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Bybit Launches 25,000 USDT Promotion to Boost Fiat Deposits and Payments
Cryptocurrency exchange Bybit has launched a promotional campaign with a 25,000 USDT prize pool to encourage use of its fiat currency deposit channels and its Bybit Pay service. The company announced the "Fiat & Pay Summer Splash" event is now live and will run through July 15, 2026.
Campaign Details
According to the announcement, the campaign is structured to reward users for making fiat deposits and transactions through Bybit Pay. Participants can earn lucky draw entries for a chance to win a share of the prize pool, with rewards distributed on a first-come, first-served basis.
To be eligible, users must register for the campaign and have completed at least Level 1 of the platform's identity verification process. The key tasks for earning entries include:
- New Users: Deposit at least 100 USDT through eligible fiat channels (P2P Trading, Fiat Deposit, One-Click Buy) to receive one lucky draw entry.
- All Users: Deposit at least 1,000 USDT to earn additional entries, with a maximum of five available per user from deposits.
- New Bybit Pay Users: Spend a minimum of 25 USDT using the service to gain one entry.
- All Bybit Pay Users: Spend at least 50 USDT to earn more entries, capped at five per user from spending tasks.
AdMarket Context and Restrictions
This type of promotion is a common strategy among cryptocurrency exchanges to stimulate user acquisition and increase activity on specific platform features. By incentivizing fiat on-ramps, Bybit aims to lower the barrier for new capital entering its ecosystem, while promoting its payment card service seeks to increase the platform's utility for everyday transactions.
Bybit stated that participation is subject to geographic restrictions. The promotion is not available to users in the European Economic Area. Additionally, users from several other jurisdictions are ineligible for rewards, including Kenya, Nigeria, South Africa, Indonesia, South Korea, Mexico, the Philippines, and Vietnam, among others listed in the official terms.