Your first deposit on Bybit: What to know before you start
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Funding their accounts is the first step for many Bybit users after registering on the platform. Bybit offers you four different ways to make your initial deposit, and you can also receive a bonus reward if your first deposit meets specific criteria.
In this article, we look at the main ways you can deposit funds into your newly created Bybit account. We also cover the mistakes to avoid during the process, as well as key security measures you can take to better protect your account and funds.
If you’re a new user on the platform, this article serves as your orientation guide to deposit options — and key considerations to keep in mind when adding initial funds to your account.
Key Takeaways:
Bybit offers its new users four different ways to make an initial deposit: Crypto Deposit, Fiat Deposit, One-Click Buy and P2P Trading.
Users with some crypto ownership or trading experience might benefit from the Crypto Deposit and P2P Trading methods, while beginners can easily fund their accounts using more traditional fiat payment options available via the One-Click Buy and Fiat Deposit methods.
Before making your first deposit, it’s highly advisable to complete Identity Verification for your account, as it’s required for some deposit methods, and makes you eligible for a sign-up reward.