If you unintentionally deposited an unsupported coin type not listed above, kindly go to the wallet that was used to make the deposit and attempt to obtain the transaction hash (TXID). Method 3: Over-the-counter trading, you can find someone who is willing to sell Bitcoin (P2P, Peer to Peer transaction), pay the money directly, and then he sends you Bitcoin to your personal wallet address. d) Successfully Transferred = The withdrawal of assets is successful and complete. Is there a minimum amount for deposit or withdrawal? The following coins cannot be recovered under any circumstances. How To open a position; Can I hedge my position on Bybit? Yes, there is. Bybit Platform Fees. Yes and do take note of the withdrawal fee that will be incurred for all withdrawals out from Bybit. To do so, copy your ETH wallet address into Etherscan, perform a search and the corresponding EIP55-ready wallet address will appear on the top left corner (red box). Q) Is it safe to deposit and store my cryptocurrencies with Bybit? Contact our live chat agent or email to support@bybit.com and provide us with the coin type, coin amount and TXID. For PC web browser, you can click on the numeric amount to withdrawal all the amount in the account. There is no deposit or withdrawal fee on Bybit. For more info, please click, Any non-EOS coin deposits based on the EOS blockchain, If you unintentionally deposited an unsupported coin type not listed above, kindly go to the wallet that was used to make the deposit and attempt to obtain the transaction hash (TXID). Even though they are on the same BTC blockchain, Omni USDT and BTC wallet addresses on Bybit are unique and different. Scenario 2 - BTCUSD pumped up to $80,000. When a position is closed, the fees are deducted from the profit or the loss made. For example, all requests made before UTC: 0730 will be processed at UTC: 0800. Any BEP20 deposits to any Bybit wallet addresses will not be credited and will result in the permanent loss of your deposit. Customer service. Dear Bybit's user, for optimal trading experience, we recommend you to use the following browsers to visit our website: Firefox,Chrome, Safari. ByBit is a new generation Bitcoin Futures trading platform where you can use leverage to long or short 5 cryptos. Trader A's 1 BTC is now only worth $20,000 if he decides to withdraw from Bybit to a spot exchange and convert it into USD (excluding any withdrawal fees) Immediately Trader A will suffer an unrealized loss of $20,000 due to downward market movement in BTCUSD price. Any BEP20 deposits to any Bybit wallet addresses will not be credited and will result in the permanent loss of your deposit. On your 'Asset' page, click on the 'Withdraw' button. For account asset security purposes, all withdrawal requests are subjected to a stringent withdrawal request processing happening at 3 designated timings (0000, 0800 and 1600 UTC). 8) Does Bybit make any profits from traders performing this Fiat deposit? No, TUSD and USDC are not the same as USDT. a) Pending Email Confirmation = Traders need to login to the inbox of their registered email address to confirm the withdrawal confirmation email. Published by Sam Klemens Bybit only supports the deposit of USDT. Convert your account's Bybit ETH wallet address to become EIP55 ready. There is a finance fee that is paid every 8 hours and is different for each asset. ... Bybit processes withdrawal 3 times a day at 0800, 1600, 2400 (all in UTC time). This is another aspect where Bybit performs stands apart, even going ahead and beating its competitors on this parameter. Before you can submit a withdrawal request, please make sure that you have linked up to your withdrawal wallet address to your Bybit account. You will be directed to your Bybit deposit address. This limit will be reset daily at 0000 UTC, Method 1: Use Bybit Fiat Gateway to convert fiat to cryptocurrency. This includes ETH, XRP and selected ERC20 coin. Bybit does not require withdrawal fees, except for the blockchain mining reward. Contact our live chat agent or email to support@bybit.com and provide us with the coin type, coin amount and TXID. Please note that Bybit pays a standard miner fee. Trade Speed & Scalability Bybit charges two types of fees depending on whether one qualifies as a market maker or a market taker. 100% of our clients' assets are stored in Bybit's multi-signature cold wallet. However, the fee for makers is -0.025%, which means that makers get paid to trade. There is a minimum Bitcoin network fee charged for withdrawing funds from Bybit which is determined by the blockchain network load which is typically around 0.0005 BTC. Using the screenshot above as an example, Trader A has 0.1 BTC, When 1 BTC = USD 11,239.70, the estimated USD value = USD 11,239.70 x 0.1 BTC = USD 1,123.97, When the price of BTC falls to 1 BTC = USD 8000, the estimated USD value = USD 8000 x 0.1 BTC = USD 800. Hence, it is fixed for any withdrawal amount. And as for the withdrawal fees, a minimum amount is charged that is determined by the network load on the blockchain (around 0.0005 BTC typically). The major reason for delays for each respective coins are as follows: BTC: Unconfirmed transaction on the blockchain (1 confirmation needed), ETH: Unconfirmed transaction on the blockchain (30 confirmation needed) OR Smart Contract transaction (Bybit does not auto process ETH Smart Contract deposits), XRP/EOS: Invalid or missing tag/memo when the deposit is made, USDT: Unconfirmed transaction on the blockchain (1 or 30 confirmation depending on Omni or ERC20 transfer). Bybit does not set a minimum deposit limit. If you unintentionally deposited TUSD or USDC, kindly go to the wallet that was used to make the TUSD or USDC deposit and attempt to obtain the transaction hash (TXID). At present, Bybit does not support any BEP20 tokens. Please check your email inbox for this email. For more info, please click here. g) Canceled = The withdrawal request has been canceled by the user. Secondly, funding fees depend on current market conditions and it’s not possible to assign an average value to each exchange. Bybit charged a fixed fee for all withdrawals and dynamically adjust the batch transfer miner fee to a higher level to ensure the faster confirmation speeds of withdrawals on the blockchain. Does Bybit supports Binance Chain (BEP20 tokens)? Please take note that Bybit process all withdrawal requests 3 times a day at UTC Time 0800,1600 and 2400. So, when providing liquidity to the market through a maker order, the trader gets paid 0.025% of the order’s value. Reminder. Therefore, If your wrong deposit amount is less than USDT 20 in value, Bybit will not proceed to perform an asset recovery. and provide us with the coin type, coin amount and TXID. After the successful processing of your withdrawal request, traders can expect to receive their coins within 2 hours ( Subjected to the blockchain's mining capabilities and transaction workloads). However, please be aware that it is the traders' sole responsibility to check with their destination wallet address provider on the need to indicate a tag/memo when transferring XRP or EOS out of Bybit. For example, at Bybit, these numbers make up -0.025% maker fees and 0.075% taker fees correspondingly. However, Bybit withdrawal fees is minimal, and you would pay only the miner fees, which is offered by only top quality derivative exchanges. AdditionalFor the withdrawal of XRP and EOS, please remember to enter your XRP Tag or EOS Memo for the transfer. ByBit makes 0.05% of the transaction from maker and taker fees. Step 1. Removing of Google Authenticator 2FA by the user. Please do not transfer any other digital currencies to the wallet address, otherwise, the assets will be lost forever. It’s -0.025% for Make and 0.075% for Beer. Dear Bybit's user, for optimal trading experience, we recommend you to use the following browsers to visit our website: Firefox,Chrome, Safari. A multi-signature cold wallet is an offline cold wallet and requires at least 2 out of 3 authorizations before the releasing of any funds, ensuring maximum asset security. However, Bybit is considering to open up this option for traders to determine their own withdrawal fees in the future. This means that the Bybit withdrawal fee is 41% lower than the Bitcoin exchange average. Generally, for equivalent exchanges, you pay 0.0008 BTC for withdrawing. No, there are no minimum deposit amount and traders can deposit any amount they like. If you unintentionally deposited Omni USDT into your BTC wallet address, kindly go to the wallet that was used to make the deposit and attempt to obtain the transaction hash (TXID). Bybit Deposit and Withdrawal Fees Deposits are done in one of the supported cryptocurrencies you can trade on the platform. Bybit has the same fee structure as BitMEX. As such, all our clients are required to submit a manual withdrawal request and subject it to a stringent withdrawal request processing happening at 3 designated timings ( 0000, 0800 and 1600 UTC ). deposit amount is less than USDT 20 in value, Bybit will not proceed to perform an asset recovery. Next, click on the 'Wallet Address' and select the address of your receiving wallet. The cut-off time for withdrawal request will be 30 minutes before the scheduled withdrawal processing time. 2. Actual Bitcoin mining fees can be viewed here. Bybit processes and review all withdrawal requests at 3 fixed time intervals at 0800, 1600 and 0000 UTC. Given Bitcoin’s price, this is quite a difference and therefore a big plus. Anyone who creates an account on the exchange can deposit funds and start trading on it, without the need to perform KYC certification process present on most other industry leaders. It is one of the competitive features of the platform and makes it unique. 2. This is 40% lower than the global industry average BTC withdrawal fee (0.0008 BTC) and thus also a very competitive withdrawal fee. 9) Can traders perform this Fiat deposit using Bybit’s App? Step 2. Traders can use the Assets Exchange function to convert their BTC to the respective coin type in order to continue trading the desired trading pairs. Additionally, there is a funding rate to be paid once the trader opens its position. For account and asset security purposes, please be informed that the following actions will lead to withdrawal restrictions for 24 hours. Please refer to the table below for more details. Instead, Bybit only supports ETH withdrawals via Direct Transfer method. c) Pending Transfer = The withdrawal request has been successfully reviewed and pending submission onto the blockchain. Withdrawal fees on the exchange are where you will sell an asset. Bybit does not accept any deposits of fiat currency. For deposits, Bybit does not charge any fees, though you will need to pay the standard mining fee associated with the underlying blockchain.

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