Is Auto-Savings from Bybit Card the same as Bybit Savings on Earn?

Yes, the Auto-Savings function you see on Bybit Card and Bybit Savings are the same. When one is activated, the other will be enabled as well. Learn more about this function in these articles.

What happens if Auto-Savings is enabled?

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 this page for more information.

What happens if Auto-Deduction is enabled?

When the Auto-Deduction function is enabled, the staked assets in Flexible Savings are allowed to be deducted for Bybit Card payments when the available assets in your Funding account are insufficient.

 

For example, let’s assume 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 USDT from your Flexible Savings will be used for Bybit Card payments. Savings in USDC and BTC will not be affected.

What happens if Auto-Savings is disabled?

When the Auto-Savings function is disabled, assets subscribed to Flexible Savings plans will not be invested. 

 

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 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 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.

What happens if Auto-Deduction is disabled?

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