How to trade on Bybit Exchange? Graphic trading process

Swiftly create a trading account on Bybit with a click on "Sign Up," providing your email and phone number for a verified start to your trading journey.

Oct 02, 2024 at 07:47 am

How to Trade on Bybit Exchange: A Step-by-Step Guide with Visuals

Step 1: Create an Account

Visit the Bybit website at bybit.com and click "Sign Up." Enter your email address, phone number, and create a password. Verify your account using the code sent to your email or phone.

Step 2: Deposit Funds

Once your account is created, you need to deposit funds to start trading. Bybit supports a variety of cryptocurrencies, including Bitcoin, Ethereum, and USDT. Click on "Assets" and then "Deposit." Select the cryptocurrency you want to deposit and follow the instructions.

Step 3: Find a Trading Pair

Once your account is funded, you can start finding trading pairs to trade. Click on "Markets" and browse through the available pairs. Select a pair that you want to trade, such as BTC/USDT.

Step 4: Place a Trade

To place a trade, click on the "Order" button. Choose the type of trade you want to make:

• Market Order: Fills your order immediately at the current market price.
• Limit Order: Allows you to set a specific price at which you want your order to be executed.
• Stop Order: Activates when the price reaches a certain level.

Enter the amount you want to trade and the price (if placing a limit or stop order). Click "Buy" or "Sell" to place your order.

Step 5: Monitor Your Trade

Once your order is placed, you can monitor it under the "Orders" tab. You can see the status of your order, such as filled, partially filled, or pending.

Step 6: Withdraw Funds

When you're ready to withdraw your funds, click on "Assets" and then "Withdraw." Enter the amount you want to withdraw, the wallet address, and the cryptocurrency you want to withdraw. Follow the instructions and confirm your withdrawal.

Visual Trading Process

1. Login Screen: Enter your email or phone number and password.
2. Dashboard: Fund your account, find trading pairs, and place trades.
3. Order Widget: Enter the order type, amount, and price.
4. Charts: Analyze price movements and make trading decisions.
5. Order History: Monitor the status of your orders.
6. Withdraw Widget: Withdraw funds to your wallet.