The virtual currency exchange Bybit uses credit cards as one of the purchasing and deposit methods, which I will explain in this article. It is a very convenient payment method because it is reflected instantly, but in reality, not all credit cards can be used for everything. Please check your credit card carefully.
- Payment method
- Compatible credit cards
- Fiat currencies that accept credit card deposits
- Virtual currency that can be purchased with a credit card
- Credit card companies that prohibit cryptocurrency transactions
- Credit card deposit fee
- Error when paying by credit card
- Registered address is different
- Usage limit
- Insufficient balance
Payment method
Please refer to the article below for information on how to deposit money with Bybit. Bybit has very strong security among overseas virtual currency exchanges, as it requires identity verification. ByBit supports deposits in legal currencies (dollars, Japanese yen, etc.) as well as virtual currencies. You can also choose the amount, which is very convenient.
Also compatible with Bitcoin etc.
Bybit supports major coins such as Bitcoin and Ethereum. The service is quite complete compared to binance etc. With a wide variety of payment methods, the service is friendly even to novice users. Also, when making deposits and withdrawals, please complete document screening and KYC authentication. This is because the limit changes. It can be operated not only from a PC but also from a smartphone app. If using a credit card, be careful about the limit.
In some cases, it may take some time to be reflected.
When processing a deposit, it may not be reflected suddenly. In particular, virtual currency remittances can take several hours depending on network transaction congestion. You can check the transaction status and cause of the issue on the official website. If a problem occurs, please take pictures and contact support. They will tell you the procedure and how to deal with it.
There are many trading methods
Bybit has many trading methods, including staking, spot trading, and futures trading (leverage trading). Spreads are narrow and you can trade now. There are also special benefits and bonuses, so it is highly recommended.
Compatible credit cards
Bybit accepts credit-card deposits, but not all credit cards are accepted. Supported cards are limited. Therefore, you cannot deposit with a card that is not supported. Some credit card companies have stopped accepting cryptocurrency purchase transactions.
Only Visa and Mastercard are supported brands. Please note that JCB, American Express and even Diners cannot be used. Also, basically only Visa and Mastercard are supported, but there are still some cards that can not be used. This is because the company that issued the credit card may prohibit virtual currency transactions.
Fiat currencies that accept credit card deposits
There are 172 types of legal currencies that are supported by credit cards. The details are listed below. I hope you find this information useful as a reference. Compared to other companies, we have many different currencies, which is an advantage.
AUD / BGN / BRL / CAD / CHF / COP / CZK / DKK / DOP / EGP / EUR / GBP / HKD / HRK / IDR / ILS / INR / JOD / JPY / KES / KRW / KWD / LKR / MAD / MXN / MYR / NGN / NOK / NZD / OMR / PEN / PHP / PKR / PLN / RON / RUB / SEK / SGD / THB / TRY / TWD / UAH / USD / VND / ZAR
Virtual currency that can be purchased with a credit card
There are 20 types of virtual currency that can be officially purchased with a credit card. Please note that you cannot purchase or order other virtual currencies. If you want to purchase another currency, you will need to purchase it with a credit card and then exchange it once at the exchange. You can also purchase from your smartphone.
BTC/ETH/USDT/USDC/XRP/EOS/ADASOL/DOGE/DOT/DAI/TRX/AVAX/MATIC/LINK/ATOM/ETC/BIT/LUNA/USTC
Credit card companies that prohibit cryptocurrency transactions
In recent years, these virtual currencies have a background of frequent fraud cases worldwide. Perhaps because of this, some credit card companies have banned cryptocurrency transactions. It is likely that more and more companies will continue to ban cryptocurrency trading. Please note that the card you are using may also become unusable.
Credit card deposit fee
Please note that Bybit charges a direct fee when depositing with a valid credit card. A transaction fee of 3.05% for Visa card deposits and 2.7% for Mastercard deposits will be charged per transaction.
Error when paying by credit card
I made a payment with a credit card, but for some reason I get an error. This may not be a Bybit issue, but rather a denial by your card company. First, you need to contact your credit card company and have it unblocked.
Registered address is different
If the address you entered when registering Bybit and the address registered with your credit card company are different, you may not be able to make a deposit. If you have any idea about changing your address, first log in to Bybit and change your address.
Usage limit
You will also not be able to deposit money if your credit card usage limit is exceeded. If you are using a credit card and are unsure about it, please check the balance with each credit card company. This is likely to be the case if the purchase amount is too large. This is often the case when your purchase is rejected even though you have followed the correct steps.
Insufficient balance
If you normally use a debit card for credit card deposits, you may have insufficient funds. Debit cards that are debited from registered accounts will be rejected if the deposit amount exceeds the balance. Please check your balance before using it. If you are still refused, please ask the management.
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