How to Open Account and Deposit into Bybit

Apr 10, 2024

Bybit stands as a gateway to the world of cryptocurrencies, offering a secure and user-friendly platform for traders and investors. This guide aims to provide a seamless walkthrough, guiding you through the process of setting up your account on Bybit and initiating your initial deposit, empowering you to start your journey into the realm of digital assets confidently.

How to Open an Account on Bybit

How to Open a Bybit Account【Web】

Step 1: Visit the Bybit website

The first step is to visit the Bybit website. You will see a yellow button that says "Sign Up". Click on it and you will be redirected to the registration form.

How to Open Account and Deposit into Bybit

Step 2: Fill in the registration form

There are three ways to register a Bybit account: you might choose [Register with Email], [Register with Mobile Phone Number], or [Register with Social Media Account] as your preference. Here are the steps for each method:

With your Email Address:

Enter a valid email address.
Create a strong and unique password for your Bybit account. It should contain a combination of upper and lower-case letters, numbers, and special characters. Make sure it’s not easily guessable and keep it confidential.
After filling in the form, Click the "Get my Welcome Gifts" button.

With your Mobile Phone Number:

Enter your phone number.
Create a strong password. Make sure to use a password that combines letters, numbers, and special characters to enhance security.
After filling in the form, Click the "Get my Welcome Gifts" button.

With your Social Media Account:

Choose one of the social media platforms available, such as Google or Apple.
You will be redirected to the login page of your chosen platform. Enter your credentials and authorize Bybit to access your basic information.

Step 3: Complete the CAPTCHA

Complete the CAPTCHA verification to prove you’re not a bot. This step is essential for security purposes.

Step 4: Verification Email

Bybit will send a verification email to the address you provided. Open your email inbox and click on the verification link within the email to confirm your email address.

Step 5: Access your trading account

Congratulations! You have successfully registered a Bybit account. You can now explore the platform and use the various features and tools of Bybit.

How to Open a Bybit Account【App】

For traders using Bybit’s app, you can enter the registration page by clicking "Sign up / Log in" on the home page.

Next, please select the registration method. You can sign up using your email address or mobile number.

Open an Account with Email

Please enter the following information:

Email address
A strong password

Make sure you have understood and agreed to the terms and privacy policy, and after checking that the information entered is correct, click “Continue”.

A verification page will pop up. Enter the verification code sent to your email inbox.

Note:

If you have not received the verification email, kindly check your email’s spam folder.

Congratulations! You have successfully registered an account on Bybit.

Open an Account with Mobile Number

Please select or enter the following information:

Country code
Mobile number
A strong password

Make sure you have understood and agree to the terms and privacy policy, and after checking that the information entered is correct, click “Continue”.

Finally, follow the instructions, drag the slider to complete the verification requirements and enter the SMS verification code sent to your mobile number.

Congratulations! You have successfully registered an account on Bybit.

Benefits and Features of Bybit

User-Friendly: The platform is designed to be user-friendly, making it accessible to traders with varying levels of experience.
Multiple Cryptocurrencies: Bybit supports a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOS (EOS), among others. Access to a wide range of cryptocurrencies and trading pairs, allows traders to diversify their portfolios.
High Leverage: Traders can use leverage to potentially amplify their gains, although it’s essential to be cautious as leverage also increases the potential for losses.
Liquidity: Bybit aims to provide high liquidity for its trading pairs, ensuring that traders can easily enter and exit positions without significant slippage.
Advanced Trading Tools: The platform offers a range of advanced trading tools and features such as limit and market orders, stop orders, take profit, and trailing stop orders.
24/7 Customer Support: Bybit offers 24/7 customer support through multiple channels, including live chat, email, and a comprehensive knowledge base. The availability of customer support around the clock can be valuable for traders in different time zones.
Educational Resources: The educational resources provided by Bybit can be beneficial for both new and experienced traders looking to enhance their knowledge of cryptocurrency trading.
Security: Bybit places a strong emphasis on security, offering features like cold storage for digital assets and 2FA for account protection.
Risk Management: Bybit offers risk management tools, helping traders protect their capital and manage risk effectively.

How to Deposit into Bybit

Bybit Deposit Payment Methods

There are 4 ways to deposit or buy crypto on Bybit:

Fiat Currency Deposit

This is a convenient way to deposit crypto on Bybit using fiat currency (such as USD, EUR, GBP, etc.). You can use a third-party service provider that integrates with Bybit to buy crypto with your credit card, debit card, or bank transfer. To do this, you need to select the fiat gateway option on Bybit and choose the service provider, the fiat currency, and the cryptocurrency you want to buy. Then, you will be redirected to the service provider’s website, where you can complete the payment process. The crypto will be sent directly to your Bybit wallet after the payment is confirmed.

P2P Trading

This is an alternative way to deposit funds on Bybit using fiat currency. You can use a peer-to-peer (P2P) platform that connects you with other users who want to buy or sell crypto. To do this, you need to select the P2P trading option on Bybit and choose the fiat currency and the cryptocurrency you want to trade. Then, you will see a list of available offers from other users, with their prices and payment methods. You can choose an offer that suits you and initiate a trade request. You will then have to follow the instructions of the platform and the seller to complete the payment and receive the crypto in your Bybit wallet.

Crypto Transfers

This is the simplest and most common way to deposit Crypto on Bybit. You can transfer any of the supported cryptocurrencies (BTC, ETH, USDT, XRP, ...) from your external wallet to your Bybit wallet. To do this, you need to generate a deposit address on Bybit and copy it to your external wallet. Then, you can send the desired amount of crypto to that address. The deposit will be credited to your account after a certain number of network confirmations, depending on the cryptocurrency you use.

Crypto Purchase

You can also buy crypto directly on Bybit using other crypto as payment. This way, you can exchange one crypto for another without leaving the platform or paying any fees for transferring crypto. To buy crypto, you need to go to the "Trade" page and select the trading pair you want to trade. For example, if you want to buy Bitcoin using USDT, you can select the BTC/USDT pair. Then, you can enter the amount and price of Bitcoin you want to buy and click on the "Buy BTC" button. You will see the order details and confirm your order. Once your order is filled, you will receive the Bitcoin in your Bybit account.

Buy Crypto with Your Credit/Debit Card on Bybit

Discover a comprehensive, step-by-step guide on purchasing cryptocurrency using fiat currencies through Debit/Credit Cards on Bybit. Please note that before commencing your fiat transaction, it’s essential to complete your Advanced KYC verification. At present, Bybit supports payments through Visa and Mastercard.

On Desktop

Step 1: Click Buy Crypto on the top left corner of the navigation bar and select “One-Click Buy”.

Step 2: If you’re using a credit/debit card payment for the first time, please add your credit/debit card information first.

Note:

You may be required to fill in the billing address. Please ensure that the billing address entered matches your credit/debit card’s registered address.
Your bank account name must be consistent with your registered name on Bybit.

If you’ve already entered your credit/debit card details, follow these steps to complete your order:

(Note: We’ll use EUR/USDT as an example. Please be aware that the exchange rate displayed on this page is an approximate value. For the precise exchange rate, refer to the confirmation page.)

Choose the fiat currency you wish to use for your payment.
Select the cryptocurrency you’d like to deposit into your Funding Account.
Input the purchase amount. You can specify the transaction amount either in terms of your desired fiat currency or the cryptocurrency amount, depending on your preference.
Pick the credit/debit card you’ve previously added.
Click on "Buy with."

Important Notes:

The reference price will automatically refresh every 30 seconds to provide you with the most up-to-date information.
When making a payment with your credit/debit card, you might be required to enter a CVV code for additional security. Additionally, some transactions may prompt you to undergo 3D Secure (3DS) verification to further safeguard your purchase.

Step 3: Please confirm that the details you’ve entered are correct and then click on Confirm.

Step 4: Card payment is processed.

Important Notes:

When making payments with your bank card, you may be prompted to enter a one-time passcode or confirm the transaction via your Bank’s app. Please be aware that 3D Secure (3DS) code verification may be required in some cases to enhance transaction security.
Typically, bank card payment processing is swiftly completed, often within minutes. Once the payment is successfully verified, the purchased cryptocurrency will be credited to your Bybit Fiat Wallet.

Step 5: Your order is now finalized.

To review your balance, click on "View Asset." You’ll also receive your order status through email and notifications if you’ve activated them.

For added security, set up Email Authentication by heading to "Account Security" and enabling Two-Factor Authentication.

You can also enable notifications under Settings.

The purchased cryptocurrency will be instantly credited to your account upon successful completion of the purchase.
Click on Buy again. You’ll be redirected to the order page.

To view your order history, please click on Orders in the upper right corner for more details.

Buy Crypto via P2P Trading from Bybit

Below is a step-by-step guide to assist you, as a buyer, in initiating your first Peer-to-Peer (P2P) transaction on Bybit:

On App

Step 1: Please click on Buy Crypto -- P2P on the home page.

Step 2: On the Buy page, you can filter for your preferred advertisers by filling in the Amount, Fiat Currencies, or Payment Methods fields based on your transaction needs. Furthermore, if you are new to the Peer-to-Peer (P2P) platform, you’ll be prompted to establish a unique nickname, a necessity for first-time users.

Step 3: Select your desired advertisement and click "Buy".

Step 4: Enter the fiat amount you wish to pay or the crypto amount you want to receive, and click "Buy" to continue.

You will then be directed to the order page, where you’ll have a 15-minute window to initiate the transfer to the seller’s bank account. After verifying that all the order details are accurate, click "Go to Pay" to proceed with your payment.

Notes:

P2P transactions will exclusively use the Funding account for processing, so please ensure your funds are available in your Funding account before initiating a transaction.
Your bank account name must match your registered name on Bybit. Inconsistencies may lead to the advertiser canceling the order and issuing a refund.
Bybit’s P2P system imposes zero transaction fees on both the buyer and the seller. However, traders may be subject to transaction fees from the chosen payment provider.

Step 5: Once you’ve completed the payment, click "Payment Completed". For real-time communication with sellers, you can access the Live Chat feature located in the upper right corner.

Step 6:
a. Once the crypto you’ve purchased has been successfully released by the seller, you can go to your P2P asset history to view the details, along with your transaction history.

You can also go back to the advertiser list and click on the three-dot menu on the upper right corner to view your order history.

b. If the seller fails to release the crypto after 10 minutes, you can click on Submit Appeal.

Our customer support team will reach out to you. During this period, please do not cancel the order unless you’ve received a refund from your seller.

If you encounter any order-related issues, kindly submit your inquiry using this form and clearly outline your concerns.

For expedited assistance, please include your UID, P2P order number, and any relevant screenshot(s).

On Desktop

Step 1: To access the P2P trading page, click on "Buy Crypto - P2P Trading" located in the top left corner of the navigation bar.

Step 2: On the Buy page, you can filter advertisers by entering your desired criteria for Amount, Fiat Currencies or Payment Methods, based on your transaction needs.

Notes:
Under the Advertiser column, the displayed order quantity and percentage refer to:

Number of orders made in 30 days
Completion rate in 30 days

Under the Limits column, advertisers have listed the minimum and maximum transaction limits per order — in fiat terms — for each advertisement.

Under the Payment Method column, you can see all supported payment methods for the advertisement you’ve selected.

Step 3: Choose your preferred advertisement, and click on Buy USDT.

Step 4: Enter the amount of fiat you want to pay, or the amount of crypto you want to receive, and click Buy to proceed.

Upon redirection to the order page, you will have a 15-minute window to initiate the money transfer to the seller’s bank account. It’s essential to double-check the accuracy of all order details before proceeding.

Additional Notes:

P2P transactions exclusively utilize the Funding account, so ensure your funds are available there before initiating a transaction.
Your bank account name must match your registered name on Bybit; discrepancies could lead to the advertiser canceling the order and issuing a refund.
Bybit’s P2P platform imposes zero transaction fees on both buyers and sellers. However, traders may be subject to transaction fees from the chosen payment provider.

Step 5: Once the payment is completed, click on "Payment Completed."

— Live Chat box is supported, allowing you to easily communicate with sellers in real-time.

Step 6:
a. Once the crypto you’ve purchased have been successfully released by the seller, you can click on Check Asset to view them, along with your transaction history. You can also check your order status from the P2P order history.

If you encounter any issues with your order, please send your inquiry via this form and specify your concerns.

To help you solve any problems more efficiently, please provide your UID, P2P order number, and any applicable screenshot(s).

How to Deposit Crypto to Bybit?

Deposit via Web

If you have crypto in other wallets or platforms, you can choose to transfer them to the Bybit platform for trading.

Step 1: Click on [Assets] in the top right corner and select [Deposit].

Step 2: Select the crypto that you would like to deposit.

Step 3: Select the chain type that you will use. After acknowledging the information message, you’ll see your Bybit deposit address. You can either scan the QR code or copy the deposit address and use it as the destination address to which you can send the funds.

Make sure that the network you select matches the one selected on your withdrawal platform. If you select the wrong network, your funds may be lost and they will not be recoverable.

Different networks have different transaction fees. You can select a network with lower fees for your withdrawals.

The deposit will be credited to your Spot Account by default. To change your default deposit account, you can set it up in the following two (2) ways:

Select Deposits auto-channeled to your Spot, Derivatives, or other accounts.
Head to the Settings page under Accounts and Security

Deposit via App

Step 1: Go to Assets located at the bottom right-hand corner of the page, and choose the "Deposit" button.

Step 2: Select the crypto, or enter your preferred crypto in the search box to proceed to the next step.

Step 3: On the Deposit page, select the correct chain type and you can either scan the QR code or copy the deposit address, and use it as the destination address to which you can send the funds.

The deposit will be credited to your Spot Account by default.

Buy Crypto with your Fiat Balance on Bybit

We offer support for a range of fiat currencies for purchasing cryptocurrencies, such as EUR, GBP, and more. Before you buy crypto with your fiat balance, it’s crucial to enable 2FA (Two-Factor Authentication). To set up 2FA, please visit "Account Security" and select "Two-Factor Authentication."

Here’s a step-by-step guide to help you buy cryptocurrencies with your fiat balance.

Step 1: Click on Buy Crypto – One-Click Buy on the top left corner of the navigation bar to enter the One-Click Buy page.

Step 2: Place an order through the following steps:

Take BRL/USDT as an example:

Select BRL as the Fiat currency for the payment.
Select the crypto you would like to receive in your Account.
Enter the purchase amount. You can enter the transaction amount based on fiat currency amount or coin amount, according to your needs.
Select BRL Balance as your payment method.

Step 3: Click on Buy With BRL.

Note: The Reference price will refresh every 30 seconds.

Step 4: Confirm that the details you’ve entered are correct, and then click on Confirm.

Step 5: Your transaction is complete. The coin will be deposited into your Funding Account within 1–2 minutes.

Click on View Asset to check your balance. You’ll receive your order status by email and notifications, if you’ve enabled them.
Click on Buy More. You’ll be redirected to the order page.

To view your order history, please click on Orders in the upper right corner for more details.

Empowering Crypto Ventures: Seamless Account Opening and Deposits on Bybit

The process of opening an account on Bybit and making deposits serves as the gateway to participating in cryptocurrency trading. Completing these steps meticulously ensures secure access to the platform’s diverse digital assets, enabling users to manage their funds efficiently and engage confidently in the crypto market.