How long does a deposit from Bybit to Peanut take?

Most deposits arrive within 1–10 minutes depending on the network. Solana and Arbitrum are typically the fastest. Bybit may apply additional security reviews on large or first-time withdrawals, which can add a delay before the transaction is broadcast on-chain.

What is the cheapest way to deposit from Bybit to Peanut?

Select Arbitrum or Polygon for the lowest withdrawal fees. Bybit displays exact fees in the withdrawal window before you confirm. Peanut charges no deposit fee, so the only cost is Bybit's withdrawal fee.

Can I deposit DAI from Bybit?

No. Bybit does not list DAI for withdrawal. If you hold DAI, convert it to USDC or USDT on Bybit before withdrawing to Peanut.

What happens if I select the wrong network?

Sending on a network that does not match your Peanut deposit address will result in permanent loss of funds. Always double-check that the chain type selected in Bybit matches the network shown in the Peanut app. If you are unsure, send a small test amount first.

My deposit from Bybit has not arrived — what should I do?

Check the withdrawal status in Bybit under your transaction history. If it shows "completed," copy the transaction hash and look it up on the relevant block explorer. If confirmed on-chain but not showing in Peanut, contact Peanut support with the transaction hash. See the deposit troubleshooting guide for more details.

Is Bybit available in my country?

Bybit is available in most countries outside the US, UK, Canada, mainland China, and Singapore. It is also restricted in North Korea, Cuba, Iran, and Syria. Check Bybit's terms of service for the full list of restricted jurisdictions.

Deposit from Bybit to Peanut

Withdraw USDC or USDT from your Bybit Spot Account to Peanut. Low fees on Arbitrum and Polygon. Funds arrive in minutes.

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How to Deposit from Bybit to Peanut

Withdrawing stablecoins from Bybit to Peanut is straightforward. Send USDC or USDT from your Bybit Spot Account to your Peanut deposit address, and your balance arrives in minutes. Peanut charges no deposit fees — you only pay Bybit's withdrawal fee, which is competitive across most networks.

Once your deposit lands, your money is held in digital dollars. From there you can pay at over a million merchants in Argentina via Mercado Pago QR, send Pix in Brazil, send money to friends and family, or withdraw to a bank account in 40+ countries.

Before You Start

Info

Bybit is not available in the United States, United Kingdom, Canada, mainland China, or Singapore. Users in these countries should use Coinbase or Kraken instead.

Make sure you have the following:

A Bybit account with identity verification completed. Bybit requires KYC for all users. Unverified accounts have restricted withdrawal limits.
USDC or USDT in your Bybit Spot Account. If your stablecoins are in a Derivatives or Unified Trading account, transfer them to Spot first. Bybit does not support DAI — if you hold DAI, convert to USDC or USDT before withdrawing.
Two-factor authentication set up. Bybit requires email, SMS, or Google Authenticator verification for all withdrawals.
A verified Peanut account. You need a Peanut account to generate a deposit address. Verification takes under 2 minutes.

How to Deposit from Bybit

1
Open Peanut and copy your deposit address
In the Peanut app, tap "Deposit" and select your preferred network. Arbitrum and Polygon are recommended for the lowest fees. Copy the deposit address.
2
Open Bybit and go to Assets
Log in to Bybit and navigate to Assets, then select Spot Account. Find USDC or USDT.
3
Click Withdraw and select On-Chain Withdrawal
Choose the on-chain withdrawal option to send to an external address.
4
Paste the Peanut deposit address
Paste the address you copied from Peanut into the withdrawal address field.
5
Select the matching chain type
Choose the network that matches your Peanut deposit address. The withdrawal fee and minimum amount will appear once you select the chain. The network must match exactly — sending on the wrong network will result in lost funds.
6
Enter the amount and confirm
Enter the withdrawal amount, review the fee, and confirm with your security verification.

Your Peanut balance updates automatically once the transaction confirms on-chain. Most deposits arrive within 1–10 minutes.

Choosing the Best Network

Bybit supports all seven of Peanut's deposit networks. Fees are displayed in the withdrawal window once you select a chain:

Arbitrum and Polygon — recommended. These typically offer the lowest withdrawal fees on Bybit. Deposits confirm quickly.
Solana — fast option. Confirms in under 1 minute. Fee is generally competitive.
Base — solid alternative. Supports both USDC and USDT on Bybit.
Tron — USDT only. Approximately 1 USDT withdrawal fee. Does not support USDC.
Ethereum — avoid if possible. The highest withdrawal fee. Only use if you specifically need the Ethereum network.

Fees

Peanut deposit fee: free. Peanut charges nothing for deposits from any network.
Bybit withdrawal fee: varies by network. Bybit uses fixed fees that are adjusted periodically. Fees are displayed in the withdrawal window when you select a coin and chain. Check Bybit's withdrawal fee page for current rates.
Internal transfers (Bybit-to-Bybit): free. This does not apply when sending to Peanut, since Peanut uses external deposit addresses.

For a full overview of fees, visit the pricing page.

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FAQ

Deposit from Bybit in minutes. Low fees on Arbitrum and Polygon.

Deposit from Bybit to Peanut

How to Deposit from Bybit to Peanut

Before You Start

How to Deposit from Bybit

Open Peanut and copy your deposit address

Open Bybit and go to Assets

Click Withdraw and select On-Chain Withdrawal

Paste the Peanut deposit address

Select the matching chain type

Enter the amount and confirm

Choosing the Best Network

Fees

FAQ