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How to buy and sell Cryptocurrencies with ByBit

Welcome to this post, where we are going to see how you can buy and sell cryptocurrencies in ByBit in the best possible way, and without errors.

The first thing we will need is to have funds in our ByBit account. If you don’t know how to do it, in this page you can find a tutorial on how to deposit funds in ByBit.

Once you have your funds, you will see them in the main account. ByBit works with different accounts, where you have your funds like many other exchanges. The first step to be able to use our funds to buy or sell cryptocurrencies, is to have them in the spot account.

To do this, click on the desktop version of the menu on the left side of the screen. We will go to assets and spot account. If you have the funds there, you can use them to buy and sell. 

If not, and you have them elsewhere, you can click on transfer and move them instantly from another account to your spot account. 

ByBit Tutorial

To do this, it is as simple as clicking on the spot account, go to the cryptocurrency you want to move, in my case I am going to do it with usdt, and click on transfer. Indicate from the account where you have your cryptocurrencies to the spot or trade account and the amount you want to move, and click on confirm.

Now, you will have your cryptocurrencies in the spot account to start trading and be able to use them. You can check this by going to the trade account.

Now, we must go to trade, and select USDT if it is the cryptocurrency you have to buy. Usually it will open the bitcoin usdt pair, but to change it and trade the cryptocurrency you want, click above, and look for the pair you want to use.

The important thing is to see the different options that are available, such as limited, market, stop limited or market stop. If you want to buy or sell immediately at the market price, the best option is to indicate market. We continue to buy, we indicate the amount in usdt that we want to use to buy that cryptocurrency, if you want to use all, you can simply click below 100%. With all this, click on buy and you will have the cryptocurrency in your account. The minimum is $10 to make a trade, for less you will not be able to buy or sell.

You can return to your trading account to check that the order has been executed and you already have the cryptocurrency. To move it to another Exchange or to your wallet, you will first have to transfer it to your main account from the trading account as we have done above, but in reverse.

If, on the other hand, you want to sell it. Go back to the panel we have seen before, and once there, we indicate the amount we want to sell and click on sell. Now you will have USDT back in your trading account.

Another option if you want to directly trade a cryptocurrency, is to search for it in your trading account, and click on trade so that it takes you directly to the pair of that cryptocurrency with USDT or other pairs that it has, and you do not have to search for it once in the spot market.

If you want to know how you can withdraw funds after selling them, you can also find a video on my channel.

I hope it has helped you to be able to buy and sell in ByBit without problems, If you don’t have an account in ByBit, you will be able to create your account just below.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

Deposit money on ByBit
Withdraw money on ByBit
Staking in ByBit
Futures in ByBit

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