Depositing funds into your Bybit account is the first step toward accessing one of the world’s most dynamic cryptocurrency trading platforms. As of 2025, Bybit supports four primary deposit methods: cryptocurrency transfers, credit/debit card payments, third-party payment providers, and P2P trading. Each method offers unique advantages depending on your priorities—whether it's speed, low fees, ease of use, or security.
This comprehensive guide breaks down each deposit option, compares their key features, and helps you choose the best method for your needs—especially if you're based in Japan and want to use Japanese yen (JPY) indirectly.
Comparing Bybit’s Deposit Methods
Bybit does not support direct JPY deposits, but several methods allow Japanese users to fund their accounts using yen indirectly. Here’s a breakdown of the four available options:
Cryptocurrency Transfer
The most common and cost-effective way to deposit funds on Bybit is by transferring crypto from another exchange or wallet.
| Feature | Details |
|---|---|
| Fees | Only blockchain transaction fees apply (usually low) |
| Processing Time | Typically 5–30 minutes, depending on network congestion |
| Ease of Use | Requires prior ownership of crypto and familiarity with wallets |
| Security | High – direct transfer to your verified Bybit address |
| Notes | Always double-check addresses; incorrect entries may result in lost funds |
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This method is ideal for users who already hold digital assets on exchanges like GMO Coin or Bitbank. It’s also the most economical option since Bybit doesn’t charge any deposit fees.
Should You Send BTC or XRP?
Different cryptocurrencies have varying transaction speeds and costs:
- XRP: Fast (3–5 seconds), low fee (~$0.01)
- BTC: Slower during peak times, higher fees (can exceed $5 on congested networks)
While XRP is technically faster and cheaper, many traders prefer BTC due to its widespread availability and stability.
USDT Deposit via Slash
In late 2023, Bybit integrated Slash, a crypto payment service that allows Japanese users to deposit USDT instantly using MetaMask or WalletConnect-compatible wallets.
Key features:
- Available only to Japanese users
- Supports ERC-20, BSC, and MATIC networks
- No deposit fee charged by Bybit (third-party fees may apply)
- Currently accessible only via desktop browser
Slash bridges the gap between self-custody wallets and seamless fiat-funded deposits—perfect for Web3-savvy users.
Credit/Debit Card Deposit
You can buy cryptocurrency instantly using VISA or Mastercard. This method supports JPY-denominated purchases, making it convenient for beginners.
| Feature | Details |
|---|---|
| Fees | ~2.7%–3.05% processing fee + unfavorable exchange rate |
| Processing Time | Instant (funds reflect immediately) |
| Ease of Use | Very simple – just enter card details |
| Security | Secure through Bybit’s encrypted gateway |
| Supported Currencies | Over 20 cryptos including BTC, ETH, USDT |
Although fast and user-friendly, this method comes with two hidden costs:
- Card network fees (charged by VISA/Mastercard)
- Exchange rate markup – often 4–6% above market price
For example, if USDT trades at ¥150 on the open market, your card purchase might cost ¥158—effectively adding an extra fee.
🔍 Pro Tip: Use card deposits only for small, urgent top-ups. For regular trading, opt for lower-cost alternatives.
Third-Party Payment Providers
Bybit partners with regulated payment gateways like Mercuryo and Banxa, allowing users to buy crypto with bank transfers or cards in JPY.
| Feature | Details |
|---|---|
| Fees | Varies by provider (1.99%–3.95%) + potential rate spreads |
| Processing Time | 2–3 hours |
| Ease of Use | Moderate – requires external registration |
| Security | Trusted providers vetted by Bybit |
| Supported Coins | BTC, ETH (USDT support varies) |
These services act as intermediaries: you pay JPY via bank transfer, and they deliver crypto to your Bybit wallet.
However, some providers require full KYC (ID verification), which may deter privacy-conscious users.
P2P Trading
Peer-to-peer (P2P) trading lets you buy crypto directly from other users using bank transfers, PayPay, LINE Pay, or even convenience store payments.
| Feature | Details |
|---|---|
| Fees | Usually none (but prices often include premium) |
| Processing Time | Under 25 minutes if smooth |
| Ease of Use | Depends on seller responsiveness |
| Security | Escrow-protected, but scams exist |
| Supported Coins | BTC, ETH, USDT |
P2P offers maximum flexibility for JPY users but carries risks:
- Sellers may cancel trades at the last minute
- Prices are often 5–10% above market value
- Requires careful screening of trader ratings
Only use P2P if you’re comfortable negotiating terms and verifying counterparties.
Which Deposit Method Is Best?
Choosing the right method depends on your priorities.
Prioritizing Security?
All four methods are secure when used correctly. However:
- Crypto transfers and card payments are most trusted
- Third-party providers require sharing personal data externally
- P2P involves human risk—stick to high-reputation sellers
Minimizing Fees?
Go with cryptocurrency transfers. Even with blockchain fees, it’s cheaper than card markups or provider spreads.
👉 Learn how top traders minimize fees across exchanges.
Need Fast Deposits?
- Cards: Instant
- Crypto: Within minutes
- Third-party: 2–3 hours
- P2P: Up to 30 minutes
For urgent trades, card deposits win—but expect higher costs.
Want Simplicity?
If you’re new and don’t own crypto yet:
- Use cards for instant access
- Or try Slash if you have a Web3 wallet
If you already trade on domestic exchanges:
- Withdraw USDT or BTC via crypto transfer
Step-by-Step: How to Deposit on Bybit
1. Deposit Using Cryptocurrency
- Log in to Bybit
- Hover over “Buy Crypto” → Click “Deposit Crypto”
- Select currency (e.g., USDT) and network (e.g., TRC-20)
- Copy your deposit address or scan QR code
- Paste into sending platform (e.g., GMO Coin)
- Confirm transaction
⚠️ For XRP/EOS: Always include the Tag/Memo field.
2. Deposit USDT via Slash
- Go to “Deposit Crypto” on Bybit
- Choose USDT
- Click “Slash Deposit”
- Enter amount → Click “Confirm”
- Connect MetaMask or WalletConnect wallet
- Approve transaction within 10 minutes
Failure to complete within 10 minutes cancels the session.
3. Use Credit/Debit Card
- Visit “Buy Crypto” → “Instant Buy”
- Enter card details (name, number, CVV, expiry)
- Select amount and cryptocurrency
- Complete verification (SMS/email)
- Confirm purchase
KYC requirements:
- < $300: No KYC
- ≥ $300: Level 1 verification required
Important Tips When Depositing
Some Coins Require a Tag (Memo)
Coins like XRP, EOS, and XLM need a destination tag in addition to the wallet address. Omitting it delays processing. Always check before sending.
Send ETH via Direct Transfer
Avoid sending ETH through smart contracts. Use standard wallet-to-wallet transfers. Contract-based deposits may take up to 48 hours to credit.
Start with a Small Amount
Test new addresses with a small transaction first. Confirm receipt before sending large sums.
Check Transaction Status
Use blockchain explorers like Etherscan or BTC.com Explorer to track your transaction using the TXID.
If funds don’t appear after expected time:
- Verify network compatibility
- Contact Bybit support immediately
⚠️ No recovery is possible for:
- Wrong blockchain selections (e.g., sending BEP20 USDT to an ERC-20-only address)
- Depositing unsupported tokens
- Testnet transactions
Are There Deposit Bonuses?
Yes! Bybit runs periodic promotions such as:
- First Deposit Campaigns: Up to $4,000 in bonus rewards
- Welcome Gifts: Task-based incentives in the Rewards Center
These are subject to change, so check the promotions page regularly after funding your account.
Start Trading After Deposit
Once funds are in your account, unlock powerful features:
- Trade over 200 spot pairs
- Access perpetual and futures contracts (USDT-margined)
- Participate in Launchpad token sales
- Earn passive income via staking and dual investment products
Whether you're scalping volatile altcoins or hedging with derivatives, a smooth deposit process sets the foundation for success.
👉 Maximize your trading potential with advanced tools and deep liquidity.
Frequently Asked Questions (FAQ)
Can I deposit Japanese yen directly on Bybit?
No, Bybit does not accept direct JPY deposits. However, you can use credit cards, P2P trading, or third-party providers to convert JPY into crypto and deposit it.
Is it safe to deposit on Bybit?
Yes. Bybit uses industry-standard encryption and cold storage for assets. As long as you follow best practices (correct addresses, small test transfers), your deposits are secure.
Why hasn’t my deposit arrived?
Possible reasons include network delays, wrong chain selection, or missing tags. Check the blockchain explorer with your TXID and contact support if unresolved after 24 hours.
What’s the minimum deposit amount?
Most cryptocurrencies have no minimum. Exceptions include SOL (minimum 0.01 SOL). Card and third-party deposits show minimums during checkout.
Can I use JCB cards on Bybit?
As of 2025, Bybit does not support JCB cards. Use VISA or Mastercard instead.
Which network should I choose for USDT?
Choose based on cost and speed:
- TRC-20: Lowest fees (~$1), fastest
- BEP-20: Low fees (~$1–$2)
- ERC-20: Higher fees ($5–$15), slower during congestion
Ensure both sending and receiving platforms support the same network.
By understanding these deposit options, Japanese users can efficiently fund their Bybit accounts and begin trading with confidence in 2025. While no single method fits all, combining speed, cost-efficiency, and security will lead to the best experience.