What is Bybit OTC Trading?
Over-the-counter (OTC) trading on Bybit occurs directly between two counterparties, distinguishing it from exchange-based trading. Prices are negotiated between these parties, and transactions occur outside Bybit's standard trading platform. This creates an alternative method for trading cryptocurrencies.
This service is primarily designed for users with significant account balances and Bybit VIP users.
Eligibility for Bybit OTC Trading
- Users who have completed Level 1 KYC verification for individuals are eligible.
- Not available for users who activated spot margin trading or institutional lending.
Key Differences: OTC Trading vs. Conversion on Bybit
| Feature | OTC Trading | Conversion |
|-----------------------|-------------------------------------|-------------------------------------|
| Use Case | Large transactions | Small-amount conversions |
| Pricing | Competitive rates for bulk deals | Standard market rates |
| Liquidity | No order book reliance | Uses exchange liquidity |
Supported Coins for OTC Trading
Bybit OTC currently supports:
- USDT ↔ ETH/BTC
- USDC ↔ ETH/BTC
- ETH/BTC ↔ USDT/USDC
- USDT ↔ USDC
Note: Fiat-to-crypto conversions are not supported.
Fees and Account Types
- Zero fees for OTC trading.
- Available for both main accounts and sub-accounts.
How to Access Bybit OTC Trading
Mobile App
- Tap Bybit OTC Trading on the homepage.
- Select assets, input amount, and confirm.
Website
- Navigate to Trade > Bybit OTC Trading.
- Follow the same steps as mobile.
Processing Time and Limits
- Instant conversion.
- Min/max limits are visible in the order zone.
FAQs
1. Can I trade OTC with fiat currencies?
No—only crypto-to-crypto conversions are supported.
2. Are there hidden fees?
Bybit charges no additional fees for OTC trades.
3. Why choose OTC over regular trading?
OTC offers better rates for large volumes without impacting market liquidity.
4. Is OTC available 24/7?
Yes, but liquidity may vary outside peak hours.
5. Can institutional clients use OTC?
Only if they haven’t enabled institutional lending.
Need more help? Check our support page for live assistance.