Hello. 바이비트 is an overseas exchange where futures can be traded, and it is one of the most popular exchanges. Unlike a domestic exchange, you can’t buy coins directly in Korean won, but you may have to go through the process of depositing coins to a domestic exchange -> an overseas exchange, so it may be a little difficult!
Today, we will briefly talk about how to make a deposit and withdrawal on the bi-bit exchange. First of all, in order to deposit and withdraw money with Bybit, you need to complete the registration with one domestic cryptocurrency exchange and the Bybit membership!
There seem to be a lot of people using mobile these days, so I’ll explain how to deposit and withdraw money on a mobile basis.
Coin deposit and withdrawal fee as of 2.28 days
Bitcoin 0.0009BTC (KRW 41,551)
Ethereum 0.018 ETH (KRW 58,014)
Ripple 1XRP (KRW 886)
Tron 1TRX (KRW 70.65)
It’s a cryptocurrency deposit and withdrawal fee. Sometimes, there are many people who withdraw money from Bitcoin or Ethereum without knowing, but the fee is
Because it’s high, it’s better to use Ripple or Tron when you make a deposit or withdrawal.
Ripple and Tron are often used as coins for transmission because of their low fees and high transmission speed!
As I said earlier, in order to withdraw or deposit coins with Bibit, it is necessary to move from a domestic exchange to an overseas exchange and from an overseas exchange to a domestic exchange.
The following is how to deposit the bi-bit exchange from Upbit.
The reason for using Upbit among domestic exchanges is that the fee is the cheapest, fast, and simple.
I’ll try to access via Bybit first.
Connect to the bi-bit application. Then click on the wallet at the bottom right.
In the assets, there should be a kind of spot, drivates, select spot, and click xrp.
From Upbit -> I will deposit it as Bybit, so click Deposit!
Click OK on the deposit precautions.
You have to check the destination tag and deposit address carefully!
Then, the address of the ripple deposit and the destination tag will appear, but click the copy on the right
I’ll copy it. If you enter the wrong address, it might be hard to find it with a wrong deposit
Please check it out one more time! It’s more accurate to copy and paste than to write it yourself Haha
Access the Upbit app, buy a ripple coin, and click Deposit in the lower right corner.
Click the Coin Search window.
Then click Ripple.
Make the maximum amount of money to be deposited by Vibit and click Apply for withdrawal.
The BIBIT deposit address and destination tag that appeared on the BIBIT app
Just paste it and check it out! Then, the withdrawal will be completed with Bybit after 1 Kakao Pay certification.
Next, I’ll explain how to withdraw money from Vibit to Upbit~
You can deposit the same amount from the overseas exchange, Vibit, to the domestic exchange, Upbit!
After connecting to Upbeat and purchasing Ripple,
After accessing the deposit and withdrawal screen, search for and click on the ripple.
If it is the first won deposit and withdrawal, digital assets cannot be withdrawn for 72 hours,
Coin withdrawal is not possible for 24 hours after the first KRW withdrawal.
If you don’t know this part, and you buy coins after depositing won, but you can’t withdraw, there is a possibility that you will lose money due to market volatility So please be aware of that!
Review the deposit and withdrawal instructions and click Close.
xrp supports only that mainnet.
Click (+). Precautions are written before deposit. Please note that only ripple can be deposited from the address above, and errors/losses caused by depositing other coins cannot be recovered!
Check the deposit address and destination tag and copy it.
You have to enter both the deposit address and the destination tag correctly, so rather than using the keyboard keyboard,
Copy and paste will be correct Haha
After accessing the bi-bit app again, select the spot wallet in the lower right asset and click xrp.
Click with draw because you are withdrawing from Bybit to Upbit.
Enter the number of ripples to withdraw and click all if you want to withdraw all the coins you want to send.
Paste the destination tag that you copied from Upbit above into the second column
Paste the deposit address in the third column.
Actually, there’s almost no mistake in copying and pasting. But just in case, if you check it one more time and click withdraw, the withdrawal will be completed from Bybit to Upbit~
So far, we’ve learned how to deposit and withdraw money from the bi-bit exchange