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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The year 2023 was an eventful one for crypto, with exciting highlights and not-so-great moments. Stepping into 2024, it's hard to tell what the future will hold for cryptocurrency, even though experts predict a potential bull run based on specific trends and upcoming events. However, it's too early to tell with certainty. 

Here are some of the significant trends and developments that could shape the future of digital money.

Why Does Crypto Have a Bullish Outlook for 2024? 

Crypto’s future looks promising in 2024 for a few key reasons. First off, potential approval looms for a Bitcoin spot ETF. The U.S. Securities and Exchange Commission (SEC) has 

 its decision on proposals for spot Bitcoin ETFs from BlackRock and other major entities until January 10, 2024. A Bitcoin spot ETF would make it easier for more investors to get into Bitcoin without needing their own digital wallets, likely boosting its demand and value. 

 expected in April this year could make Bitcoin even rarer and more valuable. This event happens every four years and cuts the creation of new Bitcoin in half, potentially pushing prices higher. 

Also, there's a growing interest in regulating crypto. If laws are put in place by the U.S. Congress and other regulators this year, it could bring more stability and credibility to the crypto world, protecting investors and encouraging more innovation and acceptance.

What Does the End of the U.S. Interest Rate Hike Mean for Crypto? 

 interest rate hikes and is considering lowering interest rates in 2024. This move could affect the crypto market in several ways. Firstly, it's likely to spark increased interest in riskier assets like cryptocurrencies and related stocks because they offer higher returns than traditional investments. The excitement surrounding Bitcoin ETFs and the upcoming halving will likely intensify this trend. 

, such as treasuries, may slow as these investments become less attractive due to lower interest rates. Instead, investors may turn to decentralized finance (DeFi) platforms that allow them to earn better returns by lending and borrowing using crypto assets. 

Generally, lower interest rates could be good news for the crypto market. Cryptocurrencies may be seen as a way to protect against inflation and currency devaluation, especially as they have limited supply and are not controlled by any central authority. This sentiment makes them an appealing option in a low-interest-rate environment.

Key Events and Trends That Could Be Game Changers for Crypto 

Besides macroeconomic and industry factors, specific events and trends may impact the crypto market in 2024.

 is a process that happens every four years, and it reduces the reward for mining new Bitcoin blocks by half. The next halving is expected to take place in April 2024. This event is important because it can have a big impact on the supply and demand of Bitcoin, which in turn affects its price. 

In the past, after halving, there has been an increase in the value of Bitcoin because the supply of new Bitcoin gets reduced, making it more valuable. However, it's difficult to predict exactly what will happen this time, as it depends on factors like the mining difficulty, the hash rate, 

 and competition from other cryptocurrencies.

Circle Internet Financial, LLC (issuer of USDC stablecoin) is a crypto platform that offers trading, lending, borrowing, staking, and earning services. A Bloomberg report 

 the company is considering going public in 2024, meaning it will become publicly traded. This move aims to encourage the widespread use of cryptographic stablecoins, which are more stable than other cryptocurrencies. 

This widely anticipated IPO is expected to bring more credibility and visibility to the world of cryptocurrencies and attract more investors and users to the platform. However, going public can also bring challenges like regulatory scrutiny, market volatility, and competition from other platforms.

 upgrade is a major upgrade to its network that aims to make it faster, more secure, and more eco-friendly. Set to launch in early 2024, this upgrade will introduce “Proto-Danksharding,” which will reduce fees for layer 2 rollups and increase available data storage space. If successful, Dencun could make Ethereum more efficient and affordable for users while also reducing its energy consumption. 

Still, the upgrade faces challenges such as the intricate engineering involved, the need for efficient coordination and communication among the developers and the community, the possibility of encountering bugs and vulnerabilities during the testing and deployment phase, and the unpredictable and fluctuating nature of the cryptocurrency market.

Following its collapse in 2022, the popular crypto exchange FTX has been involved in several 

. Individuals, other companies and government agencies have accused FTX of market manipulation, fraud, money laundering, unfair competition and breaking securities laws. The outcome of these cases could significantly affect the regulation and operation of digital currencies, and how people buy and sell them.

Crypto events are gatherings where people interested in cryptocurrency get together to share their experiences, insights, and ideas about the industry. These events can take place both online and offline, and they could either be formal or informal, covering different topics like technology, business, education, and entertainment. 

Some of the most notable events in 2024 include 

, the biggest and most influential crypto conference in the world; 

, the yearly Ethereum developer conference; and 

, the year’s foremost annual Bitcoin event. Crypto events positively affect the industry because they help founders, developers, investors, brands, policymakers, and more make connections, learn new things, work together, and develop new ideas.

Institutional adoption is when large and established organizations like companies, banks, and governments use cryptocurrencies more. It's expected that this trend will continue in 2024. This development is good for cryptocurrencies because these organizations will push more funds into the crypto ecosystem, boosting liquidity and market stability. 

The involvement of institutions in crypto will also drive the growth of relevant infrastructure to support their activities. Custody solutions, exchanges and compliance frameworks will continue to evolve, fostering greater trust and adoption.

Crypto regulations are rules and standards controlling how people use digital currencies like Bitcoin, Ethereum, etc. These rules cover taxation, licensing, reporting, and following specific guidelines. The regulations around crypto can either help the industry grow by providing clarity, safety, and incentives to users or make it harder for people to use by creating barriers and penalties. 

Some examples of crypto rules that might happen in 2024 include the U.S. government passing the so-called 

, so people don't have to pay capital gain taxes on small crypto transactions. The European Union could also implement the 

, creating a set of rules that apply to all countries in the union. However, on the downside, the Chinese government's 

 on all crypto activities within its border, including mining, trading and holding, could remain firmly in place.

NFT and Web3 Ordinals Making a Huge Comeback

Non-fungible tokens (NFTs) are digital assets that allow creators to claim ownership of their digital content, such as art, music, and even real estate. NFTs are reshaping how people own and value digital assets and are set to become mainstream in the next few years. 

Although the value of NFTs took a hit after the 2021-2022 boom, there is promising news that they might make a comeback, especially on the Bitcoin network. Bitcoin is becoming a popular platform for NFTs, and has seen a sharp rise in daily transactions. These 

 (NFTs on the Bitcoin network) have seen a spike in daily transactions, hitting a 

 trading volume in December 2023. With the increasing competition and innovation in the NFT market, the crypto and web3 space is expected to experience exciting changes this year.

 is the process of making new bitcoins by solving complicated math problems. This process also secures the Bitcoin network and verifies transactions. However, mining demands a lot of electricity and computing power, which can be a problem for the environment and the future of cryptocurrencies.

To address these concerns, many miners now use renewable energy sources like wind, solar, and water power to generate electricity for their mining activities. Some miners also use a byproduct of oil and gas extraction called stranded gas to mine Bitcoin while reducing waste and pollution. These practices show that Bitcoin mining can be environmentally friendly and contribute to a sustainable future for crypto.

How to Prepare for the Potential Bull Run

2024 is expected to be a big year for cryptocurrencies, with many experts predicting a significant increase in their value. However, investing in cryptocurrencies can be risky, so it's essential to be prepared and have a clear plan. 

Here are some tips to help you get ready.

Volatility is notorious in crypto investment. However, with sufficient planning and hedging, implementing strategies against these fluctuations can be effective if done correctly. Bybit offers a full suite of product and service offerings to help you plan your crypto investments ahead of time. 

Here are some products you can consider. 

: Subscribe to this non-principal-protected, short-term structured product that pays off if BTC’s price moves outside a predetermined range. It’s perfect for traders looking for short-term returns and anticipating strong market movements. You can also use it to hedge or leverage against spikes in volatile markets.

: Crypto trading bots are automated computer programs that can help you buy low and sell high (i.e., place buy and sell orders at predetermined intervals within a predefined price range) in order to capitalize on price fluctuations, especially in a volatile 24/7 crypto market. 

: For traders looking to manage risk and capitalize on market movement, options are a popular investment strategy. Crypto options, for example, are contracts that allow the trader to buy or sell an asset at a specified price within a given time frame or by a specific expiration date. 

 (UTA), traders can better hedge their positions without separating their accounts for different Derivatives products, so margins won't require additional capital for offsetting risks.

Get Ready for 2024’s Bull: Key Crypto Trends & Events to Look For

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