Bybit AED bank deposits UAE services have officially launched, allowing users in the United Arab Emirates to deposit and withdraw funds directly using local bank accounts. The announcement was made through a press release published on Zawya. The service is available under a regulated framework and supports direct transfers in UAE dirhams without the use of third-party payment providers.
The new feature is designed for eligible UAE users who hold verified Bybit accounts. Deposits and withdrawals can be accessed through both the Bybit website and mobile application. Transfers are processed using local banking infrastructure.
How Bybit AED Bank Deposits UAE Work
The Bybit AED bank deposits UAE system allows users to move funds between personal UAE bank accounts and their Bybit accounts. The bank account name must match the verified name on the Bybit account. Real-time processing is supported, though some transfers may take up to five business days depending on bank procedures.
The service supports both deposits and withdrawals in AED. It is available to users who complete identity verification requirements, including individual and business verification where applicable. Transactions are conducted through a licensed local banking partner.
Reward Campaign Linked to Bybit AED Bank Deposits UAE
To mark the launch of Bybit AED bank deposits UAE, the exchange introduced a promotional campaign with a total reward pool of 750,000 AED. The campaign runs for a limited period and includes zero-fee AED deposits during the promotion window.
Eligible participants may earn rewards by completing specific actions. These include account registration under the UAE framework, completing verification, making initial AED deposits, and engaging in supported trading activities. Additional incentives may apply for referrals and further participation, subject to campaign terms.
Regulatory Context and UAE Expansion
The launch of Bybit AED bank deposits UAE forms part of the company’s broader regional expansion strategy. The service is positioned to support compliant fiat access for crypto users in the UAE. Bybit stated that the new banking feature aims to simplify access to digital asset markets while aligning with local regulatory standards.
The UAE continues to expand its regulated digital finance ecosystem, with local currency on-ramps playing a growing role in user adoption.
