TLDR:

Binance launches Mastercard-powered crypto card in Brazil, allowing instant spending at millions of merchants worldwide.
Supported assets include Bitcoin, Ethereum, BNB, USDT, and more, with real-time crypto-to-fiat conversion at checkout.
Users earn up to 2% cashback capped at 120 BRL monthly, with both virtual and physical cards available.
Service limited to verified Binance Brazil users, requiring KYC completion before application approval.

Crypto is stepping into everyday life in Brazil. Millions of users now have a direct way to pay with their digital assets. Binance, in partnership with Mastercard, has rolled out a new card for the country. 

The launch signals a wider integration of crypto into local payments. It also places Brazil at the center of Binance’s Latin America strategy.

Binance Mastercard Brings Crypto to Daily Payments in Brazil

Binance confirmed the launch of the Binance Card in Brazil through an official announcement dated October 1, 2025. The exchange said the partnership with Mastercard would allow users to convert and spend digital currencies in real time.

CEO Richard Teng also highlighted the rollout in a social post, stressing that Brazil’s large crypto community now has direct spending access. He pointed out that the card extends the earlier integration of Binance Pay with the Pix system. That system already connects 154 million Brazilians to digital payments in their national currency.

The Binance Card functions with Mastercard’s global merchant network. Users can pay online and in stores where Mastercard is accepted. The card automatically converts crypto to fiat at the point of transaction, making the process seamless.

Supported assets include Bitcoin, Ethereum, BNB, USDT, and several others. Binance confirmed that users can fund purchases directly from their funding or spot accounts.

Cashback Rewards and Ordering Details for Binance Cardholders

According to Binance, the card includes a cashback program capped at 120 BRL per month. Users receive up to 2 percent cashback on eligible transactions. This reward system is available across local and global merchants accepting Mastercard.

To apply, users must log into their Binance accounts and complete the card application from the dashboard. Once approved, they receive immediate access to a virtual card. A physical card is delivered to their registered address within two weeks.

Binance clarified that the service is available only to verified account holders residing in Brazil. Identity checks are required before ordering. The company emphasized that sufficient funds must be held in the account for transactions to process.

The introduction of the card is framed by Binance as a bridge between crypto and traditional finance. In its release, the exchange said the goal is to give everyday usability to crypto holdings while preserving flexibility for the user.

The post Binance Mastercard Goes Live in Brazil With Access to Spend BTC, ETH, and More appeared first on Blockonomi.

---

Filed under: Bitcoin - @ October 2, 2025 8:27 am