The Bybit Trading Starter Pack provides a comprehensive guide on how to get started with trading Derivatives on Bybit. The pack covers various topics, including creating a Bybit account, funding the account, understanding the Bybit Derivatives trading interface, adjusting leverage, closing trades and exploring Bybit’s trading tools.
Key Takeaways:
To trade on Bybit, users must create an account using either their email address or mobile number.
After setup, users can fund their accounts by depositing cryptocurrencies or purchasing crypto directly on Bybit.
Bybit offers a user-friendly interface for trading various Derivatives products, including futures, forwards, options and perpetual swaps.
Traders can choose leverage options, place trade orders, adjust leverage levels and utilize tools such as mark price and last price for assessing trades. Closing positions can be done through market orders or limit orders.
Chapter 1: How to Create a Bybit Derivatives Account
Before you can start trading Derivatives on Bybit, you first need to create an account. There are two primary ways: using your email address, or your mobile phone number.
Chapter 1a: Signing Up on PC/Desktop
Step 1: Click on the Sign Up button on the top right corner of the Bybit home page.
Step 2: Choose your preferred method of signing up: Email or Mobile. Then, input the necessary details accordingly.
Referral Code - 10204
Step 3: Click on Create Account after reading and agreeing to Bybit’s Terms of Service and Privacy Policy. A window that shows a list of restricted countries and regions will pop up. If you’re not from any of the countries listed, click on No to continue.
Step 4: Complete the reCAPTCHA verification and enter the verification code that you’ve received based on your preferred method of registration.
If you’ve selected Email, you’ll receive the code in your email inbox or spam/junk inbox. If you’ve selected Mobile, you’ll receive an SMS code on your mobile device.
Chapter 1b: Signing Up on Mobile
Step 1: Download the official Bybit App from the Apple App Store or Google Play Store. Then, launch the Bybit App and tap on Assets at the bottom right corner.
Step 2: Select the Sign Up button from the upper right corner.
Step 3: Choose your preferred method of signing up: Email or Mobile. Fill in your details, and tap on Sign Up.
Referral Code :10204
Step 2: Choose the coin that you would like to deposit.
Step 3: Select the chain type for the coin you would like to deposit. Then, make sure that the Deposits auto-channeled to the field indicated as Derivatives.
Step 4: Once you’ve confirmed the details, you can proceed to scan the QR code or copy the deposit address and use it as the destination address.