What is the Auto-Earn function on Bybit Card?
Upon clicking Subscribe from the Auto-Earn settings on the Card Dashboard, you will be redirected to Bybit Earn products, allowing you to subscribe and earn from your idle crypto assets. Auto-Earn is a Bybit Earn product and is not regulated under MiCAR. MiCAR client-asset safeguarding protections do not apply to crypto-assets subscribed to Rewards Service.
For more information about the Rewards Service, please refer to this article.
Why can't I access the Auto-Earn section on my Card Dashboard?
Users who have not yet declared their tax residence will also not be able to access Auto-Earn. Please complete the tax residency questionnaire before accessing the function.
Is Auto-Earn enabled by default on Bybit Card?
No, it is turned off by default for all Bybit Card users. You can subscribe from the Card Dashboard. Before subscribing to a new product, you must expressly accept the applicable Rewards Service terms. Due to regulatory requirements, you will need to agree to the Terms and Conditions agreement.
How can I automatically subscribe?
Automatic subscription without user confirmation is not available. Before subscribing to a new product, you must expressly accept the applicable Rewards Service terms.
What is the difference if I subscribe from Rewards Service and Bybit Card?
There is no difference whether you subscribe to your assets from Rewards Service or from Bybit Card. However, if you would like to use your idle asset for Bybit Card spending, you can go to Card dashboard and enable the auto-deduction function.
Can I spend my Bybit Card assets that are being subscribed and earned in Auto-Earn?
Yes, you can enable the Auto-Deduction function on Auto-Earn on Bybit Card. When the Auto-Deduction function is enabled for a specific token, your subscribed Flexible Term balance in Bybit Earn will be automatically redeemed (terminating the title transfer) back to your Funding Account to cover card payment transactions when your Funding Account balance is insufficient.
For example, assuming that you have selected USDC as the payment crypto asset on your Bybit Card, and enabled the Auto-Earn function for USDC and BTC at the same time. In the event that you have insufficient fiat and USDC in your Funding Account, the system will automatically redeem the respective amount of USDC from Auto-Earn for Bybit Card payments. Savings in BTC will not be affected.
How to enable the Auto-Deduction function?
After you have successfully subscribed to Auto-Earn for the first time from the card dashboard, a pop-up will appear for you to enable the Auto-Deduction.
If you tap "Maybe Later," you won't be asked again, but you can still enable it manually from the Card settings.
What would happen if I disable the Auto-Deduction function?
When the Auto-Deduction is disabled for the token, the token subscribed in savings will not be auto-redeemed for Bybit Card payments. Only the supported fiat and selected payment crypto asset in your Funding Account will be deducted for Bybit Card payments.
How to disable the Auto-Deduction function?
To disable the Auto-Deduction function, please go to the Auto-Earn section on your Card Dashboard → Toggle off the Auto-Deduction button for the specific token you would like to disable.
Where can I find my subscribed and auto-deduction records?
You can view your successful transactions in your Funding Account History under Savings Subscription (Card) or Savings Redemption (Card).
Additionally, you can also find your order records under Bybit Earn Products Order → Flexible Term.
For more detailed information on how the daily yield is calculated and answers to other common questions, please refer to the FAQ — Reward Services.
Can I use Fixed-Term savings with the Card?
No, only Flexible Savings products are available for Bybit Card. Fixed-Term options are not available in the subscription flow.
Disclaimers
- Bybit Earn is not a regulated product under Regulation (EU) 2023/1114 (“MiCAR”). By subscribing, you transfer full legal and beneficial ownership of the crypto-assets to Bybit EU GmbH. While subscribed, your assets are no longer held in custody for you and may be used by Bybit EU for its own account. You retain only a contractual claim, without ownership or security rights, and MiCAR client asset protections do not apply.
- Investing in crypto-assets is associated with risks, including high volatility and the potential loss of capital. Inform yourself thoroughly about the risks before making an investment decision. This content constitutes a marketing communication within the meaning of the Markets in Crypto-Assets Regulation (MiCAR) and is provided by Bybit EU GmbH. It does not constitute investment advice.
- Rewards Service involves counterparty risk, including the risk that you may lose access to some or all of your subscribed crypto-assets if Bybit EU GmbH is unable to meet its obligations.