How to Deposit Cryptocurrency or Fiat on Bybit: Easy Steps for Beginners
Learn how to transfer both crypto and fiat to your Bybit account safely and securely, whether you're funding your account for the first time or making an additional deposit. We cover everything from selecting your deposit method to confirming transactions, with tips for avoiding common mistakes.
Whether you're new to Bybit or cryptocurrency trading, this guide ensures your deposit experience is smooth and hassle-free!
Depositing Money on Bybit: Complete Guide for Beginners
If you’re new to crypto trading, one of the first steps you’ll need to take is funding your exchange account. Bybit, a leading cryptocurrency exchange, makes it simple and secure to deposit funds—whether you’re transferring crypto from another wallet or adding fiat currency via a supported payment method.
In this beginner-friendly guide, you’ll learn how to deposit money on Bybit step by step, including crypto and fiat deposits, plus tips to ensure smooth and safe transactions.
🔹 Step 1: Log In to Your Bybit Account
Go to the Bybit website or open the Bybit mobile app.
Click or tap “Log In” and enter your credentials.
💡 Tip: Always double-check the website URL and use Two-Factor Authentication (2FA) for extra security.
🔹 Step 2: Navigate to the Deposit Page
Once logged in:
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Hover over “Assets” in the top menu.
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Click or tap “Deposit.”
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Choose between Crypto Deposit or Fiat Deposit, depending on your preference.
🔹 Step 3: How to Deposit Cryptocurrency on Bybit
To deposit crypto from another wallet or exchange:
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Select the crypto asset you want to deposit (e.g., BTC, ETH, USDT).
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Choose the correct network (e.g., ERC20, TRC20, BEP20).
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Copy your Bybit wallet address or scan the QR code.
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Paste the address into your external wallet or exchange and initiate the transfer.
✅ Important: Always confirm that the sending and receiving networks match to avoid losing funds.
🔹 Step 4: How to Deposit Fiat Currency on Bybit
Bybit supports fiat deposits in select regions and through specific methods:
Common fiat options:
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Bank Transfer (SEPA, SWIFT)
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Credit/Debit Cards
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Third-party providers (e.g., Banxa, MoonPay)
Steps:
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Click “Buy Crypto” or choose Fiat Deposit.
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Select your currency and payment method.
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Enter the amount you want to deposit.
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Complete KYC (if not already done).
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Follow the on-screen instructions to complete the payment.
💡 Note: Fees and processing times vary depending on the method and provider.
🔹 Step 5: Confirm Your Deposit
After submitting your deposit:
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Go to Assets Funding or Spot Account to view your balance.
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Click “Transaction History” to track deposit status.
⏱️ Crypto deposits usually reflect within minutes (based on network speed).
💵 Fiat deposits may take from a few minutes to a few business days, depending on the method.
🔹 Deposit Safety Tips for Beginners
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Use only your personal wallet or a trusted exchange to deposit.
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Double-check the address before sending any crypto.
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Avoid using unsupported networks—this may result in permanent loss.
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Enable withdrawal whitelist and anti-phishing codes for added security.
🎯 Why Deposit on Bybit?
✅ Beginner-friendly platform with step-by-step guides
✅ Supports multiple cryptocurrencies and fiat currencies
✅ Fast processing with real-time deposit updates
✅ Low fees and high liquidity for trading
✅ 24/7 support for deposit-related issues
🔥 Conclusion: Start Trading by Depositing Funds on Bybit Today
Depositing money on Bybit is a quick, easy, and secure process, whether you’re transferring crypto or using fiat. With this guide, beginners can confidently take their first step into crypto trading—by funding their Bybit account and getting ready to explore the markets.
Ready to trade? Log in to Bybit and make your first deposit today to start your crypto journey! 💰📲🚀