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

Trading

A margin call is a demand from an asset lender, typically a broker, to increase the amount of assets held as collateral in a margin account. 

Bitcoin_Margin_Call.png

 is a cornerstone of many speculative accounts. To achieve consistent returns, it’s critical to understand both the ins and outs of margin trading and the causes behind margin calls. This article explores the fundamental concept of margin calls, provides an illustrative example, identifies triggers, outlines the consequences when a margin call isn’t met, and gives pointers on how to cover margin calls and prevent them from occurring in the first place.

At its core, a margin call serves as a protective measure, acting as a safety net for traders and investors engaging in leveraged positions within financial markets.

Margin trading essentially allows individuals to borrow funds from a broker in order to trade larger positions than equity in their accounts would typically permit. While buying on margin can magnify potential profits, it equally elevates the level of risk involved. A margin call is a mechanism that prevents traders from falling into a position where they could incur losses exceeding their initial investment.

In more practical terms, a margin call occurs when a trader's margin account balance dips below the minimum threshold, called a maintenance margin, required to maintain open positions. This triggers a demand from the broker, insisting the trader deposit cash into their margin account to cover potential losses, or sell assets in the account to reduce the minimum maintenance margin requirement. The objective is to mitigate the broker's risk by ensuring that traders don’t accumulate debts beyond the value of their assets and collateral.

At their core, margin accounts for stocks, forex, futures and crypto are similar, with some minor differences. Even within the Bybit exchange itself, maintenance margin is calculated differently for its various trading products and margin modes. Therefore, if you decide to open a margin account, make sure to review the broker’s margin requirements and margin call processes so you can be familiar with how they operate. 

To grasp the concept of a margin call more clearly, let's jump into an illustrative example using Bybit's 

Imagine you have 500 USDT in your trading account, and you decide to purchase 0.5 BTC (Bitcoin) at $30,000 on margin. If Bybit’s maintenance margin rate is 0.5%, then $75 of your account must be allocated toward keeping your 0.5 BTC trade open.

 Position Average Entry Price × Maintenance Margin Rate

If the trader starts with $500 in their account and the price of Bitcoin falls by $850.02 to $29,149.98, then the value of their trading account would fall by $425.01, leaving no excess equity to cover the maintenance margin. As a result, a margin call would be issued. 

Failure to heed the margin call and allowing the account balance to remain below the margin maintenance requirement could have dire consequences. In such a situation, the broker retains the authority to liquidate the trader's open positions to meet the margin call, often resulting in a significant financial setback for the trader.

Below are several factors that can serve as triggers for a margin call. The best medicine for a margin call is avoidance, which we'll cover below.

But first, understanding the triggers is crucial for managing risk effectively in a margin account:

: Sudden and substantial price fluctuations in the assets you hold can lead to receiving a margin call. If the market moves against your position, it will cause spreads to widen and losses in your account equity, potentially pushing it below the maintenance margin amount.

: If you pick the incorrect direction for a trend, your margin account is at risk of a margin call. As the market moves against your position, it erodes the market value of your account. If this decline surpasses the broker's prescribed limit, a margin call will be initiated.

: Overleveraging is one of the biggest pitfalls in margin trading. Using too much leverage and leaving too little room for price swings dramatically increases the risk of a margin call. Even the slightest price movements at high amounts of leverage can result in significant losses relative to your account balance.

: Each broker sets specific margin requirements, indicating the minimum account balances needed to support open positions. Brokers can change margin requirements if market variability or a political event threatens to create significant volatility.

 or adequately diversifying your portfolio — can increase the likelihood of margin calls. Some traders don't place a stop-loss, and when the market moves against their positions, significant losses and even margin calls can result.

When a margin call does occur, it’s typically the result of one or more of the factors discussed above. Avoiding margin calls will help protect your capital so you have enough margin to make a trade on tomorrow’s trend.

It's crucial to grasp that in the event of a margin call, the broker (or lender) can liquidate your open positions without requiring your authorization. This is a precautionary measure that you likely agreed to when opening a margin account. It serves to protect both you and the broker in times of market volatility, preventing a scenario in which your account's equity could dip into negative territory, potentially exposing the broker to losses.

The broker may allow you time to add additional funds to your account, or to decide if you want to close your positions. The key point to remember is that the broker already has a signed agreement from you stating that they can liquidate a portion or all of your open positions immediately upon a margin call.

To make things worse, if market prices are extremely volatile and trending against the general positioning of market participants, margin calls by the brokerage firm can make for even greater price volatility.

For example, if a downtrending market causes a lot of clients to receive margin calls, then liquidating those clients' positions will only add a greater imbalance of sellers. This influx further drives down the market, triggering another wave of margin calls for accounts that have recently depleted their margins.

This scenario can result in a nasty cycle that causes extreme pricing dislocations. One of the last times this occurred in the crypto market was during the COVID-19 collapse in 2020.

“Covering” a margin call means raising funds to bring the equity level back above the margin requirements, a critical step in preserving your margin account and preventing further losses. If you’re trading in a market or with a broker that allows you time to decide how to meet the margin call, you generally have three choices to make.

Following are the basic strategies for covering a margin call.

: The most straightforward way to meet a margin call is to deposit cash into your trading account. This replenishes your account balance, bringing it back above the required maintenance margin level.

: If you have other assets in your portfolio, consider selling them to raise the necessary funds. These assets could be outside of the margin account, but then you'd have to deposit the sale proceeds into the margin account, which may take too much time.

: Another option is to close out some or all of your open positions in the account that has received a margin call. By doing so, you can free up capital and lower your margin requirements. 

Remember that timely action is crucial when trading on margin. Failing to promptly address a margin call could lead to further losses or the liquidation of your positions by the broker.

Preventing a margin call is the ideal scenario for traders and investors engaged in margin trading. Following are some strategies to help you avoid a margin call.

: One of the most effective ways to avoid a margin call is to practice sound risk management. This includes setting stop-loss orders for your trades, diversifying your portfolio and using leverage conservatively.

: Familiarize yourself with your broker's margin requirements and regularly monitor your account balance. Ensure you maintain a cushion above the minimum required balance to account for potential market fluctuations.

: Avoid excessive leverage. Higher leverage multiplies both profits and losses. Additionally, consider using lower leverage ratios.

: Keep a close eye on your open positions. Create a custom-made alert at some comfortable level above the margin maintenance requirement. That way, if the alert triggers, you’ll have time to adjust your account positions before market losses trigger a margin call.

What Happens if I Fail to Meet a Margin Call?

Failing to meet a margin call can have significant consequences for traders and investors.

: If you do not promptly cover a margin call, your broker may liquidate some or all of your open positions to recover the funds required to bring your account balance back to the required level. This can result in substantial losses as positions are closed outside of your trading plan.

: Any losses incurred beyond the value of your account can potentially lead to a debt owed to your broker. Although some brokers offer negative equity protection, other markets and brokers do not. Therefore, irresponsible margin management could add to your debt levels, making trading a very costly endeavor.

The inability to meet the minimum maintenance margin margin can be financially detrimental. It underscores the importance of responsible trading practices, proper risk management and a thorough understanding of the margin requirements set by your broker to mitigate the risk of margin calls in the first place.

A margin call appears after market losses erode capital from a margin account, and is meant to protect both trader and broker. The best way to safeguard your account is to avoid a margin call by taking adequate risk management precautions before losses eat away at your equity.

What Is a Margin Call: Understanding and Managing It

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