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

how to buy usdc.png

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

21 Apr 2025 weekly newsletter.png

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.

1.png

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.

block-scholes-x-bybit-report.jpeg

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

Crypto

DeFi

GameFi

web3

Learn about how today's biggest GameFi projects change the way players are rewarded for gaming through fun play-to-earn crypto games.

Axie Infinity and similar GameFi projects and play-to-earn games are disrupting the traditional gaming industry as we know it. These play-to-earn crypto games are essentially blockchain-based monetizations of the gaming experience. What primarily differentiates them from traditional games is that players play to earn rewards rather than to win: think Monopoly, played for real cash.

Unsurprisingly, the ability to reward players for their time and effort is behind the rapid explosion in popularity of these play-to-earn games, commonly termed GameFi. Who wouldn’t love the idea of earning while having fun? In this article, we’ll take a deep dive into the world of GameFi games. We’ll also consider its origin, the various models for monetization and what to expect in the future. 

GameFi, one of the hottest buzzwords in the cryptoverse, is a portmanteau of “Game” and “Finance.” It describes the gamification of financial systems to create profit from playing play-to-earn crypto games. 

GameFi video game projects run on a blockchain’s distributed ledger, which enables players to have verifiable ownership of the virtual items in the game. In contrast to traditional gaming, where users play to win, GameFi projects adopt a play-to-earn model. 

The first instances of the GameFi concept include early Minecraft servers integrated with Bitcoin; Gambit.com; online games like Bombermine; and peer-to-peer services with which gamers monetize their online efforts.

 delivered at the World Blockchain Conference held in Wuzhen, China in November 2019, the founders of MixMarvel, a blockchain game studio, highlighted the possibilities of using blockchain technology to revolutionize the video gaming industry. 

However, the term “GameFi” was first used to describe this new trend by Yearn.finance founder 

. Since then, the term has been widely used to refer to video games embedded with blockchain-powered decentralized financial elements. These projects take advantage of the popularity of video games, combined with unique features of cryptocurrencies, to make GameFi a fascinating space.

Different GameFi projects typically have a few commonalities. In-game items such as avatars, land, costumes, weapons, gold, tokens and pets are represented as NFTs—non-fungible digital tokens that prove ownership of these digital objects. Game players acquire these items through game play, and can trade them on NFT marketplaces for profit or exchange them for cryptocurrencies — which can in turn be exchanged for fiat money.

Early GameFi titles used the Bitcoin blockchain, but the cost of transactions and the lack of speed prompted the adoption of the smart contract-enabled blockchain network, Ethereum.

Crypto game developers widely used Ethereum, and it’s still popular, but it has performance issues as well, due to limited block space. This vulnerability was highlighted when the viral popularity of CryptoKitties congested the Ethereum network in late 2017, causing Ethereum’s fees to skyrocket. 

Because of block space limitations on the Ethereum blockchain, transactions requiring faster settlement times incentivize miners to add these ahead of others through the included fee model. As demand outstrips the block space available, the transaction costs spike, pricing some users out. 

Of course, a game that requires exorbitant fees for in-game transactions will have difficulty gaining a significant user base. Faced with this problem, some crypto game developers moved from Ethereum’s base layer to faster networks. These large capacity networks include Solana, Polkadot, Polygon, Wax and 

GameFi projects have many levels to progress through. Players can increase earnings by dedicating time to improving their characters, monetizing their land assets by developing structures that other players pay to visit, or battling other players in tournaments. 

All data are stored on the decentralized public blockchain, which keeps track of what everyone owns. This means that players, not the game developers, own all of the assets. 

As a player, any in-game asset you acquire is yours for keeps, even if a server is turned off or the gaming company suffers technical downtime. This makes crypto gaming a source of actual income for players even as they’re being entertained. Some gamers even make a full-time income.

 concepts like staking, liquidity mining and yield farming are gaining a foothold in GameFi projects. These are all additional ways players can earn in-game passive income. Players can stake their in-game assets to earn annual interest and other rewards, which they can use to unlock new levels or to buy additional in-game items. At the same time, players can take out loans by collateralizing their game assets. 

Unlike traditional game development, which is centralized, GameFi projects may involve users in decision-making. Some games let players decide future game updates by giving stakeholder voting power to members of the GameFi 

 (Decentralized Autonomous Organization).

A DAO allows token holders to propose project updates and vote on them, making GameFi truly participatory. These proposals usually have a financial impact, such as members of the DAO voting to increase the reward for a particular in-game action.

You must own a project’s governance token to be a member of the GameFi DAO. Typically, your voting power is directly proportional to the number of tokens you hold. 

GameFi Games vs. Traditional Online Games

GameFi, like every other blockchain-based trend, has begun to shake up the traditional online gaming industry. Combining DeFi, NFTs and blockchain technology elements, GameFi is changing online gaming as we know it. 

GameFi projects assume different forms, but most of the popular crypto and 

 share features which set them apart from traditional online games.

The play-to-earn model characteristic of GameFi projects is revolutionary. Traditional online games make money through in-app purchases, affiliate marketing and advertising. As a player, you spend money buying in-game items to help you win or get an edge over other players. Of course, that spending goes directly to the game operators.

Also, if you’re like most players who grew up with online video game staples like Minecraft and PlayerUnknown’s Battlegrounds, you’ll be used to highly coveted in-game coins that have no value outside the game environment. Apart from the entertainment, you get nothing in return for your time and effort dedicated to playing these online games.

This is where play-to-earn crypto games flip the script: allowing gamers to add real-world value to their in-game purchases. In-game items and products are stored on a distributed public ledger or blockchain running on a crypto network. This blockchain technology allows in-game tokens and items to be traded for cryptocurrencies and, ultimately, actual cash. 

To enhance the gaming experience and get ahead, online game players buy items like coins, weapons, extra lives, custom characters, outfits, avatars, accessories, etc., directly from the game. Traditional gameplay involves buying assets from stores owned by the game developers, enriching the developers and not the players. This can limit players’ online gaming experience, especially those who don’t have much cash to spend. On the other hand, with crypto gaming, these purchases are made with cryptocurrencies and often involve trading valuable assets amongst players.

Regular online games allow digital ownership. But they don’t have the value or monetary worth that crypto games offer. You cannot exchange your in-game assets

with other players for value. This is a striking difference from the decentralized operations of GameFi projects, where players own globally distributed digital assets that aren’t limited to gaming purposes.

Most GameFi games are free to download and play, which makes them more accessible than traditional games. While there are no upfront costs, some games may require you to purchase the in-game tokens, characters and other items to get started. 

GameFi players have their assets and NFTs stored on the blockchain for life. This contrasts traditional games, which can be shut down any time, causing gamers to lose all of their in-game progress. All assets belong to the game developer, and players have no control over the life cycle of the gaming platform. If the game developer goes bankrupt, gamers can say goodbye to further development of the game.

Furthermore, traditional online games are not as secure as blockchain-based crypto games, making them vulnerable to attacks. Players can lose all of their assets in a hacking incident. 

GameFi projects adopt simple gameplay mechanisms, an attribute that makes them easy to understand and navigate. This simple approach lowers the barrier to entry, driving considerable uptake. Players of all ages and experience can comfortably participate.

Although the origin of GameFi can be traced to the early development of cryptocurrencies, it’s only now beginning to gain mainstream adoption. An often cited example that demonstrates the growth of this exciting new trend is the massive success of Axie Infinity. The popular GameFi project became the first to surpass $1 billion in token sales in August 2021, and has seen over a million daily active players. 

The constantly evolving technology behind crypto gaming has advanced to the point where new GameFi projects are attracting huge fan bases, as well as institutional funding. Industry experts believe crypto gaming to be the most likely portal for

 and use of blockchain technology. As GameFi projects gain a foothold with traditional gamers, familiarity with crypto can only grow.

As you might expect, GameFi is increasingly taking up chunks of the growing $175 billion gaming market. Video gamers have long enjoyed and familiarized themselves with the concepts of in-game currencies, scarce digital items and tokenization, all without gaining monetary value. Undoubtedly, there will be a greater appeal to GameFi projects that contain all of these elements while directly empowering users financially.

These are exciting times for GameFi. Leading industry players, such as game studios Ubisoft and MOBOX and semiconductor maker 

Alliance, an organization created to increase awareness of GameFi. Welcomed by developers and gamers alike, BGA claims to further the cause of crypto gaming by providing infrastructure for game development, and forums for developers and players to network, collaborate and share knowledge, in addition to creating common standards.

GameFi is rapidly growing, and the collective 

 of leading blockchain games has topped 

. But given the massive size of the gaming industry, the total addressable market offers even greater opportunities for growth.

With the runaway success of crypto games like 

, the future of GameFi seems bright. With many more GameFi games in the works, newer innovations are to be expected. Some of the crypto gaming projects currently under development include:

These newer games will unlock even more opportunities for gamified profit and a feature-rich gaming experience. 

There is more. Gaming platforms like MOBOX are being designed to allow individuals to build their own NFTs and games with interoperability capabilities. The platform also features DeFi functionalities such as staking and liquidity pools, enabling gamers to generate income from their assets. This income can then be used to buy in-game upgrades or generate keys to unlock new NFTs.

The GameFi concept is clearly an improvement over existing online games that give users a decent 

 ratio. The play-to-earn mechanism is ultimately the passport to broader crypto adoption as blockchain and NFT games hint of what lies ahead. It’s not surprising, then, that this explosive trend shows no signs of slowing down. At this rate, GameFi and NFTs will become a rallying point for DeFi. With growing public interest and an influx of capital, prospects for this nascent industry are limitless.

What Is GameFi: Gamifying Your Crypto Earning Experience

Compete for 2,500 USDT Every Week

Earn Points by Completing Tasks

Event Rules

Register now and get 10 points

Write/Reply Comments (0/5)

Publish an Article (0/5)

Share an Article on Social Media (0/5)

Like an Article (0/5)

Read an Article (0/5)

Weekly Leaderboard