Bybit’s Funding Account serves as the primary account for users, providing a secure and efficient platform to manage their Crypto and Fiat assets deposits and withdrawals. Additionally, it grants users access to a comprehensive suite of finance products and trading tools, empowering traders with the necessary resources to navigate the crypto market effectively and enhance their trading experience.
Below are some major products and services channeled the funds via Funding Account:
1. Crypto Deposits will be credited to the Funding Account. You can also enable the auto transfer setting if you want your funds to be auto-transferred to other accounts such as Spot Account after the deposit has been credited.
2. For Crypto Withdrawals, users have to transfer their funds to the Spot Account or the Funding Account before they can withdraw funds. To learn more on how to transfer your assets, please refer to How to Transfer Assets on Bybit.
3. NFT transactions include both NFT purchases and NFT sales. Any cost for purchases or proceeds from sales will go through the Funding Account.
4. For Launchpad subscriptions, users will need to transfer their MNT or USDT to the Funding Account before they can be committed to Launchpad during the subscription period. Any remaining committed MNT or USDT will be credited back to the Funding Account as well. However, the allocated token amount will be distributed to the Spot Account (for users who have not upgraded to a Unified Trading Account) or UTA Account (for users who have upgraded to a Unified Trading Account).
5. For the Trading Bot, users will need to transfer their funds to Funding Account to create the trading bot. Once you terminate your trading bot, the funds will be returned to Funding Account.
6. For Crypto Loans, general users who did not upgrade to Unified Trading Account (UTA) will still be using funds in their Spot Account for borrowing. Only users who upgraded to Unified Trading Account will be using the Funding Account for crypto loans. UTA users will need to transfer their funds to the Funding Account in order to borrow funds, repay their borrowing, or adjust the collateral amount.
7. For Earn products, the principal and yield will be credited back to the Funding Account upon maturity. To subscribe or purchase new Earn products, users will need to transfer their funds to the Funding Account.
9. For other Fiat Services such as One-click Buy, Fiat Deposit, Fiat Withdrawal, or Bybit Card, all the funds will be channeled through the Funding Account.
Funding Account Overview
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1
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Total Assets
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The total assets shows the sum of all cryptocurrencies and fiat assets held in the Funding Account, denominated in BTC and your selected fiat currency. The system will first convert all assets into USD, and convert again into BTC and your selected fiat currency equivalent.
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2
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Available Balance
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The available balance shows the amount that can be transferred out or used for any other purposes. Amount Pending Release includes locked deposits pending blockchain confirmation or risk control review.
Please note that while Amount Pending Release is included in the available balance, the amount is locked and will not be available for the following types of transactions:
— Crypto Withdrawals/Internal Transfers
— Fiat Withdrawals
— Bybit Card Usage
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3
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Deposits, Withdrawals, Transfers and Convert
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— To make a crypto deposit, you can click on Deposit and refer to the instructions in the How to Make a Deposit guide.
— To make a crypto withdrawal to an external wallet or internal transfer to other Bybit users, you can click on Withdraw and refer to instructions in the How to Submit An On-Chain Withdrawal Request or How to Withdraw Assets via Internal Transfer guides.
— To transfer assets from the Funding Account to other accounts such as Spot Account, or others, you can click on Transfer and refer to instructions in the How to Transfer Assets on Bybit guide.
— To convert your coins directly on Bybit for any of the cryptocurrencies supported, you can click on Convert. For more details, please refer to How to Convert Your Assets.
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4
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Available Balance of the respective assets
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Similar to the available balance mentioned on point no. 2, this shows the available balance for each asset individually.
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5
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Funding History
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You can check the asset history of the Funding Account by clicking on the History icon. For more details, please refer to the details on Funding Account History below.
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6
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Amount Frozen
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Assets will be locked during the following situations:
— Fiat Withdrawals
— Launchpad subscriptions
— Pending verification after being flagged by Risk Control
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Funding Account History
On the Funding Account History, you will be able to see the deposit (Fiat & Crypto) record before the Funding Account upgrade from Funding Account History Tab or Spot Account History (MNT Convert and others).
To check the transaction log on Funding Account after the upgrade, you can view the All Transactions tab. It shows all transactions that have changed the balance of the Funding account.
2023-09-16 08:38:47
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