how to trade on bybit

Bybit provides spot and derivative transactions. After registering and verifying identity, you can deposit funds and select trading products. Pay attention to risk management when placing an order and set stop loss and take-profit orders.

Mar 24, 2025 at 02:45 pm

In the cryptocurrency market, Bybit, as a well-known cryptocurrency derivatives exchange, provides a wealth of trading products and powerful trading functions. The following is a detailed introduction to how to trade on Bybit.

Registration and authentication

First, visit the Bybit official website and click the "Register" button. You can choose to register using your email or mobile phone number, fill in the relevant information and set a password as prompted. After registration is completed, identity verification is required to improve account permissions and ensure transaction security. Enter the "Identity Authentication" page in your account settings, upload clear photos of your ID (such as passport, ID card, etc.) as required, and complete selfie authentication according to the prompts. Generally speaking, the authentication process will be reviewed in a short time.

Deposit funds

After logging into your Bybit account, click the "Wallet" button in the upper right corner of the page and select "Recharge". On the top-up page, you can see the recharge options for a variety of cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), etc. Select the currency you want to recharge, and the system will generate an exclusive recharge address for you. Send your corresponding cryptocurrency in another wallet or exchange to this address to complete the recharge. Please note that the recharge time of different cryptocurrencies may vary, and a certain network handling fee may be charged.

Select a trading product

Bybit mainly offers two types of trading product: spot trading and derivative trading.

Spot trading

Spot trading means buying and selling cryptocurrencies directly. After logging in to your account, hover over the "Trade" button in the navigation bar and click "Spot Trading". Select your preferred trading pairs through the drop-down menu on the left side of the page. You can also enter the trading pair name directly in the search box. Click the star icon next to the transaction pair to add common transaction pairs to the favorites bar. If the "10x" label is displayed next to the trading pair, it means that the trading pair supports spot margin trading.

Derivative Trading

Bybit's derivatives trading includes perpetual contracts, futures contracts and option contracts, providing up to 100 times of leverage. Hover over the Derivatives tab and you can choose USDT perpetual contracts, USDC contracts, USDC options and reverse contracts, etc. Click any one and you will enter the corresponding trading interface.

Order transaction

Spot trading order

On the spot trading page, select different order types such as "Market Order", "Limit Order" or "Condition Order". Taking the market order as an example, first make sure you are on the "Spot" tab page, select "Buy" or "Sell" assets, and enter the order amount or quantity. After confirming that the order details are correct, click the "Buy" or "Sell" buttons and the order will be submitted successfully. You can view unfinished or untriggered orders on the Current Order tab; view past transactions on the Order History or Transaction History tab.

Derivatives trading order

In the derivatives trading interface, you can quickly place limit or market orders through the quick trading function on the trading chart, or you can make basic and advanced order settings in the order area, and personalize each order according to the trading strategy. At the same time, a margin mode needs to be set (standard accounts can be changed at any time, and a unified trading account needs to meet the conditions before it can be changed), a position mode (one-way mode can only hold positions in one direction, and hedging mode can hold positions in two-way, which are only supported by some contracts) and a leverage multiple (selected based on your own risk tolerance).

Transaction risk management

Regardless of the transaction, risk management is crucial. When trading bybit, you can set stop loss and take profit orders to control risks and lock in profits. Allocate funds reasonably, avoid excessive leverage, and ensure that transactions are carried out within your own risk tolerance.

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