Crypto deposits with USDT, USDC and more

How crypto deposits work on Bitvyl

Bitvyl accepts deposits in cryptocurrency. Your deposit is converted and credited in US dollars to your real account. You then use this balance for Fixed Time Trading.

Here are the basic rules:

• Minimum deposit: US$ 15, or the minimum of the coin network if it is higher.
• Bitvyl fee: none. Bitvyl does not charge a fee on deposits.
• Network fee: paid by you, from your wallet. This fee goes to the blockchain network, not to Bitvyl.
• Payment request: valid for 24 hours.
• Credit: automatic, after the network confirms your transaction.

Deposits are processed through a crypto payment processor. You do not need a bank account or a card.

Step by step: making a deposit

1. Log in and open the Deposit section.
2. Choose your coin and network, for example USDT on TRC-20.
3. Enter the amount in US dollars.
4. The platform shows you a payment page with a wallet address, the exact amount to send and, for some coins, a memo or tag.
5. Open your own wallet and send exactly that amount to that address, on that network.
6. Wait for the network confirmation. Your balance is then credited automatically.

Coins and networks you can use

Bitvyl supports many coins and networks. Only the options that are enabled at the moment appear in the deposit form.

Stablecoins like USDT and USDC are popular because their value stays close to one US dollar. This makes it easier to know how much you are depositing.

How to choose a network

The same coin can travel on different networks. For example, USDT exists on TRC-20, BEP20, ERC-20 and others. Each network has its own fees and speed.

• ERC-20 is usually the most expensive network in gas fees.
• TRC-20 and BEP20 are usually cheaper.
• Fees change all the time, so always check the fee in your wallet before you send.

The most important point is not the fee. It is this: choose a network that your wallet supports, and remember that you must withdraw on the same network. Read our comparison of USDT BEP20 vs TRC20 vs ERC20 fees for more detail.

Safety rules: read before you send

Crypto transactions cannot be reversed. A small mistake can mean lost funds. Follow these rules every time:

• Send only the coin shown, on the network shown. If the page says USDT on BEP20, do not send USDT on ERC-20. Sending the wrong coin or the wrong network can cause your funds to be lost.
• Send the exact amount. Remember that some wallets subtract the network fee from the amount you send. Check that the amount that arrives matches the amount on the payment page.
• Add the memo or tag if one is shown. Some coins, such as XRP or XLM, may need a memo or tag. Without it, the deposit may not be credited.
• Copy the address carefully. Copy and paste it, then check the first and last characters.
• Pay within 24 hours. After that, the payment request expires. Create a new one if needed.

Withdrawals: the same-currency rule

Withdrawals are made in crypto, to your own wallet. There is one key rule: you withdraw in the same currency and on the same network you used to deposit. If you deposited USDT on BEP20, you withdraw USDT on BEP20.

Before you can withdraw, you must complete identity verification (KYC). You upload an ID document and a selfie. Every withdrawal request is then reviewed by the finance team. Bitvyl charges $0 commission on withdrawals, but network fees may apply. The minimum withdrawal amount is shown in the withdrawal form.

For extra security, turn on two-factor authentication (2FA) with an authenticator app. You can use it for login and for withdrawals. For the full process, read how to withdraw funds.

Before your first deposit

If you are new, practise first on the free demo account. It has US$ 50,000 in virtual funds and the same tools as the real account. Learn how Fixed Time Trading works and only deposit money you can afford to lose. Trading involves high risk. You can also return to the home page to see all features.