For Hong Kong crypto enthusiasts looking to enter the world of layer-2 blockchain solutions, Arbitrum has become a go-to choice—especially for participating in NFT mints, DeFi protocols, and low-cost Ethereum transactions. However, many existing tutorials aren't tailored to the unique challenges faced by Hong Kong residents, particularly when it comes to exchange restrictions and KYC requirements.
Platforms like FTX have tightened access for Hong Kong users, requiring professional investor status—a high barrier for most newcomers. Even Binance imposes a relatively high minimum withdrawal fee of 0.1 ETH. This guide provides a practical, beginner-friendly pathway using Bybit, which supports Arbitrum deposits with a lower threshold (minimum 0.02 ETH) and no mandatory KYC for basic transactions.
Whether you're aiming to collect NFTs like the vocus and Friends (VAF) series or explore decentralized applications on Arbitrum, this step-by-step walkthrough will help you deposit ETH from Bybit to your MetaMask wallet on the Arbitrum network—safely and efficiently.
Why Bybit Works for Hong Kong Users
Founded in 2018 and registered in the British Virgin Islands, Bybit has built a reputation for stability, deep liquidity, and competitive fees. While its spot trading features are less robust compared to other platforms, it excels as a gateway for new users—especially those from regions with strict financial regulations.
In January 2022, Bybit integrated support for the Arbitrum One network, enabling direct deposits of ETH, USDT, and USDC onto the Arbitrum chain. This makes it an ideal bridge between fiat on-ramps and Ethereum’s fastest-growing layer-2 scaling solution.
👉 Discover how easy it is to move funds to Arbitrum using a trusted platform.
Step 1: Create Your Bybit Account
Getting started is simple and doesn’t require immediate verification.
- Visit the Bybit homepage.
- Click “Sign Up”.
- Enter your email address and create a strong password.
- Confirm you’re not a resident of a restricted jurisdiction.
- Complete email or phone verification.
- Select “Beginner” mode if you're new to crypto.
No need to rush into KYC unless you plan to use advanced features. This flexibility is especially valuable for Hong Kong users who may face hurdles elsewhere.
Step 2: Fund Your Account
Bybit offers three primary methods to add value:
- Quick Buy: Instant purchase via credit card or third-party providers. Convenient but often comes with higher fees and less favorable exchange rates.
- P2P Trading: Peer-to-peer marketplace where users trade directly. No fees, better pricing, and some sellers don’t require KYC.
- Crypto Deposit: For those already holding digital assets (not covered here).
Option A: Use Quick Buy (Fastest)
- Navigate to “Buy Crypto” > “Quick Buy”.
- Enter the amount of HKD or USD you'd like to spend.
- Choose your preferred payment method (e.g., credit card).
- Follow the third-party provider’s instructions to complete KYC (if required) and payment.
- Wait up to 30 minutes for confirmation.
- Check your Spot Account under Assets—your ETH or USDT should appear shortly.
💡 Tip: Some payment gateways require ID verification. Keep your passport or HKID ready.*
Option B: Use P2P Trading (Lower Cost)
P2P allows direct bank transfers without platform fees.
- Go to “Buy Crypto” > “P2P Trading”.
- Filter for USDT sellers accepting HKD payments.
- Pick a seller with high completion rate (>95%) and reasonable price.
- Review their terms—some may ask for payment notes or recipient names.
- Click “Buy USDT”, enter amount, and proceed.
- Transfer funds via FPS, bank transfer, or other agreed method within 15 minutes.
- Mark payment as completed in the chat window.
- Wait for the seller to release USDT to your account.
Once you have USDT, convert it to ETH:
- Go to Trade > Spot > ETH/USDT.
- Place a limit order at current market rate.
- Confirm the trade—your ETH will be credited after execution.
⚠️ Note: A 0.1% taker fee applies to spot trades.
👉 Start converting stablecoins into ETH effortlessly today.
Step 3: Set Up Two-Factor Authentication (2FA)
Before withdrawing, enable Google Authenticator for security.
- Go to Account > Security > Two-Factor Authentication.
- Select Google Authenticator and click “Set Up.”
- Enter the email verification code sent by Bybit.
- Download the Google Authenticator app (available on iOS and Android).
- Scan the QR code displayed on-screen.
- Input the generated 6-digit code into Bybit.
- Re-login using your password and authenticator code.
This step is mandatory for withdrawals and protects your funds from unauthorized access.
Step 4: Withdraw ETH to MetaMask on Arbitrum
Now comes the crucial part: moving your ETH from Bybit to your wallet on the Arbitrum network.
Prepare Your MetaMask Wallet
Ensure your MetaMask is configured for Arbitrum:
Open MetaMask and add the Arbitrum network manually:
- Network Name: Arbitrum One
- RPC URL:
https://arb1.arbitrum.io/rpc - Chain ID: 42161
- Currency Symbol: ETH
- Block Explorer:
https://arbiscan.io
- Switch to the Arbitrum network before receiving funds.
Add Arbitrum Withdrawal Address on Bybit
- From the Assets page, select ETH > Withdraw.
- Click “Add Withdrawal Address.”
Fill in:
- Coin: ETH
- Network: Arbitrum One (crucial—do not select Ethereum Mainnet)
- Address: Your MetaMask Arbitrum wallet address
- Address Name: e.g., “MetaMask Arbitrum”
- Google Authenticator Code
- Click Confirm.
Double-check that the network is set to Arbitrum One, not Ethereum or any other chain.
Complete the Transfer
- Return to Assets > ETH > Withdraw.
- Select your saved Arbitrum address.
- Enter the amount (minimum: 0.02 ETH).
- Confirm all details.
- Enter your Google Authenticator code.
- Submit.
Processing typically takes under 30 minutes. Once done, your ETH will appear in your MetaMask wallet on Arbitrum—ready for NFT mints, swaps, or staking.
Frequently Asked Questions (FAQ)
Q1: Do I need KYC to use Bybit?
A: Not necessarily. You can buy crypto via P2P and withdraw small amounts without full verification—ideal for Hong Kong users avoiding complex documentation.
Q2: Can I deposit directly from Hong Kong banks?
A: Yes, through P2P trading. Many sellers accept FPS transfers or direct bank deposits in HKD.
Q3: Why choose Arbitrum over Ethereum mainnet?
A: Arbitrum offers significantly lower transaction fees (often < $0.10) and faster confirmations while maintaining Ethereum-level security.
Q4: What happens if I send ETH to the wrong network?
A: Funds may be lost permanently. Always verify that both Bybit and MetaMask are set to Arbitrum One before transferring.
Q5: Is there a withdrawal fee?
A: Yes, but it's minimal—around 0.0001 ETH—which is far cheaper than Binance’s 0.1 ETH minimum withdrawal cost.
Q6: How do I know my transaction succeeded?
A: Check your MetaMask balance or paste your wallet address into Arbiscan.io to view real-time transaction history.
Final Thoughts
Navigating crypto access as a Hong Kong user doesn’t have to be complicated. With Bybit’s Arbitrum integration, low withdrawal thresholds, and flexible funding options, getting started with layer-2 Ethereum applications is now more accessible than ever.
Whether you're joining an NFT drop or exploring DeFi opportunities, this guide gives you the foundation to act confidently—without unnecessary barriers.
👉 Take the next step toward seamless Arbitrum transactions now.
Remember: Always double-check network settings, keep your recovery phrase secure, and never share your private keys. The future of decentralized finance is here—and it runs on chains like Arbitrum.