How to Deposit on Bybit: A Complete Beginner’s Guide (2025)
Looking to start trading on Bybit but not sure how to fund your account? You’re in the right place. Sign up here on Bybit to get started with bonuses for new users. In this guide, Cryptoplagiat.com walks you through exactly how to deposit on Bybit whether you’re transferring crypto from an external wallet, buying crypto with a credit card, or using fiat methods like P2P trading.
Bybit is one of the most popular global crypto exchanges, known for its robust spot and derivatives trading features. But before you can start buying and selling, you’ll need to deposit funds. Let’s break it down step-by-step.
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Why Deposit on Bybit?
Bybit offers a wide range of tools for crypto users and traders:
• Spot and futures trading
• Launchpad access for new tokens
• Copy trading & automated strategies
• P2P marketplace
• Fiat-to-crypto support
However, all these features require you to fund your account first. That’s why knowing how to deposit is crucial especially if you’re just getting started.
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Deposit Options on Bybit
There are two primary ways to deposit funds into your Bybit account:
1. Transfer crypto from an external wallet
2. Buy crypto directly using fiat (credit card, bank transfer, P2P)
Each method has its own pros and is suitable for different needs depending on whether you already hold crypto or are starting from scratch.
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Option 1: Deposit Crypto from an External Wallet
If you already own Bitcoin, Ethereum, or stablecoins in another wallet (like Trust Wallet, MetaMask, or another exchange), you can transfer them to Bybit.
Important Things to Know:
• Only send supported cryptocurrencies using the correct blockchain network (e.g., USDT on TRC20, not ERC20 unless specified).
• Smart contract transfers are not supported on Bybit — always use standard transfers.
• For certain assets like XRP, XLM, or EOS, you’ll need to input a memo/tag. Skipping this can result in permanent loss.
Steps to Deposit via Desktop:
1. Log in to your Bybit account.
2. Go to the Assets menu at the top right, then click Deposit.
3. Select the crypto you want to deposit (e.g., USDT, BTC, ETH).
4. Choose the appropriate network (TRC20, ERC20, BEP20, etc.).
5. Copy the wallet address or scan the QR code.
6. Go to your external wallet and send funds to the copied address.
7. Wait for blockchain confirmation your funds should appear shortly.
Steps via Bybit Mobile App:
1. Open the Bybit app and log in.
2. Tap Assets > Deposit.
3. Select the asset and choose the correct network.
4. Copy the address or scan the QR code.
5. Send funds from your external wallet to the address.
Note: Funds will be credited to your Funding Account by default. You can transfer them to Spot, Derivatives, or Futures accounts as needed.
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Option 2: Buy Crypto Directly on Bybit
If you don’t already own any crypto, you can buy it directly on the platform using fiat currency. Bybit offers multiple ways to do this:
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1. Buy Crypto with Credit/Debit Card
This is the simplest method for beginners.
Steps:
1. Log in to Bybit
2. Go to Buy Crypto > One-Click Buy.
3. Add your credit/debit card details.
4. Select your fiat currency (e.g., USD, EUR, IDR) and the crypto you want to purchase (e.g., USDT).
5. Enter the amount you want to spend.
6. Click Buy With, then confirm the payment.
7. Approve the payment via your bank’s OTP or authentication method.
8. Once successful, click View Asset to see your balance.
Pros:
• Fast and easy
• Instant credit to your Funding Account
Cons:
• Higher fees compared to other methods
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2. Third-Party Payment Providers
Bybit partners with payment services like Banxa, MoonPay, Mercuryo, and more.
Steps:
1. Go to Buy Crypto > One-Click Buy.
2. Choose a payment provider.
3. Enter the amount and select the crypto you want to buy.
4. Click Buy With, then choose your payment method.
5. You’ll be redirected to the provider’s site to complete the transaction.
6. Once done, return to Bybit and check your balance.
Note: Always follow the instructions provided by the payment provider to avoid failed transactions.
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3. Fiat Deposit via Bank Transfer
Want to deposit directly from your bank account? Bybit offers Fiat Deposit functionality.
Steps:
1. Go to Buy Crypto > Fiat Deposit.
2. Select your fiat currency and enter the deposit amount.
3. Choose your bank or payment method.
4. Click Continue and complete the transfer.
5. Once funds are credited, use them to buy crypto on the platform.
Pros:
• Great for larger purchases
• Lower fees than card payments
Cons:
• Bank transfers can take several hours to process
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4. P2P Trading (Peer-to-Peer)
Want better prices and local payment methods? Try Bybit’s P2P Marketplace, where you buy crypto directly from other users.
Steps:
1. Go to Buy Crypto > P2P Trading.
2. Filter by currency, payment method (e.g., bank transfer, e-wallet), and amount.
3. Choose a trusted seller (check ratings and completed trades).
4. Click Buy USDT, input the amount.
5. Send the payment within 15 minutes via your selected method.
6. Click Payment Completed and wait for the seller to release the crypto.
7. If there’s an issue, click Submit Appeal to resolve the case.
Pro Tip: Always keep payment proof (screenshot or receipt) and double-check seller credibility.
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FAQ: Common Deposit Questions
Q1: How long does a crypto deposit take?
Typically 5 to 30 minutes, depending on the blockchain network and confirmation speed.
Q2: Is there a minimum deposit amount?
Yes — it depends on the asset. For instance, the minimum USDT (TRC20) deposit is usually 1 USDT.
Q3: Can I deposit from Binance to Bybit?
Absolutely. Just make sure to use the correct blockchain network on both platforms.
Q4: What if I use the wrong network?
Your funds could be lost permanently. Bybit does not guarantee recovery for such mistakes.
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Final Thoughts: Ready to Trade on Bybit?
Understanding how to deposit funds is the first essential step toward becoming a confident crypto trader. Whether you’re transferring from a wallet or buying crypto directly, Bybit makes the process relatively simple as long as you double-check every detail.
Our tips for new users:
• Always verify the correct blockchain network before sending
• Use P2P trading for lower prices and more payment options
• Don’t keep all your funds on the exchange consider storing some in a secure wallet (like Ledger or Trezor)
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