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Depositing and withdrawing US dollars on the Bybit exchange has become a lot easier now. Bybit has partnered with StraitsX, the global stablecoin-native settlement layer to offer SWIFT-based US dollar transfers, enabling institutional-grade, secure and efficient USD operations on your account. In this article, we’ll cover the key details of the new functionality — how to deposit and withdraw USD on Bybit via StraitsX, and how this benefits you as a crypto trader.
Key Takeaways:
Bybit has partnered with the StraitsX institutional-grade regulated digital payments provider, so we can now offer you a seamless and flexible way to deposit and withdraw USD directly to and from your trading account.
Transfers using the StraitsX payment method leverage the widely used SWIFT banking system, making on-ramping and off-ramping of your funds easier than ever.
You can also take advantage of the direct 1:1 conversion from USD to XUSD (coming soon), which is a regulated, highly compliant and fully fiat-backed USD stablecoin issued by StraitsX.