Bybit EU, the Vienna-based MiCAR-licensed crypto platform, has announced a partnership with PayPal to integrate the global payment service as a fiat funding and withdrawal method. The move aims to streamline crypto access for European users and reduce barriers for newcomers entering the digital asset market.
Residents in the US and EU can buy Bitcoin on Bitstamp using PayPal in EUR, USD, or GBP. Bybit Pay lets users instantly send fiat or crypto, with recipients receiving crypto or fiat, all with zero fees. Fiat transfers are currently available on the Bybit app, with web support coming soon.
Seamless fiat-to-crypto transactions
With PayPal integration, Bybit EU users can now deposit and withdraw funds instantly without opening new accounts or waiting for bank transfers. The collaboration brings together a trusted global payment brand and a regulated crypto platform, ensuring a secure and compliant trading environment under EU crypto regulations.
The integration is designed to make onboarding smoother for new users. By allowing people to use the same payment methods they rely on daily, Bybit EU expects increased adoption among first-time crypto investors.
Launch incentives and user rewards
To celebrate the launch, Bybit EU and PayPal are rolling out a co-branded rewards campaign. Users topping up their accounts with PayPal can earn up to €30 in Bitcoin. Additionally, those downloading or updating the Bybit EU app will benefit from zero fees on fiat deposits via PayPal for a limited period.
Mazurka Zeng, Co-CEO of Bybit EU, said the partnership aligns trusted payments with regulated crypto trading, giving users confidence when entering the digital assets space. Samba Natarajan, Senior VP at PayPal Europe, highlighted that the integration enables seamless and secure crypto access for retail users.
The PayPal option enhances Bybit EU’s mission to provide a safe, intuitive, and regulated gateway for crypto trading across the European Economic Area.
Meanwhile, Bybit EU launched a series of new stablecoin initiatives featuring USDC and EURC to promote regulated digital asset usage across the European Economic Area.
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