In order to allow customers to trade different perpetual contracts more conveniently, the asset exchange function has been launched.
Traders can now exchange one cryptocurrency for another cryptocurrency on the Bybit platform.
The cryptocurrencies that can be selected are: BTC, ETH, EOS, XRP and USDT.
Go to Bybit’s Official Website
How to exchange (convert) Cryptocurrencies on Bybit’s platform
Go to your “property page” and click on asset exchange.
Select the currency you want to redeem and redeem.
Next, enter the amount of currency you want to redeem.
You can manually enter the amount of the currency to be redeemed or use the% function to redeem your balance in %.
Click “Get Quote”, you can see the exchange rate calculated based on the current index price.
Click “Redeem” to confirm this exchange.
After clicking ” Redeem” , you will see a pop-up window showing precautions.
Due to the time difference between obtaining the quotation and the actual exchange, the exchange order will be executed according to the real-time exchange rate when you click the confirm button on the pop-up window.
Therefore, the actual amount of exchanged currencies received may deviate from the quoted price (better or worse).
If the deviation between the order execution exchange rate and the quoted exchange rate exceeds 0.5%, the order will be automatically canceled.
Click Confirm, and the redemption order will be executed.
For details, please refer to the screenshot of Step 4.
When you see this interface, the asset exchange has been completed.
You can view the updated asset information on the asset interface.
Asset exchange will charge a handling fee of 0.1% of the exchange amount.
The bonus balance cannot be exchanged into other currencies, but it will not be cleared when the exchange application is submitted.
The real-time exchange rate for asset conversion comes from the best quotes provided by several market makers based on index prices.
The following is the 24-hour exchange limit for different currencies of each account.
| Coins | Per Transaction Minimum limit | Per Transaction Maximum limit | 24 hours user exchange limit | 24 hours platform exchange limit |
|---|---|---|---|---|
| BTC | 0.001 | 200 | 200 | 4000 |
| ETH | 0.01 | 2000 | 2000 | 40,000 |
| EOS | 2 | 100,000 | 100,000 | 2,000,000 |
| XRP | 20 | 3,000,000 | 3,000,000 | 60,000,000 |
| USDT | 1 | 3,000,000 | 3,000,000 | 60,000,000 |
Go to Bybit’s Official Website
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
Bybit official website is here.
Please click "Introduction of Bybit", if you want to know the details and the company information of Bybit.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...