Depositing funds into your Bybit account doesn’t support direct fiat currency transfers like New Taiwan Dollar (TWD). Instead, you’ll need to use cryptocurrency as an intermediary. Bybit accepts wallet transfers in select digital assets—specifically BTC, ETH, XRP, EOS, and USDT. This means you must first purchase one of these cryptocurrencies on another exchange that supports TWD deposits, then transfer it to your Bybit wallet.
One of the most reliable platforms for buying crypto with TWD is a major global exchange (not named here), where users can easily deposit Taiwanese dollars via bank transfer or credit card and purchase USDT or other supported coins. Once acquired, these assets can be sent directly to your Bybit account.
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This guide will walk you through the full process of funding your Bybit account using USDT over the TRC20 network—a cost-effective and widely used method. We'll cover everything from acquiring cryptocurrency to final confirmation, ensuring a smooth and secure deposit experience.
Step 1: Get Your Bybit Deposit Address
Log in to your Bybit account and navigate to the top-right corner. Click on your profile icon, then select "Assets" from the dropdown menu.
Once in the Assets section, locate and click on "Deposit" on the left-hand sidebar. This will bring up the deposit interface.
Now, choose the cryptocurrency you plan to transfer—in this case, USDT. Next, select the blockchain network. For low fees and fast confirmation times, we recommend using the TRC20 (Tron) network.
After selecting TRC20, Bybit will generate a unique deposit address for you. Copy this address carefully and keep the page open in a tab for later verification.
💡 Why TRC20? Transferring USDT via the ERC20 (Ethereum) network typically incurs a fee of around 10 USDT, while TRC20 charges only about 1 USDT. Choosing TRC20 significantly reduces transaction costs, especially for smaller transfers.
Step 2: Access Withdrawal Page on Your Source Exchange
Now log in to the exchange where you’ve purchased your USDT (e.g., a platform supporting TWD deposits).
Go to your Wallet section—usually found at the top of the screen—and select "Spot Wallet" or "Funds Overview."
Look for the "Withdraw" option, typically located next to or below your balance summary. Click it to proceed.
Step 3: Enter Recipient Wallet Information
On the withdrawal page, select USDT as the currency you wish to send.
In the recipient address field, paste the Bybit deposit address you copied earlier. Double-check every character to ensure accuracy—mistakes can lead to permanent loss of funds.
Next, choose the network type. It’s crucial that this matches exactly with what you selected on Bybit—in our case, TRC20 (Tron).
⚠️ Critical Reminder: Sending USDT via ERC20 to a TRC20 address (or vice versa) may result in irreversible fund loss. Always confirm both the address and network match.
If you're using TRC20, many exchanges automatically detect and set the correct network once you paste a valid Tron-based address.
Transaction fees are straightforward:
- TRC20: ~1 USDT
- ERC20: ~10 USDT
Choosing TRC20 is clearly more economical for most users.
👉 Learn how to optimize your crypto transfer costs and speed with smart network selection.
Step 4: Confirm and Complete the Transfer
Before finalizing, review all details:
- Correct recipient address
- Matching network (TRC20)
- Accurate withdrawal amount
Click "Submit" or "Withdraw" to move forward. The exchange will now prompt you to verify your identity for security purposes.
You’ll typically receive two-factor authentication (2FA) codes via:
- SMS to your registered phone number
- Email to your linked account
Enter both codes when prompted. This step ensures that only authorized users can initiate withdrawals—even if someone gains access to your login credentials.
After successful verification, your withdrawal request will be processed. At this point, consider clicking "Save Address"—a feature that stores the destination for future use.
When saving, add a clear label such as "Bybit Wallet - TRC20" so you can easily identify it later. Saved addresses often retain the associated network setting, reducing errors during repeat transactions.
Once confirmed, your transfer is underway. You can monitor its status under the "Recent Withdrawals" section of your source exchange. While tracking isn't required for success, it offers peace of mind during processing.
Frequently Asked Questions (FAQ)
Q: Can I deposit TWD directly into Bybit?
No, Bybit does not support direct fiat deposits in New Taiwan Dollar (TWD). You must first buy cryptocurrency like USDT on an exchange that accepts TWD, then transfer it to Bybit via blockchain.
Q: Which blockchain should I use for USDT transfers to Bybit?
We strongly recommend using TRC20 (Tron) due to its low transaction fee (~1 USDT) compared to ERC20 (~10 USDT). Just ensure both sending and receiving sides use the same network.
Q: What happens if I send USDT on the wrong network?
Sending funds on an incorrect network (e.g., ERC20 to a TRC20 address) may result in permanent loss. Always double-check the network before confirming any transfer.
Q: How long does it take for USDT to arrive in my Bybit account?
TRC20 transfers usually complete within 1–5 minutes, depending on network congestion. Once confirmed on-chain, funds appear automatically in your Bybit wallet.
Q: Is it safe to save my Bybit address on another exchange?
Yes, saving the address is safe as long as you’re logged into your own account and use strong 2FA protection. Never share verification codes or login details.
Q: Are there deposit fees on Bybit?
Bybit does not charge deposit fees. However, you’ll pay a small blockchain network fee (e.g., 1 USDT on TRC20) to process the transaction on-chain.
Final Tips for Smooth Crypto Funding
To ensure consistent success when funding your Bybit account:
- Always verify both address and network before sending.
- Start with a small test transaction if using a new address.
- Keep 2FA enabled on all exchanges.
- Regularly check official announcements for any changes in supported networks or policies.
Crypto transactions are irreversible—precision matters more than speed.
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By following this guide, you can confidently move funds from a TWD-supported exchange to Bybit using USDT over TRC20—minimizing costs and maximizing control over your digital assets. Whether you're preparing for spot trading or gearing up for derivatives markets, proper fund management is the foundation of every successful crypto journey.