How to transfer assets between Bybit accounts?

Understanding Internal Transfers on Bybit

1. Internal transfers on Bybit refer to the movement of digital assets between different account types under the same user identity—such as from Spot to Unified Trading Account (UTA), or between sub-accounts within a master account.

2. These transfers do not involve blockchain networks, meaning no transaction fees are incurred and confirmations happen instantly.

3. Users must be fully verified (KYC Level 2) to access certain transfer functionalities, especially those involving derivatives or margin balances.

4. Asset eligibility varies by account type; for example, USDT-margined perpetual contracts require USDT in the UTA, while coin-margined positions require BTC or ETH deposited directly into the UTA’s coin wallet.

5. Transfers are subject to real-time balance checks; attempting to move more than the available balance triggers an immediate rejection with an error code.

Step-by-Step Process for Spot to Unified Trading Account Transfer

1. Log in to your Bybit account and navigate to the Assets section from the top navigation bar.

2. Select Spot Wallet, then click the Transfer button located beside the asset you wish to move.

3. Choose Unified Trading Account as the destination, input the amount, and confirm using your Google Authenticator or SMS code.

4. The system validates the request against your current Spot balance and UTA deposit limits before executing the transfer.

5. Upon success, the asset appears in your UTA’s wallet tab within seconds, and a timestamped record is added to your transfer history.

Managing Sub-Account Transfers

1. Master account holders can allocate funds to sub-accounts only after enabling sub-account management in the Security Settings panel.

2. Each sub-account operates independently with its own API keys, trading permissions, and withdrawal whitelists.

3. To initiate a transfer, go to Sub-Account Management, select the target sub-account, and choose Transfer Funds.

4. Specify the direction—either from master to sub or sub to master—and enter the exact amount and asset symbol.

5. A mandatory email confirmation is sent to the registered address before final execution, adding an extra layer of security against unauthorized redistribution.

Restrictions and Common Error Scenarios

1. Assets held in open orders, pending withdrawals, or locked for staking cannot be transferred until those conditions are resolved.

2. Attempting to transfer unsupported tokens—such as newly listed assets still undergoing integration—results in an “Asset Not Available” message.

3. Cross-chain assets like ERC-20 USDT cannot be moved into wallets expecting TRC-20 USDT without prior conversion through the Convert tool.

4. Exceeding daily transfer quotas set by Bybit’s risk engine may temporarily suspend further internal movements until the next calendar day.

5. Two-factor authentication failures during confirmation steps halt the process entirely, requiring re-authentication before retrying.

Frequently Asked Questions

Q: Can I transfer assets between my Bybit account and another user’s Bybit account?A: No. Bybit does not support peer-to-peer internal transfers. All transfers must occur between wallets owned by the same verified identity.

Q: Why does my transferred asset not appear in my UTA after five minutes?A: Delays beyond three seconds indicate either a failed submission or a backend synchronization issue. Check the transfer history log for status codes like “Failed” or “Pending Review”.

Q: Is there a minimum amount required for internal transfers?A: Yes. Most assets have a minimum transfer threshold—for instance, 0.001 BTC or 1.0 USDT—to prevent dust accumulation in destination wallets.

Q: Do internal transfers affect my tax reporting obligations?A: While no blockchain transaction occurs, tax authorities in jurisdictions like the US or UK may still treat internal movements as taxable events if they reflect economic benefit realization or recharacterization of asset use.