Bybit is a cutting-edge cryptocurrency derivatives exchange that caters to the needs of experienced traders seeking high-leverage trading opportunities and a seamless user experience. Renowned for its exceptionally low latency and abundant liquidity, Bybit has emerged as a favored platform among discerning traders.

To begin your trading journey with Bybit, you’ll need to register an account using the link below. This simple process can be completed through the Bybit website or by downloading the app from the app store.

https://www.bybit.com/register?affiliate_id=42391&group_id=0&group_type=1

Using the Website:

1. Navigate to the Bybit homepage and locate the “Sign Up” button in the top right corner.
2. Choose your preferred registration method: email address or mobile number.
3. Enter your chosen email address or mobile number, along with a strong password.
4. Review and accept the Bybit Terms of Service and Privacy Policy.
5. Enhance your account security by enabling two-factor authentication (2FA).

Using the App:

1. Download the Bybit app from your respective app store (Google Play or Apple App Store).
2. Open the app and tap on the “Sign Up” button.
3. Select your preferred registration method: email address or mobile number.
4. Provide your chosen email address or mobile number and create a secure password.
5. Read and agree to the Bybit Terms of Service and Privacy Policy.
6. Activate 2FA to bolster your account’s security.

By following these straightforward steps, you’ll have your Bybit account up and running in no time, ready to explore the exciting world of cryptocurrency derivatives trading.

To fully utilize all products and services offered by Bybit, it’s essential to complete the Know Your Customer (KYC) verification process. This mandatory step ensures the platform adheres to regulatory standards and maintains a secure trading environment.

Initiating the KYC process requires you to provide basic personal information, including your full name, date of birth, country of residence, and current address. Additionally, you’ll need to verify your phone number and present a valid form of identification, such as a passport or driving license.

By completing KYC, you gain unrestricted access to Bybit’s comprehensive suite of trading features, enhance your account security, and contribute to maintaining a trustworthy and compliant ecosystem.

Bybit exchange platformOnce your account is established, you can delve into the diverse trading opportunities that Bybit presents. The platform boasts an extensive selection of over 100 crypto tokens and more than 300 spot trading pairs, catering to a wide range of trading preferences. Furthermore, Bybit’s cutting-edge trading engine is capable of processing up to 100,000 orders per second, guaranteeing swift and stable trading experiences. To explore the available markets, simply navigate to the ‘Market’ tab and utilize the search bar to pinpoint the desired cryptocurrency. Bybit also equips traders with sophisticated trading tools and a user-friendly mobile app for iOS and Android devices, enabling seamless trading from anywhere.

To add funds to your Bybit account, navigate to the ‘Assets’ section and select ‘Assets Overview’. From there, click on the ‘Deposit’ button. A list of supported cryptocurrencies will appear, allowing you to choose the specific cryptocurrency you wish to deposit. Please note that fiat deposits are currently not available, as Bybit primarily operates as a crypto-to-crypto exchange.

Once you’ve chosen the desired cryptocurrency, follow the on-screen instructions to complete the deposit process. The deposited funds will be reflected in your account balance shortly after the transaction is confirmed.

Bybit allows for the direct purchase of cryptocurrencies using fiat currencies, such as GBP, through the Express feature. This convenient method enables users to seamlessly convert their fiat funds into crypto without the hassle of external exchanges.

To access the Express feature, simply navigate to the ‘Buy Crypto’ tab located in the top left corner of the Bybit platform and select ‘Express’. Once you’ve chosen the ‘Express’ option, follow these steps:

1. Select the fiat currency: Choose the fiat currency you wish to use for the purchase, such as GBP.
2. Enter the desired fiat amount: Specify the amount of fiat currency you want to spend.
3. Review the conversion rate: Bybit will display the corresponding cryptocurrency amount based on the current exchange rate.
4. Choose the cryptocurrency: Select the cryptocurrency you want to receive, such as USDT, BTC, ETH, or USDC.
5. Confirm the transaction: Once you’ve verified the details, click on the ‘Confirm’ button to proceed.
6. Choose the payment method: Bybit offers a variety of payment methods for GBP payments, including credit cards, FPS, SEPA, bank transfers, Fastpayment, Google Pay, Maestro, and Samsung Pay. Select the most convenient option for you.
7. Complete the payment: Follow the instructions provided by the selected payment method to finalize the transaction.

Upon successful completion of the payment, your newly acquired cryptocurrency will be reflected in your Bybit account balance. This simple and straightforward process makes it easy for anyone to start their crypto journey with Bybit.

In addition to purchasing crypto directly on Bybit, you can also transfer your existing crypto assets from other exchanges or wallets to your Bybit account. This process involves locating the specific cryptocurrency you want to transfer and initiating a withdrawal from the source wallet or exchange.

To illustrate the process, let’s consider transferring USDT from an Ethereum wallet to your Bybit account:

1. Locate the USDT asset: Navigate to the assets tab in your Ethereum wallet and identify the USDT holding.
2. Select the deposit option: Click on the deposit option to initiate the transfer of USDT from your Ethereum wallet to Bybit.
3. Choose the correct network: Ensure you select the Ethereum (ERC20) network for this transfer, as this aligns with the network used by Bybit for USDT deposits.
4. Obtain the deposit address: Bybit will provide you with a unique deposit address specifically for receiving USDT via the Ethereum network.
5. Copy and paste the deposit address: If you’re transferring from a wallet on the same device, simply copy the deposit address provided by Bybit and paste it into the appropriate field in your Ethereum wallet to initiate the transfer.
6. Scan the QR code (optional): If you’re transferring from a wallet on a separate device, you can scan the QR code provided by Bybit using your Ethereum wallet’s scanning feature.
7. Follow the instructions for the original wallet: Complete the remaining steps as instructed by your Ethereum wallet to finalize the transfer of USDT to your Bybit account.
8. Confirm the transaction: Once the transfer is initiated, you can monitor the progress and confirm its completion in your Ethereum wallet’s transaction history.

Withdrawing Crypto from Bybit

The process of withdrawing crypto from your Bybit account to another wallet or exchange follows a similar pattern:

1. Access the withdrawal option: Navigate to the assets tab in your Bybit account and select the cryptocurrency you want to withdraw. Click on the withdraw option.
2. Enter the destination address: Provide the exact destination address of the external wallet or exchange where you want to receive the withdrawn crypto.
3. Choose the correct network: Ensure you select the network that corresponds to the network supported by the receiving wallet or exchange.
4. Specify the withdrawal amount: Enter the amount of cryptocurrency you wish to withdraw from your Bybit account.
5. Review and confirm the transaction: Carefully review the withdrawal details, including the destination address, network, and withdrawal amount. Once confirmed, proceed with the withdrawal process.
6. Complete two-factor authentication (2FA): If 2FA is enabled for your Bybit account, follow the prompts to authorize the withdrawal using your chosen 2FA method.
7. Monitor the transaction: Track the withdrawal status in your Bybit account and the receiving wallet or exchange until the transaction is fully processed and confirmed.

By following these steps, you can seamlessly transfer crypto assets between Bybit and other platforms, expanding your trading options and diversifying your crypto portfolio.

Bybit empowers you to bolster your account security by implementing Two-Factor Authentication (2FA). To activate this additional layer of protection, navigate to the top right corner of the platform and click on your profile icon. From the dropdown menu, select “Account & Security.” This will open a new page where you can choose the preferred 2FA method that suits your needs: SMS Authentication, Google Authenticator, or Email Authentication.

Leveraged Trading Opportunities: 

Bybit provides traders with the ability to amplify their potential returns by offering leverage up to 100x on perpetual contracts. Before engaging in leverage trading, ensure that your country’s regulations permit such activities.

Emulate Successful Traders: 

Bybit’s copy trading feature empowers users to replicate the trading strategies of seasoned traders, enabling them to learn from their expertise and potentially enhance their own trading outcomes.

Engaging Trading Competitions: 

Bybit regularly hosts exciting trading competitions for its users, offering attractive prizes, including cash rewards and other valuable incentives. Some notable examples of past competitions include:

• Trading Tournaments: These tournaments typically occur on a weekly or monthly basis, rewarding top traders based on their profit percentage, measured in cash prizes.
• Demo Trading Competitions: Open to users without live accounts, these competitions provide a simulated trading environment where participants compete for cash prizes based on their performance.
• Social Media Campaigns: Bybit actively engages users through social media campaigns, offering opportunities to participate and win exciting prizes.
• Referral Program: Bybit’s referral program allows users to earn a commission for each new trader they refer to the platform. Additionally, Bybit runs campaigns where users can earn rewards by completing specific tasks, such as making deposits or achieving certain trading volumes.

For the latest information on current and upcoming competitions, along with their specific rules and requirements, please visit the Bybit website or follow their social media channels.

Round-the-Clock Customer Support: 

Bybit prioritizes user satisfaction by offering 24/7 customer support through live chat and email, ensuring that users can receive assistance whenever needed.