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Bybit Guide

Crypto

Enjoy buying crypto on Bybit without worrying about the hefty fees. We explore different ways to getting crypto with the most optimized methods. 

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Bybit’s globally recognized crypto exchange features an intuitive interface that eliminates the confusing crypto buying process for all users. Security and reliability are paramount at Bybit, and we’ve partnered with a wide range of payment providers and gateways who share these same values to provide a seamless crypto checkout system that helps you get BTC, ETH, XRP, USDT and more, using your local currencies. 

With Bybit, you can purchase crypto in a few quick ways — whether it’s via Bybit fiat (express checkout), credit and debit cards, peer-to-peer (P2P) trading or simply exchanging assets on the Spot market. We optimize and absorb most of the transaction costs, offering zero-fee crypto buying services so you can accumulate more crypto. 

In this guide, we’ll explore the different ways to safely obtain crypto on Bybit without fees.

There are numerous benefits to buying crypto with Bybit. 

Bybit’s platform uses advanced technology to protect your funds and personal information. In addition, we offer a wide variety of cryptocurrencies for you to choose from, including BTC, ETH, USDC, USDT and XRP. 

Traders and buyers from around the globe can obtain cryptocurrencies with their local fiat, including EUR, JPY, HKD, GBP, TRY, MYR, PHP and more. 

World-Class User Interface and Payment Options

Bybit’s platform features a user-friendly interface that makes it easy for both beginning and experienced traders to navigate, and features a wide range of payment options for users to buy cryptocurrencies. 

In addition to the above benefits, Bybit offers 24/7 multilingual customer service. Whether you have a question about how to buy crypto or you're facing technical issues, you can always reach out to our support team for assistance. Furthermore, Bybit provides 

 to help you better understand the crypto market, including trading guides, market analysis and webinars.

Perhaps the most attractive benefit of all when using Bybit is the opportunity to buy crypto without paying hefty transaction fees. This can significantly increase your profits, especially if you're a frequent trader. 

In the following sections, we’ll explain how to take advantage of this benefit in detail.

Step-by-Step Guide: How to Buy Crypto on Bybit

If you're new to Bybit, don't worry — because buying crypto on the platform is a straightforward process. Here's a step-by-step guide to help you.

. Visit the Bybit website and click on the 

 button. You'll need to provide your email address and create a password. After you've completed the registration process, log in to your account.

The fee structure of P2P trading corresponds to two types: Taker and Maker.

 P2P on Bybit offers zero transaction fees for Takers and Makers. 

: Complete the process by confirming your transactions. Check your wallet's account balance to ensure you keep your account funded. 

: Bank transfers feature zero fees for limited currencies only. This does not apply to all currencies, and users are advised to check the fees on the payment confirmation page before confirming their transactions.

How to Avoid Paying Fees When Buying Crypto on Bybit

In order to avoid paying fees when buying crypto on Bybit, it’s important to understand the differences between the payment methods you’ve chosen to proceed with. 

Depositing EUR to the platform and using the Spot market to receive USDC in return involves market orders and limit orders, which incur a fee. 

However, you'll be exempted from deposit fees if you deposit local fiat currencies to the platform using Bybit Fiat. Most fiat currencies — such as HKD, TRY and more — are entitled to zero-fee programs. However, there are exceptions for some currencies. Users are encouraged to check the notification box before confirming their order checkout. 

Users who want to avoid paying fees when buying crypto on Bybit can also opt for Bybit P2P to get exactly what they’ve asked for when exchanging currencies with peers. Bybit helps facilitate the buying and selling of two users' holdings at an optimal, agreed-upon price without taking a cut from the transaction.

Risks and Rewards of Buying Crypto on Bybit

As with any investment, buying crypto with Bybit comes with its share of risks and rewards. The primary risk is the volatility of the crypto market. Cryptocurrency prices can fluctuate dramatically in a short period, which can result in substantial losses.

On the other hand, the primary reward is the potential for high returns. Cryptocurrencies have been shown to offer substantial returns over the past decade, with Bitcoin being the most notable example. Furthermore, by trading on Bybit, you can maximize your profits using different contracts and trading strategies. 

Here’s an overview of the products you can consider.

cryptocurrencies at the current price immediately delivers the cryptocurrency traded.

: Users can sign agreements to buy or sell an underlying asset at a predetermined price and specific date in the future. Traders can take a 

 position, depending upon their outlook. Long positions are common for traders who predict a price increase; however, traders may short a position hoping to benefit from price declines.

European-style cash-settled Options allow users to execute call or put options upon contract maturation

. A call Option gives a buyer the right, but not the obligation, to purchase an asset at a set price on an expiration date. Likewise, a put Option gives a buyer the right to sell an asset at a predetermined price upon expiration.

It’s possible to buy cryptocurrency on Bybit without paying fees, which can significantly increase your profits. By understanding how Bybit's fee schedule works, as well as the chosen type of payment gateway, you can effectively trade without paying a dime in fees. Remember, however, that while trading without fees can increase your profits, it doesn't eliminate the risks associated with crypto trading. Always trade responsibly and invest only what you can afford to lose. 

How to Buy Crypto on Bybit With Zero Fees (A Complete Guide)

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