bybit how to convert btc to usdt

To convert Bitcoin (BTC) to Tether (USDT) on the Bybit exchange platform, log in, navigate to the Spot Exchange, select the BTC/USDT pair, enter the conversion amount, select a price type, and confirm the transaction.

Oct 30, 2024 at 09:15 am

How to Convert BTC to USDT on Bybit

Step 1: Log in to Your Bybit Account

Visit the Bybit website or download the mobile app.
Enter your login credentials or create a new account if you don't have one.

Step 2: Navigate to the Exchange

Click on the "Exchange" tab on the top menu bar.
Select the "Spot" market option.

Step 3: Select the BTC/USDT Trading Pair

Scroll down the trading pairs list and click on "BTC/USDT."
Alternatively, you can use the search bar to quickly find the trading pair.

Step 4: Enter the Conversion Amount

In the "Amount" field, enter the number of BTC you want to convert to USDT.
You can also use the percentage buttons to specify the amount relative to your available BTC balance.

Step 5: Set the Price

Choose whether you want to convert your BTC at the current market price (Market) or set a limit price (Limit).
For a market order, the conversion will execute immediately at the current market rate.
For a limit order, you set a specific target price at which the conversion will be executed.

Step 6: Confirm the Conversion

Review the conversion details, including the amount of BTC being converted, the USDT amount you will receive, and any transaction fees.
Click on the "Confirm" button to execute the conversion.

Step 7: Check the Conversion History

Once the conversion is complete, you can check the history in the "Spot Trading" section under the "Order History" tab.
Your USDT balance will be updated with the converted amount.

Additional Notes:

Bybit charges a standard maker/taker fee of 0.1% for spot trading.
The minimum conversion amount is 0.001 BTC.
USDT received from the conversion will be credited to your Bybit Spot USDT wallet.

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