The rapid growth of online trading has not bypassed cryptocurrency contracts. The platform, in just a couple of years of existence, has managed to become a place for profitable operations with derivative contracts on cryptocurrencies. Registering on the Bybit exchange opens traders up to great earning opportunities. Let’s look further into how to complete this process smoothly.
Who can benefit from trading cryptocurrency futures
Compared to its closest competitors, this platform offers the following advantages:
- one of the highest order execution speeds
- user-friendly interface for trading on all platforms (desktop, mobile)
- a wide range of risk management tools
All offered instruments are traded against the US dollar. Traders have the opportunity to operate with contracts for BTC, ETH, XRP, EOS, as well as the derivative instrument BTC/USDT. With such a broad spectrum of assets, it is possible to hedge orders, including on the stock market. This is thanks to the presence of the dollar as a measure of the global financial system, which gives contracts high volatility combined with enough stability and predictability.
Registration process
To simplify this process as much as possible, a quick access block to the client account is placed on the homepage.
There are two different ways to register:
- using an email address
- via a mobile phone number
After entering the required data, if you use an email address, you need to confirm the process by entering the code sent in a separate email from the company.
Go to the exchange site and register right now
Additional account security
After gaining access to your personal account, the trader should take care of protecting the balance.
This can be done in two ways:
- authentication via SMS
- authentication using Google account credentials
Regardless of the chosen confirmation method, you can ensure complete security of your funds on the account. Once all possible measures are taken, you can proceed to conduct transactions. To buy your first lot, after registration on the Bybit exchange, the player can go directly to purchasing assets. To do this, select the “Buy Cryptocurrency” item from the top menu of the account.
The window that opens allows you to choose between three types of cryptocurrencies available for purchase.
First, enter the available fiat amount. The company offers the option to choose among the most popular global currencies, which, when paying via bank transfer, can save on conversion fees.
On the next page, you’ll be presented with a choice of service providers and payment methods. Here, you can select the most advantageous option — sometimes using a bank card directly does not offer the best rates, or even the opposite. For example, through the Banxa service, with the same amount of funds in currency, you can purchase a larger volume of crypto assets.
With a registered account, it is also possible to exchange cryptocurrency back to fiat funds. To do this, simply select the adjacent menu item and enter the amount of “crypto” on your account.
Features of the personal account
A trader with a registered account gains the ability to buy, store, sell, and exchange the following cryptocurrencies:
- BTC
- ETH
- EOS
- XRP
- USDT
Exchange is carried out at the current market rate via the “Asset Exchange” menu item on the trading account page.
Trading
After completing all necessary deposit and initial balance purchase operations, the trader can begin exchange trading. The easiest and fastest way is to open the trading terminal in your browser. You can access this page via the “Trading” menu at the top of the page. The opened window provides full functionality for conducting operations.
The currency chart can be finely adjusted. Traders have options to choose:
- the time interval of the selected instrument
- the chart type for the displayed asset (bars, Japanese candles, Heiken Ashi, lines, and trading areas)
- technical analysis indicators to predict future chart movements
The player can always evaluate the market depth based on existing orders and analyze registered operations between other exchange participants.
Registration via smartphones and tablets
Registration on Bybit is also possible from a mobile device. To do this, you need to download and install the trading app on your device in advance. The official website features a QR code for downloading the application.
After the first launch of the app, the current rate of existing contracts will be displayed, and from the “Assets” tab, you can log in or create a new account.
To do this, after clicking the “Login” button, you need to enter your details or go through a new step of creating a personal account.
Compared to the web version of the terminal, the app offers slightly reduced trading functionality, but it is perfect for quick transactions.
Advantages of registering on this platform
Bybit.com offers all participants of the cryptocurrency market excellent tools both for independent trading and as an additional risk hedging measure. With such a trading strategy, you can achieve great results with minimal threat to your trading account. Verification is not required for trading, and each login to your personal account can be additionally protected with two-factor authentication. As a cryptocurrency exchange, Bybit has established itself as a reliable platform with excellent opportunities for earning, placing, and storing crypto assets. This is confirmed by numerous reviews from satisfied clients, many of whom are in Russian, as this platform is popular among Russian players.
