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Views: Cryptocurrency exchange Bybit offers various deposit methods, including using bank cards, P2P trading, third-party services, and fiat currency transfers. Let's look at each of the deposit methods in detail so you can choose the most suitable option.
The account is funded, but the funds are not displayed on Veles
Once the cryptocurrency is received by the exchange, the funds are credited to your Funding Account, which is located in the Assets section. In order to use these funds on the trading markets, you need to transfer them to the Single Trading Account. You can do this as follows:
After logging into your account, open the Assets section, then Transfer.
Specify the source of the transfer and the target account (e.g. Funding Account → Trading Account).
Select the desired cryptocurrency and the amount you want to transfer.
How to fund the exchange, Bybit deposit options
Bybit offers several options for depositing funds. Let's break down the main ones:
P2P trading
The P2P platform on Bybit allows you to make trades directly with other users. How it works:
Open the “P2P trading” section on the platform.
Select a suitable offer by specifying your preferred payment method, currency and desired amount.
Transfer money to the seller to his details specified in the ad.
Wait for the transaction to be confirmed and the cryptocurrency to be credited to your account.
The funds acquired after the P2P transaction will go to the Funding account. After that, from there you will need to transfer them to the account you need using the method described at the beginning of the article.
Advantages:
No commissions on the P2P platform.
Possible commissions may only be charged by third-party payment services.
Depositing via bank cards
Cryptocurrency can be purchased directly using credit or debit cards. Algorithm of actions:
Authorize in your Bybit account.
In the main menu, open the “Buy Cryptocurrency” section.
Select the “Pay with bank card” function and specify the amount.
Follow the instructions to complete the transaction.
Important to know:
KYC will be required to use a bank card.
The amount of payment fees charged and the currencies available depend on the region and the specific payment provider.
Some cards may not be supported by the exchange depending on your location.
There are other ways to deposit, but the above are more prioritized and convenient.
Using exchangers (BestChange)
When depositing using exchangers, follow the steps below:
Register on Bybit.
Select from the available cryptocurrencies and networks the ones you want to deposit with (e.g. USDT on the TRC-20 network).
Go to the BestChange website page and filter your search:
In the “Giving” column, you need to select one of the offered payment methods (e.g. bank card or e-wallet).
In the “Receive” column, specify the cryptocurrency you want to receive on your Bybit wallet.
From the proposed list, choose an exchanger with suitable conditions (rate, seller, reviews).
On the page of the exchanger, specify your Bybit wallet address.
Complete the transaction by following the instructions.
Funds will be credited within a few minutes or hours, it depends on the level of network congestion.
Conclusion
Bybit provides a wide range of deposit options so that each user can choose a convenient and profitable way to deposit. Before starting the transaction, it is important to clarify the amount of commission, limits and make sure that your account has passed the necessary verification. This will help you avoid delays and ensure the safety of transactions.
Frequently Asked Questions (FAQ)
1. Is verification required to deposit cryptocurrency?
Verification is not required for cryptocurrency deposits, but KYC may be mandatory for fiat transactions.
2. What is the commission for depositing from a card?
The commission depends on the chosen payment provider. The amount of commission can be specified before completing the transaction.
3. Are there limits for replenishment?
There are limits for replenishment and they vary depending on the level of verification and the method used. Check the current values on the Bybit website.
4. How long does it take to deposit funds?
This time varies depending on the chosen method. Deposits in cryptocurrency arrive after all confirmations and checks within the blockchain, while fiat transfers can take from a few minutes to a day.
5. Is it safe to deposit to the Bybit exchange?
The exchange has implemented advanced technologies to ensure the protection of users' funds. For added security, activate two-factor authentication, financial password and authenticate the websites you visit.
