How to Send BTC from Bybit to Binance? Complete Bitcoin Transfer Tutorial

Accessing Your Bybit BTC Wallet

1. Log in to your Bybit account using verified credentials and two-factor authentication.

2. Navigate to the Assets section, then select Spot Wallet or BTC Wallet depending on your holding type.

3. Click the Withdraw button next to the BTC balance display.

4. Confirm wallet address whitelisting status — if unwhitelisted, initiate a new address verification request with Binance’s deposit address.

5. Review network selection: ensure Bitcoin Mainnet (BTC) is selected — never choose BEP-2, BEP-20, or ERC-20 for native BTC transfers.

Retrieving Your Binance BTC Deposit Address

1. Sign in to your Binance account with active security protocols enabled.

2. Go to Wallet → Spot Wallet, then click Deposit.

3. Search for BTC and select it from the asset list.

4. Copy the displayed Bitcoin deposit address — this is a legacy (P2PKH), SegWit (P2SH), or native SegWit (Bech32) address; all are valid on Bitcoin Mainnet.

5. Verify the address format matches BTC standards — Bech32 addresses start with bc1, P2PKH with 1, and P2SH with 3.

Initiating the Withdrawal on Bybit

1. Paste the Binance BTC deposit address into the Bybit withdrawal field without any modifications.

2. Enter the exact BTC amount to send, accounting for the network fee — Bybit displays the fee dynamically before confirmation.

3. Select BTC Network explicitly; avoid dropdown auto-suggestions that may default to other chains.

4. Complete SMS and Google Authenticator verification steps as prompted.

5. Submit the transaction — a unique TXID will be generated and visible in the withdrawal history within seconds.

Tracking Transaction Confirmation

1. Use a blockchain explorer like Blockstream.info or Mempool.space to paste the TXID.

2. Monitor confirmation count — Binance requires 1 confirmation for BTC deposits to appear in your Spot Wallet balance.

3. Observe mempool status: high congestion may delay first confirmation beyond 10 minutes; average block time remains ~10 minutes.

4. Check Binance’s deposit history page — status changes from Processing to Completed once confirmed.

5. Do not resend the same transaction — duplicate submissions risk double-spending attempts and are rejected by nodes.

Frequently Asked Questions

Q1. Can I send BTC from Bybit to a Binance US account?Yes, but only if the Binance US wallet supports native BTC deposits on Bitcoin Mainnet — verify the deposit address format and jurisdictional restrictions before initiating.

Q2. What happens if I select BEP-20 instead of BTC network during withdrawal?The transaction will fail or send irrecoverable funds to an incompatible chain — BEP-20 BTC is a wrapped token, not native Bitcoin; Bybit does not support cross-chain BTC bridging in standard withdrawals.

Q3. Why does my BTC deposit show “Pending” on Binance after 3 confirmations?This indicates a mismatch between the expected address format and the one used — Binance may reject non-whitelisted Bech32 addresses for certain account tiers or regions; recheck deposit settings and contact support with TXID.

Q4. Is there a minimum BTC withdrawal amount on Bybit?Bybit enforces a minimum withdrawal threshold of 0.0005 BTC; amounts below trigger an error during submission and cannot be processed.