Bybit Launches Promotional Campaign With 25,000 USDT Prize Pool to Boost Fiat Deposits

Bybit, a major global cryptocurrency exchange, has announced a new promotional campaign aimed at increasing user engagement with its fiat currency and payment services. The "Fiat & Pay Summer Splash" event features a 25,000 USDT prize pool and runs from now through July 15, 2026.

Campaign Details

According to the company's announcement, the campaign is designed to reward users who complete qualifying fiat deposits and transactions using Bybit Pay. The rewards, drawn from the 25,000 USDT pool, will be distributed on a first-come, first-served basis.

The promotional period is scheduled to end on July 15, 2026, at 10 a.m. UTC. To be eligible, users must register for the campaign and have completed at least Level 1 of the exchange's Identity Verification process. New users are required to create their Bybit account during the event period.

How to Participate

Participants can earn entries into a lucky draw by completing specific tasks related to deposits and spending. The exchange outlined the following methods for earning entries:

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• Fiat Deposits: New users who deposit a minimum of 100 USDT through eligible fiat channels will receive one lucky draw entry. All users can earn additional entries, up to a maximum of five, by depositing at least 1,000 USDT.
• Bybit Pay Transactions: New users who spend at least 25 USDT with Bybit Pay get one lucky draw entry. All users can earn up to five additional entries by spending at least 50 USDT.

Eligible deposit methods for the campaign include P2P Trading, Fiat Deposit, and One-Click Buy. Bybit stated that rewards will be distributed to participants' Rewards Hub within 14 working days after the campaign concludes.

Market Context and Exclusions

This campaign is a strategic effort by Bybit to bolster activity on its fiat on-ramps and payment platform, a common tactic among exchanges competing for user acquisition and platform loyalty. By incentivizing direct fiat deposits and the use of its branded payment card, the exchange aims to deepen user integration within its ecosystem.

However, the promotion is subject to significant geographic restrictions. According to the terms, users residing in the European Economic Area are not eligible. The campaign also excludes participants from several other jurisdictions, including Kenya, Nigeria, South Africa, Indonesia, South Korea, Mexico, the Philippines, Thailand, and Vietnam, among others.