- Bybit has announced the addition of 15 new digital assets on its Convert feature, enhancing support to over 280 cryptocurrencies for seamless, fee-free conversions.
- Bybit Convert allows for effortless conversions with zero fees or slippage, improving user experience.
- The exchange’s exit from the French market underscores its adherence to regulatory requirements while continuing innovative features like One-Click Buy with zero transaction fees.
Bybit expands its cryptocurrency offerings with 15 new digital assets, reinforcing commitment to seamless and fee-free conversions.
Comprehensive Update: Bybit Adds 15 New Digital Assets
On August 1, Bybit, a leading cryptocurrency exchange, revealed the inclusion of 15 new digital assets on its Convert feature. By August 02, 2024, users will have access to cryptocurrencies such as WELL, AVAIL, PIXFI, TAI, PIRATE, ROOT, ZKF, among others. This recent update boosts Bybit Convert’s support to over 280 cryptocurrencies, facilitating fee-free asset conversions.
Utilizing Bybit Convert for Seamless Asset Conversion
Bybit Convert is a user-friendly tool enabling traders to convert their crypto assets without any associated fees or slippage. To utilize this feature, users must transfer their funds to eligible accounts such as Spot, Funding, Derivatives, Inverse Derivatives, or Unified Trading Accounts. It’s important to note that bonus balances remain unchanged post-conversion requests.
To initiate a conversion, users can navigate by selecting “Trade” and then “Convert” from the navigation bar, or by accessing the Convert option from various account pages like Funding, Unified Trading, or Derivative Accounts. Additionally, the conversion process is contingent on real-time and quoted rates, ensuring accuracy with rate differences capped at 0.5%.
Innovation Amid Regulatory Challenges
Despite exiting the French market due to new regulatory requirements, Bybit continues to innovate. They now support over 20 digital assets for zero-fee cryptocurrency purchases using Apple Pay. This feature is available for users until August 30, 2024, 10 AM UTC.
To benefit from the One-Click Buy feature, users should navigate to its dedicated page, select their preferred cryptocurrency and payment currency, and then choose Apple Pay as their payment method. This straightforward process ensures transactions are completed without incurring any fees.
Conclusion
Bybit’s strategic expansions, including the addition of 15 new digital assets to its Convert feature, underscore its commitment to providing a comprehensive, user-centric trading experience. By upholding regulatory standards and introducing innovative features like One-Click Buy with zero fees, Bybit solidifies its position as a leading cryptocurrency exchange, offering tangible value to its global clientele.
