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

Bybit Learn

From a Pharrell Williams partnership to Doodles 2.0 NFTs, here's why these colorful Web 3.0 NFTs have been headlining the news.

? Many people are asking that question now in light of the recent new and are wondering whether they should invest in these colorful 

. This guide will explain what Doodles NFTs are, why they’re so popular, and what investors can expect in terms of potential benefits. Also, the guide will cover Doodles NFT prices, the Doodles road map and more. With these bits of information, it will be easier to decide if investing now is a good idea.

Doodles NFT is a collection of 10,000 colorful Web 3.0 PFP NFTs, with hundreds of trait options that are generated by an algorithm. The collection is based on the 

 blockchain and was created by Evan Keast, Jordan Castro and Scott Martin

The creators go by the aliases of Tulip, Poopie and Burnt Toast, respectively. Originally, the project launched on October 17, 2021. At the time of release, the NFTs were priced at 0.123 ETH each. Following an exclusive pre-sale, the Doodles NFT collection sold out in minutes at a record-breaking speed. Connected with a 24-hour sale, the first merchandise collection was released in February 2022. Other exclusive merchandise was launched a month later. 

The Doodles NFT artists portray different cartoon characters with bright pastel color combinations. Some of the varying traits include hair, piercings, face, head, background and body. Like many other popular PFP NFT collections, the Doodles NFT artist Burnt Toast designed the variations of each category of trait to correspond with different rarity levels. For example, some rare traits of Doodles NFTs include bubblegum face, devil cat and holographic alien. NFT holders determine the direction of the project by fair voting. Some airdrops and projects have been approved by the Doodles NFT community since the collection's release.

Doodlebank is the treasury section for the Doodles community, which holds more than 650 ETH. There’s a community structure for voting, and each Doodle equals one vote when it comes to voting matters that relate to treasury funding projects. Many community members appreciate that Doodlebank doesn’t aim for unattainable goals. For example, the Doodlebank community doesn’t try to develop a game or a large metaverse. Doodlebank’s goals are to maintain sustainability for the platform, collaborate with firms, and offer a quality experience for members. Also, the bank aims to test initiatives in order to find the most favorable ones. Members who proffer worthy proposals for voting are called Doodlebank Champions.

Noodles was a project that was voted on in the Doodlebank community and approved to appeal to noodle lovers. Designed by NFT artist Grin, the project generated a collection of noodle-like characters with different traits. Taking its cue from the style of the Doodles NFT artists, Noodles share the same distinct color scheme as Doodles and have different traits. The Noodles project cost 48.9 ETH.

Another approved project called Pukenza gave members a free airdrop of generated art with their Doodle NFT's main colors, with the project costing a total of 4.2 ETH and producing a total of 8,010 Pukenza NFTs. Doodle NFT holders had until February 2022 to claim their free Pukenza. The platform only allows one Pukenza per Doodle. Holders who claimed their Pukenzas could add them to their Doodles to modify accessories, background color or other traits.

The Space Doodles collection from Doodles NFT artist Burnt Toast includes limited-edition NFTs of colorful and quirky spacecraft. Space Doodles possess more than 200 traits and are generated by competency stats. These tokens are made to wrap Doodles, resulting in a modified appearance to each NFT as a character variation. While holders can own a Space Doodle or a regular Doodle, they aren’t allowed to hold both, since the platform's smart contract logic won’t allow it. Investors can purchase Space Doodles on 

In May 2022, Doodles announced the launch of Dooplicators, which was a freebie for Doodles holders. The claim period ended on June 21. During the NFT NYC June 22 reveal from the creators, people learned that the NFTs came in Rare, Common and Uncommon tiers. Rare NFTs comprise 11% of the collection. The exact utilities of Dooplicators remain unknown, and not all Doodles holders have claimed their Dooplicators. However, the creators said that the NFTs are backpack-sized devices that have useful, extraordinary powers. 

This project was an especially strategic growth move for Doodles. When investors heard about the Dooplicators, they rushed to buy Doodles so they could claim the extra utilities. Unlike Pukenzas, the Dooplicators utilities promise more potential than aesthetic changes. Just before the Dooplicators claim deadline arrived, Doodles represented 15% of all Ethereum-based NFT sales. On that day, Doodles took the lead above the well-known

There are several factors that contribute to the growing popularity of Doodles NFTs. Their distinct artistic style, unique community structure and benefits for members make for a powerful combination of assets.

Prior to the release of the collection, the creators successfully increased curiosity when they closed their Discord after only 1,000 members had joined. No NFT community had done this before, and the exclusivity factor that resulted created even greater awareness during the next month until the Doodles public mint. Not long after the entire collection of Doodles NFTs sold out, the creators reopened the Discord. There was an influx of interested people and collectors wanting to learn more about the project, the unique community and its distinct design.

While other NFT communities encourage communication and artwork contributions from members, Doodles takes it a step further. In the Doodles community and Doodlebank treasury, all members have a voice and a potential impact on projects. Members can propose ideas, vote, and collaborate with others.

Doodles NFT artist Burnt Toast has succeeded in creating a distinct look. The bright rainbow of pastels blending together and the drawing style set the collection apart from many other darker blue-chip NFT projects. The Doodles NFT artist has such a distinct style that one quick look at Noodles or Space Doodles shows that they’re related to regular Doodles.

The Doodles road map, which will be discussed more in the next section, is not typical in its design. The website places a clear value on maintaining the community and providing a valuable experience for Doodles holders. Offering current value seems to resonate with many people, more than the potential of lofty future goals that other projects aim for.

While many NFT projects have a clear road map of goals and a timeline, the Doodles road map is different. As the website states, people who own Doodles have the privilege of voting on community features, events and products. The community voting structure makes the Doodles road map collaborative, which means that Doodle holders and founders ultimately decide on its direction via the Doodlebank. One look at the Doodlebank shows how it may be better than an official Doodles road map. There are plenty of good proposals for projects. While there is no long-term Doodles road map, a visit to the website shows the current statuses of proposals, ideas and projects.

The Pharrell Williams partnership is an addition to the collaborative Doodles road map. Pharrell Williams is also the new Doodles Chief Branding Officer. The well-known producer and musician will be contributing his valuable talents to the new Doodle Records. According to Yahoo News, Williams said in an interview that he and the community hope to bring the project to new levels of success. Williams plans to produce the first volume of Doodle Records in cooperation with Columbia Records. Doodles NFT artist Burnt Toast will create the album art, as well as some limited-edition visuals.

Another product of the collaborative Doodles road map involves the planning of Doodles 2, which will be a more publicly accessible version of Doodles NFTs. To save on costs, Doodles 2 won’t be built on Ethereum. Creators haven’t decided on a blockchain yet, but want to keep the process of changing characters’ appearances free of gas fees. Wearables will be a big focus of the Doodles 2 NFT project, with Dooplicators playing a role. Although there’s a teaser trailer on the Doodles site, Doodles 2 details are still in development. The creators said that the total of characters will be in the millions, and they will be more identity-focused NFTs. Holders will also be able to access exclusive music.

The original Ethereum-based Doodles collection sold out almost immediately, and Doodles NFT prices are rising. (Current Doodles NFT prices will be covered more in the next section.) With their popularity and growing value, Doodles still seem to be good investments. According to NFT Stats, the most expensive Doodle sold yesterday (June 23, 2022) went for $96,600. There have been Doodles that sold for six-digit figures, as well. Doodle #316 resold the day after the collection was initially released in October 2022 for 100 ETH, which was equal to $410,200 at the time. The NFT was purchased back by one of the co-founders. One of the most expensive Doodles NFTs was #6914, a gold ape with several rare traits, which sold for 296.69 ETH, worth more than $1 million at the time.

What will Doodles NFT’s future growth look like? These NFTs are all new enough that it’s still unclear how much their value will grow. Doodles NFTs are especially valuable to people who want to be part of a community that determines the future of the project collaboratively, in addition to those who want to be able to propose ideas or work with other like-minded community members. Since there will be many more Doodles 2 NFTs than original Doodles, the original collection is more likely to sustain high value. According to the Doodles NFT website, investors who want to buy Doodles can look on OpenSea, Nifty Gateway or LooksRare.

Curious about the Doodles NFT floor price? As of June 24, 2022, the floor price of a Doodles NFT is 14.9 ETH, which is close to $18,000. Keep in mind that at the original mint, Doodles were priced at 0.123 ETH. According to NFT Stats, there have been 280 NFTs sold in the past week for a total trading volume of $4.85 million. The average Doodles NFT price was $17,300. In January 2022, the floor price hit 6.6 ETH. 

One of the factors that determines an NFT project’s value is its creators' ability to deliver on promises. Two other successful PFP NFT projects that had similar success trends and delivered on goals were 

 and Bored Ape Yacht Club. In the past 24 hours, Azuki's price was up over 11%. BAYC's floor price moved upward as well, and is currently at 88.54 ETH. Recently, BAYC's growth and activity were so substantial that they crashed the Ethereum blockchain in May 2022, due to a frenzy of people wanting to purchase the 55,000 land deed NFTs for BAYC.

The Doodles NFT project has already released several side projects as well, and it’s possible that the project could see similar growth. The Dooplicators project provided financial evidence of this potential. With the community's open road map and heavy focus on members proposing ideas for projects, many investors are excited to see what other profitable ideas come to fruition.

Despite the volatility of the NFT market, the NFT ecosystem continues to grow. What is Doodles NFT going to do? Values will likely remain strong. For now, investing in Doodles NFTs is better than choosing many other newer PFP NFT projects. Based on Doodles’ growth and popularity, the project is a top contender to potentially reach similar heights as BAYC, The Meebits and CryptoPunks.

Keen on learning how you can survive this crypto downturn? Read up on our guide that explores the 

Doodles: Why Are These Colorful Web 3.0 NFTs So Popular?

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