How to Deposit and Withdraw on Bybit Without Network Mistakes

Deposit steps

Select the asset in Bybit, choose a supported chain and copy the deposit address. Select the same chain on the sending exchange or wallet.

Before withdrawing

On-chain withdrawal requires email and Google Authentication. Confirm address, chain and any required memo/tag. Some users may also need wallet verification under Travel Rule requirements.

Internal transfers

Transfers to another Bybit account through Internal Transfer are described by Bybit as instant and without a withdrawal fee.

Common beginner mistakes

Network mismatch, address mistakes, missing memo/tag and sending a large amount without a test are common avoidable errors.

FAQ

Frequently asked questions

Must the deposit network match?

Yes. The selected network on the sender must match the network shown by Bybit for the receiving address.

Is Bybit internal transfer free?

Bybit states that internal transfers to another Bybit account do not charge a withdrawal fee.

Is the address alone enough?

No. Check the asset, chain, address and any required memo/tag.

OFFICIAL SOURCES

Official Bybit sources

Reviewed against official Bybit Help Center pages on Aug 29, 2026.

How to Make a Deposit on Bybit↗How to Submit an On-Chain Withdrawal Request↗How to Withdraw Assets via Internal Transfer↗

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