Is Binance Card Still Usable? 2026 Status, Discontinuation Timeline, and Mainland China Alternatives

Is Binance Card Still Usable? Here's the Conclusion

In one sentence: Binance Card was fully discontinued at the end of 2023, and only relaunched in Brazil in October 2025. Users in mainland China, the US, and Europe cannot apply now.

Many people search for "Binance Card" for three reasons: to spend directly with cryptocurrency, to cash out USDT to a card, or because they heard Binance had a cashback card and want to get one. This article first corrects a common misunderstanding—Binance Card is no longer "a card still on sale".

The old version (Visa) was discontinued at the end of 2023¹, and the new version (Mastercard) only restarted in Brazil in a small scope in 2025². If you are in mainland China, the US, or Europe, it basically has nothing to do with you.

After reading, you will get: a complete discontinuation timeline, why it was discontinued, and alternatives that mainland users can actually use.

TL;DR

📺 Prefer to watch? This article has a companion video — the core conclusion in 5 minutes: Binance Card Is Long Gone — Don't Fall for Card Links. What Can Mainland China Still Use in 2026?

• Binance Card was discontinued at the end of 2023: The old Visa card was discontinued in Europe/UK on December 20, 2023¹, and earlier in Latin America/Middle East in September³.
• Only relaunched in Brazil in 2025: The new version is a Mastercard prepaid card, issued by Immersve, currently only virtual cards, limited to Brazil².
• Cannot apply in mainland China, US, or Europe: This is a fact, not something you can do by "changing a link".
• Mainland alternatives: Binance Pay (QR code payment) + crypto U cards (Bybit Card, OKX Card, etc.), but both have compliance and fund risks.
• U cards are essentially "spending/cash-out tools", not "high-cashback credit cards": When choosing a card, first check if you can open it, how difficult KYC is, and whether it can bind to commonly used payments.

First, Distinguish Three Easily Confused Concepts

Before discussing "whether Binance Card is usable", let's clarify three terms to avoid confusion:

• Binance Card: Specifically refers to the crypto debit card launched by Binance. It is not the exchange itself, nor a feature in the App, but an independent physical/virtual card.
• Crypto U card / cryptocurrency card: Generally refers to all cards that allow you to spend with crypto assets (Bybit Card, OKX Card, Crypto.com Card, OneKey Card, etc.). Binance Card is just one of them.
• Binance Pay: A QR code payment feature within the Binance App, using your balance to scan merchant QR codes to pay. It is different from a "card". After Binance Card was discontinued, Binance officially guides users here.

In short: The "card" Binance Card is gone, but "spending money from Binance" still has other ways.

Binance Card Timeline: From 8% Cashback to Full Discontinuation

The life of Binance Card can be explained in five time points:

Why discontinued? In one sentence: It's not that nobody used the product; it was forced by regulation.

In November 2023, Binance reached a settlement of about $4.3 billion with the US Department of Justice, and then-CEO Changpeng Zhao pleaded guilty⁴. Afterwards, traditional financial partners such as Visa, Mastercard, and payment processor Paysafe withdrew one after another—card issuance depends on these card networks and issuing banks; once the partnership breaks, the card cannot be issued.

2025 Brazil Relaunch: What the New Binance Card Looks Like

If you are in Brazil, you can apply for the new Binance Card starting October 2025. But even if usable, it is very different from the old version:

• Card network changed: Visa → Mastercard, it is a prepaid card (top up first, then spend), not a credit card.
• Issuer: Immersve Limited (New Zealand, member of Mastercard's global coverage partner program)².
• Currently only virtual cards: Official statement says "the global program currently only supports virtual cards", no physical card².
• Supported coins: USDT, USDC, FDUSD, BNB, BTC, ETH, SOL, etc., 10–12 types, automatically converted to local fiat at payment according to priority².
• Cashback: Up to 2% at launch, changed to 1.5%–3% (BRL) based on spending tiers from June 2026, far lower than the old version's up to 8%.
• Fees: Card opening and annual fee free; crypto to fiat about 0.9%–1% fee; overseas spending has additional exchange rate/tax fees².

Conclusion: The new Binance Card only serves the Brazilian market, and benefits are significantly reduced. For users in other regions, it essentially "does not exist".

What Alternatives Can Mainland Users Use? Three Cards + One Feature

Since Binance Card is unusable, what mainland users really care about is: I want to use cryptocurrency for card spending/cash out, what should I do? Below is a ranking by "can you open it, cost, risk":

First Choice: Bybit Card (Lowest Threshold)

Bybit Card currently has the relatively lowest threshold for mainland users and is the most recommended. It can bind WeChat/Alipay, subscribe to AI tools like ChatGPT, and supports deduction in 6 coins including BTC/ETH. The downside is relatively heavy fees (about 2% foreign exchange + about 0.9% conversion), low cashback cap for the basic tier (about $5), and funds are exchange-custodied.

Free Backup: OKX Card (Lowest Cost)

0 card opening fee, 0 annual fee, 0 foreign exchange fee, only about 0.1% exchange rate spread, the cleanest cost structure. But cashback cap is low, no ATM withdrawals, suitable as a small backup card, not as a main card.

Established but Declining Value: Crypto.com Card

Mature brand, high-tier rewards cap (2%–8% for high tiers), but good benefits increasingly depend on staking CRO—staking $400 gives 2%, $40,000 gives 5%. CRO volatility itself is a hidden cost, and attractiveness for ordinary users has clearly declined.

One Feature: Binance Pay

After Binance Card was discontinued, Binance guides users to Binance Pay—QR code payment within the App, directly paying with account balance, not a card. It is sufficient for "spending at merchants that support Binance Pay", but not a card that "works globally".

Three Cards Comparison Table

Note: The above rates and eligibility may change at any time; refer to the latest rules in each platform's App.

Choose by Need: A Decision Table

Three Red Lines for Using U Cards (Must Memorize)

1. Top up only what you spend. U card funds are mostly platform-custodied, without deposit insurance. If you store large amounts and the platform risk-controls/freezes, it's trouble.
2. Don't pay to buy a "U card". Paid U cards are not cost-effective, have no guarantees, and are prone to running away. Only choose official exchange cards.
3. Understand it is a spending tool, not a formal cash-out channel. Swiping a card essentially means selling crypto assets, which may involve taxes; domestic policy is a gray area, don't treat it as a guarantee of "legal cash out".

Further Reading

• Binance Registration Tutorial: Complete Process from Account Opening to Buying Crypto — Register with invitation code BINANBT to enjoy 20% fee rebate
• Crypto Deposit and Withdrawal Operation Guide — Learn to transfer in and out your digital assets
• USDT vs USDC vs DAI: Complete Guide to Stablecoin Investment — Before swiping your card, understand the stablecoins in your hand
• Best Crypto Exchanges for Beginners — Before getting a U card, choose the right exchange

Disclaimer: This article is for learning reference only and does not constitute investment advice. Cryptocurrency investment carries risks. Crypto U card funds are mostly platform-custodied without deposit insurance. Related businesses in China are in a policy gray area. Please make decisions carefully based on your own situation.

Recommended: Binance Registration ｜ OKX Registration

📚 Further Learning: On-chain Guide - Learn Blockchain from Scratch