| Season: | 1992–93 |
| Dates: | 15 August 1992 – 3 July 1993 |
| League Topscorer: | 16 – Z.Selimov (Frunzenets) |
| Biggest Home Win: | Dynamo - Prometei Dz 7:0 (Round 32) |
| Biggest Away Win: | Kanatnyk - Frunzenets 1:6 (Round 7) |
| Highest Scoring: | Voikovets - Prometei Dz 7:1 (Round 30) Dynamo - Torpedo 6:2 (Round 13) |
| Nextseason: | 1993–94 |
The 1992–93 Ukrainian Transitional League season was the first season of the fourth tier which existed for the next three years. The League was organized after the split of the 1992 Transfer League into the Second League and the Transitional League.
A total of eighteen teams participated in the competition, ten of which contested the 1992 season in the Ukrainian Second League and the remaining eight were promoted from the KFK competition (Amateurs). The competition began on August 15, 1992, with eight games. After the 17th round (November 17, 1992) the competition was retired for a winter break until April 3, 1993. The competition concluded on July 3, 1993.
| Team | Location | Venue | League and position in 1992 | Coach | Replaced coach | |
|---|---|---|---|---|---|---|
| Fetrovyk | Khust | Avanhard Stadium | 1992 Ukrainian Transitional League (Group A) | A.5 |  Karlo Soikov | |
| Olympik | Kharkiv | KhTZ Stadium | A.6 | Mykola Koltsov | ||
| Elektron | Romny | Elektron Stadium | A.7 | Oleksandr Kvasha | ||
| Lysonia | Berezhany | Nyva Stadium | A.8 | Yaroslav Pavlyskyi | ||
| Promin Volia Baranetska | Sambir Raion | Kolos Stadium | A.9 | Yaroslav Khomyn | ||
| Prometei S. | Shakhtarsk | Shakhtar Stadium | 1992 Ukrainian Transitional League (Group B) | B.5 | Yuriy Vankevych | Anatoliy Poliakov |
| width=60 | Voikovets | Kerch | 50ty-richia Zhovtnia Stadium | B.6 |  Aleksei Yakimovich | |
| Silur | Khartsyzk | Stalekanatchyk Stadium | B.7 | Mykhaylo Sokolovsky | Oleksandr Sliusarenko | |
| Antratsyt | Kirovske | Yuvileiny Stadium | B.8 | Oleksiy Varnavskiy | Anatoliy Molotai | |
| More | Feodosiya | Albatross Stadium | B.9 | Yuriy Naurzokov | ||
| Avanhard | Zhydachiv | Avanhard | uncertain origin | Valentyn Khodukin | ||
| Dynamo | Luhansk | Avanhard Stadium | Yuriy Pohrebniak | |||
| Borysfen | Boryspil | Kolos Stadium | bgcolor=lightgrey colspan=2 | during season merged w/Nyva Myronivka | ||
| Frunzenets | Saky | Kolos Stadium | 1991 Ukrainian KFK competitions | Mamed Isayev | ||
| Naftokhimik | Kremenchuk | Naftokhimik Stadium | Mykhailo Byelykh | |||
| Nyva | Myronivka | Nyva Stadium | Volodymyr Kolomiets | |||
| Prometei D. | Dniprodzerzhynsk | Peremoha Stadium | Volordymyr Derun | |||
| Shakhtar | Horlivka | Stadium of Kalinin Mine | Volodymyr Nepomnyashchyi | |||
| Torpedo | Melitopol | Avanhard Stadium | Yuriy Rozenko | |||
FC Silur Khartsyzk had several games changed into a technical loss (-:+) as the club used a player from Shakhtar Horlivka (Suprunenko). Several opponents of Silur Khartsyzk received a technical victory (+:-) (Antratsyt - Round 18 on April 3, Shakhtar - Round 22 on April 24)
On May 22, 1993 Fetrovyk Khust did not arrive for the game of the Round 27 with Prometei Shakhtarsk and it was awarded a technical loss (-:+). On June 5, 1993, during the game of the Round 29 against Frunzenets Frunze, the team of Fetrovyk Khust walked of the pitch on the 25th minute in the protest of a referee's decision.