How to Transfer Cryptocurrency from Coincheck to Bybit: A Beginner’s Guide

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Transferring cryptocurrency between exchanges is a fundamental skill for anyone exploring digital assets. If you're wondering how to move funds from Coincheck to Bybit, especially as a beginner, this step-by-step guide will walk you through the entire process—securely and efficiently.

We’ll focus specifically on transferring Ripple (XRP), one of the most reliable and cost-effective cryptocurrencies for cross-exchange transfers. Whether you're using a smartphone or desktop, this guide ensures clarity, safety, and speed.

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Why Use XRP for Exchange-to-Exchange Transfers?

Before diving into the steps, let’s understand why XRP is an ideal choice for transferring crypto between platforms like Coincheck and Bybit.

Advantages of Using XRP:

Because of these benefits, XRP is often the go-to asset when moving funds between exchanges—especially for beginners who want reliability without complexity.

Step-by-Step: How to Send XRP from Coincheck to Bybit

This process involves four clear steps. Follow them carefully to ensure a smooth and secure transfer.

🔐 Important Note: Always complete a small test transfer first before sending large amounts. This helps verify that your wallet address and destination tag are correct.

Let’s begin.

Step 1: Get Your Deposit Address on Bybit

First, you need to find where to send your XRP on Bybit.

  1. Open the Bybit app.
  2. Tap "Assets" in the bottom right corner.
  3. Tap "Deposit".
  4. Search for or select XRP (Ripple).
  5. A deposit wallet address will appear—tap the copy icon to save it to your clipboard.
  6. Keep this screen open—you’ll also need the "Tag" (also called a Destination Tag), which is essential for XRP deposits.

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⚠️ Never skip copying the Tag. If you omit it during the transfer, your funds may not arrive—or could be lost.

Now that you’ve copied both the address and Tag, switch back to the Coincheck app.

Step 2: Add Bybit as a Recipient in Coincheck

To send XRP safely, you must register Bybit as a trusted recipient in your Coincheck wallet.

  1. Open the Coincheck app.
  2. Tap "Wallet" at the bottom.
  3. Select XRP (Ripple).
  4. Tap "Send".
  5. In the “Recipient” field, tap "Add/Edit" in the top right.
  6. Tap "New Recipient".
  7. Change the currency from Bitcoin (default) to XRP by tapping the icon on the right.
  8. Enter a label like “Bybit” in the name field.
  9. Paste the wallet address you copied earlier into the address field.
  10. Paste the Tag (from Bybit) into the “Destination Tag” field.
  11. Tap the icon next to “Service Name,” then select “Other”.
  12. Manually type “Bybit” in the service name field.
  13. Tap "Send SMS Code", enter the verification code sent to your phone, then tap "Add".

Once confirmed, you’ll see a success message: "Recipient added successfully!"

You should also receive an email confirmation from Coincheck—keep it for your records.

Step 3: Send XRP from Coincheck to Bybit

Now it’s time to initiate the actual transfer.

  1. Back in the Coincheck app, tap the dropdown arrow next to “Recipient” and select your newly added Bybit entry.
  2. Choose your transfer purpose (e.g., personal investment).

  3. Enter the amount of XRP you wish to send.

    ✅ Beginner Tip: Start with a small amount like 10–50 XRP for testing.
  4. Tap "Next".
  5. Open your 2FA authentication app (like Google Authenticator), copy the code for Coincheck, and paste it.
  6. Check the box to agree to the terms.
  7. Tap "Confirm Transfer".

If you see "Transfer request completed!", your transaction has been submitted.

You’ll also receive an email titled "Transfer Notification"—review it to confirm details.

🔁 After the test transaction confirms on Bybit (usually within minutes), proceed with transferring the rest of your balance.

Step 4: Confirm Deposit on Bybit

Finally, verify that your XRP has arrived safely.

  1. Open the Bybit app.
  2. Go to "Assets" > "Spot Wallet".
  3. Look for your XRP balance—it should reflect the transferred amount.

Additionally, Bybit sends an automatic email titled "Deposit Confirmation Notice." Compare the amount and timestamp with your sent transaction for peace of mind.

Once confirmed—you’re all set! You can now trade, stake, or hold your XRP on Bybit.

Frequently Asked Questions (FAQ)

Q: Do I always need a Destination Tag when sending XRP?

Yes. The Destination Tag (or Memo/Tag) identifies your specific account within Bybit's shared wallet system. Omitting it may result in lost funds.

Q: How long does an XRP transfer take?

Most transfers settle in 3–5 seconds, though rare network delays can extend this slightly.

Q: Is there a minimum XRP transfer amount?

Yes. Both Coincheck and Bybit require a minimum balance to prevent spam attacks on the XRP Ledger (typically around 10–20 XRP reserved per wallet).

Q: Can I use other cryptocurrencies like Bitcoin or Ethereum?

Yes, but they’re slower and more expensive. For fast, low-cost transfers between exchanges, XRP remains optimal.

Q: What if I sent XRP without a Tag?

Contact Bybit Support immediately with your transaction ID (TXID). Recovery is possible but not guaranteed.

Q: Are there fees for transferring XRP?

Yes, but minimal—usually around $0.01–$0.10 per transaction, paid in XRP from your sending wallet.

Summary: Key Takeaways

Transferring cryptocurrency from Coincheck to Bybit doesn’t have to be intimidating—even if you're new.

Here’s what we covered:

With just a few taps on your smartphone, you can securely move assets between platforms and unlock access to advanced trading features on global exchanges.

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Core Keywords

By following this guide, you’ve taken a crucial step toward mastering cryptocurrency management across multiple platforms—securely and confidently.