Bybit Suspends USD Deposits Via Bank Transfer: What Crypto Customers Need To Know

Cryptocurrency exchange Byte announced on Saturday the suspension of USD deposits via bank transfer, citing service outages from their partner.
Effective immediately, USD deposits via wire transfer (SWIFT) and wire transfer (for US banks) are no longer available, it said.
the company has gave advice Its users continue to deposit USD through the Addcash wallet, or buy cryptocurrency with their credit card on their One-Click Buy page.
However, USD withdrawals via wire transfer (SWIFT) and wire transfer (for US banks) will still be available until March 10, 12am UTC.

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Bybit also reminds its users that if they wish to withdraw USD in the short term, they should do so as soon as possible to avoid possible disruptions caused by the current circumstances.
The exchange further added that they will soon launch the EdCash wallet withdrawal service.
The company has sought to assure its users that USD assets held on Byte are safe and secure, as the platform has undergone strict security measures to ensure the safety of all user funds.

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