first purchase with virtual card while waiting for physical version almost immediately after I submitted for one and had no issues with paying using crypto. I planned to pay with BUSD but I forgot to change the order in which currencies are spent so I ended up paying with BNB instead. Purchase was in Euro though, so I don't know if that makes any difference.

One thing that bothers me is that cashback history is completely empty, even though they mention that cashback status should be "pending, "completed" or "declined" but it doesn't show anything. I have only few BNB but still should be eligible for that 1%. I tried contacting support, but eventually gave up after waiting for a couple of hours. Anyone else with the similar issue?


I couldn't find any info regarding that. It's weird that Binance didn't mention that anywhere if that's really the case. But I can live with up to 0.9% fee if that cashback thing works properly, especially since I was using mainly Bitcoin ATMs up until now and fees were much higher than that.

I've manually exchanged BTC to EUR and keep EUR on the balance. I could exchange it back and top-up card with BTC a check how it will go, but I dont to do it frankly. Enough of this "quests" for me. So far the card with EUR works well and I dont want to spoil anything.


Maybe they did not manage that because Binance is responsible only for the funds on the exchange. As soon as I'm doing some action with the card its VISA's play field (that is what I've understood from chat with supports). Maybe this week without commission refers only to my country. Cant comment on that.


Btw, thanks for the hint with payment order. Maybe one day I will play with it and card starts to exchange crypto to fiat automatically.
You cashback history is empty, even though you have used your card in atm and pos terminal? Strange. But I remember the first record in cashback history did not appear same day I've paid with card.

It is ok to wait few hours for support to answer your issue. But it is annoying to be logged in for hours and just wait.

Did you do that because you want to have EUR on your card or because you think that it will be rejected if you don't keep your funds in EUR? Like I said, I keep my card funds in BUSD and have no problem with shops rejecting it. However, I just remembered that the card did get rejected the first time I tried using it, but it was because for the first purchase user has to put it into the POS terminal. After that it can be used wireless (I don't know if that's the right word).


I too have a problem with cashback. I made few transactions and I didn't get any cashback. It's not mentioned in the app and I don't have any BNB (cashback is in BNB). If someone finds any info about it, I'd be very grateful :)

As for the Binance support, the most annoying thing is that you have to be online when it's your turn. If the chat is online, but you don't answer, they log you out and you have to wait again.

If it helps, I already had with this card payments with mixed EUR+BTC and BTC only too because my exchanged EUR have depleted.
And there's still at least one shop rejecting it no matter what.

All in all, I think that keeping only EUR or stable coins is not necessary and the problem is somewhere else (the shop's bank?).


I have payments made many days ago with status Paid. Those have no cashback yet.
The payments with the status Completed, do have the cashback.
I think that even with 0 BNB you get at least 1% cashback, but I don't know for sure since I think that I always had a couple of cents worth of BNB.

I just checked and it looks like I got the cashback, 1% as expected. It took almost four days for Binance to process the cashback transaction so I guess I just had to be a bit more patient. By the way, my purchase was with virtual card as I am still waiting for physical version so couldn't try it with ATM/pos. Now when I know that cashback is working, I can start spending more freely, next in line is media player I planned to buy anyway, but wanted to see whether cashback thing is working before trying to buy it using Binance card.



Yeah, that was my issue too. I tried contacting supporting two times in regard to cashback, and failed both times. First time I  simply stuck in a queue for an hour without my queue number changing, and 2nd time I simply had to go offline after waiting for more than 2 hours.

It's weird that your didn't get cashback at all after few transactions, since we are from the same country so that can't be a problem, and you even have physical card. Issue might be the type of transactions you did as not all are eligible for cashback. Or cashback is glitchy and it doesn't work properly in some cases, even though it should.

I actually love to use the card to pay in grocery store. Even though +1% cashback but -0.9% card usage fee is nothing, combined with shops loyalty card, it makes me feel good that I'm actually paying for food less than others :)

But the main purpose of using that card was to covert crypto to fiat. Previously I've used Coinbase, to sell crypto to EUR and withdraw it directly by SEPA wire to my card. But with time, when the amounts become bigger I could face the procedure of paying income tax (as funds goes directly to my local bank account).

With Binance card, their 0.9% is nothing, compared to my local income tax (it's 15-20%, depends on the amount you gain and other factors).

Hi guys, I came up with some questions.

Can you pay online with your binance card without a problem? Do you they automatically activated 3D security? I mean, do you get a verification code in your smartphone on every payment where you enter your card details?

Is there anyone user of any Neobank in Europe? Or even outside? I want to know if anyone has used their card in Neobank from Card to Card transfers without problems. I really don't understand why do they have these strange problems and I don't know anymore whether really order their card or use Wirex. Btw Binance is the best option for me, it would be very flexible.

After I read the post that @NeuroticFish wrote, I went and checked the status of cashback in the app. It looks like I got cashback for some transactions that are marked as COMPLETED. The weird thing is that some earlier transactions still have status PAID even though I made them in the same store as newer transactions that are completed.

I like the cashback feature but it's not the main reason why I ordered this card. I do most of my trading on Binance so it's great that I don't have to transfer crypto to some other exchange like Crypto.com.

Your experience goes in line with what I read about cashback. It's been glitchy for others too, like giving wrong cashback percentage or not giving cashback for eligible purchases. They will probably smooth things out eventually but it can be annoying, especially if you are holding 6,000 BNB for top tier cashback. For those higher levels cashback should work flawlessly.


It wasn't the main reason for me neither, but it is nevertheless welcomed addition as default one is just big enough to cover the fees. I got sick of those while cashing out using ATMs, so for me that was the main reason I decided to give Binance card a try.

Sorry, missed that post.

I keep EUR because I dont want card to be rejected. Maybe this is very personal, but I feel uncomfortable when you or cashier scan my purchases and the card shows declined. I swing the card once again and it is declined again. The people behind starting to look why is it taking so long or simply sigh loudly.

I would love auto conversion feature to start working properly with my card. Last time I've exchanged BTC/EUR to top-up card with EUR the rate was around ~24700 EUR. Now it is a bit above 30k EUR. If auto conversion would work, my card balance today would be 18% greater...

Glad that cashback works properly with my card.

Still waiting for crypto.com card. Ordered it almost month ago, week ago I've got an email it was sent to me.

As I mentioned earlier, I didn't have any problems with autoconvert feature. But I still wouldn't feel comfortable having card balance in crypto because of volatility. I like to know exactly how much money I have when I want to spend it.

Imagine if you had Binance card during the March 2020. crash (https://www.cnbc.com/2020/03/13/bitcoin-loses-half-of-its-value-in-two-day-plunge.html) and held it's balance in BTC. You swipe your card and it's declined. You swipe it again, and it's declined again. You check your card balance and it's -25% than it was an hour ago. Because of that volatility I keep my card balance in BUSD.

Just joined the Binance card owners club  ;D

A big fat middle finger for the post worker that jammed the envelope in the mailbox, I just can't figure out how he managed to almost rip off all for corners, but the card is safe. One big like for the perl black color, I can already imagine some weird looks from the cashiers just like with the mint color from the competitors  ;)

One interesting thing, they shipped the card although I have zero funds on Binance and never had one penny with them.

Based on what I've read till now the safe procedure posted by Neuroticfish is a bit of a pain in the ass since I don't plan to use the virtual card nor to use the ATM for a withdrawal so I will just load my account, I will make the sacrilege of converting a few satoshis in BNB besides Euros and try to spend just from the Euro balance as I don't want any funny conversions as bakasabo stumbled upon, I wouldn't cry over 1-2 euros but I hate when I lose money over glitches.

One thing I'm curious about, how was the cashback credited for you guys? Euros, BNB, BUSD?
Not that I will make a fortune out of it but I'm a bit curious on what to look for after my first purchases!

If you've ordered when they had the starting advertising, you may have it for free. From my checks I think that I didn't have to pay for my card either.


In the second you click on Binance site that you've received the card, the virtual one will go pooof, and iirc you need that operation in order to get the PIN for the physical one.
For the record, a couple of days ago my first coin was BNB, I made a payment, BNB and then some EUR have been used there without any issues.


It will be in BNB. And it's a nice addition since it usually^* covers the -0.9% 3rd party processing fee (that you'll have after the first week of use)

^* I think you don't get cashback for ATM withdrawal.

Welcome! :D


I honestly had no issues whatsoever with Binance card for now. I've tried buying stuff online, using it at the supermarket and just the other day I used it for the first time to take some money out of the ATM and it worked like a charm. This ATM thing was the best part, as it turns out that it is the cheapest way I know to cash out. All I had to pay was 2.5 euro fee at the ATM and that's about it. Afaik, daily limit is 290 euro so it may take a while if you are cashing out bigger amount of money, but  for sure beats BTC ATM (that was my standard way of cashing out ) and its ~6% fee.

All in all, I am very satisfied and it became my go-to card for daily use.


Yeah that would be a bit too much I think, to expect cashback on ATM withdrawals.

Wait a moment, are you living inside the EU zone? I know you post on the Croatian board so assuming that, didn't you have to pay some extra conversion fees? I'm getting a bit of conflicting feedback on this card  ;D

I don't plan on cashing out via ATM while at home but more when I'm traveling to all those countries outside Europe where I would avoid sticking a credit card in some shady ATM in the middle of nowhere like some resort in Egypt where my card got skimmed and I have sworn on not doing this again.

Back to the actual usage, I went in with no preparation, no ritual, no nothing as it was Friday afternoon and I simply had no desire to follow any rules. Activated the card, exchanged and put 100 on the balance, set euro first, started buying 5-10 euros worth of junk food from all the neighboring shops, 7 purchases nothing wrong with the transactions no errors about an invalid card, not enough funds, no nothing, works as it was supposed to work.
Still wondering about testing it with GooglePay but I don't see any reason for it at the moment.

PS
I was sure about the looks of the cashiers, I caught at least one looking intensely at that all black card  ;D

You are right, Croatia is not in the Euro zone yet ( we are in EU though) but I am currently visiting one Eurozone country and that's where I tried using ATM for the first time. But from what I heard about conversion rate from some people that tried using card with ATM in Croatia, exchange rate was pretty good so it seems like Binance is not trying to rip off people so I will continue to do that (if needed) when i get back to Croatia.


Glad to hear everything working perfectly, it was same for me. No preparation, no procedures, I literally started using card half an hour after i got it and since then no issues whatsoever. I don't see why it shouldn't work with Google Play too.


Haha it does look cool indeed! They must have thought "who is that big shot"  :D

True. You dont get cashback for ATM withdrawals.

About the fees - when I got my card, 3rd party did not charge me any fee (for atm and terminal usage) for the first week. Later they have started to charge for atm and terminal, but since March 9, they has stopped to charge fees again (receive BNB cashback since first usage)...


Black card did not impress cashiers at my place. Doubt that they are so cool and familiar with American Express black. But, if you get a crypto.com card which level is any above basic, your card will be made out of metal. That might impress cashiers, yet again - a little bit :)

So, the first semi-negative vibe from Binance

Decided to use it to pay for some stuff on my way to work, entered my card, and got an email "Auto Top-up is completed".
Seems like Binance wasn't happy I had only ~3euros on my card and 200 in the wallet and as soon as the balance dropped below that decided to auto top-up my card with 10 euros. Why is this feature on by default?
Had a hot coffee in my hand, needed to go out of the gas station as there was already a queue forming behind me and all I could think of it was why the heel is Binance charging my card and more importantly where did they get it, as I was thinking of the usual top-ups like PayPal.

Anyhow, I dislike when services do things without notifying you, even if it's something quite harmless as this one turned out to be, but still a big no.
Any other auto features like this I should be looking for so I don't get another scare?

Although I have the feeling it was off by default, I really don't remember 100% how it was. I know that I've set it on and off, deciding in a way or another.
My feeling goes for off may be caused by the fact that when you turn it on, it gives quite a warning.
However, you can easily turn it off from the card dashboard.

What is of more concern and hugely unexpected for me is... did it transfer from the spot wallet BTC and converted to EUR automatically without having to spend?!!?!
I mean, if it transferred "for sure", but it kept the coins not exchanged, it's not a biggie. But if a conversion took place, is indeed pretty much unpleasant and it convinces me that my choice to keep the feature off and simply keep some extra BTC on the card wallet was good (while I keep the spending funds basically as EUR).

stompix, are you sure you have top-up feature disabled? Than this is a bug!

But if it was not, then it cards FAQ it is written, that they will do a daily balance/after each transaction made check and top-up to manually set minimum amount in EUR/USD. If you have crypto on cards balance, it will be exchanged automatically, but if dont have it, Binance will take funds from Spot Account.

It transferred between euro accounts (spot > card), I have the euro set at first priority on the card.
I don't know what would have happened if I didn't have euros in my spot account but I assume they are not jerks enough to exchange, they might just fund the BTC card wallet with BTC, I could test it tomorrow, as I'm getting curious myself.

Now that I think of it if I would have known of it before or if I would have got a message telling me my card wallet is low on funds do I want to turn this thing on I would probably have done it but it caught me off guard and was really unsettling as I thought for a moment all my money on Binance is gone and that my cc was charged somehow. As I said, it was before drinking my coffee this morning so my brain was not really processing things at the usual morning 33%.


No, it was enabled by default for my account, as I had no idea what that thing was.


Sure about it?
Why do they have to overcomplicate things that can be so simple?

Then it's OK, especially since the feature was actually on.
And in the "test" variant they will probably fund the BTC account and exchange only when you actually spend.
However, in case you keep bigger amounts of funds at Binance, I think it's better you keep the setting on off, to make sure the damage is not too big if the card gets stolen.


Don't worry, it has happened to me too now and then, I know very well what you're talking about  :D


It's correct and it's simple: card wallet funds are spent first, obviously by the order you've set. It refers to all the coins of all types from the card wallet.
If those don't suffice and the "auto top up" is on, it will get funds from Spot (allegedly there is some setting somewhere telling what's the card amount under which this is triggered).
I think that I've said this: while the main spending funds are EUR, I keep some BTC on the card wallet exactly as backup, exactly to avoid the need of auto-top-up at emergencies.

At least with my card, I had such situation 3 times.

For example I had around 60 EUR on the balance and some BTC. I tried to withdraw 100 EUR. ATM showed me insufficient balance error message, I got SMS of a failure withdrawal, but later, when checking card balance on Binance account, I saw "BTC to 40 EUR exchange". It was not instant, and if I'm not mistaken, it took 1-2 days to complete this procedure. It all ended with me having 100 EUR on the balance (which I dont needed after these 1-2 days passed...) and less BTC on cards balance.

Updating experience with my Binance card.

Ive been using it from the beginning of 2021. At first I had some issues, but the solution to them was to convert crypto to euro manually and top-up card with it. Nothing works automatically for me.

Now Im on a vacation in Europe. The card was rejected in Barcelona airport duty free shop and I failed to pay around 300 euro for the hotel (this is less than daily limit). Failed to pay in one of Romes cafe’s. Then I got tired of feeling embarased with cancelar/cancellare and used my regular card.

When travlling with Binance card, always have another card with you.

Binance debit card is a robust product, especially in terms of crypto top up. One of the worrisome things is the fact that binance debit card issuer Contis also issues debit cards for a handful of crypto-related and EMI projects. Hopefully it does not become a pressure point for it in future. We all remember wavecrest and wirecard.

Indeed, @bakasabo has exactly the problems I used to have with another Contis card: getting declined here or there for no reason.
So yeah, while Binance card is not bad at all (and cheap too!), I totally agree with this:

Little update with card usage in Barcelona - successfully used it to buy tickects for aquarium and merch shop inside.

I think that Binance card can easily be used in low reputation institutions, like shops, local small tickets sellers. But such places as hotels, airports, government institutions refuse to accept it.

Sad truth - “While using Binance card, you always need two cards”  :D

I just noticed that Binance enabled using spot wallet as a sort of backup when you don't have enouygh money on funding wallet. I don't know about the others, but I like the new feature as it happened to me a couple of times to get card rejected because I forgot to move more funds, and then I couldn't use the card until I get to my computer.

---

By the way, how's everyone satisfied with the card lately? I don't know what Binance did, but I don't remember last time (it has to be at least 9-10 months) I got the card declined so at least for me it looks like that they sorted that issue that was very annoying as you always had to have a backup card or some cash with you.

Has anyone from EU tried getting a new Binance Visa card lately?

I am asking because I recently read a rumour that few months ago Visa stopped issuing new Binance cards for their EU users and since my card expires in a few months, I might start looking for the alternative if that rumour is true.

They lost their partner back in June and there is not a single one willing to come to replace it as Visa plans on ending a ton of those partnerships in Europe. Wirex is also unavailable for the EU with their cards completely not working and hasn't managed to get a replacement so, probably it will be safer to look for alternatives.
Although.....
To be honest, I dropped all my crypto cards and just when I need to spend some coins I send them to Bitstamp and from there directly to my ING account, it's fast I don't have a ton of things to worry about like support, and there are no fx, exchange fees, no fees on ATM, I get a replacement in 48 hours, so why bother with a fourth party here?

This is not a rumor. When I log in my Binance account, I've got this message.


Until they find someone who could replace Paysafe, they wont be supporting EUR. I've asked their support, if this warning is related only regards purchases (purchases with card) only, and they have told me that I wont be able to withdraw EUR from ATM either. Technically, from October 31 this card will become useless everywhere where EUR is a major currency.

Previously (this summer) Binance told that this Paysafe situation will affect only EUR deposits. But not it affect EUR in general. First I have thought to test whether USD ATM withdrawals gonna work, as we have ATMs that offer EUR and USD withdrawals, but has dropped that idea. Who knows what Binance will come up with next month.

What does Paysafe have to do with the card?

Paysafe is a payment gateway for Binance, the cards are issued by Contis, they are not related at all, besides, even the balance on the cards was a bit meaningless since they were using their internal settlement for it, you could have paid with USDT or Doge, the final fx is between Contis and the receiving bank. It's either that the guy at support are not really knowing anything or Binance is hiding a larger clusterfuck right now and it only releases one tiny bit of bad news at a time, they didn't lose just Paysafe they lost completely the ability to settle euro balances so somebody else has also pulled the plug.

Just two months ago they cheered on getting Paysafe to deal with SEPA transfers, again not settlements, when the GPB went down, now what is this?

But anyhow...

https://www.talkimg.com/images/2023/09/29/PsxI2.jpeg

/s


EDIT:
https://bitcointalk.org/index.php?topic=5132044.msg62919217#msg62919217

Exactly what I was saying: (google translate)

Yeah I might try doing the same, direct exchange-bank transfer. I plan to look into Coinbase-Revolut combo as well since few of my friends are using it for years and never had any issues whatsoever.


I was just about to ask the same thing. I saw that annoncement he shared, but since I didn't think that it has anything to do with my Visa card problem I pretty much ignored it.

I have some EUR already loaded on my card's balance, will I be able to spend it after October 31?

The card expires on Jan 2024.

So this is just me quoting from the answer bullrun2020bro got from support, the link is above but once again:
https://bitcointalk.org/index.php?topic=5132044.msg62919217#msg62919217

In short, you can use still your EURO balance till that date, you will not be able to top it up in EURO, you can convert your balance to USDT (or anything else) and unless anything else happens the card should work as normal till it expires.

Again:
- better ask Binance support if you want to be 1001% sure,
- I have zero idea how the wallet funding works right now, it has been like almost one year since my last usage of the account and card
- if it's a small sum just convert it right now to USDT as the exchange fee is negligible or just spend it and throw the card in the trashcan (this last one is my personal opinion).

Thanks for linking my post from the German board @stompix. Some additional information on the topic:

The support told me that these information are for users from Germany, Austria and Switzerland. For other European users rules could be different. Also there might be certain accounts that are restricted and the best way to check if you're one of them, is to speak to the support if you're having trouble spending your funds.

I used my card a few days ago online and offline and its still working. It's a pitty that you can use EUR anymore, but if USDT is still working IMHO this card is still a very convenient way to spend your crypto. Even though I hate what Binance is doing and I wouldn't store bigger funds on the platform. Just top of the card with the funds you want to spend and don't use it as a wallet.

I asked support two times and they seems to be stuck in a loop where they are repeating exactly what I told them I know already and not the important thing, thus taking my chances here:
I live in the EU, I have EUR as a national currency, I'm going to get a few hundred worth of coins from some clients, do ATM withdraws still work and if so, will they work even next month?

Binance just announced that they are stopping with offering their Visa debit card services to EEA users on December 20th 2023. Since we knew that they lost card partner and stopped issuing new crads to their EU users few months ago (but they finally offically confirmed it)  this was just a matter of time and no surprise at all.

The only question now for me is what to use next as I got used to crypto debit cards (and the cashback program ;D).

Wow, Binance is in a worse mess than Wirex right now, imagine that being possible at all! At least Wirex somehow by god knows what scheme managed to keep their virtual cards alive and those worked with curve, Binance is killing virtual card also.


I'm not looking for one right now but, do we have any option at all left?
Something that is not shady as * and whom you would normally trust with more than 1mbtc?
I've gone through Ratimov list and there is almost nothing on that I would use, maybe crypto(dot)com ?

Yep, its a total clusterfuck there and they probably did me a favor by not letting me use their card after December 20th.


One of my friends is using Coinbase debit card for a couple of years and so far he didn't have any issues whatsoever so that's an option for those not minding another CEX. I also have few friends that using Coinbase-Revolut combo for quite some time and they are also satisfied with it.

Another option (and the one I currently leaning to if what people are saying is true) is Revolut as from what I heard, its possible to send BTC on your account and then just spend it via physical or virtual debit cards but I still have to look into it more to see whether its that simple.

I am afraid there is no proper solution. Maybe crypto com comes the closest, but I don't think they have the same limit Binance had.

Revolut is a no-go for me, I had to accept some payments via Revolut because, well, stupid people who prefer Revolut over a simple national bank transfer and for two years I had 3 requests from them about proof of funds, after a year break to start adding Bitcoins to that account I left untouched is probably going to trigger the mother of AML checks and I'm not going to spend time on it.
Once wirex is completely dead I will just opt probably for crypto.com as a card to have there in an emergency, with no funds just easy to charge when needed.

Got that mail too and this is really funny for me


Why?
I understand banks when there is a new one issued as they might share the same number but in this case, the whole thing is useless.

Fuck, that doesn't sound good at all. They are even worse than Binance because in all these years I've been using them, they never asked me for proof of funds and I received few big transactions there. And yeah you are right, if they bothered you so much about fiat payment, it would be only worse if you inlcude bitcoin into that equation.

For some reason I've been avoiding Revolut and it looks like I might keep doing that as I can't bother going through that AML crap. The main reason I used Binance card is that I already went through KYC few years before as I was locked out of my account and that was the only way to get it back so I thought why not use the card.
 


Yep, it doesn't make any sense at all. But that's Binance and probably the one who wrote that didn't use his brain and just copied what banks are usually doing. For some reason I still didn't get that email.

Indeed, an ugly surprise. I've just read too about Binance cards. Well, it's not a huge surprise, since they already have their ongoing issues with EUR processing partners, still, I thought that they'll find a replacement.

And since you said Wirex, it's interesting how the tide turns,... on my last check Wirex old card started working (!), so although they have quite some conversion fees and quite incapable support... they managed to stay afloat.


Many of their cards will still be valid and I expect that trying to use them has a tiny chance to do (them) some ugly surprises somewhere, by some odd combination of bugs and incompetence somewhere on the chain.
Or, yeah, copy-paste is also a valid reason.

You mean the exact old physical card? That's more than weird, weren't those also Contis-backed?
But it does set up a quite funny scenario, imagine you're on December 21st, with tears in your eyes you start cutting your Binance card only to get a mail on the 24th saying "Happy Christmas, we have a wonderful surprise for you, all cards will be valid until their expiration dates" , and tears of joy will have a new meaning.


Don't forget the cashback program that you can't cash out!  :D


Revolut has become a bank and it's on its path to working exactly like a bank, including AML and freezing your account, you forgot to pay a fine and you will have your Revolut account frozen just like any national bank if you don't have enough money to pay it in them. Crypto cards were cool and so but with the new regulation and the crappy service support exchange offer, it's more like some novelty toy rather than something really useful.

Maybe my wording was not so great. I meant the card that will expire in the spring of 2024. It's the card that stopped working exactly when I actually needed it (due to migration to different BIN and such)
I think that it's from the batch after Contis, but I don't rely that well on my memory.


LMAO, this is actually not even an impossible scenario! Highly unlikely though  ;D


Oh, yes, you're totally right!


True and, sadly, very true...