This guide explores three methods to fund your Bybit account: crypto transfers, P2P trading, and credit card purchases. Learn the pros/cons of each and how to choose the best option for your needs.
Bybit Deposit Methods Overview
Before depositing, ensure you’ve completed Level 1 identity verification (ID + facial recognition).
| Method | Pros | Cons | Best For |
|---|---|---|---|
| Crypto Transfer | Low cost, versatile | Requires technical knowledge | Long-term investors |
| P2P Trading | Convenient | Higher fees, security risks | Small deposits (<$1,000) |
| Credit Card | Instant, easy | High fees (3%+) | Beginners/testing small sums |
Method 1: Crypto Transfer (Recommended)
How It Works: Send crypto from another platform (e.g., MAX Exchange) to your Bybit wallet.
Steps:
Get Your Bybit Address:
- In Bybit’s app, navigate to Buy/Deposit/P2P → Deposit Crypto → Select USDT (TRC20 network) → Copy the address.
Withdraw from MAX:
- In MAX, go to Wallet → USDT → Send → Paste Bybit’s TRC20 address.
- Wait 5 minutes for the transfer to complete.
👉 Best practices for crypto transfers
Cost: ~1 USDT per transfer.
Method 2: P2P Trading (Use Caution)
Process: Buy crypto directly from other users via bank transfer.
Drawbacks:
- Limited seller availability by region.
- Prices ~1% higher than market rates.
Steps:
- Go to P2P Trading in Bybit’s app.
- Select a seller and follow their payment instructions.
⚠️ Warning: Verify seller reputations to avoid scams.
Method 3: Credit Card (For Small Amounts)
Process: Buy crypto instantly via Google Pay/Apple Pay or card.
Fees:
- ~3% premium + 1.5% foreign transaction fee.
Steps:
- Select Quick Buy → Choose a coin → Enter amount → Pay via card.
How to Deposit TWD into Bybit
Bybit doesn’t support direct TWD deposits. Instead:
- Buy USDT on a Taiwanese exchange (e.g., MAX, BitoPro).
- Transfer USDT to Bybit via TRC20.
Bybit Deposit Fees
| Method | Fee Structure |
|---|---|
| Crypto Transfer | Network fee (~1 USDT) |
| P2P | ~1% price markup |
| Credit Card | ~3% + bank fees |
FAQs
Q: What’s the minimum deposit?
A: ~500 TWD via credit card.
Q: How long do deposits take?
- Crypto: ~5 minutes (TRC20).
- P2P/Credit Card: Instant.
Key Takeaways
- Crypto transfers are the most cost-effective for large deposits.
- P2P suits small, quick trades but carries risks.
- Credit cards are easy but expensive.
👉 Explore Bybit’s advanced features
For more guides, visit our crypto learning hub.
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