bybit how to convert btc to usdt

To convert Bitcoin (BTC) to Tether (USDT) on the Bybit exchange platform, log in, navigate to the Spot Exchange, select the BTC/USDT pair, enter the conversion amount, select a price type, and confirm the transaction.

Oct 30, 2024 at 09:15 am

How to Convert BTC to USDT on Bybit

Step 1: Log in to Your Bybit Account

• Visit the Bybit website or download the mobile app.
• Enter your login credentials or create a new account if you don't have one.

Step 2: Navigate to the Exchange

• Click on the "Exchange" tab on the top menu bar.
• Select the "Spot" market option.

Step 3: Select the BTC/USDT Trading Pair

• Scroll down the trading pairs list and click on "BTC/USDT."
• Alternatively, you can use the search bar to quickly find the trading pair.

Step 4: Enter the Conversion Amount

• In the "Amount" field, enter the number of BTC you want to convert to USDT.
• You can also use the percentage buttons to specify the amount relative to your available BTC balance.

Step 5: Set the Price

• Choose whether you want to convert your BTC at the current market price (Market) or set a limit price (Limit).
• For a market order, the conversion will execute immediately at the current market rate.
• For a limit order, you set a specific target price at which the conversion will be executed.

Step 6: Confirm the Conversion

• Review the conversion details, including the amount of BTC being converted, the USDT amount you will receive, and any transaction fees.
• Click on the "Confirm" button to execute the conversion.

Step 7: Check the Conversion History

• Once the conversion is complete, you can check the history in the "Spot Trading" section under the "Order History" tab.
• Your USDT balance will be updated with the converted amount.

Additional Notes:

• Bybit charges a standard maker/taker fee of 0.1% for spot trading.
• The minimum conversion amount is 0.001 BTC.
• USDT received from the conversion will be credited to your Bybit Spot USDT wallet.