How to Transfer Crypto from Bybit to Binance — Step by Step

Many users want to move their Bybit assets to Binance. This article provides a complete transfer tutorial to ensure your funds arrive safely and efficiently.

Make sure you have a Binance account. If not, register a Binance account first. We recommend getting the Binance APP for the process.

Before You Start

• Both platform accounts should have completed identity verification
• Confirm you have sufficient balance on Bybit (including fees)
• Decide on the cryptocurrency and amount to transfer
• Funds need to be in Bybit's "Funding Account" — if they're in a "Trading Account," transfer them first

Detailed Steps

Step 1: Transfer Funds on Bybit

If your crypto is in Bybit's trading account (spot or futures), transfer to the funding account first:

1. Open Bybit, go to "Assets"
2. Tap "Transfer"
3. Transfer from "Trading Account" to "Funding Account"
4. Select the coin and amount, confirm

Step 2: Get the Binance Deposit Address

1. Open the Binance APP or website
2. Tap "Deposit"
3. Select the cryptocurrency (e.g., USDT)
4. Select the network. Recommended:
   • TRC20: ~1 USDT fee, fast
   • BEP20 (BSC): Very low fee, but confirm Bybit supports it
   • Arbitrum/Optimism: Cheaper for ETH transfers via L2
5. Copy the deposit address

Step 3: Initiate Withdrawal on Bybit

1. In Bybit, go to "Assets" > "Withdraw"
2. Select the cryptocurrency
3. Paste the Binance deposit address
4. Make sure to select the same network as Binance
5. Enter the withdrawal amount (accounting for fees)
6. Complete security verification (email, Google Authenticator, etc.)
7. Confirm withdrawal

Step 4: Track the Transfer

1. Check status and TxID in Bybit's withdrawal records
2. Use the TxID to track progress on a blockchain explorer
3. Simultaneously check deposit status in Binance's deposit records

Step 5: Confirm Arrival

Once arrived, you'll receive a Binance notification. Verify the funds in your wallet balance.

Recommended Transfer Options

Transferring USDT: Choose the TRC20 network — ~1 USDT fee, 1–5 minute arrival. The most cost-effective option.

Transferring BTC: BTC network, fee charged by Bybit (typically ~0.0002 BTC), 20–60 minute arrival.

Transferring ETH: Use the Arbitrum network if both sides support it — fees are far lower than ERC20 mainnet.

Important Notes

1. Networks must match: The chain selected on Bybit and Binance must be exactly the same
2. Test with a small amount first: For unfamiliar operations, send a small test first
3. Verify the address: Not a single character can be wrong
4. Watch for MEMO: Some coins require a MEMO/TAG
5. Minimum withdrawal amounts: Bybit has minimum withdrawal limits for different coins
6. Save screenshots: Take screenshots of addresses and transaction records for your records

FAQ

Q: How long does Bybit withdrawal review take? A: Small amounts are usually auto-approved. Larger amounts may require manual review, typically within 30 minutes.

Q: Can I withdraw directly from Bybit's futures account? A: No. You must transfer to the funding account first, then withdraw.

Q: What if I selected the wrong network? A: Contact Binance support immediately. Recovery may be possible in some cases but isn't guaranteed, and fees may apply.

Summary

The process of transferring from Bybit to Binance is straightforward: transfer to funding account, get Binance address, withdraw from Bybit, and wait for arrival. The key is selecting the right network and verifying the address. Follow this guide and the transfer will go smoothly.

Register on Binance and move your assets to the world's largest trading platform.