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

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Trading

MetaTrader 5 (MT5) offers a more advanced and comprehensive trading experience compared to MetaTrader 4 (MT4), especially for crypto markets. Learn more here.

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A significant distinction between MT4 and MT5 is the broader market access offered by MT5. While both platforms support automated trading and a variety of technical indicators, MT5 expands on these capabilities by enabling traders to access a wider range of markets, including cryptocurrencies, forex, stocks, and commodities. This makes MT5 a more versatile and comprehensive platform for traders looking to diversify their portfolios and explore different financial markets under a single unified trading environment.

Navigating the cryptocurrency maze requires the right trading platform, and choosing between the two heavyweights — MetaTrader 4 (MT4) or MetaTrader 5 (MT5) — can be a game-changer. These platforms are much more than tools, serving as portals into the world of financial opportunities. Our comparison unravels the nuances of each to equip you to decide on the right trading platform to fit your goals and ambitions. Maybe you’re drawn to the MT4 interface because of its familiarity — or perhaps you’re hooked on the advanced capabilities MT5 offers. This guide will point you in the right direction for your trading journey.

 is a popular multi-asset trading platform developed in 2005 by MetaQuotes Software Corp. It provides advanced charting tools, automated trading capabilities and access to a wide range of financial instruments, including forex, stocks and commodities.

MetaTrader 4 (MT4) is a comprehensive trading platform designed for forex trading. It’s known for its user-friendly interface and advanced features. Users start by downloading MT4 from a broker's website or other online source, and after installation they can choose between demo and live trading accounts. The platform offers real-time quotes and 

 for detailed market analysis. Traders can customize charts, apply various technical indicators and use analytical tools to assess market conditions. 

MT4 facilitates efficient trading operations, allowing users to place market orders, modify stops and limits and monitor positions. A key feature of MT4 is automation through Expert Advisors (EAs), which are programs that execute trades based on preset parameters, enabling hands-off trading. The highly customizable platform has options to set price alerts, download trade reports and install custom indicators and scripts.

Benefits and Risks of Trading With MetaTrader 4

While MetaTrader 4 offers a range of benefits that can enhance your trading experience, it’s also important to be aware of its potential drawbacks.

 is a multi-asset trading platform developed by MetaQuotes Software Corp. for trading forex, stocks, futures, CFDs and commodities. It offers advanced charting tools, automated trading capabilities and access to a wide range of financial instruments.

MetaTrader 5 (MT5) features a user-friendly interface with 

 and algorithmic trading tools. Traders can customize charts with different instruments and time frames, using over 

MT5 supports various order types, including market and pending orders, for effective strategy execution. Its standout feature is algorithmic trading, enabling the use of trading robots and EAs for automated trades. Designed for multi-asset trading, MT5 offers portfolio diversification across different markets, and is accessible from desktop, web and mobile devices. Additional services include 

, purchasing trading bots and running them on a virtual platform for continuous operation. 

MT5 provides a comprehensive environment for market analysis, trade execution and automated strategies, enhancing the trading experience for modern traders.

Benefits and Risks of Trading With MetaTrader 5

MetaTrader 5 offers a robust trading platform, but before diving in, you need to consider its benefits and risks.

It’s important for traders who wish to seamlessly switch to the newer platform to understand what both versions have in common.

Both MT4 and MT5 allow trading in various financial markets, including forex, stocks, futures and commodities. This broad market access enables traders to diversify their portfolios and take advantage of opportunities across different asset classes.

Both platforms support algorithmic trading, which allows traders to automate their trading strategies using EAs. This feature enables traders to implement trading strategies based on predefined rules and market conditions that can operate without manual intervention.

MT4 and MT5 both offer mobile trading capabilities, enabling traders to access their accounts and execute trades from their mobile devices, ensuring they can always stay connected to their trading systems, regardless of location.

To choose the platform that better suits their needs and preferences; traders need to understand what differentiates MT4 and MT5.

One key difference between MT4 and MT5 is the range of financial markets they support. While MT4 is primarily focused on forex and CFDs, MT5 offers more diverse market access, allowing traders access to additional asset classes, such as crypto, stocks, 

Technical Indicators and Analytical Objects

Compared to MT4, MT5 boasts a larger selection of built-in technical indicators, additional time frames and analytical objects. MT5 has 38 indicators and 44 analytical objects, while MT4 features 

. Its expanded set of analytical tools allows for more advanced technical analysis and trading strategy development.

MT5 supports more order types than MT4, offering six types of 

. This expanded order type functionality gives traders more flexibility in managing their trades.

Which One Should You Use to Trade Crypto — MT4 or MT5?

When deciding between MT4 and MT5 for trading cryptocurrencies, MT5 emerges as the more suitable choice for both beginners and experienced traders. MT5 offers more diverse market access, a broader range of technical indicators, and additional order types, making it a more versatile and comprehensive trading platform. Despite its complexity, MT5's advanced features and tools provide a richer trading experience, aligning well with the dynamic nature of cryptocurrency markets.

In addition, with platforms like Bybit phasing out MT4, transitioning to MT5 ensures that traders can leverage the latest technology and tools for their trading activities. Therefore, MT5 is the preferred platform for cryptocurrency trading, offering enhanced capabilities and opportunities for traders at all levels. 

While both MetaTrader 4 and MetaTrader 5 offer powerful tools for trading, MT5 stands out with its advanced features, broader market access and enhanced analytical capabilities. Whether you're a beginning or experienced trader, MT5 provides a more versatile and comprehensive trading experience — especially for cryptocurrency markets. As platforms like Bybit move away from MT4, embracing MT5 ensures you’ll stay ahead with the latest trading technology.

Looking to get started? Trade forex, commodities, indices and crypto with Bybit MT5. 

MT4 vs. MT5: Which Should You Use to Trade Crypto?

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