⚡️ Bybit restricts access to its global platform for EU residents

On June 29th Bybit announced a phased resriction of services on its global platform for residents of the European Economic Area.

The move comes as the MiCA rulebook finally takes full effect, after which unlicensed platforms must stop serving EU clients. Restrictions apply to most EEA countries.

The regulated alternative is Bybit EU, licensed in Austria under MiCAR. It requires a separate account.

According to ESMA, only 210 of more than 1200 companies had received MiCA authorization by late May. Binance has already withdrawn its license aplication in Greece and will suspend services in several EU countries starting July 1st, with around $400M withdrawn from the exchange in the past week.

⚙️ Fresh platform update: Web3 payments with no transfer fee

The payment page has been redesigned with a cleaner interface and improved block structure, making it easier for customers to choose a payment method and complete the transaction without unnecessary steps.

The key update: WalletConnect payments are now available without a transfer fee for a range of tokens, including USDT TRC20, USDT ERC20, USDC ERC20, SHIB ERC20, and PYUSD ERC20.

Web3 wallet support has also been improved. The system now automatically detects which extension is installed on the customer's device and suggests the right payment option.

No transfer fee matters most for low-ticket payments: the fewer extra charges a customer sees at checkout, the higher the chance they complete the payment.

ℹ️ Details on the website

🟪 How to accept donations without a website?

Trybit let you accept donations without a website. Simply create a “On a donation page” project type.

When setting it fill all neccesery fields: project tittle, activity type (content creation, streaming, fundraising, and etc), brief project description, and the currencies you want to accept.

After creation, the project automatically sets to a test mode, giving you a chance to check how payments work before going live.

To exit test mode, go to your project settings, add links to your resources in the Donation page builder section, and submit a request.

➡️ Learn more about project settings

🟪 WalletConnect payments: now without transfer fees

WalletConnect is a protocol for securely connecting a crypto wallet to decentralised applications. Users scan a QR code or follow a link to connect, without sharing private keys or personal data.

The system automatically detects which wallet extension is installed on the customer's device and suggests the right payment option, supporting TronLink, Trust Wallet, MetaMask, and Phantom.

WalletConnect payments on the Trybit platform now come without a transfer fee for a range of tokens: USDT TRC20, USDT ERC20, USDC ERC20, SHIB ERC20, and PYUSD ERC20.

A smoother checkout experience helps reduce friction during payment, especially for smaller transactions.

ℹ️ Learn more about WalletConnect

💳 Payment page builder in Trybit

Payment page builder is a useful tool for your own visual branding page set up.

Four themes are available: light, dark, coloured, and custom with the option to set your own colours.

You can also configure the currency display order, set a default currency, and choose the page language.

All changes are shown in a live preview, and once saved, they are applied to the payment page instantly with no updates required.

➡️ Learn more about payment page settings

💰 TRON tests quantum-resistant crypto wallet protection

The TRON blockchain has deployed quantum-resistant signatures in the Nile testnet. The announcment was made by project founder Justin Sun.

The solution is based on the algorithm standardised by the US National Institute of Standards and Technology (NIST), applied to both transaction and block signatures.

Now the technology is working in the Nile testnet only, where developers will verify its stability and compatibility before any potential deployment to the mainnet.

Current blockchain security relies on encryption that cannot be broken with existing technology. Quantum computers, however, are expected to change that in the foreseeable future.

TRON is not the first to move in this direction. On July 1, NEAR Protocol also announced quantum-resistant signatures in its testnet.

💰 Why businesses choose Bitcoin for payments

➡️ Low fees. Blockchain fees are typically lower than bank charges and do not depend on the transfer amount. When accepting Bitcoin through Trybit, there is no transaction fee at all, which makes a real difference for international payments.

➡️ Global reach. Bitcoin requires no currency conversion and works independently of exchange rates, allowing you to accept payments from any country without payment system restrictions.

➡️ Chargeback protection. Transactions are irreversible, completely eliminating fraudulent refund risks and the losses that come with them.

➡️ Always on. Payments go through around the clock, with no weekends, no time zone delays, and no dependence on bank operating hours.

➡️ Data security. The blockchain stores no personal user data. Transactions are anonymous, which builds audience trust and loyalty.

Connect Bitcoin acquiring in Trybit and start accepting payments worldwide with support for over 40 currencies, auto-conversion, and responsive support

✅ Connect crypto processing

⚙️ How to set up fees in Trybit

Project settings allow choosing who pays the fees: the customer or the merchant. This applies to two types of charges.

Service fee. Up to 1.9% of the incoming payment amount, depending on project conditions.

Transfer fee. Charged for payments on Tron and Ethereum networks. It is required for Trybit to consolidate all incoming transactions to a single main merchant address. No transfer fee applies on other networks.

When set to Customer, the fee is added to the invoice amount. When set to Merchant, the fee is deducted from the amount credited to the balance.

ℹ️ Learn more about Trybit fees

💰 Why businesses choose USDT for payments

USDT (Tether) is the most widely used stablecoin with a market cap exceeding $184 billion. Its rate is pegged to the US dollar at 1:1, making it a predictable settlement tool compared to volatile cryptocurrencies.

Why businesses choose USDT:

➡️Speed. Transactions are processed within minutes without banks, including cross-border payments.

➡️Low fees. Transaction costs are significantly lower than bank transfers.

➡️Stability. Deviations from the dollar rate are rare and typically stay within 1%.

➡️Security. Blockchain technology provides strong protection against fraud.

Accepting USDT through Trybit requires no custom module development. Connect via API, HTML widget, or ready-made CMS modules, with fees up to 1.9%

✅ Connect cryptoprocessing

🟪 Crypto payment infrastructure built for high-volume operations

Trybit is a global cryptocurrency payment gateway for accepting payments and making payouts in crypto. Built for enterprise-scale businesses, the service is engineered for stable, uninterrupted operation around the clock. It supports 40+ cryptocurrencies and provides ready-made integration tools for building a complete crypto payment infrastructure.

Free integration. Processing fees start from 0.4%.

Supported assets: BTC • LTC • ETH • TRX • TON • BNB • SOL • USDT • USDC • DAI • PYUSD • USDD • XAUT • ARB • OP • SHIB • PEPE • TRUMP

Available across Ethereum, BNB Chain, Tron, Solana, Arbitrum, Optimism, Base, and TON.

The platform has maintained 99.9% uptime while handling payments, payouts, and exchange operations.

Key features:

➤ Detailed statistics and transaction history
➤ Mass payouts
➤ Automatic withdrawals by schedule and amount
➤ Payment via Web3 wallets, including WalletConnect
➤ Cryptocurrency exchange within the personal account
➤ Flexible payment page customization
➤ Transfer fee-free payment option
➤ Automatic conversion of incoming payments into USDT
➤ AML transaction checks

Integration options: API, Host2Host (White Label), ready-made CMS modules, or a universal HTML widget.

Get started:

➤ Create your account at trybit.com
➤ Set up your project
➤ Connect via API or a ready-made integration

✉️ Our team is available to assist with integration and technical questions.

🟪 Static Wallets in Trybit

A static wallet is a permanent address for receiving cryptocurrency payments.

The customer sends funds to the same address every time, without creating a new invoice or navigating to a payment page. Funds are automatically credited to the merchant's balance after all fees are deducted.

How it works: the user goes to the top-up section on the merchant's website, creates wallets for the required cryptocurrencies, sends funds by address or QR code, after which the received amount is automatically credited to their balance and the user receives a successful payment notification.

Static wallets can be managed manually in project settings or via API. When creating one, select the project, currency, and enter the user identifier within your system.

ℹ️ Learn more about static wallets

💰 Dormant 2010 Bitcoin wallet activated after 16 years

In August 2010, when Bitcoin was trading at $0.06, a wallet received 40 BTC worth a total of $2. The coins sat untouched for nearly 16 years.

On July 8, all 40 BTC were moved at a price of $62,200 per coin. The price had grown 1,036,666 times over that period, turning the original $2 into $2.48 million in profit.

These are coins from the Satoshi era. In the summer of 2010, crypto exchanges did not yet exist, and Bitcoin was mined by early adopters on regular computers with a block reward of 50 BTC.

Transaction records show the original 50 BTC block was split: 10 went to another address, while 40 stayed in the wallet that would remain dormant for 16 years.

💳 How to accept cryptocurrency payments

There are several ways to accept crypto payments, each suited to different needs.

➡️ Transfer to a crypto wallet. The simplest option: share your wallet address with the customer. Works for small volumes and donations, but requires manual tracking of every transaction.

➡️ QR code. Works the same way, but the customer simply scans the code instead of entering payment details manually. This reduces the risk of transfer errors.

➡️ Custom payment module. A full on-site integration with a smooth checkout experience. Requires development time and budget.

➡️ Crypto processing. Full automation: amount conversion, payment address generation, transaction confirmation, user notification, and funds credited to the merchant's balance. Convenient for both businesses and customers.

Trybit is a crypto processing service with fees up to 1.9%, support for over 40 cryptocurrencies, and integration via API, HTML widget, or ready-made CMS modules.

▶️ Start accepting crypto payments

🟪 Requirements for connecting to Trybit

Before connecting, please review the Trybit terms of service. If needed, contact support to confirm whether your project meets the platform's requirements.

KYC. Identity verification is not required. Any individual can connect to the service regardless of citizenship.

Prohibited activities. The service is not available for projects related to weapons sales, drugs, malware, bank card data, phishing sites, financial pyramids, Darknet markets, prohibited video content, terrorism financing, money laundering and any other types of illegal business.

Trybit regularly monitors compliance with its rules. Violations may result in restricted or fully terminated access to the platform.

ℹ️ Trybit terms of service

🟪 What is KYC and does Trybit require it

KYC (Know Your Customer) is the process of verifying a customer's identity. Banks, cryptocurrency exchanges, and other financial services use it to confirm users' identities and improve transparency.

KYC helps reduce the risk of fraud and builds trust between participants in financial transactions. At the same time, it limits anonymity and requires users to provide personal information and complete a verification process.

Trybit does not require KYC. The platform is a technical solution for developers that automates cryptocurrency payment acceptance. Any individual can connect regardless of citizenship.

⚙️ Learn more about connection requirements

🔄 Auto-conversion in Trybit: protection from volatility

Trybit allows merchants to automatically convert all incoming payments into the USDT TRC20 stablecoin at the moment a transaction is received. This helps businesses maintain stable income without depending on crypto market fluctuations.

Available conversion directions including BTC, LTC, ETH, TRX, BNB, ETH ERC20, ETH Base, ETH Arbitrum, ETH Optimism, TON, and SHIB are all converted to USDT TRC20 at the current rate through licensed services. A network fee applies during conversion.

To activate, go to your project settings and enable the Auto-conversion section.

➡️ Learn more about auto-conversion

💰 South Korea expands its digital payments pilot

South Korea's Financial Services Commission has approved the second phase of Project Hangang, a CBDC-based digital payments experiment. The number of wallets will increase from 100,000 to 500,000, while participating banks will expand from 7 to 9. The next round of testing could begin as early as September.

The wallet holding limit will rise from 1 million to 10 million won, while the total transaction limit will increase to 100 million won. Users will still not hold CBDC directly. Instead, payments will be made using deposit tokens issued by commercial banks.

The second phase will also introduce wallet-to-wallet transfers, biometric authentication, automatic balance top-ups, and smart contracts for selected government payments.

🏦 Cryptovalleys: where blockchain business thrives today

A crypto valley is a region with favorable conditions for blockchain companies and startups. Governments create them to attract investment, develop digital economies, and strengthen their position in global fintech.

➡️ Schwitzerland (Zug). Over 1000 blockchain companies, clear regulation, and favorable tax conditions.

➡️ UAE. Dubai and Abu Dhabi offer flexible crypto regulation and no personal income tax.

➡️ Singapore. Clear licensing, a strong financial sector, and no capital gains tax.

➡️ United States. The largest infrastructure and institutional interest, reinforced by Bitcoin ETF launches.

➡️ Hong Kong. Crypto exchange licensing, crypto ETF launches, and integration with the traditional financial system.

Key advantages include clear regulation, tax incentives, simplified company registration, and access to investors.

ℹ️ Learn more about crypto valleys

✅ Balance manegment in Trybit

The dashboard includes two sections for managing your finances.

The Payments section lets you view all invoices with filtering by date, status, and currency. You can see completed payments, partially paid invoices, and those awaiting confirmation. Partial payments can also be confirmed manually when needed.

The Balance section provides a full overview of all incoming and outgoing transactions.

Table columns can be customised and data exported for further analysis.

➡️ Learn more about balance managment

🌐 Payment gateway vs payment processor: what is the difference

Both terms are often used interchangeably, but they serve different functions in the online payment chain.

➡️ A payment gateway is the part of the system that customers interact with during checkout. It collects payment details, encrypts them, and securely forwards the information to the payment system. The gateway ensures secure data transmission but does not process the payment itself.

➡️ A payment processor handles the payment after receiving the data from the gateway. It sends an authorization request to the customer's bank, verifies that the payment can be completed, and returns the transaction result. Many processors also provide fraud prevention, refunds and chargeback handling, as well as support for KYC and AML compliance.

Trybit combines the functions of a payment gateway and a payment processor, automating crypto payment acceptance. It supports 40+ cryptocurrencies, WalletConnect, AML checks, and integration via API, HTML widget, Host2Host, or ready-made CMS modules.

ℹ️ Learn more about how payment gateways and payment processors work

⚙️ Personal account features

The merchant dashboard brings together all the tools for managing projects and payments in one place.

Project setup. An intuitive interface lets you create new projects and manage existing ones. You can upload a company logo, configure payment page settings, and set up automated actions for each project.

Integration. Once the project is configured, the dashboard provides detailed instructions and API keys for connecting the service to your platform.

Invoice management. Invoices can be created manually through the dashboard or automatically via API. Currency, expiry time, and notification settings are all configurable.

ℹ️ Learn more about dashboard features