ByBit Trading Tutorial — Step-by-Step Guide & Transcript

[00:02] to consciously trade cryptocurrency. We'll look at all the functions of the exchange and learn how to short Bitcoin and other cryptocurrencies with a key. video will be the most detailed

[00:15] overview of all the possibilities that Beybit offers. I'll talk so that even the most novice will understand, but the video won't be boring for experienced traders who are switching to other, less interesting exchanges. We'll

[00:27] talk through everything you need to know. If you're scared by words like stop loss, limit orders, shorts, and derivatives, just listen to me. For the next half hour after this video, you'll understand any trader's speech and start trading

[00:40] independently. And so you can confidently start, I'll show you how you can get up to $3,000 on your deposit. Exclusively for everyone you need to do is scroll down to this video and click this link,

[00:54] but you won't have to watch any other reviews. If you watch this video to the end, now let's I'll show you how you can profitably and responsibly use Bombit [music]

[01:10] Nikita, let's get straight to the point. First, I'll tell you why I trade on Bombit. I want you to understand that this is n't an advertising video. It's truly the most interesting exchange I've personally used. The main thing today is that it's the

[01:23] only exchange that sometimes gives you enough for trading here. If you seem strange to you, but all the other traders know about it. The bit rate for market makers is set to 0 or negative commission. I'll explain how

[01:37] it works later. Now, I'll tell you about the exchange itself. If you open the Coin Market enthusiasts, you'll see that the exchange is in third place in terms of liquidity. The word " liquid" means that a lot of money is circulating inside the exchange, and people confidently

[01:50] trade very large sums there. On an exchange with high liquidity, we can save a lot on spreads between the type and the OSK. If you don't know what it is, don't worry, I'll tell you everything in practice. Why it's in the top in

[02:03] popularity is its uniqueness. The trick is that it was created specifically for trading cryptocurrencies. The founder of Benz is a trader who decided to switch from the Forex market to crypto in 2018. He saw how many people were now turning to

[02:17] crypto to profit from this. It was terribly inconvenient because no exchange was designed for professional trading. Benz saw this and wanted to create a service for trader information. He made even very advanced

[02:29] trading functions very simple for beginners. Most of the convenient "buy with" features are not available on other exchanges, so Baby is becoming several hundred percent more popular per year. This is because last year, for example, there were one and a half

[02:43] million users, and now there are already 5 million. The second reason why I restrict Russian citizens; they prohibit depositing large amounts of money or even block them altogether. I believe this has never happened with Baby. The third advantage of the exchange is

[02:57] security: no one can hack and take your coins because they are stored in cold wallets with multi- signature. You can later look up what this means online, but it is a reliable guarantee of the protection of your funds. Fourth,

[03:09] Probably the most important thing is stability of work. Believe me, reliability of trading is very important. I had a very strange situation when I was trading on another Benz exchange and faced a shutdown of trading due to overloads. I had a

[03:23] long position on NIR with tenth leverage, and when the exchange froze after 25 minutes, I only had a loss on the position. I contacted technical support. they will come out with excellent technical support. I have never had

[03:38] any overloads here because this exchange can process 100,000 transactions per second. There cannot be any freezing here, and I am always confident that I can open and close a position at any time. Let's practice. The

[04:00] down the page, click on this button. It's very easy, and then I will understand that this video is your disease. The second step is let's take your bonus of three thousand six hundred and twenty dollars. Scroll down under the pinned comment and click on this

[04:13] reward depends on the amount of the deposit replenishment. This page will open, registration button, enter your email, create a strong password, and then proceed. This window may pop up for countries with

[04:29] limited capabilities. Click it. Your country's capabilities are not limited on this exchange. Now you need to confirm your registration by email. Open the email you specified earlier, and there will already be a letter from

[04:41] Bombit. Copy the six digits and paste them here. Everything is ready. Note that during registration, no one asked for your passport, photos, or anything else. Almost every other exchange will immediately ask who

[04:53] you are, that is, they will ask for your username and password. Here, you just spent a few seconds in your email, and you can now safely get started and start trading. If you don't have cryptocurrency yet, you can safely buy it

[05:07] right here. In a minute, I'll show you how to do this, but you'll need to go through one more step. Verification qualification is necessary to protect your money. You can do this after watching my video. If you

[05:19] suddenly like the exchange, well, I, in turn, consciously chose Baby for trading. You probably already want to know what's with the bonus. Link To register with a $3,620 bonus, it will stay

[05:35] here forever. I will also regularly update the description of this video. Write additional promo codes for Babbit here. Promotions are regularly held, I will share them with you. If you now see a promo code in the description, then

[05:48] open Babbit, click on the promo, then the bonus center, scroll down a little, find the field with a promo code. These promo codes may be located under the video, even if there are no promo codes, don't be upset or upset. Babbit

[06:04] prepares tasks for you in the bonus center anyway. You can complete them and get bonuses. Now let me show you how to buy the currency that you will trade. It's very simple. If you already have cryptocurrency, you

[06:16] can click on the time code on YouTube and give this part a promo, and for the rest, YouTube and give this part a promo, and for the rest, just click "buy cryptocurrency."

[06:30] bank card. When I record this video, both Russian Visa and Mastercard are blocked, so you and I can make a purchase through a Qiwi wallet. Qiwi is a reliable service that is also undetectable. Tax authorities, so you can

[06:44] create a wallet and simply buy crypto from there. If you suddenly don't want to create a QIWI account, there is another solution. It's more interesting and more profitable. This is peer-to-peer trading. When you buy crypto safely directly from another user, they use it.

[06:58] Or, let's say you want to buy crypto dollars, which are called from children. I want to sell my from children. How can we meet so that no one scams anyone on Babbitt? Where will the exchange fairly monitor transactions? Let's buy from children for

[07:12] about 10,000 rubles. Click here, enter the desired amount in the field. In the payment methods field, click your bank and click search. The exchange starts looking for a cryptocurrency seller for you. A list of those willing to conduct a transaction with you appears.

[07:29] Now we look for the cheapest offers. They are usually always at the top. The lower the price, the cheaper you buy crypto dollars. These are essentially the most ordinary dollars, simply implemented on the blockchain. Look at this column. Each

[07:43] only sell you up to a certain amount. Be sure to look here. This shows how much the seller has successfully completed. Accordingly, choose a reliable seller and click the buy button. You will see Seller's details,

[07:56] where you need to transfer money, open your bank's app and confidently transfer, then be sure to click "Payment completed" and "Confirm." Now the seller on the other side will have to click a button that they allegedly received

[08:10] your money, and it will be transferred to your wallet and everywhere from their account. You may doubt what if they don't confirm that they received your money, you will simply lose the bitcoin set. This is impossible because the seller's money is

[08:23] already frozen in the bitcoin accounts. You can contact technical support and provide proof of the transaction, and the money will be transferred to you, and the scammer will accordingly be kicked out. Besides, you yourself specifically chose a

[08:35] seller with a high percentage of successfully completed transactions, so I think there is no point in worrying about this. Crypto dollars or networks have appeared in our account, and now we can do whatever we want with them. Let's invest

[08:47] in cryptocurrencies [music]. trading cryptocurrencies like this: bought Bitcoin cheap, waited for it to grow,

[09:00] then sold it at a higher price. Yes, you can do that. This is called spot trading. Spot trading is done by long-term investors for sports. You need to click the "Trade" button on the exchange. The trading panel opened, it

[09:13] looks complicated, but in fact, everything is very simple. Click here and select the cryptocurrency you want to buy. We will keep Bitcoin. In this field, you see the Bitcoin price chart. By default, you are shown a chart in

[09:27] Japanese candlesticks, but if you are a beginner, you do not need them. Here you can switch to the area called the order book or order book. Here you see the transactions that are being executed right now. Each line is another

[09:41] user buying or selling. Your positions appear at the bottom when we open them. For now, it is empty here. On the right, we see a menu where buying or selling is carried out. Choose the buy or sell mode. At the bottom, you can see the size of your

[09:57] deposit. Well, now let's buy Bitcoin. We can buy Bitcoin in two ways: a market order and a limit order. We will talk about this third button further; it is very interesting. Cool. Be sure to wait until we get to

[10:10] it. But for now, let's analyze the basics of limit and market purchases.

[10:22] elementary here. You simply buy or sell an asset at the current rate. Your available balance is written here. The order value is how many dollars you want to spend. Entering it manually is often inconvenient, so I recommend

[10:35] using this slider. It means what part of your deposit you want to buy with. We unscrew this and buy the overhang deposit, set 10 percent and buy with one-tenth of your wallet. And where is the price at which you

[10:49] where is the price at which you buy written, this is the price you will recoup specifically this line. I remind you that this field is called the order book. This is all the offers to buy and sell from users who are currently

[11:02] on the exchange. Everything here is the current market at this current market at this second. Red means someone wants to sell this many bitcoins at this price. Green means someone wants to buy bitcoin at this

[11:16] price. And in the middle is the price itself. Right now, look at this difference between the Bitcoin rate on the chart and the offers from sellers and buyers. This difference is called the spread between the troubles we have with Osko and on the exchange,

[11:30] it is always minimal. You see, the spread fluctuates close to zero, which means we can buy right now at the market rate. Now we will click buy and we will buy the bottom line in The order book shows the price and quantity of bitcoins being

[11:45] shows the price and quantity of bitcoins being sold. If you buy more bitcoins than you currently have, you'll automatically buy the next one at a higher price, and maybe even the next one at an even higher price, and the bitcoin rate will

[11:58] change accordingly. For example, if you buy one bitcoin, then buy the entire order book at the top, and the purchase price won't be the green one, but will constantly increase, and the price will rise. We're all talking about a market

[12:12] order. With it, you can buy bitcoin yourself. It's called bitcoin yourself. It's called being a mark tracker.

[12:27] simplest basic spot trading. In fact, you do n't need to know anything else. The exchange automatically pays a commission for the transaction. The bitcoin will fall into your deposit, but we still have a lot to learn. Because when you

[12:39] use a market order, you pay the exchange a commission for the transaction. Remember, I said that there is a way for the exchange to pay you. I

[12:54] you instantly buy from this order book. Did you ever wonder how to end up in this order book? That's why there 's a second button, the limit button. A limit order is exactly the same as a buy or sell transaction.

[13:07] You'll also receive your bitcoin from your children. The only difference here is that it won't happen right away. When it's your turn, let me spend the money and show you how it works. Click on the limit order and

[13:22] see that the window has changed slightly. Now there's a field for the order price. That is, I want to buy bitcoin at this price. You can also simply click on a price directly in the order book. Then we specify how many bitcoins we want to

[13:36] buy. This can be a very inconvenient number. So, we can use the slider again. I'll set 17 percent and click the buy button. Look, nothing happened. I didn't get any crypto, but instead, an order appeared below. Your

[13:51] order won't be executed until someone skimps on the market. Everything above skimps on the market. Everything above us needs to empty the order book. Your order is now marked with a green dot. It's jumping around in the order book

[14:04] and waiting for someone to make a large enough market order. And now it's clicked. We received a notification. The order disappeared from the list below about Bitcoin disappeared from the list below about Bitcoin credited to our account, and

[14:26] create limit orders directly in the order book. Market makers, and the game parquet from this order book buys using market orders. We talked at the beginning of this video about the importance of liquidity for the exchange. Liquidity is the volume of this order

[14:39] book, so those who place limit orders in the order book create the market and give offers to everyone else. Abby Toad Bit is willing to pay for this. When you trade limit orders, you don't pay a commission for the transaction. The exchange pays

[14:52] you a commission, that is, for market makers, the commission set is negative. Well, that is, when trading limit orders, you are credited with a small bonus. If you step on liquidity and order book with market orders, you already become a market tracker and

[15:06] must pay a commission yourself. The commissions are quite low, but this is true for almost any exchange. They are all about the same. You ask, why should market orders at all if this incurs additional costs? You will understand the answer

[15:22] Trading limit orders on your own is much more difficult. You need to see where the rate is going and predict it. If you didn't guess where the rate is going and made a limit order at the top and the rate went down, then your trade may not be

[15:37] completed at all and you will simply miss the moment and lose money. That's why market orders. This is completely normal. I myself mainly trade on the market and pay a commission, but if you succeed in trading or copper

[15:51] orders, you can save money. When I recommend this to you, I'm actually making it worse for myself because if you register on the exchange using this link that I left in the description, I will receive a percentage of your

[16:06] commissions. If you use limit orders, the exchange will pay you a commission, and my bonus will be 0 percent. I want everything to be fair. You know everything as it is. It's better to be a market maker. But when you personally

[16:19] trade, of course, you'll get tired of catching a deal and perhaps it will be easier for you, like most people, to trade on the market [music].

[16:33] Bitcoin does this with a commission or bonus, but in this menu, your only way to earn when you bought Bitcoin cheap and sold it expensive. If you understood everything, then the video turned out to be useful and you can pass it on or share it with

[16:47] someone you know who might also be interested. Click here, share this video, it will be a good thank you. For me, in general, spot trading is reliable and effective because for long-term investors who

[17:02] believe in mouth scripts, this is a relevant tool. Well, what if Bitcoin is invigorating and or you want to insure your transaction so as not to lose extra money, or you want to trade with $100 as if you had

[17:15] $1,000 in hand. Biden gives you many tools to earn really large sums even when the rate falls. This is all called financial instruments or derivatives. This is the real basis of

[17:28] professional exchange trading. If you want to actively trade safely on the exchange, then we go to the derivatives tab

[17:40] click derivatives and see an inverted perpetual A contract or perpetual contracts for children are the main functions. The rest of this list can be ignored. What do these two options mean? A perpetual contract sounds very complicated. In fact, it's

[17:55] very, very easy. In this place, the exchange asks you what your main currency is. Will you trade in dollars or bitcoins? If you click perpetual, wait. This means the following: I have crypto dollars in my account and I will

[18:08] Accordingly, as we discussed earlier, crypto dollars are ordinary dollars and their price does not fluctuate. They are stable tomorrow and the day after tomorrow. They will have one price. The price of a dollar while you are trading is not a seamstress and does not rise in price as

[18:23] if it were gold bars. There are, of course, exceptions because this is a stay-at-home order and it has certain risks. But that's a completely different story, which we will discuss in other videos.

[18:40] click on the opposite button, an inverse perpetual contract means the following: I have bitcoin or another cryptocurrency in my pocket and I will By trading Bitcoin, you earn not only from trading itself. Bitcoin is in

[18:55] your wallet and will lose value or tremble on its own. The money in your pocket changes its price on its own. You see, if we believe that Bitcoin is growing, this is called being bullish. We can simultaneously trade and at the same

[19:09] time watch how our coins are further increasing in value in our pocket. But if we see that Bitcoin is getting cheaper and cheaper every day, then we will trade in and from children's stable currency. At the moment, when I am recording this

[19:21] video, Bitcoin is going down. This means that I do not want to trade Bitcoins so that my money loses value. I want to trade in dollars so that my money does not depreciate. I’d rather save up more dollars to buy Bitcoins

[19:35] Therefore, we choose a perpetual contract from children's, which means dollars as collateral for this transaction. After this information, let's take a little rest. I will remind you that I am not recording this video on the order of the exchange, but On your own initiative,

[19:49] what's the point? When you register using the link, you receive a bonus. I receive a bonus, and I'm happy to receive a bonus specifically on the Babbitt exchange because I use it myself. I trade on Babbitt constantly and publicly. Let's take a break, and let's get back to analyzing the

[20:04] exchange. Let's start trading now. I'll show you how to trade using a perpetual contract. You can use it as collateral. And when Bitcoin starts to grow, that is, when it's in a pronounced bullish phase, can you? those repeat all the same

[20:16] actions trading not for dollars but for cryptocurrencies using inverse on a cryptocurrencies using inverse on a perpetual contract first of all, pay attention when we switched to derivatives we have 0 money in the

[20:32] account we need to go to assets then spot account and transfer money to the derivative account that is, take and go and transfer to the derivative account so here we see the trading panel again we see that the purchase menu has become

[20:45] much more complicated but this is good because there are a lot of powerful functions here first of all we are now trading not bitcoin itself but contracts on bitcoin I do n’t want to complicate your life with long explanations so I’ll just give the gist in

[21:00] short the buy and sell buttons have been replaced by open in break open short when you click on long you are betting that bitcoin will grow if bitcoin really does grow then you will make a

[21:12] profit to fix it you will need to close the contract in this tab everything will be absolutely the opposite if you click on short that is you bet on the fact that Bitcoin will fall and the lower it falls, the more

[21:26] profit you get. One percent of the fall in Bitcoin is equal to one percent of your profit. A unique feature of Babbitt is that you can create both long and short positions at the same time, so you can hedge your position,

[21:38] that is, protect yourself from losses. In general, everything here is as simple and clear as possible and is essentially no different from spot trading except that you don’t have Bitcoins in your pocket but contracts, but this is of no importance to you.

[21:50] There is only one problem: earning money is very slow. That is, if you want to earn 100% more on your deposit, you need Bitcoin to grow by 100%. It’s incredible to catch such a wave. It’s a huge success. I want to

[22:04] be able to move faster, and for this reason, leverage was invented. Let’s open the leverage menu here. This is a term from physics. In fact, it is correctly translated from English as leverage. Leverage means that you invest one dollar on the exchange.

[22:18] Accordingly, pretend that this is 10 and 1 percent of the change in the price of Bitcoin is 10 percent of profit for you, and it can even be hundreds. That is, the price will change by 1 percent, and you will make 100 percent profit, that is, double your money.

[22:31] What kind of exchange would give you such opportunities? Firstly, the commission is multiplied by the leverage, so when you move to 10x leverage, you will pay 10 times the commission for a market order, and with limit leverage, you will receive

[22:45] 10 times the commission for the exchange. This is still profitable. Secondly, the exchange does not risk anything because when you set leverage, you leave your money as collateral, and if the price goes in the opposite direction, the position will automatically close and your money will be withdrawn. There

[23:00] is a very important button for this: isolated margin and cross-page. We always use isolated margin. This means that in the worst case, you will simply burn the order you made and will not

[23:13] lose anything else. But if there is a cross margin, then this will happen: you made a short for $100 with a tenth leverage. Now, for you to earn, Bitcoin must go down. A 1 percent drop will bring you plus 10 percent to your

[23:28] position, that is, $10, but something went wrong. That's not true, Bitcoin started to grow, it grew by ten percent. If you had isolated margin, the contract would have been trained, and you would have lost only your bet, because 10

[23:41] percent growth with tenth leverage is minus 100 percent to your position. That is, you simply multiply these numbers together. But when you have a cross cuff, the exchange will start withdrawing money from your balance to the derivative account, and it can

[23:54] do this endlessly until you exhaust all the money and liquidate your contract. Why is the cross majo so dangerous? You need to use it, and if you are sure that the price can slightly move in the wrong direction and bounce back, it is a risky

[24:08] instrument, and I do not recommend it to beginners. Look, friends, leverage is a very serious and very dangerous thing. Many beginners' eyes start to light up when they hear that one percent change in the Bitcoin price can

[24:22] make a plus 100 percent profit and double their money, but these same beginners cannot properly predict price movements and instantly lose everything. I recommend using leverage in the region of 2 to 10, this is a normal

[24:36] pace. Making money is the most important thing you should think about when trading on the exchange. Security is your key. You must limit your losses. For this purpose, you can use very powerful insurance in derivatives trading.

[24:56] goes almost automatically for us. It stands for take automatically close your position when you earn a certain amount, and you don't

[25:08] have to sit and watch for these percentages and children. 2550 shows how much profit you want to wait for. You can adjust the amount using the pros and percentages, and we know that when we get 10 percent profit, the order will automatically

[25:23] be liquidated and our money will be locked in. The target is stop-loss, this is your insurance against money loss. You placed an order and the price went in the wrong direction. If you had a you lose 5 percent of your money, the trade will immediately close and will not let you

[25:40] lose more. I recommend never forgetting about stop-loss. You can forget a little bit short, that is, make money on the fall of Bitcoin, your profit and loss will be the opposite. The lower the price of Bitcoin, the better, and therefore the take profit should

[25:55] be below the price. If the price rises and you short, you lose money, so the stop loss will be above the price. So now you know how to insure your trades against large losses and automatically lock in large profits. This is not possible in

[26:09] only available in derivatives. Here, exactly what I explained to you, you set a stop loss of 5 percent and you will never lose wallet on a trade. You set a take profit, hopefully, percent, and every time

[26:25] Bitcoin gives you a 10 percent profit, most likely, with leverage, you will lock this money in your pocket automatically. In fact, you and I have almost completed the beginner's course on the stock exchange and there is only one mysterious element of the

[26:39] interface left. This is the third type of conditional orders. This is the most sophisticated way to place an order of all the ones I listed earlier. listed earlier. [music]

[26:54] and A conditional order only has one new additional field, the trigger. Who does this mean? Don't publish a contract until Bitcoin reaches a certain price. Let me show you with an example why this tool is

[27:07] needed. We know from technical analysis that if we see a Bitcoin dream triangle like this, then at this point at the end of the triangle, it will sharply shoot up or down. We don't know exactly where it will go, but we

[27:20] know for sure that it will go. Okay, what should we do? We set the conditions for the exchange. If Bitcoin reaches this price, place a long order for further growth and take 10 percent of the profit as a take profit. The second condition is that if Bitcoin reaches this

[27:34] price, it goes down. Place a short order and take profit after 10 We're not risking anything, and it won't launch until the condition is reached. We are guaranteed to make a profit in this situation. So, let's quickly

[27:49] go through the entire process and consolidate everything we've learned. Let's place a conditional order now. Bitcoin is worth 30 to 1900. Let's place three at 32,000. Only then will the contract be activated. We'll buy one thousandth of a bitcoin. The contract amount is

[28:04] and the contract will be opened. Here it appears. Note that we created a market contract, so it will be executed immediately upon reaching the price. We'll get the order book's liquidity, but we won't appear in the order book. Here's

[28:20] our order on the chart. You can move it, by the way, it's super convenient if you want to adjust the order on the fly. And here's all the information below. Everything is there, since I did this all the information below. Everything is there, since I did this for demonstration purposes. The contracts will be closed.

[28:33] We've mastered all the functions of the exchange. We've looked at every button that traders use every day. You essentially don't need anything else. Finally, look at another very important thing: the mobile app. There's really

[28:47] nothing special to show here because it's a complete knee-jerk exchange. You can trade on your computer using exactly the same principle. There are all the same contracts, testing trades, and support is right there, and that's it. Friends, we've completely

[29:03] completed our review of the exchange. It's bombing. You've learned everything about registering and getting a $3,600 deposit bonus. You can do this by following the link in the video description. Register on It simply doesn't make sense to use the exchange without a link. Then we

[29:16] deposited money into an account ourselves from a QIWI wallet or through a secure peer- to-peer trading platform. We learned about spot trading, like a market wind, and market orders, or how market makers use limit orders. We

[29:29] switched to derivatives. We learned how to make money by shorting, how to do it quickly with leverage and safely with isolated margin, and how to reduce risks. Trade more consciously with a stop loss. This profit is what

[29:43] scares you. If words like stop loss, limit orders, shorts, and derivatives scare you, just listen. I've been trading on Bombit for several months now. I

[29:55] switched from being on So, and I don't regret it one bit. Babbit always suits me and solves all my problems because they care about their clients. All and withdrawals are processed normally at any time. Babbit volumes are

[30:11] quite large and process approximately 100,000 transactions per second, which is very important, and transactions are processed without delays. If you want to earn up to three thousand dollars, Be sure to register on the exchange using my link

[30:26] and make the required deposit to receive all the bonuses. If you have the comments and I will be sure to read and answer them. Give me a like. Thank you very much for watching. Subscribe to the channel so you don't miss other educational

[30:40] analytical solutions from me. [music]