Bybit Expands Fiat Currency Support for Crypto Purchases

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event that allows users to purchase cryptocurrencies using over 25 local fiat currencies. This initiative aims to provide seamless access to digital assets for a broader global audience, making it easier for more people to join the Web3 space with ease and confidence.

Users can now buy USDT, BTC, ETH, and other cryptocurrencies directly with their credit cards through Bybit’s platform. The process is straightforward: users visit the “One-Click Buy” page, select their desired digital asset and payment currency, and link a Visa or Mastercard. This feature includes real-time currency conversion and offers 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 stacked 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 expansion of supported currencies underscores Bybit’s commitment to making cryptocurrency accessible to a wider audience, particularly in regions where access to digital assets has traditionally been limited.

Bybit’s initiative to allow credit card purchases in multiple currencies is a strategic move to attract new users and enhance the user experience. By simplifying the process of converting local currencies into cryptocurrencies, Bybit is removing a significant barrier to entry for many potential users. This move is likely to increase the adoption of cryptocurrencies in regions where traditional banking systems may be less developed or where access to cryptocurrency exchanges is limited.

To participate in this offer, users must have completed Level 1 Individual Identity Verification or Business Verification. It is important to note that this offer is not available to customers in the European Economic Area, and full terms and conditions apply. This limitation may be due to regulatory constraints or compliance requirements specific to the region.

Bybit’s expansion into credit card purchases in multiple currencies is part of a broader strategy to redefine openness in the decentralized world. The exchange aims to create a simpler, open, and equal ecosystem for everyone, with a strong focus on Web3. Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. The exchange is renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, which bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi).

Bybit’s goal is to empower builders, creators, and enthusiasts to unlock the full potential of Web3. This initiative is a significant step towards achieving that goal, as it makes cryptocurrency more accessible to a global audience. Bybit’s commitment to innovation and user experience is evident in this latest offering, which is likely to attract new users and enhance the overall user experience on the platform.