LBank has launched its Physical Card, extending the cryptocurrency exchange's ecosystem into everyday payments through Visa's global network. Eligible users can apply through LBank's official platform and spend funds held in their LBank spot accounts at supported Visa merchants and ATMs worldwide, the exchange said.

The launch is intended to give cryptocurrency holders a more direct way to use digital assets for routine expenses, including dining, hotels, shopping, transportation and international travel. Rather than limiting cryptocurrency to trading activity, the card is designed to connect digital asset holdings with established payment infrastructure.

The LBank Card lets eligible users spend directly from their spot account balance, with digital assets converted into the transaction currency in real time and no separate card-wallet top-up or manual transfer required.

LBank, founded in 2015, says it serves more than 25 million registered users across 210 countries and regions. The exchange reports daily trading volume of more than $23.81 billion and states that it has operated for a decade without a security incident. Its platform supports more than 300 established cryptocurrencies and over 50 emerging digital assets.

Real-time conversion simplifies crypto spending

The card has been structured around reducing the number of steps required to move from cryptocurrency ownership to real-world payments. Users do not need to transfer funds to a dedicated card balance before making a purchase; instead, eligible digital assets in their spot account are converted into the currency required for a transaction when payment is processed.

The company said the card carries no monthly, top-up or foreign-exchange fees, while purchases are subject to a 0.8% spending fee. For overseas use, that structure invites comparison with conventional travel cards, which commonly add currency-conversion markups on foreign purchases. Support for Apple Pay and Google Pay is also intended to provide users with payment options familiar from conventional financial services.

Real-time conversion also carries a tax dimension: in many jurisdictions, including the United States, spending cryptocurrency is treated as a disposal, so each card purchase can be a reportable event with gains or losses measured against the asset's cost basis.

Because the card operates through Visa's merchant network, users can pay at locations beyond businesses that specifically accept cryptocurrency — a setup that could make the product particularly relevant for travelers and consumers who regularly make cross-border purchases. Exchange-branded cards are an established category rather than a novelty: Coinbase, Crypto.com and Binance have each issued Visa-linked cards that convert digital assets at checkout, and Visa reported $2.5 billion in crypto-linked card volume for the quarter ended December 2021, its first disclosure of the metric.

Cashback, spending limits and savings benefits

LBank is also positioning the card as more than a payment mechanism by attaching several rewards and financial features to eligible accounts.

Qualified users can receive cashback of up to 10% on certain transactions, including purchases covered by the platform's dedicated coffee cashback program. Referral programs can provide individual users with commissions of up to 10%, while eligible business partners and agents can receive rates reaching 30%.

Higher-tier users can reportedly access monthly spending limits of as much as 1 million USDT, supporting larger transactions and more frequent spending. Eligible idle USDT can also be allocated automatically to LBank's flexible savings products, with advertised annual percentage rates reaching 10%. Together, these features are intended to combine spending, rewards and selected savings services within the same digital asset ecosystem.

LBank announced the launch in a post on X:

A new chapter for LBank users starts today.

The LBank Physical Card takes your crypto beyond the screen and into everyday life.

Global payments Free to apply Up to 10% cashback 10% APR + up to 300% boosted yield Up to 30% referral commission Supported ATM… pic.twitter.com/L5cej5WPlh

— LBank.com (@LBank_Exchange) August 27, 2026

LBank Pay adds a QR-based payment option

The card launch complements LBank Pay, the exchange's existing QR-based digital asset payment service. The platform supports Bitcoin, USDT, Ether and more than 20 additional digital assets while connecting with more than 10 local payment networks, including PIX, VietQR and DuitNow QR across markets in Southeast Asia and Latin America. Users scan supported merchant QR codes through the LBank application, with digital assets converted in real time and applicable charges shown before a transaction is confirmed.

LBank is therefore pursuing two payment routes: Visa-based card acceptance for international and mainstream transactions, and QR integrations that connect cryptocurrency with established local payment systems.

LBank's Community Angel Officer and Risk Control Adviser Eric He said the broader cryptocurrency market is moving toward applications beyond trading, with payments becoming an important component of that transition. He indicated that the key challenge is making digital assets compatible with the financial systems and payment habits consumers already use.

The category's footprint has shifted with regulation in recent years: Binance withdrew its card from the European Economic Area in 2023, and the EU's Markets in Crypto-Assets framework took full effect at the end of 2024, setting harmonized rules for crypto-asset services across member states. Card availability and terms for programs like LBank's typically depend on licensed issuer partnerships and local requirements in each market.

The company said its longer-term strategy focuses on narrowing the gap between cryptocurrency ownership and everyday financial activity. By combining global card acceptance with local payment-network integrations, LBank aims to make digital assets easier to spend while expanding their practical role in payments, savings and commerce.

Source: CoinTrust