Auzzi Shopping

Men's Weekly

.

Bybit Introduces a New Era of Hassle-Free Crypto Lending

  • Written by Auzzi Shopping

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 2 May 2023 - Bybit, the third most visited crypto exchange in the world, has announced the launch of its new lending service: Bybit Lending.

This cutting-edge product lets users earn high-interest payouts on their idle crypto assets.

Bybit Lending offers a high APR, making it a convenient and lucrative way for users to earn passive income. Interest is paid hourly and users can deposit and redeem their funds anytime, allowing them to make the most of market fluctuations. The product also benefits from Bybit's state-of-the-art risk management systems, ensuring users' assets are secured throughout the lending process.

By following four straightforward steps, users can embark on their lending journey with Bybit via the website or Bybit App version 4.16, making the lending product accessible for new and experienced clients alike. Lenders simply contribute their idle crypto assets to a pool to earn interest payouts.

Borrowers can utilize loans for multiple earning strategies, such as trading Bybit's perpetual contracts or capturing a spread using Bybit Earn. All borrowers will post collateral greater than/equal to the loan amount to ensure the safety of lenders' capital.

Bybit Lending is an intermediary, bridging the gap between borrowers and lenders in the crypto environment. And with Bybit's enhanced KYC, AML, and proof of reserves, the process is as transparent as it is seamless.

"At Bybit, we believe in offering our users multiple avenues to generate passive income," said Ben Zhou, co-founder, and CEO. "Bybit Lending allows users to utilize strategies such as borrowing from liquidity providers, carry trading, and taking advantage of high APR, giving our users various new options to grow their wealth."

"By offering attractive returns on idle cryptocurrencies, we are again bringing next-level opportunities to our users in the area of capital efficiency," said Zhou. "This is another step on our mission to making the world of Web3 more accessible and uncomplicated."

More From Bybit


Hashtag: #Bybit #NextLevelProducts

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund.

For more information please visit:

For updates, please follow:










Today's Features at Auzzi

Electrician Sydney: Trusted Electrical Services for Homes and Businesses

Electricity powers modern life, from lighting and appliances to data networks and industrial equipment. When it comes to installation, repairs, and maintenance, hiring a licensed electrici...

3 Essential Home Services You Should Always Hire a Professional For

Looking after a home is rewarding, but it often comes with challenges that test patience, time and skills. While painting a wall or assembling new furniture may be manageable, certain househ...

Essential Home Maintenance Tips to Keep Your Property Safe and Comfortable

Owning a home comes with a mix of pride and responsibility. Regular maintenance is crucial not only to preserve the value of your property but also to ensure it remains a safe and comfortabl...

How to Protect Your Home While Boosting Efficiency

Creating a home that is both secure and efficient requires thoughtful planning and practical upgrades. Many Australian homeowners underestimate the benefits of combining safety with energy e...

3 Ways to Refresh Your Home After a Long Summer

As the heat of summer begins to ease, many households start looking for ways to refresh their living spaces. The transition into cooler months is the perfect time to make small but impactful...

Why Choosing the Right Digital Marketing Agency in Melbourne Drives Business Growth

From social media engagement to search engine visibility, having a strong online presence has become essential for long-term success. For businesses in Victoria, partnering with a digital ...

Kwikstage Scaffolding: A Reliable System for Safe and Efficient Construction

The construction industry depends on safe, adaptable, and efficient access solutions to complete projects of all sizes. Among the many systems available, kwikstage scaffolding has become ...