Bybit has officially launched its new Fiat-to-Crypto Frenzy campaign, unveiling a 97,200 USDT prize pool aimed at onboarding new users through its fiat gateways. The promotion encourages first-time participants to explore Bybit’s P2P Trading, Fiat Deposit, and One-Click Buy services while earning rewards through a task-based Lucky Draw system.
Campaign Timeline and Eligibility
The campaign runs from January 12, 2026, at 10:00 AM UTC through April 15, 2026, at 11:00 PM UTC. Participation is limited exclusively to newly registered users who complete Identity Verification (KYC) Level 1. Rewards are distributed from a total pool of 97,200 USDT, with users earning Lucky Draw tickets by completing qualifying activities through the Bybit Rewards Hub.
How Users Can Earn Lucky Draw Tickets
Eligible participants can collect Lucky Draw entries by completing the following tasks:
- •Deposit Task: Deposit a minimum of 20 USDT using P2P Trading, Fiat Deposit, or One-Click Buy.
- •Payment Task: Spend at least 25 USDT using Bybit Pay.
- •Trading Task: Execute trades totaling 100 USDT or more across Spot or Derivatives markets.
Each completed task grants Lucky Draw tickets, which can be redeemed for a chance to win USDT rewards from the campaign pool.
Key Rules and Participation Limits
The Fiat-to-Crypto Frenzy campaign operates on a first-come, first-served basis, meaning rewards may be fully allocated before the official end date. Winners must manually claim rewards through the Rewards Hub within 14 working days after the event concludes. Several regional restrictions apply. Users residing in the European Economic Area (EEA) are not eligible to participate. Additionally, users from India, Vietnam, and the Philippines are excluded from rewards associated with Bybit Pay tasks.
Additional Promotions Running in Parallel
Alongside the Fiat-to-Crypto Frenzy, Bybit also announced its P2P 4th Anniversary celebration on January 19, featuring a separate 100,000 USDT prize pool tied to anniversary-themed tasks, offering new and existing users another opportunity to earn rewards. Together, these initiatives highlight Bybit’s continued focus on expanding fiat access points while incentivizing user engagement through structured reward campaigns.