[Bybit: Virtual currency, NFT] How to trade, how to use


Once you have opened your Bybit account and know how to deposit and withdraw, all you have to do is start trading. To trade, you must understand Bybit’s trading screen. At first, don’t overdo it and watch it, and review it when you actually trade.

transaction screen

Please log in first. If you haven’t opened an account yet, please refer to the article below.

After logging in, you can move to the actual transaction screen by clicking the actual item. The main chart uses the Trading View system, which is also used by other exchanges, so even people who are familiar with other exchanges will be able to use it immediately.

Source : https://www.bybit.com/

For USDT perpetual contract and inverse perpetual contract, you can select from “Derivatives” at the top of the screen. You can see the chart by selecting and clicking on your favorite currency pair.

Inverse unlimited and USDT unlimited have the following differences.

Inverse Unlimited: Trade cryptocurrencies in your wallet as margin

USDT Perpetual: Trade with USDT as Margin

Trading pair selection method

You can select a trading pair from the top left of the screen. If you click the currently displayed currency pair, a list of currency pairs that can be traded will appear at the bottom, so you can switch by clicking.

Source : https://www.bybit.com/

How to order

The upper part of the total assets field on the right side of the screen can be set in the order field.

Source : https://www.bybit.com/

Type of order method

You can use the following ordering methods:

market orderIt is an order method that is immediately executed at the best quote price available from the order book.
limit orderIt is an order method that determines the contract quantity and limit price, and is executed when the set limit price is reached and the counter order is matched.
conditional orderAn order method that fills when the price reaches the trigger price.

Order procedure

Below is the screen for physical transactions. The operation method is as follows.

1. Set the margin type and leverage ratio,

2. Select the order type.

3. Enter the limit price (for limit orders)

4. Enter quantity

5. You can place an order with the buy or sell button.

Source : https://www.bybit.com/

market order

A new market order is an easy and instant way to place an order. By entering a quantity, you can immediately place an order by clicking Buy or Sell.

Source : https://www.bybit.com/

limit order

It is basically the same as a market order. There are more places to enter the limit price. Decide on your limit price. Then decide the quantity and place the order.

Source : https://www.bybit.com/

conditional order

Bybit has conditional orders such as stop orders and stop orders. You can set it with one click on the order confirmation screen.

Source : https://www.bybit.com/

Check assets and balances

The right side of the trading screen shows your assets and available balance in real time. You can check your balance here.

Source : https://www.bybit.com/

Assets: Amount of money held across accounts

Balance: total amount excluding withdrawal requests and orders

Open positions and settlement history

You can check the history of your current open positions and orders in a list. You can see the status of various orders from “Orders” on the upper right of the screen.

Source : https://www.bybit.com/

By clicking on it, you can check the current holding position and transaction history. You can choose what you want to see from the menu on the left. Of course, at the bottom of the trading screen, you can check the list of positions and orders you are currently placing.

Source : https://www.bybit.com/

Payment Method

You can easily settle the position you have. At the bottom of the screen, you can check the list of positions and order history that you are currently placing. You can confirm, change, or cancel any order once placed here.

Source : https://www.bybit.com/