JOHANNESBURG, SOUTH AFRICA – (AfricaNewswire.net) — Bybit, one of the world’s leading cryptocurrency exchanges, has launched a fiat on-ramp service for the South African Rand (ZAR). This means users can now deposit ZAR directly into their Bybit account through local bank transfers, including instant EFT, and start trading digital assets without expensive middlemen.
Joshua Yau, Bybit’s Global Regions Executive, expressed enthusiasm about the expansion, stating, “This marks a significant milestone for Bybit as we bring access to global leading products to the passionate crypto community in South Africa in line with regulatory requirements. This marks an important step in our compliance efforts. We are committed to providing a secure and seamless trading experience, industry-leading trading tools, and low-cost access that empower our users.”
With this upgrade, buying Crypto in South Africa has become more straightforward and fuss-free. Traders no longer need to rely on costly third-party services to fund their accounts. Instead, they can instantly top up with ZAR and access Bybit’s deep liquidity, low trading fees, and a wide range of cryptocurrencies. Whether wishing to buy USDT, Bitcoin, Ethereum, or other tokens, the process is smooth, secure, and designed for South African users.
Traders must provide the required documents on their first transaction and follow the directions to easily make their instant EFT through OZOW while remaining on the Bybit Website. The funds will then appear immediately in their Bybit account as USDT.
Implementing ZAR on-ramping and off-ramping in South Africa highlights the growing importance of South Africa as a crypto hub. With a user-friendly interface, strong security, and innovative products, Bybit is positioning itself as the most renowned crypto exchange in South Africa for both beginners and experienced traders.
Traders looking for the easiest way to deposit ZAR, buy Bitcoin, and trade crypto in South Africa, have been given a reliable gateway into the world of digital assets.
Bybit Fintech FZE is a Juristic Representative of Altify SA Capital (Pty) Ltd, an authorised financial services provider (FSP no. 52727), registered under South African company number 2022/321703/07.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralised world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3.
Media Contact
Sylvester Okoro, Head of Social Media
+2348161202016
Sylvester.okoro_os@bybit.com
This press release is issued through AfricaNewswire.net™ (www.africanewswire.net) – a newswire service for Africa and it is distributed by EmailWire™ (www.emailwire.com) – the global newswire service that provides Press release distribution with guaranteed results™.