Bybit exchange novice registration, buying and selling tutorial

To purchase Bitcoin (BTC) or Ethereum (ETH) on Bybit, you can either utilize a bank card for a direct purchase or engage in peer-to-peer trading through the provided platform.

Oct 09, 2024 at 01:00 pm

Bybit Exchange Beginner's Guide: Registration and Trading Tutorial

1. Registration

• Go to the [Bybit website](https://www.bybit.com) and click on the "Register" button.
• Enter your email address, choose a password, and agree to the Terms of Service.
• Verify your email address by clicking on the link sent to you.

2. Buying Bitcoin (BTC) and Ethereum (ETH)

Using a Bank Card:

• Go to the "Buy Crypto" page and select the desired coin (BTC or ETH).
• Enter the amount you want to buy and click "Continue."
• Select your payment method (e.g., Visa, Mastercard) and follow the on-screen instructions.

Using P2P Trading:

• Go to the "P2P Trading" page and select "Buy."
• Choose a seller and payment method.
• Check the seller's reputation and transaction history before initiating a trade.
• Follow the instructions provided by the platform.

3. Trading BTC and ETH on Bybit

• Create a Sub-Account: Create a sub-account dedicated to trading for risk management purposes.
• Fund the Trading Account: Transfer funds from your spot wallet to the trading account via the "Transfer" page.
• Place an Order: Go to the "Trading" page and choose the desired coin pair (e.g., BTC/USDT).
• Select the order type (e.g., Limit, Market) and enter the trade parameters (e.g., price, quantity).
• Click on "Place Order" to execute the trade.

4. Closing a Position

• Navigate to the "Active Orders" tab on the Trading page.
• Click on the "Close" button associated with the order you want to close.
• Alternatively, if using the Stop Loss or Take Profit feature, your position will be closed automatically once the preset price level is reached.

5. Withdrawing funds

• Navigate to the "Withdraw" page.
• Select the cryptocurrency and amount you want to withdraw.
• Enter the address of the external wallet where you want to send the funds.
• Click on "Submit" and follow the on-screen instructions.