Bybit launches card in Australia: up to 10% cashback and 5 cryptos including XRP

Rick Steves

Issued by Flywallet and supported by Mastercard’s payment network, Bybit Card allows users to pay for transactions directly from their crypto balances by converting cryptocurrencies into fiat money.

Bybit has just launched the Bybit Card in Australia and, to celebrate the launch, the crypto exchange is offering a special welcome bonus to new users, including a $10 USD bonus upon successful application completion, an additional $10 USD for the first deposit of at least $100 AUD, and $5 USD after the first transaction.

As part of the compliance procedures in place for crypto companies today, applicants must complete Bybit’s KYC process to qualify for these bonuses.

Bybit integrating digital currency into everyday life

Issued by Flywallet and supported by Mastercard’s payment network, Bybit Card allows users to pay for transactions directly from their crypto balances by converting cryptocurrencies into fiat money.

Since its debut in March 2023, the Bybit Card has supported the conversion of five cryptocurrencies, including BTC, ETH, and USDT, into fiat currency for payments and ATM withdrawals.

It offers up to 10% cashback on expenditures and various rewards, ranging from trading bonuses to exclusive merchandise. The card’s VIP tier provides additional 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.”

Bybit Card supports BTC, ETH, USDT, USDC, and XRP

Since its launch in March 2023, the Bybit Card has undergone significant developments. Initially, Bybit introduced a virtual card in the first quarter of 2023, followed by the release of the physical Bybit Card in April 2023. In May 2023, the Bybit Loyalty Rewards Shop was opened, and the Bybit Card VIP Program was rolled out in June 2023.

Bybit also launched the Rewards 2.0 scheme in September 2023 to enhance the benefits available to Bybit Debit Card users. This upgraded rewards program was designed to increase engagement with existing cardholders and attract new users. It includes up to 10% cashback for spending crypto with the Bybit Card, trading boosters (such as trading bonuses, coupons, fee discounts, NFTs, VIP trial cards, and airdrops), digital merchandise (including gift cards from global eCommerce platforms), and physical merchandise (such as exclusive Bybit merchandise and co-branded items).

The Bybit Card supports the instant conversion of major cryptocurrencies like BTC, ETH, USDT, USDC, and XRP to fiat currencies like the Euro and British Pound. An Auto-Savings feature allows card users to earn competitive interest rates with an attractive APY, enabling them to grow their assets in Flexible Savings while maintaining the flexibility to automatically convert and use these assets for spending with the Bybit Card.

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