The exchange giant's Mastercard, verified in Brazil, Australia, New Zealand, and Peru with up to 3% cashback in selected regions.
SpendNode Rating for Binance
3.8/5
Known for: global exchange reach
Binance still carries sheer distribution and brand weight, but the issuer score is held back by trust baggage and the usual exchange-custody tradeoff.
The lineup is relevant and easy to understand for mainstream users. That helps. The trust profile remains more complicated than a wallet-first or cleaner regulated setup.
Issuer Snapshot
Active Products1
Editorial vendor score stays separate from user reviews. Methodology
The Binance Card is a prepaid Mastercard debit card (not a credit card) with verified availability in Brazil, Australia, New Zealand, and Peru. Binance's in-app regional screens show up to 3% cashback in selected markets, app-disclosed crypto conversion fees, a 2% FX fee on top of Mastercard fees, and 10 supported assets (USDC, USDT, FDUSD, BNB, BTC, ETH, SOL, XRP, LTC, ADA).
Spend directly from Flexible Earn while accruing yield, Apple Pay and Google Pay, and $0 annual or issuance fees. Binance has a 4.65-star App Store rating from 121,051 ratings. The previous global Visa card program was discontinued in December 2023.
Binance is the world's largest crypto exchange by trading volume, and its card program has been the most turbulent in the industry. The Binance Card program's full history matters. Understanding what happened, and what exists now, is essential before considering the current product.
The Rise: Global Visa Card (2020-2023)
The original Binance Card was a Visa debit card with a 7-tier BNB staking system offering 0.1% to 8% cashback based on monthly BNB balance. Available across the EEA, UK, and parts of Latin America, it was one of the most competitive exchange cards in the market. At its peak, the top tier (600 BNB staked) delivered 8% cashback - unmatched by any competitor.
The Fall: Visa and Mastercard Sever Ties (2023)
In late 2023, both Visa and Mastercard ended their partnerships with Binance amid intensifying regulatory pressure worldwide. The card was discontinued in all regions by December 20, 2023. European users received notice to withdraw funds. The 8-tier staking system was permanently retired. No refunds were offered for BNB held in staking tiers.
This was a direct consequence of Binance's $4.3 billion DOJ settlement and Changpeng Zhao's guilty plea in November 2023. Card network partners considered the regulatory risk too high.
The Relaunch: Brazil Mastercard (October 2025)
After nearly two years without a card, Binance relaunched in October 2025 with a fundamentally different product: an app-gated prepaid Mastercard with simpler rewards, no published global country list, and regional card pages inside the Binance app.
The Current Card: Binance Mastercard
Binance Mastercard - verified in Brazil, Australia, New Zealand, and Peru
Annual fee: $0
Card format: Virtual plus physical where supported by country
Cashback: Up to 3% in selected regions; screenshots show 2-3% depending on selected market
Conversion fee: App FAQ shows 0.9% general crypto conversion, with a USDC-specific 0.1% note
FX fee: 2% on top of Mastercard fees
ATM: 2 free withdrawals/month, then $1.50 each
Network: Mastercard (150M+ merchants worldwide)
Apple Pay and Google Pay: Both supported
Best for: eligible Binance users who want a simple crypto off-ramp, especially in Brazil where the published BRL terms are clearest
SpendNode app screenshot
SpendNode app screenshot
Binance Card app screenshots captured May 2026. We use exact country screens for structured availability and treat broad regional labels as directional, not as a full country list.
10 Supported Assets
Asset
Type
USDT
Stablecoin
USDC
Stablecoin
FDUSD
Stablecoin
BNB
Exchange token
BTC
Bitcoin
ETH
Ethereum
SOL
Solana
XRP
Ripple
LTC
Litecoin
ADA
Cardano
When you swipe, Binance instantly converts the selected asset from your wallet at the prevailing market rate plus the app-disclosed conversion fee. You choose which asset to spend from within the app.
Available crypto cards by Binance in November 2026
A prepaid Mastercard that integrates directly with your Binance wallet. Offers up to 3% cashback in BNB with Free annual fees. The standout feature is spending directly from Flexible Earn while continuing to accrue yield. Current availability is country-specific and app-gated; SpendNode verifies Brazil, Australia, New Zealand, and Peru from public and app eligibility evidence.
+Up to 3% cashback in BNB in selected regions
+Spend from Flexible Earn without transferring
+2 free ATM withdrawals per month
+Virtual card available instantly
Technology: Spend-From-Flexible-Earn
The standout technical feature of the Brazil card is Flexible Earn integration. Your funds can sit in Binance Flexible Earn products earning up to 6.05% APR while remaining instantly spendable through the card. No transfer required. When you swipe, the card draws directly from your Flexible Earn balance.
This is unique in the crypto card space. Most exchange cards require you to move funds from earning products to a card wallet before spending. Binance's integration eliminates that step, meaning your money earns yield right up until the moment you spend it.
How the Yield-While-Spending Math Works
Monthly Spend
Flexible Earn APR
Monthly Yield
Cashback (2%)
Conversion Fee (0.9%)
Net Monthly
5,000 BRL
6.05%
+25.21 BRL
+100 BRL
-45 BRL
+80.21 BRL
10,000 BRL
6.05%
+50.42 BRL
+200 BRL
-90 BRL
+160.42 BRL
12,500 BRL (cap)
6.05%
+63.02 BRL
+250 BRL (cap)
-112.50 BRL
+200.52 BRL
The yield effectively subsidizes the conversion fee, making the card's net economics more favorable than the conversion fee alone would suggest. We keep the table conservative because Binance's current app screens show regional headline cashback up to 3%, while older Brazil-specific cap math used 2%.
Fees and Rates
Fee
Amount
Annual fee
$0
Card issuance
$0
Crypto conversion
0.9% general app screen; USDC note says 0.1%
Foreign exchange
2% on top of Mastercard fees
ATM withdrawals
2 free/month, then $1.50 each
Physical card cancellation (within 1 year)
30 BRL
Minimum balance for physical card
10 USDT equivalent
Rewards and Cashback
Net Returns After Fees
Transaction Type
Cashback
Conversion
FX
Net Return
Domestic (BRL)
+2%
-0.9%
0%
+1.1%
International
+2%
-0.9%
-1 to 2%
-0.9% to +0.1%
Domestic spending is where the card makes sense. The 1.1% net return on the conservative BRL example is modest but positive. International spending can go net-negative due to stacked FX fees. For Brazilian users spending primarily in BRL, the card is economically rational; users in other verified markets should check their in-app fee and cashback terms before treating the headline rate as guaranteed.
Cashback Cap Math
Binance's current app screens show regional headline cashback from up to 2% to up to 3%. The 250 BRL/month cap below comes from older Brazil-specific terms and remains useful as conservative math, but it should not be treated as a universal global cap.
At 2% cashback under that Brazil cap:
Only the first approximately 12,500 BRL (approximately $2,100) of monthly spending earns rewards
Spending above 12,500 BRL/month earns zero additional cashback but still pays the 0.9% conversion fee
This means high spenders effectively see a declining effective cashback rate:
Monthly Spend (BRL)
Cashback Earned
Effective Rate
5,000
100 BRL
2.0%
12,500
250 BRL (cap)
2.0%
25,000
250 BRL (cap)
1.0%
50,000
250 BRL (cap)
0.5%
Transaction Limits
Limit
Amount
Source
Daily spending
20,000 USD
app FAQ
Monthly spending
20,000 USD
app FAQ
Annual spending
100,000 USD
app FAQ
ATM daily
3,000 BRL
older Brazil terms
ATM monthly
25,000 BRL
older Brazil terms
ATM withdrawals per day
3
-
Limits can increase with higher verification levels. Older Brazil-specific materials used BRL limits, but the current app FAQ screenshot we reviewed shows USD-denominated spending limits.
Up to 3% regional headline; 2% conservative Brazil math
Up to 10%
0%
0%
1.5% USD ($2K/mo cap)
Conversion fee
0.9% general app screen; USDC note says 0.1%
0.9%
0%
1% + 1.2%
0%
FX fee
2%
0%
approx. 2.99%
1%
0.5-1.75%
Yield while spending
Yes (6.05%)
No
No
No
No
Assets
10
100+
350+
40+
USDC/USDT/USDe
Regions
Brazil, Australia, New Zealand, Peru verified
Global
Global
50+ countries
170+ countries
Binance vs Bybit: Bybit offers broader multi-region availability, more assets, and higher reward ceilings in its stronger regional programs. Binance wins on local BRL integration and the Flexible Earn yield feature. For Brazilian users choosing between the two, Bybit is the stronger card only if its regional program is actually available to them.
Binance vs Crypto.com: Crypto.com offers 0% conversion fees and global availability with tiered CRO staking rewards. Binance's 0.9% conversion fee is a disadvantage, but the 2% cashback at the free tier beats Crypto.com's 0% at the free tier (Midnight Blue). For Brazilian users, Binance's local integration and BRL denomination may be more convenient.
Binance vs KAST: KAST offers 1.5% USD cashback on the first $2,000/month for free with 170+ country availability and 0.5-1.75% FX. Binance's app screens now show up to 3% in selected regions, but its country map and final eligibility are still app-gated. Binance wins on exchange integration and the Flexible Earn feature for existing Binance users.
Who Should Use Binance?
Use the Binance Card if:
You are in a country where the Binance app shows card eligibility
You want to spend crypto domestically with a simple, free off-ramp
You value the Flexible Earn integration (earning 6.05% APR while spending)
You understand that cashback, caps, and fees vary by country and promotion
The Binance Mastercard is the only card you need for exchange-linked spending
Look elsewhere if:
Your Binance app does not show card eligibility in your country
You want higher cashback: ether.fi Core (3% free), KAST (1.5% USD on first $2K/mo, free)
Card history: Previous Visa card discontinued December 2023 due to network partner withdrawal
European alternative: Binance promotes Trustee Plus as an affiliate partner for European users, but this is a separate company and product - not a Binance card
The history matters here. Binance's card program was shut down once due to compliance failures. The Brazil relaunch represents a more cautious, single-market approach. Whether the card expands to other markets depends on Binance's ongoing regulatory rehabilitation.
Is Binance a Scam?
Binance is not a scam, and this is the one vendor page where the scam-check almost inverts: the trust case is built on the regulatory history rather than in spite of it. The facts on the page are specific and verifiable:
1. The operator is the world's largest crypto exchange by trading volume. Binance is not an anonymous new entity. It operates at a scale that is documented publicly, and the Binance app carries a 4.7 App Store average across 121,051 ratings - a volume and rating pattern only widely-used products produce.
2. The regulatory history is disclosed on the page, not hidden. The old global Visa card was discontinued on December 20, 2023 after both Visa and Mastercard ended their partnerships with Binance. That was a direct consequence of Binance's $4.3 billion DOJ settlement and Changpeng Zhao's guilty plea in November 2023. A scam operator would never surface this - a legitimate operator dealing with a messy past has no choice but to. The current Mastercard is documented as a deliberate relaunch in October 2025, nearly two years after the original program was shut down.
3. The current card runs on Mastercard's actual network. The Brazil relaunch uses Mastercard rails with standard fraud protection, not a white-label prepaid brand. Brazilian KYC is mandatory, and the supported asset list is fixed and published rather than a shifting marketing roster.
4. Fees, limits, and product terms are visible inside the app. The current app FAQ shows annual fee, issuance fee, conversion fee, FX fee, supported assets, and spending limits. The most important scam-check detail is that Binance surfaces these numbers before application instead of hiding them until after activation.
What to be aware of
Regulatory baggage. The previous card program was shut down once due to compliance failures. Whether the current Mastercard program survives long-term depends on Binance's ongoing regulatory rehabilitation. This is not the card to treat as a stable long-term default in the way a 7-year Crypto.com or Coinbase program is.
Opaque country footprint. Binance does not publish a stable country-by-country list. SpendNode currently verifies Brazil, Australia, New Zealand, and Peru, but users in other markets should rely on in-app eligibility rather than broad regional wording. European, UK, and US users cannot open the current card. The page notes Binance promotes Trustee Plus for European users, but that is a separate company and product - not a Binance card.
Custodial on the exchange. Funds sit on Binance. Same counterparty risk as holding any other asset on the exchange itself. If you would not hold trading balance on Binance, do not load this card.
Exchange token cashback, not stablecoin. The 2% cashback is paid in BNB. BNB is liquid and widely traded, but it is still a volatile asset - if you hold rewards on the platform and BNB drops, the dollar value of your cashback drops with it.
Headline cashback needs local confirmation. Screenshots show up to 3% in some regions and up to 2% in others, while older Brazil terms used a BRL monthly cap. Check the in-app terms for your selected country before assuming the headline rate applies to all spend.
SpendNode Verified: The editorial team reviewed Binance's issuer identity, product terms, and live card flow per our methodology. Verification is not an endorsement or guarantee.
Countries and Availability
Binance is available in 4 countries as of November 2026. We count a country here when at least one active Binance card variant lists it, so individual product pages may be narrower.
Available Regions
Americas
Brazil (BR), Peru (PE)
Oceania
Australia (AU), New Zealand (NZ)
Major Restricted Markets
These major markets are not currently listed for this vendor. Confirm eligibility with the issuer before applying, especially where card tiers have different country rules.
Africa
Egypt (EG), Kenya (KE), Nigeria (NG), South Africa (ZA)
Americas
Argentina (AR), Canada (CA), Chile (CL), Colombia (CO), Mexico (MX), United States (US)
Asia
China (CN), Hong Kong (HK), India (IN), Indonesia (ID), Japan (JP), Malaysia (MY), Philippines (PH), Singapore (SG), South Korea (KR), Taiwan (TW), Thailand (TH), Turkey (TR), United Arab Emirates (AE)
Europe
Austria (AT), France (FR), Germany (DE), Italy (IT), Netherlands (NL), Poland (PL), Portugal (PT), Spain (ES), Switzerland (CH), United Kingdom (GB)
Our Verdict on Binance
The current Binance Card is a four-market product: SpendNode verifies it in Brazil, Australia, New Zealand, and Peru, with no path for EU, UK, or US users. Its unusual advantage is direct spending from Flexible Earn, so eligible balances keep earning up to 6.05% APR until the moment they are spent.
The math works domestically, roughly 1.1% net on conservative Brazil terms after the 0.9% conversion fee, and sours abroad once the 2% FX fee stacks on Mastercard's own. Cashback also arrives in BNB, so its dollar value moves with the token. Existing Binance customers in a verified market get a free, yield-bearing off-ramp; everyone else should confirm in-app eligibility before trusting the up-to-3% headline, because Binance publishes no stable country list.
Sources and Verification
We checked the fees, tiers, and card details against:
Is Binance crypto card available in the United States?
No. Binance crypto card is not available in the United States.
Is the Binance Card available in Europe or the UK?
No. The Binance Visa Card was discontinued in the EEA and UK in December 2023. The current Binance Card (Mastercard) is not available in Europe or the UK. SpendNode currently verifies exact availability for Brazil, Australia, New Zealand, and Peru; Binance may show additional country eligibility in-app, but it does not publish a stable public country list.
What happened to the 8% cashback tiers?
The 8% BNB tiered cashback was part of the old Visa card program discontinued in 2023. The current Mastercard shows up to 3% cashback in selected regional app screens, while LATAM and CIS screens show up to 2%. Brazil-specific terms may still cap cashback in BRL.
Is the Binance Card a credit card?
No. The Binance Card is a prepaid Mastercard debit card, not a credit card. You load crypto or BRL fiat and spend your own balance - there is no credit line, no APR, and no credit check. For crypto-backed credit card options, see our reviews of Gemini, ether.fi, Nexo, and Avici.
Reviews are moderated and may take a moment to appear.
Latest Page Changes to the Binance Review
2026-05-03
Updated Binance Card availability from Brazil-only to exact verified coverage for Brazil, Australia, New Zealand, and Peru, while noting APAC, LATAM, CIS, and MEA app screens as directional regional evidence
Added in-app screenshot evidence for regional cashback, supported assets, fees, and limits, including up to 3% cashback in selected regions
