Bybit Incorporates Debit/Credit Cards for Crypto Purchase

Bybit, one of the fastest-growing crypto exchanges in the world has launched credit and debit card payments for buying cryptocurrencies. This new venture will allow users to buy crypto directly with their credit or debit cards using fiat currencies.

CEO and Co-founder of Bybit Ben Zhou remarked:

Bybit users can now easily buy crypto assets such as Bitcoin, collect NFTs on our marketplace, or deploy their capital in other ways to reach their personal financial goals. This integration brings next-level convenience, so users can access world-class liquidity and reliability offered by Bybit.

In detail, Bybit’s new service intends to make buying crypto as simple as purchasing books and clothes online. Also, the process for using a credit card is simple, in a way that users have to just enter their details, agree to a quoted price, and pay via the Mastercard or Visa system. To note, Bybit supports a range of fiat currencies, including the euro, U.S dollar, and pound sterling. The service will be available for any eligible user with a Bybit account.

Additionally, Bybit has dropped fees on credit or debit card purchases to celebrate this new integration. To specify, customers from the European Economic Area and the UK are devoid of this fee until May 17, 2022. However, after this period, customers who purchase crypto on Bybit via the credit/debit card mode will enjoy some of the lowest fees for the service. This fee would start at 1.1% for purchases made from the European Union.

Bybit is a cryptocurrency exchange established in March 2018. The platform offers crypto traders in finding an ultra-fast matching engine, excellent customer service, and multilingual community support. It provides innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace, and API support.