Bybit has launched a new update that waives foreign exchange fees for Mastercard holders in seven European countries. This service is available for users in Poland, Bulgaria, Croatia, the Czech Republic, Denmark, Sweden, and Hungary.

Waiving FX Fees in Europe

According to an exchange statement, this offering aims to enhance user experience by offering seamless, cost-effective financial solutions. Effective immediately, Bybit Cardholders can make purchases in local currencies, PLN, BGN, HRK, CZK, DKK, SEK, and HUF, without incurring the standard 0.5% FX fee.

This update is particularly advantageous for frequent travelers and those conducting business across these regions, as it eliminates the concern of hidden charges. The Bybit Card offers a range of features designed to make international spending more convenient. Users can withdraw cash from any ATM worldwide that supports Mastercard, providing easy access to funds no matter where they are.

Additionally, the card offers both virtual and physical options, compatible with Apple Pay and Google Pay, allowing users to make on-the-go payments effortlessly. Beyond fee-free spending, Bybit Cardholders can also benefit from a generous rewards program. The card reportedly offers a baseline 2% cashback on all purchases, with VIP members enjoying cashback rates of up to 10%.

Bybit Expands Presence

Established in 2018, Bybit has quickly grown to become a major player in the cryptocurrency exchange space, serving over 40 million users globally. The company also sponsors Formula One’s Oracle Red Bull Racing team, further solidifying its presence in the global market.

Expect ongoing updates as this story evolves.