Depositing funds on Bybit has never been easier, with multiple flexible and secure methods available for both cryptocurrency and fiat users. Whether you're new to digital assets or an experienced trader, this guide walks you through every step of the deposit process, covering crypto deposits, instant crypto purchases, fiat deposits, and P2P trading. We’ll also answer common questions and provide essential tips to ensure a smooth experience.
Crypto Deposit
A crypto deposit allows you to transfer digital assets from an external wallet or another exchange directly into your Bybit account via blockchain. This method is ideal for users who already hold cryptocurrencies and want to trade or invest them on Bybit.
👉 Learn how to securely transfer crypto to your trading account in minutes.
Key Guidelines:
- Only deposit tokens listed on the Bybit Assets page and ensure you're using the correct blockchain network supported by Bybit.
- Each token has specific requirements such as minimum deposit amounts or smart contract details. Always review these before initiating a transfer.
- For tokens requiring a deposit tag or memo—such as XRP, EOS, or TON—you must enter the correct tag in the designated field during withdrawal from your source wallet. The deposit tag can be found within the deposit interface on Bybit.
❗ Warning: Incorrect or missing tags may result in permanent loss of funds. Double-check all details before confirming any transaction.
For further assistance, refer to the Crypto Deposit FAQ.
Instant Crypto Purchase
Bybit offers a fast and user-friendly way to buy crypto using fiat currency through its Express Buy feature. This service supports several payment channels, making it accessible to users worldwide.
a. Credit/Debit Card Payments
You can instantly purchase crypto using your credit or debit card—no third-party platforms required. Simply link your card to your Bybit account and complete the purchase in under five minutes, similar to any online shopping experience.
Apple Pay and Google Pay are also supported, offering added convenience and security.
👉 Start buying crypto with your card—fast, secure, and hassle-free.
To get started:
- Go to Quick Buy → Express Buy.
- Select your desired cryptocurrency and payment method.
- Enter the amount and confirm the transaction.
For detailed instructions, visit the Card Payment Guide#express_credit_card_payment).
b. Third-Party Payment Gateways
Bybit partners with over eight trusted third-party payment providers to expand access to global users. These services allow you to buy crypto using various local payment methods.
Keep in mind:
- You'll need to complete KYC verification with the third-party provider.
- Once verified and payment is made, the purchased crypto will be sent directly to your Bybit wallet.
- Supported currencies and payment options vary by provider.
To use this method:
- Navigate to Quick Buy → Express Buy.
- Choose a third-party option from the dropdown menu.
- You’ll be redirected to the provider’s site to complete the purchase.
See the full list of supported gateways and instructions here#fiat_gateway).
c. Using Fiat Balance
After completing your first fiat deposit, you can use your existing fiat balance within Bybit to buy crypto instantly.
Requirements:
- Completion of initial fiat deposit.
- Two-factor authentication (2FA) enabled on your account.
To use this feature:
- Visit Quick Buy → Express Buy.
- Select “Fiat Balance” as the payment method.
- Choose your preferred coin and complete the purchase.
This option eliminates repeated KYC checks and speeds up future transactions.
Fiat Deposit
Bybit now allows direct fiat deposits, enabling users to fund their accounts with traditional currency and use it for crypto trading without intermediaries.
Supported fiat currencies include USD, EUR, GBP, AUD, and many more. Check the full list here.
To deposit fiat:
- Go to Quick Buy → Fiat Deposit.
- Select your currency and follow the instructions for bank transfer or other available methods.
- Once confirmed, funds will appear in your Funding Account.
These funds can then be used across Bybit’s ecosystem—from spot trading to derivatives.
For help with specific currencies or troubleshooting, consult:
P2P Trading
Bybit’s P2P Trading platform connects buyers and sellers directly, allowing peer-to-peer crypto transactions at mutually agreed prices—with zero trading fees.
Over 60 payment methods are supported, including bank transfers, e-wallets, and mobile payment apps. Users can choose counterparties based on preferred currency, payment method, reputation score, and transaction speed.
How It Works:
- Sellers post ads listing their rates and accepted payment methods.
- Buyers select an ad and initiate a trade.
- Funds are held in escrow until both parties confirm completion.
To start:
- Go to Quick Buy → P2P Trading.
- Select “Buy” or “Sell,” choose a cryptocurrency (e.g., USDT), and pick an offer.
- Complete the payment and confirm the transaction.
📘 Helpful Resources:
For a full overview, read the Introduction to P2P Trading.
Frequently Asked Questions (FAQ)
Q: What should I do if I sent crypto without a required deposit tag?
A: Unfortunately, if a deposit tag was required and not included (e.g., for XRP or EOS), recovery may not be possible. Always double-check tags before sending funds.
Q: Are there fees for depositing on Bybit?
A: Bybit does not charge fees for most deposits. However, blockchain network fees apply for crypto transfers, and third-party providers may have their own charges.
Q: How long do crypto deposits take to reflect in my account?
A: Most deposits are credited within 10–30 minutes, depending on network congestion and confirmation times.
Q: Can I deposit fiat using PayPal?
A: Direct PayPal deposits are not supported, but some third-party gateways may accept PayPal as a funding source.
Q: Is P2P trading safe on Bybit?
A: Yes—Bybit uses an escrow system that holds funds until both parties fulfill their obligations, minimizing fraud risk.
Q: Do I need KYC to deposit funds?
A: KYC is required for fiat deposits and third-party purchases but not for standard crypto deposits.
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With multiple deposit options tailored to different needs, Bybit ensures accessibility, speed, and security for all users. Whether you're funding your account for the first time or scaling your trading activity, choosing the right method makes all the difference.
👉 Discover a faster, smarter way to manage your digital assets today.