Bybit, founded in 2018 by CEO Ben Zhou, is a leading cryptocurrency exchange offering services like spot trading, perpetual contracts, deposits/withdrawals, grid bots, and wealth management products. For beginners, depositing funds can be confusing. This guide provides step-by-step instructions for funding your Bybit account via bank transfers, quick buy, P2P trading, and fiat deposits.
Bybit Registration Benefits
👉 Register on Bybit now to claim exclusive rewards
New users enjoy:
- 30,000 USDT trial fund (for contracts) + 20 USDT fee voucher
- 500 USDT contract position bonus
- High-yield savings on USDT/USDC (up to 42.96 USDT rewards)
- 20% discount on trading fees (primarily for derivatives)
Top 3 Bybit Deposit Methods
| Method | Description | Pros | Cons |
|-----------------|--------------------------------------|-----------------------|-------------------------------|
| Quick Buy | Credit card or Apple Pay purchase | Instant, convenient | High fees (~3–5%) |
| P2P Trading | Peer-to-peer transactions via Bybit | Local currency support| Less price transparency |
| Transfer | Crypto deposit from another exchange| Lowest fees | Requires external wallet/exchange |
Method 1: Crypto Transfer
Best for users with existing crypto holdings.
- Deposit TWD (New Taiwan Dollar) to a local exchange like MAX.
- Convert TWD to USDT via spot trading.
- Copy Bybit’s deposit address (App → More → Deposit → Select network).
- Withdraw USDT from MAX to Bybit, ensuring matching blockchain (e.g., ERC-20).
⚠️ Note: Double-check the network (e.g., TRC-20 vs. ERC-20) to avoid losses.
Method 2: Quick Buy
Ideal for speed but costly.
- Navigate to More → Quick Buy.
- Enter amount and pay via credit card/Apple Pay.
- Funds reflect instantly (~3% fee applies).
Method 3: P2P Trading
Suitable for local currency deals.
- Go to More → P2P Trading.
- Choose a merchant, input amount, and select payment (bank transfer/LINE Pay).
- Confirm payment and await seller’s release (~5–30 minutes).
FAQs
Q1: Which method has the lowest fees?
A1: Transfers from another exchange (e.g., <0.1% vs. Quick Buy’s 3–5%).
Q2: Is P2P trading safe?
A2: Bybit escrow protects transactions—only release crypto after payment confirmation.
Q3: Can I deposit fiat directly?
A3: No, Bybit requires crypto or P2P/Quick Buy conversions.
👉 Ready to trade? Start with Bybit’s low-fee deposits today
Bybit combines security, diverse products, and competitive fees—ideal for both beginners and pros. For further questions, explore their Help Center.
Disclaimer: Crypto investments carry risks. This guide is informational only.