How to Transfer Tether (USDT) from Bybit to OKX

This article will show you how to move Tether (USDT) between the two popular trading platforms Bybit and OKX.

Many users in the crypto space trust Bybit and OKX as two centralized crypto exchanges. In this article, we’ll show you how to move Tether (USDT) between the two popular trading platforms. The process is quite straightforward and easily performed by newcomers to crypto. If you are sending funds from one exchange to another for the first time, we recommend that you first send a smaller amount to get familiar with the procedure.

About Bybit

Bybit is a platform for crypto trading that was founded in 2018, offering markets and advanced trading features for both spot and derivatives products. Bybit features a rich catalog of supported digital assets, several passive income-generating products, and a rewarding loyalty program. Traders can trade with leverage on the platform. Unfortunately, Bybit is not available for US traders.

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About OKX

OKX is one of the biggest exchanges in the world, boasting a comprehensive suite of products and services. The exchange operates internationally and is available to users from most jurisdictions. The platform offers features like margin trading, DeFi staking, Earn services, and much more. OKX supports buying crypto via fiat, which is a useful feature for traders who want to buy crypto with their credit cards.

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OKX Review: A Complete Derivatives Cryptocurrency Exchange

Open OKX Account

Step-by-step guide

As mentioned in the intro, the process of moving USDT from Bybit to OKX is not complex or difficult to understand. Follow the steps provided in this guide, and you should have no problems whatsoever.

1. Login to your OKX account and get your USDT deposit address

Log in to your OKX account and navigate to assets. Choose “Deposit” from the list.

From the next page, select USDT to deposit.

Now, you have to select the preferred blockchain to transfer USDT with. The selected chain must be available on both exchanges. USDT supports various chains like TRC20, ERC20, and more. It is worth noting that TRC20 is the most popular chain due to its high speed and low fees.

Finally, you must copy your deposit address or scan the QR code. Don`t forget that the address is just for USDT, and if you send any other coins to this address, your digital assets might be lost forever.

2. Navigate to Bybit and withdraw USDT to your copied address

Log in to your Bybit account, and go to Assets on the landing page. Choose Spot Account from the list.

Now, search for USDT, and when it appears, click on “Withdraw”.

Choose the appropriate chain, and add your USDT address (the address that you copied from OKX). Then, click on “Submit”. Enter the amount of withdrawal, and complete some security steps to successfully withdraw your money.

3. The withdrawn USDT should be in your OKX account

The withdrawn USDT should be available in your OKX account momentarily. Don’t worry if the funds are not deposited immediately, as the transfer process can take up to a few minutes to complete.

Additional information

Now that you are familiar with how to send crypto from one exchange to another, here is some additional information to consider if you’re trying to transfer USDT or any other cryptocurrency from Bybit to OKX.

Bybit account verification

If you hold more than 0.06 BTC worth of crypto on your Bybit account and you’d like to transfer it to another exchange like OKX or to a wallet, you’ll likely be required to complete identity verification (KYC). This is also necessary if the amount of USDT you're transferring exceeds that threshold.

Why transfer USDT from Bybit to OKX?

There are several reasons why users transfer crypto like USDT between exchanges:

Is it safe to transfer USDT from Bybit to OKX?

Yes, transferring USDT and other cryptocurrencies is safe as long as you follow basic precautions:

Make sure to use the correct blockchain network that’s supported by both Bybit and OKX, and always double-check the deposit address you’re using on OKX. It’s a good idea to make a small test transfer first, such as 10 USDT, before sending larger amounts. To further protect your funds, enable two-factor authentication (2FA), and always ensure you’re accessing the official websites of both platforms.

How much are the fees to send USDT from Bybit to OKX?

Fees depend on the blockchain network used for the transfer. At the time of writing, OKX supports USDT deposits on several networks, including:

Always verify that the network selected on Bybit matches the one chosen for deposit on OKX—mismatched networks can lead to permanent loss of funds.

The bottom line

The procedure of moving USDT from