Many beginners lose money by sending crypto through the wrong network. Don’t let that happen to you. This quick guide shows you exactly how to deposit USDT on Bybit safely, step by step, and with screenshots.
A single mistake, such as picking the wrong network, can cost you everything. However, once you understand the correct process, depositing USDT becomes fast, secure, and effortless.
By the end of this guide, you’ll understand how to deposit USDT on Bybit without risk, which network to choose, and how to find your deposit address so you never lose a cent.
Don’t have a Bybit account yet? Click here to create one and follow along with this guide.
How to Deposit USDT on Bybit for Beginners
Follow these simple steps to deposit USDT on Bybit.
Once we go through the main steps, I’ll also show you two quick examples of how to send USDT from Binance to Bybit and from Trust Wallet to Bybit. These examples will help you visualize the process on different platforms, so even if you’re using another wallet or exchange, you’ll easily understand what to do.
Step 1: Log in to your Bybit account
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Step 2: Go to the Deposit Page
At the top right of your Bybit homepage, click Deposit. This takes you to the deposit section, where you can choose the cryptocurrency you want to send to Bybit.
Step 3: Select USDT as the Coin to Deposit
On the deposit page, you’ll see a list of coins and a search bar. Select USDT. USDT (Tether) is a stablecoin that’s equal in value to 1 US dollar, and it’s one of the common coins used for trading and funding accounts on Bybit.
Step 4: Choose the Right Network (Chain Type)
After selecting USDT, you’ll see several network (Chain Type) options such as TRC20 (Tron), ERC20 (Ethereum), and BEP20 (BNB Smart Chain). Each network is different. I usually choose TRC20 when depositing USDT to Bybit because it’s faster and cheaper.
Important: The network you choose on Bybit must match the one you’ll use when transferring USDT from Binance or any other exchange or wallet. For example, if you select TRC20 on Bybit, you must also use TRC20 when sending USDT from the platform you’re withdrawing from. If they don’t match, your funds may be lost.
Step 5: Copy Your Deposit Address
Once you’ve chosen the network, Bybit will generate a deposit address for it. It’s a long string of letters and numbers. Click the Copy Icon to copy the address. This is where you’ll send your USDT. You can also scan the QR code if you prefer that method.
Step 6: Deposit USDT from Your Wallet or Exchange
Now open the wallet or exchange where your USDT is stored (for example, Binance, Trust Wallet, or Gate):
- Go to the Withdraw or Send section.
- Select USDT as the crypto to send.
- Paste the Bybit USDT deposit address into the Recipient Address field.
- Choose the same network (Chain Type) you selected on Bybit (TRC20, ERC20, etc.).
- Enter the Amount of USDT you want to send.
- Click Confirm or Withdraw to complete the transaction.
Pro Tip: Always start with a small test amount first. Once it arrives, send the rest.
How to Send USDT from Binance to Bybit
To give you a clearer picture, here’s what it looks like when sending USDT from Binance to Bybit. Even if you’re using another exchange, the process will be very similar. This example just helps you visualize what to expect.
Step 1: Log in to Binance
Go to Binance.com and sign in to your account. Once logged in, hover over your Profile Icon at the top right and click Dashboard to view your account overview.
Step 2: Go to the Withdraw Page
From your dashboard, click Withdraw. This opens the withdrawal page, where you can send USDT from Binance to Bybit.
Step 3: Select USDT as the Coin to Withdraw
In the Coin field, search for and select USDT. This tells Binance you want to withdraw USDT.
Step 4: Paste Your Bybit Deposit Address
Open your Bybit account, copy your generated USDT deposit address, and paste it into the Address field on Binance. Double-check the address carefully before proceeding to avoid sending funds to the wrong destination.
Step 5: Choose the Right Network
Under Network, select the same network (Chain Type) you chose on Bybit. In this example, use TRC20, since that’s what was selected on Bybit.
Important: The network must match exactly between Binance and Bybit. If they don’t, your funds could be lost permanently.
Step 6: Enter Amount and Confirm
Enter the amount of USDT you want to send. You’ll see the withdrawal fee and the exact amount that will reach Bybit. When everything looks correct, click Withdraw to complete the USDT transfer from Binance to Bybit.
Step 7: Wait for the Deposit to Arrive
Your transfer will be processed shortly. On TRC20, it usually arrives within a few minutes.
That’s it! You’ve successfully sent USDT from Binance to Bybit.
Even if you’re using another platform, the same steps apply: select USDT, match the network, paste your Bybit address, and confirm the transaction.
How to Send USDT from Trust Wallet to Bybit
If you’re using Trust Wallet, the process is slightly different from exchanges like Binance. Trust Wallet doesn’t let you manually choose a network when sending USDT. It automatically uses the network of the token you hold, so it’s crucial to know which version of USDT you have before sending.
Step 1: Open Trust Wallet
Open the Trust Wallet app on your phone and make sure it’s updated to the latest version.
Step 2: Tap Send
From your home screen, tap USDT, then select Send to start the transfer.
Important: As shown in the screenshot example, here on Trust Wallet, my USDT is on the ERC20 network. This means the deposit address I generate on Bybit must also be ERC20. Always check your USDT’s network before creating your Bybit deposit address.
Step 3: Paste Your Bybit Deposit Address
In the Address field, paste the USDT deposit address you copied from Bybit. The network must match the type of USDT you hold. For example, if your USDT in Trust Wallet is ERC20, your Bybit address must also be ERC20. The same rule applies to TRC20, BEP20, or any other network.
Step 4: Enter Amount
Enter the amount of USDT you want to send and tap Next.
Step 5: Review and Confirm
Double-check the amount, address, network, and fee. If everything looks correct, tap Confirm to send your USDT from Trust Wallet to Bybit.
That’s it! You’ve successfully sent USDT from Trust Wallet to Bybit.
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DISCLAIMER:
The information provided here is for informational purposes only. Do not rely solely on it for making investment decisions. It is not financial, tax, legal, or accounting advice. Always do your own research or consult a financial advisor before investing in cryptocurrency.