Bybit announces direct AED Bank deposits and withdrawals
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, which recently received a license from UAE’s Capital Market Authority, is now able to offer direct AED bank deposit and withdrawal services for its clients in the UAE.
What this means? Eligible users of Bybit can seamlessly deposit and withdraw AED directly from any local bank account through secure bank transfers, to simplify the on ramp experience. It works on both Bybit website as well as application. While typically should be processed in real time, some transactions can take up to five business days.
To access AED deposits and withdrawals, users must use a personal UAE bank account registered under the same name as their verified Bybit account. This model ensures compliance with regulatory standards and protects users from transaction delays or rejections.
Derek Dai, Regional Head of MENA at Bybit, noted that having direct bank deposits in AED is a step forward to making crypto more accessible to UAE users.
In celebration, Bybit has dedicated a prize pool of up to 750,000 AED, until February 28th 2026, eligible users will also enjoy zero fees on AED deposits via a local banking provider. The event is open to new users who register under the CMA license and complete Level 1 Identity Verification or Business Verification.
Eligible participants may earn up to 200 AED simply by making an initial deposit of 400 AED via bank transfer, or a 50% value boost from day one. Additional rewards of over 300 AED are available for completing tasks including crypto purchases, trading, and successful referrals.
