How to Start Bybit Trading in 2022: A Step-By-Step Guide for Beginners

How to Start Bybit Trading in 2022: A Step-By-Step Guide for Beginners


How to Register at Bybit

Do you see potential investment opportunities in the crypto market? Can’t wait to ride the crypto wave on Bybit? Wait, before trading, please make sure you already have a Bybit account.

Don’t have an account yet? Please follow the steps below.

How to Register a Bybit account【PC】

For traders on the web, please head over to the Bybit. You can see the registration box on the left side of the page.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
If you are on another page, such as the Home page, you can click “Sign Up” in the upper right corner to enter the registration page.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Please enter the following information:
  • Email address
  • A strong password
  • Referral code (optional)

Make sure you have understood and agreed to the terms and privacy policy, and after checking that the information entered is correct, click “Continue”.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Enter the verification code sent to your email inbox. If you have not received the verification email, kindly check your email’s spam folder.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Congratulations! You have successfully registered an account on Bybit.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

How to Register a Bybit account【APP】

For traders using Bybit’s app, you can enter the registration page by clicking "Register / Sign in to get bonus" at the home page.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Next, please select the registration method. You can sign up using your email address or mobile number.

Register by Email

Please enter the following information:
  • Email address
  • A strong password
  • Referral code (optional)

Make sure you have understood and agreed to the terms and privacy policy, and after checking that the information entered is correct, click “Continue”.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
A verification page will pop up. Please drag the slider to complete the verification requirements.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Lastly, enter the verification code sent to your email inbox.

Note:
If you have not received the verification email, kindly check your email’s spam folder.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Congratulations! You have successfully registered an account on Bybit.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

Register by Mobile Number

Please select or enter the following information:
  • Country code
  • Mobile number
  • A strong password
  • Referral code (optional)

Make sure you have understood and agree to the terms and privacy policy, and after checking that the information entered is correct, click “Continue”.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Finally, follow the instructions, drag the slider to complete the verification requirements and enter the SMS verification code sent to your mobile number.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Congratulations! You have successfully registered an account on Bybit.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

How to Install Bybit APP on Mobile Devices (iOS/Android)

For iOS devices

Step 1: Open "App Store".

Step 2: Input "Bybit" in the search box and search.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Step 3: Click on the "Get" button of the official Bybit app.

Step 4: Wait patiently for the downloading to complete.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
You can click "Open" or find the Bybit app on the home screen as soon as the installation is completed to start your journey to cryptocurrency!
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

For Android devices

Step 1: Open "Play Store".

Step 2: Input "Bybit" in the search box and search.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Step 3: Click on the "Install" button of the official Bybit app.

Step 4: Wait patiently for the downloading to complete.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
You can click "Open" or find the Bybit app on the home screen as soon as the installation is completed to start your journey to cryptocurrency!
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

How to Verify Account at Bybit

What is KYC?

KYC means “know your customer.” KYC guidelines for financial services require that professionals make an effort to verify the identity, suitability and risks involved, in order to minimize the risk to the respective account.

How to submit a request for Individual Lv. 1

You may proceed with the following steps:

1. Click “Account Security” in the upper right-hand corner of the page
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
2. Click "Verify Now" in the "Identity Verification" column under "Account Security"
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
3. Click ”Verify Now” under Lv.1 Basic Verification
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
4. Information required:
  1. Document issued by country of origin (passport/ID)
  2. Facial recognition screening
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Note:
  • Please make sure the document photo clearly shows the full name and date of birth.
  • If you are unable to upload photos successfully, please make sure that your ID photo and other information are clear, and that your ID hasnt been modified in any way.
  • Any type of file format can be uploaded.

How to submit a request for Individual Lv. 2

After verification for KYC 1 has been approved, you may proceed with the following steps:

1. Click “Account Security” in the upper right-hand corner of the page

2. Click "Verify Now" in the "Identity Verification" column under "Account Information"

3. Click ”Verify Now” under Lv.2 Residency Verification
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
4. Document required:

  • Proof of residential address

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Note:
The proof of address documents accepted by Bybit include:

  • Utility bill

  • Bank statement

  • Residential proof issued by government


Bybit does not accept the following types of documents as proof of address:

  • ID Card/driver’s license/passport issued by government

  • Mobile phone statement

  • Insurance document

  • Bank transaction slip

  • Bank or company referral letter

  • Handwritten invoice/receipt

Once the documents are verified by Bybit, you will receive an email of approval, and can then withdraw up to 100 BTC a day.


How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

How to submit a request for Business Lv.1

Please send an email to [email protected]. Be sure to include scanned copies of the following documents:

  1. Certificate of incorporation
  2. Articles, constitution or memorandum of association
  3. Register of members and register of directors
  4. Passport/ID and proof of residency of the Ultimate Beneficial Owner (UBO) owning 25% or more interest in the company (passport/ID, and proof of address within 3 months)
  5. Information of one director (passport/ID, and proof of address within 3 months), if different from the UBO
  6. Information of the account operator/trader (passport/ID, and proof of address within 3 months), if different from the UBO

Once the documents are verified by Bybit, you will receive an email of approval, and can then withdraw up to 100 BTC a day.

How to Deposit in Bybit

Looking for a guide on how to deposit funds on Bybit? We hear you! Here is a detailed operation process so that you can easily make a deposit by transferring cryptocurrency from your wallet or depositing fiat currency to your Bybit account.

How to Deposit Crypto

To transfer crypto assets to Bybit, here’s what you need to know.

Bybit Web Page

You’ll need to click on “Assets / Spot Account” at the top right-hand corner of the Bybit home page.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
You will be directed to the “Assets page” under the “Spot Account.” Then, click “Deposit” in the column of the currency you want to deposit.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Taking USDT as an example:
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
After clicking “Deposit” you will be directed to your Bybit deposit address. From there, you can either scan the QR code or copy the deposit address and use it as the destination address to which you can send the funds. Before proceeding, make sure you have selected the chain types — ERC20, TRC20, or OMNI.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

*Please do not transfer any other cryptocurrencies to the wallet address. If you do so, those assets will be lost forever.


Bybit Crypto Exchange App

To transfer your crypto from other wallets or exchanges, you’ll need to sign up or log in to your Bybit account. Then click the button located at the bottom right-hand corner of the page, and click the “Deposit” button.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Deposit USDT on Bybit App
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Choose Chain type and copy address on Bybit App
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

Note
For ETH deposit: Bybit currently only supports ETH direct transfer. Please do not transfer your ETH using Smart Contract transfer.

For EOS deposit: When transferring to the Bybit wallet, remember to fill in the correct wallet address and your UID as a “Memo”. Otherwise, the deposit will not be successful. Please note that your memo is your Unique ID (UID) on Bybit.

How to Buy Crypto with Fiat

You can also easily buy BTC, ETH and USDT with multiple fiat currencies on Bybit.

Before we deposit funds through Bybit’s Fiat Gateway, please note that Bybit does not handle fiat deposits directly. This service is wholly handled by third-party payment providers.

Let’s get started.

Please click “Buy Crypto” on the left side of the navigation bar to enter the Fiat Gateway deposit page,
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
You can set up an order and view payment details in one page, before you select a third-party service provider
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Step 1: Select the fiat currency you want to pay. Click on “USD” and the drop-down menu will appear.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Step 2: Select the cryptocurrency you would like to receive in your Bybit wallet address. Currently only BTC, ETH and USDT are supported.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Step 3: Enter the amount. You can enter the deposit amount based on fiat currency amount (e.g., $1,000)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Step 4: Select from the list of service providers.

According to the fiat currency and cryptocurrency selected by the user, the supplier that provides the corresponding service is displayed in the list. For example, when we buy BTC in USD, there are five providers: LegendTrading, Simplex, MoonPay, Banxa and Paxful. They will be ranked from top to bottom with the best exchange rate first.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Step 5: Read and agree to the disclaimer, then clicking on the “Continue” button. You will be redirected to the third-party payment provider’s official web page.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
After successfully depositing fiat currency into Bybit, you can click on “History” to view historical transaction records.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

Is it safe to deposit and store my cryptocurrencies with Bybit?

Yes, it is safe to do so. In order to maintain a high level of asset security, Bybit uses an industry-leading and multi-signature cold wallet to store 100% of our traders deposited assets. At the individual account level, all withdrawal requests will undergo a stringent procedure that carries out confirmation for withdrawals; and all requests will be manually reviewed by our team at fixed time intervals (0800, 1600 and 2400 UTC).

In addition, 100% of our traders deposit assets will be segregated from our Bybits operating budget for increased financial accountability.

For Bybit wallet 2.0 to support immediate withdrawal, only a small percentage of coins will be held in the hot wallet. As a way to protect the clients funds, the remaining will still be kept in the cold wallet. Bybit always puts our client interest first, fund safety is the basic of all and we have and always work to ensure we have the highest level of asset security.

How to Trade Crypto at Bybit

How to Trade on Spot

For traders who are using the web trading page, please head over to the Bybit homepage, and click “Spot“ on the navigation bar, then choose the trading pairs to enter the spot trading page.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
On the left side of the page, you can see all trading pairs, as well as the Last Traded Price (USDT) and 24-hour change percentage of the corresponding trading pairs. To quickly find the trading pair you desire, please directly enter the trading pair you want to view in the search box.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Tip: Click the star icon. Then you can include frequently viewed trading pairs in the “Favorites” column, allowing you to easily select trading pairs for trading.

For traders using Bybit’s app, select “Spot” at the bottom right to enter the trading page that defaults to BTC/USDT.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

Want to view other trading pairs? Please click on the trading pair in the upper left corner, and you will see a full list of trading pairs. Simply select the one you want to trade.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

Note
— Please make sure that there are sufficient funds in your Spot account. If the funds are insufficient, traders who use the web can click “Deposit” or “Transfer” in the order zone to enter the asset page for Deposit or Transfer. For more deposit information, please refer here.


The following example uses a BTC/USDT Market Order.

1. Select “Market”.

2.(a) Buy: Enter the amount of USDT paid to buy BTC.

Sell: Enter the amount of BTC to sell to buy USDT, or

(b) Use the percentage bar.

For example, if you want to buy BTC, the available balance in the Spot account has 10,000 USDT, and you choose 50% — that is, buy 5,000 USDT equivalent of BTC.

3. Click “Buy BTC” or ”Sell BTC”.

(On Desktop)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
(On Mobile App)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

After confirming that the entered information is correct, click “Buy BTC” or ”Sell BTC”.

(On Desktop)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
(On Mobile App)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners


Congratulations! Your order has been filled.

For traders on the web, please go to “Filled” to view the order details.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
For traders using the app, click “All Orders” and then select “Order History” to view order details.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

How to Trade on Derivatives

Bybit provides diversified derivative products. You can choose from a range of USDT Perpetual, Inverse Perpetual and Inverse Futures.

For traders on the web, please head over to the Bybit homepage. Click “Derivatives” in the navigation bar, and select the contract type and trading pair from the drop-down menu to enter the Derivatives trading page.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Select Trading Pair

  • Choose from a range of USDT Perpetual and Inverse Contracts.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Manage Your Assets

  • View your equity and available balance in real time. Top up your account with ease.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Place Your Order

  • Set up your order conditions: Select cross or isolated margin mode, 1x to 100x leverage, order type and more. Click on the Buy/Sell button to complete the order.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Mark Price

  • The price that triggers liquidation. Mark Price tracks the spot index price closely and may differ from Last Traded Price.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Positions and Order History

  • Check the status of your current positions, orders, and history of orders and trades.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
For traders using Bybit’s app, click on “Derivatives” in the middle bottom to enter the trading page that defaults to BTC/USD.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

Want to view other trading pairs? Please click on the trading pair in the upper left corner and you will see a full list of trading pairs. Then, simply select the one you want to trade.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

Move to the order zone and follow the steps below to start placing your order.

(On Desktop)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
(On Mobile App)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

Taking the BTC/USD limit order as an example:

1. Select Margin mode and set leverage.

(On Desktop)

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

(On Mobile App)

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

2. Select order type: Limit, Market or Conditional.

3. Enter order price.

4. (a) Enter quantity, or (b) Use the percentage bar to quickly set an order’s contract quantity with the corresponding proportion of the account’s available margin.

5. Set Buy Long with TP/SL, or Sell Short with TP/SL (optional).

6. Click “Open Long” or “Open Short”.

Next, a confirmation window will appear. After checking the order information, click “Confirm”.

(On Desktop)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
(On Mobile App)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners


Your order has been submitted successfully!

After your order is filled, you can view the order details in the position tab.

How to Trade on ByFi Center

ByFi Center provides you with Cloud Mining and Decentralized Finance (DeFi) products.

Let’s take DeFi Mining as an example.

First, click “ByFi Center” – “Defi Mining” to visit the DeFi Mining page.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Please make sure that your ByFi account has sufficient funds before you purchase a plan.

If there are not enough funds in your account:

  • You can log into your ByFi account and then click “Transfer” in the USDT column to transfer assets, as shown below.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
After that, the Transfer window will pop up. You will only need to follow these steps:

1. Choose to transfer funds from Derivatives Account to ByFi Account.

2. The default currency is USDT. Currently, only payments in USDT are supported.

3. Enter the amount you want to transfer and click “Confirm”.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
After the fund transfer operation is completed, you can return to the product page to make a purchase.

  • You can also click “Buy Now” to purchase the product directly. For example, select a product with a service duration of 5 days and an Annualized Percentage Yield of 20% to 25%.

How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
You will be brought to the product details page. Click “Buy Now”.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
If the balance in your account is insufficient, you only need to click “Transfer” to proceed with the steps to top up your ByFi account.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
After the funds are successfully transferred, return to the Product Details page and click “Buy Now” once more.

Please confirm the order information and click “Purchase”.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
The order has been successfully purchased!
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
After you click “OK”, the page will automatically redirect to the Order page for you to view the order details.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners

How to Withdraw at Bybit

How to make a withdrawal

For traders on the web, click on “Assets / Spot Account” at the top right-hand corner of the home page, and it will direct you to the Assets page under Spot Account. Then, click “Withdraw” in the column of the crypto you want to withdraw.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
For traders using Bybit’s app, please click on “Assets” located at the bottom right-hand corner of the page. Click the “Withdraw” button, then select the currency to proceed to the next step.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Bybit currently supports BTC, ETH, BIT, XRP, EOS, USDT, DOT, LTC, XLM, Doge, UNI, SUSHI, YFI, LINK, AAVE, COMP, MKR, DYDX, MANA, AXS, CHZ, ADA, ICP, KSM, BCH, XTZ, KLAY, PERP, ANKR, CRV, ZRX, AGLD, BAT, OMG,TRIBE, USDC, QNT, GRT, SRM, SOL and FIL withdrawals.

Note:

— Withdrawals will be performed directly via the Spot account.

— If you want to withdraw assets in the Derivatives account, please first transfer the assets in the Derivatives account to the spot account by clicking “Transfer”.


(On Desktop)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
(On Mobile App)
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Taking USDT as an example.

Before you can submit a withdrawal request, please make sure that you have linked your withdrawal wallet address to your Bybit account.

For traders on the web, if you have not added a withdrawal address yet, please click “Add” to set your withdrawal address.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Next, proceed according to the following steps:

1. Select “Chain Type”: ERC-20 or TRC-20

2. Click on “Wallet Address” and select the address of your receiving wallet

3. Enter the amount you want to withdraw, or click the “All” button to make a full withdrawal

4. Click “Submit”

For traders who use the app, please select “ERC -20” or “TRC-20”. Then, enter an amount or click the “All” button to withdraw all funds, before clicking “Next”. After selecting the address of the receiving wallet, click “Submit”.

If you have not linked your withdrawal wallet address, please click “Wallet Address” to create your receiving wallet address.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
It is worth noting that ERC-20 and TRC-20 have distinct withdrawal addresses. Make sure to enter the specific address when making USDT withdrawals via TRC-20.

Please be careful! Failure to select the corresponding network will result in a loss of funds.

Note:
— For the withdrawal of XRP and EOS, please remember to enter your XRP Tag or EOS Memo for the transfer. Failure to do so will cause unnecessary delays in processing your withdrawal.
On Desktop
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
On App
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
After you click on the “Submit” button, you will be directed to the withdrawal verification page.

The following two verification steps are required.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
1. Email verification code:

a. Click “Get Code” and drag the slider to complete verification.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
b. An email containing your email verification code will be sent to the registered email address of the account. Please enter the verification code you received.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
2. Google Authenticator code: Please enter the six (6)-digit Google Authenticator 2FA security code you obtained.
How to Start Bybit Trading in 2021: A Step-By-Step Guide for Beginners
Click “ Submit”. Your withdrawal request has been successfully submitted!

Note:

— If the email is not found inside your inbox, please check your email’s spam folder. The verification email will only be valid for 5 minutes.

— The withdrawal process may take up to 30 minutes.

Once the system successfully validates your 2FA code, an email containing the details of your withdrawal request will be sent out to the account’s registered email address. You will need to click on the verification link button to verify your withdrawal request. Please check your inbox for the email containing your withdrawal details.

How long does it take to withdraw my funds?

Bybit supports immediate withdrawal. The processing time depends on the blockchain and its current network traffic.Please take note that Bybit process some withdrawal requests 3 times a day at 0800, 1600 and 2400 UTC. The cutoff time for withdrawal requests will be 30 minutes before the scheduled withdrawal processing time.

For example, all requests made before 0730 UTC will be processed at 0800 UTC. Requests made after 0730 UTC will be processed at 1600 UTC.

Note:

— Once you have successfully submitted a withdrawal request, all the remaining bonuses in your account will be cleared to zero.

Frequently Asked Questions (FAQ)

Account

What is the Bybit Subaccount?

Subaccounts allow you to manage smaller standalone Bybit accounts nested under a single Main Account to achieve certain trading objectives.


What is the maximum number of Subaccounts allowed?

Each Bybit Main Account can support up to 20 Subaccounts.


Does Subaccounts have a minimum balance requirement?

No, there is no minimum balance required to keep a Subaccount active.


Verification

Why is KYC required?

KYC is necessary to improve security compliance for all traders.


Do I need to register for KYC?

If you want to withdraw more than 2 BTC a day, you’ll need to complete your KYC verification.

Please refer to the following withdrawal limits for each KYC level:
KYC Level Lv. 0
(No verification required)
Lv. 1 Lv. 2
Daily Withdrawal Limit 2 BTC 50 BTC 100 BTC
**All token withdrawal limits shall follow BTC index price equivalent value**

Note:
You may receive a KYC verification request from Bybit.


How will my personal information be used?

The information you submit is used to verify your identity. We will keep your personal information private.


How long does the KYC verification process take?

The KYC verification process takes approximately 15 minutes.

Note:
Due to the complexity of information verification, KYC verification may take up to 48 hours.


What should I do if the KYC verification process fails for more than 48 hours?

If you encounter any problems with KYC verification, kindly contact us via LiveChat support, or drop an email to [email protected].


How will the company and individual information I submit be used?

The information you submit will be used to verify the identity of the company and individual(s). We will keep company and individual documents confidential.

Deposit


Will there be any transaction fees if I purchase crypto via Bybits fiat service providers?

Most service providers charge transaction fees for crypto purchase. Please check the official website of the respective service provider for the actual fee.


Will Bybit charge any transaction fee?

No, Bybit will not charge users any transaction fee.


Why is the final price quote from the service provider different from the quote I saw on Bybit?

The prices quoted on Bybit are derived from prices provided by third-party service providers, and are for references only. It may differ from the final quote due to market movement or rounding error. Please refer to the respective service providers official website for accurate quotes.


Why is my final exchange rate different from the one I saw on the Bybit platform?

The figures stated on Bybit only serves to be indicative and are quoted based on the traders last inquiry. It does not dynamically change based on the price movement of the cryptocurrency. For the final exchange rates and figures, please refer to our third party providers’ website.


When will I receive the cryptocurrency I purchased?

The cryptocurrency is usually deposited into your Bybit account in 2 to 30 minutes after purchase. It may take longer, however, depending on blockchain network condition and service level of the respective service provider. For new users, it may take up to one day.

Withdrawal

Is there a maximum amount limit for a single instant withdrawal?

Currently, yes. Please refer to the details below.
Coins Wallet 2.01 Wallet 1.02
BTC ≥0.1
ETH ≥15
EOS ≥12,000
XRP ≥50,000
USDT Unavailable Refer to withdrawal limit3
Others Support instant withdrawal. Refer to withdrawal limit3 Support instant withdrawal. Refer to withdrawal limit3
  1. Wallet 2.0 supports immediate withdrawal.
  2. Wallet 1.0 supports processing all withdrawal requests 3 times a day at 0800,1600 and 2400 UTC.
  3. Please refer to KYC daily withdrawal limit requirements.


Is there a fee for deposit or withdrawal?

Yes. Please take note of the various withdrawal fees that will be incurred for all withdrawals from Bybit.
Coin Withdrawal Fees
AAVE 0.16
ADA 2
AGLD 6.76
ANKR 318
AXS 0.39
BAT 38
BCH 0.01
BIT 13.43
BTC 0.0005
CBX 18
CHZ 80
COMP 0.068
CRV 10
DASH 0.002
DOGE 5
DOT 0.1
DYDX 9.45
EOS 0.1
ETH 0.005
FIL 0.001
GODS 5.8
GRT 39
ICP 0.006
IMX 1
KLAY 0.01
KSM 0.21
LINK 0.512
LTC 0.001
LUNA 0.02
MANA 32
MKR 0.0095
NU 30
OMG 2.01
PERP 3.21
QNT 0.098
SAND 17
SPELL 812
SOL 0.01
SRM 3.53
SUSHI 2.3
TRIBE 44.5
UNI 1.16
USDC 25
USDT (ERC-20) 10
USDT (TRC-20) 1
WAVE 0.002
XLM 0.02
XRP 0.25
XTZ 1
YFI 0.00082
ZRX 27


Is there a minimum amount for deposit or withdrawal?

Yes. Please note the list below for our minimum withdrawal amounts.
Coin Minimum Deposit Minimum Withdrawal
BTC No minimum 0.001BTC
ETH No minimum 0.02ETH
BIT 8BIT
EOS No minimum 0.2EOS
XRP No minimum 20XRP
USDT(ERC-20) No minimum 20 USDT
USDT(TRC-20) No minimum 10 USDT
DOGE No minimum 25 DOGE
DOT No minimum 1.5 DOT
LTC No minimum 0.1 LTC
XLM No minimum 8 XLM
UNI No minimum 2.02
SUSHI No minimum 4.6
YFI 0.0016
LINK No minimum 1.12
AAVE No minimum 0.32
COMP No minimum 0.14
MKR No minimum 0.016
DYDX No minimum 15
MANA No minimum 126
AXS No minimum 0.78
CHZ No minimum 160
ADA No minimum 2
ICP No minimum 0.006
KSM 0.21
BCH No minimum 0.01
XTZ No minimum 1
KLAY No minimum 0.01
PERP No minimum 6.42
ANKR No minimum 636
CRV No minimum 20
ZRX No minimum 54
AGLD No minimum 13
BAT No minimum 76
OMG No minimum 4.02
TRIBE 86
USDC No minimum 50
QNT No minimum 0.2
GRT No minimum 78
SRM No minimum 7.06
SOL No minimum 0.21
FIL No minimum 0.1

Trading

What are the differences between spot trading and contracts trading?

Trading spot is a bit different than contracts trading, as you do actually need to own the underlying asset. Crypto spot trading requires traders to purchase a crypto, such as Bitcoin, and hold it until the value increases, or use it to buy other altcoins that they think may rise in value.

In the crypto derivatives market, investors do not own the actual crypto. Rather, they trade based on speculation of the crypto market price. Traders can choose to go long if they expect the value of the asset to rise, or they can go short if the value of the asset is expected to fall.

All transactions are done on contract, so there is no need to purchase or sell any actual assets.


What is Maker/Taker?

Traders preset the quantity and order price and place the order into the order book. The order waits in the order book to be matched, thus increasing the market depth. This is known as a maker, which provides liquidity for other traders.

A taker occurs when an order is executed instantly against an existing order in the order book, thus decreasing the market depth.


What is the Bybit spot trading fee?

Bybit charges Taker and Maker a 0.1% trading fee.


What are Market Order, Limit Order and Conditional Order?

Bybit provides three different order types — Market Order, Limit Order, and Conditional Order — to meet the various needs of traders.

Order Type

Definition

Executed Price

Quantity Specification

Market Order

Traders are able to set the order quantity, but not the order price. The order will be filled immediately at the best available price in the order book.

Filled at the best available price.

— Base currency (USDT) for Buy Order

— Quote currency for Sell Order

Limit Order

Traders are able to set both the order quantity and order price. When the last traded price reaches the set order limit price, the order will be executed.

Filled at the limit price or best available price.

— Quote currency for Buy and Sell Order



 

Conditional Order

Once the last traded price meets the preset trigger price, a conditional market and conditional taker limit order will be filled immediately, while a conditional maker limit order will be submitted to the order book once triggered to be filled pending execution.

Filled at the limit price or best available price.

— Base currency (USDT) for Market Buy Order

— Quote currency for Limit Buy Order and Market/Limit Sell Order


Why cant I enter the quantity of cryptocurrency that I wish to purchase when using Market Buy Orders?

Market Buy Orders are filled with the best available price in the order book. It’s more accurate for traders to fill in the amount of assets (USDT) they wish to use to purchase the cryptocurrency, instead of the amount of cryptocurrency to purchase.
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