NEW! How To Transfer Crypto from Binance to ByBit (2025) | Fast & Safe Crypto Transfer Tutorial

How to Transfer Crypto from Binance to Bybit

Transferring cryptocurrencies between exchanges can initially seem complicated, but with the right steps, you can do it quickly and easily. Here’s a simplified guide on how to transfer your crypto from Binance to Bybit.

Step 1: Create a Binance Account

If you don’t already have a Binance account, go to binance.com and create one. If you already have an account, simply log in using your email and password, or connect through your Google account.

Step 2: Check Your Balances

Once logged into Binance, navigate to the "Overview" section by scrolling down. Here, you can view all your cryptocurrency assets and balances.

Step 3: Withdraw Crypto from Binance

1. Initiate Withdrawal: On the right-hand side, click on “Withdraw.”
2. Select Coin: Choose the cryptocurrency you want to transfer. For this example, select Shiba Inu (SHIB). You can either scroll through the list or use the search bar for convenience.
3. Get Withdrawal Address from Bybit: Before proceeding, you need the wallet address from Bybit.

Step 4: Create a Bybit Account

If you haven’t yet created a Bybit account, go to bybit.com and sign up. If you have an account, log in using your credentials.

Step 5: Deposit Crypto to Bybit

1. Access Deposit Section: Go to your profile and scroll down to find “Deposit”.
2. Choose the Coin: Same as before, search or scroll to find Shiba Inu in the dropdown.
3. Select the Network: Ensure you choose the same network you will be using for the withdrawal. If you’re transferring with Ethereum, select Ethereum on Bybit.
4. Copy the Wallet Address: Once verified, copy the wallet address provided.

Step 6: Complete the Binance Withdrawal

Return to the Binance withdrawal page and:

1. Paste the Wallet Address: Enter the Bybit wallet address you copied earlier.
2. Select the Network: Ensure that the network corresponds with the one you chose on Bybit.
3. Enter the Amount: Specify how much crypto you want to transfer.
4. Confirm the Withdrawal: Review the details to ensure everything is correct, then click “Withdraw.”

Step 7: Security Verification

Complete any necessary security steps, such as two-factor authentication or verification codes.

Step 8: Wait for Confirmation

The duration for confirmations varies by network type:

• TRC20: 2 to 5 minutes
• ERC20: 5 to 20 minutes
• BEP20: Approximately 5 minutes

Advantages of Using Binance and Bybit

Why Choose Binance?

• Security and Trust: Binance is well-regarded for its security features.
• Variety of Coins: Offers a massive selection of cryptocurrencies.
• Low Fees: Spot trading fees are among the lowest, usually around 0.1%.
• User-Friendly Interface: Ideal for both beginners and experienced traders.

Why Choose Bybit?

• High Leverage Trading: Offers leverage up to 100% on select pairs.
• Futures and Options: Specialized in derivatives and options trading.
• Promotions: Frequently provides bonuses and trading promotions.

Conclusion

Using both Binance and Bybit together can be highly beneficial. Binance is often utilized for buying crypto with fiat, while Bybit serves active traders looking for advanced trading features. Many users transfer stablecoins like USDT or ETH from Binance to Bybit to take advantage of high-speed trades and leverage strategies.

By understanding these platforms and how to transfer between them, you can enhance your trading experience significantly. Happy trading!