Buying cryptocurrency should be accessible, safe, and simple. Bybit allows users in Europe to deposit fiat from their local bank account without leaving the platform. Here is a comprehensive guide on how to buy crypto with Easy Bank transfer on Bybit. In a few steps, you can easily set up your Bybit account, link your local bank account with Bybit via Easy Bank, deposit using Easy Bank Transfer, and purchase crypto.
Bybit is one of the biggest cryptocurrency exchange platforms. It is loved and used by millions because of its user-friendly interface, robust security features, and wide trading options.
Can I Buy Crypto with Easy Bank?
Absolutely! Easy Bank users can purchase cryptocurrency on Bybit via Easy Bank Payment with only a few simple steps. Bybit has a simple user interface and does not require you to be tech-savvy to understand how to use the platform. You can easily set up a Bybit account if you do not already have one. Then, you can link your local bank account with Easy Bank payment, fund the account, and buy crypto.
How to Buy Crypto with Easy Bank
Here are the steps to buy crypto with Easy Bank Payment.
Step 1: Create a Bybit account
Start by creating an account on Bybit if you are a new user; otherwise, skip this step.
To create an account on Bybit, follow these steps
1. Visit the Bybit’s official website
2. On the homepage, click the sign-up button on the top right corner
3. Fill in your information in the provided boxes, including your email
4. Verify your email by clicking the verification link sent to your email
5. Next, complete the KYC (know your customer) section. Here, you must submit personal identification documents and a selfie of yourself.
Congratulations! You now have a fully functioning Bybit account that is ready for transaction!
Step 2: Deposit funds
Now that you have set up your Bybit account, the next step is to deposit funds into your Bybit account to purchase crypto. Here is how to deposit funds into your Bybit account using Easy Bank Transfer.
1. When you are ready, select deposit from your dashboard and click the “Fiat Deposits” button on the deposit page. Enter the amount you wish to transfer from your Easy Bank account to Bybit.
2. Bybit will automatically take you to your bank to complete the payment. Review the transaction details, and if satisfied, proceed to confirm the transfer.
3. Your Bybitt account will be credited almost instantly. If it takes a bit longer, do not worry; sometimes banks take a few minutes to hours to process transfers. Once completed, the amount will be reflected in your new Bybit balance.
Step 3: Buy crypto
If you’ve made it to this stage, your Bybit account has been successfully funded by Easy Bank Payment, and the amount is well reflected in your Bybit balance. It’s time to buy cryptocurrency!!
1. Go to the buy crypto or trade section on the Bybit homepage.
2. Proceed to choose the particular currency you want to buy. Bybit supports diverse coins, including popular ones like Bitcoin and Ethereum.
3. Next, specify the amount of the crypto you want to buy or the amount of fiat currency you want to spend in the provided boxes.
4. Make sure to review these details before confirming the transaction.
Once confirmed, the cryptocurrency will be immediately credited to your Bybit wallet. It really is simple!
What Are the Fees?
Depositing funds from your easy bank account into Bybit attracts a fee of 0.08% of the amount been deposited. You will also be charged a fixed fee of 0.3 EUR regardless of the size of your deposit.
About Easy Bank
Easy Bank is a payment portal by Bybit that allows users to link any traditional bank account with the exchange. This way, users enjoy the perks of a trusted banking platform, such as secure online banking, excellent customer service support, and a wide range of services. Bybit and other similar financial and cryptocurrency platforms support Easy Bank Payment.
Bottom Line
Investing in digital assets such as cryptocurrency can be a hassle for less tech-savvy users. Buying cryptocurrency using Easy Bank on Bybit immensely simplifies the process. All you need to do is set up a Bybit account, link your Easy Bank account, deposit by Easy Bank Transfer, and proceed to buy the cryptocurrency of your choice.
