Bybit accepts deposits via wallet transfers, meaning you must first purchase cryptocurrencies on another exchange before transferring them to your Bybit wallet. Currently, Bybit supports only five cryptocurrencies: BTC, ETH, XRP, EOS, and USDT.
Step 1: Obtain Your Bybit Deposit Address
- Log in to your Bybit account and navigate to "Assets" in the top-right menu.
- Select "Deposit" from the left sidebar.
- Choose your preferred cryptocurrency (e.g., USDT) and network (e.g., TRC20 for lower fees).
- Copy the generated wallet address.
💡 Pro Tip: TRC20 charges only 1 USDT per transaction vs. ERC20’s 10 USDT fee. Always double-check the address before proceeding.
Step 2: Withdraw from Binance to Bybit
- Go to Binance and click "Wallet" → "Overview".
- Under "Spot Account", select "Withdraw".
- Choose USDT (or your target currency) and paste the Bybit address.
- Select the matching network (e.g., TRC20).
⚠️ Critical: Mismatched networks (e.g., sending TRC20 to an ERC20 address) will result in permanent fund loss.
Step 3: Confirm and Complete Transfer
- Review the withdrawal details (address + network).
- Complete Binance’s security checks (SMS/email verification).
- Save the address for future deposits to avoid errors.
- Track progress under "Recent Withdrawals".
FAQ
Q1: Can I deposit fiat (e.g., NTD) directly to Bybit?
A: No. Bybit only accepts crypto deposits. Use exchanges like MAX to convert NTD to USDT first.
Q2: Why is TRC20 cheaper than ERC20?
A: TRC20 runs on the Tron blockchain, which has lower gas fees than Ethereum’s ERC20.
Q3: How long do transfers take?
A: Typically 5–30 minutes, depending on network congestion.
👉 Maximize your trading with Bybit’s low fees
👉 Learn how to buy USDT with NTD on MAX
Key Takeaways:
- Use TRC20 for cost-effective USDT transfers.
- Always verify addresses and networks.
- Save addresses in Binance for future deposits.
Need help? Drop your questions below!