Bybit Pauses Deposits Through Bank Transfer: What Cryptocurrency Users Should Know


Cryptocurrency exchange Bybit recently announced the temporary suspension of USD deposits via bank transfers due to disruptions from their banking partner. 

Effective immediately, all USD deposits made through Wire Transfer (SWIFT). Wire Transfer (For US banks are no longer available on the platform.

The company has advised customers to use Advcash Wallet to make USD deposits, or they can use the One-Click Buy page to make their purchases with a credit card. 

For USD withdrawals via Wire Transfer (SWIFT). Wire Transfer (For US banks, these will still be available until March 10, 12 a.m. UTC.

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Bybit Users have been informed by the platform that they can extract USD quickly to avert potential disturbances.

The Exchange further reported that the exchange will soon introduce the Advcash Wallet Withdrawal service 

The Company reassured its customers that USD holdings are safe Bybit You are secure and guarded as the platform has been through strict security protocols in order to secure all capital.

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