How to Earn on ByBit: 6 Ways for Beginners [Step-by-Step Guide]

[00:02] that for beginners, I can tell you how you can make money on the exchange without losing your money. This is the most important thing because the first rule is not to lose your deposit. If we manage to earn something on top, then we are great.

[00:14] We can repeat this again and increase our results. In this video, I exchange for a beginner. Let's start with the first method - spot trading is located in the trade section and there is spot trading

[00:28] in spot trading. You can buy or sell cryptocurrency. Cryptocurrency is completely yours and you can withdraw it to any other wallet from the exchange. For example, having bought Bitcoin six months ago, you could now sell

[00:42] it and earn 58% net profit. But in addition to Bitcoin, there are many other cryptocurrencies that have grown even more. You can see the list of top cryptocurrencies on the Coin Market Cap website. This is a free site where you

[00:58] can see which cryptocurrencies are worth what their capitalization is and the main figures for these currencies. If you are a beginner, you can choose cryptocurrencies from the top 2 list. Coin Market Cap.

[01:12] Bitcoin's market capitalization is currently $1 trillion. Here it's written. For example, Ethereum's is four times smaller. That is, if Ethereum reaches Bitcoin's current capitalization, it will most likely grow

[01:27] four times. It's much more difficult for Bitcoin to increase its capitalization because it's already worth a lot and there's a lot of money there. Although, of course, this concept is very relative, but Ethereum will grow two to three times faster than

[01:42] Bitcoin will grow two times, so coins with a smaller capitalization have greater potential for movement. For example, a BNB coin recently cost $200, now it costs $600. A Salana coin cost $10, now it

[01:56] Salana coin cost $10, now it costs $150. That is, it has grown 15 times. If you trade on the spot and want to make money quickly, then you need to pay attention to those coins that have a capitalization of up to $100 billion.

[02:10] If, most importantly, you want not to lose your money, then invest it in Bitcoin or Ethereum. Bitcoin is now near its maximum, so historically, this is the A coin that is always growing, and everyone who bought Bitcoin a

[02:25] year or two ago is now in the black. By the way, if you are a beginner, the first thing you need to do is stop being a beginner, and we have a free course for you in our Telegram channel. The first link is in the description. All you need to do is

[02:37] simply register using our link on the byb exchange. The bot will give you access to the channel where there will be a course on technical analysis, as well as free lessons that are posted every week. The second tool is trading bots, despite

[02:51] their name, because many may think that trading bots are something related to the "money" button and something related to a scam. Most likely, this is some kind of deception. But in fact, trading bots are an excellent tool, absolutely

[03:04] simple and understandable. Let's look at the spot trading bots that will trade for us on the spot. In the tools section, there is a trading bots section, and here we need to select a spot Grid bot in spot trading bots. We do

[03:18] not risk anything because we also buy Bitcoin for ourselves. and they can't take it away from us when the price drops or rises sharply. Well, in general, I think you've heard that there is such a thing as liquidation when people lose

[03:33] money on the exchange because their position was liquidated. So, all this happens on spot futures. You don't have such a concept as liquidation. You bought concept as liquidation. You bought Bitcoin, Ethereum, and it fell two or three times, it doesn't

[03:46] matter. You don't sell it yet, so you don't lock in these losses. You can wait out the fall of Bitcoin, wait until it rises again, and sell it. That is, you become a long-term holder of

[03:58] Bitcoin, just like you would buy shares and own them for a long time. So, trading bots allow you to buy and sell Bitcoin when you tell them. Here, you set the range in which your bots will trade. If

[04:13] the price goes above or below the range, nothing will happen. The bots will simply stop trading, but you will still have your money. Everything will remain enters the range again, the bots will start trading again. Here, you select the number of

[04:27] grids. This is the number of levels on which the bots Set up your tasks for buying and selling. For example, right now I have 17 grids selected and it says that

[04:39] the profit here will be 1.2%, that is, approximately after 1.2% when Bitcoin falls, we buy it again. When Bitcoin rises again by

[04:51] this amount, then we sell Bitcoin. If our Bitcoin falls, that is, roughly speaking, for every percent of the price drop, we buy Bitcoin. For every percent of the price rise, we sell it. If our Bitcoin falls by 5%, then we

[05:07] buy it again when it falls by 1%, when it falls by another 1%, and so on until it falls by these 5%, then the price of Bitcoin grows up and we sell it with growth, making a profit. What happens in practice when we create this Bot,

[05:22] here we enter the amount for investment, click the create button, our 150 dollars will be divided into two parts, half of the 75 dollars will remain in dollars in USD. And half of the 75 dollars we will have in Bitcoin when the price If Bitcoin is growing, the

[05:36] bot automatically sells your Bitcoin little by little in parts. When the price falls, the bot buys Bitcoin using the USD you have with these 75 dollars of yours. That is, you launched the Bot, you immediately

[05:51] have both Bitcoin and dollars, and everything is profitable for you. When Bitcoin grows, you sell and earn a profit in USD. When Bitcoin falls, you buy more Bitcoin and you get even more Bitcoin, that is, with the price falling, you earn

[06:06] Bitcoin. With the price rising, you earn USD. If you believe in Bitcoin long-term, both are profitable for you. You can tell me why I need to set up trading bots. When I can just buy Bitcoin and sell it when it

[06:20] rises. The fact is that with such small price movements, you are already making money. Here you bought, here you sold, bought, sold,

[06:32] bought. Here, for example, you bought, bought, and here you sold, that is, Bitcoin didn’t move here, it just went up and down. A At this time, you were

[06:44] printing new bitcoins and new USD for yourself. Well, because essentially this is pure profit that your Bot generates for you, and for a Bot, this kind of movement is ideal. Because there is always somewhere to buy, there is always somewhere to sell when it

[06:59] just goes to the right. The chart's main disadvantage is that when your Bitcoin grows very strongly, you will not earn a profit because you only have 50% in Bitcoin. Let's say you entered a deal here

[07:16] and here you will only have 50% of Bitcoin to sell. Here, your 50% of Bitcoin will conditionally end and then you will be sitting with dollars and USD, and Bitcoin continues to grow. And you sit with your dollars when Bitcoin

[07:30] updates new highs, and here are the people who bought it and just hold it, making money. And you have nowhere to buy it because it does not fall, it only grows. We get about the same picture with sharp falls, but honestly, the

[07:43] falls don't scare me so much because we are simply accumulating more Bitcoin. We can always sell Bitcoin because I believe that Bitcoin will still grow. But I don't really want to miss out on growth, but when you expect neither a rise nor a

[07:56] fall in price, but its movement to the right, or you do n't want to just analyze, then spot trading bots are the next tool for you - buying coins before they are listed on the exchange. This is in the Spot X trade section and there is a launchpad

[08:10] in the launchpad. You can buy a coin before it is listed on the exchange. When it is listed on the exchange, you can sell it. Usually, on exchanges like bybit, a coin grows 10 or even 20 times. The disadvantage here is that you cannot buy a

[08:24] coin. For the amount you want, you will be allowed to buy only a small part of your amount. For example, now there is a launchpad where LFT tokens will be sold. The sale is very conditional because they will cost 3 cents.

[08:37] When it is listed on the exchange, it will all naturally be at least 10 times more expensive. Here is a button to participate. You can participate for m&t m&c - these are coins from the bybit exchange, you need to keep them on your balance or

[08:51] distribution in usdt then You just need to keep dollars on your balance. If you don't want to risk and don't want to buy MNT and they can fall, then use the distribution in dollars. If you participate in the MNT subscription, you are guaranteed to

[09:05] receive LFT tokens, which will then be traded on the exchange. If you participate in the distribution for USDT, you are not guaranteed to receive tokens. But if you receive them, you risk nothing. The only thing you need here

[09:21] is to maintain a balance of more than $100. Now the balance snapshot period has begun, and during this time, from the balance snapshot period until the subscription or distribution, here you need to. Now you see here the countdown

[09:34] is 5 days 2 hours. During this period, you need to keep at least need to keep at least $100 or at least 50 M&T on your balance. But I will tell you that if you have less than 2,000 M&T, then it is better for you to participate in the subscription

[09:49] for USDT, that is, for dollars, because here you are not guaranteed to receive these LFT tokens. But at least you will receive 500 FT tokens. for the winning

[10:01] ticket, that is, everyone who keeps usdt on their balance and who presses the button to participate for usdt. Now I pressed the participate button, I will receive a ticket, and if suddenly I am among the winners, I will be given 500 lft tokens;

[10:17] if I am not among the winners, then 100 usdt will simply be returned to my balance; Just if I win, I will have 500 lft. The next method is in the banking section and is called bybit Earn. It is also called

[10:31] staking, when you send your coins, your money, so that they bring you additional income at interest, similar to a bank deposit. But here you do all this in cryptocurrency, and accordingly, you will receive income in

[10:45] cryptocurrency. You can put your dollars at interest, now it says 8% here. But if you hover here, you will see that if you have less than 500 dollars, then you will receive 8%; if you have more, then it will be only 3%.

[10:59] But this is a flexible percentage, and in In the case when USDT is more in demand on the exchange, this percentage can reach up to 40% per annum. This happens during periods of strong market growth when there is very high volatility and many people borrow USDT.

[11:15] In addition to USDT, you can invest other coins here and receive income in them. For example, by investing Ethereum, you will receive income in Ethereum. Accordingly, the price of Ethereum rises, plus the price of the

[11:30] because it is also in Ethereum. This is a fairly profitable and interesting instrument. But you need to look at the interest rates because sometimes on decentralized exchanges, the interest rate may be higher than on the Bybit exchange. Compare and

[11:46] Because if you are really a beginner, why am I not showing you the dex of a decentralized exchange now? Because if you are a beginner, you are more likely to lose money there. The exchange still keeps you so safe and they control so that

[12:00] you do not lose the money you put in, at least in N products, because of course, if you open If you make a deal on spot or futures trading with a tenth or hundredth leverage and the market goes against you, then of

[12:13] course you can lose money. These are the laws of the market and your actions are, as it were, controlled only by you. But within the framework of this staking, the exchange cares about your safety. The next method does not require any investment at all.

[12:26] derivatives section and here there are not only derivatives but also by WhatsApp in by WS. You can vote for projects that will be deposited on the exchange if this project wins among all the others and it really will be

[12:46] $100,000 in project tokens and is divided among all people. Well, per person here you can get about $5, maybe $10, in rare cases, $30-50 for simply voting for something. We

[13:00] wins on our Telegram channel so that you can vote for it and are guaranteed to receive tokens of this project. Another method that does not require investing your money is that does not require investing your money is in the trading section, there is Spot X, where there is

[13:13] Hunting for airdrops I think you've all heard about airdrops when projects give you money for free, some projects give more, some less, standardized. You can earn here by completing tasks

[13:28] and receiving project tokens. There is a prize pool in project tokens, it is immediately indicated. If this prize pool is large enough, then you can click the participate button here and complete simple tasks like

[13:41] follow this project on Twitter, follow bybit on Twitter, repost this post, make a deposit, make a trading volume of $100 on spot, you can also invite

[13:53] additional rewards. And so for each project, you can simply receive tokens of this project. Some tokens are already traded on the exchange, some tokens will only be Zalins and will only be

[14:06] hope that the information in this video was useful for you. Use wisely for now.