Understanding Bybit Over-the-Counter (OTC) Trading
Bybit OTC trading facilitates direct transactions between two parties outside the exchange platform. Unlike traditional exchange-based trading, prices are negotiated privately, offering an alternative method for trading cryptocurrencies.
This service caters primarily to high-balance users and Bybit VIPs.
Eligibility for Bybit OTC Trading
Users who complete Level 1 KYC verification are eligible.
⚠️ Restrictions:
- Not available for users with enabled Spot Margin or Institutional Loans.
Bybit OTC vs. Convert: Key Differences
| Feature | Bybit OTC Trading | Convert |
|-----------------------|--------------------------------------------|---------------------------|
| Best For | Large-volume trades | Small conversions |
| Pricing | Negotiated rates, competitive for bulk | Market-driven rates |
| Liquidity | Bypasses exchange order book | Relies on exchange liquidity |
Supported Coins in Bybit OTC Trading
Currently, Bybit OTC supports:
- USDT ↔ ETH/BTC
- USDC ↔ ETH/BTC
- ETH/BTC ↔ USDT/USDC
- USDT ↔ USDC
🔔 More coins may be added in the future.
FAQs
1. Does Bybit OTC support fiat-to-crypto conversions?
❌ No, fiat conversions are not supported.
2. Are there fees for Bybit OTC Trading?
✅ No additional fees.
3. Can I use Bybit OTC with Sub-Accounts?
✅ Yes, both Main and Sub-Accounts are supported.
4. How do I disable Spot Margin to use OTC?
Navigate to Account Settings → Disable Spot Margin before accessing OTC.
5. What are the conversion limits?
Minimum/maximum amounts are displayed in the order zone.
How to Access Bybit OTC Trading
Via Bybit App
- Tap Bybit OTC Trading on the homepage.
- Select assets, enter amount, and confirm.
Via Bybit Website
- Go to Trade → Bybit OTC Trading.
- Follow the same steps as the app.
👉 Start trading on Bybit OTC today
Key Takeaways
- Instant conversions with no fees.
- Ideal for large-volume traders.
- Requires KYC Level 1 verification.
👉 Explore Bybit's VIP benefits
For updates on new coin support, check Bybit’s announcements.