how to convert eth to usdt on bybit

To sell your Ethereum (ETH) on Bybit, create an account, deposit ETH, navigate to the trading page, place a limit sell order slightly below the market price, monitor it, and withdraw your USDT once the order is executed.

Oct 27, 2024 at 04:19 pm

Step 1: Create a Bybit Account

Head to the Bybit website and create a new account by providing your email address, password, and other required information.

Step 2: Deposit ETH

Once your account is verified, navigate to the "Assets" section and select "Deposit." Choose ETH as the deposit currency and follow the instructions to transfer your ETH to your Bybit account.

Step 3: Go to the Trading Page

After your ETH deposit is received, go to the "Trade" section of Bybit. Select the "USD" tab and find the ETH/USDT trading pair from the list of available markets.

Step 4: Place a Limit Sell Order

Enter the amount of ETH you want to sell and the desired USDT price. Click on the "Sell Limit" button to place an order. Ensure that the price is slightly below the current market price to ensure a quick execution.

Step 5: Monitor Your Order

Your limit sell order will be added to the order book. You can monitor its status in the "Orders" tab under "Open Orders." Once the order is filled, the ETH will be sold for USDT.

Step 6: Withdraw USDT

After the sell order is completed, you can now withdraw your USDT to your chosen external wallet. Navigate to the "Assets" section and select "Withdraw." Choose USDT as the withdrawal currency and enter the withdrawal amount. Follow the on-screen instructions to complete the transaction.