Bybit Launches Crypto Card in Peru, Offering Up to 120 USDT in Rewards

Bybit is expanding its crypto payments ecosystem in Latin America. The exchange has officially launched the Bybit Card in Peru, giving users a new way to spend their crypto balances anywhere Mastercard is accepted while earning cashback on everyday purchases.

The rollout is part of Bybit's broader strategy to make digital assets more practical for day-to-day spending as crypto adoption continues growing across emerging markets.

To mark the launch, new Peruvian users can unlock up to 120 USDT in welcome rewards through a limited-time promotion.

Bringing Crypto Into Everyday Spending

The Bybit Card is designed to bridge the gap between digital assets and traditional payments.

Available as a virtual card with no annual fees, it allows users to spend directly from their Bybit account at millions of merchants worldwide, whether shopping online, paying in-store or subscribing to digital services.

The card supports both Peruvian Soles (PEN) for domestic purchases and U.S. Dollars (USD) for international spending, making it suitable for both local transactions and overseas travel.

Rather than requiring users to move funds between multiple wallets or payment providers, balances are drawn directly from their Bybit account.

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Up to 120 USDT for New Users

To celebrate the launch, Bybit is offering new cardholders a welcome package worth up to 120 USDT.

Users who complete identity verification and fund their account with at least the equivalent of 100 USDT can receive:

• 10 USDT deposited directly into their Bybit account after their first qualifying top-up.

• Up to 110 USDT in bonus cashback through an enhanced 10% cashback rate on eligible lifestyle spending during the first 30 days.

The promotion is available for a limited time following the card's launch.

Rewards Beyond the Welcome Bonus

Beyond the introductory offer, the Bybit Card includes year-round rewards aimed at frequent users.

Depending on spending tiers, cardholders can earn between 2% and 10% cashback on eligible purchases. The card also offers 100% rebates on selected digital subscriptions, including services such as Netflix and Spotify, helping users offset the cost of everyday entertainment.

The combination of cashback, subscription rebates and multi-currency support positions the card as more than simply a crypto payment tool—it is designed to function as an everyday spending card.

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Expanding Across Latin America

Peru has emerged as one of Latin America's fastest-growing digital payment markets, driven by increasing smartphone adoption, expanding fintech services and rising interest in cryptocurrencies.

"Peru's financial landscape has undergone a quiet but meaningful transformation in recent years as its young, mobile-first population has embraced digital payments," said Patricio Mesri, Country Manager for Spanish-speaking Latin America at Bybit.

"With the Bybit Card, Peruvians can spend PEN at home and spend USD anywhere when they explore the world, without friction."

The launch reflects Bybit's broader expansion strategy across Latin America, where demand for practical crypto payment solutions continues to grow alongside improving digital payment infrastructure and evolving regulatory frameworks.

As exchanges increasingly compete to move beyond trading and become full financial platforms, products like the Bybit Card are turning crypto from an investment into something users can spend every day.