Navigating Bybit's Asset Listings: Difference between revisions
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Bybit is a prominent cryptocurrency exchange that offers a wide range of trading products, including spot trading, derivatives (futures), and various financial services. This overview is designed to provide beginners with a neutral introduction to navigating the platform's core features and asset offerings. To begin using the platform, you can Register here.
Core Features Overview
Bybit primarily focuses on providing a robust trading environment for both novice and experienced users. Key features include:
- **Spot Trading:** Direct buying and selling of cryptocurrencies using existing funds.
- **Derivatives Trading:** Offering perpetual and dated Futures contracts, often with leverage.
- **Staking and Earn Products:** Options for users to earn passive income on their holdings.
- **Advanced Trading Tools:** Including tools like Bybit Grid Trading Bybit Grid Trading.
Fees and Pricing Structure
The exchange operates on a maker-taker fee model. Fees vary depending on whether you are adding liquidity (maker) or removing liquidity (taker) from the Order book. Fees are generally competitive, though they can differ slightly between the Spot market and derivatives markets. Users with higher 30-day trading volumes or significant token holdings (like $BIT) may qualify for reduced trading fees.
Supported Assets
Bybit supports a large and continuously growing list of digital assets. These assets are available for spot trading and as underlying assets for derivatives. New assets are frequently added following rigorous internal review processes.
Asset Type | Trading Availability |
---|---|
Major Cryptocurrencies (BTC, ETH) | Spot, Futures, Earn |
Altcoins (Solana, Ripple, etc.) | Spot, select Futures |
Stablecoins (USDT, USDC) | Spot, Margin Lending |
Spot vs. Futures Trading Basics
Understanding the difference between Bybit's main trading segments is crucial:
- **Spot Market:** When you trade on the Spot market, you are exchanging one cryptocurrency directly for another (e.g., trading BTC for USDT). You own the underlying asset upon completion of the trade.
- **Futures Trading:** Futures allow traders to speculate on the future price of an asset without actually owning it. This involves trading contracts, such as perpetual futures, which do not expire. For more detail on navigating these, see A Beginnerβs Roadmap to Navigating Futures Markets and consult the Bybit Futures Help Center.
Order Types Available
Bybit supports standard order types necessary for executing trades precisely:
- Limit Orders: Used to buy or sell an asset at a specified price or better.
- Market Orders: Used to execute a trade immediately at the best available current price.
- Stop orders (Stop-Limit, Stop-Market): Used to manage risk by automatically triggering an order once a certain price level is reached.
Liquidity and Markets
Bybit generally maintains high liquidity across its most popular trading pairs, particularly those involving BTC, ETH, and major stablecoins. High liquidity ensures that large orders can be filled quickly without causing significant price slippage, as reflected in the depth of the Order book.
Security Practices
The exchange employs several security measures to protect user funds and data:
- Two-Factor Authentication (2FA).
- Cold storage solutions for the majority of assets.
- Regular security audits.
KYC Requirements and Limits
Bybit offers tiered account verification levels. Basic trading functionalities may be accessible with minimal verification, but higher trading volumes, fiat deposits, or withdrawals often require completing Know Your Customer (KYC) procedures, which involve identity verification. Limits on withdrawals and trading capacity are directly tied to the level of KYC completed.
Funding and Withdrawals
- **Funding:** Users deposit cryptocurrency or fiat (where supported) into their Bybit account wallets.
- **Withdrawals:** Withdrawals are processed according to the exchange's schedule and network confirmation times. Fees are applied based on the specific blockchain network used.
Mobile and Web User Experience (UX)
The platform is accessible via a comprehensive desktop web interface and dedicated mobile applications (iOS and Android). Both interfaces are designed to be functional, offering charting tools and rapid order placement capabilities, catering to both active traders and casual users.
Risks and Responsible Trading
Trading cryptocurrencies, especially utilizing leverage in futures markets, involves substantial risk of loss. Users should only trade with capital they can afford to lose and ensure they fully understand the mechanics of the products they use. Always practice risk management.
First Steps Checklist
Before placing your first trade on Bybit:
- Complete registration via Register here.
- Enable Two-Factor Authentication (2FA).
- Deposit the necessary base currency (e.g., USDT).
- Familiarize yourself with the Spot market interface.
- If trading derivatives, read up on margin and liquidation risks associated with Futures contracts.
See also (on this site)
- Bybit Spot Trading Explained Simply
- Understanding Bybit Futures Contracts Basics
- Bybit Fee Structure Demystified
- Essential Bybit Order Types Visualized
Recommended articles
- Bybit - ETCUSD
- Step-by-Step Guide to Navigating Funding Rates in Perpetual Contracts
- Bybit futures
- Bybit Academy
- Bybit Review
Recommended Futures Trading Platforms
Platform | Futures perks & welcome offers | Register / Offer |
---|---|---|
Binance Futures | Up to 125Γ leverage, USDβ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days | Sign up on Binance |
Bybit Futures | Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks | Start on Bybit |
BingX Futures | Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount | Join BingX |
WEEX Futures | Welcome package up to 30,000 USDT; deposit bonus from 50β500 USD; futures bonus usable for trading and paying fees | Register at WEEX |
MEXC Futures | Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT β get 10 USD) | Join MEXC |
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