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

Crypto

Ethereum Classic is a hard fork of the Ethereum blockchain, but how is it different to its big brother? Read this article to find out.

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represents the world’s most used blockchain-based platform that allows the creation of decentralized apps (DApps) backed by 

. A smart contract is a code designed to automatically execute an action, such as automatically transferring funds whenever specific conditions are met. Ultimately, what distinguishes Ethereum from the rest is its ability to allow developers to write code that controls digital value, runs exactly as programmed.

Proposed by Vitalik Buterin in 2013, the network quickly gained popularity among developers soon after it was launched on July 30th, 2015. Today, Ethereum remains one of the most robust cryptocurrencies, and it continues to expand its horizons for the public without relying on any single authority. 

Ethereum Classic is a hard fork of the source platform Ethereum which occurred in 2016 after the hack of the Ethereum-based Decentralized Autonomous Organization (

). The community got split into two opposing camps, and the same happened to the project as well. Let’s take a closer look at how such an event came into existence. 

The History of The Decentralized Autonomous Organization (DAO)

Here’s how ETC stands behind its creation. In 2016, DAO was one of the most popular Ethereum-based hedge funds that attracted numerous investors and startups thanks to the ease of use. 

With DAO, startups are picked based on their potentials, and whoever passed the reviewed process will be white-listed. However, the startup needed to gain at least 20% of the votes to access the funding.

The DAO concept boasts of simplicity and autonomy. Hence, DAO gained traction from the public soon after its roll-out. In the first month since the launch, the fund was raised more than $150 million. 

Alas, the general euphoria couldn’t have lasted for too long. On 

, an unknown hacker for a group of hackers discovered and exploited a security breach that allowed them to withdraw $50 million from the fund. As soon as the news spread to the broad publicity, the cryptocurrency market’s overall capitalization dropped from $15 billion to less than $11 billion in a few days.

In fact, some people believe that the attack could hardly consider a hack as it’s so flawed and vulnerable to exploits with some basic technical skills. For those investors who wanted to exit the DAO, the so-called “Split function” exposed an enormous loophole in the whole system. Instead of simply requesting a refund, the hacker launched a recursive function that repeated the request before the initial transaction was registered on the blockchain.

The community was furious and demanded Vitalik Buterin, Ethereum’s creator, to resolve the situation. Eventually, he gave in to the pressure and reverted all the transactions after the first theft occurred. 

The reversal of the Ethereum network was unprecedented in the whole history of cryptocurrencies. What Vitalik did indeed go against the main idea of blockchain, which implied the irreversibility of transactions

Of course, the hacks may be disastrous, but it paved the way for the idea to create a hard fork via Ethereum split. By gathering the developers internationally, they managed to come together and develop the concept further. And that is how Ethereum Classic was born. “Code is law” – this is the motto that ETC creators kept in mind.

On the contrary to any other projects, the community fully managed the project from the very beginning. A week after the official website was launched, the 

, signifying that other crypto markets officially acknowledged the new cryptocurrency. 

When comparing Ethereum vs Ethereum Classic, Ethereum positions itself as a global, open-source platform for decentralized applications. It aims to get adopted at a larger scale and to improve the network to serve the ever-growing number of users.

Ethereum Classic, on the other hand, aims to provide a permissionless way to manage digital assets and enable money transfer by smart contracts in the same way that Ethereum did at its early stages. Unlike the father chain, ETC’s goal is to preserve the systems in the classic state without any significant changes.

Technical Characteristics of Ethereum Classic

When comparing ETC vs. ETH, it’s worth noting the following technical aspects of the first coin. Launched as a hard fork of Ethereum, its derivative Ethereum Classic bears the same characteristics that the platform had in its initial version. The platform is still relies oon smart contracts that automatically transfer funds from one party to another. But only once the deal’s prescribed conditions are met. 

Throughout its history, Ethereum Classic has become a victim to a 51% attack several times. Such a type of attack implies taking control of more than half of the network, allowing attackers to double-spend the funds. 

Ethereum vs Ethereum Classic: The Retrospective

As Bitcoin still dominates the market by its capitalization, all the cryptocurrencies, including ETH and ETC, both follow its pattern, simplifying their price prediction. At the end of 2017, Bitcoin was charging towards its historical at that time. While the same happened to Ethereum and Ethereum Classic.

What is Revolving Around ETH and ETC Now?

The ICO boom in 2017 revealed the lack of scalability as the main problem of Ethereum. With the maximum capacity of 19 

 and the security issues that the platform faced in the past, it could no longer meet the market demand and provide the required security and decentralization level. That prompted Vitalik Buterin to set a new goal to switch Ethereum from PoW to PoS consensus. Mainly to resolve the scalability and sustainability issues.

 to support the ETH2.0, a few other teams such as Parity Technologies and Pegasys, Ethereum Foundation has been steadily moving towards its goal. And finally upgrading from ETH1.0 to Ethereum 2.0 at the end of 2020. Ethereum 2.0 Phase 0 was released on December 1st 2020, with the Beacon chain as the key innovation enabling staking. And the subsequent Phase 1 will go live somewhere in 2021. A few days after the launch, 

 moving on from Phase 0 to Phase 1, and 2 would mean the final switch to the long-awaited stage called “Serenity.” This upgrade aims to resolve the scalability problems that Ethereum struggled with and contribute to the system’s security and efficiency. 

, the ‘sharding’ technology will then be available for developers. It implies breaking the network into small parts or shards that will process many more transactions in parallel.

 of state execution would help to merge Ethereum 1.0 with shards, and the Beacon chain is called ‘Docking.’ After the last phase, Ethereum’s last switch to a totally different consensus will be complete. And smart contracts will be reintroduced.

Despite the adherence to the classic unalterable version of Ethereum, the team standing behind ETC implements some improvements to their project’s security. In addition to the ‘Mess,’ Ethereum Classic also added the ‘

 in November 2020. It aims to adjust the mining algorithm from Ethash to Etchash.

In March 2020, the project partnered with Chainlink to integrate decentralized oracles into Ethereum Classic. Making it possible for the network to operate with the outside world’s data.

Ethereum vs. Ethereum Classic: The Differences

The only thing that is now similar for both projects is their decentralized essence, as both are based on blockchain. The differences are as follows:

Ethereum Classic’s maximum supply has a limit of 210,700,000 coins.

As Ethereum Classic is based on the Proof of Work consensus algorithm, new coins are produced by mining. With the Proof of Stake consensus, Ethereum’s new coins are produced by minting.

The average transaction fee on Ethereum 

 while Ethereum Classic shows approximately 

What Should Investors Consider for ETH and ETC?

Ethereum has a great community, and a few companies standing behind its development interested in improving its scalability. Once the final switch with Ethereum 2.0 is over, the platform will finally scale and serve the ever-growing demand from the end-users. The Ethereum 2.0 is expected to 

 (TPS). And it’s possible through the implementation of shard chains.

Ethereum Classic, on the contrary, has never had such an intention as it remains in the same state that it was before the DAO hack. Its throughput index is still limited by 19 

. In which, it complicates its adoption, negatively influences the price, and makes Ethereum Classic’s future doubtful.

Ethereum remains one of the most popular blockchains due to its efficiency and deliverables for developers worldwide. However, Ethereum Classic doesn’t have such broad acceptance. Only a small part of the community has decided to move on with the classic approach while the others stood against it.

As of early 2021, Ethereum has been steadily keeping the 2nd position by the 

 giving away the first place to Bitcoin for the past few years. As many investors see the great potential of the project, they continue supporting it.

At the time of writing, Ethereum Classic is less popular as it hovers somewhere between the 60th and the 70th position. However, this could all change in the future.

With all the benefits that Ethereum 2.0 will provide developers, it has a much better chance for future growth. On the contrary, Ethereum Classic can be a better option for long-term investment. ETC price closely follows Bitcoin’s trail, which has slight opportunities to grow for any reasons apart from the overall market movements.

Yes, Bitcoin is still dominating the crypto industry. That means that the prices of both ETH and ETC will closely follow its pattern. However, Ethereum has higher chances for mass adoption thanks to PoS and Sharding, which makes it a less risky asset.

Ethereum Classic, on the other hand, has repeatedly encountered blockchain attacks. And there are no promises that it completely steers away from the prying eyes. However, the plan for ‘Thanos’ hard fork on the network could be a much looking forward upgrade to mitigate some of the risks it possesses.

Is Ethereum a Better Investment than Ethereum Classic?

However, Ethereum Classic may still be a good investment if you intend to diversify your crypto investment portfolio. Ultimately, the question you should be asking if ‘How much you’re willing to invest, how you want to invest, and what’s your ultimate goal?’

As Bitcoin hit new heights in early 2021, Ethereum did the same before consolidating slightly. However, with the bull run showing no sign of slowing down anytime soon, all other altcoins, including ETH and ETC, have high chances to follow the bullish trend.

Taking a closer dive on the difference between Ethereum vs Ethereum Classic does protrude a difference. Having emerged as a hard fork of Ethereum, its classic version has inherited its weaknesses. As the community runs the project, the chances for any significant improvements are minimal. Hence, making Ethereum a much better option for long-term investors.

With the new found knowledge in crypto, why not sign up to Bybit?

Ethereum (ETH) vs. Ethereum Classic (ETC): The Differences (2022)

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