Bybit Announces 25,000 USDT Prize Pool to Boost Fiat Deposits and Payments

Cryptocurrency exchange Bybit has announced a new promotional campaign, offering participants a share of a 25,000 USDT prize pool. The initiative is designed to encourage users to make fiat currency deposits and utilize the platform's integrated payment service, Bybit Pay.

Campaign Mechanics

According to the company's statement, the event is scheduled to run from July 2, 2026, through July 15, 2026, at 10 a.m. UTC. To participate, users must register for the campaign and complete at least Level 1 of the platform's identity verification process. Rewards are described as being limited and distributed on a first-come, first-served basis.

Participants can earn entries into a prize draw by completing specific tasks:

• Fiat Deposits: New users receive one entry for depositing a minimum of 100 USDT. All users can earn additional entries, up to five, for deposits of at least 1,000 USDT.
• Bybit Pay Transactions: New users get one entry for spending at least 25 USDT. Additional entries, up to five, are available for all users who spend at least 50 USDT.

Ad

Eligible deposit methods for the promotion include Peer-to-Peer (P2P) Trading, direct Fiat Deposit, and the One-Click Buy feature.

Eligibility and Distribution

The promotion is not available to users in all regions. Bybit specified that residents of the European Economic Area are excluded. Additionally, users from several other jurisdictions, including Kenya, Nigeria, South Africa, Indonesia, South Korea, Mexico, the Philippines, and Vietnam, are not eligible to receive rewards from this campaign.

Bybit stated that any earned rewards will be distributed to participants' Rewards Hub within 14 working days after the event concludes. Users will be required to manually claim their rewards from the hub. The company identified itself in the announcement as the world's second-largest cryptocurrency exchange by trading volume.