how to convert btc to usdt on bybit

On the Bybit exchange, you can swiftly convert your Bitcoin (BTC) to Tether (USDT) by following a straightforward set of steps, including signing in, navigating to the "Convert" page, selecting assets, specifying the amount, opting for a specific rate (optional), confirming, and awaiting the conversion process to complete.

Nov 05, 2024 at 11:38 pm

How to Convert BTC to USDT on Bybit

Bybit is a popular cryptocurrency exchange that allows users to trade a wide range of digital assets. If you want to convert your Bitcoin (BTC) to Tether (USDT) on Bybit, follow these steps:

1. Sign In to Your Bybit Account

• Head to the Bybit website or mobile app and log in to your account.

2. Navigate to the Convert Page

• Click on the "Assets" tab on the top right corner of the screen.
• Select the "Convert" option from the left-hand menu.

3. Select the Assets

• In the "From" field, choose BTC.
• In the "To" field, choose USDT.

4. Enter the Amount

• Enter the amount of BTC you want to convert. You can either enter a specific amount or use the percentage buttons to convert a portion of your BTC balance.

5. Choose a Rate (Optional)

• If desired, you can choose a specific conversion rate by selecting "Limit Order." Otherwise, leave it as "Market Order" to execute the conversion at the current market rate.

6. Confirm the Conversion

• Review the details of your conversion order. If everything is correct, click the "Confirm" button.

7. Wait for the Conversion

• Your BTC will be converted to USDT and deposited into your Bybit USDT balance. The conversion process usually takes a few minutes, but it may vary depending on network congestion.

Note:

• Bybit charges a 0.1% conversion fee for converting BTC to USDT.
• Ensure you have sufficient BTC in your Bybit account before initiating the conversion.
• Double-check the conversion details before confirming to avoid errors.