Bybit Full Tutorial — Step-by-Step Guide & Transcript

[00:02] Bybit Unichange cryptocurrency works. We'll see how to create a secure account, deposit and withdraw funds, how to make your first investments, for cryptocurrency, how to do some staking, and even how to create a

[00:18] cryptocurrency bot that works for you 24/7. You can copy my parameters, and we'll look at some other very interesting details such as its low fees and its card that gives you 2% cashback. Are you ready? Let's take a

[00:32] look because it works with both computers and mobile phones. First of all, my Bybit link in the description of this video. A page like this opens up where you have different bonuses and, most importantly, I think, a 10%

[00:47] discount on commissions with the code Ricky Ruiz. And no matter where you're from, Bybit is available. If you are from Latin America, it will take you to bybit.com. If you're from Europe like me, my link will automatically detect it and tell you,

[01:00] "Hey, we're going to take you to bbit.eu and you'll also get all the benefits of my link." I ca n't show you a step-by-step, click-by- click, guide on how to create an account because I already have one, but I'll summarize it for you. First

[01:12] you have to enter an email address, any one you want, and choose a password. Then, since Bybit is a regulated exchange, it will ask you to pass KC. That means it will ask you for a photo of your ID, to take a selfie, something you've

[01:25] create an account on any other site. Well, it's the same here, it's very easy and if you follow a step-by-step guide you won't have any problems. Once you have created your account, the first step would be to deposit money into Bybit. This is done

[01:39] with euros, a normal bank transfer . Go to the deposit button here and you have different options such as depositing cryptocurrencies if you have them elsewhere. But as I said, a first step, the easiest thing is either to buy

[01:52] cryptocurrencies directly with euros using your credit or debit card, but I don't usually recommend this because it usually has fees of around 1% both on Bybit and on any other platform, another exchange. Therefore, the best option is

[02:05] to make a bank transfer, which, depending on your bank, is immediate and does not charge any fees under any circumstances. Look how I can make a SEPA transfer because it's from Europe and I can put €100 or any amount

[02:19] you want, for example, €200. You click continue and a screen will open with the details where you have to send the transfer. It already shows me account, from an IBAN, which is this one here. It won't work for you at first,

[02:34] but it will ask, "Hey, where do you want to send it from?" Just to verify that it's your account. Furthermore, it may initially ask you to make a €1 deposit just to verify that the account is working properly, and then you can

[02:46] send any amount you want. And it gives you a summary showing how the rate is €0, they don't charge you anything at all. I'm going to deposit €200 and I'm going to receive €200. You click the continue button and the details will open here. When you are in

[03:00] your, for example, Santander, BBVA, Revolu account, wherever, you have to enter this information. You have to send it to this bank account which is LT, it's from the country of Lithuania. This is the name. And very importantly, in the concept, in the

[03:14] reference when you do it, you have to put this code here, not this specific one, which is mine, but put the one that comes up for you so that it is linked make a mistake, nothing will happen, it will be refunded, but it is important that you put

[03:28] your number. Once you've done that, great, you'll see it will arrive. I, for example, use Revolute and the money arrives in seconds, even if it's a Sunday at 8 pm, it arrives in seconds, but if you use a more

[03:41] traditional bank like Casha, Sabadei, BBVA, Santander, then it will probably take a business day or I have seen, from what some people have told me , that it can take up to 3 business days, but that would be the maximum.

[03:54] Now that you have the money in your account, I'll explain shortly where you can see it, how everything works, how to exchange it for cryptocurrencies, and all that. But just to finish the example, I'll show you now how the money would be withdrawn.

[04:06] Hover your mouse over the " active" section without clicking, and it will open like this menu. And here you see the deposit and withdrawal buttons. So, you click here on withdraw, this page will open here, and look,

[04:20] here I have the option to withdraw cryptocurrencies, which I can choose Bitcoin or USC or whatever to send to myself, to another exchange, to a friend or a withdrawing cryptocurrencies. You can also withdraw euros to your bank account.

[04:36] So, look, here on the right you have the fiat withdrawal button. Fiat comes from fiat money, which are euros, dollars, in this case, for example, they are euros. And here it tells you, "Okay, so how much do you want to withdraw?"

[04:49] Obviously, whatever you have. My balance here shows €973. For example, I can withdraw €200, choose the SEPA option to have a transfer made from my Bybit account to my Revolut Santander account, whatever.

[05:04] Here I see the account I mentioned before that I already have set up, did this in the first steps, but note that they do charge a fee of €5.66 on these €200. In fact, in the previous step

[05:19] we can see how it said that it's 0.08%, which is very good, but also a fixed fee of €550, which isn't so good, although there are other options. For example, they have the Bybit card, which is free to

[05:32] use, and they give you 2% cashback and don't charge any commission. You can use it to pay for any restaurant, supermarket, whatever. Wherever they accept a Mastercard or Visa card, it's the same. This is, in my opinion, the worst

[05:45] commission Bybit has, because for everything else it's very good. I'll talk commissions section where we'll see them all. Okay, so before we move on to making the first investments and the options we have, let me show you

[05:59] Bybit's main navigation, how it works. Look, whenever you want, you can grab the mouse and go here, I have it like this little person. You'll get another little drawing, whichever one you want, and you can click on account. If you click there, it will

[06:11] take you to this screen, which is where it was before, to see in summary where you have it. This is where you can see and change different things, such as your profile picture, see your UID code, which I'll tell you later what it's for

[06:24] to enter my Telegram channel. You can click on security to change things like your email verification, SMS authentication, or Google two-factor authentication, which is when you

[06:37] want to withdraw cryptocurrency money and it asks for an SMS code or something from Google, and you go with your mobile phone and configure everything that way. I'll explain this in another video, but everything is here. Another very interesting section that

[06:51] you'll like to see is the money. Where do you have it? If you have euros, cryptocurrencies, how much, and how it's broken down. Well, there are different ways to get there to see that. One way is to put your mouse over your account and go

[07:04] here where it says assets. If you simply click on any of them, for example, funding account, this tab will open. Or you can click here in the side menu, click on summary and here you can see different

[07:18] sections. This is how this exchange byit works, and in fact, many others work this way. where you have your funding account, which is where the money comes in and where you can withdraw money in fiat euros or also in cryptocurrencies. And

[07:33] then you have another account or section or folder called unified trading, where you can keep the money to buy and sell cryptocurrencies or do different things. And down here you can see another folder

[07:46] I have for the trading bot, where I actually have about €12,000 Bitcoin, taking advantage of the volatility I'll tell you about later in this video. And then up here you have another menu where you can buy cryptocurrencies

[08:00] or do spot trading to open the typical chart. Then I'll show you a bit about the tools section, such as the trading bot or finance tools, to do staking, earning, so you get paid money just for having your

[08:13] cryptocurrencies there. This is done in the Earm section, which is always called exchanges earm, I'll show you later. And the card section of the card am using and am starting to consider using as my

[08:27] main card currently. In fact, right now if I double-click to pay for anything, you'll see that the first card that opens is the Bybit one, because it's the one I'm using the most, because hey, they give me 2% and without any

[08:39] weird conditions or anything like that. I'll also give you a summary of that later, dedicated to the Bybit card, which I'll so this has been a summary of where the different things in Bybit are located.

[08:52] Now I'm going to show you how to make your first investments, different options, which will also help you see where everything is. For example, you've already made a bank transfer

[09:05] in euros from your bank to Bybit, right? So, where do you see this? The money in euros arrives here in the financing account, so click here or you can also find it here. I'm going to click right here. Notice that here you have two folders, crypto and

[09:19] fiat, cryptocurrencies and fiat money like euros, dollars. If you're from Spain, or from Europe like me, then you'll spend euros here. And this is where you get those €200 that you transferred, because they arrive here. In this case, I

[09:33] have €973 which you have already used to purchase different cryptocurrencies, which I will now show you how to do. Then you go to the crypto section and here you can see the ones you have. I, for example, have 0.0007 bitcoins, 0.2 Ethereums, I have

[09:48] 0.0007 bitcoins, 0.2 Ethereums, I have 257 USC and so you have a list. By the , you can click on hide zero balances so that you only see what you have, simplifying things for you. And by the way, one small detail,

[10:02] how do you want them to show you your total capital? In euros or in dollars? Because it may default to dollars, and even if you only have euros and haven't done anything yet, this number may

[10:14] change slightly, but that's because it's displayed in dollars and the euro changes. I'll quickly show you how to change this. Look, you go to the button here in your account, click on account, and this menu will open, as we have seen

[10:28] . Go here to the side menu, preferences settings, this screen will open and here, the first thing where it says currency, you can change it, for example, to USD dollars, or if you already had it in dollars and want to change it to euros,

[10:43] then type EUR here, click euros and just click you'll see that it has been changed successfully. This way you will be able to see that your assets will show your total capital, summarized in euros. Keep in mind that here it's only showing me

[10:58] what I have in my funding account, because I also have money in my unified trading account and also in Trading Bot. Just a reminder, click on summary and here you can see, like a bird's-eye view, where your money is. For example, I

[11:12] have 2,200 in funding, 500 in unified trading and 12,000 € in trading bot, which summarizes it in euros as we have shown, but you may have some Bitcoin, some USDC and it summarizes it in euros. Now, let's see

[11:28] show you different options. Starting with the easiest one, let's buy some Bitcoin. And when I say Bitcoin, this applies to any other cryptocurrency you 're interested in. And for that there are two options. First, let's go to the

[11:42] financing account because that's where you have the euros. I remember you here at Fiat. One of the options is simply to go up here on the right and click on convert. By the way, all of this also works

[11:54] on mobile phones. The buttons are in one place or another, but it also works very well. I prefer to work on the computer first, and then maybe check what I have or how it's going on my mobile phone. wherever he is. By the way, mine is in

[12:07] English, but if you want to change it to any other language like Spanish, just look at the top right where the Earth icon is , click on Spanish and everything will automatically change to

[12:19] Spanish. great trick. Here I'm going to convert from Bitcoin, I don't want to convert from from Bitcoin, I don't want to convert from fiatele to my euros, because I want to exchange euros for USDC, which is a stablecoin. If you don't

[12:34] learning it. This means that the price of this stablecoin with USDC is always worth the same as one US dollar; one US dollar is always the same and does not fluctuate. While

[12:46] price against the dollar or the euro, as it changes, one USC is always worth the same as one dollar. This makes the world of cryptocurrencies very useful for moving money more easily from one place to another, both within BBIT

[13:00] and for transferring it to another exchange, to your own wallet, or to a friend. So I'm going to give the example of changing. I write here 100 € to whatever USDC I can get, which with the current exchange rate between the euro and the dollar, is

[13:15] 116.91 and this already includes the €0.2 commissions, so I'm going to explain the commissions for a moment. How are you doing? They are the commissions for a moment. How are you doing? They are very low, at 0.1 or 0.2%.

[13:29] Whereas if you buy Bitcoin at BBVA, which you can already do through their app BBVA, which you can already do through their app , they charge you 9%. That's crazy. If you go to Revolute Trade Republic, the fees there are much

[13:42] better than at the bank, but they are still quite a bit higher, whether due to spread, which is a technical thing, but it's that is, they give you a slightly higher price when you buy. However, that won't happen to you

[13:56] at Bybit. Yes, there is a small spread, as is the case with all platforms, but it is minimal and the commissions are much lower. They're from when you exchange, look, I'm on the Bybit page, when you exchange

[14:09] fiat crypto, which is what we're doing now, from euros to crypto, from euros to USDC, fiat crypto, then they charge 0.2%. Whereas if you already have USDC or Bitcoin and you exchange it for Ethereum or anything

[14:23] else, that is, a crypto exchange called a trading fee rate, then they charge 0.1%. Okay, there's the breakdown of the fees. And that's why it works out here that I'm changing from fiat to crypto, from euros to USC, so

[14:39] they charge 0.2% which is 20 euro cents for these 100 €, so it's very good. I'll give you a quote now. Now I click confirm and that's it, conversion complete. Now you can leave here and to see what you

[14:54] have, just put your mouse over assets again, and click on assets. And we have done this in the financing account. So if I go in here I can see how now in FIA I have slightly less euros because they have been converted, I

[15:08] converted them, to cryptocurrencies and now I have more USDC. Okay, I'll give you this example first of how to convert your euros to USDC, which is a stake, because we can use it for different things. One is for staking in the

[15:22] ERM section, which I'll show you later, but another is because we can make little later in this video. But now let me show you that if you want to buy Bitcoin to own it, which is a very good option, then you have two

[15:35] options. One is right here again, at the top right, you press the convert button. The same page as before opens, but now we will select from USDC to Bitcoin. For example, I want to take 50 of my USDC and get the

[15:50] Bitcoin I can afford. The great thing here is that it charges zero fees, so you click on get a quote and you'll see here how for 50 USC I can get these bitcoins. I click confirm and that's it . This is a very good option for

[16:04] buying Bitcoin. Notice that they charged me zero commissions, but this Bitcoin is superb. But I'm going to show you another option where it's a little but it's superb and maybe it will be useful for other things. To do this, we have to

[16:19] go with the mouse, hover over " trading" and click on "spot". But wait a moment because to get here and I'll show you now, you need to have the money in the unified trading account . So I'm going to show you how to

[16:34] you'll see is instant and obviously they don't charge any fees; it's just a way of organizing it into folders, so to speak. For example, you see that I have 324 USC here. Okay, so I'm going to press the transfer button and it will

[16:49] tell me from where to where. Look, from the funding account, if I want I can choose another one, but I choose funding for the unified trading account . Which currencies do you want to transfer? Well, look, I'm going to select

[17:01] USDC. How much do you want to move? I'm going to use 100 USDC as an example. I click complete, it takes less than a second and obviously doesn't charge any fees. If I now go to the unified trading account, I

[17:15] can see that the 100 USDC will have arrived here. Here they are. All good. Now I can go and trade with the mouse , click on spot and the typical chart will open, which sounds very much like trading and might scare

[17:29] beginners away. But don't worry. Or if you want to learn, well here it is , but you don't need to look at the graph or anything like that. However, if you want to see how it evolves and everything, well, here are different tools.

[17:41] What you have to do if you want to buy at a slightly better price, as I was saying, or start learning how to do other things, like buying at market order or buying at limit order. I'll give you a brief summary now,

[17:53] but if you want to buy it right away, go to the market. Since I'm on the Bitcoin vs. USDC chart, which I'll show you later with euros, go here and say, "Hey, look, I want to exchange 50 of my USDC." I click on buy and this is what comes up

[18:07] , a summary. I click on buy and look how it was 0.00052 it says look how it was 0.00052 it says there, so it's a little bit better. If my euros directly , then put your mouse here

[18:21] where the Bitcoin symbol is and this will open. Click here if you want to make USC pairs, that is, buy different cryptocurrencies like Cardana, Solano, Doge, Solana, Ethereum with USC. Or if you want, you can click on euros to

[18:36] see the euro pairs relative to something. For example, with Bitcoin again. Bitcoin against the euro. Previously it was in relation to USDC, that is, the dollar. Now that I have it in euros, I can go back

[18:48] here to the market and if I have euros in the unified trading account, not in the a super easy transfer, then you click on the euros you want, you can do as little as €10, you click on buy and that's it, just like before. And while we're at it

[19:03] beginner, I'm going to show you how to take it a step further. Instead of placing a market order, you can place a limit order. This lets you say, "Hey, I want to buy Bitcoin, but not at the current price of

[19:20] €74,300. I want to buy when it drops to €73,000 or €70,000." You can do that. I'll enter € 70,000, you enter the amount of Bitcoin

[19:32] you want to buy, 0.007. Or if you don't know the amount, you can enter it below. Look, I want to buy as much Bitcoin as I can afford with €50. It will automatically populate the order. Now, I click the buy button. It gives me

[19:46] a summary. I click the buy button again. And notice that this doesn't mean I've already bought it; I just have an active order because, of course, Bitcoin has . I'm waiting for it to drop so I can buy it cheaper. It's just

[20:02] an example. So it's here. I can wait, and when it reaches 70,000, it will 3 AM, I'm still asleep. That's what it's for . Or if it never reaches that price or I've changed my mind, you simply click the

[20:17] cancel button. Okay, so this is a step further. And a new feature we have on Bybit is that if you hover your mouse over it—let's change the pair again to USDC—you'll see that Bitcoin appears, and this symbol is 10X. And

[20:32] cryptocurrencies, not all of them, but several. What does this mean? I'm going to select Ethereum now, just to change the example. This means we can trade with margin. It's to multiply your trades, therefore

[20:47] multiplying your profits, but also multiplying your losses. So I only recommend using this if you know what you 're doing or with very little money to learn . To trade with margin,

[21:01] hover your mouse over the top right corner, and you'll see it says... margin, so we click to select it. And here this option has appeared. If I click on the breakdown, I can see that I can do 2x, 3x, 4x, and up to a maximum of 10x.

[21:16] This window opens where I first have to answer a questionnaire so Bybit understands that you know what you're doing and will allow you to do it because leverage is considered a bit more dangerous. As I was saying, and I'll

[21:29] show you now, it's so that, for example, if you want to make a trade of 50 USDC, if you do it with 10x leverage, you 're actually trading with 500 USDC.

[21:41] Therefore, if you buy Ethereum and it goes up 2%, since it's 10x leverage, it's as if your investment has actually increased by 20% with just a 2% increase, so you earn much more money, much faster. But what happens if, on the

[21:56] contrary, the price of Ethereum falls by 2% compared to when I bought it? Well, then you've already lost a -2% losses because it's also leveraged by 10, so as you can see, it carries a bit more risk. There's also a liquidation price. If

[22:12] , for example, I buy Ethereum with $50 and the price drops by 10%, since I also have leverage of 10, it's since I also have leverage of 10, it's as if it drops 100%. 10 *

[22:25] 10. A 10% drop with 10x leverage is like a 100% drop. If it drops 100%, it means everything has dropped, so your position is liquidated, meaning you lose all the money you have invested here, $50 USDC in this case.

[22:41] this. And again, I recommend it only to people who know what they're doing. So, this has been one of the most typical and classic investments: buying cryptocurrencies, holding them, and

[22:53] selling them, which is done exactly the same way. You click the convert button, but you exchange Bitcoin for euros or Bitcoin for other currencies. to USBC. Or you go to this showed you earlier, and instead of placing a buy order, you place a sell order.

[23:08] You sell your Bitcoin or whatever; it's the same procedure, but this is just one of the most typical options. Let's look at another investment option: since I have some cryptocurrencies here, for example, Bitcoin or stablecoins like USDC or

[23:23] some others, let's see if we can get paid just for holding them . It's like a savings account in the traditional world where you get paid in the traditional world where you get paid 1 or 2% annually, sometimes with

[23:37] daily or monthly payments. Well, it's the same with cryptocurrencies, only they usually pay higher returns, although it depends on the specific cryptocurrency. Let's see. Okay, here you go to Finances, and the menu opens. Click on Earn, and it takes you to this

[23:52] screen where you can explore the products, and you can see that you have Bitcoin, Ethereum, USDC, or many other cryptocurrencies. For example, while you hold Ethereum or while you hold Bitcoin, you get paid either

[24:05] hold Bitcoin, you get paid either 0.5% or 0.8%. Annual, which is shown here as APR (Annual Percentage Rate). This is always viewed annually so we can compare it with other products and see which is more

[24:17] or less profitable, but you don't have to wait a whole year. There are you want, and there are fixed periods where you leave it for one month, three months, six months, depending on the options. If you click here, you can

[24:31] see more details. And if you click on " Subscribe Now," this screen will open where you'll see that I can leave my bitcoins for 10 days and they will my bitcoins for 10 days and they will pay me at a rate of 0.5% annually, but I

[24:44] only have to wait 10 days. So, you have to calculate: if they have to calculate: if they pay me 0.5% annually, I divide it by 365 days in a year and multiply it by 10, which is the 10 days. That's the

[24:57] a whole Bitcoin. You can deposit from 0.0001, or if you leave it for 30 days, then they pay a little more. 0.8%. These percentages aren't very high either. When we talk about Bitcoin, they're usually not

[25:11] very high. However, if we look at products, like stablecoins such as USDC, which also have no volatility, it's another way to make volatility, it's another way to make money. We go to USDC,

[25:24] click on the breakdown, and then click on "subscribe now." Here, we see the same details as before, where we see that they pay a little better, 2 or 3% annually, which isn't crazy, and depending on when you check, they might be paying more or

[25:38] less. If you wanted to do it, it's as easy as putting in, for example, 10 USDC. This is just a quick example. You click on "subscribe now," and that's it, it 's done. Now I'll have to wait 10 days; I won't be able to withdraw these 10 USDC

[25:53] until 10 days have passed, but at least I'll have been paid a little more pay you in the same cryptocurrency you deposit. If you put in Bitcoin, you They pay you with more Bitcoin. If you invest USC, they pay you with more USDC. Again, these

[26:08] return percentages aren't very high, but it's very easy to do and has no risk. Although, be aware, if, for example, you have Bitcoin, but is. But if you're waiting for the price to rise,

[26:22] meantime, they'll pay you a little more Bitcoin. Anyway, if this ERN section once a month, sometimes these percentages change, and you can get some good offers. For example, I've even seen 7% with Estecoins. But

[26:38] now let's move on to another type of investment we can make, which I actually like a lot and where I currently have most of my money here on Bybit, which, as you saw at the beginning, is trading bots. You have to go to the

[26:51] top here, to Tools, and click on Trading Bot. Here you'll see these two options: DCA, which is simply for buying Bitcoin on a recurring basis. For example, you can program it to

[27:04] buy as many bitcoins as you can afford once a month with €50. This is a way to accumulate Bitcoin for the future if you think Bitcoin will be worth more, as is my case. Another very interesting option that I really like is this grid spot. You click "

[27:18] create," and now I'll show you how it all works with the chart. Look, you Bitcoin, which is easier for beginners to understand. I'll select it, but as you can see, you can do it with other cryptocurrencies. Here, it's about setting

[27:33] a lower and upper range. For example, while Bitcoin is between $70,000 and $110,000, the bot will buy when it goes down and sell when it goes up. I prefer to see it here, and I

[27:48] copy bot parameters" on the trading page. I'm going to set a lower price, as I said, of $70,000 as an example, and $110,000 as another example. The

[28:00] grit number is how many Grids, how many orders are we going to place within this orders are we going to place within this range? I'm going to use 15 as an example and 200 USC for investment so you can start testing. That's fine. There's usually

[28:14] a minimum, which depends on the number of grids. If I wanted to use more grids, for example, 30, you'll see that I need to put money into each of these orders, which the bot will do automatically. But

[28:27] since the minimum for each trade can sometimes be $8 or something money. And I'll summarize it for you here. See? The minimum investment amount for these parameters is 260. You can do

[28:40] that, or you can lower the number of grids. For example, if I set it to 20, then it lets me use this. And look at the chart how it will automatically put these buy lines below and sell lines above. What it will do is the

[28:54] following. I'm going to zoom in a bit so you can see it bigger. When the price of Bitcoin goes down, it... It's going to buy Bitcoin, buy Bitcoin, buy Bitcoin, and if it goes up, it sells and buys and buys and sells , sells, sells, sells

[29:07] , sells, and then these lines automatically 've already seen up here, turn green, which are buy orders. And conversely, when we get to this point, the ones that are higher up, always those

[29:20] higher than the price, are sell orders. So here it would go back to buying and selling and selling and buying. What I love about this investment are three things: one, it's totally passive. I do n't have to do anything. The bot

[29:33] will automatically buy and sell 24/7 without any emotion. Second, it's taking advantage of something that's very characteristic of cryptocurrencies and Bitcoin, which is volatility. The price goes up and down like there's no

[29:48] tomorrow. For example, look, the other day I can see here—I'll zoom in—how the price of Bitcoin at 5 p.m. was the same as it was that same day at 11 a.m., but let me put it into perspective: at

[30:03] lunchtime, For example, it went up almost 4% and then dropped back down by 4%. Nothing much happened there, but if you have a bot running in the meantime, it's been selling and buying back, thus generating profits. So that's the

[30:18] second thing I like about it: it takes advantage of that volatility. And the third thing I love about this investment is that it's a conservative strategy, let's put it that way. I'm not trading with leverage here, so there's no

[30:31] liquidation risk. Like I mentioned before. So, what would be the worst- case scenario? It would be the following. Look, imagine that Bitcoin is fluctuating, reach a point where it drops to this low. What would happen in this case? The

[30:47] bot has been buying Bitcoin at these levels, and now you can either wait for it to rise again so it can sell again, or you can keep the Bitcoin you bought. You can cancel this bot and get back the Bitcoin it

[31:02] bought, and that's it. Even so, it could still be a loss. That is, if Bitcoin continues to fall and is around Here, if you wanted to withdraw your investment, you'd have to sell your Bitcoin at a price down here, which is lower than

[31:16] , right? Because you're making several purchases here. So that would be the worst-case scenario. In my case, I feel comfortable setting a wide Bitcoin range and thinking that in the worst-case scenario, I'll keep the

[31:30] Bitcoin I bought. Okay, but what parameters should I set exactly? What range should I use? How many grids is best? For this, I'll leave another video here where I talk specifically about gridbots on Bybit. And also, if you

[31:44] register with Bybit Comilink, you get a 10% discount on commissions, which is buying and selling, that's one thing. But also, if you register with my link, I give you access to my private Telegram channel where I share the bots

[31:58] I create and provide some support so we can discuss together how we're earning and strategies for these bots. It's really cool, and it's totally free. I just ask... Register on Bybit using my link, which you'll find in the description. Look,

[32:12] I'm going to show you some results from several bots I have, all between several bots I have, all between 79,000 and 107,000, but with different investments and a different number of grids. What you need to look at here isn't the

[32:26] price of Bitcoin, and it might be lower now than when you started, but it doesn't matter as long as it's within range. I know I'm getting into love talking about this, and I have a video explaining it, but just in case you're

[32:40] curious, I'll take this opportunity to explain the results. Here, if you know what you're talking about, the really important thing is to see this: the annual percentage rate (APR) of the grid return it's giving you thanks to those buys and sells, because it never

[32:54] trades at a loss. It might be waiting for a rebound to sell. So, notice how it's been 28 days and 22 hours. This month, to round it off, it's giving me a 13%

[33:08] annual return. That means if it keeps going like this, I'd get 13% annually, but there's no need to wait a year. In fact, I can click here on withdrawal and just keep withdrawing the bot's profits while I let it keep

[33:20] running. I'm going to show you another bot that's the same range, but with a higher grit number, and therefore requires a bit more investment, 300, and the APR is 12%. Notice that it's a little lower than the other one. So, a higher grit number,

[33:35] this one is 25, before it was 15. A higher grit number doesn't necessarily mean higher returns; it depends on exactly what the price of Bitcoin does, which we ca n't know for sure, neither I nor anyone else. That's why it needs to be

[33:49] conclusions, and that's what I share in my private Telegram group, which you can join for free if you register with my link. Here's another one with the same range, but a higher grit number. And notice how this one Yes, it is more profitable,

[34:02] 14%. By the way, with these bots, my goal is to achieve a monthly return with fairly conservative ranges, for example, between 79,000 and 107,000 currently, which you

[34:17] modify and change the ranges and number of grids here. Although this isn't free, I mean, constantly changing the grid some losses. So you have to know what you're doing. Creating

[34:32] a wide grid is easier than it seems. I'm just giving you all the technical details here in case you're interested. I have another one here with a $ 2,000 investment, the same parameters, and this one is giving me 17%, which is the same, they've

[34:45] all been running for the same amount of time, a month. And here I have another one that I started about 13 days ago where I've invested more, $10,000, with a slightly wider range and more grids. And this one is currently giving me almost 10% annually.

[35:01] New, because I'm sure someone's wondering, this number that says it's in the red doesn't matter because it only means that if I were to withdraw the investment now and convert it to dollars, I'd be in the red. But as long as Bitcoin is in

[35:13] the range between 70,000 and 110,000, I'm going to leave it there. Today it's in the red, the next day it's back in the green. The important thing here is what the bot does. I can actually go to the history and see that it's already

[35:26] history and see that it's already made me some, well, it says here, 169 profitable trades, that is, 169 buy and sell orders. And if I go to the history, I can see that I'm on number 226 of buy and sell orders, but that's because there are

[35:39] to close them. But notice how each time one of these buy and sell orders happens, it earns me 17 cents, and that's why it's giving me these profits. In total, profits purely from the

[35:52] grid. In this case, it's $35 after 13 days with this 13 days with this $10,000 investment. So, it's not an insane return for hardcore traders. This might seem like a small amount,

[36:05] but it's completely passive and uses very conservative parameters. I'm very happy with it; I don't lose sleep over it, I'm not checking it every day. What I do then is go to the withdrawal button, and I can withdraw this amount for

[36:18] now without affecting the bot. So, I enter 28 USDC, which I take with me, click confirm, and that's it. I have them available to use however I want, and I'm going to use them, for example, to buy something with the Bybit card I

[36:33] show you some more details later because they also give me 2% cashback, which is fantastic. But just to finish the example of these gridbots, if I wanted to cancel this bot now, I simply click cancel. And here, notice that it says,

[36:50] "Okay, you cancel the bot. Do you want to withdraw it?" "All in USDC, in Bitcoin, or Bitcoin plus USDC?" I would choose this option because that way I keep what the bot has actually bought. Since the price of Bitcoin is now a bit

[37:05] lower than when I started, which is why that number was in red, it means that if I clicked that option, I would incur a loss. But if I click this, I keep the USDC and the bitcoins that the bot bought for me. What do I do with these

[37:19] bitcoins? Do I keep them? It's just another investment. Do I wait for it to go up again, or do absolutely whatever I want? In this case, I want the bot to keep running, so I'm not going to cancel it, and that's that. Okay, so I've

[37:31] gotten these $28. Let's spend them with my Bybit card. I'm going to Card here, which, by the way, doesn't need to come from here. What I do is transfer euros from Revolute to Bybit; I have them available on my

[37:45] fact, right now I'm using it as my main card because they give me 2% cashback. You can see all the details there. Details in that section. You click on "Get my card." It's completely free. I'll

[37:58] show you how it works in my card account. This card has no cost to create, maintain, or close. And you can have either the in fact, if I double-click it, it's already in my wallet, and the first one

[38:11] that appears is the Bybit card. If I want, I can select any other card later, but by default, it shows the Bybit card because that's the one I'm using—and physical card, if you prefer, but I honestly carry my phone

[38:24] everywhere. So, to summarize, I have a specific video about the Bybit card that... I'll leave it here where it will take the money I have, both fiat currency ( euros) and cryptocurrencies, and you

[38:39] can choose this. This comes from the unified trading section, which is what I was telling you at the beginning, how much we are learning today, right? And here, if I want, I can choose how I get paid this 2% cashback; you can choose

[38:52] between these options, and I have USDC as my main one. With this USC cashback, you can invest it, for example, in a bot and make it grow with compound interest, or you can exchange it for euros, withdraw it to your

[39:05] bank, or use it to pay for more things with your card; you can do whatever you want, it's your money. I, for example, showed you some examples where the other day, well, I was here in Castell de Fels and I paid for everyone's drinks, right? That's why

[39:18] I paid 270 and told them, "Hey, give me a ' boom'." They did it instantly, and that way I boom'." They did it instantly, and that way I get 2% of this, which is about 4 or 5 euros, beers. I can say that this Bybit cashback paid for the beers, and I'm using it to pay for

[39:33] example, the last thing was parking I paid for at the Torre Blanca parking garage. If you want, you can change the limits, which I currently have super high. I can spend 5,000 euros a day, 10,000 euros a month, and 60,000 euros in total this year. I mean, I have

[39:48] n't reached that limit yet. And look, with the payments I've already made here , I've earned a 2% cashback, which is equivalent to 8.33 euros. If I click here on "see rewards," I can see more details, like what I've earned

[40:03] in euros, the cashback token, which is how I ultimately receive it—I receive it how I ultimately receive it—I receive it in my funding account. With USDC, I can see how they pay me a base 2%. It's not like it's up to 2% with some

[40:17] super weird conditions, right? With that, you can even reach 10% if you spend a lot of money and all that, but the base is 2%. And if you spend more money, for example, I've just spent 430. When you reach €500 spent,

[40:31] then they kind of raise your level, which we can see here in the comparison section to see how it all works. You start with a base level of 2%. If you spend 500, or the in euros like in my case, then it's also 2%. But if you manage to spend 3,500,

[40:48] then they raise it to 4%. A technical detail is that if you spend 3,500 one month, then the following month, everything you spend will be at 4%. That's how they have it set up. Also, the usual advice: don't

[41:05] spend just to reach this level , but simply use it. Since you already use your money to pay for any expenses. If you want, just so you know, I 'm only explaining how Pippit and its card work, so I'm really happy

[41:18] with this card, because I've tried others from other exchanges and there's always something wrong with it. Maybe you can pay with euros, but they dollars you have and charge you some percentage, so it

[41:31] overshadows the cashback and it doesn't work. But in this case, I'm delighted, I have no complaints. Finally, let's talk about Bybit's fees, which I've already went along , but you can see a summary here. Just

[41:46] search "Bybit," " fees," and this page will open, which I'll see it in detail if you want. For example, the deposit fee. If you have cryptocurrencies elsewhere, putting them into Mybit doesn't have any fees.

[42:00] You'll only pay the network fees of the blockchain itself, for example, the Bitcoin network or whatever it is. It's just cents, no matter how much you move. usually a bit more expensive, and you might pay $5, but you can use any

[42:15] other network. As for fiat deposit fees, that is, depositing euros via bank transfer, that 's great because it arrives instantly and you don't pay any commission, as we saw at the beginning of the video.

[42:29] On the other hand, if you use a credit or debit card, it's also immediate, but there's usually a 1% commission. It works the same on all exchanges . Moving on, we have fiat withdrawal fees, that is,

[42:42] transferring your euros from Bybit to your bank account. where I think they do charge a commission, which we saw was a commission, which we saw was a fixed €5 plus 0.08%.

[42:55] This percentage is very small, but the fixed €5 and change we saw at the beginning of the video, well, if you want to see the example, this is something. So, how do I avoid this? Very It's easy. Besides, I leave my investments there, and when

[43:07] investments, I have them on my Bybit card, as I showed you, both with my phone and the card itself. That way, I can pay for anything without paying any fees, as I explained. Then we have the trading fees. This is

[43:21] when you trade cryptocurrencies, Bitcoin with USDC versus Ethereum, whatever it may be. It's 0.1%, which is great. When you trade with a bank like BBVA, you can buy cryptocurrencies, for example, Bitcoin and

[43:35] Ethereum, but you pay 9%. Here at Bybit, it's only 0.1%, and it's still better than Revolute or TR Republic because, even if it's just the spread, the price difference is much better on exchanges like Bybit. And it's not mentioned

[43:50] here, but the fees aren't for crypto trading, like Bitcoin with USDC, which is a cryptocurrency, but for fiat crypto. That is , euros. If you buy

[44:02] Bitcoin directly with euros or USDC, then it's 0.2%, which we also saw at the beginning. And we've seen how Bybit works. Inside, the cryptocurrency exchange. Remember you have my Bybit link in the description of this

[44:16] video, where you get a 10% discount, among other bonuses. If you liked this video, smash that like button! And hey, leave any questions or comments you have in the comments section; I'll try to answer as many as I can.

[44:29] Thank you so much, and I'll see you in the next videos. I'll be sharing next videos. I'll be sharing different Bybit videos here.