Bybit vs RedotPay

These cards solve fundamentally different problems.

Bybit requires a Bybit exchange account. Card spending comes from your trading balance with seamless integration between positions and purchases. Mastercard. 5 assets (USDT, USDC, BTC, ETH, XRP). 2-10% cashback in Bybit Card Points (convertible to USDT). 8% APR on idle USDT via Bybit Earn. Standard $50,000/month, Supreme $250,000/month. Regions: EEA, UK, LATAM, APAC, Australia. Banned in France, Malaysia, Philippines, Thailand, Japan, Singapore.

RedotPay is standalone - no exchange account needed. Three variants: Virtual ($10 issuance, instant activation, no-KYC), Solana Edition ($10, adds SOL support), Physical ($100, ATM access). Visa. 4-5 assets (USDT, USDC, BTC, ETH; SOL on Solana Edition). No permanent cashback. $1,000,000 daily limit, $100,000 per transaction. Regions: Global (50+ countries). Apple Pay supported. $107M Series B funding (credible institutional backing).

Both have no annual fee. Both are custodial. Both serve APAC and global markets.

The fee comparison reveals opposite economic models: Bybit pays you, RedotPay costs you.

On $3,000/month cross-currency spending, Bybit Standard earns $216/year while RedotPay costs $792/year. The combined swing is $1,008/year - more than $80/month difference between earning money and paying fees.

Even on same-currency spending where RedotPay's 1.2% FX fee does not apply, the 1% conversion fee still costs $360/year on $3,000/month. Bybit Standard earns $396/year on the same same-currency spending. Net difference: $756/year.

RedotPay's Solana Edition 3% promotional cashback (through February 28, 2026, capped at 3 transactions/day) temporarily improves the picture: 3% minus 2.2% fees = 0.8% net on cross-currency. But the promo is time-limited and capped.

Bybit's idle yield: 8% APR on USDT via Bybit Earn adds $800/year on a $10,000 balance. RedotPay offers no yield on card balances. For users who maintain exchange balances, Bybit's yield provides additional passive income.

RedotPay's limits are the highest of any crypto card on SpendNode:

• Daily spending: $1,000,000 (RedotPay) vs $1,667-8,333/day effective (Bybit Standard $50K/mo)
• Per transaction: $100,000 (RedotPay) vs no published per-transaction cap (Bybit)
• Monthly ATM: $50,000 (RedotPay Physical) vs $60,000 (Bybit Standard, $2K/day)
• Monthly spending: effectively uncapped at $1M/day (RedotPay) vs $50K-250K (Bybit)

For high-net-worth individuals, treasuries, or businesses moving significant crypto volume, RedotPay is the only viable option. A user needing to spend $500,000 in a single month cannot do so on any Bybit tier. RedotPay handles this within a single day's limit.

RedotPay's no-KYC Virtual Card is accessible with minimal identity verification. Load USDT or USDC and start spending immediately. This appeals to users in jurisdictions with complex verification requirements, privacy-focused individuals, or anyone who wants card access without submitting extensive documentation.

Bybit requires full exchange KYC - identity verification, proof of address, and compliance checks before the card is issued. The process can take days and may not be available in all jurisdictions.

Both cards are custodial. RedotPay's institutional backing ($107M Series B) provides credibility, though neither card offers self-custodial protections.

Using RedotPay as a daily spending card for moderate purchases without recognizing the cumulative fee cost. At 2.2% total fees on cross-currency spending with no cashback, RedotPay costs $792/year on $3,000/month spending. Over 3 years, that is $2,376 in pure fees with zero return. Bybit Standard at the same spending earns $648 over 3 years ($216/year). The 3-year swing is $3,024. RedotPay's value is in high-limit utility spending, not everyday purchases. How to avoid it: Use RedotPay for what it excels at - large single transactions ($10K+), high-limit off-ramping, and no-KYC access. For daily spending of $1,000-3,000/month, Bybit (or any card with cashback) delivers better economics.

Assuming Bybit can replace RedotPay for high-volume spending. Bybit Standard caps at $50,000/month. A user attempting to spend $100,000 in a single transaction cannot do so on Bybit at any tier (Supreme caps at $250K/month with daily limits). RedotPay handles $100,000 single transactions and $1,000,000 daily. The cards serve different volume tiers. How to avoid it: If your use case requires $50K+ single transactions or $250K+ monthly volume, RedotPay is the only option between these two. Consider holding both: Bybit for daily moderate spending (earning cashback) and RedotPay for high-limit utility transactions.

For daily spending wanting cashback: Bybit at 2%+ with exchange integration. Positive returns at every tier versus RedotPay's fee-only model.

For high-volume off-ramping ($50K+ transactions): RedotPay with $1M daily limits and $100K per-transaction capacity. No other card matches this volume.

For privacy-focused access: RedotPay Virtual with no-KYC onboarding and instant activation.

For active Bybit traders: Bybit with seamless exchange-to-card integration, VIP tier cashback (up to 10%), and 8% USDT yield.

For users who need both: Hold Bybit for daily cashback-positive spending and RedotPay for large-ticket utility transactions.

Outlook: RedotPay's $107M Series B signals investment in product development. If RedotPay launches a permanent cashback program to complement its high-limit infrastructure, it would challenge Bybit on moderate daily spending. Without cashback, RedotPay remains a utility off-ramp rather than a rewards card. Bybit's advantage is defined returns at every tier - but its $50K-250K monthly caps limit appeal for the high-volume segment RedotPay serves. Watch for RedotPay's post-Solana-Edition rewards strategy and Bybit's potential limit increases.