How to Trade Crypto and Withdraw from Bybit
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.
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.
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.
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.
— 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 Mobile App)
After confirming that the entered information is correct, click “Buy BTC” or ”Sell BTC”.
||(On Mobile App)
Congratulations! Your order has been filled.
For traders on the web, please go to “Filled” to view the order details.
For traders using the app, click “All Orders” and then select “Order History” to view order details.
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.
Select Trading Pair
- Choose from a range of USDT Perpetual and Inverse Contracts.
Manage Your Assets
- View your equity and available balance in real time. Top up your account with ease.
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.
- The price that triggers liquidation. Mark Price tracks the spot index price closely and may differ from Last Traded Price.
Positions and Order History
- Check the status of your current positions, orders, and history of orders and trades.
For traders using Bybit’s app, click on “Derivatives” in the middle bottom to enter the trading page that defaults to BTC/USD.
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.
Move to the order zone and follow the steps below to start placing your order.
||(On Mobile App)
Taking the BTC/USD limit order as an example:
1. Select Margin mode and set leverage.
(On Mobile App)
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 Mobile App)
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.
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.
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”.
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%.
You will be brought to the product details page. Click “Buy Now”.
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.
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”.
The order has been successfully purchased!
After you click “OK”, the page will automatically redirect to the Order page for you to view the order details.
Frequently Asked Questions (FAQ)
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.
Bybit charges Taker and Maker a 0.1% trading fee.
What is the Bybit spot trading fee?
Bybit provides three different order types — Market Order, Limit Order, and Conditional Order — to meet the various needs of traders.
What are Market Order, Limit Order and Conditional Order?
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.
Why cant I enter the quantity of cryptocurrency that I wish to purchase when using Market Buy Orders?
How to Withdraw from Bybit
How to make a withdrawalFor 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.
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.
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.
— 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 Mobile App)
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.
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.
Please be careful! Failure to select the corresponding network will result in a loss of funds.
— 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.
The following two verification steps are required.
1. Email verification code:
a. Click “Get Code” and drag the slider to complete verification.
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.
2. Google Authenticator code: Please enter the six (6)-digit Google Authenticator 2FA security code you obtained.
Click “ Submit”. Your withdrawal request has been successfully submitted!
— 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.
— Once you have successfully submitted a withdrawal request, all the remaining bonuses in your account will be cleared to zero.
Currently, yes. Please refer to the details below.
Is there a maximum amount limit for a single instant withdrawal?
|Coins||Wallet 2.01||Wallet 1.02|
|USDT||Unavailable||Refer to withdrawal limit3|
|Others||Support instant withdrawal. Refer to withdrawal limit3||Support instant withdrawal. Refer to withdrawal limit3|
- Wallet 2.0 supports immediate withdrawal.
- Wallet 1.0 supports processing all withdrawal requests 3 times a day at 0800,1600 and 2400 UTC.
- Please refer to KYC daily withdrawal limit requirements.
Yes. Please take note of the various withdrawal fees that will be incurred for all withdrawals from Bybit.
Is there a fee for deposit or withdrawal?
Yes. Please note the list below for our minimum withdrawal amounts.
Is there a minimum amount for deposit or withdrawal?
|Coin||Minimum Deposit||Minimum Withdrawal|
|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|