Overseas bank cards｜Bybit Card: Account application and Lv2 review passing tips

For individual users, there is a very interesting thing: in order to save money, they try every possible way to purchase software or subscribe to services across regions. But in addition to the direct payment fees, in order to achieve this goal, the cost of using each link during the period must be calculated. Among them, cross-border remittances and currency conversion fees account for a huge proportion.BybitAnd the MasterCard debit card it launched is a recognized low-cost way to withdraw money.

Just a simple introduction for friends who don’t know much about it.BybitIn fact, it is the fourth largest cryptocurrency trading platform in the world.Bybit CardIt is a virtual cryptocurrency debit card jointly launched by Bybit and Mastercard. The interesting thing about this card is that it supports direct consumption with 8 cryptocurrencies. The only fees incurred during the period are: 0.5% foreign exchange fee in the euro zone and 0.9% cryptocurrency liquidation fee. If you convert cryptocurrency to euros on Bybit in advance (the exchange rate is basically the same as the international exchange rate), then this card will only cost 0.9%.

Therefore, in small international payments, if you want to reduce exchange rates and currency conversion costs, Bybit Card is one of the best options.

1. The proportion of cross-border payment costs cannot be ignored

For example, the monthly subscription fee for a software is 68 yuan, and the price in the low-price zone is 44 yuan, which seems to be a good deal. But in fact, in the process of paying 44 yuan, you may have to spend an extra 8 to 9 yuan. In this way, it is only equivalent to a 20% to 10% discount on the domestic price. If you can buy a recharge card with a 10% discount, and then consider the time cost of paying for the low-price zone, it is not worth it.

The lower the price of the software and the more transactions there are, the higher the proportion of this cost will be.

Because cross-border remittances, currency conversions, top-ups, etc. usually adopt the method of "single fixed fee + percentage of amount". You can compare the fees for sending $100 and $1,000 across borders at a bank.

Personal users who have used virtual bank cards like onekey or dupay should be able to understand the pain.

Therefore, if you want to reduce the cost of cross-border remittances and currency exchange between different countries, you usually use cryptocurrency trading platforms and Wise.

2. Bybit Account Application

For users in mainland China, applying for Bybit requires the following preparations:

1. Registration documents: Passport

2. Registered IP: You need to have a national IP in a non-restricted area, such as Japan, Germany, etc.

Bybit cannot be used in areas with strict financial controls, such as the United States, the United Kingdom, Singapore, the Netherlands, etc. If you use an IP address from a strictly controlled country, there will be a prompt, just avoid these countries.

The rest of the registration process and Lv1 identity verification are no different from regular account registration, so just follow the process.

3. Lv2 Authentication

Only after passing Lv2 identity verification can you apply for a bank card (virtual and physical) on Bybit.

Among the documents provided, bank statements and utility bills are the easiest to process. Since Bybit supports German N26 bank statements, as long as you apply for German N26, it will be approved in seconds.

Tutorial:Overseas bank cards | German bank card N26 application tutorial: bypass video review, activate Wise, and obtain address proof

However, for many people like me, who use the Netherlands to bypass the video review, it will be a bit more troublesome. Because the Netherlands is also a strict control area of Bybit and does not accept local bank bills.

So, the time has come to test PDF technology.

The format of N26 bank statements is PDF, which can be edited using Adobe Acrobat Pro. As for what to edit, it's up to you.

but--

There is a problem with the edited PDF, which is that the fonts do not match. Even if you download the same font, you can still see the difference. In addition, it is not clear whether there is any technical means to identify the modification traces of this PDF bill, and the audit always fails.

So, the second trick is here——

Print out the modified electronic bill (in color), take a photo and upload it.

Then passed perfectly!

In addition, a blogger said that if the review fails three times in a row, the review entrance will be closed. I have never encountered this situation. But it took 7 consecutive rejections for me to come up with this solution through trial and error.

4. Bybit Card is always under review

After passing Lv2 verification, in theory, the application for Bybit Card (virtual card) should be approved in seconds. However, for many people, the card status is still under review after 7 working days. How can I solve this problem?

1. Should the IP used during application be the same as the Lv2 address?

To be on the safe side, they should be the same. For example, if your billing address is Germany, you can use a German IP to apply for the card. However, my billing address is Spain, and I didn't pay attention to the IP when applying for the card, so I used Nigeria. It can still pass the review.

2. Apply for the Card on the website or app?

Try to apply on the web version (under "Finance" in the top menu). Most of the cases where the review time is extended are those that were applied on the app.

3. Do I need to wait after 7 working days?

My advice is don't wait! If it's still under review after more than 7 working days, contact customer service directly and place a work order in the customer center. I placed a work order in the afternoon and it was approved in the evening. Therefore, taking the initiative to urge it can speed up the progress.

The above are all the difficulties and solutions for applying for Bybit and passing the review. Fill in my invitation code and we will all get a lot of benefits.

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