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How to Buy Crypto on Bybit — Step-by-Step Guide & Transcript

0h 01m video Published Feb 1, 2026 Transcribed Aug 7, 2026 Riki Ruiz Riki Ruiz
Beginner 1 min read For: Absolute beginners with no prior crypto experience who want to learn how to buy their first cryptocurrency on an exchange like Bybit.
AI Trust Score 65/100
⚠️ Average / Some Fluff

"The title promises 'how to invest in crypto' and the video delivers a genuine, hands-on walkthrough — though it only covers the first conversion step, not the full investment journey."

AI Summary

This video is a beginner-friendly tutorial on how to invest in cryptocurrencies, specifically demonstrating how to buy Bitcoin and convert fiat currency (euros) into a stablecoin (USDC) on the Bybit exchange. The host walks through the funding account interface, explains the key difference between volatile assets like Bitcoin and stablecoins like USDC, and shows a live conversion example with real fees.

[00:00]
Starting Point: The Funding Account

To invest in crypto, the host navigates to the funding account, which is where fiat currency (euros) is held. The first option shown is a 'Convert' button located at the top right of the interface.

[00:15]
Converting Euros to USDC

The host selects 'fiat' as the source currency (euros) and chooses USDC as the destination. USDC is introduced as a stablecoin, which is essential knowledge for beginners.

[00:27]
What Is a Stablecoin?

USDC always maintains a 1:1 value with the US dollar — one USDC always equals one dollar and never fluctuates. This is contrasted with Bitcoin, whose price constantly changes relative to the dollar or euro.

[00:40]
Why Bitcoin Fluctuates

Unlike USDC, Bitcoin's price is volatile and changes continuously against fiat currencies. This is the fundamental difference between a stablecoin and a regular cryptocurrency.

[00:53]
Use Cases for USDC

USDC is highly useful for moving money easily between places — within Bybit, to another exchange, to a personal wallet, or to a friend. It serves as a stable medium for crypto transfers.

[00:53]
Live Conversion Example

The host converts 100 euros into USDC, receiving 116.91 USDC based on the current EUR/USD exchange rate. The conversion includes a 0.20 euro fee, which is displayed transparently.

The video provides a clear, practical introduction to buying crypto on Bybit, emphasizing the role of stablecoins like USDC as a stable bridge for moving money in the crypto ecosystem. It's a solid starting point for absolute beginners, though it only covers the very first step of the investment process.

Mentioned in this Video

Tutorial Checklist

1 00:00 Log into Bybit and navigate to the funding account where your fiat currency (euros) is held.
2 00:15 Click the 'Convert' button at the top right of the interface.
3 00:15 Select 'fiat' as the source currency and choose euros as the currency to convert from.
4 00:15 Select USDC as the destination currency (a stablecoin pegged 1:1 to the US dollar).
5 00:53 Enter the amount to convert (e.g., 100 euros) and confirm the conversion, noting the displayed fee (0.20 euros) and the resulting USDC amount.

Study Flashcards (5)

What is USDC?

easy Click to reveal answer

USDC is a stablecoin that always maintains a 1:1 value with the US dollar — one USDC always equals one dollar and never fluctuates.

00:27

How does Bitcoin differ from USDC in terms of price?

easy Click to reveal answer

Bitcoin's price fluctuates constantly relative to the dollar or euro, whereas USDC always stays equal to one dollar.

00:40

What are the main use cases for USDC?

medium Click to reveal answer

USDC is used to move money easily between places — within Bybit, to another exchange, to a personal wallet, or to a friend.

00:53

Where is fiat currency held on Bybit?

easy Click to reveal answer

Fiat currency (euros) is held in the funding account.

In the example, how much USDC did 100 euros convert to, and what was the fee?

medium Click to reveal answer

100 euros converted to 116.91 USDC, with a 0.20 euro fee included.

00:53

💡 Key Takeaways

📊

Stablecoin Definition

Provides a clear, beginner-friendly definition of a stablecoin and why it doesn't fluctuate — foundational knowledge for any crypto investor.

00:27
🔧

Transparent Fee Disclosure

Shows real-world conversion mechanics with an explicit 0.20 euro fee, giving viewers an honest look at the actual cost of trading.

00:53

[00:00] ¿Cómo invertir en criptomonedas? Vamos a comprar algo de Bitcoin. Vamos a la cuenta de financiación porque ahí es donde tienes los euros. Te recuerdo aquí en fiat. Una de las opciones es simplemente ir aquí arriba a la derecha y le das a convertir.

[00:15] Aquí voy a convertir desde, no quiero convertir de Bitcoin, sino de, clico en fiat para seleccionar mis euros porque quiero cambiar de euros a USDC, que esto es una stablecoin.

[00:27] Si no lo conoces, está bien que lo vayas aprendiendo. Esto significa que el precio de esta stablecoin, USDC, siempre vale lo mismo que un dólar. Un USDC, un dólar. Siempre igual. No fluctúa.

[00:40] Mientras que, por ejemplo, el Bitcoin sí que fluctúa. Su precio respecto al dólar o respecto al euro va cambiando. Pero un USDC siempre vale lo mismo que un dólar. Y sirve mucho en el mundo de las criptomonedas para estar moviendo dinero más fácilmente de un sitio a otro.

[00:53] Tanto dentro de Bybit como para transferírtelo a otro exchange, a una billetera tuya, a un amigo. Así que voy a hacer el ejemplo de cambiar, escribo aquí 100 euros a lo que me alcance de USDC, que por cómo está el cambio entre el euro dólar pues me alcanza a 116,91 y aquí ya te incluye las comisiones de 0,2 euros.

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