How to transfer crypto from Coinbase to Bybit?

Transferring crypto from Coinbase to Bybit requires matching the correct blockchain network on both platforms to avoid permanent fund loss.

Aug 06, 2025 at 10:02 am

Understanding the Basics of Crypto Transfers Between Exchanges

Transferring cryptocurrency from Coinbase to Bybit involves moving digital assets from one centralized exchange to another. This process requires careful attention to network compatibility, wallet addresses, and transaction fees. Both platforms support multiple cryptocurrencies and various blockchain networks. It's essential to ensure that the coin type and blockchain network selected during withdrawal from Coinbase match the deposit options available on Bybit. Mismatched networks can result in permanent loss of funds, so verifying the correct network is crucial.

Before initiating a transfer, users must log in to both Coinbase and Bybit accounts. It's recommended to enable two-factor authentication (2FA) on both platforms for added security. Also, confirm that the cryptocurrency you intend to transfer is supported on Bybit. For example, if transferring USDT, you must check whether Bybit accepts USDT on ERC-20, BEP-20, or TRC-20 networks and ensure Coinbase sends it via the same network.

Preparing Your Bybit Account for Deposit

To receive crypto on Bybit, you must generate a deposit address. Begin by logging into your Bybit account and navigating to the Assets section. Click on Deposit and search for the cryptocurrency you wish to receive, such as Bitcoin (BTC) or Tether (USDT). After selecting the coin, choose the appropriate blockchain network. For example, if you plan to use the Binance Smart Chain (BEP-20), select that network from the dropdown menu.

• Click on Create Address if prompted
• Copy the generated wallet address carefully
• Ensure the network selected matches the one you'll use on Coinbase
• Do not close the window until the transfer is complete

This address is unique to your Bybit account and the selected network. Depositing to an incorrect network will result in irreversible loss. Some coins may require a memo or tag (common with XRP or XLM), but most like BTC, ETH, or USDT do not. Always double-check Bybit’s deposit instructions for the specific asset.

Withdrawing Crypto from Coinbase

Log in to your Coinbase account and go to the Wallets section. Find the cryptocurrency you want to transfer and click on Send. In the pop-up window, paste the deposit address copied from Bybit into the recipient field. It is critical to verify the address character by character to prevent sending funds to the wrong destination.

Next, select the network for the transfer. This step is one of the most important. For instance, if you copied a BEP-20 (BSC) address from Bybit, you must choose Binance Smart Chain as the network on Coinbase. Choosing Ethereum (ERC-20) instead will send the funds to an incompatible network, making recovery difficult or impossible.

• Enter the amount you wish to transfer
• Confirm the network one final time
• Review the estimated transaction fee
• Click Continue and authenticate using 2FA

Coinbase will display a summary of the transaction, including the address, amount, network, and fee. Only proceed if all details are accurate.

Monitoring the Transfer and Confirming Receipt

After confirming the withdrawal, the transaction will be broadcast to the blockchain. You can track its progress using a blockchain explorer. To do this, copy the transaction ID (TXID) provided by Coinbase and paste it into a relevant explorer such as Etherscan for Ethereum-based tokens or BscScan for BEP-20 tokens.

On Bybit, go to Assets > Deposit History to monitor incoming transactions. The deposit may take anywhere from a few seconds to over 30 minutes, depending on network congestion and confirmation requirements. Most transfers settle within 10–20 minutes. Once confirmed, the funds will appear in your Bybit spot wallet.

If the deposit does not appear after an extended period:

• Verify the network used matches on both ends
• Check the TXID on a blockchain explorer
• Contact Bybit support with the TXID and deposit address

Never assume a transaction failed immediately; blockchain confirmations can be delayed during peak times.

Avoiding Common Transfer Mistakes

One of the most frequent errors is selecting the wrong network. For example, sending USDT via ERC-20 to a BEP-20 address will result in loss. Always match the withdrawal network on Coinbase with the deposit network on Bybit. If in doubt, send a small test transaction first—such as $5 worth of crypto—to confirm everything works.

Another common issue is copy-paste errors when handling wallet addresses. Manually typing addresses increases the risk of mistakes. Use the copy function provided by Bybit and paste carefully into Coinbase. Some browsers or devices may add spaces or alter characters, so visually inspect the pasted address.

• Never share your private keys or recovery phrases
• Avoid using public Wi-Fi during transfers
• Keep your software and apps updated
• Bookmark official exchange URLs to avoid phishing sites

Phishing sites often mimic legitimate platforms. Always ensure you are on coinbase.com and bybit.com before logging in.

Frequently Asked Questions

Can I transfer any cryptocurrency from Coinbase to Bybit?

No, only cryptocurrencies supported by both exchanges can be transferred. For example, Dogecoin (DOGE) or Chainlink (LINK) are available on both, but niche tokens may not be supported on Bybit. Check Bybit’s deposit page for a full list of accepted coins and their networks.

What happens if I send crypto using the wrong network?

If you send funds via an incompatible network, they may not appear in your Bybit account. In some cases, recovery is possible if the network is technically compatible but requires manual intervention. Contact Bybit Support immediately with the TXID and details. However, funds sent to completely wrong networks (e.g., ERC-20 to a TRC-20 address) are typically lost forever.

Are there fees for transferring crypto from Coinbase to Bybit?

Yes, Coinbase charges a network transaction fee based on current blockchain congestion. This fee goes to miners or validators, not Coinbase. Bybit does not charge a deposit fee for most cryptocurrencies. The fee amount varies—for example, Ethereum (ETH) transfers may cost more during high traffic periods.

Do I need a verification level on Bybit to receive funds?

You do not need to complete KYC to receive crypto on Bybit. Wallet addresses are generated even on unverified accounts. However, withdrawal and trading limits apply to unverified users. To fully utilize your account, complete identity verification through the KYC process in the Bybit app or website.