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Posted on Mar 05, 2023Read on Mirror.xyz

Bybit Stops Accepting Bank Transfer USD Deposits, Says Partners Have 'Service Disruption'

Crypto exchange Bybit has stopped accepting U.S. dollar deposits via bank transfers, citing a "service interruption" by its partners. An announcement from the company on Saturday said it "will no longer support USD deposits via WIFT and Bank of America wire transfers, effective immediately." Bybit emphasized that it still supports deposits through the encrypted wallet Advcash or purchases of cryptocurrencies with credit cards. At the same time, users can withdraw cash via SWIFT or Bank of America wire transfer before 0:00 on March 10, UTC time (8:00 on March 11, Beijing time). Bybit will launch Advcash wallet withdrawal service soon. The exchange said the dollar assets held by Bybit are safe. Previously, Bybit launched a system that allows customers to verify their crypto asset reserves.