As a seasoned crypto investor with a few years of experience under my belt, I’m always on the lookout for new ways to make my investments work harder for me. So when I heard about Bybit’s latest cashback offer for users of its Bybit Card, I was intrigued.
As a crypto investor, I’m excited to share that Bybit, a leading cryptocurrency exchange, has recently introduced an enticing cashback offer for its Bybit Card users. Whenever I make a purchase, be it fiat or crypto, I’ll be rewarded with a 2% refund in USDT, which is automatically credited back to my account. This means that I effectively get a 2% discount on every transaction I make using the Bybit Card – a great way to maximize returns on my investments!
Bybit Cashback to Encourage Crypto Transactions
Based on a recent press announcement, Bybit’s cashback offer serves as the exchange’s method to facilitate the use of digital assets in regular transactions. As shared by Joan Han, the Sales and Marketing Director at Bybit,
“Bybit is passionate about advancing the world of cryptocurrencies by collaborating with top-tier initiatives that improve the entire market and bring substantial value to our clients. Our Bybit Card is designed to make dealing with cryptocurrencies more convenient, bridging the gap between traditional banking and the digital economy.”
As a researcher, I’d describe it as follows: In the announcement, it mentions that users have the option to activate an Auto Cashback feature, which converts all accrued cashback points into USDT automatically. This feature lets cardholders effortlessly earn rewards without any additional submissions or application processes. ByBit distributes cashback points within a short timeframe following each transaction. Users can easily check their earned cashback balances in the “Earned” section of Bybit’s Reward Market.
Last March, Bybit introduced the Bybit Card as a virtual option in certain European countries. In April, they followed up with a physical plastic card, both allowing transactions in Bitcoin (BTC), Ether (ETH), XRP, USD Coin (USDC), and USDT. As per ByBit’s website, eligible residents include those from Australia and the European Economic Area (EEA), excluding Romania, Liechtenstein, Ireland, Iceland, and Croatia. The cost for the physical card is set at 5 EUR/GBP/USDT, while using the virtual card comes without any fees.
Bybit is among the cryptocurrency firms that introduced debit crypto cards. Back in October 2018, Crypto.com started dispatching Visa cards to their clients based in the Asia-Pacific region. Based on information from Crypto.com’s website, these cards are accessible in Canada, Brazil, Australia, and several European countries at present. Blockchain.com, a cryptocurrency exchange, unveiled a Visa card partnership in 2022 as well. Similar to Coinbase’s crypto cards, those issued by Blockchain.com are exclusively for US customers at this time.
Bybit Payments and Investment Tools
Last month, Bybit announced it has integrated Google Pay, to support simple crypto purchases across 35 currencies. Before now, users buying digital assets on Bybit required third-party payment processors, bank transfers, or other time-consuming processes. With the Google Pay integration, users can buy crypto in one click using payment information available in Google wallets. The exchange guarantees that the integration is secure and takes advantage of Google’s verification and protection protocols.
Based on information from CoinMarketCap, Bybit ranks as the third-largest cryptocurrency exchange globally, handling over $4.2 billion in trades within the past 24 hours. In an attempt to boost crypto adoption, Bybit has introduced a complimentary Crypto Investment Analysis Toolkit. The goal is to equip investors with comprehensive resources for evaluating crypto projects more effectively. The toolkit goes beyond price analysis and considers data points, economic factors, and insights from in-house experts.
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2024-05-16 18:24