How to Deposit and Trade Crypto at Bybit
How to Deposit in Bybit
Bybit Deposit Payment Methods
There are 4 ways to deposit or buy crypto on Bybit:
Fiat Currency Deposit
- This is a convenient way to deposit crypto on Bybit using fiat currency (such as USD, EUR, GBP, etc.). You can use a third-party service provider that integrates with Bybit to buy crypto with your credit card, debit card, or bank transfer. To do this, you need to select the fiat gateway option on Bybit and choose the service provider, the fiat currency, and the cryptocurrency you want to buy. Then, you will be redirected to the service provider’s website, where you can complete the payment process. The crypto will be sent directly to your Bybit wallet after the payment is confirmed.
P2P Trading
- This is an alternative way to deposit funds on Bybit using fiat currency. You can use a peer-to-peer (P2P) platform that connects you with other users who want to buy or sell crypto. To do this, you need to select the P2P trading option on Bybit and choose the fiat currency and the cryptocurrency you want to trade. Then, you will see a list of available offers from other users, with their prices and payment methods. You can choose an offer that suits you and initiate a trade request. You will then have to follow the instructions of the platform and the seller to complete the payment and receive the crypto in your Bybit wallet.
Crypto Transfers
- This is the simplest and most common way to deposit Crypto on Bybit. You can transfer any of the supported cryptocurrencies (BTC, ETH, USDT, XRP, ...) from your external wallet to your Bybit wallet. To do this, you need to generate a deposit address on Bybit and copy it to your external wallet. Then, you can send the desired amount of crypto to that address. The deposit will be credited to your account after a certain number of network confirmations, depending on the cryptocurrency you use.
Crypto Purchase
- You can also buy crypto directly on Bybit using other crypto as payment. This way, you can exchange one crypto for another without leaving the platform or paying any fees for transferring crypto. To buy crypto, you need to go to the "Trade" page and select the trading pair you want to trade. For example, if you want to buy Bitcoin using USDT, you can select the BTC/USDT pair. Then, you can enter the amount and price of Bitcoin you want to buy and click on the "Buy BTC" button. You will see the order details and confirm your order. Once your order is filled, you will receive the Bitcoin in your Bybit account.
Buy Cryptocurrency with Your Credit/Debit Card on Bybit
Discover a comprehensive, step-by-step guide on purchasing cryptocurrency using fiat currencies through Debit/Credit Cards on Bybit. Please note that before commencing your fiat transaction, it’s essential to complete your Advanced KYC verification. At present, Bybit supports payments through Visa and Mastercard.On Desktop
Step 1: Click Buy Crypto on the top left corner of the navigation bar and select “One-Click Buy”.
Step 2: If you’re using a credit/debit card payment for the first time, please add your credit/debit card information first.
Note:
- You may be required to fill in the billing address. Please ensure that the billing address entered matches your credit/debit card’s registered address.
- Your bank account name must be consistent with your registered name on Bybit.
If you’ve already entered your credit/debit card details, follow these steps to complete your order:
(Note: We’ll use EUR/USDT as an example. Please be aware that the exchange rate displayed on this page is an approximate value. For the precise exchange rate, refer to the confirmation page.)
- Choose the fiat currency you wish to use for your payment.
- Select the cryptocurrency you’d like to deposit into your Funding Account.
- Input the purchase amount. You can specify the transaction amount either in terms of your desired fiat currency or the cryptocurrency amount, depending on your preference.
- Pick the credit/debit card you’ve previously added.
- Click on "Buy with."
Important Notes:
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The reference price will automatically refresh every 30 seconds to provide you with the most up-to-date information.
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When making a payment with your credit/debit card, you might be required to enter a CVV code for additional security. Additionally, some transactions may prompt you to undergo 3D Secure (3DS) verification to further safeguard your purchase.
Step 3: Please confirm that the details you’ve entered are correct and then click on Confirm.
Step 4: Card payment is processed.
Important Notes:
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When making payments with your bank card, you may be prompted to enter a one-time passcode or confirm the transaction via your Bank’s app. Please be aware that 3D Secure (3DS) code verification may be required in some cases to enhance transaction security.
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Typically, bank card payment processing is swiftly completed, often within minutes. Once the payment is successfully verified, the purchased cryptocurrency will be credited to your Bybit Fiat Wallet.
Step 5: Your order is now finalized.
- To review your balance, click on "View Asset." You’ll also receive your order status through email and notifications if you’ve activated them.
You can also enable notifications under Settings.
- The purchased cryptocurrency will be instantly credited to your account upon successful completion of the purchase.
- Click on Buy again. You’ll be redirected to the order page.
To view your order history, please click on Orders in the upper right corner for more details.
Buy Cryptocurrency via P2P Trading from Bybit
Below is a step-by-step guide to assist you, as a buyer, in initiating your first Peer-to-Peer (P2P) transaction on Bybit:On App
Step 1: Please click on Buy Crypto -- P2P on the home page.
Step 2: On the Buy page, you can filter for your preferred advertisers by filling in the Amount, Fiat Currencies, or Payment Methods fields based on your transaction needs. Furthermore, if you are new to the Peer-to-Peer (P2P) platform, you’ll be prompted to establish a unique nickname, a necessity for first-time users.
Step 3: Select your desired advertisement and click "Buy".
Step 4: Enter the fiat amount you wish to pay or the crypto amount you want to receive, and click "Buy" to continue.
You will then be directed to the order page, where you’ll have a 15-minute window to initiate the transfer to the seller’s bank account. After verifying that all the order details are accurate, click "Go to Pay" to proceed with your payment.
Notes:
- P2P transactions will exclusively use the Funding account for processing, so please ensure your funds are available in your Funding account before initiating a transaction.
- Your bank account name must match your registered name on Bybit. Inconsistencies may lead to the advertiser canceling the order and issuing a refund.
- Bybit’s P2P system imposes zero transaction fees on both the buyer and the seller. However, traders may be subject to transaction fees from the chosen payment provider.
Step 5: Once you’ve completed the payment, click "Payment Completed". For real-time communication with sellers, you can access the Live Chat feature located in the upper right corner.
Step 6:
a. Once the crypto you’ve purchased has been successfully released by the seller, you can go to your P2P asset history to view the details, along with your transaction history.
You can also go back to the advertiser list and click on the three-dot menu on the upper right corner to view your order history.
b. If the seller fails to release the crypto after 10 minutes, you can click on Submit Appeal.
Our customer support team will reach out to you. During this period, please do not cancel the order unless you’ve received a refund from your seller.
If you encounter any order-related issues, kindly submit your inquiry using this form and clearly outline your concerns.
For expedited assistance, please include your UID, P2P order number, and any relevant screenshot(s).
On Desktop
Step 1: To access the P2P trading page, click on "Buy Crypto - P2P Trading" located in the top left corner of the navigation bar.
Step 2: On the Buy page, you can filter advertisers by entering your desired criteria for Amount, Fiat Currencies or Payment Methods, based on your transaction needs.
Notes:
Under the Advertiser column, the displayed order quantity and percentage refer to:
- Number of orders made in 30 days
- Completion rate in 30 days
Under the Payment Method column, you can see all supported payment methods for the advertisement you’ve selected.
Step 3: Choose your preferred advertisement, and click on Buy USDT.
Step 4: Enter the amount of fiat you want to pay, or the amount of crypto you want to receive, and click Buy to proceed.
Upon redirection to the order page, you will have a 15-minute window to initiate the money transfer to the seller’s bank account. It’s essential to double-check the accuracy of all order details before proceeding.
Additional Notes:
- P2P transactions exclusively utilize the Funding account, so ensure your funds are available there before initiating a transaction.
- Your bank account name must match your registered name on Bybit; discrepancies could lead to the advertiser canceling the order and issuing a refund.
- Bybit’s P2P platform imposes zero transaction fees on both buyers and sellers. However, traders may be subject to transaction fees from the chosen payment provider.
Step 5: Once the payment is completed, click on "Payment Completed."
— Live Chat box is supported, allowing you to easily communicate with sellers in real-time.
Step 6:
a. Once the crypto you’ve purchased have been successfully released by the seller, you can click on Check Asset to view them, along with your transaction history. You can also check your order status from the P2P order history.
b. If the seller fails to release the crypto after 10 minutes, you can click on Submit Appeal.
Our customer support team will reach out to you. During this period, please do not cancel the order unless you’ve received a refund from your seller.
If you encounter any issues with your order, please send your inquiry via this form and specify your concerns.
To help you solve any problems more efficiently, please provide your UID, P2P order number, and any applicable screenshot(s).
Deposit Cryptocurrency to Bybit
Deposit via WebIf you have crypto in other wallets or platforms, you can choose to transfer them to the Bybit platform for trading.
Step 1: Click on [Assets] in the top right corner and select [Deposit].
Step 2: Select the crypto that you would like to deposit.
Step 3: Select the chain type that you will use. After acknowledging the information message, you’ll see your Bybit deposit address. You can either scan the QR code or copy the deposit address and use it as the destination address to which you can send the funds.
Make sure that the network you select matches the one selected on your withdrawal platform. If you select the wrong network, your funds may be lost and they will not be recoverable.
Different networks have different transaction fees. You can select a network with lower fees for your withdrawals.
The deposit will be credited to your Spot Account by default. To change your default deposit account, you can set it up in the following two (2) ways:
- Select Deposits auto-channeled to your Spot, Derivatives, or other accounts.
- Head to the Settings page under Accounts and Security
Deposit via App
Step 1: Go to Assets located at the bottom right-hand corner of the page, and choose the "Deposit" button.
Step 2: Select the crypto, or enter your preferred crypto in the search box to proceed to the next step.
Step 3: On the Deposit page, select the correct chain type and you can either scan the QR code or copy the deposit address, and use it as the destination address to which you can send the funds.
The deposit will be credited to your Spot Account by default.
Buy Cryptocurrency with your Fiat Balance on Bybit
We offer support for a range of fiat currencies for purchasing cryptocurrencies, such as EUR, GBP, and more. Before you buy crypto with your fiat balance, it’s crucial to enable 2FA (Two-Factor Authentication). To set up 2FA, please visit "Account Security" and select "Two-Factor Authentication."Here’s a step-by-step guide to help you buy cryptocurrencies with your fiat balance.
Step 1: Click on Buy Crypto – One-Click Buy on the top left corner of the navigation bar to enter the One-Click Buy page.
Step 2: Place an order through the following steps:
Take BRL/USDT as an example:
- Select BRL as the Fiat currency for the payment.
- Select the crypto you would like to receive in your Account.
- Enter the purchase amount. You can enter the transaction amount based on fiat currency amount or coin amount, according to your needs.
- Select BRL Balance as your payment method.
Step 3: Click on Buy With BRL.
Note: The Reference price will refresh every 30 seconds.
Step 4: Confirm that the details you’ve entered are correct, and then click on Confirm.
Step 5: Your transaction is complete. The coin will be deposited into your Funding Account within 1–2 minutes.
- Click on View Asset to check your balance. You’ll receive your order status by email and notifications, if you’ve enabled them.
- Click on Buy More. You’ll be redirected to the order page.
To view your order history, please click on Orders in the upper right corner for more details.
Benefits of Deposit Cryptocurrency to Bybit
Bybit is a cryptocurrency exchange that offers various services for trading cryptocurrencies, including spot trading and perpetual contracts. Deposit crypto to Bybit can have several benefits, depending on your trading and investment goals. Here are some advantages:
- User-Friendly Interface: Bybit provides a user-friendly trading platform that’s accessible to traders of various experience levels. It offers advanced charting tools and features to assist in making informed trading decisions.
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Trading Opportunities: Bybit allows you to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many others. Depositing crypto into Bybit gives you access to these trading opportunities, allowing you to potentially profit from price movements.
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Leverage Trading: Bybit offers leverage trading, which means you can trade with more capital than you initially deposit. This can amplify your potential profits (but also your potential losses). If you’re an experienced trader and understand how to use leverage responsibly, it can be a benefit.
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Diversification: Depositing multiple cryptocurrencies into Bybit can help you diversify your trading portfolio. Diversification can reduce risk by spreading your investments across different assets.
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Liquidity: Bybit is a well-established exchange with good liquidity, making it easier to execute trades at your desired prices. High liquidity can lead to lower spreads and reduced slippage.
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Security: Bybit takes security seriously, implementing various security measures such as cold storage for funds, two-factor authentication (2FA), and encryption to protect your deposited crypto assets.
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Staking and Earning: Bybit may offer staking opportunities or ways to earn interest on your crypto holdings, allowing you to potentially generate passive income on your deposited assets.
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Mobile Trading: Bybit offers a mobile app, enabling you to trade and manage your account on the go.
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Hedging: You can use Bybit to hedge your existing crypto positions, potentially mitigating losses during market downturns.
How to Trade Cryptocurrency at Bybit
Trade Cryptocurrency at Bybit (Web)
Key Takeaways:- Bybit offers two primary types of trading products — Spot trading and Derivatives trading.
- Under Derivatives trading, you may choose between USDT Perpetuals, USDC Contracts, USDC Options and Inverse Contracts.
Step 1: Head over to the Bybit homepage, and click on Trade → Spot Trading on the navigation bar to enter the Spot Trading page.
Step 2: on the left side of the page you can see all trading pairs, as well as the Last Traded Price and 24-hour change percentage of the corresponding trading pairs. Use the search box to directly enter the trading pair you want to view.
Tip: Click on Add to Favorites to place frequently viewed trading pairs in the Favorites column. This feature allows you to easily select pairs for trading.
Place Your Order
Bybit Spot trading provides you with four types of orders: Limit Orders, Market Orders, Conditional Orders and Take Profit/Stop Loss (TP/SL) Orders.
Let’s take BTC/USDT as an example to see how to place different order types.
Limit Orders
1. Click on Buy or Sell.
2. Select Limit.
3. Enter the order price.
4. (a) Enter the quantity/value of BTC to buy/sell,
or
(b) Use the percentage bar
If you want to buy BTC, and the available balance in your Spot Account is 10,000 USDT, you can (for example) choose 50% — that is, buy 5,000 USDT equivalent of BTC.
5. Click on Buy BTC or Sell BTC.
6. After confirming that the entered information is correct, click on Buy BTC or Sell BTC.
Your order has successfully been submitted.
For traders who use the web, please go to Current Orders → Limit Market Orders to view order details.
Market Orders
1. Click on Buy or Sell.
2. Select Market.
3. (a) For Buy Orders: Enter the amount of USDT you’ve paid to buy BTC. For Sell Orders: Enter the amount of BTC you’ve sold to buy USDT.
Or:
(b) Use the percentage bar.
For example, if you want to buy BTC, and the available balance in your Spot Account is 10,000 USDT, you can choose 50% to buy 5,000 USDT equivalent of BTC.
4. Click on Buy BTC or Sell BTC.
5. After confirming that you’ve entered the correct information, click on Buy BTC or Sell BTC.
Your order has been filled.
For traders who are using the desktop web version, please go to Trade History to view the order details.
Tip: You can view all completed orders under the Trade History.
TP/SL Orders
1. Click on Buy or Sell.
2. Select TP/SL from the TP/SL drop-down menu.
3. Enter the trigger price.
4. Choose to execute at Limit Price or Market Price
— Limit Price: Enter the order price
— Market Price: No need to set the order price
5. According to different order types:
(a)
- Market Buy: Enter the amount of USDT you’ve paid to buy BTC
- Limit Buy: Enter the amount of BTC you want to buy
- Limit/Market Sell: Enter the amount of BTC you’ve sold to buy USDT
(b) Use the percentage bar
For example, if you want to buy BTC, and the available balance in your Spot Account is 10,000 USDT, you can choose 50% to buy 5,000 USDT equivalent to BTC.
6. Click on Buy BTC or Sell BTC.
7. After confirming that you’ve entered the correct information, click on Buy BTC or Sell BTC.
Your order has successfully been submitted. Please note that your asset will be occupied once your TP/SL order is placed.
For traders using the desktop web version, please head to Current Orders → TP/SL Order to view order details.
Note: Please make sure that you have sufficient funds in your Spot Account. If the funds are insufficient, traders who use the web can click on Deposit, Transfer, or Buy Coins under Assets to enter the asset page for deposit or transfer.
Trade Cryptocurrency at Bybit (App)
Spot Trading
Step 1: Tap on Trade at the bottom right to enter the trading page.
Step 2: Choose your preferred trading pair by tapping on the three horizontal lines icon or on the Spot trading pair in the upper left corner of the page.
Tip: Click on Add to Favorites to place frequently viewed trading pairs in the Favorites column. This feature allows you to easily select pairs for trading.
There are four types of orders available with Bybit Spot trading — Limit Orders, Market Orders, Conditional Orders and Take Profit/Stop Loss (TP/SL) Orders. Let’s take a look at the steps required to place each of these orders by using BTC/USDT as an example.
Limit Orders
1. Click on Buy or Sell.
2. Select Limit.
3. Enter the order price.
4. (a) Enter the quantity/value of BTC to buy/sell.
or
(b) Use the percentage bar.
If you want to buy BTC, and the available balance in your Spot Account is 2,000 USDT, you can (for example) choose 50% — that is, buy 1,000 USDT equivalent of BTC.
5. Click on Buy BTC or Sell BTC.
6. After confirming that the entered information is correct, click on Buy BTC or Sell BTC.
Your order has successfully been submitted. Traders using Bybit’s app can view order details under Orders.
Market Orders
1. Click on Buy or Sell.
2. Select Market.
3. (a) For Buy Orders: Enter the amount of USDT you’ve paid to buy BTC. For Sell Orders: Enter the amount of BTC you’ve sold to buy USDT.
Or:
(b) Use the percentage bar.
For example, if you want to buy BTC, and the available balance in your Spot Account is 2,000 USDT, you can choose 50% to buy 1,000 USDT equivalent of BTC.
4. Click on Buy BTC or Sell BTC.
5. After confirming that you’ve entered the correct information, click on Buy BTC or Sell BTC.
Your order has been filled.
Tip: You can view all completed orders under the Trade History.
For traders using Bybit’s mobile app, please click on All Orders → Order History to view order details.
TP/SL Orders
1. Click on Buy or Sell.
2. Select TP/SL from the TP/SL drop-down menu.
3. Enter the trigger price.
4. Choose to execute at Limit Price or Market Price.
— Limit Price: Enter the order price.
— Market Price: No need to set the order price.
5. According to different order types:
(a)
- Market Buy: Enter the amount of USDT you’ve paid to buy BTC.
- Limit Buy: Enter the amount of BTC you want to buy.
- Limit/Market Sell: Enter the amount of BTC you’ve sold to buy USDT.
(b) Use the percentage bar.
For example, if you want to buy BTC, and the available balance in your Spot Account is 2,000 USDT, you can choose 50% to buy 1,000 USDT equivalent to BTC.
6. Click on Buy BTC or Sell BTC.
7. After confirming that you’ve entered the correct information, click on Buy BTC or Sell BTC.
Your order has successfully been submitted. Please note that your asset will be occupied once your TP/SL order is placed.
For traders using Bybit’s app, please click on All Orders → TP/SL Order to view order details.
Note: Please make sure that you have sufficient funds in your Spot Account. If the funds are insufficient, traders who use the web can click on Deposit, Transfer, or Buy Coins under Assets to enter the asset page for deposit or transfer.
Derivatives Trading
Step 1: After logging into your Bybit account, tap "Derivatives" and select from USDT Perpetual, USDC Contracts, USDC Options, or Inverse Contracts. Choose one to access its corresponding trading interface.
Step 2: Pick the asset you wish to trade or use the search bar to find it.
Step 3: Fund your position by using a stablecoin (USDT or USDC) or cryptocurrencies like BTC as collateral. Select the option that aligns with your trading strategy and portfolio.
Step 4: Specify your order type (Limit, Market, or Conditional) and provide trade details like quantity, price, and leverage (if needed) based on your analysis and strategy.
While trading on Bybit, leverage can amplify potential gains or losses. Decide if you want to use leverage and choose the appropriate level by clicking "Cross" at the top of the order entry panel.
Step 5: Once you’ve confirmed your order, tap "Buy / Long" or "Sell / Short" to execute your trade.
Step 6: After your order is filled, check the "Positions" tab for order details.
Now that you know how to open a trade on Bybit, you can kick-start your trading and investing journey.
