Bybit Card (Mastercard) vs OKX Debit Card: who issues each, and what protects your money?

Who issues each card, and where is it regulated?

The single most important difference between two crypto cards is rarely the cashback rate. It is which Electronic Money Institution issues the card and which regulator stands behind it, because that is the entity holding and safeguarding your money under Directive 2009/110/EC. Here is the side by side.

	Bybit	OKX
Issuing entity	Harmoniie SAS	UAB Monavate
Issuer jurisdiction	France	Lithuania
Issuer regulator	Autorite de controle prudentiel et de resolution (ACPR), Banque de France	Bank of Lithuania (Lietuvos bankas)
Card network	Mastercard	Mastercard
Card type	debit	prepaid
EEA availability	Available to Bybit EU users across passported EEA member states.	Available to OKX users across the EU and Norway. Iceland and Liechtenstein are excluded. Currently issued as a virtual card only; physical cards are not issued. The card is connected to an OKX Pay account and spends from a USDG stablecoin balance.
Brand also holds	MiCA spot (profile), MiFID II derivatives (profile)	MiCA spot (profile), MiFID II derivatives (profile)

Which card's issuer is more strongly regulated?

Both issuers are authorised Electronic Money Institutions under the same EU framework, the E-Money Directive. The difference is the home regulator: Bybit is issued out of France under the Autorite de controle prudentiel et de resolution (ACPR), Banque de France, while OKX is issued out of Lithuania under the Bank of Lithuania (Lietuvos bankas). Neither is inherently safer; both passport across the EEA. What matters is that the issuer is the named, authorised entity you can find in the EUCLID register.

Which card protects your balance, and how?

Both cards hold your spending balance as electronic money, safeguarded under Article 7 of the E-Money Directive rather than covered by the EUR 100,000 Deposit Guarantee Scheme. That means the balance is segregated or insured by the issuer, not pooled in an industry guarantee fund. The crypto behind the card is a separate exposure to the exchange. Our EMI vs bank protection page sets out the practical difference.

Which card should you actually pick?

We do not rank cards or publish a score. The honest framing is: pick the issuer and regulator you are comfortable with, confirm the card is live in your country, and read the current cashback and fee terms on the issuer's own page, because those change often and are the part most likely to be out of date anywhere else. If Bybit or OKX also runs your spot trading, the cross-vertical profiles let you check that the same brand's MiCA and MiFID II roles are authorised too.

See each card in full: Bybit card and OKX card.