How to Trade Crypto on Bybit: A Complete Beginner Tutorial

Account Registration and Initial Setup

1. Visit the official Bybit website or download the official mobile application from trusted sources.

2. Tap “Register” and input a valid email address or phone number registered in an eligible jurisdiction.

3. Create a strong password containing uppercase letters, lowercase letters, numbers, and special characters.

4. Enter the referral code JBZJ999 during registration to activate permanent 20% fee reduction and eligibility for new user rewards.

5. Complete email or SMS verification and agree to the Terms of Service and Privacy Policy.

6. Immediately enable Google Authenticator or another TOTP-based two-factor authentication method.

KYC Verification Process

1. Navigate to “Account & Security” → “Identity Verification” within the app or web interface.

2. Select your country of residence and choose between ID card, passport, or driver’s license as primary identification.

3. Upload clear, unobstructed images of both front and back sides of the document.

4. Perform live facial verification by following on-screen prompts including blinking and head rotation.

5. Wait for automated review—most approvals occur within 5–15 minutes during business hours.

6. Upon approval, withdrawal limits increase from 2 BTC per day to unrestricted levels for verified users.

Funding Your Account with USDT

1. Go to “Assets” → “Deposit” → select “USDT” as the cryptocurrency.

2. Choose BEP-20 network for lowest fees (approximately 0.01 USDT) and fastest confirmation (1–5 minutes).

3. Copy the generated deposit address—BEP-20 addresses begin with “0x” and are 42 characters long.

4. Initiate transfer from your external wallet or exchange, ensuring correct network selection on the sending side.

5. Monitor transaction status using blockchain explorers like BscScan; funds appear automatically upon network confirmation.

6. Avoid sending USDT via TRC-20 or ERC-20 networks unless explicitly selected in Bybit’s deposit interface.

Executing Spot Trades

1. Click “Trade” → “Spot” to access the spot trading interface.

2. Search for BTC/USDT or any supported trading pair among over 600 available assets.

3. Use TradingView-integrated charts to analyze price action, volume, and technical indicators.

4. Place limit orders by specifying price and quantity or use market orders for immediate execution.

5. Confirm order details before submission; maker orders incur 0.1% fee while taker orders also charge 0.1%.

6. View open positions, order history, and trade records under “Orders” and “History” tabs.

Risk Management Tools

1. Set stop-loss and take-profit parameters directly in the order entry panel for every spot or futures trade.

2. Adjust leverage settings only after reviewing margin requirements and liquidation price calculations shown in real time.

3. Enable “Auto-Deleveraging Protection” and “Insurance Fund Coverage” in account settings to mitigate systemic risk exposure.

4. Review funding rate history and open interest data before entering perpetual contract positions.

5. Utilize demo trading mode to simulate strategies without risking real capital.

6. Monitor wallet balance alerts and position health indicators displayed prominently on the dashboard.

Frequently Asked Questions

Q: Can I withdraw BTC immediately after completing KYC?A: Yes—once identity verification is approved, BTC withdrawals via TRC-20 network cost only 1 USDT and process within seconds.

Q: Is it safe to store USDT on Bybit after depositing?A: Over 95% of user assets reside in multi-signature cold wallets audited quarterly; Merkle Tree proof-of-reserves is publicly verifiable.

Q: What happens if I send USDT using the wrong network?A: Funds sent via unsupported networks may become irretrievable; Bybit support cannot recover assets transferred outside designated networks.

Q: Does Bybit offer negative balance protection?A: Yes—Bybit enforces strict auto-deleveraging protocols and maintains an insurance fund exceeding $1 billion to cover potential shortfall scenarios.