Bybit adds support for the Russian ruble and Ukrainian hryvnia

Singapore-based cryptocurrency exchange Bybit announced integration with European payment service Mercuryo. From November 25, customers will be able to buy BTC, ETH and USDT with bank cards.

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Mercuryo’s payment gateway supports the Russian ruble, Ukrainian hryvnia, US dollar, euro, British pound and Turkish lira. The service interface is translated into Russian. In addition, Mercuryo has Russian-speaking customer support.

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According to Bybit co-founder and CEO Ben Zhou, the strategic partnership with Mercuryo will broaden Bybit users’ capabilities and enable them to begin trading quickly and securely:

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“The missions of our companies are similar: we strive for the mass adoption of cryptocurrencies and aim to provide high-quality products. Bybit selected a payment provider based on several criteria: reputation, the size of fees, user-language support, security and transaction speed. Mecruryo meets all our requirements.”

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The CBDO and co-founder of Mercuryo, Peter Kozyakov, is confident that Mercuryo’s seamless fiat gateway will significantly simplify cryptocurrency purchases for Bybit users.

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“We are pleased to support Bybit in its drive to make cryptocurrency simpler and more accessible. Our team is proud to partner with one of the largest crypto exchanges,” he notes.

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Mercuryo complies with the PCI DSS standard for credit card data security and AML standards. The service fee stands at 3.95%. This is 2–16% lower than that of payment providers Banxa, MoonPay and Xanpool.

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Bybit does not charge additional fees when buying cryptocurrency with a bank card. The exchange calculates fees for fiat operations using the pricing on the Kraken trading platform.

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Bybit — crypto-derivatives exchange headquartered in Singapore and registered in the British Virgin Islands. The exchange has been operating since 2018 and supports nine trading pairs.

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Earlier in November, Bybit became a partner of the German football club Borussia Dortmund.