2024-10-11 04:33:26Bybit’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 or Derivatives 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.
Funding Account Overview
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1 |
Total Assets |
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 |
Available Balance |
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: — Fiat Withdrawals
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3 |
Deposits, Withdrawals, Transfers and Convert |
— 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 |
Available Balance of the respective assets |
Similar to the available balance mentioned on point no.2, this shows the available balance for each asset individually. |
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5 |
Funding History |
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 |
Amount Frozen |
Assets will be locked during the following situations: — Fiat Withdrawals — Pending verification after being flagged by Risk Control |
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.
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