How to Make a Deposit
Bybit is now supporting different types of deposit methods for our users. Here is a detailed operation process so that you can easily deposit by (a) Crypto Deposit, or (b) Buy Crypto using fiat currency — Credit/Debit Card Payment, Fiat deposit, Third-Party Payment, or P2P Trading.
(a) Crypto Deposit
A crypto deposit is the transfer of crypto from an external wallet or another exchange via blockchain transaction to your Bybit account. Here’s a step-by-step guide on how to make a crypto deposit.
— Please only deposit the supported coins using the supported chain listed on the Bybit asset page.
— Bybit currently only supports direct transfer. Please do not transfer your assets using the Smart Contract method.
— For coin deposits that require a deposit tag/memo, kindly be sure to fill in your deposit memo/tag correctly. You can find your memo/tag from the deposit window. Depositing without a memo/tag or with the wrong memo/tag may lead to the loss of assets. For more information, please refer to the Bybit Deposit FAQ.
Deposit via Web
Step 1: Hover your cursor over the Assets at the top right-hand corner of the Bybit home page. Then click on Deposit to enter the deposit page.
Step 2: Select the coin 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.
The deposit will be credited to your Funding Account by default. To change your default deposit account, you can set it up in the following two (2) ways:
1. Select Deposits auto channeled to your Spot, Derivatives, or other accounts.
2. 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 on the Deposit button.
Step 2: Select the currency, or enter your preferred currency 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 Funding Account by default. To change your default deposit account, select Deposits auto channeled to your Spot, Derivatives or other accounts.
(b) Buy Crypto Using Fiat Currencies
You can now easily buy BTC, ETH, USDT, and more using multiple fiat currencies with different transfer methods on Bybit. The service is mainly provided by using the four channels below:
Bybit has launched credit and debit card payments, allowing users to buy crypto directly with their credit or debit cards using fiat currencies. You’ll just need to link your credit/debit card to your Bybit account and purchase without going through any third-party channel. The process takes only 5 minutes and is as simple as buying other regular products online.
To learn more, please refer to Credit Card Payment.
Third-Party Payment is a service provided by third-party service providers. Bybit has collaborated with more than eight service providers. Traders are required to perform KYC with third-party service providers. Once a trader’s identity is successfully verified and their order has been completed, the service provider will credit the cryptocurrency into the trader’s Bybit account. Different providers support different currencies and payment methods.
To purchase using a third-party channel, head on over to our Buy Crypto –> One-Click Buy, and choose the third-party payment method under the drop-down menu. You’ll be redirected to the third-party website to continue the purchase process.
To learn more, please refer to Third Party Payment Channel.
(iii) Fiat deposit
It is now possible for traders to deposit fiat currencies on Bybit so they can use their fiat funds to purchase coins directly on the platform. The list of available fiat currencies supported on this function can be found here.
In order to deposit fiat into your Bybit account, please go to the Buy Crypto –> Fiat Deposit page. Once the deposit is completed, the funds will be credited in your Funding account and you can purchase the crypto using the fiat balance anytime.
Please refer to our Fiat deposit FAQ for more information and for a detailed guide on how to deposit each currency, please consult the page here.
P2P Trading is an easy and secure peer-to-peer trading platform that facilitates the buying and selling of coins between two users at an optimal, mutually agreed price with no transaction fees. Users can buy and sell USDT on P2P Trading using different currencies, with more than 30 payment methods currently supported. They can also choose their buyer/seller from the list of advertisements, according to their preferred payment method and currencies.
To purchase using P2P Trading, head on over to Buy Crypto –> P2P Trading to start buying your crypto!
To learn more, please refer to How to Buy Coins on P2P.