Bybit Launches Bybit Card in Australia

Leading cryptocurrency exchange Bybit has expanded its presence in the world of digital banking by formally launching the Bybit Card in Australia, months after launching Crypto Card down under. By utilizing the strong infrastructure of Mastercard’s international payments network in conjunction with Flywallet, the Bybit Card facilitates smooth transactions by changing cryptocurrency balances into fiat money at the point of sale.

In honor of the launch, Bybit is rewarding new customers who successfully complete the card application procedure with a special welcome bonus. After completing the application, users will receive a $10 USD bonus; after depositing at least $100 AUD for the first time, they will earn an additional $10 USD bonus; and after their first transaction, they will receive $5 USD bonus. It is necessary to complete Bybit’s Know Your Customer (KYC) verification process in order to be eligible for these benefits.

Multi-Asset Spending and Rewards

Since its inception in March 2023, the Bybit Card has empowered users with a multi-asset spending feature, facilitating seamless conversions of five supported cryptocurrencies—including BTC, ETH, and USDT—into fiat currency for transactions and ATM withdrawals. Beyond its core functionality, the Bybit Card offers enticing rewards, including up to 10% cashback on expenditures and a diverse array of redemption options ranging from trading bonuses to exclusive merchandise. Furthermore, the Bybit Card’s VIP tier extends enhanced benefits tailored to elite users, ensuring a personalized and rewarding experience.

Ben Zhou, co-founder and CEO of Bybit, expressed enthusiasm regarding the Bybit Card’s entry into the Australian market, emphasizing its pivotal role in bridging the gap between digital currencies and conventional financial systems. “The introduction of the Bybit Card in Australia marks a significant milestone in our journey towards integrating digital currency into everyday life,” stated Zhou. “We are committed to offering our users innovative solutions that combine the flexibility of cryptocurrency with the convenience of traditional finance.”

Bybit is committed to fostering innovation in the field of digital banking, as seen by its entry into the Australian market with the introduction of the Bybit Card. Bybit is revolutionizing the financial services industry by focusing on user-centric solutions and integrating cryptocurrencies into everyday transactions in a frictionless manner, all while meeting the changing demands of customers worldwide.