how to sell crypto on bybit

Selling cryptocurrency on Bybit involves logging into your account, navigating to the Spot Account, finding the crypto asset you want to sell, clicking "Sell," entering sell details, reviewing and confirming the order, and monitoring your order status.

Nov 02, 2024 at 03:17 pm

How to Sell Crypto on Bybit

Bybit is a popular cryptocurrency exchange that allows users to buy, sell, and trade digital assets. If you're looking to sell crypto on Bybit, follow these steps:

Step 1: Log into Your Bybit Account

Visit the Bybit website and sign in to your account.

Step 2: Navigate to the "Spot Account"

Click on the "Assets" tab in the top menu bar and select "Spot Account."

Step 3: Find the Crypto You Want to Sell

Locate the crypto asset that you want to sell from the list of assets.

Step 4: Click on the "Sell" Option

Hover over the crypto asset and click on the "Sell" button.

Step 5: Enter Sell Details

In the pop-up window that appears, enter the following details:

• Sell Amount: Specify the number of crypto assets you want to sell.
• Price: Indicate the price at which you want to sell.
• Order Type: Choose whether you want to place a limit order or a market order. Limit orders allow you to set a specific price, while market orders execute at the current market price.

Step 6: Review and Confirm

Review the order details and make sure they are correct. Once you are satisfied, click on the "Sell" button to confirm the transaction.

Step 7: Monitor Your Order

You can monitor the status of your order in the "Orders" section of your Spot Account.

Additional Tips:

• Check market conditions: Before selling crypto, check the market conditions to ensure a favourable price.
• Understand fees: Bybit charges a small trading fee for selling crypto. Make sure you are aware of the fees before placing an order.
• Set a stop-loss or take-profit order: These orders can help you manage risk and secure profits.
• Store crypto securely: Once you sell your crypto, move it to a secure wallet or cold storage to protect it from theft.