The Binance Visa Card was discontinued in the EEA and UK in December 2023. Here is what happened, what the card used to offer, and the best alternatives for EU users in 2026.
The Binance Visa Card was discontinued in the EEA and UK in December 2023 after Visa and Mastercard ended their partnerships with Binance. As of 2026, Binance only offers a Mastercard debit card in Brazil (up to 2% cashback). There are no announced plans to relaunch in Europe. For EU users, the best 2026 alternatives are the ether.fi Cash Card (3% cashback on the free tier, self-custody, $0 annual fee), the Nexo Card (0% FX, credit mode), and the KuCard (KCS rewards, EEA). Editor rating: 2.5 / 5 (discontinued in Europe).
Binance terminated its EEA card program on December 20, 2023, after Visa and Mastercard ended their partnerships with Binance amid regulatory pressure. Existing Binance Visa Cards in Europe stopped working and cannot be reactivated.
The Binance Card was a Visa debit card available to verified Binance users in the EU and EEA until December 2023, when Binance closed the EEA program after Visa and Mastercard ended their partnerships. It was not a credit card — there was no credit line. When you paid, Binance instantly converted crypto from your Binance spot wallet into fiat and completed the transaction.
The card was custodial: Binance held your funds on your behalf. This is the standard exchange model — you trusted Binance with your assets, in exchange for the convenience of their platform and card product.
Binance issued both Visa and Mastercard debit cards in different markets at different times. Both worked identically: they spent from your Binance spot wallet and earned BNB cashback. In Europe, the product was the Binance Visa Card — until the EEA program closed in December 2023. As of 2026, the only active Binance card is a Mastercard debit card in Brazil (up to 2% cashback). If you're searching for "binance mastercard," that Brazil card is the only one that still exists.
The table below shows the historical EEA program rates (until December 2023), kept for reference now that the program is closed. Cashback was paid in BNB tokens and credited to your Binance spot wallet after each qualifying transaction. The rate was determined by your BNB balance at the time of the transaction and reset monthly.
| BNB Balance | Cashback Rate | BNB Value (approx.) | Monthly Cap |
|---|---|---|---|
| 0.0 – 0.09 BNB | 0% | < $54 | — |
| 0.1 – 0.99 BNB | 1% | ~$60 – $594 | No cap |
| 1 – 9.99 BNB | 3% | ~$600 – $5,994 | No cap |
| 10 – 99.99 BNB | 5% | ~$6,000 – $59,994 | No cap |
| 100+ BNB | 8% | ~$60,000+ | No cap |
Historical EEA program rates (until December 2023) — the rates shown are the final program rates before closure. BNB at approximately $600/token as of May 2026. The current Brazil Mastercard offers up to 2% cashback instead.
The advertised top rate of 8% required holding 100 BNB — worth approximately $60,000. Most users held around 1 BNB (~$600) and earned 3% cashback. The headline 8% was real, but it was only accessible to significant BNB holders — and since December 2023 it cannot be earned in the EEA at all.
| Fee | Amount | Notes |
|---|---|---|
| Annual fee | $0 | No monthly or yearly charge |
| Issuance fee | Free | Physical and virtual card, both free |
| Foreign exchange (FX) | 0% | Converted at real exchange rate at time of purchase |
| ATM withdrawal | Free up to €200/month | 3.5% + €1.25 per transaction above €200/month limit |
| Cashback currency | BNB tokens | Credited to Binance spot wallet |
| Crypto conversion at POS | Spot rate | Each purchase triggered a crypto-to-fiat conversion |
The 0% FX fee was a genuine advantage over many traditional and crypto cards while the program ran — the Binance Card did not add a foreign transaction surcharge on top of the underlying exchange rate. Among the 2026 alternatives, the Nexo Card is the one that matches this 0% FX benefit for EU users.
Kept for reference: this is how the EEA card program operated before it closed in December 2023. New applications in the EU/EEA and UK are no longer possible.
Using the Binance Card was equivalent to selling your crypto at the point of sale. When Binance converted your BTC, ETH, or other crypto to pay a merchant, that was a disposal of a capital asset in most jurisdictions. In Germany, crypto held under 1 year is subject to capital gains tax when sold or spent. In the US, every single purchase creates a taxable disposal event that must be reported. The same applies to most conversion-style cards you might pick as a replacement, regardless of the purchase amount.
The ether.fi Cash Card's Borrow Mode avoids this entirely — instead of selling your crypto, you borrow against it. Under current tax treatment, borrowing is generally not a disposal event.
This mechanic is worth understanding even though the Binance Card is gone from Europe, because most replacement cards work the same way. If you hold crypto with significant unrealized gains, spending via a conversion card could result in a substantial tax bill at year-end. Each small transaction (a coffee, a meal, a purchase) creates a separate reportable disposal. With potentially hundreds of transactions per year, the record-keeping burden alone is considerable.
The Binance column shows the final EEA program terms (until December 2023) for reference; the ether.fi column shows current 2026 terms. The most important row is the first one: only one of these cards is still available in Europe.
| Feature | Binance Card | ether.fi Cash Card |
|---|---|---|
| Status (2026) | Discontinued in EEA (Dec 2023) — Brazil only | Active — available to EU users |
| Cashback rate | Up to 8% BNB (former EEA program) | 3% SCR (free tier) |
| Annual fee | $0 | $0 |
| FX fee | 0% | 1% |
| Custody model | Custodial (Binance held funds) | Self-custody (Gnosis Safe) |
| Spending = taxable sale | Yes | No (Borrow Mode) |
| ETH earns yield while held | No | Yes — staking + restaking |
| Available in US | No | Partial (~30 states) |
| Available in EU/DE | Discontinued in EEA (Dec 2023) | Yes (Netherlands excluded) |
| Credit check | No | No |
| Physical card | Free | $40 deposit (refundable) |
| Token staking required for top rate | 100 BNB (~$60,000) | None — 3% free tier |
For EU users the choice has been made by Binance itself: the card is no longer an option in Europe. For ETH holders who want to preserve long-term upside and avoid triggering tax events, the ether.fi Cash Card's architecture is fundamentally different and more advantageous anyway. If 0% FX is your top priority, the Nexo Card is the current EU card that covers it.
The Binance Card was a solid, no-fee Visa debit card for EU/EEA users — but the program closed in December 2023, after Visa and Mastercard ended their partnerships with Binance. As of 2026, the only Binance card is a Mastercard debit card in Brazil (up to 2% cashback), and Binance has announced no plans to relaunch in Europe. Our rating: 2.5 / 5 (discontinued in Europe).
Even while it was live, the card had two structural weaknesses: it was custodial, and every purchase was a taxable disposal of crypto. Any replacement should fix at least one of those. That is why the ether.fi Cash Card is our primary alternative for EU users, with the Nexo Card (0% FX, credit and debit dual mode) and the KuCard (KCS rewards, EEA) as runners-up.
The Binance Card is no longer an option in Europe — the EEA program closed in December 2023 and no relaunch is announced. For EU users in 2026, the ether.fi Cash Card is the strongest alternative: 3% cashback on the free tier, self-custody, $0 annual fee, and a Borrow Mode that avoids taxable events. The Nexo Card (0% FX) and KuCard (KCS rewards) are solid runners-up.
Not in Europe. The Binance Visa Card program in the EEA and UK was closed in December 2023, after Visa and Mastercard ended their partnerships with Binance. As of 2026, the only Binance card is a Mastercard debit card available in Brazil (up to 2% cashback), and no European relaunch has been announced. The best alternatives for EU users are the ether.fi Cash Card (3% cashback, self-custody), the Nexo Card (0% FX), and the KuCard by KuCoin (KCS rewards).
Not for Europeans anymore — the card was discontinued in the EEA and UK in December 2023, so it is no longer an option outside Brazil. While it ran, the up-to-8% BNB cashback was impressive on paper but required significant BNB holdings; most users earned 1–2%. If you hold ETH and care about tax efficiency or self-custody, the ether.fi Cash Card is the stronger 2026 choice.
The historical EEA rates (until December 2023) were tiered by BNB balance: under 0.1 BNB = 0%, 0.1 BNB = 1%, 1 BNB = 3%, 10 BNB = 5%, 100 BNB = 8%. Most users realistically earned 1–3% in BNB tokens. The program has since closed; the current Brazil Mastercard offers up to 2% cashback. Spending crypto through a conversion card may trigger a taxable disposal event.
No. The Binance Card was not available in the US, and the EU/EEA program closed in December 2023 — today the only Binance card is the Brazil Mastercard. If you are based in the US and want a crypto card, the ether.fi Cash Card is available in approximately 30 US states.
The EEA card had no annual fee — it was free to issue and maintain, with no monthly or yearly charges and free ATM withdrawals up to €200/month (3.5% + €1.25 above that). Those terms ended when the program closed in December 2023.
Binance offered both Visa and Mastercard debit cards in different markets and time periods; both spent from your Binance spot wallet with BNB cashback. The European product was the Binance Visa Card until the EEA program closed in December 2023. As of 2026, the only active Binance card is a Mastercard debit card in Brazil (up to 2% cashback).
It did while the program was active: the Binance Card supported Apple Pay and Google Pay in eligible countries, and cards could be added to a digital wallet for contactless payments. Since the EEA program closed in December 2023, this no longer applies in Europe.
Where the card still exists (Brazil), Binance converts the required crypto from your spot wallet to local fiat in real time at the spot rate — the same mechanic the EEA card used until December 2023. Such a conversion is a taxable disposal event in most jurisdictions, including the US and Germany, and it applies to most conversion-style cards you might choose as a replacement. Keep records of each transaction for tax reporting.
The comparison is now largely historical: the Binance Card was custodial, converted crypto at the point of sale (a taxable event), and offered up to 8% cashback only with heavy BNB holdings — and it has been discontinued in Europe since December 2023. The ether.fi Cash Card is available to EU users today: self-custodial, 3% free-tier cashback with no token staking, and a Borrow Mode that avoids selling crypto (generally not a taxable event). The Binance Card's former 0% FX advantage no longer matters in Europe since the card cannot be used there.
This review is based on publicly available information from Binance's official card documentation (including the "Binance Card EEA Program Closure" support notice), independent analysis, and reported user experiences. Program status is verified as of July 14, 2026; the EEA fees and cashback rates shown are the final program rates before the December 2023 closure. This page contains affiliate links to ether.fi — we earn a referral commission if you apply through our link, at no cost to you. Our editorial assessment of the Binance Card is independent of any commercial relationship.