Bybit Expands Crypto Accessibility With 25 Local Fiat Currencies

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced a new feature allowing users to purchase cryptocurrencies using over 25 local fiat currencies with their credit cards. This initiative aims to make digital assets more accessible to a broader global audience. Users can now buy USDT, BTC, ETH, and other cryptocurrencies directly with their credit cards, benefiting from real-time currency conversion and cashback of up to 10 USDT. Additionally, new users making their first transaction in a newly accepted currency will receive an additional 5 USDT bonus, which can be combined with the cashback reward.

The supported local currencies include PKR, ETB, ARS, LKR, RWF, AOA, KGS, MAD, AMD, TJS, ZMW, TZS, MZN, TMT, JOD, MWK, PYG, BTN, BHD, MVR, HNL, MGA, GTQ, CRC, and UYU. This move underscores Bybit’s commitment to making crypto accessible everywhere, enabling more people to join the Web3 space with ease and confidence. To participate, users need to visit the “One-Click Buy” page on Bybit’s platform, select their desired digital asset and payment currency, and link a Visa or Mastercard. Eligible participants must have completed Level 1 Individual Identity Verification or Business Verification. However, this offer is not available to customers in the European Economic Area, and full terms and conditions apply.

Bybit’s latest initiative is part of its broader strategy to redefine openness in the decentralized world. Founded in 2018, Bybit serves a global community of over 70 million users and is known for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools. The exchange partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Bybit’s focus on Web3 aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi), empowering builders, creators, and enthusiasts to unlock the full potential of Web3.

This expansion of Bybit’s services reflects a growing trend in the cryptocurrency industry towards greater accessibility and user-friendly features. By allowing users to purchase cryptocurrencies with local fiat currencies and offering cashback rewards, Bybit is making it easier for individuals around the world to enter the crypto market. This move is likely to attract new users who may have been hesitant to engage with cryptocurrencies due to the complexity of the process. Bybit’s commitment to providing a seamless and secure experience for its users is evident in this latest initiative, which is set to further solidify its position as a leading player in the global cryptocurrency exchange market.