There are a total of five ways you can buy USDC on Bybit: via Bybit P2P, Bybit One-Click Buy, Auto-Invest, Bybit Card and Bybit Convert. Learn more here.

 that maintains a 1:1 value with the US dollar through full reserves held in regulated financial institutions. This stability makes USDC an attractive option for traders looking to participate in the crypto market with reduced price volatility.

In this guide, we’ll explore the multiple ways to buy USDC on Bybit, detailing five distinct purchasing methods tailored to different preferences. You'll also discover practical applications for your USDC holdings, from trading opportunities to payment solutions and investment strategies.

Whether you prefer trading directly with other users or making quick purchases with a credit card, there's an option for you. Let's examine each method in detail.

 allows individuals and businesses to buy and sell USDC via peer-to-peer mode without intermediaries. You simply transact with another trader to purchase or sell your crypto with zero fees.

There are two main parties on the P2P platform — makers and takers. Makers place ads for buying or selling cryptocurrency, while takers are the users who place orders through the existing ads created by makers. Neither makers nor takers pay any fees on completed orders.

If you decide to go the P2P route to buy your USDC, you can either place a buy ad as a maker, or select an existing offer as a taker. Placing ads is completely free, although specific trading activity requirements exist. If you're a beginning trader on the platform, and want the easiest way to purchase USDC, selecting an offer from an existing ad as a taker is probably the preferred route.

If you need to trade USDC in large volumes (typically tens or hundreds of thousands of USDC per transaction), you may also choose to consider 

, which offers high order limits — up to $200,000 per order — as well as expedited transaction processing.

 feature to complete your USDC order efficiently. HotSwap combines offers from P2P traders with liquidity options from third parties, potentially delivering more choices and options.

Steps for buying USDC via the standard P2P option

2. How to buy USDC via Bybit One-Click Buy

The One-Click Buy service lets you quickly purchase crypto using several supported payment modes: P2P, bank card payments, third-party payments and your account's fiat balance. You can use a credit or debit card (including the Mastercard-powered 

), bank transfers, Apple Pay, Google Pay and other payment methods.

 is another way to purchase USDC on Bybit. The Auto-Invest option allows you to automatically buy crypto at regular intervals using the popular 

Bybit Card is a Mastercard crypto debit card that allows you to make online payments. The card is available to users in specific regions — EEA and CH, AIFC, Australia, Brazil and Argentina — with more locations to be added in the future. It's accepted by more than 90 million merchants within the Mastercard network. Upon successfully applying for your Bybit Card, you may proceed to 

 while you order and wait for your physical card to arrive. 

It's easy to buy USDC using the Bybit Card, as you enjoy reward features like loyalty points and cashback for USDC transactions. The steps for buying USDC using the Bybit Card are nearly the same as shown above in the One-Click Buy section, the only difference being that you'll need to specify your Bybit Card as the preferred payment method.

 lets you easily swap crypto assets without directly trading through the P2P route or other channels. Using Bybit's order books, the platform matches your order with current suitable orders and executes the requested swap. By leveraging Bybit's vast trading volumes and activity, Bybit Convert enables swift and efficient swaps.

If you have non-USDC crypto funds in your account, you can take advantage of the 

 function to buy the stablecoin as follows:

Steps to for buying USDC via Bybit Convert

USDC is more than just a stablecoin for trading; it offers various applications within and beyond the Bybit ecosystem.

USDC serves as a reliable base currency for trading various cryptocurrencies on Bybit.

Trading with USDC helps mitigate volatility risks between trades, as its value remains stable at approximately $1, allowing traders to preserve capital during market downturns.

USDC has emerged as a popular payment method due to its stability and wide acceptance.

Platforms on which users can make USDC payments include Travala for travel bookings, Newegg for electronics, and various crypto-friendly merchants via payment processors, such as BitPay and Coinbase Commerce.

USDC offers various investment opportunities on Bybit and beyond.

The benefit of investing with USDC is that your principal amount remains stable while generating returns, which is particularly attractive in volatile market conditions.

USDC combines dollar stability with digital efficiency on the Bybit platform. This guide has detailed five ways to purchase USDC, and explored its versatile applications for trading, payments and investing. Armed with this knowledge, you can confidently navigate Bybit's ecosystem and make the most of what USDC has to offer.

Beginner

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A complete guide on how to buy USDC on Bybit

Apr 21, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — Trump wants to fire Powell? 

US president Donald Trump is actively considering firing Federal Reserve Chairman Jerome Powell, following Trump's public criticism of Powell for not moving quickly enough to reduce interest rates. National Economic Council Director Kevin Hassett confirmed that the administration is examining this option, suggesting that Powell's actions have politically favored Democrats. Hassett argued that the Federal Reserve's decision to raise interest rates shortly after Trump took office was intended to undermine the economic impact of the tax cuts implemented during his administration, which were deemed inflationary. He further criticized the Fed for not addressing inflation concerns stemming from federal spending under President Biden, implying a lack of accountability.

During a recent press conference, Trump conveyed his dissatisfaction with Powell, asserting that if he wanted to remove him, it could happen "real fast." While he did not explicitly state his intention to dismiss Powell, his remarks highlighted the growing tensions between the White House and the Federal Reserve regarding monetary policy. Hassett defended Trump's frustrations, advocating for a focus on economic policy rather than interpersonal conflicts. This situation underscores the complex dynamics between the executive branch and the central bank, as Trump navigates economic challenges leading up to the next election.

Weekly crypto highlight — XRP ETF coming

HashKey Capital has officially launched the HashKey XRP Tracker Fund, marking the first investment fund in Asia designed specifically to track the performance of XRP, the digital asset integral to Ripple's global payment ecosystem. This fund is aimed at professional investors and offers a unique opportunity to gain exposure to XRP without the complexities of direct asset management. Investors can subscribe through cash and in-kind options, with the fund providing monthly liquidity.

Ripple, as an early backer of the fund, is looking to enhance its strategic partnership with HashKey Capital, which already manages Hong Kong–listed spot ETFs for Bitcoin and Ethereum. This collaboration not only solidifies Ripple's presence in the Asian market, but also opens avenues for future financial products, such as the potential tokenization of a money market fund on the XRP Ledger. Fiona Murray, Ripple's Managing Director for the Asia-Pacific region, highlighted that this partnership is part of a broader strategy to introduce more regulated cryptocurrency products for institutional investors in the region, aiming to foster a more robust crypto landscape in Asia.

Advanced

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Weekly Institutional Insights: Trump’s desire to fire Powell might induce volatility; XRP ETF coming

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards.

Daily top performer — Pyth Network (PYTH)

The S&P 500 dropped 1.5% to 5,282.70 this week, down 5.9% in April and 10% year-to-date, led by tech losses. Real estate and energy outperformed, while political pressure on Fed Chair Powell and inflation concerns weighed on sentiment. Gold dipped 0.6% to $3,319 after a record high, as Powell’s stagflation warning tempered its rally. Despite the pullback, the uptrend remains intact. The Coindesk Indices, which tracks the broader crypto market, are up by 0.77%, with Bitcoin and Ether rising 0.64% and 0.72%, respectively, over the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is PYTH, up 10.1%, following the launch of Pyth Entropy for secure on-chain random number generation by Soneium.

Pyth Network (PYTH),  is a blockchain oracle system that delivers real-time crypto price data to blockchains, enabling smart contracts to react to market changes. Soneium 

 Pyth Entropy, a tool for securely generating random numbers on-chain. Two apps, HandsNFT AI and 2p2e, are already utilizing Pyth Entropy to create unpredictable and engaging experiences.

Check out the latest prices, charts, and data of 

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards. This approval follows recent changes to local laws, with China Asset Management (ChinaAMC) partnering with OSL Digital Securities to launch the ETF by May 15. The ETF will offer exposure to Ethereum staking, transforming it from a passive investment into an active participant in the Ethereum network. The staking process is powered by Kiln, with OSL providing custody and insurance services. The rewards will contribute to the ETF's net asset value, benefiting shareholders.

Yesterday, Bitcoin spot ETFs saw $25.9M in inflows, all from non-GBTC funds, while GBTC recorded no flow.

" and a points campaign called Drops, where users can earn points—potentially leading to an airdrop—by engaging with Linera content on X. To join, sign up on 

, complete tasks like joining Discord and interacting on X, then enter the campaign. Keep engaging to earn more points, but avoid spamming.

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Hong Kong approves Ethereum ETF with staking rewards, boosting institutional participation

Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

US president Donald Trump’s tariff policies are influencing both crypto and US equities. Last week, BTC and the S&P 500 rallied due to a 90-day pause in reciprocal tariffs (excluding China). Equities are slightly below their April 9 highs, while BTC is holding above $83K. Its implied volatility term structure has normalized, and the volatility skew has improved from last week’s bias toward out-of-the-money puts, though it hasn't fully shifted toward calls.

Please check out the report’s highlights.

Tariff pause briefly brings back trading volume

Since our last report, open interest surged on Apr 9, 2025, as crypto spot prices rose after President Trump’s temporary tariff pause, accompanied by a nearly $10B increase in trade volumes. However, trade volumes have since returned to mid-March levels, and open interest has declined from the April 9 highs. The initial price spike indicates the tariff pause surprised the markets, but the subsequent pullback reflects concerns over remaining tariffs.

After being inverted for much of April due to trade policy shocks and macro headwinds, BTC’s term structure has disinverted, with front-end volatility dropping significantly this week. Call and put volumes have been balanced, with calls slightly exceeding puts most days. Apr 9, 2025, reflected mixed market sentiment, as both call and put volumes rose, but puts were higher overall. Open interest remains greater in calls, and has increased slightly since last week, reaching its highest level for the month (more than double from the beginning of April).

Despite a rally on Apr 9, 2025 that brought ETH close to $1.7K, traders sought downside protection, leading to higher volumes in put contracts as compared to calls. Since then, ETHUSDT options volumes have declined, but open interest remains strongly weighted toward calls with later expirations, which have increased since last week. After being inverted for much of April, ETH’s term structure of volatility has flattened, with volatility compressing around the 70% mark across tenors.

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Bybit X Block Scholes crypto derivatives analytics report (Apr 16, 2025): Bitcoin put bias has moderated, but not yet shifted to calls

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Blockchain

Explainers

Altcoins

Subsquid Network (SQD) is a decentralized protocol that facilitates the access and retrieval of blockchain data held on Layer 1 and Layer 2 platforms.

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 (GRT) has been the go-to tool for blockchain analysts and developers to access, index and query historical data on 

 (EVM)-compatible chains. It's even been dubbed "the Google of blockchains" to signify its prominent role in on-chain data analytics. However, The Graph has relatively limited coverage outside of EVM-compatible chains. Additionally, most of its key architectural elements, such as the query engine and database, are kept under the same monolithic module, limiting the protocol's applicability to some specific use cases.

Subsquid Network is an emerging alternative to The Graph. It uses a much more flexible modular approach that lets you index on-chain data across various blockchain networks. Subsquid also boasts innovative features like a decentralized data lake, a cloud-based data querying solution and a Typescript-based query development framework — Squid SDK. 

(SQD) is a decentralized data query engine designed to let users efficiently access, retrieve and analyze on-chain data from over 100 

It allows developers, analysts and other interested users to index data from blockchains within the two largest ecosystems in the industry — EVM-compatible networks and 

 ecosystem chains. The former includes blockchains that use processing engines interoperable with Ethereum, while the latter is made up of platforms compatible with 

Subsquid currently runs as a permissionless network in testnet mode on 

 (ARB). In addition, it has a private (though openly accessible) version that acts as a stand-in for the permissionless network, which is still maturing and being prepared for the future mainnet launch. Although this stand-in Subsquid version is run on a private cluster, it operates in an open, free-to-access mode.

Typical blockchain data accessible via Subsquid Network includes raw event logs, transaction data, execution traces for some networks and so-called state diffs — changes or updates to the blockchain's data after a new transaction is processed.

Subsquid Network uses a decentralized approach to data querying, storage and provision. All of the platform's modules — including the critical data querying and storage modules — are decentralized and use special worker nodes, who provide their computers' resources to help process and store data in exchange for rewards in the platform's native crypto token, SQD.

Subsquid has several main actors that power the platform's functionality, including Data Providers, Worker Nodes, Log Collectors, Schedulers, Reward Managers and Data Consumers.

Data providers are the actual Layer 1 and Layer 2 chains from which Subsquid sources 

 data. Currently, the project's focus is with on-chain sources only. However, access to off-chain sources may also be integrated in the future, which could lead to a host of new solutions using on-chain data enriched with additional off-chain sources. 

As of mid-May 2024, Subsquid claims the ability to access and query data on over 100 blockchain platforms. Besides the currently supported EVM and Substrate ecosystems, the project aims to integrate 

Workers are peer-to-peer nodes that provide computing and storage resources to power Subsquid’s querying and distributed storage capabilities. Any individual or organization willing to provide their resources in exchange for SQD rewards can apply to join the network as a worker node by staking 100,000 SQD tokens.

These nodes collect data processing logs from worker nodes and store them in a distributed way on the IPFS. The logs are stored for six months, and can be used by other network participants in case they need access to specific historical data that’s been previously processed by workers.

This network actor is critical to the overall data processing on Subsquid’s platform. The scheduler distributes data sourced from blockchains among worker nodes to ensure the most efficient processing and capacity allocation. The scheduler listens to real-time updates from data providers and worker nodes to determine the optimal scheduling of data allocation.

The reward manager calculates the crypto rewards to which each worker node is entitled. Calculation criteria include several variables, the most notable of which are the worker node's overall data processing activity and the amount of SQD 

These are the entities who would like to access Subsquid's data querying services. Each data consumer connects to the platform via a special gateway tied to a network address. A critical factor for most data consumers is the bandwidth allocated to their gateway, as it determines the efficiency and amount of blockchain data they can source. The bandwidth for a gateway is determined by the number of SQD tokens locked by the user: the more SQD they lock, the more bandwidth they’re allocated.

The Subsquid ecosystem includes a cloud-based version, 

. It allows developers to deploy their indexers via the multichain indexing cloud, significantly expanding the availability of the platform's services. Thanks to Subsquid Cloud, web-based apps operating outside of the blockchain environment can gain cost-efficient access to on-chain data.

Data sourced from blockchains via Subsquid Network is stored in a 

 — a term the project uses to describe the distributed storage of its data over the many worker nodes on the platform. This data is stored in a decentralized way and served when requested by data queries for use cases such as analytics, historical indexing and blockchain explorers.

The more worker nodes there are on the network, the more efficiently data from the decentralized lake can be retrieved. That's because these nodes provide not only storage capacity, but also computing power, which makes access to the lake more efficient as the network expands.

The Subsquid platform provides a development tool kit — Squid SDK — to let developers create indexers that extract, transform, load and query blockchain data in real time. Squid SDK represents a set of libraries in Typescript — a programming language that builds on JavaScript by adding static types, making it easier to catch errors and build large applications. Squid SDK's modular framework enables developers to customize their indexing projects with plug-ins and data targets.

The Subsquid querying engine is also capable of multichain access. Developers can deploy indexers that source data from multiple networks and store the results in a repository, where this data can be combined for further use in analytics or within 

Subsquid Network is often compared to an older and more established on-chain data querying protocol: The Graph. Since 2018, The Graph has been extremely popular among developers and analysts for its ability to effectively source data from numerous popular blockchains, including Ethereum and other major EVM-compatible chains.

However, Subsquid has several features and technical properties that provide important advantages over The Graph. 

First of all, The Graph keeps all the main components of its protocol within the same monolithic module. In order to leverage it, users have to use the entire stack provided by the platform, which limits flexibility concerning various data applications. In contrast, Subsquid features a modular design in which the main components, such as the database, query engine and client-side data rendering tools, are separate from each other. This provides a much higher degree of flexibility and better customization potential. For example, a DApp can use Subsquid's query engine but customize the client-side data presentation tool.

Secondly, real-time indexing for unfinalized blocks is available in Subsquid but not with The Graph. This is a crucial difference in powering applications that require fast, efficient real-time access to data. 

Thirdly, unlike The Graph, the Subsquid Cloud solution helps users outside the blockchain environment access Subsquid’s platform. With Subsquid Cloud, you can use fiat currency payments to access the platform's services online. In contrast, The Graph requires crypto payments in order to utilize its protocol. This limits platform adoption among users still unfamiliar with the 

 environment, as well as the applicability of The Graph in Web 2.0 applications.

Finally, Subsquid has the advantage over The Graph as measured by the sheer number of blockchain platforms it covers. Subsquid claims coverage across over 100 networks, while The Graph can source data from fewer than 60 chains. 

SQD is Subsquid's native cryptocurrency. It's an 

 token issued on Ethereum and bridged to the Arbitrum One L2 network. The SQD token's main functions on Subsquid include:

 token, with a total and maximum supply of 1,337,000,000.

Where to Buy the Subsquid Crypto Token (SQD)

The Subsquid token is available on Bybit's Spot market as a trading pair (

). You can also take advantage of Bybit's 

 for the chance to grab a share of the 1,900,000 SQD prize pool. The campaigns will run through May 31, 2024.

Subsquid Network is a project with the potential to revolutionize blockchain analytics and access to on-chain data. With its modular design, vast coverage network and efficient decentralization of processing and storage capacities, it offers a significant improvement over The Graph’s highly popular protocol. 

Moreover, Subsquid's impact on the industry could extend beyond simple access to on-chain data. Specifically, the platform has the potential to power AI use cases on blockchain. AI algorithms and applications require fast and efficient access to large volumes of data, and thanks to its operational concept and capabilities, Subsquid could meet this demand. With the niche at the intersection of 

 gathering pace fast, Subsquid is well-positioned to take advantage of this explosive growth. 

Subsquid Network (SQD): Transforming Blockchain Data Access

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