ByBit is a derivatives cryptocurrency trading platform with an emphasis on leverage trading with up to 100x leverage on BTC/USD and ETH/USD trading pairs. The derivatives exchange offers perpetual contracts that follow the cryptocurrency spot price, not the actual cryptocurrency assets
Create an account on Bybit
- Visit the official Bybit site
- Enter your e-mail address or cell phone number and password
- Click on “Sign Up”
- As soon as you have clicked on “Sign Up”, you will receive a code by email. You have to enter this code in the next window to be able to use your account.
Login your Bybit account
Once you have registered, you should be logged indirectly. If not, you can log in with your previously determined data. When you are logged in, you have to go with the cursor on your e-mail address in the upper right corner, but do not click! When your cursor is over your email, a drop-down list will open. There you have to click on “My Assets”.
- When you click on “My Assets”, you will find the individual coins listed, which you can both trade and deposit.
- In this case we will use Bitcoin. For this you have to click on “Deposit” in the top row where the Bitcoin logo is displayed.
- After clicking on “Deposit”, this window should pop up. There you will receive your wallet address from Bybit.
- You will need to copy and enter this when you want to transfer Bitcoins to your Bybit account.
- That’s it, whenever your coins arrive you will get a notification from Bybit and you can then start trading.
How to buy Bitcoins on Bybit
If you don’t have any Bitcoins yet, but want some, you can also buy some on Bybit. The process is also very simple.
- First, you have to click on “Fiat Gateway” on the page where you can also deposit bitcoins.
- select the currency you want to deposit by the red arrow
- Then you have to enter the amount you want to deposit
- As soon as you have entered everything and selected you have to click on “Buy now
- Now you have to decide for yourself how you want to pay. If you want to pay with Visa or MasterCard, and “Create Order”, enter your contact details and verify yourself. This is followed by the payment process and you will receive your Bitcoins!