anderstruonq
1 post
Dec 10, 2025
12:02 AM
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Starting your journey in cryptocurrency trading can seem daunting, but platforms like Bybit have streamlined the process, making it accessible even for absolute beginners. Bybit is known for its high liquidity, advanced trading features, and robust security.
As you become proficient and start inviting others to join this thriving platform, remember that the
Backcom Bybit
program offers lucrative opportunities for you to earn passive income from your referrals' trading fees.
Step 1: Account Setup and Security
A secure account is the bedrock of your trading career.
Registration and Verification
Sign Up: Visit the official Bybit website or download the mobile app. Sign up using your email address or mobile phone number.
Identity Verification (KYC): Complete the basic Know Your Customer (KYC) verification. This process is mandatory for increased withdrawal limits and access to many of the platform's features.
Implement Two-Factor Authentication (2FA)
This is a non-negotiable security step. Go to your security settings and link a 2FA app (like Google Authenticator) to your account. This requires a time-sensitive code for logins and withdrawals, protecting your funds even if your password is compromised.
Step 2: Funding Your Account (Deposit)
You need capital to trade. Bybit offers two main deposit methods.
Crypto-to-Crypto Deposit
If you already own crypto (like USDT, BTC, or ETH) on another exchange or wallet, you can transfer it to Bybit.
Find Deposit Address: Go to the "Assets" page and click "Deposit." Select the coin you wish to deposit (e.g., USDT).
Select Network:
This step is critical. Ensure you select the correct blockchain network (e.g., ERC20, TRC20, or Solana) on both Bybit and your external withdrawal wallet. Using the wrong network will result in permanent loss of funds.
Transfer: Copy the Bybit deposit address and use it to initiate the withdrawal from your external wallet. Wait for the transaction to confirm on the blockchain.
Purchasing Crypto with Fiat (Local Currency)
If you don't own crypto yet, you can buy it directly on Bybit:
Fiat Gateway: Use a credit card or bank transfer through Bybit's third-party service providers to buy popular cryptocurrencies like USDT or BTC.
P2P (Peer-to-Peer) Trading: Buy crypto directly from other verified users using your local currency. This often offers competitive rates and flexibility.
Read more:
Step 3: Navigating the Trading Interface
Once your funds are visible in your Bybit account, you are ready to trade. For beginners, we recommend starting with the Spot Trading market, as it involves buying and selling actual crypto without leverage.
Access Spot Market: Navigate to the "Trade" section and select "Spot Trading."
Select Trading Pair: Choose the asset you want to trade, typically paired against the USDT stablecoin (e.g., BTC/USDT). This means you will use your USDT to buy BTC.
Step 4: Executing Your First Trade
You must choose an order type to execute your trade.
Market Order (Quick Execution)
A Market Order executes instantly at the best available price on the order book.
How to Use: Select the "Market" tab, enter the amount of BTC you want to buy (or the amount of USDT you want to spend), and click "Buy BTC."
When to Use: When you need the trade filled immediately, prioritizing speed over exact price control.
Limit Order (Price Control)
A Limit Order allows you to set a specific price at which you are willing to buy or sell.
How to Use: Select the "Limit" tab. Input the desired buy price (lower than the current market price) and the amount. Click "Buy BTC."
When to Use: When you want to wait for the price to drop to a certain level before entering the market. The trade will only execute if the price reaches your specified limit.
Step 5: Risk Management Essentials
Your first trade should be guided by discipline, not emotion.
Start Small: Only use a small percentage of your total capital for your first few trades to familiarize yourself with market movements.
Set a Stop-Loss: If you are buying BTC/USDT at $X, immediately set a conditional Stop-Loss order below $X. This automatically sells your BTC if the price falls too far, limiting your losses and protecting your capital.
Avoid Leverage: Stay away from the Derivatives market (Perpetuals/Futures) and leverage until you have a solid grasp of Spot trading fundamentals and risk management.
By following this tutorial, you are now equipped to securely fund your account, choose your first trading pair, and confidently execute your first trade on Bybit.
Author: Backcom App
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