A Bybit Account consists of a Funding Account, and a Unified Trading Account. When users activate a Bybit TradFi Account, a separate account is created specifically for the use of MT5 trading.
Users will not be able to deposit or withdraw funds directly in or out of their MT5 Account, but they will have to perform Transfer In and Out via the TradFi MT5 Asset Page.
Important notes:
- Only USDT and BYUSDT can be used to transfer into the TradFi account. When transferred, USDT and BYUSDT will automatically be converted to USDx within TradFi at a ratio of 1:1. Please note that USDx is not a cryptocurrency but an internal balance unit used on the platform to show your funds in the U.S. Dollar terms.
- When users want to withdraw funds out of the TradFi Account, the USDx will be converted into USDT or BYUSDT at a ratio of 1:1 and be back in your Funding Account.
- For a guide on how to deposit funds to your Bybit Account, please refer to this page.
- For a step-by-step guide on how to withdraw funds from your Bybit Account, please refer to this article.
How to Make a Deposit to your TradFi Account
Step 1: Go to your TradFi (MT5) Asset Page and perform the transfer by clicking on Transfer In.
Step 2: Select the From account and Coin Type, and enter the amount you wish to transfer to your TradFi account. You can also click on All to transfer all of the USDT and/or BYUSDT available in your Account to your TradFi account, and it will be automatically converted into USDx at a ratio of 1:1. Click on Confirm once done.
Your funds are now transferred to your TradFi account!
You can check your transaction history here as well as your new TradFi asset balance on your TradFi Asset Page.
How to Make a Withdrawal from your TradFi Account
Step 1: Go to your TradFi Asset Page and perform the transfer by clicking on Transfer Out.
Step 2: Select the To account and Coin Type, and enter the amount you wish to transfer out of your TradFi account. You can also click on All to transfer all of the USDT and/or BYUSDT available in your TradFi Account to your Funding or Unified Trading account. Click on Confirm once done.
Note:
ā BYUSDT is not available to transfer to Funding account, it is only available to the Unified Trading Account (UTA) or TradFi Account.
ā If your TradFi account contains Credit, any withdrawal of USDT or BYUSDT will proportionally reduce the Credit balance based on the withdrawal amount.
Your funds are now transferred back to your Funding or UTA account!
You can check your transaction history here as well as your new Funding Asset balance on your Funding Asset Page.