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.

Choose the coin that you wish to use for conversion and select the coin you wish to convert to. The following screenshot is an example of exchanging BTC to ETH.

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.

click on confirm button and the coin exchange is completed.

When you see this interface, the asset exchange has been completed.

You can view the updated asset information on the asset interface.

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