How to Use the Bybit Card to Earn Passive Income

In today's fast-paced digital era, the quest for financial freedom has led many to explore alternative income streams. Among these, passive income stands out as a favored strategy. Unlike active income, whereby you trade time for money, passive income allows you to earn without being actively involved. Imagine a life where your finances grow even as you sleep, travel or spend quality time with loved ones. This dream can be a reality, and the digital revolution, especially in the realm of cryptocurrencies, has made it more attainable than ever.

Introducing the Bybit Card — a groundbreaking financial tool in the crypto space. As the world of cryptocurrency expands, so do the opportunities to earn passive income. The Bybit Card not only simplifies your crypto transactions, but also paves the way for a consistent income stream. But how exactly can one leverage this card to maximize passive earnings? Let's dive deep into the mechanics of the Bybit Card and unveil the secrets to optimizing your financial growth.

Key Takeaways:

• The Bybit Card is a Mastercard crypto debit card that offers a seamless way to access and spend your cryptocurrency.
• There are various ways to earn a passive income with the Bybit Card, such as Auto Savings, lucky draws, milestone rewards, community engagement, the Loyalty Program Extension and the VIP program.

What Is the Bybit Card?

The Bybit Card is a Mastercard crypto debit card that offers a seamless way to access and spend your cryptocurrency. It's more than just a card — it's a gateway to integrate cryptocurrency into your daily routine. 

With the Bybit Card, you can instantly use your Bybit trading gains for purchases and enjoy exclusive perks through the Bybit Card Loyalty Rewards Program, featuring special offers from partner brands. You can even use it to earn a passive income. 

The card is cost-effective, valid for three years and features auto-renewal for its virtual variant. There are no annual, issuance or account closure fees. However, users will incur a 0.5% foreign exchange fee and a 0.9% crypto conversion fee on top of the prevailing spot rate.

How to Earn Passive Income With the Bybit Card

With the financial world leaning toward digital solutions, the Bybit Card stands as a beacon for those aiming to earn without constant effort. Let's look at how you can turn your Bybit Card into a passive income powerhouse.

Flexible Savings Auto-Savings Features

Bybit Card has recently partnered with Bybit Earn to introduce the Auto-Savings feature for Flexible Savings, an automated financial management tool that enables all Bybit Card users to effortlessly earn profits. When activated, this feature automatically invests users' idle assets in Flexible Savings, ensuring they earn profits without hindering card expenditures. 

Based on their preferences, users can easily choose and activate this function for specific coins supported on Flexible Savings to optimize their idle assets for better returns. Your assets remain liquid and can be unstaked anytime, ensuring you benefit from daily earnings without compromising flexibility.

Once you opt into the subscription, the system captures a snapshot of your current holdings in Bybit Flexible Savings. Every day, between 10PM–11PM UTC, the system transfers your available balance from your Funding Account to stake in Flexible Savings plans. The allocated amount during each execution of the subscription is subject to the maximum or minimum investment amount of Bybit Savings. 

If the required minimum investment amount is met, the funds will be automatically staked in Flexible Savings plans, up to the maximum investment amount. However, if the limit is exceeded or not met, the subscription will fail for that day. You can view the specific purchase limits in the details of each of the corresponding Flexible Staking plans.

How to Get Started with Bybit Card x Earn

Step 1: Hover your cursor over the Finance tab on the navigation bar at the top of the Bybit home page, and click on Card. 

Step 2: There are two ways to activate the Bybit Card Flexible Savings Auto-Savings feature from the Bybit Card asset page.

a) Only Apply to Payment Crypto Asset: Toggle on the Auto-Savings switch. Once enabled, the transferable balance of your payment crypto asset (shown under Paying With) in your Funding Account will automatically be used to subscribe to Flexible Savings plans at the next daily interval.

b) Apply to More Selected Coins: Click on the Edit button beside Paying With. A window will pop up for you to toggle Auto-Savings on or off for your desired assets. Then, click on Apply. 

Step 3: After reading and agreeing to the Bybit Terms of Services, click on Confirm.

You can view your successful transactions in your Funding Account History under Savings Subscription (Card) or Savings Redemption (Card). 

Alternatively, you can also find your orders under Earn Order → Bybit Savings.

What Happens When You Disable the Auto-Savings Feature?

When you disable the Auto-Savings feature, funds that have been used to subscribe to Flexible Savings plans won’t automatically be available for expenditures. Instead, only the designated fiat and chosen crypto assets in your Funding Account will be used for Bybit Card transactions. 

If you choose to disable the Auto-Savings feature on your Bybit Card, please note the following:

1. The changes will take effect on the same day only if you disable this function before 10PM UTC. However, if you make this change after 10PM UTC, the modifications won’t take effect until the following day.
2. Once you’ve disabled the Auto-Savings feature, your funds invested in Flexible Savings will no longer be accessible for payments via your Bybit Card. You’ll have to manually redeem these assets if required.
3. After you disable the Auto-Savings feature, if your Bybit Card doesn’t have enough fiat funds for payment, the system will not automatically use assets from your Funding Account to cover the payment method.

Loyalty Rewards Program

Bybit Card offers a Loyalty Rewards Program that lets users earn Bybit Card Rewards Points every time they pay with the Bybit Card. Users gain 1 Reward Point for every EUR/USD or 900 ARS spent. These points can easily be converted into cashback or other rewards through the Rewards Store. Some of the rewards include coupons, fee discounts and USDT or BTC bonuses that can be used to cover potential losses incurred by trading on Bybit.

VIP Program

Bybit VIP users get to enjoy Bybit Card VIP privileges, such as express delivery of your free physical card within three days, as well as higher points accrual on eligible card spending. Bybit VIP users can enjoy cashback of up to 10%, receiving 50 points for every EUR/USD/ARS spent. Additionally, rebates will be given for Communications and Trading packs, which include reimbursement for certain transactions at eligible merchants.

Lucky Draws

Lucky draws will be held regularly for users to earn rewards. While you may not be earning cold, hard cash from such events, you’ll get the chance to redeem exclusive rewards, such as tickets to racing events, NFTs and other exciting experiences and merchandise.

To qualify for the lucky draws, you’ll first have to reach the minimum spending amount stipulated in the rules of each lucky draw. If you’re looking to increase your chances of winning, you may choose to purchase additional lucky draw tickets with your Bybit Card Reward Points.

Bybit Card Referral Program

One of the easiest ways to earn a passive income with your Bybit Card is through its new Referral Program.

All you need to do is complete the following steps — and you’ll be able to sit back and reap the rewards.

• Share your referral link or code with your friends and family
• Have them apply for a virtual and physical card using your referral link or code
• Ensure they complete their first transactions with their Bybit Card

Once you’ve completed the above steps, you’ll qualify to receive 20 USDT, while your referee will receive 10 USDT. 

Should You Get a Bybit Card?

The Bybit Card offers a comprehensive suite of benefits designed to enhance your financial experience and enable you to earn passive income. The Bybit Card Flexible Savings Auto-Savings feature is a great way to put idle assets to work and provide a sustainable stream of passive income. 

The Loyalty Rewards Program lets you accumulate points with every purchase, which can be converted into various rewards, including cashback and trading bonuses. The upcoming VIP Program amplifies these benefits, providing higher cashback rates for the more discerning spender. Additionally, the card introduces an element of excitement with regular lucky draws, offering exclusive rewards. 

Overall, the Bybit Card's multifaceted rewards and exclusive programs make it a compelling choice for those seeking to maximize their financial benefits in the crypto realm.

Learn more: 10 Reasons Why You Should Own a Crypto Card

The Bottom Line

In the ever-evolving landscape of cryptocurrency and financial tools, the Bybit Card emerges as a beacon of innovation and user-centric benefits. Seamlessly blending transactional utility with a plethora of rewards, it exemplifies Bybit's commitment to delivering value to its users. 

Whether you're a seasoned crypto enthusiast or a newcomer to the crypto realm, the Bybit Card offers a unique blend of convenience, rewards and financial empowerment. As you navigate the future of digital transactions, having a tool like the Bybit Card in your arsenal isn’t just a luxury — it's a strategic advantage. Apply for the Bybit Card and start earning today!

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