How to Buy Ethereum on Bybit? (Spot Market)

Creating a Bybit Account

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 or phone number, create a strong password, and complete the CAPTCHA verification.

3. Confirm your registration via the email or SMS verification link/code sent to your provided contact method.

4. Proceed to complete identity verification (KYC) by uploading government-issued ID documents and a clear selfie holding the document.

5. Wait for Bybit’s compliance team to review and approve your submission—this typically takes under 24 hours for standard submissions.

Funding Your Bybit Wallet

1. Log into your verified Bybit account and go to the “Assets” section from the main navigation bar.

2. Select “Deposit” and choose your preferred fiat on-ramp method—bank transfer, credit/debit card, or third-party payment providers such as MoonPay or Ramp.

3. Enter the amount you wish to deposit in USD or EUR and follow the on-screen instructions to complete the transaction.

4. Once confirmed on-chain or processed by the payment gateway, funds will appear in your Spot wallet within seconds to minutes.

5. Ensure your deposited balance is reflected under “USDT” or “USD” in the Spot wallet before proceeding to trade.

Navigating the Spot Trading Interface

1. Click “Trade” in the top menu and select “Spot” to access the spot trading dashboard.

2. Use the search bar to locate ETH/USDT—the most liquid Ethereum trading pair on Bybit.

3. Choose between “Market”, “Limit”, or “Stop-Limit” order types depending on execution priority and price control needs.

4. For immediate execution, enter the desired ETH quantity in the “Amount” field and click “Buy ETH” under the market order panel.

5. Confirm the order details including total cost in USDT and estimated slippage before final submission.

Managing Your Ethereum Holdings

1. After purchase, ETH appears instantly in your Spot wallet under the “Assets” tab.

2. You may view real-time balance, available balance, and locked amounts related to open orders.

3. To withdraw ETH, click “Withdraw”, select Ethereum (ERC-20), paste your external wallet address, and specify the amount.

4. Confirm withdrawal using your two-factor authentication method—Google Authenticator or hardware key if enabled.

5. Monitor the transaction hash on Etherscan after confirmation; typical network confirmations range from 12 to 30 blocks.

Frequently Asked Questions

Q: Is there a minimum ETH purchase amount on Bybit Spot?A: Yes—the minimum order size for ETH/USDT is 0.001 ETH. Orders below this threshold will be rejected by the matching engine.

Q: Can I buy ETH with PayPal on Bybit?A: No—Bybit does not accept PayPal directly. Users must use supported methods like bank transfer, cards, or integrated ramp partners.

Q: Are spot ETH purchases subject to trading fees?A: Yes—Bybit applies a tiered fee structure based on 30-day trading volume and VIP level. Standard taker fees start at 0.1%, while maker fees begin at 0.02%.

Q: Does Bybit store my private keys when I hold ETH in the Spot wallet?A: Yes—Bybit operates a custodial wallet infrastructure. Private keys are managed exclusively by Bybit’s security systems and are not accessible to users.