On August 1, Bybit, one of the prominent cryptocurrency exchanges unveiled a listing of 15 new digital assets on Convert. By August 02, 2024, the exchange will list 15 assets including WELL, AVAIL, PIXFI, TAI, A8, SPEC, PIRATE, DEGEN, XZK, ULTI, MCG, ROOT, AIOZ, ZKF, and, TST.
The exchange announced the exciting news over X (formerly Twitter).
Source: X
Bybit Convert is a newly introduced, user-friendly feature on the Bybit exchange that allows users to seamlessly convert their crypto assets without any fees or slippage. With the latest update, Bybit Convert now offers support for over 280 cryptocurrencies, allowing for effortless asset conversions without any fees.
Currently, conversions can only be performed through Spot, Funding, Derivatives, Inverse Derivatives, and Unified Trading Accounts. Users must transfer their funds to one of these accounts before initiating a conversion.
Additionally, bonus balances cannot be converted to other coins, but they will remain intact even after submitting a conversion request. The real-time exchange rate is determined by the best quote price from several market makers, based on the current index price.
To convert assets on Bybit, users should first select "Trade" in the navigation bar and click "Convert," or access the Convert option from the Funding, Unified Trading, or Derivatives Account pages. Alternatively, they can use the Assets column on the Derivatives trading page.
Additionally, if the real-time rate and quoted rate differ by more than 0.5%, the order will be canceled, and users will need to retry. Apart from new token listing news, Bybit announced its exit from France amid recent regulatory developments from the French regulator.
The exchange is now supporting 20+ digital assets for purchasing cryptocurrency at zero fees on transactions on Apple Pay. Individuals are allowed to purchase digital assets until August 30, 2024, 10 AM UTC.
Moreover, To utilize the One-Click Buy feature, users should first navigate to the One-Click Buy page. Next, they need to select their preferred cryptocurrency and the currency for payment. After that, they should choose Apple Pay as their payment method. By following these steps, users can enjoy transactions with zero fees.
Bybit continues to expand its offerings with the addition of 15 new digital assets on Convert and supports over 280 cryptocurrencies for seamless conversions. Despite its exit from the French market due to regulatory changes, Bybit remains committed to providing innovative features like One-Click Buy with zero transaction fees, ensuring a user-friendly experience for its global customer base.
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