Bybit Bithumb Withdrawal Method | How to Deposit and Transfer
In this blog post, we will explore the withdrawal methods, deposits, and transfer procedures through Bybit and Bithumb. There is an increasing number of investors who purchase cryptocurrencies on Bithumb and transfer them to Bybit for leverage trading, or withdraw profits generated on Bybit to Bithumb to convert them into Korean Won. However, transferring between exchanges can be somewhat difficult for those who are doing it for the first time. Questions such as "What if I enter the wrong transfer address and lose my funds?", "Which coin should I transfer?", and "How much are the transfer fees and how long will it take?" may arise. In this posting, we will provide detailed guidance on safe transfer methods between Bybit and Bithumb in both directions, along with screenshots.
How to Withdraw, Deposit, and Transfer from Bithumb to Bybit
After the implementation of the Travel Rule, we will look at how to directly transfer Tether (USDT) from the Bithumb exchange to the Bybit exchange. Previously, transfers were made through Ripple or Tron, but now that Tether (USDT) is listed on Bithumb, withdrawals have become easier.
1. Creating a Bybit Account
If you do not yet have a Bybit account, please sign up through the link below.
A 20% discount on fees is offered, which is the most affordable way to use Bybit.
2. Copying the Tether Deposit Address
Click the 'Deposit' button from the top right menu of the Bybit site.
Then, select USDT as the coin name and select TRC20 from the network (Chain), then click the Copy button when the wallet address appears. After that, we will move to Bithumb.
3. Purchasing Tether
Purchase the amount of Tether (USDT) to be transferred from Bithumb. For example, let's purchase 1,000 USDT.
4. Withdrawing Tether
Now, let's withdraw Tether. Click on 'Wallet Management' → 'Deposit/Withdrawal' from the top right menu.
Select Tether (USDT) from the asset list. There are 1,000 units purchased a moment ago.
After selecting the 'Withdrawal' tab, paste the address copied from Bybit into the address to send to. Then, enter the amount to send and click the 'Next' button.
Next, select 'Bybit' from the exchange/personal wallet, and enter your name in the recipient information field. Or you can click the 'Enter My Information' button below. If the withdrawal is not processed, try entering your name in Korean.
Next, when a message appears to check for phishing fraud, select 'No'.
After double-checking the withdrawal information, check 'Agree' and press the 'Request Withdrawal' button.
After completing the mobile phone verification, the withdrawal request is complete. Now, we will check Bybit in about 3 minutes.
5. Confirming Tether Deposit
Go back to the Bybit site, go to Assets → Spot from the top menu, and check the amount of Tether (USDT) deposited. You can confirm that the 1,000 units ($1,000) you sent a moment ago have been deposited.
Now you can use this Tether to conduct spot and futures trading on Bybit. We hope you have a successful investment.
