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.

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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

Candlestick

Trading

The three white soldiers is a bullish candlestick pattern that helps traders predict the upcoming trend reversal of a current downtrend. Read on to learn how it works & if it's reliable for technical analysis.

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In this article, we’re going to explore the three white soldiers candlestick pattern and see how it can help traders spot bullish reversal patterns in the cryptocurrency market. In 

, some of the most popular price action patterns have funny names like “

.” The names of these trading patterns are not random. Rather, they illustrate the overall shapes of the price actions.

In this regard, the “three white soldiers” pattern carries this name because its shape resembles three soldiers in a regular army formation, ascending.

Once you’ve seen the three white soldiers candlestick pattern, you can’t unsee it.

By the end of this introductory trading guide, you’ll know what defines the three white soldiers candlestick, why it’s useful in trading bullish reversals, and which trading strategy is the best to use when you’ve identified it.

The three white soldiers is a bullish candlestick pattern that occurs near the end of a bear market. It signals the end of the prevailing downtrend. This candlestick formation consists of three green candles that signal strong buying pressure which leads to a trend reversal.

This is what the three white soldiers candlestick pattern looks like:

Most traders who use Japanese candlestick charting techniques know that 

 works better within the right context. Depending on where it develops within the trend, the three white soldiers can also be viewed as a continuation pattern. If this pattern forms in the middle of a bull market, it can act as a continuation pattern. When the pattern forms at the end of a downtrend, it acts as a price reversal signal.

From a supply and demand perspective, the three white soldiers can help traders identify a shift in 

 where buying pressure suppresses selling pressure.

Interpreting the Three White Soldiers Candlestick Pattern

As previously mentioned, the three white soldiers is a bullish pattern. Its characteristics include the following:

Visually, the three soldiers appear to be moving forward with no obstruction. This helps many traders determine which side of the market is prevailing. In this case, the bulls are beating the bears.

When there are multiple bullish candles with the closing price near the top of the trading range, it indicates that the bulls are in control of the market. Basically, for three consecutive days, the bulls have dominated the market, signaled by the closing price near the day’s high.

At the end of the day, these candlestick patterns imply that the rally might continue. Still, it’s wise to look as well at other 

 or the stochastic oscillator, to confirm the shift in the market sentiment.

Before you can correctly identify the three white soldiers, you need to know that not every instance of this pattern is tradable. There are several requirements that the three white soldiers pattern needs to satisfy.

To qualify each instance of the three white soldiers candlestick, traders should be looking to incorporate into their trading a three-step process:

As previously mentioned, the right context is a dealbreaker for most candlestick patterns. In other words, the three white soldiers need to form at the end of a downtrend or near a key support level.

For example, if the pattern forms inside a consolidation, it’s less reliable as a trend reversal signal. Secondly, the profit margins are thin when you trade a ranging market because the pattern will soon run into a resistance level. 

Basically, traders first need to identify a downtrend before the three white soldiers can “come to the rescue” as buyers defeat sellers. 

The second requirement for the three white soldiers is that you need all three candlesticks to be bold. Ideally, we want the candlesticks’ sizes to be larger than those of other candles in the immediate vicinity.

Additionally, the second candle can’t go beyond the middle price range of the previous day. The same is true for the last candlestick. This basically shows that there is little to no selling pressure.

When the three green candles are closing near the top of the candle, it signals that the bulls have been in control of the market through the entire day’s session.

Last but not least, the three white soldiers should also be supported by rising volume. Volume is a key indicator that can be used to confirm price reversals. Without an increase in volume, this might simply be a bull trap that you want to avoid. If the three white soldiers are accompanied by light volume, it means that there’s no institutional buying.

To sum up, traders need to make sure there is an increase in volume to validate the strength of the bulls.

How to Use the Three White Soldiers to Identify Entry and Exit Points

There are different ways to trade the three white soldiers pattern. Usually, there are two approaches that anyone can use:

In other words, the three white soldiers pattern is used as an entry to establish a long position. However, at the same time, traders who have been riding the prevailing downtrend can use this price reversal signal as an exit point. Bears will often liquidate their short positions when the three white soldiers pattern prints on the price chart.

The significant move higher that follows the three white soldiers pattern will often lead to the overbought market. In this case, technical indicators can provide more insight into what happens behind the curtain.

For example, the stochastic oscillator may have moved above 80, signaling overbought readings. In this situation, the price trends inside a consolidation, giving time to the stochastic oscillator to reset. These opportunities are great examples of buying on a pullback.

The daily chart for Bitcoin (BTC/USD) printed the following three white soldiers candlestick pattern in February 2021 after a multi-day sell-off. In this example, the prevailing trend is downward before the three white soldiers candlestick pattern leads the price to a sharp bullish reversal.

The bullish reversal pattern is confirmed once the highest price of the three candles has broken to the upside. Additionally, the stochastic oscillator reveals oversold conditions for Bitcoin, warning traders of an imminent price reversal. 

As you can tell, the price action itself — combined with the right context and other factors that can support the bullish case scenario — has led to the success of this long position.

Risk Management with Three White Soldiers

Managing risk, especially in the volatile cryptocurrency market, will help many traders keep their heads above the water where others have failed. As a rule of thumb, don’t risk more than 2% of your portfolio in any given setup. The stop losses tend to be wider with the three white soldiers pattern. If you risk more than you can afford to lose, you’ll get hit harder if the market goes against your position. 

Secondly, ensure that the candlestick pattern offers you at least a 1:2 risk-to-reward ratio. In other words, the reward is likely to be larger than the risk.

Three White Soldiers vs. Three Black Crows: Differences

The opposite pattern of the three white soldiers is the three black crows. The only major difference between these two patterns is that the three black crows form at the end of an 

. Unlike the three white soldiers pattern, which signals a trend reversal from bearish to bullish, the three black crows candlestick pattern signals a trend reversal from bullish to bearish. 

Secondly, whereas three green candles represent the three white soldiers, the three black crows pattern is represented by three consecutive red candles. They are also relatively large in size, have small or no wicks, and the second and last candle highs don’t go beyond the middle price range of the preceding candles. 

The same caveats regarding candle size, location within the trend, and volume apply equally to the three black crows and the three white soldiers.

In the world of technical analysis, there is no perfect candlestick pattern. As such, the three white soldiers pattern comes with its own limitations. There’s always a risk that the trade won’t go in your favor, because past performance is not indicative of future results. 

There are some valid reasons why trading with the three white soldiers pattern is difficult. 

First, the pattern requires a lot of mental strength because it’s challenging to buy after a strong rally, as represented by the three green candles. Basically, your buy position gets triggered when the highest price of this formation is broken. So you’re buying higher, and you need to sell at even higher prices for you to make a profit. 

Secondly, since the protective stop loss is placed below the first candle’s low, you need to use a wider stop loss. If the profit potential is too small (relative to the size of your stop-loss), it’s not worth the risk to open a long position. To work around this issue, traders can wait for a pullback that may or may not happen — in which case there’s a high risk of missing the boat. 

Last but not least, trying to catch a falling knife is a risky business. Many traders avoid trading reversals altogether due to the high risk of losing money if the trade goes against their initial position. 

To hedge against the limitations of the three white soldiers pattern, traders need to look at other technical indicators for more clues. For example, many traders use the stochastic oscillator to confirm that the pattern forms at an oversold area before initiating a long position.

The bottom line is that the three white soldiers candlestick pattern is a powerful tool you want to have in your trading arsenal. Visually speaking, the pattern is easy to identify, and it gives you critical information at first glance about the market sentiment. Therefore, it’s instrumental in pinpointing bullish trend reversals.

If you’re not familiar with the setup, you can hone your trading skill and learn how to better identify the three white soldiers pattern by using a practice account.

Candlestick Patterns Professional Traders Use

 – A curated list of candlestick patterns most frequently used by traders

 – Learn the basics of candlestick patterns

 (Chart basics: trend, neckline, wedges)

How to Use Three White Soldiers Pattern to Spot Bullish Reversal?

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