KEY TAKEAWAYS
- Bybit launches a new initiative to enhance global access to digital assets by allowing cryptocurrency purchases with credit cards in over 25 local fiat currencies.
- Users can buy popular cryptocurrencies like USDT, BTC, and ETH with real-time currency conversion and receive cashback rewards up to 10 USDT.
- New users making their first transaction in a newly accepted currency receive an additional 5 USDT bonus, highlighting Bybit’s commitment to expanding cryptocurrency accessibility.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has announced a new initiative to enhance global access to digital assets. The exchange has launched a limited-time event allowing users to purchase cryptocurrencies using credit cards in over 25 local fiat currencies. This move aims to simplify the process of acquiring digital assets for a broader audience.
Users can now buy popular cryptocurrencies such as USDT, BTC, and ETH directly with their credit cards. The process includes real-time currency conversion and offers cashback rewards of up to 10 USDT. Additionally, new users making their first transaction in a newly accepted currency will receive an extra 5 USDT bonus, which can be combined with the cashback offer.
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 initiative underscores Bybit’s commitment to making cryptocurrency more accessible worldwide.
How to Participate in Bybit’s New Initiative
To participate in this event, users need to visit the “One-Click Buy” page on Bybit’s platform. They can then select their desired digital asset and payment currency, and link a Visa or Mastercard. Participants must have completed Level 1 Individual Identity Verification or Business Verification to be eligible.
It is important to note that this offer is not available to customers in the European Economic Area. Full terms and conditions apply, as detailed in the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit has expanded its services by allowing credit card purchases of cryptocurrencies in over 25 local currencies, aiming to broaden access to digital assets globally.
Recent industry reports indicate a growing trend in cryptocurrency ownership, particularly in lower- and middle-income nations. This aligns with Bybit’s initiative to simplify crypto purchases, potentially increasing adoption rates in these regions.
A report by Security.org highlights that younger demographics are driving new payment use cases in cryptocurrency. This supports Bybit’s strategy to attract a broader audience by integrating credit card payments, enhancing convenience for these active users.
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