Topic: Best way to convert BUSD on Binance.us and deposit to Bybit? (Read 95 times)
Thank you everyone. Much appreciated!
I believe Bybit only works with USDT and not actual USD.
- USDT Perpetual uses USDT as collateral.
- Inverse Perpetual (denominated in USD) uses their supported cryptocurrencies (BTC, ETH, EOS and XRP) as collateral. That, of course, involves its own risk since all of them are volatil and can crash at any moment.
You'll need to transfer any of the assets (including USDT) and choose which one to trade. All of them can be exchanged between each other on their exchange.
- USDT Perpetual uses USDT as collateral.
- Inverse Perpetual (denominated in USD) uses their supported cryptocurrencies (BTC, ETH, EOS and XRP) as collateral. That, of course, involves its own risk since all of them are volatil and can crash at any moment.
You'll need to transfer any of the assets (including USDT) and choose which one to trade. All of them can be exchanged between each other on their exchange.
You can just send USDT to bybit and then convert it. Bybit has an internal exchange which you can use to convert USDT to any supported coin in the platform. The fee is charged for conversion is 0.1%
Hello amazing Crypto community. Can anyone be so kind to help this conundrum in my head that this noob can’t seem to figure out? 
I have some BUSD on Binance that I want to deposit into Bybit. They only trading pairs to choose from is BUSD/USD and BUSD/USDT. I don’t really want to use Tether unless I have to (for obvious reasons). The only crypto that I can deposit on Bybit is BTC, ETH, EOS, XRP and USDT. Am I understanding this correctly that my only option would then be to trade my BUSD to USDT and then transfer to Bybit? What are my options? I'd like to convert to BTC and trade with it on Bybit. How is this possible and fees associated?
This noob thanks you tremendously!
I have some BUSD on Binance that I want to deposit into Bybit. They only trading pairs to choose from is BUSD/USD and BUSD/USDT. I don’t really want to use Tether unless I have to (for obvious reasons). The only crypto that I can deposit on Bybit is BTC, ETH, EOS, XRP and USDT. Am I understanding this correctly that my only option would then be to trade my BUSD to USDT and then transfer to Bybit? What are my options? I'd like to convert to BTC and trade with it on Bybit. How is this possible and fees associated?
This noob thanks you tremendously!
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