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Despite rising global adoption and a significant surge in total crypto market capitalization, cryptocurrencies have yet to become a widely adopted payment method. Bybit Pay, a novel crypto payment solution launched by Bybit, the world’s second-largest cryptocurrency exchange by trading volume, aims to bring crypto payments mainstream.
Bybit Pay enables users to pay in the real world using supported crypto assets or fiat currencies, and allows vendors to receive payment in their local currency. As part of this effort, Bybit has announced a partnership with Uquid, an innovative web3 e-commerce platform.
Key Takeaways:
Bybit Pay makes it easy to spend cryptocurrencies by offering instant, fee-free payments and crypto-to-fiat conversions.
Through its partnership with Uquid, Bybit Pay gives users access to over 525,000 products and services across 200 countries.
Users can earn up to 50% cashback by shopping with Bybit Pay during the limited-time Uquid Flash Cashback event.
Bybit Pay is a crypto payment solution developed by Bybit. With over 60 million users, Bybit is one of the world’s leading crypto exchanges. Bybit Pay empowers merchants with access to Bybit’s vast, global user base. At the same time, it provides users with the benefit of seamless integration with their crypto portfolios.
The key features of Bybit Pay include the following:
Local payment integration: Scan QR codes directly via the Bybit App for instant in-store or online payments.
Instant crypto transfers: Send or receive crypto using a simple payment process without the need for complex wallet authorizations.
Auto-Savings: Earn interest on idle assets through automated yield-generating tools.
Multi-currency support: Supports 8 major cryptocurrencies (including BTC, ETH and USDT) alongside fiat conversions.
Zero fees & real-time conversion: Enjoy fee-free transactions and instant crypto-to-fiat swaps at competitive rates.
Uquid is a web3 e-commerce platform that enables users to shop using cryptocurrencies. Since launching in 2016, the platform has grown into a one-stop shop for over 175 million products ranging from electronics to NFTs. In line with crypto’s global nature, Uquid operates in over 200 countries and supports more than 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and leading stablecoins like USDT and USDC.
On top of that, Uquid also offers “buy now pay later” options to customers, such as its Payin3 feature that allows users to convert their payment to three installments over a 90-day period, completely interest-free.
Combining Bybit Pay’s frictionless payment infrastructure with Uquid’s vast marketplace unlocks the following unique advantages:
Shop globally: Bybit Pay facilitates crypto transactions in regions with limited banking access, such as Southeast Asia and Africa. Users can shop on Uquid without relying on traditional financial rails.
Enhanced shopping experience: Bybit Pay’s instant conversions and zero fees streamline your checkouts — and you can spend crypto as easily as fiat currencies.
Transact securely: Transactions leverage Bybit’s secure infrastructure, and are protected by advanced encryption and compliance protocols to minimize fraud risks.
Access a wide product range: From digital gift cards to NFTs, Uquid’s catalog caters to all needs. Bybit Pay ensures smooth purchases across a vast number of categories.
Split payment with Payin3 flexibility: Uquid’s Payin3 feature allows you to split your crypto payments over 90 days — interest-free. Bybit Pay enhances this feature by enabling automatic, hassle-free installments directly from your crypto holdings.
1. Sign up or log in to your Bybit account, then head to Bybit Pay. Detailed instructions on how to get started with Bybit Pay can be found here.
2. Click on Uquid from the Bybit Pay dashboard (or head to Uquid here) and register for a Uquid account. For more information, please refer to this guide.
3. Browse the catalog of over 525,000 products and services. Add your items to your cart and proceed to checkout.
4. At checkout, choose Bybit Pay (under Pay with your Crypto Wallet) as your payment method. You’ll be redirected to a secure payment page.
5. Use the Bybit app to confirm your transaction by scanning the QR code, then review the amount and approve the payment.
6. For Payin3 purchases, select the installment option during checkout. Bybit Pay will schedule automatic deductions from your wallet.
Bybit Pay and Uquid's partnership is a major step toward making cryptocurrencies more useful in day-to-day life.
Bybit Pay’s user-friendly features — such as zero fees, instant conversions and robust security — make it the ideal partner for Uquid’s global marketplace. Spend crypto effortlessly on thousands of products while earning rewards on your idle crypto assets with Bybit.
Early participants are eligible for the Bybit Pay x Uquid Flash Cashback program, currently running to May 15, 2025. New users can earn up to 50% cashback on products purchased with Bybit Pay. Check out the Bybit Pay x Uquid Flash Cashback event now!
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