How to buy Avalanche (AVAX) on Bybit exchange?

Creating an Account on Bybit

1. Navigate to the official Bybit website and click the 'Sign Up' button located in the top-right corner.

2. Enter a valid email address and create a strong password that includes uppercase letters, lowercase letters, numbers, and special characters.

3. Complete the CAPTCHA verification to confirm human interaction.

4. Check your inbox for a confirmation email from Bybit and click the activation link to verify your account.

5. Log in to your newly created account and proceed to the security settings to enable two-factor authentication using Google Authenticator or SMS.

Completing Identity Verification

1. Go to the 'Assets' section and select 'Identity Verification' from the dropdown menu.

2. Choose your country of residence and select the appropriate ID type—passport, national ID card, or driver’s license.

3. Upload clear, unobstructed images of both the front and back of your identification document.

4. Take a real-time selfie holding your ID next to your face, ensuring all text and facial features are fully visible.

5. Submit the documents and wait for the automated review process, which typically completes within minutes but may take up to 24 hours.

Funding Your Bybit Wallet

1. After verification, go to the 'Assets' tab and click 'Deposit' to access funding options.

2. Select a supported cryptocurrency such as USDT, BTC, or ETH, depending on your existing holdings.

3. Copy the unique deposit address generated by Bybit for your chosen asset.

4. Initiate a transfer from your external wallet or another exchange, making sure the network matches—e.g., TRC-20 for USDT if using TRON, or ERC-20 if using Ethereum.

5. Wait for the required number of blockchain confirmations; deposits usually reflect in your Bybit balance within seconds to several minutes.

Purchasing AVAX via Spot Trading

1. Click on 'Trade' in the main navigation bar and select 'Spot' to enter the spot trading interface.

2. Use the search bar to locate the AVAX/USDT trading pair and click on it to load the order book and chart.

3. In the order panel, choose 'Market' to execute an immediate purchase at the best available ask price.

4. Enter the amount of AVAX you wish to buy or specify how much USDT you want to spend.

5. Click the green 'Buy AVAX' button to submit the order—the transaction settles instantly and the tokens appear in your spot wallet.

Storing AVAX Securely Post-Purchase

1. Access the 'Assets' page and locate AVAX under your spot wallet balance.

2. Click 'Withdraw' next to the AVAX balance to initiate a withdrawal request.

3. Paste a trusted external wallet address—preferably one controlled by hardware or non-custodial software wallets supporting the Avalanche C-Chain.

4. Confirm the network selection: ensure it is set to Avalanche C-Chain (AVAX), not Ethereum or other incompatible chains.

5. Enter the withdrawal amount, complete the two-factor authentication prompt, and submit the request.

Frequently Asked Questions

Q: Can I buy AVAX directly with fiat currency on Bybit?A: Yes, Bybit supports direct fiat-to-AVAX purchases through third-party payment gateways like MoonPay and Ramp Network. These options appear under the 'Buy Crypto' tab after login.

Q: What is the minimum AVAX purchase amount on Bybit?A: The minimum trade size for AVAX/USDT on Bybit’s spot market is 0.1 AVAX. This threshold may vary slightly depending on current market conditions and order book depth.

Q: Are there trading fees when buying AVAX on Bybit?A: Yes, Bybit applies a standard spot trading fee of 0.1% for takers and 0.02% for makers. Fee rates decrease with higher 30-day trading volume and VIP tier status.

Q: Why does my AVAX withdrawal show as pending?A: Pending status usually indicates insufficient network confirmations or a mismatch between the selected withdrawal network and the destination wallet’s supported chain. Always verify C-Chain compatibility before initiating transfers.