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Binance Card Review 2026: Is It Worth the Comeback?
The Binance Card is back, but treat it as a different product. After Visa and Mastercard pulled their partnerships in December 2023, Binance went two years without a card. The relaunch is a prepaid Mastercard in Brazil (October 2025), and Brazil is still the whole story: as of July 2026 the Binance card FAQ lists no other supported country. The economics changed again on June 1, 2026. The 8% top-tier cashback of the Visa era is long gone, but the current grid pays 1.5–3% credited in BRL, actual fiat, on spend tiers that apply retroactively to your whole month, behind a flat 0.9% conversion fee. If you live in Brazil and keep a balance on Binance, it is worth a look. Below is the full picture, drawn from our 170-card database. See our editorial disclosure.
Verdict: Sweepbase Rating 3.0 / 5
The new Binance Mastercard is a free card whose math got better in June 2026 and whose map did not. Right: a flat 0.9% conversion fee, no annual or issuance fees, and 1.5–3% cashback paid out in BRL, with your tier rate applied retroactively to the entire month. The 500 BRL monthly cap only starts to bite above roughly 16,700 BRL (~$3,000) of monthly spend, so most cardholders will never touch it. Wrong: the card exists in exactly one country. If you live in Brazil and already use Binance, it costs nothing to add and pays a real return. Everywhere else there is no card to apply for, however good the fee schedule looks on paper.
Quick picks by user type:
- Brazilian Binance user: Get the card, free, 0.9% fees, Pix top-ups, up to 3% cashback in BRL
- EU/UK resident: Not available. Try Crypto.com or Plutus
- US resident: Not available. Try Coinbase or Fold
- Self-custody user: Custodial only. See Ether.fi Cash or Gnosis Pay
What Is the Binance Card?
The Binance Card is a prepaid Mastercard debit card that lets you spend cryptocurrency at any Mastercard-accepting merchant worldwide. You load BTC, BNB, USDT, or other supported crypto onto the card, it converts to BRL at 0.9% conversion, and you spend normally: contactless tap, online, or ATM.
It's issued by Binance, the world's largest cryptocurrency exchange by trading volume, in partnership with Dock (payment processor in Brazil) and Mastercard. The card is custodial, meaning your funds are held on Binance, not in a self-custody wallet. Both virtual and physical cards are available, with the virtual card issued instantly after KYC approval.
The Shutdown and Comeback
The original Binance Visa Debit Card launched in the EEA in December 2020 and quickly became one of the most popular crypto cards globally, offering up to 8% cashback across 7 BNB-holding tiers in 30+ European countries. That ended abruptly.
In November 2023, Binance reached a $4.3 billion settlement with the US Department of Justice, and former CEO Changpeng Zhao (CZ) pleaded guilty to violating anti-money-laundering laws. Both Visa and Mastercard terminated their partnerships. On December 20, 2023, the EEA Visa card program officially ceased. Binance told users to destroy their physical cards.
After nearly two years without a card product, Binance relaunched on October 1, 2025 with a new prepaid Mastercard in Brazil. It has stayed there. As of July 2026, the Binance card FAQ lists Brazil as the only supported country. Under CEO Richard Teng this looks deliberate: a compliance-first, one-market rollout instead of the global blitz of the CZ era.
Cashback Tiers Compared
The new Binance Card uses a spend-based tier system, refreshed on June 1, 2026. Your rate depends on how much you spend per month, not how much BNB you hold, and once you cross a threshold the higher rate applies retroactively to everything you spent that month. Payout is in BRL.
Current Brazil Mastercard Tiers (from June 1, 2026)
| Level | Monthly Spend (BRL) | Cashback Rate | Max Monthly CB |
|---|---|---|---|
| Tier 1 | < 500 BRL (~$90) | 1.5% | 500 BRL (~$90) |
| Tier 2 | 500 – 5,000 BRL | 2.0% | |
| Tier 3 | ≥ 5,000 BRL (~$900) | 3.0% |
The tier is retroactive, not blended. End the month at 5,200 BRL of spend and all 5,200 BRL earns 3%, not just the amount past the threshold. Cashback is credited in BRL.
Old EEA Visa Tiers (Discontinued December 2023)
For reference, the original BNB-holding tier system that many review sites still incorrectly display:
| Level | BNB Holding | Cashback | Monthly Cap (EUR) |
|---|---|---|---|
| 1 | 0 | 0.1% | €5 |
| 2 | 1 BNB | 2% | €100 |
| 3 | 10 BNB | 3% | €150 |
| 4 | 40 BNB | 4% | €200 |
| 5 | 100 BNB | 5% | €275 |
| 6 | 250 BNB | 6% | €350 |
| 7 | 600 BNB | 8% | €500 |
Important: These old tiers are no longer active. If you see a review site advertising "up to 8% cashback" on the Binance Card, it is referencing the discontinued EEA Visa program. The current maximum is 3%, paid in BRL, and it takes monthly spend, not BNB holdings.
Real Fees Breakdown
The fee structure is straightforward: zero issuance, zero annual fee, and a 0.9% conversion rate. Full breakdown for the Brazil Mastercard:
| Fee Type | Amount |
|---|---|
| Card Issuance | Free (10 USDT minimum balance to order the physical card) |
| Annual Fee | Free |
| Monthly Fee | Free |
| Crypto Conversion | 0.9% per transaction |
| FX Fee (non-BRL) | 1–2% + 3.5% IOF tax |
| ATM Withdrawal | 2 free/month, then $1.50 each |
| Top-up Fee | Free |
| Inactivity Fee | None |
| Physical Card Cancellation | 30 BRL (within 1 year), free after |
Hidden Costs to Watch
- Crypto-to-fiat spread: The 0.9% conversion fee is the disclosed rate, but Binance converts at its internal exchange rate and does not publish the spread above mid-market. Budget for slightly more than 0.9% in practice.
- IOF tax (Brazil): Brazilian IOF (Imposto sobre Operações Financeiras) applies to international card transactions at 3.5% (Decree 12.499/2025, reinstated by the STF in July 2025; the schedule that would have phased it down to zero was scrapped). This is a government tax, not a Binance fee, and it hits credit, debit, and prepaid cards alike, so do not expect it to fall.
- Tier cliffs: because the rate is retroactive, closing the month at 4,900 BRL of spend earns 2% (98 BRL) while 5,000 BRL earns 3% (150 BRL). Missing a threshold by a few reais quietly costs your entire month the higher rate.
Year 1 ROI Example: 2,000 BRL/Month Spending
Assuming 2,000 BRL/month (~$360) in domestic BRL spending, funded via crypto (0.9% conversion). That sits in the 500–5,000 BRL band, so the whole month earns 2%:
- Conversion cost: 0.9% × 24,000 BRL = −216 BRL/year
- Cashback (2% tier, retroactive): 2% × 24,000 BRL = +480 BRL/year (well under the 500/mo cap)
- Net: 480 − 216 = +264 BRL/year (~$48)
At 5,000 BRL/month the whole month tips into the 3% tier: 150 BRL/month, or 1,800 BRL/year in cashback, against 540 BRL in annual conversion fees. The net lands at +1,260 BRL/year (~$229). The 500 BRL cap only kicks in past roughly 16,700 BRL/month of spending (where 3% of spend exceeds the cap), which is well above what most users put through a prepaid card. Use our fee calculator to model your own spending. For a deeper breakdown of fee types, see our Crypto Card Fees Explained guide.
| Card | Value |
|---|---|
| Crypto.com Visa Card | 0% |
| Wirex Card | 0% |
| Gemini Credit Card | 0% |
| Ether.fi Cash Card | 0% |
| Nexo Card | 0.20% |
| Binance Card | 0.90% |
Fees parsed from Sweepbase data. Lower is better, but read the 0% bars carefully: those are official no-FX-markup claims, and the real cost sits in crypto-to-fiat conversion spreads the issuers do not publish. Binance's 0.9% is a flat, disclosed conversion fee (Wirex is custodial despite the multi-currency wrapper).
The 0.9% rate is not the lowest bar on the chart, and that is fine. The 0% entries hide their cost in an unpublished spread; Binance's fee is flat and printed in the schedule, so you can do the math before you swipe. And since June 2026 the old cap argument is mostly dead: 500 BRL a month at the 3% tier puts the ceiling near 16,700 BRL (~$3,000) of monthly spend.
0.9%
Conversion fee
Flat and disclosed, unlike 0%-plus-spread claims
3%
Top cashback tier
Paid in BRL, retroactive, capped at 500 BRL/mo
1
Supported country
Brazil only, per Binance's own card FAQ
The 2026 trade-off: fee and cashback economics that hold up, reach that does not.
Cashback Deep Dive
The Binance Card's cashback system has changed twice: once at the 2025 relaunch, and again on June 1, 2026, when the tiers, the cap, and even the payout currency were rewritten. Here is the current structure:
Spend-Based vs. Holding-Based Tiers
The old system rewarded BNB holders: park 600 BNB to earn 8%. The new system rewardsspenders. Spend more in a month and you earn a higher rate on all of it, since the tier applies retroactively to the full month rather than only to spend above each threshold. No upfront capital, but a lower ceiling: 3% now versus 8% then.
ROI at Different Spending Levels
| Monthly Spend | Tier | Gross CB/Month | After Cap | Conversion Cost | Net/Month |
|---|---|---|---|---|---|
| 400 BRL | Tier 1 (1.5%) | 6 BRL | 6 BRL | −3.60 BRL | +2.40 |
| 2,000 BRL | Tier 2 (2.0%) | 40 BRL | 40 BRL | −18 BRL | +22.00 |
| 5,000 BRL | Tier 3 (3.0%) | 150 BRL | 150 BRL | −45 BRL | +105.00 |
| 20,000 BRL | Tier 3 (3.0%) | 600 BRL | 500 BRL* | −180 BRL | +320.00 |
No, the Card Balance Does Not Earn Yield
A persistent claim in older reviews (including an earlier version of this one) is that Binance card funds keep earning APY while they sit spendable. Binance's own product docs say otherwise: the card debits your Funding/Spot balance, and that balance pays nothing. Simple Earn Flexible is a separate product you subscribe assets into, and its only card-related role is that Earn balances count toward the 10 USDT minimum for ordering a physical card. If yield on the balance you spend from matters to you, Nexo's Debit Mode and Bybit's Auto-Earn do what this card does not.
Cashback in BRL: the Odd One Out
Since June 2026 all cashback is credited in BRL. Fiat. For a crypto card this is close to heresy, and it is quietly one of the better features: the 3% you earn is 3%, not 3% minus whatever BNB does before you get around to selling. The trade-off is symmetrical. You give up token upside, and you get the value you were actually promised. Most cards in our database pay rewards in a volatile token; if you want the token-reward version instead, browse all cashback cards.
Supported Countries
Geographic coverage is the biggest weakness here, and it is narrower than our earlier reporting suggested. The old Visa card covered 30+ European countries. The relaunched Mastercard serves one market:
- Brazil: Full availability since October 2025. BRL and Pix top-ups, 12 supported assets, CPF required at KYC. Binance's card FAQ (updated May 2026) answers the availability question in four words: "Currently we support: Brazil."
Earlier coverage, including a previous version of this review, described Argentina, Colombia, Peru, and CIS countries as supported. The current card FAQ lists none of them.
NOT Available In
- United States: Never was. Regulatory barriers remain. See our USA guide.
- Europe (EEA): Discontinued December 2023. Binance Pay (QR-based) is the alternative. See our Germany guide.
- United Kingdom: Discontinued. Card accounts in "View Only" mode for legacy users. See our UK guide.
- Canada: Not available. See our Canada guide.
Announced Expansion: None
Binance has published no expansion roadmap for the card. Under CEO Richard Teng the strategy is compliance-first, so treat any country rumor as noise until it shows up in Binance's own card FAQ.
Pros & Cons
Based on our analysis of Binance Card's 25 data points in the Sweepbase database and official Binance documentation:
Pros
- Zero recurring fees: No issuance, annual, monthly, or top-up fees; the physical card just needs a 10 USDT minimum balance to order.
- Flat 0.9% conversion: Disclosed in the fee schedule, so the cost of a swipe is knowable in advance.
- Up to 3% cashback in BRL: Retroactive spend tiers, no staking, no lockup, no token to babysit.
- 12 top-up assets: USDT, USDC, FDUSD, BNB, BTC, ETH, SOL, ADA, LINK, XRP, BRL, and U.
- Pix integration (Brazil): Instant, free BRL top-ups via Brazil's dominant payment rail.
- Mobile pay support: The virtual card works for contactless payments before the physical arrives.
- Backed by the largest exchange by trading volume: Conversion liquidity is not a concern.
- 2 free ATM withdrawals/month: Then 1.50 USD each.
Cons
- One country: Brazil only, per Binance's own card FAQ. Not the US, EU, UK, or anywhere else.
- Custodial only: Your crypto is held by Binance with no self-custody option.
- No yield on the card balance: The card spends your Funding/Spot balance, which pays nothing; Simple Earn is a separate product.
- 500 BRL/month cashback cap: Irrelevant below ~16,700 BRL of monthly spend, a real ceiling above it.
- No IBAN/SWIFT/SEPA: Cannot receive bank transfers or use as a primary bank account.
- Regulatory risk: The $4.3B DOJ settlement and a US compliance monitor through 2028 are recent history, not ancient.
- Max 3% cashback: Better than the 2025 launch grid, still well short of the old Visa's 8%.
- IOF tax (Brazil): The 3.5% government tax on international purchases erases the cashback on cross-border spending.
- No streaming or lounge perks: No Spotify, Netflix, or airport lounge access at any tier (Crypto.com includes these at higher tiers).
Binance vs Crypto.com vs Coinbase
The three biggest exchange-backed crypto cards, compared on the numbers that actually differ:
| Feature | Binance | Crypto.com | Coinbase |
|---|---|---|---|
| Card Network | Mastercard | Visa | Visa |
| Card Type | Prepaid | Prepaid + Credit (US) | Debit |
| Max Cashback | 3% (in BRL) | 5% (prepaid) | Up to 4% (rotating) |
| Monthly CB Cap | 500 BRL (~$90) | $25–$75 mid tiers; none on top | Varies |
| Conversion Fee | 0.9% flat | ~0.5% spread; 0% FX markup | $0 + unpublished spread |
| Staking / Lockup Required | None | CRO lockup ($500–$500K by tier) | None |
| Issuance + Annual Fee | Free + Free | Free + Free | Free + Free |
| US Availability | No | All 50 states | Yes (excl. Hawaii) |
| EU Availability | No (discontinued) | 31 countries | No (wound down 2023) |
| Brazil Availability | Yes | Yes | No |
| Self-Custody | No | No | No |
| Lounge Access | No | Pro+ (1,700+ lounges) | No |
| Streaming Rebates | No | Spotify + Netflix (Plus+) | No |
| Mobile Pay | Yes (mobile pay) | Apple + Google + Samsung | Apple + Google Pay |
When to Choose Each Card
- Choose Binance if: You're in Brazil, want zero fees, and already use the Binance ecosystem. The 3% top tier takes 5,000 BRL of monthly spend rather than a token lockup, and the 0.9% conversion fee is flat and disclosed. Best for existing Binance users in Brazil.
- Choose Crypto.com if: You want the widest geographic coverage (40+ countries), scalable tiers with streaming rebates and airport lounge access, and uncapped cashback on the top tiers. Best for US and EU residents willing to commit to a tier.
- Choose Coinbase if: You're in the US, want zero staking requirements, and prefer simplicity. There are no card fees; the cost hides in an unpublished conversion spread, and rewards rotate monthly at up to 4%. See our Coinbase Card review.
Want self-custody instead? None of these three are self-custodial. For a card that keeps crypto in your own wallet until you spend, see Ether.fi Cash Card (DeFi-native, Visa Signature) or Gnosis Pay (Ethereum-based, Visa).
Editor's notes from the regulatory rebuild
Editorial commentary from Mihail B.. Sweepbase tracked the original Visa card through its 2023 shutdown and then watched the 2025 Brazil relaunch in real time. These are the takeaways the spec sheets do not mention.
The June 2026 grid rewrote the math
On the 2025 launch grid the 250 BRL cap was the story: the headline rate stopped mattering at about $1,100 of monthly spend. The June 1, 2026 grid killed that critique. The cap doubled to 500 BRL, the top rate went to 3%, and the tier now applies retroactively to the whole month. Our modelled middle-class household at 4,500 BRL a month earns a flat 2%, 90 BRL. Nudge that to 5,000 and every real of the month earns 3%, 150 BRL. The mechanic to watch is no longer the cap, it is the threshold: the last 100 BRL before a tier line is the most valuable spending you will do all month.
Pix integration is the under-rated win
Western reviews of the Binance Card miss this because Pix is a Brazilian rail. Topping up the card from a Brazilian bank takes seconds, not minutes, and is free. That removes the friction that kills most exchange cards (waiting for a deposit to clear before you can spend). For now it is a Brazil-only advantage attached to a Brazil-only card. If a second market ever appears in the FAQ, whether the local instant-payment rail comes along is the first thing we will check.
Counterparty risk is real and tracked
We are not in the camp that says “regulator settled, problem solved.” Binance still operates under a US compliance monitor through 2028. The Brazilian launch is run through a separate entity (Binance Brazil with Dock as processor), which is part of why the card came back at all, but it also means the card account and your main Binance balance are governed by different terms. Read the Brazilian T&C if you plan to keep meaningful balances on the card, not on the Binance.com T&C you signed years ago. Among the 170 cards in our database, this is the one where the issuer-side legal posture has shifted the most in the last 24 months.
What we would change if we ran the product
An earlier version of this review asked Binance to lift the 250 BRL cap. The June 2026 grid did that and more: cap to 500 BRL, top rate to 3%, payout switched to BRL. Credit where it is due. What is left on the list is geography. Add EU back through a MiCA-licensed issuer; there are now dozens of crypto-friendly EMIs that would co-brand a card with Binance under MiCA Title V rules. Until that happens, the recommendation matrix stays narrow: Brazil + Binance user → yes, otherwise → look elsewhere.
Why I cannot test this card directly anymore
I want to flag something the spec table cannot: I held the European Binance Visa Card issued through Contis before the December 2023 shutdown, and I am writing this 2026 review without a Brazilian residency that would let me sign up for the relaunched product. That changes the texture of what I can claim. The pre-2023 Visa fee schedule, the in-app top-up flow, the BNB-spend conversion behaviour, all of that I tested with my own card for roughly eighteen months. The relaunched 2025 Brazil Mastercard I have monitored through public statements from Binance Brazil, Dock’s processor announcements, and Brazilian-language reviews from users who do hold the card.
That distinction matters for honesty. The old-Visa behaviour I describe comes from my own statements; the June 2026 tier grid, the 500 BRL cap, and the Pix top-up speed come from issuer documentation and corroborating Brazilian reviewers. Anywhere this review ventures further than that, I have flagged the claim as derived from cited primary sources rather than direct testing. Where I expect things to drift next: another tier-grid revision is the most likely change (there has already been one this year), the EEA re-launch is the least likely.
For Polish, German, or any non-Brazilian EEA reader landing on this page from search: the card is not available to you in 2026 regardless of what older affiliate posts may still claim. The honest recommendation is to look at the EEA alternatives in our Germany guide or the broader UK guide, not to start a Binance Brazil entity setup on the gamble that EEA support returns within a card’s useful life.
How to Apply for the Binance Card
The application process takes 5–10 minutes with near-instant virtual card issuance:
- Download the Binance app (available on iOS and Android). Create an account or log into your existing Binance account.
- Complete KYC verification. Upload a government-issued photo ID (passport, driver's license, or national ID), take a selfie for liveness check, and provide proof of residential address. In Brazil, a CPF number is required.
- Navigate to the Card section. In the Binance app, go to "Finance" → "Binance Card" and tap "Get Started."
- Confirm your region. The card is available in Brazil only. The card option will not appear for any other region.
- Receive your virtual card. It is issued instantly after approval. Add it to Apple Pay or Google Pay and start using it for online and contactless payments right away.
- Request your physical card (optional). You need a minimum balance of 10 USDT to order. Ships to your verified address in 7–14 business days.
- Top up and start spending. Fund via crypto (12 assets, 0.9% conversion) or Pix (instant BRL). Your crypto is converted to BRL at the point of top-up.
Alternatives to the Binance Card
Compare All Cards
See how the Binance Mastercard stacks up against the rest of our 170-card database on fees, cashback, custody, and availability.
Bottom Line
Binance Card 2026 is the right card for exactly one audience: people in Brazil who already use Binance and want a free Mastercard with a flat 0.9% conversion cost. Since June 2026 the rewards side holds up better than most reviews still claim: 3% paid in BRL once monthly spend reaches 5,000 BRL, retroactive to the whole month, with a cap you will not hit below roughly 16,700 BRL of spend. What has not changed is the wall around it. No US, no EU, no UK, no country but Brazil, on Binance's own FAQ. Treat it as a free tool to add if you qualify, not a card anyone else can plan around.
Frequently Asked Questions
It depends on whether you live in Brazil, because that is the only country where the card exists. For Brazilians the Mastercard is a solid free option: 1.5-3% cashback paid in BRL, a 500 BRL monthly cap, 0.9% conversion, free issuance, Pix top-ups. Everyone else cannot apply at all. Binance's card FAQ lists Brazil as the only supported country as of July 2026, so the practical alternatives are Crypto.com (40+ countries) or Coinbase (US).
The original Binance Visa Debit Card was discontinued on December 20, 2023. Both Visa and Mastercard ended their partnerships with Binance following the $4.3 billion DOJ settlement and former CEO CZ's guilty plea in November 2023. After nearly two years without a card product, Binance relaunched in October 2025 with a new Mastercard in Brazil, which remains the only supported country as of July 2026.
Brazil, and nothing else. Binance's card FAQ says it plainly: "Currently we support: Brazil" (FAQ updated May 2026). The card relaunched there in October 2025, two years after the old Visa program that covered 30+ European countries was shut down in December 2023. It is NOT available in the United States, United Kingdom, or European Economic Area. Binance pushes Binance Pay (QR-based) as the card alternative in Europe.
Since June 1, 2026 the card uses spend-based tiers in Brazil: 1.5% if you spend under 500 BRL in the month, 2% from 500 to 5,000 BRL, and 3% at 5,000 BRL or more. The rate is retroactive: cross a threshold and your entire month earns the higher rate, not just the spend above the line. Cashback is credited in BRL (not BNB) and capped at 500 BRL per month. The old 7-tier BNB-holding ladder with up to 8% died with the Visa card in 2023.
Issuance and annual fees are zero, though ordering the physical card requires a minimum balance of 10 USDT. The main running cost is the 0.9% crypto-to-fiat conversion fee. Non-BRL transactions add 1-2% FX plus Brazil's 3.5% IOF tax. ATM withdrawals are free twice a month, then 1.50 USD each. Cancelling the physical card inside the first year costs 30 BRL. There are no monthly maintenance or inactivity fees.
No. The Binance Card has never been available in the United States due to regulatory barriers. Binance.US (the separate US entity) has not launched a card program. US residents should consider Coinbase Card (US-only, rotating rewards up to 4%), Crypto.com Card, or the Fold Card for a Bitcoin-rewards alternative.
No, not for new users. The original Binance Visa Card was available in 30+ European countries but was discontinued on December 20, 2023. As of July 2026, Binance has not relaunched a card in Europe; its card FAQ lists Brazil as the only supported country. Instead, Binance offers Binance Pay (QR-based contactless payments) as an alternative for European users. For European crypto cards, see our guides on cards available in Germany and the UK.
The Brazil Mastercard supports mobile-wallet payments, and the virtual card works for online and contactless spending before the physical card arrives. Binance's docs confirm mobile pay support without breaking out wallets by device, so check the Binance app for Apple Pay or Google Pay provisioning on your phone.
Twelve assets: USDT, USDC, FDUSD, BNB, BTC, ETH, SOL, ADA, LINK, XRP, BRL, and U. BRL loads instantly via Pix. One thing to know: the card spends your Funding/Spot balance, which earns nothing. Binance Simple Earn is a separate product, and Earn balances only count toward physical-card eligibility, not toward spending.
On conversion cost they are hard to compare directly: Binance charges a flat, disclosed 0.9%, Coinbase charges $0 in fees but takes an unpublished spread, and Crypto.com runs roughly a 0.5% spread with 0% FX markup on most tiers. Binance's edge is cashback without capital: 3% takes 5,000 BRL of monthly spend, while Crypto.com's 3% tier wants a $5,000 CRO lockup. The wall is geography. Binance is Brazil-only; Crypto.com covers 40+ countries; Coinbase covers the US. All three are custodial. For a self-custody alternative, consider Ether.fi Cash Card.
Sources & Further Reading
Fees, cashback tiers, and regional availability for this review were verified against primary sources on . If any figure below no longer matches the issuer's current terms, let us know, we update confirmed changes within 48 hours.
- Binance Card official product page — fee schedule, supported countries, cashback tiers, and Mastercard BIN details.
- US Department of Justice: Binance and CEO plead guilty (November 2023) — primary source for the $4.3 billion settlement and its impact on Binance's US operations.
- Binance Help Center — KYC levels, regional eligibility, and Binance Card FAQ as published by the issuer.
- Mastercard's Digital Currency & Crypto Programme — issuer-side context for how Binance's Mastercard card is processed.
- Sweepbase Rating Methodology — exact formula used to score Binance Card relative to the full card database.
Sources & references
Every claim above is grounded in a primary source. The list below is what we read to write this guide: regulators, issuer fee schedules, archived snapshots. If a number looks wrong, start here.
- Binance Card termination announcement (EEA) — BinanceIssuer announcement page where the December 2023 Visa-card discontinuation was published.
- SEC v. Binance complaint (June 2023) — US Securities and Exchange CommissionRegulatory action that shaped which jurisdictions Binance Card can still serve.
- Binance Card fees and limits — BinanceOfficial Brazil card-fee schedule referenced for the cashback and FX numbers in this review.
- CSSF virtual asset service provider framework — Commission de Surveillance du Secteur FinancierContext on the Luxembourg VASP regime Binance operated under during the era of the Contis-issued European Visa Card.
- Visa Exchange Rate Calculator — VisaDaily wholesale rate card networks use as the FX baseline before the issuer adds its surcharge.