You are probably familiar with one of the leading crypto platforms Bybit and the wide range of features it offers, which is attractive for beginners and professionals. If you haven’t already, we suggest you read our comprehensive review of Bybit, where we cover all the information about the company, platform features, terms of use, and much more.
For now, we will focus on how to deposit money in Bybit, what Bybit deposit methods are available to you, what Bybit deposit bonus, and more.
Bybit Buy Crypto
First of all, let’s look at the Bybit One-Click Buy feature, which is not technically a Deposit method, but essentially offers a simple, fast, and convenient way to buy cryptocurrencies with fiat without trading directly.
For in the navigation bar, select Buy Crypto and choose One-Click Buy among the features. You will see that Bybit offers 65+ fiat currencies and 100+ cryptocurrencies for quick purchase.Â
Depending on which fiat currency you choose, you will see different banks and payment services available for you.
For example, for USD at the moment you can use Alipay, ApplePay, Google Pay, Bank Cards, and others. Regarding the Bybit minimum deposit in this feature, it also depends on the selected currency, and for example, with USD it is a minimum of $2, which you can immediately see in the input field. The same for the Bybit deposit limit, where in the case of USD it is 50,000.
Also for most currencies, Bybit offers three partner third-party payment services Moonpay, Banxa, and Mercuryo within which you can also find different payment methods. There are Bybit deposit fees, which the platform also calculates individually for each currency and informs you on the order page. Also note that additional fees may be charged by these third-party payment services, which will also be calculated and displayed on the order page if you choose them, but the fees of your own payment application or bank you need to find out for yourself.
If you choose another currency, e.g. EUR, the available payment methods will change, but partners Moonpay, Banxa, and Mercuryo are still available. All you need to do is enter the amount of fiat currency you want to spend, select the cryptocurrency you want to buy for it (the price will be calculated based on the current market price), and then enter the data of the selected payment method and confirm the transaction in the app of the corresponding method (Apple Pay, Google Pay, Bank app, etc.).
Bybit Crypto Deposit
Now let’s take a look at the classic crypto deposit, where you fund your Bybit balance with crypto. By the way, if you’re wondering which cryptocurrencies are most noteworthy, we suggest you check out our top here.
To deposit crypto on Bybit, go to Deposit and select Deposit Crypto, after which you will see the classic menu for most crypto platforms with a selection of cryptocurrencies to deposit.
After selecting it, you need to choose the network to deposit on, and it’s worth mentioning here that different networks require different fees. It is made up of transaction fees, and the Bybit deposit fees themselves that are different for each individual cryptocurrency and deposit amount.
Bybit kindly reminds you that the network you have chosen for the deposit must match the one you have selected on your withdrawal platform, otherwise you risk losing the funds sent.
So, then you get a unique address for your Bybit wallet, where you can send funds following the instructions of your withdrawal platform, and after confirming the transaction you will see a notification about the crediting of funds.
Bybit Fiat Deposit
Here Bybit offers you the fiat deposit feature and it’s worth noting that not every crypto platform offers this. Yes, fiat deposit offers fewer currencies and not as extensive a list of bank support as the Buy Crypto feature, but it does offer direct Bank Transfer and there are several local services available to you.
The specific list of available services, deposit minimum, and deposit limit for fiat deposit similarly depends on each specific currency you choose, and the deposit fees, which you can see against the selected method.
Here you need to select your desired currency and payment method, after which you will receive a unique IBAN, and then follow the instructions of your banking app or service for the transfer.
Just like with crypto deposits, be careful when entering your unique account, and after the transfer and crediting of funds to it you will receive a notification on Bybit.
Bybit Deposit Bonus Bash
Bybit also offers many bonuses for different deposit sizes and trading volumes, but note that the Bybit no deposit bonus will be available until you pass Verification L1, i.e. your identification documents are approved.
However, speaking exclusively about the Bybit Welcome Deposit Bonus you get $20 for signing up, which you can spend on trading Derivatives, a wide range of which the platform offers. Also, note that bonuses have a time limit during which you can use them before they expire.
To stay aware of info on your Rewards, and their terms – find the list of available rewards by selecting the My Rewards tab.
Also, you can see the list of available rewards after completing certain tasks in the My Tasks tab.
Bybit also offers a separate Deposit Bonus system depending on the size of a single deposit. For example, a deposit of $100K Bybit offers the opportunity to get up to $5K which you can also spend on Derivatives, and at the same time increase your VIP level. By making a $50K deposit, regardless of the trading volume, you already get VIP L1, which significantly affects trading fees and also gives you access to some exclusive features and conditions of the platform.
| Reward | $15 | $50 | $100 | $350 | $5,000 |
| Deposit | $100 | $1,000 | $3,000 | $10K | $100K |
| Trade | $100 | $2,000 | $10,000 | $100K | $8,000K |
Conclusion
You get a wide list of how to deposit money in Bybit, both fiat and crypto deposits. All of them have a simple and easy-to-use deposit interface, the great advantage of which is that deposit limits and deposit fees are specified right during the deposit process.
In addition to individual deposit bonuses, you get a whole system that not only allows you to get great rewards but also immediately raises your VIP Level on the platform, which makes your limits and fees change very noticeably, especially if your trading volumes are high.
By the way, if you are interested not only in Bybit’s capabilities – the full menu with detailed reviews of top crypto platforms is at your service.
