Bybit Halts Deposits Using Bank Transfer: What Crypto Traders Should Know


Cryptocurrency Exchange Bybit on Saturday declared a stop to USD bank transfers, due to service issues by their partner. 
From the present moment, USD deposits via Wire Transfer (SWIFT). Wire Transfer (For United States Banks) are not possible. The proclamation stated that US banks were not available anymore.
The business suggested its customers to keep on depositing USD through the Advcash Wallet to purchase cryptocurrencies or to use their credit card on the One-Click Buy page. 
HoweverUSD withdrawals via Wire Transfer (SWIFT). Wire Transfer (For US banks) will stay active until March 10, 12 a.m. UTC.

Read Additionally: Gains Network Shines As A Rising Star In Arbitrum’s Booming $2B in DeFi Ecosystem
Bybit It also reminded users that they must withdraw USD as quickly as possible to avoid any troubles due to the present circumstances.
The company also mentioned that it will be introducing new USD deposit options soon. Concerning withdrawals, it said that it is currently exploring other options and will update users as soon as possible.

Cryptocurrency exchange Bybit has announced that it is temporarily suspending USD deposits via bank transfer. The platform went on to state that it would be launching the product in the near future.

The firm reassured customers that their USD assets are safe, and that their security is guaranteed as the platform is subject to stringent security procedures.

In addition, Bybit has also announced the launch of Advcash Wallet Withdrawal service.

Crypto traders should be aware that deposits using bank transfers are currently unavailable on Bybit, however they can be assured that their funds are secure. The exchange has assured that the product will be launched shortly.

Related articles

Recent articles