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    Introduction to Bybit Card’s Auto-Savings Function
    bybit2024-10-31 19:18:58
    On the AppOn the WebsiteFrequently Asked Questions

    Disabling the Auto-Savings Function

    When the Auto-Savings function is disabled, assets that have been used to subscribe to Flexible Savings plans will no longer be in staked.

     

    If you decide to disable the Auto-Savings function on your Bybit Card, please keep in mind the following points:

    1. The changes will take effect on the same day only if you disable this function before 10 AM UTC. However, if you make this change after 10 AM UTC, the modifications won't take effect until the following day.

    2. Once you've disabled the Auto-Savings, your invested funds in Flexible Savings will no longer be accessible for payments via Bybit Card. You'll have to manually redeem these assets if required.

    3. After you disable the Auto-Savings, if your Bybit Card doesn't have enough fiat funds for payment, the system will not automatically use assets from your Funding Account to cover the payment amount.

     

     

     

    Disabling the Auto-Deduction Function

    When the Auto-Deduction is disabled, the assets that are staking in Savings will not be used in Bybit Card payment auto-redeemed for spending. Only the supported fiat and selected payment crypto asset in your Funding Account will be deducted for Bybit Card payments.

     

     

     

    Enabling the Auto-Savings Function

    When the Auto-Savings function is enabled, the selected assets will be invested for Flexible Savings at 10 AM UTC daily. The amount invested depends on Bybit Savings' minimum and maximum investment limits.

     

    Note: There is a minimum and maximum limit for every staking product. Please refer to the page for more information.

     

     

     

    Enabling the Auto-Deduction Function

    When the Auto-Deduction function is enabled, the supported fiat, selected payment crypto asset and the payment assets staked in Flexible Savings will be deducted for Bybit Card payments.

     

    For example, assuming that you have selected USDT as the payment crypto asset in your Bybit Card, and enabled the Auto-Savings function for USDT, USDC and BTC at the same time. In the event that you have insufficient fiat and USDT in your Funding Account, the system will automatically unstake the respective amount of USDT from Flexible Savings for Bybit Card payments. Savings in USDC and BTC will not be affected.

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