Transfer cryptocurrencies from the wallet and deposit fiat currencies into your Bybit account.
Make a deposit on Bybit
Bybit offers its traders the possibility of making a funds transfer by making use of an extremely detailed operational process with which it will be easy to make a deposit by being able to run cryptocurrencies from the wallet or by depositing fiat currency on their Bybit account.
Deposits of cryptographic assets can be carried out via the web and with the help of the Bybit cryptocurrency exchange apps.
- Deposit via bybit’s Official Website
- On the home page click on “resources” under the “Spot Account” and on the next page click on “Deposit” and select the currency for the deposit that best suits your needs.
- Deposit via app
- In order to make a cryptocurrency transfer from a possible wallet or exchange, you will need to access your account, and if you do not have one, register. Then select “Deposit” and use your chosen currency to proceed to the next step.
We would like to remind you that from October 2021, Bybit will only accept deposits in BTC, ETH, XRP, EOS, USDT, BIT, DOGE, DOT, LTC, XLM, AAVE, COMP, LINK, MKR, SUSHI, UNI, YFI.
Deposit USDT on Bybit
Visit the official website, click on “Deposit”, choose whether to scan the QR code or the deposit address to use it as the destination address of the funds and make sure that you have previously selected the type of chain (ERC20, TRC20 or OMNI).
Any deposit will be made instantly through the spot account, it should be noted that all users with Bybit registration prior to July 15, 2021, will see their funds automatically from the account will be spot to the deposited funds derivatives account, for accounts registered after July 15, 2021, the funds will be deposited into the spot account.
It is possible to change your deposit account in two ways.
- Changes to web deposit settings.
- To access the deposit settings page click on “Edit”, or alternatively visit the “Account and security” page.
- Deposit settings via the Bybit app.
- It is possible to access the deposit page and click on the “Settings” button to decide whether to set up automatic funds transfer to the derivatives account or visit the general settings page in “General”.
It should be noted that there are no minimum deposit requirements except for SOL (deposits below 0.01 SOL will not be credited) and each deposit made will be visible in your account after approximately two hours.
Buy Crypto through Fiat
Bybit offers the opportunity to easily buy BTC, ETH and USDT with various fiat currencies.
Before proceeding with the deposit of funds through Bybit’s Fiat Gateway, it is important to know that the Bybit company does not have a direct management of fiat deposits, and the service is entirely controlled by third-party payment service providers such as Banxa, XanPool, MoonPay, Mercuryo, Paxful and Simplex.
Traders must first access the Fiat Gateway deposit page of the Bybit site by clicking on “Buy Crypto” and set up the fiat currency deposit in the “Fiat Gateway” column on the left side of the page.
Select the fiat currency that best suits your needs and trading styles and click on “USD” to bring up a drop-down menu containing the 59 supported fiat currencies AUD, BGN, BRL, CAD, CHF, COP, CZK, DKK, DOP, EGP, EUR, GBP, HKD, HRK, IDR, ILS, INR, JOD, JPY, KES, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NOK, NZD, OMR, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TWD, UAH, USD, VND, ZAR, ARS, AZN, CLP, CRC, GEL, HUF, KZT, MDL, NAD, UYU, QAR, SAR, AED and UZS.
Traders will have the right to be able to keep under control the purchase limit allowed for all the currencies present in the entry box, this limit varies according to the selected service provider.
The next step involves the choice of cryptocurrencies that the trader will want to receive at the address of his Bybit wallet being able to choose between BTC, ETH and USDT, the amount of the deposit transaction can be made both in fiat currency and in cryptocurrency with the possibility of keep the reference price under control.
Based on the method selected for the transaction that best suits your needs, the corresponding service provider will be displayed in the list.
From the list of service providers it will be possible to receive essential information such as a quote containing transfer times, the maximum number of convertible cryptocurrencies, and a list of payment methods available with the “Buy” button.
By clicking on the “Buy” button, an information window will be visible through which traders will be able to understand and accept the terms and conditions of use of the service, by pressing “OK” you will be able to access the web page of the third-party paid service provider.
Please note that you will need to create an account and perform a Know-Your-Client verification in order to unlock various deposit and withdrawal functions.
Minimum deposit amount
In the following table, the minimum amounts relating to both deposits and withdrawals to be made on your Bybit account will be available for consultation.
|Coin||Minimum deposit||Minimum withdrawal|
|USDT (ERC-20)||No minimum||20|
|USDT (TRC-20)||No minimum||10|
Fees for the Bybit deposit
Since September 2021, Bybit has not charged any deposit fees for trading on cryptocurrencies and the Bybit management structure does not provide for any minimum deposit.