Bybit, which claims to be one of the largest crypto exchanges in terms of trading volume, is pleased to announce the Bybit Card is now available in Australia.
Issued by Flywallet and leveraging Mastercard‘s global payments network to process transactions securely, this card debits crypto balances “on Bybit and converts them seamlessly into fiat money used to pay for card transactions.”
As noted in the announcement, Bybit says it is “providing a special $10 USD bonus to all users who successfully complete their application, $10USD for the first deposit of at least $100AUD and $5USD after the first transaction. Users will be required to pass Bybit’s KYC process to be eligible.”
Since its launch in March 2023, the Bybit Card reportedly “has a multi-asset spending feature that automatically converts five supporting cryptocurrencies (including BTC, ETH, and USDT) into fiat currency for card payments and ATM withdrawals.”
With rewards like up to 10% cashback on expenditures and an array of redemption options from trading bonuses to exclusive merchandise, the Bybit Card caters “to a spectrum of user preferences and its VIP tier offers enhanced benefits for elite customers.”
Ben Zhou, co-founder and CEO, said:
“The introduction of the Bybit Card in Australia marks a significant milestone in our journey towards integrating digital currency into everyday life. We are committed to offering our users innovative solutions that combine the flexibility of cryptocurrency with the convenience of traditional finance.”
As mentioned in the announcement, Bybit says it is “one of the world’s top three crypto exchanges by volume with over 20 million users.”
Established in 2018, Bybit explains tha it “offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support.”
Bybit notes that it is “a partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.”