how to transfer bitcoin to bybit

To transfer Bitcoin to your Bybit account, follow these steps: create an account, deposit Bitcoin into your Spot Account, select a deposit method, input the Bitcoin address provided by Bybit, confirm the transaction, and finally monitor the transfer status.

Nov 05, 2024 at 04:02 pm

How to Transfer Bitcoin to Bybit

Step 1: Create a Bybit Account

• Visit the Bybit website and sign up for an account.
• Complete the KYC verification process to unlock full functionality.

Step 2: Deposit Bitcoin into Your Bybit Spot Account

• Log in to your Bybit account and navigate to the "Assets" page.
• Click on "Spot Account" and then "Deposit."
• Select "BTC" under "Cryptocurrency."

Step 3: Select a Deposit Method

• BTC Main Network (Recommended): Send Bitcoin directly from your external wallet.
• ERC-20 Address: Send Bitcoin using an Ethereum Wrapped Bitcoin (WBTC) token.

Step 4: Input Your Bitcoin Address

• For BTC Main Network: Copy the Bitcoin address provided by Bybit.
• For ERC-20 Address: Copy the Ethereum address provided by Bybit.

Step 5: Confirm the Transaction

• Send the desired amount of Bitcoin to the address you copied.
• Check the confirmation status on the blockchain.

Step 6: Monitor Transfer

• The Bitcoin transfer should arrive in your Bybit Spot Account within 30-60 minutes.
• Track the progress on the "Assets" page under "Transaction History."

Additional Tips:

• Use a wallet that supports sending Bitcoin over both BTC Main Network and Ethereum blockchain.
• Ensure the deposit address is correct before sending the funds.
• Consider using a transaction ID or memo for easier tracking.
• Be aware of any transaction fees associated with the transfer.
• If you encounter any issues, contact Bybit customer support for assistance.