The cryptocurrency exchange, Bybit has come up with a rewards program to invite holders of other crypto cards. The platform looks to onboard other crypto card holders through its program.
Quick Take:
- Bybit introduces a new rewards program for users that switch to Bybit Card.
- Users can get up to €25 by completing different stages and they can also enjoy several benefits over successful referrals.
- Bybit Card comes with a range of features, allowing users to spend their funds seamlessly.
As per initial details, the reward program will offer card bonuses of up to €25 to the first 10,000 users that switch to Bybit Card. This move will encourage other crypto card holders to explore the Bybit Card and opt for it to get the incentives.
Users can apply for the Bybit Card through the landing page of the platform. They will receive €10 after completing the application. Moreover, they will get an additional €5 after their first successful transaction.
In addition, users will get another €10 after depositing a minimum of €100 for the first time on the Bybit Exchange. The platform is offering a referral program, as they will get a 20 USDT airdrop for every referral’s first transaction. Referees will also get 10 USDT as a reward after their first transaction.
Bybit Tries to Gain the Attention of Crypto Users
Bybit users can unlock VIP tier benefits after referring new users. The VIP1 card benefits will be unlocked after five referrals. Moreover, VIP2 and VIP3 car benefits will be unlocked after 20 and 50 referrals, respectively.
Further details show that VIP1 users receive a 5x multiplier on rewards points. VIP2 receive 10x and VIP3 users get a 30X multiplier on these points. The maximum point is reached by VIP Supreme level users who get a 50x multiplier and 300,000 monthly rewards points cap.
Bybit is aiming to attract more users by offering them a range of incentives and exclusive features. Thus, the platform allows VIP users to access the Trading Pack and Social Media Pack. Both of these packs offer rebates on subscriptions to professional trading tools and social media memberships.
In addition, users can spend their funds directly through their Bybit card. It can be used at any location that accepts Mastercard Debit. The card supports payments in BTC, ETH, XRP, USDT, and USDC. There is no annual, inactivity, or card cancellation fee for the card.
Key Features of the Bybit Card
Users can withdraw up to €2000 daily and spend a maximum of up to €5000 through the Card in a day. Through its Auto-Savings Function, users can earn an interest of up to 8% APY on the funds. They can unstake their funds at any given time and spend them right away.
Bybit Card offers exceptionally low fees. It has a crypto conversion fee of 0.9% and foreign exchange fees of only 0.5%. Card holders enjoy other perks like bonuses, coupons, fee discounts, NFTs, and gift cards for brands like Amazon, Spotify, and Ikea.
The Bybit Exchange has recently announced a unique celebration for its fifth anniversary by launching a 1 million USDT trading competition. The #High5Bybit Personality Test is designed for users to participate in a team competition to celebrate the tactics within the crypto arena.
