How to Deposit Funds on Bybit: Step-by-Step Guide for 2025

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Entering the world of cryptocurrency trading starts with a simple yet crucial step — depositing funds. Bybit, one of the most trusted and widely used crypto exchanges, offers multiple seamless methods to fund your account. Whether you're using Vietnamese đồng (VND), holding crypto in a wallet like MetaMask, or transferring from another exchange such as Binance, this guide walks you through every method in detail — on both mobile and desktop.

Designed for clarity and safety, this updated 2025 guide ensures you avoid common pitfalls and complete your deposit quickly and securely.

Why Depositing on Bybit Matters

Before diving into trades or exploring leveraged positions, you need assets in your account. Depositing is the gateway to accessing Bybit’s full suite of services: spot trading, futures, options, and more. With support for fiat on-ramps via P2P and direct crypto transfers, Bybit caters to both beginners and experienced users.

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Overview of Deposit Methods

You can fund your Bybit account in three primary ways:

  1. Deposit VND via Bank Transfer (P2P Trading)
    Ideal for users starting with local currency.
  2. Transfer Crypto from a Wallet (e.g., MetaMask)
    Best if you already hold USDT or other tokens.
  3. Send Crypto from Another Exchange (e.g., Binance)
    Perfect for consolidating holdings across platforms.

👉 Discover how to securely deposit and grow your crypto portfolio today.

How to Deposit on Bybit via Mobile App

Method 1: Deposit VND Using Bank Transfer (P2P)

This method lets you buy USDT directly using Vietnamese đồng through peer-to-peer (P2P) trading. Bybit acts as an escrow service, ensuring secure transactions between buyers and sellers.

Step 1: Add Your Bank Account

  1. Open the Bybit app and tap Fiat Gateway.
  2. Select P2P Trading, then tap the three dots (⋯).
  3. Go to User Center > Payment Methods > Add Now.
  4. Enter your bank account details (name, number, bank).
  5. Confirm with your 2FA code (Google Authenticator or SMS).

✅ Ensure all information matches your official ID to prevent verification issues.

Step 2: Buy USDT Through P2P

  1. Return to Fiat Gateway > P2P Trading.

  2. Search for USDT/VND pairs and select a reputable seller:

    • High completion rate (>95%)
    • Large number of completed orders
    • Verified badge (“V” icon)
  3. Enter the VND amount you want to spend.
  4. Tap Buy USDT, then copy the order reference code.

  5. Tap Pay Now and transfer the exact amount to the seller’s bank account.

    • Use instant transfer
    • Include the reference code in the payment note
    • Do not mention "crypto" or "Bitcoin" in the message
  6. After transferring, tap Payment Completed and confirm.

⚠️ Sellers typically release USDT within 10–15 minutes. Speed up confirmation by uploading a payment screenshot in the chat.

Step 3: Confirm Transaction

Once the seller confirms receipt, your USDT will appear in your Funding Wallet.

To verify:

You now have USDT ready for trading.

Method 2: Transfer USDT from MetaMask to Bybit

If you already own USDT in MetaMask, transferring it to Bybit is fast and low-cost.

Step 1: Copy Bybit’s Deposit Address

  1. In the Bybit app, tap Deposit.
  2. Select USDT as the asset.
  3. Choose the BSC (BEP20) network.
  4. Tap Copy Address — ensure it starts with 0x.

💡 Always double-check the network. Sending via ERC-20 when BEP20 is required may result in lost funds.

Step 2: Send from MetaMask

  1. Open MetaMask and switch to BNB Smart Chain.
  2. Tap Send, paste the Bybit address.
  3. Select USDT, enter the amount.
  4. Confirm gas fees (paid in BNB) and submit.

Wait 1–5 minutes for confirmation.

Step 3: Verify on Bybit

Go to Deposit History in your Bybit app. Once confirmed, the USDT will reflect in your Spot Wallet.

Method 3: Transfer from Binance to Bybit

Moving assets from Binance to Bybit is straightforward and ideal for active traders.

Step 1: Get Bybit’s Deposit Address

Same as above:

👉 Learn how top traders manage cross-exchange transfers efficiently.

Step 2: Withdraw from Binance

  1. Open Binance app > Go to Wallet > Withdraw.
  2. Choose USDT and set network to BSC (BEP20).
  3. Paste the Bybit address.
  4. Enter amount and select source wallet.
  5. Complete 2FA verification (SMS + Google Authenticator).

Withdrawal usually completes within 5 minutes.

Step 3: Confirm Receipt on Bybit

Check Deposit History — once marked Completed, your funds are available for trading.

How to Deposit on Bybit via Desktop

The desktop experience offers larger screens and easier navigation for detailed tasks.

Method 1: Deposit VND via P2P (Desktop)

Step 1: Add Bank Account

  1. Visit Bybit P2P Profile.
  2. Click Add Now > Bank Transfer.
  3. Fill in your bank details and verify with 2FA.

Note: This information is only used for P2P identity verification — Bybit does not debit your account automatically.

Step 2: Buy USDT

  1. Go to Bybit P2P Trading.
  2. Enter VND amount and click Search.
  3. Choose a reliable merchant (high volume, verified).
  4. Click Buy USDT, review rate and limits.

  5. Follow payment instructions:

    • Transfer exact amount
    • Use correct reference code
    • Avoid crypto-related notes
  6. Click Mark as Paid after transfer.

Wait for seller confirmation — usually under 10 minutes.

Step 3: Review Transaction History

Click Orders at the top to see all P2P activity. Filter by date or status to track progress.

Method 2: Transfer from MetaMask (Desktop)

Step 1: Get Deposit Address

  1. Log in to Bybit.com > Click Assets > Deposit.
  2. Select USDT > BSC (BEP20).
  3. Copy the address.

Ensure no typos — even one wrong character can lead to irreversible loss.

Step 2: Send from MetaMask

  1. Switch MetaMask network to BNB Smart Chain.
  2. Click Send, paste address, choose USDT, enter amount.
  3. Confirm transaction (gas in BNB).

Track progress via Activity tab or BscScan.com.

Step 3: Check Balance on Bybit

Go to Deposit History — once confirmed, funds appear in your Spot Wallet.

Method 3: Transfer from Binance to Bybit (Desktop)

Step 1: Copy Bybit Address

Same process: Deposit > USDT > BSC (BEP20) > Copy Address.

Step 2: Initiate Withdrawal on Binance

  1. Log in to Binance > Go to Wallet > Withdraw > Crypto.
  2. Select USDT, enter Bybit’s address.
  3. Set network to BSC (BEP20).
  4. Enter amount and complete dual verification (email + 2FA).

You’ll receive a success notification once sent.

Step 3: Monitor Deposit Status

Return to Bybit’s Deposit History page — status updates from “Pending” to “Completed.”

Frequently Asked Questions (FAQ)

Q1: Is it safe to deposit via P2P on Bybit?

Yes. Bybit holds the seller’s USDT in escrow until you confirm payment. Only trade with highly rated merchants and never send funds outside the platform.

Q2: What happens if I send crypto using the wrong network?

Mistakes like sending ERC-20 USDT to a BEP-20 address may result in permanent loss. Always verify the network before confirming any transfer.

Q3: Are there fees for depositing on Bybit?

No. Bybit does not charge deposit fees. However, blockchain networks may require gas fees (e.g., BNB for BSC transfers).

Q4: How long do deposits take?

Q5: Can I deposit directly from my bank account?

Not directly. You must use P2P trading to convert VND to USDT using a bank transfer.

Q6: Why isn’t my deposit showing up?

Check:

Final Tips for Safe Deposits

👉 Secure your first crypto deposit with confidence — explore trusted strategies now.

By following this comprehensive guide, you can confidently deposit funds on Bybit using any method that suits your needs — whether starting with fiat or moving crypto from another platform.

With your account funded, you’re now ready to explore trading opportunities, leverage tools, and build your digital asset portfolio on one of the world’s leading crypto exchanges.