how to transfer bitcoin to bybit

To transfer Bitcoin to your Bybit account, follow these steps: create an account, deposit Bitcoin into your Spot Account, select a deposit method, input the Bitcoin address provided by Bybit, confirm the transaction, and finally monitor the transfer status.

Nov 05, 2024 at 04:02 pm

How to Transfer Bitcoin to Bybit

Step 1: Create a Bybit Account

Visit the Bybit website and sign up for an account.
Complete the KYC verification process to unlock full functionality.

Step 2: Deposit Bitcoin into Your Bybit Spot Account

Log in to your Bybit account and navigate to the "Assets" page.
Click on "Spot Account" and then "Deposit."
Select "BTC" under "Cryptocurrency."

Step 3: Select a Deposit Method

BTC Main Network (Recommended): Send Bitcoin directly from your external wallet.
ERC-20 Address: Send Bitcoin using an Ethereum Wrapped Bitcoin (WBTC) token.

Step 4: Input Your Bitcoin Address

For BTC Main Network: Copy the Bitcoin address provided by Bybit.
For ERC-20 Address: Copy the Ethereum address provided by Bybit.

Step 5: Confirm the Transaction

Send the desired amount of Bitcoin to the address you copied.
Check the confirmation status on the blockchain.

Step 6: Monitor Transfer

The Bitcoin transfer should arrive in your Bybit Spot Account within 30-60 minutes.
Track the progress on the "Assets" page under "Transaction History."

Additional Tips:

Use a wallet that supports sending Bitcoin over both BTC Main Network and Ethereum blockchain.
Ensure the deposit address is correct before sending the funds.
Consider using a transaction ID or memo for easier tracking.
Be aware of any transaction fees associated with the transfer.
If you encounter any issues, contact Bybit customer support for assistance.

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