Note: The Binance Card is no longer available. Binance accounts are unaffected and continue to operate as usual.
1. How does the Binance Card (GCC) work?
The Binance Card (GCC) supports real-time cryptocurrency to fiat currency conversion, enabling you to spend your crypto assets in over 60 million online and physical stores globally.
2. In which order does the Binance Card (GCC) use my cryptocurrency in the Spot/Funding Wallet?
The Binance Card (GCC) uses an aggregate value of your selected cryptocurrencies in your Spot/Funding Wallet to make purchases based on the payment priority you set in the Card Dashboard.
Currently, the Binance Card (GCC) supports 11 cryptocurrencies, including BUSD, USDT, USDC, BTC, BNB, ETH, ADA, DOT, SOL, MANA, and SXP.
You can add, remove, or rearrange the order of the spending cryptocurrencies from [Card Dashboard] - [Payment Priority] - [Edit]. The system will follow the payment priority when you purchase with your Binance Card (GCC). Please note that you must have at least 6 cryptocurrencies in your Payment Priority list. A maximum of 11 cryptocurrencies can be selected.
If the BUSD balance in your Funding Wallet is sufficient, the purchase will be made solely by converting your available assets to BUSD. If your wallet balance is insufficient, the system will automatically check whether your BUSD and USDT balances can cover the purchase following the payment priority you set.
3. Will my payment be declined if the balance of my prioritized cryptocurrency is insufficient?
The transaction should go through if the aggregated balance in your Spot/Funding Wallet equals or exceeds the amount the merchant is attempting to charge. Binance will automatically use all available cryptocurrencies in the order you selected or based on the balance left in the Wallets to complete the transaction.
Your Spot Wallet has been automatically enabled as an additional source of funding for making payments. Find out more about using your Spot Wallet as a backup source of funding here.
4. Where can I use my Binance Card (GCC)?
You can use your Binance Card (GCC) anywhere in the world at any Mastercard merchant.
5. How do I use the Binance Card (GCC) to make online transactions?
You can use the Binance Card (GCC) to make transactions online by entering your Card details on the payment page when you checkout.
6. Is my Binance Card (GCC) contactless?
Yes, you can make contactless payments with your physical Binance Card (GCC) where the point of sales (POS) terminals support them. To activate contactless payment on your Binance Card (GCC), you must complete the first transaction of your physical Binance Card (GCC) with Chip & PIN.
If the Chip & PIN payment on the POS machine fails, please activate your PIN from an ATM.
If the Chip & PIN payment on the POS machine fails, please activate your PIN from an ATM.
7. When will the funds be returned to my Funding Wallet if a transaction is declined?
If a transaction is declined after the funds were deducted from your Funding Wallet, e.g., due to network issues that are out of Binance’s control, your funds will be returned to your Funding Wallet (in BUSD) within 2 hours.
8. Can I pay for products and services in foreign currencies?
Your card is denominated in USD. If you make a purchase or an ATM withdrawal in any other currency, we will convert the amount of the transaction into USD using the exchange rate set by Mastercard on the day they process the transaction. Please note that this conversion rate may differ from the conversion rate on the actual date of the transaction. You may check the conversion rate for each transaction in the transaction details.
9. Can I transfer funds to the Binance Card (GCC) from third-party platforms?
You cannot top up your Binance Card (GCC) from other external platforms. Funds that are sent directly from third-party platforms will not be credited to your Binance Card (GCC) balance and might result in the loss of these funds.
This card is issued by Infinios Financial Services B.S.C. (c) pursuant to license by Mastercard. By using the card, the cardholder agrees to the terms and conditions under which it was issued. Infinios Financial Services B.S.C. (c) is licensed and regulated by the Central Bank of Bahrain as an Ancillary Services Provider: Payment Services Provider and Card Processor.