What is OTC Trading?
OTC (Over-The-Counter) trading on Bybit refers to direct transactions between two parties outside the traditional exchange order book. This method allows participants to:
- Negotiate customized prices
- Execute large-volume trades efficiently
- Access VIP-level cryptocurrency trading services
👉 Discover premium trading options for high-net-worth individuals and institutional clients.
Who Can Use OTC Trading?
Eligibility Requirements:
- Completed Level 1 KYC verification
- Personal (non-institutional) accounts
- Accounts without active spot margin positions
Restrictions:
- Spot margin users cannot access OTC services
- Institutional borrowing accounts are ineligible
OTC vs. Instant Exchange: Key Differences
| Feature | OTC Trading | Instant Exchange |
|---|---|---|
| Transaction Size | Large volume | Small amounts |
| Price Determination | Negotiated rates | Market-driven rates |
| Best For | VIPs/Whales | Retail traders |
Supported Tokens
Current OTC trading pairs include:
Stablecoin Conversions:
- USDT ↔ USDC
- USDT/USDC ↔ BTC
- USDT/USDC ↔ ETH
Major Crypto Pairs:
- BTC ↔ ETH
👉 Explore expanding token support as we continuously add new trading options.
Frequently Asked Questions
Does OTC support fiat transactions?
No, OTC trading currently only supports crypto-to-crypto conversions. Fiat gateway services will be announced separately.
Are there fees for OTC trades?
Bybit charges zero fees for OTC transactions, providing full value for your conversions.
Can sub-accounts use OTC?
Yes, both master and sub-accounts have equal access to OTC trading features.
How long do OTC transactions take?
All OTC conversions are processed instantly upon confirmation.
Accessing OTC Trading
Mobile App Instructions:
- Tap OTC Trading on the homepage
- Select your input/output assets
- Enter transaction amount
- Confirm details and execute trade
Web Platform Guide:
- Navigate to Trade > OTC Trading
- Choose currency pair
- Input desired amount
- Verify and confirm transaction
Note: Transaction limits display dynamically based on current market conditions.
Important Considerations
Margin Trading Impact:
- Users with active spot margin positions must close these positions before accessing OTC
- This restriction ensures proper risk management
Volume Recommendations:
- Minimum: Varies by market conditions
- Maximum: Displayed during order confirmation
- Optimal for transactions exceeding standard exchange limits
Remember to always verify transaction details before final confirmation. For institutional-level trading needs, consider our VIP services offering enhanced liquidity solutions.