To further enhance the trading experience and convenience for our customers, traders are now able to exchange their coins directly on Bybit now for any of the other three cryptocurrencies available on the platform - BTC, ETH, EOS & XRP.
Proceed to the Assets page of your account and click on Assets Exchange.
i. 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.
ii. Next, enter the number of coins that you wish to use for conversion either by manually entering the number of coins or by using the percentage (%) function to convert the indicated % of coins from your available margin.
iii. Click on "Get Quotation", and you will see the current conversion rate which is referenced to the current index price.
iv. Confirm the conversion by clicking on "Exchange".
After clicking on "Exchange", you will see a pop-up message with disclaimer information.
Due to the slight delay between getting the quote and confirming the transaction, the Real Time Exchange Rate at the moment that you confirm the transaction on the pop-up windows will be applied on the transaction. Therefore, it might be slightly different (better or worse) from the calculation. If the difference between Real-time Exchange Rate and Quotation Rate is more than 0.5%, this request will be automatically cancelled.
Then, click on confirm and the coin exchange is completed as shown in step 4.
Once you are at this page, it means your coin exchange is completed. You may check the Assets page for the updated assets details.
1. There will be a fixed fee charged applies for each assets exchange request. By exchanging your assets directly on Bybit, traders do not have to pay two-way transfer miner fee and a fixed fee is charged regardless of the exchange amount. This signifies that the more the exchange amount, the lower the fee percentage is charged.
2. The bonus balance cannot be converted to other coins. It will not be forfeited upon submitting any coin conversion request as well.
3. The Real-Time Exchange Rate is based on the best quote price from several market makers according to the current index price.
4. The Per Transaction limit / 24 hours exchange limit for a single account is shown below:
|Coins||Per Transaction limit||24 hours exchange limit|