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

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Bybit is one of the world’s leading overseas cryptocurrency exchanges, headquartered in Singapore. If you’ve been trading digital assets through domestic platforms but are limited by the number of available tokens, Bybit offers access to over 150 cryptocurrencies — making it ideal for users who want to cash out unique tokens earned from GameFi, Move-to-Earn, or Play-to-Earn platforms.

Whether you're new to Bybit or looking to optimize your deposit process, this comprehensive guide walks you through every step — from setting up accounts and choosing the best funding method, to troubleshooting common issues and maximizing security.

Deposit Methods Available on Bybit

Since Bybit is an international exchange, direct deposits in Japanese yen (JPY) or other fiat currencies aren't supported. Instead, users must use alternative methods to fund their accounts. As of 2025, Bybit supports two primary deposit options:

  1. Transferring cryptocurrency from a domestic exchange
  2. Purchasing crypto directly with a credit card

Let’s explore both methods in detail.

1. Transferring Cryptocurrency from a Domestic Exchange

The most cost-effective and widely used method involves transferring digital assets from a Japanese exchange like DMM Bitcoin or GMO Coin to your Bybit wallet.

Why these two? Both platforms offer zero network fees for outbound transfers under certain conditions — significantly reducing transaction costs compared to others.

How to Open a DMM Bitcoin Account

  1. Visit the DMM Bitcoin official site and click “Open Account.”
  2. Register your email address.
  3. Confirm via the verification link sent to your inbox.
  4. Fill in personal details including full name and residential address.

  5. Complete identity verification using either:

    • My Number card + SMS authentication
    • OR upload government-issued ID (e.g., passport or driver’s license)

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How to Open a GMO Coin Account

  1. Go to the GMO Coin website and register.
  2. Enter your email and create a secure password.
  3. Provide basic personal information.
  4. Wait for an account activation code via email.
  5. Input the code to finalize registration.

Once verified, you can deposit supported cryptocurrencies such as:

These assets can be sent directly to your Bybit wallet after generating a deposit address.

2. Buying Crypto with a Credit Card

For users who want instant access without navigating multiple exchanges, Bybit allows direct purchases using Visa or Mastercard.

⚠️ Note: Cards issued under Amex, JCB, or Rakuten are not supported.

To buy crypto:

  1. Log into your Bybit account.
  2. Navigate to Buy Crypto > One-Click Buy.
  3. Select your preferred cryptocurrency and payment method (credit card).
  4. Confirm the transaction.

This method requires 3D Secure authentication, a security protocol that prevents unauthorized transactions by verifying card ownership through passwords or one-time codes.

Cryptocurrencies Available via Credit Card (as of 2025)

You can purchase over 20 major digital assets including:

New listings are frequently added as more blockchain projects gain traction globally.

Recommended Deposit Method: Which Should You Choose?

Choosing between credit card purchases and crypto transfers depends on your priorities.

Use Credit Card If You Want Instant Access

Credit card deposits allow immediate trading without completing KYC verification (for first-time purchases). The entire process takes about three minutes — perfect for beginners eager to start trading quickly.

However, keep in mind:

Also note: KYC is required for second and subsequent credit card purchases, so plan accordingly.

Use Crypto Transfer to Minimize Fees

If cost efficiency is your priority, transferring crypto from DMM Bitcoin or GMO Coin is ideal — especially when using low-fee networks like:

Additionally, ensure you select the correct network (chain type) when depositing ERC-20 tokens like USDT or ETH.

Step-by-Step Deposit Guide: Desktop & Mobile

On Desktop

  1. Log in to Bybit.
  2. Click Assets > Spot.
  3. Select the coin you wish to deposit (e.g., ETH).
  4. Choose Deposit and select Spot Account (recommended for visibility).
  5. Copy the wallet address or scan the QR code.
  6. Paste into your sending exchange (e.g., GMO Coin).
  7. For XRP or EOS deposits, include the Tag/UID.
  8. Confirm transfer and verify receipt in your Bybit dashboard.

On Mobile App

  1. Open the Bybit app and tap Deposit.
  2. Choose desired cryptocurrency.
  3. Copy the deposit address or scan QR code.
  4. Select Spot Account as destination.
  5. Initiate transfer from your domestic exchange.
  6. Return to Assets > Total Balance to confirm arrival.

Key Deposit Considerations

Credit Card Limitations

Cryptocurrency-Specific Warnings

Using the wrong chain may result in permanent fund loss.

Troubleshooting: Why Isn’t My Deposit Showing Up?

Common reasons include:

  1. Auto-transfer enabled to Derivatives Account

    • Fix: Disable auto-transfer in Settings > Asset Management

  2. Blockchain congestion

    • Wait up to 60 minutes during peak times

  3. Missing Tag/UID

    • Required for XRP/EOS — double-check before sending

  4. Incorrect wallet address

    • Verify using Bybit’s deposit history

  5. Unsupported coin sent

    • Contact support for recovery options (fees apply)

Need help? Reach out via:

Frequently Asked Questions (FAQ)

Q: How do I increase my purchase limit?
A: Complete KYC verification with a valid ID (passport, driver’s license) and facial recognition.

Q: Is KYC mandatory on Bybit?
A: No — but unverified accounts face restrictions on withdrawals, staking, and deposit limits (e.g., max 2 BTC).

Q: Are there fees for credit card deposits?
A: Yes — typically 2.7%–3.05%, plus service provider fees (e.g., MoonPay at 4.5%).

Q: How long does a deposit take?
A: Most transactions reflect within 10–60 minutes, depending on network traffic.

Q: Is storing crypto on Bybit safe?
A: Yes — assets are stored in cold wallets with multi-signature protection and strict withdrawal protocols.

Q: Is there an age requirement?
A: Bybit does not impose a minimum age, but users must comply with local laws in their jurisdiction.

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Final Thoughts

Depositing funds on Bybit is straightforward once you understand the two main pathways: crypto transfers for lower fees and credit card buys for speed and convenience.

Key takeaways:

With support for over 150 cryptocurrencies and growing adoption of blockchain gaming rewards, Bybit remains a powerful gateway for Japanese users entering global crypto markets.

Stay cautious, double-check addresses, and leverage customer support when needed — and you’ll be trading confidently in no time.

👉 Start your journey with one of the fastest and most reliable platforms in the industry today.