Entering the world of cryptocurrency trading begins with a crucial step—funding your account. For users of Bybit, one of the leading digital asset platforms launched in 2018 by Ben Zhou, knowing how to efficiently and securely deposit funds is essential. Whether you're new to crypto or expanding your trading strategy, this guide walks you through the three primary Bybit deposit methods: crypto transfer, instant buy (credit card), and P2P trading. We'll explain each process in detail, compare their benefits and drawbacks, and help you choose the best option based on cost, speed, and convenience.
The 3 Main Ways to Deposit Funds on Bybit
Bybit supports multiple entry points for funding your account. Each method caters to different user needs—from beginners seeking simplicity to experienced traders prioritizing low fees.
1. Crypto Transfer (On-Chain Deposit)
Move cryptocurrency from another exchange or wallet directly to your Bybit account via blockchain.
- ✅ Low fees
- ✅ High security
- ❌ Requires prior ownership of crypto
- ❌ Slight delay due to network confirmation
2. Instant Buy (Credit/Debit Card or Apple Pay)
Purchase crypto instantly using a credit card, debit card, or Apple Pay.
- ✅ Fast and beginner-friendly
- ✅ No need for another exchange
- ❌ Higher fees (~3–5%)
- ❌ Bank foreign transaction charges may apply
3. P2P (Peer-to-Peer) Trading
Buy USDT or other assets directly from verified sellers using fiat like TWD (New Taiwan Dollar).
- ✅ Local payment options (bank transfer, Line Pay, etc.)
- ✅ No international card needed
- ❌ Price spread may be higher
- ❌ Slight counterparty risk
👉 Discover a secure and efficient way to manage your digital assets today.
Step-by-Step: How to Deposit via Crypto Transfer
This method is ideal if you already hold crypto on another exchange (e.g., MAX Exchange) or in a personal wallet.
Step 1: Deposit TWD into a Local Exchange
If starting with fiat, deposit New Taiwan Dollar into a local crypto exchange that supports TWD trading pairs—such as MAX. Navigate to the Wallet section, select TWD, and follow the instructions to complete a bank transfer.
Step 2: Transfer TWD to Your Exchange Account
Use your bank’s online system to send funds to the designated account provided by the exchange. Processing usually takes just a few minutes.
Step 3: Buy USDT or Another Supported Cryptocurrency
Once credited, go to the USDT/TWD trading pair and place a market or limit order to purchase USDT.
Step 4: Copy Your Bybit Deposit Address
Open the Bybit app and go to:
More → Deposit → Select Currency (e.g., USDT) → Choose Network (e.g., TRON/TRC20)
Ensure the network matches the withdrawal option on your source exchange. Then click Copy Address.
🔍 Pro Tip: Always double-check the network type. Sending via an incompatible blockchain can result in permanent loss.
Step 5: Withdraw from External Exchange to Bybit
Return to your original exchange (e.g., MAX), go to Assets → Withdraw → Select USDT → Choose Network → Paste Bybit Address
Enter the amount and confirm. Wait for blockchain confirmation—typically within minutes depending on congestion.
How to Use Instant Buy on Bybit
Perfect for users who want immediate access to crypto without managing transfers between platforms.
Step 1: Access the Instant Buy Feature
In the Bybit app:
More → Instant Buy
Step 2: Enter Amount & Complete Purchase
Choose your desired cryptocurrency (e.g., USDT), enter the purchase amount, then tap Next.
Select payment method: Apple Pay or Bank Card.
If using a card:
- Enter card details (number, expiry, CVV)
- Confirm identity if prompted
- Tap Continue → Confirm
Transaction completes within seconds. Funds appear in your Bybit wallet shortly after.
💡 Best Practice: Use a credit card with overseas transaction rewards to offset part of the 3–5% fee.
👉 Start trading with a platform built for speed and reliability.
P2P Deposit Guide: Buy Crypto Directly with TWD
Bybit’s P2P marketplace connects buyers and sellers directly, allowing you to purchase crypto using local payment methods.
Step 1: Open the P2P Trading Page
In the Bybit app:
More → P2P Trading
Browse available offers for USDT/TWD. Filter by payment method (e.g., bank transfer, Line Pay, JKO Pay).
Step 2: Place an Order & Make Payment
Select a seller with good ratings and a competitive price. Enter the amount of USDT you wish to buy, then tap Buy USDT.
You’ll be directed to a secure escrow page where:
- You make payment via your chosen method
- Confirm payment by tapping I have completed payment
- Seller releases crypto once payment is verified
Funds typically arrive in under 15 minutes.
⚠️ Safety First: Only trade with verified merchants (look for “Verified” badge). Avoid off-platform communication.
FAQ: Common Questions About Depositing on Bybit
Q1: Is it free to deposit crypto on Bybit?
Yes, Bybit does not charge deposit fees for cryptocurrency transfers. However, you may incur a network (miner) fee depending on the blockchain used (e.g., Ethereum, TRON).
Q2: Can I deposit TWD directly into Bybit?
No. Bybit does not support direct fiat deposits in TWD. Use P2P trading or buy USDT on a local exchange first, then transfer it.
Q3: Which deposit method has the lowest fee?
Crypto transfer has the lowest cost—only the blockchain network fee applies. It's significantly cheaper than instant buy (~3–5% fee).
Q4: How long does a crypto transfer take?
Most transfers settle within 5–30 minutes, depending on network traffic. TRC20 (TRON) is often faster and cheaper than ERC20 (Ethereum).
Q5: Is P2P trading safe on Bybit?
Yes, when done correctly. Bybit uses an escrow system to protect both parties. Always confirm payments only after sending money and wait for seller confirmation before releasing funds.
Q6: Can I use Apple Pay to buy crypto on Bybit?
Yes! The Instant Buy feature supports Apple Pay, making it easy and secure to purchase crypto without entering card details manually.
Core Keywords for Search Optimization
To ensure visibility and relevance in search results, here are the key terms naturally integrated throughout this guide:
- Bybit deposit
- Bybit入金
- Buy USDT with TWD
- Crypto transfer to Bybit
- Bybit P2P trading
- Instant buy crypto
- Deposit USDT on Bybit
- Bybit funding methods
These keywords reflect common user search intents and align with real-world queries from traders in regions like Taiwan and Southeast Asia.
👉 Explore seamless deposit and trading experiences tailored for global users.
Final Thoughts
Choosing the right deposit method on Bybit depends on your priorities—speed, cost, or convenience. While instant buy offers unmatched ease for beginners, crypto transfers provide the most economical long-term solution. Meanwhile, P2P trading bridges the gap for users who prefer local banking options without owning crypto upfront.
Regardless of your choice, always verify network compatibility, use trusted platforms, and enable two-factor authentication for added security. With these strategies, you’ll be well-equipped to fund your Bybit account safely and start trading confidently.
Remember: Knowledge is power in the crypto space—stay informed, stay secure, and trade smart.