How to Buy Crypto on Bybit With Zero Fees (A Complete Guide)

Bybit’s globally recognized crypto exchange features an intuitive interface that eliminates the confusing crypto buying process for all users. Security and reliability are paramount at Bybit, and we’ve partnered with a wide range of payment providers and gateways who share these same values to provide a seamless crypto checkout system that helps you get BTC, ETH, XRP, USDT and more, using your local currencies. 

With Bybit, you can purchase crypto in a few quick ways — whether it’s via Bybit One-Click Buy (express checkout), credit and debit cards, peer-to-peer (P2P) trading or simply exchanging assets on the Spot market. We optimize and absorb most of the transaction costs, offering zero-fee crypto buying services so you can accumulate more crypto. 

In this guide, we’ll explore the different ways to safely obtain crypto on Bybit without fees.

Key Takeaways:

• Bybit features over 10 payment methods to help you easily and securely buy crypto. 

• Some payment methods have zero fees, meaning users enjoy better flexibility to buy crypto anytime they want without the hefty costs. 

• Buying crypto on Bybit is beginner-friendly, seamless and quick.

The Benefits of Buying Crypto on Bybit

There are numerous benefits to buying crypto with Bybit. 

Security and Reliability

Bybit’s platform uses advanced technology to protect your funds and personal information. In addition, we offer a wide variety of cryptocurrencies for you to choose from, including BTC, ETH, USDC, USDT and XRP. 

Traders and buyers from around the globe can obtain cryptocurrencies with their local fiat, including EUR, JPY, HKD, GBP, TRY, MYR, PHP and more. 

World-Class User Interface and Payment Options

Bybit’s platform features a user-friendly interface that makes it easy for both beginning and experienced traders to navigate, as well as a wide range of payment options for users to buy cryptocurrencies. For example: 

• Bybit P2P: Features an easy-to-use platform to facilitate the direct buying, selling and exchange of cryptocurrencies using fiat currencies at optimal, agreed-upon prices.

• Bybit One-Click Buy: This useful feature allows users to buy and sell coins through any of our supported payment methods — P2P Trading, Credit Card Payment, Third Party Payment like bank transfers, wire transfers, Google Pay and more.

• Fiat Deposit: Allows you to transfer fiat currency to your Bybit Funding Account. After that, you can purchase crypto coins anytime with the fiat balance in your Funding Account. 

Unparalleled Customer Support

In addition to the above benefits, Bybit offers 24/7 multilingual customer service. Whether you have a question about how to buy crypto or you're facing technical issues, you can always reach out to our support team for assistance. Furthermore, Bybit provides educational resources to help you better understand the crypto market, including trading guides, market analysis and webinars.

Zero Fees 

Perhaps the most attractive benefit of all when using Bybit is the opportunity to buy crypto without paying hefty transaction fees. This can significantly increase your profits, especially if you're a frequent trader. 

In the following sections, we’ll explain how to take advantage of this benefit in detail.

Learn more: Bybit Fees: Everything You Need to Know Before Trading Crypto [Updated]

Step-by-Step Guide: How to Buy Crypto on Bybit

If you're new to Bybit, don't worry — because buying crypto on the platform is a straightforward process. Here's a step-by-step guide to help you.

Step 1: Register for a Bybit account. Visit the Bybit website and click on the Sign Up button. You'll need to provide your email address and create a password. After you've completed the registration process, log in to your account.

Step 2: Fund your Bybit account. 

Buy Crypto via Credit/Debit Card:

• To enter the One-Click Buy page, click on Buy Crypto → One-Click Buy at the top left corner of the navigation bar. 

• Select the fiat currency with which you wish to pay.

• Select the coin you would like to receive in your Funding Account. 

• Enter the purchase amount. You can enter the transaction amount based on either fiat currency or coin amount according to your needs.

• Select Bank Card and click on Add Card. 

• If you’re using a credit/debit card payment for the first time, please add your credit/debit card information first and click on Continue after ensuring your bank is supported. If you’ve already added your card, choose the card you would like to use and click on Deposit.

•  Click on Buy With (Fiat of your choice).

• Please confirm that your entered details are correct, and click on Confirm.

• While your order is being processed, you may be prompted to enter a one-time passcode or confirm the transaction from your bank app. The crypto will be credited to your account immediately upon successful completion of the transaction. 

• Once the transaction is completed, click on View Asset to check your balance.

Find out more about the Transaction Fee Rate for Credit Card payments. 

Buy Crypto via P2P

The fee structure of P2P trading corresponds to two types: Taker and Maker.

• The Taker is the user who buys or sells coins by placing an order through existing advertisements on the P2P platform. 

• The Maker is the user who posts trade advertisements. 

 P2P on Bybit offers zero transaction fees for Takers and Makers. 

• Click on Buy Crypto, then select P2P Trading in the top left corner of the navigation bar to enter the P2P trading page. 

• On the Buy page, filter advertisers by entering your desired criteria for Coin Type, Amount, Fiat Currencies and Payment Methods, based on your transaction needs. 

• Choose your preferred advertisement, and click on Buy USDT/BTC/ETH.

• Enter the amount of fiat you want to pay or the amount of coins you want to receive, and click on Buy to proceed. 

• Click on Payment Completed once you've completed the payment. 

• Once the seller has successfully released your purchased coins, you can check your assets in your Funding Account. You can also check your order status from the P2P Order History. 

• If the seller fails to release the coins after 10 minutes, you can click on Submit Appeal. Our customer support team will reach out to you.

Buy Crypto for Zero Fees With Bybit P2P

Buy Crypto via Apple Pay/Google Pay

You can now purchase cryptocurrencies with more than 36 fiat currencies on Bybit using Apple Pay and Google Pay on the One-Click Buy page.

• Follow all instructions as listed above for Credit/Debit Card (until Payment Method).

• Select Apple Pay/Google Pay as your Payment Method.

• Click on Buy With (Fiat of your choice).

• Choose the deposit account and check the payment details carefully before confirming your order. 

• To link your Apple Pay/Google Pay account for the initial deposit, click on Continue in the pop-up window. 

• Once you’ve successfully added/chosen your bank card, click on Confirm to proceed.

• Enter the security code for your selected card, and click on Verify.

• You may need to add a billing address for your current deposit in Apple Pay/Google Pay, which will be stored once the transaction is completed. 

• Next, enter the security code and click on Spend in Apple Pay/Google Pay. 

• After the transaction is processed, you’ll receive a notification of your deposit status. If it is successful, the assets will be credited to your selected account within 48 hours. If not, the notification will indicate the reason for failure and you’ll be advised to try again later.

From Aug 2, 2024, 10AM UTC–Aug 30, 2024, 10AM UTC, you can enjoy zero fee transactions on Bybit when paying a minimum of 100 USDT or equivalent with Apple Pay.

Buy Crypto via Fiat Balance

If you wish to pay using your fiat balance on Bybit, you must first transfer fiat currency to your Bybit Funding Account by going to Buy Crypto→Fiat Deposit page. Note that fees may be associated with your fiat deposit, depending upon the fiat currency and payment method that you’ve selected.

• Buying crypto via Fiat Balance can also be accessed through the One-Click Buy page.

• Select the fiat currency in which you want to pay (e.g., BRL). 

• Select the coin you want to receive in your Funding Account and enter the purchase amount based on fiat currency or coin amount, according to your preferences. 

• Select (in this case) BRL Balance as your payment method.

• Click on Buy With BRL.

• Confirm that the details you’ve entered are correct, and then click on Confirm. Once your transaction is complete, the crypto coin will be deposited into your Funding Account within one to two minutes. 

Buy Crypto via Third Party

Third-party payment is another method with which you can buy crypto on the One-Click Buy page. Currently, three types of crypto are accepted via third-party payment: Bitcoin (BTC), Ether (ETH) and Tether (USDT). 

• After selecting the fiat currency and deposit amount, pick a payment method listed under Third Party and click on Continue to be redirected to the Third Party deposit page.

• At the Third Party deposit page, select the fiat currency in which you wish to pay, and the coin you want to receive in your Bybit account. A list of eligible sellers will be filtered, according to your preferences.

• Upon picking your preferred service provider, you’ll be redirected to the third-party payment provider’s official webpage to complete the transaction.

Buy Crypto via Convert 

With Bybit Convert, you can instantly exchange or convert one cryptocurrency to another by leveraging the exchange's order books. The exchange rates for conversions are based on the best quote prices from several market makers, according to the current index price for the assets involved.

• Select Trade in the navigation bar and click on Convert. You can also click on Convert from the Funding Account, Unified Trading Account or Derivatives Account (or Inverse Derivatives Account) page. Alternatively, you can go to the Assets column on the right side of the Derivatives trading page and click on Convert.

• On the Convert page, choose the account for which you'd like to carry out the conversion. 

• Select the asset that you want to convert.

• Enter the amount you want to convert, and click on Convert.

• Double-check the details, then click on Confirm to convert your assets.

Buy Crypto via Auto-Invest

Auto-Invest is another option which can be accessed via One-Click Buy.

• At the One-Click Buy page, click on Auto-Invest on the menu bar, or locate it beneath the Buy With Fiat button.

• To create your Auto-Invest plan, follow the steps below:

• Choose the fiat currency or cryptocurrency you want to pay with and select the coin you want to purchase.

• Enter the amount of fiat currency or crypto you would like to purchase with.

• Set the frequency by choosing either a Daily, Weekly, Bi-Weekly or Monthly interval. You can also select the date and time for your Auto-Invest plan.

• Make sure all of your plan’s details are correct. Tick on the box stating I have read and agree to Bybit's Terms of Service and Privacy Policy, and then click on Confirm.

Buy Crypto With Bybit Card

Bybit Card is a Mastercard crypto debit card that lets you off-ramp your crypto assets quickly and safely for crypto transactions around the world. It can also be used for crypto purchases on Bybit. Every time you make a transaction, you’ll also earn loyalty points, which can then be redeemed for attractive rewards such as cashback. Bybit Card is now supported on Apple Pay (EEA only), Google Pay (EEA and AU), Samsung Pay and more (EEA only).

You can apply for the virtual or physical version of the Bybit Card. The virtual Bybit Card lets you make online payments once you’ve successfully applied. Meanwhile, you can make both online and contactless payments in retail stores with a physical Bybit Card.

To buy crypto with your Bybit Card, you’ll first have to activate it. You can apply for a virtual Bybit Card from your dashboard. Once your account has been verified, you can apply for the Bybit Card. The virtual Bybit Card is issued automatically once the application is successful. You must first obtain a virtual card in order to apply for a physical card.

After obtaining your card, you’ll need to fund it by purchasing crypto with the Buy Crypto terminal on Bybit, which will be used to facilitate transactions using your Bybit Card.

How to Avoid Paying Fees When Buying Crypto on Bybit

In order to avoid paying fees when buying crypto on Bybit, it’s important to understand the differences between the payment methods you’ve chosen to proceed with. 

Depositing EUR to the platform and using the Spot market to receive USDC in return involves market orders and limit orders, which incur a fee. 

However, you'll be exempted from deposit fees if you deposit local fiat currencies to the platform using Bybit Fiat. Most fiat currencies — such as HKD, TRY and more — are entitled to zero-fee programs. However, there are exceptions for some currencies. Users are encouraged to check the notification box before confirming their order checkout. 

Users who want to avoid paying fees when buying crypto on Bybit can also opt for Bybit P2P to get exactly what they’ve asked for when exchanging currencies with peers. Bybit helps facilitate the buying and selling of two users' holdings at an optimal, agreed-upon price without taking a cut from the transaction.

Another way to avoid paying fees is through Bybit Convert, which allows for quick and slippage-free conversions by capitalizing on the exchange's order books. Bybit efficiently matches your request with an appropriate order, ensuring a swift and seamless conversion without slippage.

Risks and Rewards of Buying Crypto on Bybit

As with any investment, buying crypto with Bybit comes with its share of risks and rewards. The primary risk is the volatility of the crypto market. Cryptocurrency prices can fluctuate dramatically in a short period, which can result in substantial losses.

On the other hand, the primary reward is the potential for high returns. Cryptocurrencies have been shown to offer substantial returns over the past decade, with Bitcoin being the most notable example. Furthermore, by trading on Bybit, you can maximize your profits using different contracts and trading strategies.

Here’s an overview of the products you can consider.

Bybit Spot: Using the Spot market to buy or sell cryptocurrencies at the current price immediately delivers the cryptocurrency traded.

Bybit Perpetual/Futures: Users can sign agreements to buy or sell an underlying asset at a predetermined price and specific date in the future. Traders can take a long or short position, depending upon their outlook. Long positions are common for traders who predict a price increase; however, traders may short a position hoping to benefit from price declines.

Bybit Options: European-style cash-settled Options allow users to execute call or put options upon contract maturation. A call Option gives a buyer the right, but not the obligation, to purchase an asset at a set price on an expiration date. Likewise, a put Option gives a buyer the right to sell an asset at a predetermined price upon expiration.

The Bottom Line

It’s possible to buy cryptocurrency on Bybit without paying fees, which can significantly increase your profits. By understanding how Bybit's fee schedule works, as well as the chosen type of payment gateway, you can effectively trade without paying a dime in fees. 

Remember, however, that while trading without fees can increase your profits, it doesn't eliminate the risks associated with crypto trading. Always trade responsibly and invest only what you can afford to lose. 

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