Bybit Fiat-to-Crypto Frenzy is a worldwide rewards scheme with a total pool of 97,200 USDT available to new participants. Warm-up campaign is scheduled to be held from 12 January 2026, at 10 a.m. UTC to 15 April 2026, at 11 p.m. UTC.
New customers have to sign up and go through Identity Verification Level 1 in order to be able to take part in the event and get rewards. Bybit, the leading crypto exchange with the second-largest trading volume worldwide, is looking to attract newbie traders to its platform.
The exchange literally opens the doors to the world of crypto with local fiat channels such as P2P Trading, Fiat Deposits and One-Click Buy that make it easy for customers to get their hands on digital assets. The Frenzy is all about not only the main coins but also the latest altcoins.
Bybit launches 97,200 USDT Frenzy for newcomers. [ChainBits]
How Do Participants Earn Lucky Draw Tickets?
Users are awarded Lucky Draw tickets by completing certain onboarding activities on the Bybit Rewards Hub. Those activities are, for example, depositing at least 20 USDT via P2P or other acceptable fiat channels. One also has to spend a minimum of 25 USDT through Bybit Pay and make trades totalling 100 USDT in both spot and derivatives markets.
Each completed activity allows the participant to enter the weekly USDT lottery draw. The tickets can be converted to USDT prize entries, but the distribution is based on the first-come, first-served rule. There is a possibility that some rounds could allocate the entire prize before the end of the campaign.
The users’ Rewards Hub accounts will be credited with the rewards within 14 working days after the conclusion of the event. It will be up to the users to claim their credit, as it will not be done automatically.
Why Does Bybit Highlight Fiat On‑Ramp Services?
Bybit has put a spotlight on its fiat-crypto on-ramp services in the Frenzy campaign. With access to a selection of over 300 cryptocurrencies, users are allowed to purchase the most notable tokens like USDT, BTC and ETH.
Alongside these coins, the exchange also offers other desirable altcoins like DOGE, LAYER and MNT. Bybit P2P Trading is a two-way trading platform that the company touts as efficient and quick to get through. Such a service is in addition to its Fiat Deposit and One-Click Buy services, thus facilitating wider participation.
By simplifying and allowing support in local currencies, Bybit’s strategy aims to make it easier for potential crypto users to get on board.
Fiat access leads to broader crypto engagement. [InstaForex]
Who Is Eligible To Participate In This Global Campaign?
The Bybit Fiat-to-Crypto Frenzy campaign is available for participation to new users globally, apart from a few exceptions and limitations. The users who are citizens of or residing in the European Economic Area will not be able to partake in the campaign or get any rewards.
Only users from India, Vietnam and the Philippines will not be able to get the rewards because of the Bybit Pay tasks. More country and regional restrictions will also be in accordance with Bybit policy.
What Does This Mean For Bybit’s Global Growth?
Bybit has managed to expand its global user base to more than 80 million since it started operations in 2018. The firm is also in the process of pushing deeper into Web3 and decentralised finance through blockchain partnerships.
To do that, they are rolling out this new rewards program, which will facilitate the engagement of less experienced users with fiat currencies and thus make their acquisition through crypto easier. By that, Bybit seems to rank the adoption of the mainstream market as the major frontier of the future.
The rewards campaign could be one of the major factors behind the increase in trading and onboarding volumes in the coming months. The company aims to change the behaviour of casual observers into active traders by incorporating P2P trading with other fiat on-ramps.
Bybit’s user‑centric incentives may accelerate adoption. [Business Standard]
What Are The Risks And Restrictions Participants Should Note?
However, users must be aware that the ability to participate in the campaign is dependent on the specific regulations in their region as well as the local laws. The regions that are not included in the offer will not be able to participate or receive any campaign rewards.
The conditions for participation also require users to go through the identity verification process and fulfil the necessary deposit and trading requirements. Just like in any other crypto rewards program, the prizes available during the weekly draws are likely to be exhausted quickly.
Bybit’s terms of service state that the prize pool is limited and that winners may be determined even before the conclusion of the event. All users will also have to monitor their earnings through the Rewards Hub and take their USDT within 14 working days post the end of the frenzy. Those interested in the promotion should check the specific conditions on Bybit’s official website to avoid non-compliance.
Also read: US Senate Delays Crypto Legislation 2026 After Major Opposition
FAQs
Q1: Who can enter the Bybit Fiat‑to‑Crypto Frenzy?
A1: New users who register and complete Identity Verification Level 1 during the event period are eligible.
Q2: What tasks earn entries in the campaign?
A2: Tasks include depositing 20 USDT, spending 25 USDT with Bybit Pay and trading 100 USDT across markets.
Q3: How are rewards distributed to winners?
A3: Rewards are credited to the user’s Rewards Hub account and must be manually claimed within 14 working days.
Q4: Are there geographic restrictions?
A4: Yes, users in the European Economic Area, India, Vietnam and the Philippines face limitations or exclusions.
