Bybit contract beginner tutorial

To begin trading cryptocurrency contracts on Bybit, create an account, fund it with cryptocurrency, and select the contract you wish to trade based on its specifications.

Nov 13, 2024 at 11:12 pm

Bybit Contract Beginner Tutorial

Introduction:

Bybit is a popular cryptocurrency derivatives exchange that offers a wide range of perpetual and futures contracts. If you're new to trading contracts on Bybit, this beginner tutorial will guide you through the process step-by-step, covering everything from account setup to order placement and risk management.

Step 1: Create a Bybit Account

a. Go to the Bybit website (https://www.bybit.com/) and click on "Sign Up."
b. Enter your email address, create a password, and agree to the terms and conditions.
c. Verify your email address by clicking on the link sent to your inbox.
d. Once your account is verified, you can log in and start trading.

Step 2: Fund Your Account

a. To trade contracts, you need to fund your Bybit account with cryptocurrency.
b. Click on "Wallet" and then "Deposit."
c. Select the cryptocurrency you want to deposit and copy the deposit address provided.
d. Send the cryptocurrency from your external wallet to the Bybit deposit address.
e. Once your deposit is confirmed, it will be available in your Bybit account.

Step 3: Choose a Contract

a. Bybit offers a variety of perpetual and futures contracts for different cryptocurrencies.
b. Click on "Trade" and then select the contract you want to trade.
c. Each contract will have its own specifications, such as the underlying asset, contract size, and leverage.
d. Make sure you understand the contract specifications before you start trading.

Step 4: Place an Order

a. To place an order, click on the "Order" tab in the trading interface.
b. Select the order type you want to use, such as market order, limit order, or stop-limit order.
c. Enter the order quantity and price.
d. Click on "Buy" or "Sell" to place the order.

Step 5: Monitor Your Position

a. Once your order is filled, it will appear in the "Positions" tab.
b. You can monitor the status of your position, such as the current price, profit and loss, and leverage.
c. If you want to close your position, click on the "Close" button.

Step 6: Risk Management

a. Trading contracts involves high risk.
b. Always use appropriate risk management strategies, such as stop-loss orders and position sizing.
c. Never risk more than you can afford to lose.

Step 7: Additional Tips

a. Use Bybit's demo account to practice trading before you start trading with real money.
b. Read Bybit's documentation and FAQs to learn more about trading contracts.
c. Join Bybit's Telegram community to connect with other traders and get support.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

XOR

$0.00

35.69%

Trade Now
SNT

$0.0401

21.96%

Trade Now
NPC

$0.0148

21.28%

Trade Now
TIBBIR

$0.1285

20.21%

Trade Now
KTA

$1.04

18.85%

Trade Now
VADER

$0.0627

16.79%

Trade Now

Latest Crypto News

2025-W Uncirculated American Gold Eagle and Dr. Vera Rubin Quarter Mark New Products
2025-06-13 06:25:13
Ruvi AI (RVU) Leverages Blockchain and Artificial Intelligence to Disrupt Marketing, Entertainment, and Finance
2025-06-13 07:05:12
H100 Group AB Raises 101 Million SEK (Approximately $10.6 Million) to Bolster Bitcoin Reserves
2025-06-13 06:25:13
Galaxy Digital CEO Mike Novogratz Says Bitcoin Will Replace Gold and Go to $1,000,000
2025-06-13 06:45:13
Trust Wallet Token (TWT) Price Drops 5.7% as RWA Integration Plans Ignite Excitement
2025-06-13 06:45:13
Ethereum (ETH) Is in the Second Phase of a Three-Stage Market Cycle
2025-06-13 07:25:13

Related knowledge

Sentiment indicators in contract trading: How to use the long-short ratio to make decisions?

Jun 14,2025 at 07:00am

What Are Sentiment Indicators in Contract Trading?In the realm of cryptocurrency contract trading, sentiment indicators play a crucial role in gauging market psychology. These tools help traders understand whether the market is dominated by bullish or bearish expectations. Among these indicators, the long-short ratio stands out as one of the most tellin...

Seasonal laws of futures contracts: The reference value of historical data for trading

Jun 16,2025 at 02:21am

Understanding Futures Contracts in the Cryptocurrency MarketIn the cryptocurrency market, futures contracts are derivative financial instruments that allow traders to speculate on or hedge against the future price of a digital asset. These contracts obligate the buyer to purchase an asset (or the seller to sell an asset) at a predetermined future date a...

Perpetual contract flash crash response: How to set up automatic risk control?

Jun 13,2025 at 06:28pm

Understanding Perpetual Contract Flash CrashesA flash crash in the context of perpetual contracts refers to a sudden, sharp, and often short-lived drop or spike in price due to high volatility, thin order books, or algorithmic trading activities. These events can lead to massive liquidations across long or short positions on trading platforms. Traders m...

Take-profit strategy in contract trading: Comparison between dynamic take-profit and fixed take-profit

Jun 14,2025 at 07:08am

What Is Take-profit in Contract Trading?In the realm of cryptocurrency contract trading, take-profit refers to a predefined price level at which a trader automatically closes a profitable position. This mechanism is essential for risk management and profit locking. Traders use take-profit orders to ensure they secure gains without being swayed by emotio...

Futures contract trading cold knowledge: What does the change in position volume indicate?

Jun 14,2025 at 09:22pm

Understanding Position Volume in Futures Contract TradingIn the world of futures contract trading, position volume is a key metric that often goes overlooked by novice traders. Unlike simple price or volume indicators, position volume reflects the total number of open contracts at any given time. This metric provides insights into market sentiment and c...

Analysis of perpetual contract reverse contracts: The difference between BTC/USD and USD/BTC

Jun 15,2025 at 03:49am

Understanding Perpetual Contracts in Cryptocurrency TradingIn the realm of cryptocurrency derivatives, perpetual contracts have become a cornerstone for both novice and seasoned traders. Unlike traditional futures contracts that have an expiration date, perpetual contracts can be held indefinitely. This feature allows traders to maintain positions as lo...