Here's a step-by-step guide to help make your first Fiat Pair trade easier. It will guide you through the whole process: deposit fiat currency, transfer fiat currency, place and view orders, and withdraw fiat currency.

Deposit Fiat Currency
Transfer Fiat Currency
Place and View Your Order
Withdraw Fiat Currency

Deposit Fiat Currency

Bybit EU provides a variety of fiat deposits to make it easier for you to trade instantly via Fiat Balance. The procedures for depositing funds in different fiat currencies are slightly different. For more details, please consult this guide.

Transfer Fiat Currency

Your fiat currency deposit will be credited to your Funding Account. Before placing an order, please transfer the fiat currency from your Funding Account to your Unified Trading Account.

Step 1: Go to the Assets page and tap on Transfer to be redirected to the transfer page.

Step 2: Make sure the selected accounts and fiat currency are correct, then enter the amount to be transferred. Next, click on Confirm.

Place and View Your Order

Click on Trade → Spot in the navigation bar, and then select the respective Fiat to start your transaction.

Examples

Take USDC/EUR as an example:

If the current price of USDC is 0.95 EUR. Traders can buy 100 USDC with 95 EUR or sell 100 USDC into 95 EUR.

Trader A buys 100 USDC using a Market Order with EUR.

Taker's Fee for Trader A = 100 USDC x 0.1% = 0.1 USDC

After the order is filled, Trader A buys 100 USDC with a Market Order, so he will pay a Taker's Fee of 0.1 USDC. Therefore, Trader A will receive 99.9 USDC.

Trader B sells 100 USDC using a Limit Order to EUR.

Maker's Fee for Trader B = 95 EUR x 0.1% = 0.095 EUR

After the order is filled, Trader B sells 100 USDC with a Limit Order, so he will pay a Maker's Fee of 0.095 EUR. Therefore, Trader B will receive 94.905 EUR.

Notes:

— To learn more about how to place Spot orders, please refer to How to Get Started With Spot Trading.

— Fiat trading will incur the same fees as spot trading. Please consult this article for more information : Spot Trading: Fees explained.

To view your order details or trade history, please check under the Open Orders, Order History or Trade History columns in the position zone.

Withdraw Fiat Currency

To withdraw your fiat currency, please go to the Assets page and tap on Transfer → Fiat Withdrawal. The procedures for withdrawing funds in different fiat currencies are slightly different. For more details, please visit this guide.

Please note that the fiat trading pairs you trade may not be supported in Fiat Withdrawal yet. You can check the supported coin on the Fiat Withdrawal page.

How to Trade Fiat Trading Pairs on Bybit EU