Depositing cryptocurrency involves transferring digital assets from an external wallet or another exchange to your Bybit account through blockchain transactions. Below is a step-by-step guide to help you navigate the deposit process seamlessly.
Key Considerations Before Depositing
- Supported Assets & Blockchains: Only deposit supported cryptocurrencies via their approved blockchains as listed on Bybit’s Asset Page.
- Deposit Requirements: Each currency has unique requirements (e.g., minimum deposit amount, smart contract compatibility). Always review the deposit page notes before proceeding.
Memo/Tag for Specific Chains: For XRP, EOS, TON, and similar chains requiring a deposit memo/tag:
- Enter the correct memo/tag in the withdrawal request’s comment field.
- Verify the memo/tag in the deposit window. Omitting or mislabeling it may result in permanent asset loss.
- Refer to the On-Chain Deposit FAQ for details.
Step-by-Step Deposit Guide
Step 1: Access the Deposit Page
- Click [Assets] at the bottom-right corner of the page.
- Select [Deposit].
Step 2: Select Your Cryptocurrency
- Choose from the list or search for your desired asset.
Step 3: Generate Deposit Address
On the deposit page:
- Scan the QR code or
- Copy the deposit address to use as the recipient address elsewhere.
Step 4: Initiate External Transfer
- Paste Bybit’s wallet address (and memo/tag if required) on the sending platform.
- Double-check the address before confirming the transaction.
Step 5: Adjust Default Deposit Account (Optional)
Bybit deposits funds into your Funding Account by default. To redirect:
- Select Auto-Transfer Destination under Spot, Derivatives, or Other Accounts.
Alternative Deposit Methods
Besides on-chain transfers, fund your Bybit account via:
- Bank Card Payments: Buy crypto with your card.
- Third-Party Channels: Purchase crypto via partners.
- P2P Trading: Trade directly with others.
- Fiat Deposits: Follow this guide for fiat funding.
👉 Explore Bybit’s seamless deposit options to maximize your trading flexibility.
FAQs
1. How long do cryptocurrency deposits take?
Deposit times vary by blockchain congestion. Most transactions complete within 10–30 minutes.
2. What if I send unsupported crypto to Bybit?
Unsupported assets may be permanently lost. Always verify compatibility before transferring.
3. Can I deposit without a memo/tag for XRP?
No. Omitting the memo/tag will result in the loss of funds.
4. Why hasn’t my deposit arrived?
Check the blockchain explorer for transaction status. If confirmed but not credited, contact Bybit support with the TXID.
5. Is there a deposit fee?
Bybit charges no fees, but the sending network (e.g., Ethereum gas fees) may impose costs.
6. Can I change the deposit account after transferring?
No. Ensure the correct account is selected before depositing.
👉 Start trading with confidence using Bybit’s secure deposit system. Always prioritize double-checking addresses and memos to safeguard your assets.