What is Bybit (powered by SATOS) OTC Trading?

Over-the-counter (OTC) Trading on Bybit (powered by SATOS) is conducted directly between two counterparties, distinguishing it from exchange-based trading. Prices are negotiated between these counterparties, and these transactions take place outside of the Bybit (powered by SATOS) trading platform. It provides an alternative method for trading cryptocurrencies.

 

This service is primarily designed for users with substantial account balances and Bybit (powered by SATOS) VIPs.

Who is eligible to use Bybit (powered by SATOS) OTC Trading?

Users who have completed Individual KYC Lv. 1 are eligible.

Please note that Bybit (powered by SATOS) OTC Trading is not available to users who have enabled Spot Margin or Institutional Lending users.

What are the differences between Bybit (powered by SATOS) OTC Trading and Convert?

Key differences between Bybit (powered by SATOS) OTC Trading and Convert:

 

Bybit (powered by SATOS) OTC Trading:

• Preferred for more substantial trade sizes, providing access with confirmed prices without the need to engage with exchange orderbook liquidity.
• Offers more competitive pricing for substantial trades.

 

Convert:

• Primarily used for more modest conversion amounts

What coins are supported by Bybit (powered by SATOS) OTC Trading?

Currently, Bybit (powered by SATOS) OTC Trading supports the following conversions:

 

• You can convert your USDC to ETH or BTC, as well as USDC to ETH or BTC.
• Furthermore, you have the option to exchange ETH or BTC for USDC or USDC.
• You also have the option to convert between USDC and USDC.

 

Stay tuned for potential additions to the list of supported cryptocurrencies in the future.

Does Bybit (powered by SATOS) OTC Trading support fiat-crypto conversion?

No, Bybit (powered by SATOS) OTC Trading does not support fiat-crypto conversion through this feature. Please stay tuned for future updates regarding support for fiat-crypto conversions.

Are there any fees incurred for using Bybit (powered by SATOS) OTC Trading?

No, there are no additional fees for using Bybit (powered by SATOS) OTC Trading. 

Can I perform Bybit (powered by SATOS) OTC Trading transactions using both the Main Account and Subaccount?

Yes, Bybit (powered by SATOS) OTC Trading transactions are supported for both your Main Account and Subaccount.

How can I access Bybit (powered by SATOS) OTC Trading?

Via Bybit (powered by SATOS) App

Step 1: Tap on Bybit (powered by SATOS) OTC Trading on the homepage to enter the Bybit (powered by SATOS) OTC Trading page for your conversion. 

 

 

 

Step 2: On the Bybit (powered by SATOS) OTC Trading page, you can perform the following steps:

1. Select the asset you want to perform the conversion on. 
2. Select the asset that you want to convert.
3. Enter the amount you want to convert and click on Convert.
4. Double-check that the details are correct and tap on Confirm.

 

 

 

 

Via Bybit (powered by SATOS) Website

Step 1: Select Trade in the navigation bar and click on Bybit (powered by SATOS) OTC Trading to enter the Bybit (powered by SATOS) OTC Trading page.

 

 

 

 

Step 2: On the Bybit (powered by SATOS) OTC Trading page, you can:

1. Select the coin you want to perform the conversion on. 
2. Select the asset that you want to convert.
3. Enter the amount you want to convert and click on Convert.
4. Double-check that the details are correct and click on Confirm.

 

 

Congratulations! Your assets have been successfully converted.

Can I use Bybit (powered by SATOS) OTC Trading if I have Spot Margin enabled?

No, users with Spot Margin enabled cannot use Bybit (powered by SATOS) OTC Trading. Please disable it before you perform OTC Trading.

 

 

How long does an OTC Trading conversion take to process?

The conversion via Bybit (powered by SATOS) OTC Trading is processed immediately.

What are the minimum and maximum conversion amounts for Bybit (powered by SATOS) OTC Trading?

The specific minimum and maximum conversion amounts can be viewed in the order zone.