Bybit deposit methods and rules clearly explained

Bybit deposit methods and rules clearly explainedbybit
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Have you wondered
Is bybit beginner friendly?

How can I deposit bybit?

Bybit is an exchange specified to derivative trading, which was established in 2018.

Based in Singapore, it is popular with traders from all over the world, including Japan, North America, Europe, Russia, South Korea, and Southeast Asia.

It also provides many language support, so we recommend it for people who are not familiar at English or who are new to overseas exchanges.

We are going to clearly explain the bybit deposit method and rules this time.

After reading this article, you’ll master how to deposit bybit!

Roughly speaking,
  • It is very simple to deposit on bybit!
  • There are 5 types of currencies that can be deposited: “BTC”, “ETH”, “EOS”, “XRP”, and “USDT”.
  • No deposit fee
  • Tag description is required for EOS / XRP
  • Payment to bybit is processed in about 10 minutes

bybit Official site here

bybit Click here to register

Bybit’s latest deposit campaign

<Pic>Bybit's latest deposit campaign

As of July 2021, the latest bonus campaigns for bybit are the following four types.

The latest event going on
  1. Trade debut support campaign
  2. DOGE trading campaign
  3. Cashback campaign
  4. Refer-a-friend program

Trade debut support campaign

The trade debut support campaign is that you can get a coupon worth $ 10 when you make a deposit for the first time during the campaign period.

Coupons is given with the same type of currency as the one you deposited.

In addition, if you make an additional deposit with Bitcoin, you receive a bonus according to the deposit amount.

However, please note that the campaign period changes depending on the time and date of your registration.

Also, please be aware that you need to keep the depositamount in your account until the bonus is transferred.

And exchanges with other currencies are also considered as withdrawals.

DOGE trading campaign

During the campaign, if you trade a DOGEUSDT indefinite contract, you receive a total of 1 million USDT bonus.

However, the bonus amount you can receive changes depending on the transaction amount, and 250,000 USDT is distributed in each of the following four stages.

7-day total trading volume (Doge)Bonus stage to participate
10,000 〜100,000 USDTParticipate in the division of the first bonus
100,000〜500,000 USDTParticipate in the division of the 1st and 2nd bonuses
500,000〜1,000,000 USDTParticipate in the division of the 1st, 2nd and 3rd bonuses
1,000,000 USDT〜Participate in all four stages

【Campaign period】
From 7:00 pm on July 2, 2021 to 6:59 pm on July 9, 2021 (Japan Standard Time)

【How to participate】

  1. Registration from the campaign page
  2. Transaction DOGEUSDT Indefinite Contract
  3. Receive bonuses in the “Limited Benefits” section of the Benefits Center

Cashback campaign

Get 5% cash back if you buy more than $ 100 in cryptocurrency.

Moreover, You can also participate in a lottery where you can win Bitcoin bonus worth $ 50

Winners of the lottery is announced by blog email within 7 days after the end of the campaign.

【Campaign period】
July 1, 2021 (Thursday) 7:00 pm to July 31, 2021 (Saturday) 6:59 pm (Japan Standard Time)

【How to participate】

  1. Registration from the campaign page
  2. Buy virtual currency

Refer-a-friend program

A campaign where you can get a privilege card by introducing 3 of your friends.

In addition, a new reward card is issued for every $ 100,000 transaction volume per friend, and there is no limit to the number of people you can introduce.

here are a variety of card types, including a $ 500 bonus card.

【Campaign period】
From 5:00 pm on July 1, 2021 to 8:59 am on October 1, 2021 (Japan Standard Time)

【How to participate】

  1. Share referral code with friends
  2. Enter the referral code when opening a new account
  3. Have your friend participate in the trade

Bybit deposit rules

<Pic>Bybit deposit rules

Bybit does not support fiat currencies, so you can only deposit in virtual currencies.

Also, in some cases, a fee may be charged, so check the deposit rules in advance.

Bybit deposit
  • Depositable currencies
  • Deposit fee and minimum deposit amount
  • Time to process deposit

Depositable currencies

The following 5 currencies can be deposited into bybit.

You can deposit in any of 5 types of currencies available on bybit: BTC, ETH, EOS, XRP, and USDT.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Eos(EOS)
  • Ripple (XRP)
  • Tether (USDT)

Deposit fee and minimum deposit amount

There is no deposit fee for bybit.

However, “remittance fee” may be charged when depositing via other exchanges.

In addition, Bybit does not have a minimum deposit amount.

Therefore, you can start trading with a small amount of money.

Time to process deposit

Bybit processes deposit quite quickly.

Basically, it takes a few minutes to a few hours, and there are no particular problems such as the system says “payment was not processed”.

Therefore, you should be able to deposit easily as long as you do not make a mistake in the deposit address.

However, if bybit is flooded with many users or the transaction volume becomes extremely large,the server may be overloaded and the process may be delayed.

Please contact the Help Center once if you don’t mind taking a day.

Bybit deposit method

<Pic>Bybit deposit method

It is very simple to go through bybit deposit.

Bybit also provides many languages support, which makes you use it in the same way as a domestic exchange!

deposit method
  • Step1.
    Display of deposit screen


    After logging in, click the account notation at the top right of the screen and select “Assets”from
    the menu that appears.

  • Step2.
    Select the currency to deposit

    Select the currency to deposit

    Then, the currencies that can be deposited is displayed in a list, so click “Deposit”on the right side of the currency you want to deposit.

  • Step3.
    Confirmation of deposit address

    Confirmation of deposit address

    Then, the deposit address of the selected currency is displayed, so please send the currency to this address.

How to deposit from a smartphone app

<Pic>Bybit deposit method

You can also easily deposited bybit from a smartphone app.

deposit from a smartphone app
  • Step1.
    Display of deposit screen

    Display of deposit screen

    After logging in, click “Deposit” in the center of the screen.

  • Step2.
    Select the currency to deposit

    Select the currency to deposit

    When you select the currency you want to deposit, the deposit address is displayed, so you can send the virtual currency to this address.

    If you send money in another currency, your assets may disappear forever, so be careful when sending money.

Precautions when depositing bybit

<Pic>Precautions when depositing bybit

It is very simple to deposit on bybit, but be careful when depositing Ethereum, Eos, and Ripple.

Here are some things to keep in mind for each currency.

Caution with currencies below
  • Ethereum (ETH)
  • Eos(EOS)
  • Ripple (XRP)

When depositing Ethereum

Only “ETH direct remittance (direct remittance)” can be used for Ethereum deposits.

Please do not use “ETH smart contract” because it cannot be accepted.

When depositing Eos Ripple

You need to enter a tag when depositing  Eos or Ripple.

A tag is just like a marker that identifies a user’s funds.

By default, it automatically appears below your deposit address, but if you don’t see it, you have to enter it by yourself.

Eos Ripple

Eos Ripple2

Also, if you do not enter the tag, the deposit is processed manually, so it takes up to 3 days.

How to check tags

You can easily check your tag from the account screen.

How to check tags
  • Step1.
    Show account screen

    Show account screen

    After logging in, click on the account at the top right of the screen and select “Account & Security”from the menu that appears.

  • Step2.
    Check UID

    Check UID

    Then, the tag (UID) is displayed at the top of the account information, so you can enter this number.

Bybit trading method

<Pic>Bybit trading method

There are 4 types of transactions that can be used by bybit.

  • USDT indefinite contract
  • nverse indefinite contract
  • Inverse futures contract
  • In-kind trading

The leverage is maximum 100 times, and you can set the way to order in detail.

Also, it is quite easy to see the transaction screen, so we recommend it to a wide range of users from beginners to advanced users.

The way to trade on bybit is summarized in detail in the following article. Please take a look at it before you start trading!

Bybit withdrawal method

<Pic>Bybit withdrawal method

You can withdraw 5 different currencies as well as deposit on bybit.

However, there is a mining fee for each currency and there is a minimum withdrawal amount.

It is better to use it after you read the rules of withdrawal.

Please check the following article that summarizes bybit withdrawals in detail.

Summary of deposits on bybit

<Pic>Summary of deposits on bybit

Bybit does not handle fiat currency deposits.

“BTC”, “ETH”, “EOS”, “XRP” and “USDT” can only be deposited.

However, it provides many languages support, that makes people who are new to overseas exchanges be able to make deposits easily.

There is also no deposit fee, so it is suitable for those who want to trade at a low cost.

Also, the minimum deposit amount is not fixed.

It is a big advantage for people who wish to trade with a small amount of funds.

We highly recommend bybit if you are indecisive about which exchange to choose!

Review of deposit
  • It is easy for even beginners to deposit to bybit
  • You can deposit 5 types of currencies, ”BTC” “ETH” “EOS” “XRP” “USDT”
  • No deposit fee
  • However, ETH deposits are only accepted with direct remittances
  • Tag description is required for EOS / XRP

bybit Official site here

bybit Click here to register


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