Bybit Complete Guide for Beginners: How to Trade on Bybit from Your Phone

[00:01] has changed a lot. While it used to be essentially a three-button app where you could buy, sell, or transfer cryptocurrency, it's now a huge, multifunctional app with tons of promotions, sections, and

[00:14] events. Well, and, accordingly, you need to disassemble all these buttons, especially understanding each section, you also need to understand the most important points, namely, depositing and withdrawing cryptocurrency. Russia currently has huge problems with this

[00:27] video today. The first thing we need to do is register in the link in the description of this video. With it, you will receive the highest discounts that any influencer can offer . Click on it and you

[00:40] phone. Well, and, accordingly, on the computer it will be a little different, but in fact it is the same. Just enter your password and email here, and that's it, you're register using your phone number. Specifically, I click the

[00:53] registration button. You most likely wo n't have this. You will immediately have, a, You indicate and click the register button. Also, enter referral code 38469 if you want to receive the maximum bonuses that I have

[01:05] already announced, plus access to my closed community. You can not what we're talking about now. I'll log into my account now. After logging in, you will This shows the overall status of your assets. You don't have anything there yet, but

[01:18] we'll definitely fix that by the end of the video. Now I will tell you about the most important after registration. Moreover, if you don’t want to do this, you simply won’t precisely KYC, that is, passing verification and providing your

[01:32] documents, and, accordingly, security and its settings. This is the most important thing that can happen, because after several years in crypto, I realized that the most important thing here is not how much

[01:45] protect your accounts, you'll likely be prompted to complete because I've already completed it. But if you haven't been offered one, we'll move on to your account. Here we are greeted by our account. I already

[01:58] have a nickname here. You will be able to customize it later as well. Below we are greeted by the ID, that is, your identification number on the bybit, that is, your serial number, transfer to another account, for example, cryptocurrency. Well, and then information about

[02:11] your account. any bonuses. If you are a member of any community, is, let's say it will say there that the account was created jointly with Dentrade, yes, with receive several different bonuses. We are moving on to the settings section. And

[02:25] here is everything that concerns our account. We see the identity verification line. This is exactly what we need. I click here, go to it, and you will be offered a very simple and easy verification process, like in any delivery app,

[02:37] some kind of baiting app. Well, in general, in any applications where verification is required. Here you provide either your passport with the front side, where your photo, of course, your registration. This is necessary for the security of the exchange and for the security of

[02:49] say, if someone hacks your account and wants to withdraw money, and know. Accordingly, we go through verification, and now after verification, you have access to all the features and benefits of Birzhiway. Next, I

[03:04] do everything I have email address. If you registered via phone and vice versa, enter and be sure to get yourself a Google Tifier app. These are

[03:16] codes that change every 6 or 10 seconds . And, accordingly, always have a code that never repeats. There is a change every 6 seconds. You always enter it and with two-factor

[03:29] motivation, well, it’s not that it’s impossible, but it’s very difficult to hack any account. Be sure to google it, look it up, download it and install it. Further here there are various financial passwords, anti-phishing codes. All of this also needs to be

[03:41] set up, but that's probably more of a minus than a plus. So be sure to n't forget to write it down somewhere, because it would be both wrong and set up 500 different passwords for yourself and then can't remember them. And now we are moving on to the

[03:54] main page. I won't talk about the account here. Everything here, I think, is intuitively clear and there are some important points, with the exception of KYC security, but they simply aren’t there. On the main page, as I

[04:06] deposit button. By the way, for the first deposit more than 100 dollars. There are a you can take part in a lot of events. Also, if you make a deposit of more than my closed community. Just write to me on Telegram, go to my channel and

[04:20] immediately faced with the first problem - the Everything used to be simple. You just link your card here, like you would with any app, like Yandex delivery, and you won't have any problems.

[04:32] . But now, because there are sanctions against Russia, going on there, they have completely disabled top-ups via Visa now [music] unavailable, and you can only top up your balance using

[04:47] comes to you and transfers crypto to your account, or through P2P. P2P is a person-to-person trade where Pbiit is the guarantor of transaction security. That same as if you were buying a ruble through Sberbank from some other person

[05:01] who has rubles. But now there is a problem with this too. There are a lot of blocks, there are criminal cases, there are problems that you can face if you Some bloggers, surprisingly to me , although most likely these

[05:14] understand how things work here, still recommend replenishing funds through P2P trading. That is, you go here to the P2P section. Oh wow, these are awesome you click the buy button, and you will be helped with purchasing crypto. It

[05:28] doesn't work like that now. All you see here are semi-fraudulent orders. Previously, people simply exchanged things among themselves. This is how I would exchange with you. Well, it seems like no one has any cryptocurrency, I received rubles. But now, those who are in the order book, the so-

[05:41] called buy or sell order book, are somehow connected process various traffic. Well, that is, roughly speaking, they help make deposits or withdraw money, they help, let's say, some third-party

[05:54] organizations that are banned there in Russia or in any other countries. In general, P2P is not available to us. How can I top it up now? Well, only through all over our country. You can come, bring cash there and

[06:07] top up your quiet account. Or you can do it through me. I already do this on a regular basis for several of my subscribers, I change them, and there are no problems. That's true, naturally, don't need problems with the law. If the amount is large, we will give you a big

[06:20] you can contact us, and Or the third option is some online exchangers. Yes, you can find some exchanger, you can find it on BestChange, but I will say right away that 50%, if

[06:32] not more, of the exchangers on BestChange work with various, so is, what is prohibited in our country. choose the safest way to fund your account. And

[06:44] top up your account through your friends who are already involved in cryptocurrency. That is, if you personally know someone who owns crypto, you can think that he already has methods for withdrawing and depositing cryptocurrency into his

[06:58] never refuse you. Let's go down a little further and start discussing hottest promotions here. Right now I'm scrolling through the main page. You can will be useful for beginners. That is, you will gradually get to grips with the

[07:13] didn't like it, swipe it away, remove the app, and log in again. Again, we Below is everything that concerns the events. A little further down we have the markets and the most popular cryptocurrencies. Here

[07:26] you can browse through the sections and take a look. Top losers, top gainers, active always have this tab open in the basic cryptocurrencies, the most cryptocurrencies with the largest trading

[07:38] lower, again, the latest events. Essentially, the main page where you can see the most important events that the exchange needs to promote. It's not really a secret here. And just below are the most important

[07:50] use, well, every day, every time you log into the BYU app. The first of say I've already lied to you here. I don't come here at all . Again, these are just interesting here. I wo n't even stop here for long. Here

[08:04] again, you can browse through the various sections and see which cryptocurrencies over the past 24 hours. Basically, that's all you can do on this tab. interesting, most powerful section - the trading section, both futures and

[08:18] , there was, well, spot separately, futures separately, now it’s all traded in one section what exactly you want to do: trade spot, which means buying coins for your account and holding them for the long term, without engaging in

[08:33] leveraged speculation, or trade with leverage in the futures tab. All the screenshots , these, these, these, these, these are all the most terrible, but in fact it’s only terrible if you don’t know how to do it.

[08:46] On the right are options and trades - this is trading in traditional assets, such as forex, currency pairs, gold and everything else. I haven't told you convert one cryptocurrency to another. What is this for? When,

[09:00] for example, your order volume is less than the minimum purchase volume buy Bitcoin there for $5, and the minimum purchase amount is $10. . Naturally, a commission is charged for this. Therefore, there is

[09:15] no great sense in this, especially on centralized exchanges . We'll be using for some reason I can't get going, and buying various coins here for ourselves at spot. But here we only have a schedule, where to go to buy. Well, first of all,

[09:27] . I don't really use them either, because I always use placing your limit order to I press the right button and that's it. Here my terminal opens. This is where

[09:39] cryptocurrency, as I have said a million times on spot. There are two types of purchases: market and limit. You choose which one you want to buy. Market - this is at see here on the right. Plus or minus some value, because the price is

[09:52] constantly changing. You will buy some cryptocurrency. Let's use Bitcoin as an example, since we're newbies, and figure it out. Bitcoin is currently worth $104,239. This is the marking price, that is, the price that is updated

[10:05] more slowly than it is updated in the order book. That is, if I click on the buy at the price that will be here on the right. It will be a little less or a little more than the true price. Let's buy Bitcoin here for 10 dollars

[10:17] . I simply enter 10 USDT, click the buy button, confirm and that's it, my bitcoins are bought. Where will I keep it? In the assets section. This shows all your total assets, that is, the total amount of any money, both fiat

[10:30] in your account. PNL is also immediately displayed, which is your account profit or loss for today. And below we present several more important examine separately. Now we need to see where the Bitcoin

[10:44] account. Previously, again, the accounts were separated: there was a futures account, a was even a margin account for trading with leverage, but not futures. And now you don't need to transfer money between

[10:58] and trade. Here I enter bitcoins in the search. You don't even have to do this . You will get it right away. You see, the 10 dollars that we used to single trading account. For example, if I want to sell this

[11:10] The amount of my Bitcoin is immediately indicated here . I either turn amount of bitcoin I want to sell. I click the sell button, sell BTC I had was sold. If I want to buy bitcoins

[11:24] or sell bitcoins at a certain price, I will click the limit order button. Here I enter the price at buy Bitcoin at exactly $100,000. I enter not the number of BTC, but the volume, because . There is no point in this. Let's say I want to buy $100 worth of it, I'll click 100, and that's it,

[11:39] will automatically calculate the amount of Bitcoin for me. I'll click the buy or sell button, and our deal will be completed. Just below we have everything related to the deal. That is, in positions analyze futures. But in the spot market, we are essentially only interested in this

[11:53] history of when I bought or pinnels, various tools, history, replenishments, in general, everything that concerns your orders to buy or sell, both market and

[12:07] immediately and when you buy at the price you wanted. Everything that concerns your purchases and the history of your purchases, here on the button, the next thing we will analyze with you is futures. There's a button right here on the right. Our

[12:20] on the spat. The only thing in the merchant section. Everything is the same here , except for the leverage and the type of your margin. Guys, I've already

[12:33] futures trading. Please follow the links below in the description. It's really super simple there, like I was just taking apart every button. That's exactly how I analyze each one in detail . And in the other videos here, I'll just skim through it

[12:46] ton of material that needs to be covered. Be sure to subscribe to the channel, and You will definitely never miss it. As I said, we have two types of margin. This is isolated and cross-walrus. Here you can choose how you will

[12:59] margin where only the deposit you specify in the order section is involved in the transaction. That is, let's say, if I want to enter only with 100 dollars, I understand that if, let's say, I lose them, yes, that is, the deal

[13:12] goes into the red, only this money will be lost , I choose an isolated margin. size of your transaction. In case you want your entire deposit to be have $5,000 and I bought $100 worth of Bitcoin there in the hope that it

[13:26] would rise, it fell even more. Here my entire deposit is included in the deal, and my deal will be open until your deposit is exhausted and liquidated. your funds that are involved in the transaction, due to the fact that you can no

[13:41] that you bought Bitcoin for 100,000 dollars, and Bitcoin fell there to 10 bucks. Naturally, the exchange will not cover your do this up to a certain point. This is called the liquidation price.

[13:53] We've reached the liquidation price, your deal no longer exists. The liquidation price directly depends on the leverage. The pros and cons of futures are that you can trade with borrowed funds from Uber. So, let's say you

[14:05] have 46 free USDT on your account right now, but thanks to leverage, I can open a trade for 100 times more than gives me the opportunity to open a deal not for 46 dollars, but for 4,600 bucks.

[14:21] You can earn 100 times more and faster. And 100 times faster, and, accordingly, well, it’s just faster to lose. Why is this a plus? Well, deposit. Why is this a minus? Well, that's understandable, because your deposit

[14:34] is lost very quickly. The higher your leverage, the faster your liquidation price will approach, and, accordingly, the exchange will take your money. If you have $46 and you enter with 100% leverage, 1% price movement, even less, about

[14:46] 0.8-0.9% net price movement on the chart, completely wipes out all your volume. And if you entered with an isolated margin, or cross-margin, then imagine all your money being washed away if Bitcoin

[15:01] drops by 0.8%, and some cryptocurrencies have volatility of 100 or 200% in a day. So imagine, you can get 100% , but 99% will roll away. Therefore, , but 99% will roll away. Therefore,

[15:16] then can you climb into some high places. Everything is exactly the same here. Let's open a trade for, say, $100 as an example. What's going to happen now? When I click the buy button, $10 will be withdrawn from my account to

[15:29] open the trade, and the exchange will lend me another $90 because I'm using leverage of ten, that is, 10 times more than I'm writing here. I'll click the buy button. The minimum order value has been exceeded. I

[15:41] the minimum order value is more than $10. And so, below in the positions section, we have a deal opened. Here we can immediately see my position and the loss or profit on it in real time. Here, if I click the

[15:55] screenshot like this one, which you've seen everywhere, in all Telegram channels. If something is wrong with you , you can close the deal immediately, close with, confirm, that's it, your deal is closed. Or close upon reaching a certain price. Well,

[16:07] essentially, set a take profit or stop loss. Take profit is an order to let's say I understand that Bitcoin will grow there, say, to the level of 105,000 close myself off. I'll click the button to set take profit. Here I write 105,000. A

[16:21] losses. That is, I understand that if Bitcoin falls below the price of $103,500, I would not want to lose more money. I press, I enter this number, I press the "Confirm" button. Now I have two limit orders, that is, two

[16:35] with a profit. All. This is essentially how all futures are traded. I will click the "Close with" button and close 100% of your trade. That is, I will close the entire deal. And immediately the buy and sell indicator appears

[16:49] we've already figured out the trade tab; you already understand how to open and close a trade, just like with space and futures. Let's move on. In section NN . This is the passive income section on the PvEIT exchange. And we will get to it

[17:02] through a slightly different tab. It will be much easier for me to explain the whole point to you there already partially discussed it with you. Here, in essence, is everything that concerns replenishment, cryptocurrency. In general, it's best to store cryptocurrency in cold wallets, that is,

[17:16] your money will be stored. This is the safest method of storage. But if the amounts are small, then, in principle, they can be stored on the exchange. Also, if you need to , buy something, sell something, speculate. Well, in any case, you

[17:29] I do. There are several buttons that interest us here . In general, they are all listed discussed it. Let's press the button and discuss what's here. Click the deposit button. We immediately close P2P trading for ourselves . We don't do anything here

[17:42] because, unfortunately, in today's reality, this is fraught with criminal rubles simply won't work for you. If you go here, you will be asked for your "Sorry, please, we do not work with Russia , so do whatever you want." But

[17:57] using the "Deposit cryptocurrency" tab, we can deposit any cryptocurrency into your account . If someone wants to transfer this crypto to you, you will be required to know "Deposit cryptocurrency" button. Here I choose which crypto will be contributed. I'll

[18:10] use the example of the simplest coin on the Stapocoin USDT, that is, on the digital cryptodollar. I click the USDT button, and here I select the network in which the person will transfer to me. If someone told you: "Give me the BNB20,

[18:25] BEP20 network," then you should select this network from the list and make the transfer in exactly one network that I like. Let's use B20 as an example again, because it has the smallest commission. Your wallet address appears here. Before the

[18:38] wallet address appears, a notification appears stating that you can't make a deposit on a slightly different network. Confirm to confirm, we are conducting. And can either send a QR code to a person, and then they will transfer

[18:50] address, and that's it, they will transfer crypto to you. withdraw funds button. Well, it's all the same here as I said. Let's I said. Let's

[19:03] funds. This is an onchain and internal transfer on the Bybit exchange. I'm currently working known for a long time and whom I help with buying or selling cryptocurrency using their UID. We your number on the BIP exchange. So let's first look at the output, and then

[19:18] I'll tell you how to translate it using UID. It is a regular cryptocurrency withdrawal. As to which you will transfer. Here you enter it and the grid in which you person always tells you: "Transfer me to the shopping center or to B20." You select the amount,

[19:32] click the withdraw button and that's it. Please go through the verification process. If you have should have it, and confirmation by email. That's it, the output is complete. Overall, there's nothing more to say here. Let's also

[19:45] try withdrawal via any cryptocurrency, internal withdrawal by I press the internal transfer button. Here you can transfer cryptocurrency in three ways . This is via email, that is, enter here the email

[19:58] that is linked to the Bybit account, via mobile phone and via UID. The most convenient is by ID, there is a number of 6 dashes followed by nine digits, as if you just entered it, pressed the amount and transferred the cryptocurrency without a commission. This means that transfers between different

[20:10] accounts of different people on Bybit are not subject to commission. It's very convenient, next button is for transferring between your accounts. Yes, you can also transfer money between your accounts: between the financing account and the single

[20:23] on. We also have the option to create sub-accounts. This is an account within another account. I have five of these. I think you can do them up to fifty, but I don’t see the point, and I don’t

[20:38] need that. I choose which account I will transfer from and to. Here I select and indicate the amount, then click the "Confirm" button. It's simple. Let's continue to figure out what else we have. On the right, we have a history of withdrawals, deposits,

[20:52] occurred on your account. Click here to see which transfers took place on which account. I'll press the "Back" button. And let's go to the all the events are here. Again, I tell you that we will go over them in passing

[21:05] , since I think that you are already tired of listening to me. But if I were to well, the video would probably be about 6:00 hours long, so that I could

[21:17] needs to be shown it once, he will quickly understand everything, but someone needs to ask 500 more questions. And that's okay. Everyone perceives it differently. So now just in case you need anything. I already have a video on my channel about

[21:31] detail. Here I need to press the more button. This is where all everything. Well, there are no events that are not listed here. You and I immediately forget about the "Buy Cryptocurrency" button, or rather, the entire section, and we

[21:44] cross it out of our heads. Besides the deposit button, which we've accounts. Just below is the trade button. There are various types of algorithmic and copy trading, that is, copy trades. other traders, successful or

[22:00] unsuccessful, and go to the Trading Bot section, launch your own bot: futures, spot, DCA, and various bots. I recently released a separate video about bots, where I went through each one in detail and even launched each one, so be sure to

[22:13] there are various trade files, which we have already discussed, alphatrade. There is also a demo trading section. A very important section. If you want to switch to demo trading. I think they're giving you $150,000 here.

[22:28] I'll take a look now. Ah, $100,000. You see, I didn't even open it. And you are given can try trading different cryptocurrencies. It's a pity that you can't withdraw it, but you can try trading without risking your funds.

[22:42] And let's move on to the more section. Just below we have spot X. This is the section for passive income, risk-free and with virtually no investment. That is, you are obliged to analyze this section. This is actually the section that, when Binance left

[22:56] is, here you could really easily and simply earn money without doing anything at all and sometimes even without any deposit at all. start earning. I also have a video for each of these events

[23:09] , but I’ll tell you briefly. Pool is a staking service for new projects new project comes out, gives a certain number of tokens to the exchange, and the exchange distributes them through a pool. You can, for example, deposit M&T and receive new

[23:22] CC coins, or you can deposit these two coins, which are also indicated, uh, here on the screen, and receive new coins. You can sell the coins immediately. That's the whole point of the pool. They show crazy profits because they allocate a small

[23:34] amount of money, and you need a certain cryptocurrency to Exchange B. This means you buy the partner token BBIT, stake it, contribute it, and earn rewards for that alone.

[23:47] Latchpad, same story, slightly different mechanics. And Megadrop is exactly the same as go to the Megadrop section, there is one here that, oh, no, it's already passed, unfortunately. Well, in fact, it’s the same staking with a certain period of

[24:00] blocking your funds. That is, you deposit MNT for 30 days, again, for either 60 or 120, and receive a guaranteed return. In addition, -called points, which will be converted into tokens for new

[24:13] projects. Here it was the MMT token. And then we go down to the banking section. There are crypto loans, there is bybit earn. This is the same old staking, or dual-currency investments, or various

[24:25] advanced types of income, that is, passive income. This is also a separate video that needs to be filmed, and I have it on YouTube. You can also find and ERN section, by the way, right here at the bottom, which we did not discuss. Well,

[24:39] you can just poke around in each one, look, and read. There is also on each event in the support section. We wo n't stay here for long. A little further down there are other various events. You can also go and

[24:51] see promotions, bonuses, and the referral program. Everything in this, everything in this section. And just below are the services. Here again, there's an affiliate program, various conducts with regular users, an important announcement, and a help center.

[25:06] Well, it’s like in any application, on any website. In fact, you've now figured out everything there is to know about the Biber cryptocurrency exchange. Well, you can figure out any application that deals with cryptocurrencies. All exchanges are

[25:19] more or less similar to each other, but Bbit is the best, most convenient, currently available in the CIS. So, be sure to register using the links below, like this video, and subscribe to our channel. You

[25:31] were on the Denisovreid channel. I wish everyone profit. Bye everyone. y