Bybit review(2) - Deposits and Withdrawals
2021.08.05 06:57
Hi It's Unicorn
Why do we choose Bybit?
Fairness and transparency: The mark price(MP) is the real-time weighted average price of Coinbase, Bitstamp, and Kraken, which are the three major exchanges regulated by the U.S. Securities and Exchange Commission(SEC). It can effectively prevent from the manipulation of prices in the market to trigger malicious liquidation.
High level of asset security: Bybit uses an industry-leading and hierarchical deterministic cold wallet System to store all traders' deposited assets. All withdrawal requests will undergo a stringent procedure that carries out confirmation for withdrawals to ensure the security of users’ assets.
Industry-Leading Matching EngineIt: Bybits offers execution speed of 100,000 TPS (transaction execution per second) for trading.
Smart ordering system: You can directly set a stop loss/take profit and trailing stop loss when you start to trade. You don’t have to watch the market all the time.
100 times Leverage of perpetual contracts: Bybit offers 1 to 100 times leverage of perpetual contracts. Users can adjust leverage flexibly to satisfy their need.
Deposits and Withdrawals
Due to Bybit doesn’t support fiat currency deposits, users have to buy Bitcoin, Ethereum, EOS, XRP on other exchanges and then transfer to Bybit wallet. Bybit only accepts BTC, ETH, XRP, EOS and USDT deposits and withdrawals.
You can deposit or withdraw on the “Assets page”.
Note:
1. USDT deposits support three types of chains:ERC-20, TRC-20 and OMNI, but Bybit doest support TRC-20-based USDT deposit from smart contract address.
2. Bybit only supports ETH directly transfer currently, and does not support your ETH using Smart Contract Transfer.
3. If you transfer EOD and XRP to Bybit wallet, please make sure to fill in your UID as a Memo, otherwise, the deposit will not be completed.
4.Except for BTC, ETH, XRP, EOS and USDT, please don’t transfer any other cryptos to Bybit wallet; otherwise, your assets will be lost.
Withdrawal fees
Bybit withdrawal fee and minimum withdrawal amount are as follows:
