What is OTC Trading?
Over-the-Counter (OTC) Trading allows eligible users to purchase cryptocurrency using their USD balance via One-Click Buy or to convert cryptocurrencies via Convert, with support for large order sizes. For qualifying orders, OTC pricing may apply to offer more competitive pricing.
Important note: Fiat services, such as One-Click Buy or Fiat-to-Crypto Conversion, may not be available to certain users. Check this article to confirm your eligibility.
What is OTC pricing, and how does it differ?
OTC Trading is designed for large-value orders and aims to:
- Offer more competitive pricing for eligible order sizes
- Reduce price impact compared to standard execution
- Improve execution efficiency for large trades
Final pricing is shown before you confirm the order.
Who is eligible to use OTC Trading?
- For One-Click Buy, OTC Trading is available to users who have completed Individual Verification and have a cryptocurrency balance greater than USD 20,000. Unfortunately, Business Verification is currently not supported.
- For Convert, OTC Trading is available to users who have completed either Individual Verification or Business Verification and have a cryptocurrency balance greater than USD 50,000.
Please note that Convert OTC Trading is not available to users who have enabled Spot Margin or Institutional Lending.
Can I perform OTC Trading transactions using both the Main Account and Subaccount?
- For One-Click Buy, OTC Trading is only supported through your Main Account and does not support Subaccounts.
- For Convert, OTC Trading transactions are supported for both your Main Account and Subaccounts.
Does OTC Trading support fiat-crypto conversion?
OTC Trading supports fiat-crypto conversion only through One-click Buy. Please note that currently, the supported fiat type is USD, and the supported crypto types include USDT and USDC.
What order sizes are supported for OTC Trading?
- For One-Click Buy, OTC Trading is available for orders with a notional value between USD 20,000 and USD 2,000,000.
- For Convert, OTC Trading is available for orders with a notional value between USD 50,000 and USD 10,000,000.
Which assets are supported?
Depending on the services you use, OTC Trading supports:
Stay tuned for potential additions to the list of supported cryptocurrencies in the future.
How do I pay for the One-Click Buy order?
All orders must be paid using the USD balance held on Bybit. You will need to deposit USD in advance and ensure your balance is sufficient before placing an order. Please note that the USD balance is not available to certain users, depending on their KYC country. For example, users from Russia can only make RUB transactions in Fiat. For more information, please refer to this article.
For One Click Buy, does depositing USD mean I am buying USDT or USDC immediately?
No. Depositing USD only increases your USD balance on Bybit. You can use this balance later for immediate USDT or USDC purchases on One-Click Buy.
Where can I see the final price?
The applicable price, including OTC pricing if eligible, will be clearly displayed in the order interface before you confirm the purchase.
Are prices guaranteed?
No. Pricing is determined at the time of order placement and is subject to market conditions and applicable rules.
Are there any fees incurred for using OTC Trading?
No, there are no additional fees for using OTC Trading.
Where can I place OTC orders?
You can place an order through One-Click Buy or Convert. When you place an order over USD 20,000 with a sufficient USD balance on One-Click Buy and over USD 50,000 on Convert, the OTC price rate will be automatically applied.
How can I access OTC Trading?
Step 1: On your Bybit App homepage, tap on More → Buy Crypto or Convert.
Step 2: On the One-Click Buy or Convert page, you can perform the following steps:
Step 1: On the Bybit Website, click on Buy Crypto → One-Click Buy or Convert on the top left corner of the navigation bar.
Step 2: On the One-Click Buy or Convert page, you can perform the following steps:
What are the minimum and maximum conversion amounts for OTC Trading?
The specific minimum and maximum conversion amounts can be viewed in the order zone.
Can I use my Fee Saver for OTC orders?
Yes, the Fee Saver for fee discounts also applies to One-Click Buy OTC orders. You may choose the applicable Fee Saver in the payment confirmation step. For more information about the Fee Saver, you may refer to the FAQ — Rewards Hub.
How long does an OTC Trading take to process?
- For One-Click Buy, coins purchased via OTC Trading will be credited to your account immediately (or at least within 24 hours) after the purchase is complete. It usually takes less than 10 minutes for the transaction to be credited. If a payment is successful, but the order expired, transactions will be refunded within 7-14 working days.
- For Convert, the conversion of the crypto via OTC Trading is processed immediately.