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

From Fear to Comfort: How Modern Dentistry Is Winning Over Patients

Modern dentistry is undergoing a profound transformation, reshaping how patients perceive routine dental visits. Historically, many individuals have approached dental care with apprehensio...

3M Double Sided Tapes and Precision Bonding for Everyday Applications

Adhesive solutions play a quiet but critical role across industries, and 3M double-sided tapes are widely trusted for their consistency, strength, and versatility. Designed to bond surfac...

Mining Hose Solutions Built for Extreme Industrial Conditions

In high-impact mining environments where abrasive slurries, heavy solids, and demanding operating cycles are the norm, choosing the right hose is a critical decision. A mining hose is eng...

Why Local Knowledge Makes the Difference in Effective Security Solutions Across Brisbane

Brisbane businesses are faced with a rising number of challenges. Hiring security companies remains one of the most effective solutions. Did you know that Brisbane businesses prefer local se...

Shotcrete Concrete and Strength Built Into Modern Structures

In construction environments where strength, speed, and adaptability are essential, shotcrete concrete has become a trusted solution for a wide range of structural applications. Unlike tradi...

Split Corrugated Conduit and Safer Cable Protection in Modern Installations

Electrical and data cabling form the nervous system of modern buildings and infrastructure, and protecting those cables is essential for safety and longevity. Split corrugated conduit has...

Fearless Smiles: Mastering Sleep Dentistry for Dental Anxiety

For many Australians, the mere thought of a dental chair triggers a physiological response: racing hearts, sweaty palms, and an overwhelming urge to cancel the appointment. Dental phobia i...