Bybit is a highly trusted and user-friendly cryptocurrency exchange, widely used by institutional investors around the globe. However, if you're considering trading on this overseas platform, one of your top concerns is likely: How much will it cost to deposit and withdraw funds — and ultimately convert profits into Japanese yen?
Unlike domestic exchanges, Bybit does not support fiat currency deposits or withdrawals. This means you must deposit using cryptocurrency and withdraw in cryptocurrency as well. For Japanese users, this creates a multi-step process: purchasing crypto with JPY, transferring it to Bybit, trading, withdrawing back to a domestic wallet or exchange, and finally cashing out to a bank account.
Each of these steps comes with its own fees. In this guide, we break down every cost involved in using Bybit — from initial deposit to final JPY payout — with real-world examples to help you trade confidently.
Understanding Bybit Deposit Fees
To begin trading on Bybit, you must first deposit cryptocurrency into your account. Since Bybit doesn’t accept direct JPY transfers, you’ll need to send crypto from a domestic exchange (like bitFlyer) to your Bybit wallet.
The primary cost here is the network transfer fee charged by your sending exchange.
This fee varies depending on:
- The exchange you're sending from
- The cryptocurrency type (BTC, ETH, USDT, etc.)
For example:
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Bybit Withdrawal Fees Explained
When you're ready to take profits from Bybit, you’ll need to withdraw your cryptocurrency to an external wallet or domestic exchange. This requires paying a blockchain mining fee, which covers the network cost of processing your transaction.
Bybit sets fixed withdrawal fees based on the asset:
- BTC: 0.0005 BTC
- ETH: 0.01 ETH
- EOS: 0.1 EOS
- XRP: 0.25 XRP
- USDT (ERC-20 or TRC-20): 2 USDT
These fees are flat per transaction — they do not scale with withdrawal amount. Whether you withdraw 0.1 BTC or 1 BTC, the mining fee remains 0.0005 BTC.
Note: Network congestion can affect actual blockchain fees, but Bybit absorbs volatility by charging a fixed rate.
Real-World Example: Deposit & Withdrawal Costs on Bybit
Let’s walk through a practical scenario using Bitcoin (BTC) and bitFlyer as the domestic exchange.
Deposit Fee Example (bitFlyer → Bybit)
Assume you’re transferring BTC from bitFlyer to Bybit.
- Transfer amount: 0.1 BTC
- Network fee charged by bitFlyer: 0.0004 BTC
This is a one-time fee per transfer. After the transaction, 0.0996 BTC arrives in your Bybit account.
Withdrawal Fee Example (Bybit → External Wallet)
Now, let’s say you want to withdraw 0.1 BTC from Bybit back to bitFlyer.
- Bybit’s fixed mining fee: 0.0005 BTC
- Amount received: 0.0995 BTC
Again, this fee applies once per withdrawal — no matter how large or small the transfer.
👉 Learn how top traders optimize withdrawal timing to reduce costs.
Converting Crypto to JPY & Withdrawing to Bank Account
Withdrawing crypto from Bybit is only half the journey. To access your profits in Japanese yen, you must:
- Convert cryptocurrency to JPY on a domestic exchange
- Transfer JPY to your bank account
Each step incurs additional fees.
Step 1: Selling Crypto for JPY (e.g., on bitFlyer)
When selling BTC for yen, bitFlyer offers three methods — each with different fee structures:
| Method | Fee | Notes |
|---|---|---|
| Bitcoin Sales Desk | 0% | Price includes hidden markup; typically worse rate |
| Bitcoin Exchange | 0.01% – 0.15% | Based on 30-day trading volume |
| bitFlyer Lightning BTC/JPY | 0.01% – 0.15% | Same tiered structure as exchange |
For low-volume traders (less than ¥100,000 in past 30 days), the fee is 0.15%.
Example: Selling 0.1 BTC at market price
- Trading fee: 0.1 × 0.15% = 0.00015 BTC
While small, this adds up over time — especially for frequent traders.
Pro Tip: High-volume traders benefit from lower fees. Consider consolidating trades to qualify for better tiers.
Step 2: Withdrawing JPY to Bank Account
After converting crypto to yen, you’ll pay a bank transfer fee to move funds from bitFlyer to your bank.
bitFlyer’s withdrawal fees depend on:
- Your bank (SMBC or others)
- Withdrawal amount
| Bank Type | < ¥30,000 | ≥ ¥30,000 |
|---|---|---|
| SMBC | ¥220 | ¥440 |
| Other Banks | ¥550 | ¥770 |
Using SMBC and withdrawing over ¥30,000 minimizes costs.
Preparing Crypto for Deposit: Initial Purchase Fees
Before depositing into Bybit, you must first buy crypto using JPY on a domestic exchange.
Two fees apply during this phase:
1. Depositing JPY into a Domestic Exchange
Transferring yen from your bank to an exchange like bitFlyer usually incurs a standard bank transfer fee — typically between ¥200–¥770 depending on your bank.
However:
- bitFlyer waives fees for transfers from SBI Net Bank
- Many other exchanges also offer free transfers from SBI Net Bank
Choose your funding method wisely to avoid unnecessary charges.
2. Buying Cryptocurrency with JPY
When purchasing BTC with yen on bitFlyer, the same three platforms apply — with similar fee differences.
- Sales Desk: No visible fee, but higher purchase price
- Exchange / Lightning: Transparent 0.01%–0.15% fee based on trading history
If you buy 0.1 BTC as a low-volume trader:
- Fee: 0.1 × 0.15% = 0.00015 BTC
- This amount is deducted from your received balance
So instead of receiving exactly 0.1 BTC, you get ~0.09985 BTC after fees.
Frequently Asked Questions (FAQ)
Q: Does Bybit charge deposit fees?
No, Bybit does not charge any deposit fees. However, the exchange or wallet you send funds from may charge a network transfer fee (e.g., bitFlyer charges 0.0004 BTC for BTC transfers).
Q: Are Bybit withdrawal fees high?
Bybit’s withdrawal fees are competitive and fixed. For example, 2 USDT for stablecoin withdrawals is among the lowest in the industry. Compared to variable blockchain fees elsewhere, this predictability helps control costs.
Q: Can I reduce overall transaction costs?
Yes. Strategies include:
- Using TRC-20 USDT (lower network fees)
- Consolidating deposits/withdrawals to minimize transactions
- Increasing trading volume to qualify for lower fees on domestic exchanges
- Choosing SBI Net Bank for free JPY transfers
Q: Why use Bybit if there are so many fees?
While multiple fees apply across platforms, Bybit offers superior trading tools, deep liquidity, and advanced derivatives — ideal for active traders seeking performance over simplicity.
Q: Is it safe to transfer between exchanges?
Yes, as long as you double-check wallet addresses and use trusted exchanges with strong security records like bitFlyer and Bybit.
Q: What’s the cheapest way to cash out from Bybit?
The most cost-effective path:
- Withdraw USDT via TRC-20 network (only 2 USDT fee)
- Send to a domestic exchange supporting USDT/JPY pairs
- Sell USDT for JPY with low trading fees
- Transfer JPY using SMBC for ¥440 fee (if over ¥30,000)
Final Thoughts: Mastering Costs for Smarter Crypto Trading
Trading on Bybit involves several touchpoints — each with associated fees across domestic exchanges and blockchain networks. While the process may seem complex at first, understanding each cost component empowers you to optimize your strategy.
Key takeaways:
- Bybit charges no deposit fees, only fixed withdrawal fees
- Domestic exchanges charge network and trading fees
- Smart banking choices (like SBI Net Bank) can eliminate transfer costs
- High-frequency traders should aim for lower-tier fee brackets
With this knowledge, you can confidently navigate deposits, trades, and withdrawals — maximizing profits while minimizing unnecessary expenses.
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