Detail Instructions on How to Register Bybit Exchange

I. What is Bybit Exchange?

Bybit is a cryptocurrency exchange founded in March 2018 in Singapore to provide a professional platform where crypto traders may discover an ultra-fast matching engine, outstanding customer care, and multilingual community support. The firm offers unique online trading services and cloud mining solutions, as well as API support, to retail and professional clients worldwide, and aims to be the most dependable exchange for the developing digital asset class. It is a British Virgin Islands-registered trading exchange with over 10 million customers.

Meta Lion Ventures proudly inform of the cooperation with Bybit exchange. Based on this strategic partnership, Meta Lion Ventures can fully bring the sponsorship for all connected Crypto projects.

II. Highlights of Bybit Exchange

Bybit offers a wide range of cryptocurrency services, including:

Spot Trading: This is the most fundamental feature that every exchange must have. It is essentially the buying and selling of various currencies, like BTC or ETH.

Margin Trading: Spot trading is quite similar to margin trading. The main distinction is that Margin Trading allows you to borrow more funds to leverage your position, whilst Spot Trading does not.

Derivatives Trading: Financial contracts between two or more entities whose values are depending on the performance of an underlying asset. Inverse Perpetual (Futures), USDT (USDC) Perpetual, Options Contracts, and Leveraged Tokens are all available on Bybit.

Launchpad: An IEO (Initial Exchange Offering) platform for low and mid-cap crypto currencies.

Trading Bot: Provides a variety of profit-making tactics, generally conducted automatically by bots.

ByVotes: Bybit users may vote on which currencies will be featured on the exchange and earn airdrops in the process.

Copy Trading: Profits can be made by imitating professional traders’ strategies/trades.

Bybit Savings: Earn passive income by depositing bitcoins over a Fixed Term (a set amount of time) or Flexible Term (a wider range of possibilities), similar to how banks earn savings.

Dual Asset: A high-yielding non-principal-protected structured saving product incorporating two separate crypto tokens. The product contains an optional callable feature that reduces the product’s risk in exchange for a lower payout.

Liquidity Mining: Provide liquidity to a pair of tokens on Bybit in exchange for trading fees and receive a dividend.

Launchpool: Stake and earn rewards by temporarily locking up cryptocurrency using Launchpool.

DeFi Mining: Earn yields by providing liquidity to Curve Finance using DeFi Mining (an AMM). Larger returns, but higher dangers.

NFT Marketplace: An NFT marketplace created and designed by Bybit.

Charity: Donate cryptocurrency to non-profit organizations for charitable purposes.
Institutional Services: Become a member of the institution to obtain exclusive benefits.

III. Bybit Exchange Reviews

Some of the key characteristics that distinguish Bybit as one of the best margin trading platforms available include:

1. Advantages

One of the market’s fastest-growing cryptocurrency exchanges.
Excel at futures trading. Leverage up to 100x is supported.
Trading commissions that are competitive.
Liquidity is abundant.
The signup process is quick and easy.
Extremely safe, with several protection/insurance solutions.
Top-tier trading engine capable of handling up to 100,000 transactions per second.

2. Disadvantages

Spot trading is less appealing than futures trading since there are fewer spot marketplaces.
Only 3 fiat currencies (RUB, BRL, and ARS) are accepted for deposits.
Not accessible in the United States.

IV. How to register an account on Bybit Exchange

Step 1: Set up an account

Visit Bybit website: https://www.bybit.com/en-US/
You will have 2 options for signing up here: Email or Mobile Number. At the same time, you may join immediately using your Google Account.
As an example, Meta Lion Ventures will create a Bybit account using an email address. Enter your email address and password, then press the “Continue” button.

Note: Your password must be between 8 and 30 characters long and contain at least one uppercase letter, one lowercase letter, and a number.

Check that you are not a resident of any of the prohibited countries or areas before making an account (shown in the picture). If you are not, select “No”

A 6-digit verification code will be emailed to your email address. To validate your account, enter the code.

Your account has been successfully created.

Step 2: Complete identity verification

To use all features of the Bybit platform, you must first complete identification verification.

Point to the human image on the main page and select “Account & Security”

Select “Verify now”

First, you must advance to Level 1. Level 2 unlocks more features but is not required.
Select “Upgrade”

Select your nationality, then click “Next”

Choose a type of identification document, then upload images of it. After that, press the “Next” button.

Continue the verification procedure. Follow the on-screen instructions and then click “I’m ready”

After the face scan, you will be alerted that the verification procedure is complete. Bybit will examine your request before upgrading your account to level 1.

Step 3: Enable 2FA (Two-factor authentication)

On the main page, point to the human image and select “Account & Security”

Scroll down and click “Settings”. Meta Lion Ventures will utilize Google Authenticator as an example.

You must first confirm your identity by email. To obtain the verification code, click “Send Verification Code” and then input it into Bybit.

Set up your Google Authenticator by following the instructions.
When you’re finished, click “Confirm”. Meta Lion Ventures is unable to leave an illustration here since it involves personal information.
Your account will be disconnected, and you will need to log in again, but this time using two-factor authentication.

V. How to use Bybit Exchange

1. How to deposit into Bybit exchange

Point to “Assets” on the main page and choose “Assets Overview”

Select “Deposit”

Select the token to deposit and the blockchain network from which to transfer it. As an example, Meta Lion Ventures will use Coin98 and the BSC network.
Select “Acknowledge”

Your deposit address will be shown. To this address, send the selected cryptocurrency from the proper blockchain network. When the transaction is completed, your assets will be visible on Bybit.

2. How to withdraw from Bybit exchange

Point to “Assets” on the main page and choose “Assets Overview”

Select “Withdraw”

Choose the token you wish to withdraw, then input your withdrawal address, network, and withdrawal amount. When you’re finished, click “Submit”

3. How to buy & sell crypto on Bybit exchange

On Bybit, you may purchase and sell cryptocurrencies in a variety of methods. The Express function on Bybit is one of the simplest methods to purchase crypto tokens. You may use this tool to acquire cryptocurrencies directly using several supported methods, such as credit cards or bank transfers.
To utilize this service, navigate to “Buy Crypto” and choose “Express” from the main page.

You may select the cryptocurrency to buy, the Fiat currency to buy it with, and the payment method here. For example, you may buy USDT using VND in a variety of methods, including Credit Card, Bank Transfer, Momo, Zalopay, and third-party services such as GooglePay.

VI. How to trade on Bybit Exchange

1. Spot Trading

Point to “Trade” on the main page and select “Spot Trading”

The spot trading interface will appear. On Bybit’s order books, you may purchase and sell numerous crypto assets.

2. Margin Trading

Point to “Trade” on the main page and select “Margin Trading”

Click “Enable Margin” on the right side of the screen.

Click “Acknowledge & Enable Margin Trading”

After completing the 5 Margin Trading tests, click “Acknowledge & Agree”

The Margin Trading option will now appear on the right side of the screen. Margin Trading is also accessible via Spot Trading due to a shared interface.
It should be noted that only Bitcoin (BTC) and Ethereum (ETH) are supported for Margin Trading on Bybit, with a maximum leverage of 3x.

3. Derivatives Trading

There will be other alternatives for trading derivatives, and Meta Lion Ventures will use USDT Perpetual as an example. Point to “Derivatives” on the main page and choose “USDT Perpetual”

The futures contract interface will appear. You may adjust your Margin Mode (Cross, Isolated) and leverage on the right side of the screen (from 1x to a maximum of 100x).

4. Leveraged Tokens

On the main page, choose “Trade” and then “Leveraged Tokens”

Select “Acknowledge and Enable Leveraged Tokens”

The spot trading interface will appear.

5. Trading Bot

Point to “Trade” on the main page and choose “Trading Bot”

You may make your own Trading Bot or copy from other traders here. As an example, Meta Lion Ventures will produce a new one. Scroll down and select “Create Now”

You must type the following information here:

Token pair: Select the one you want your Trading Bot to trade.
Pricing range: The grid bot will only work in the top and lower price ranges. The grid bot will not place any new orders if the market price goes outside of this range.
Number of grids: The greater the number of grids, the smaller the price intervals. Please keep in mind that orders may be filled more often in this situation.
Total investment: The total amount of money you wish to put into your Trading Bot.

When you’re finished, click “Create Now”

VII. How to earn on Bybit Exchange

1. Bybit Savings

Point to “Earn” on the main page, then click “Bybit Savings”

There will be a variety of Flexible Term and Fixed Term savings choices. USDC will be used as an example by Meta Lion Ventures. Click “Stake Now”

Enter the quantity of tokens you wish to stake, check the box that says “I have read and agreed to the Bybit Terms of Service” and then click “Stake Now”

2. Dual Asset

Point to “Earn” and choose “Dual Asset” from the main page.

Scroll down to view all of the available options. Choose the approach that best fits you. Meta Lion Ventures will use one at random as an example.
Click “Select”

Enter the amount of tokens you wish to deposit, then click “Submit”

3. Liquidity Mining

On the main page, click “Earn” and then “Liquidity Mining”

Scroll down to view all of the available options. As an example, Meta Lion Ventures will use a random token. Select “Add”

Enter the quantity of tokens you wish to utilize to boost liquidity, either in pairs or individually, and then select the leverage level (from 1x to 3x). After that, select “Add Liquidity”

4. DeFi Mining

Point to “Earn” and choose “DeFi Mining” from the main page.

All of the alternatives will be shown. At the present, there is just one choice. Select “Buy Now”

Continue by selecting “Buy Now”

Enter the quantity of tokens you wish to stake, then press the “Purchase” button. If you haven’t already, click “Transfer” to add funds to your Earn Wallet.

5. Launchpool

Point to “Earn” and choose “Launchpool” from the main page.

Because there are now no available choices on Launchpool, Meta Lion Ventures cannot assist you further with this function.

6. Launchpad

On Bybit’s launchpad, you may invest in innovative ideas from their early stages. Point to “Trade” and then choose “Launchpad” from the main page.

Ongoing deals will be shown. You can either commit BIT (Bybit’s native token) to receive a portion of the token allocation or contribute USDT to acquire a lottery ticket.
Meta Lion Ventures will use the first choice as an example. Click “Join now“

Click “Deposit Now (BIT)”. To subscribe to token allocation, you must have at least 50 BIT tokens or 100 USDT to purchase a lottery ticket.

VIII. Bybit Exchange App Download

Bybit features an app for all mobile platforms, including iOS and Android:

App Store
Google Play

IX. FAQs about Bybit Exchange

How does Bybit work?

Bybit has no KYC requirements, so all you need to open an account is a phone number or an email address. You may buy Bitcoin using fiat (conventional) money by depositing bitcoins or via a third-party app.

It provides up to 100x leverage on margin and futures trading. Users of Bybit can obtain 100x leverage on Bitcoin and 50x leverage on other currencies. Customers can also get short-term loss insurance. Both the website and the mobile bitcoin app are filled with essential tools for skilled traders.

Simply trade one coin for another. But if that’s all you want to do, Bybit isn’t the ideal option because it’s not designed for spot trading.

What are the fees on Bybit Exchange?

Bybit charges different fees depending on whether you are a market maker or a market taker.

Market Makers: The cost is 0.025% of the value of your deal. Your order must be put on the order book and waiting to be filled to qualify as a market maker. When you decide to put a limit order, this is the situation.
Market Takers: The cost is 0.075% here. When you are a market taker, your order is completed instantly and is not entered into the order book. This is true if you decide to make a market order.

What types of Crypto users can buy on Bybit Exchange?

Because ByBit Exchange is a crypto derivatives exchange rather than a standard exchange, it only offers a restricted amount of crypto assets for purchase and sale. These are the assets:

Bitcoin (BTC) (BTC)
Ethereum (ETH) (ETH)
Eos (EOS) (EOS)
Ripple (XRP) (XRP)
Tether (USDT) (USDT)

Is ByBit secure?

ByBit is a completely secure cryptocurrency exchange. They keep practically all of their cash, as well as the funds of their users, in cold storage, which means that if the exchange is hacked, the hacker will only have access to a restricted quantity of assets. They only keep enough cash on the exchange to allow for user withdrawals, and they utilize a multi-signature address technique whenever assets are moved from cold storage to an exchange. For further protection, the organization provides customers with Two-Factor Authentication.

ByBit manages the risks connected with futures contracts through an insurance fund. This fund is replenished with the initial margin that traders must deposit in order to execute a futures contract, and it serves as an insurance policy in the unlikely event that they are unable to liquidate a trader’s position.

Conclusion

Bybit is a good alternative for all levels of cryptocurrency traders, from novice to intermediate to expert. The platform is ideal for frequent traders who may benefit from the minimal trading fees: Trading derivatives is just 0.01/0.06% and the trading spot is FREE.

As a result, with its 100x leverage and availability of perpetual contracts, futures contracts, and spot trading all in one exchange with cheap costs, Bybit is our top suggestion for margin traders. The UI on both the desktop site and the mobile app is feature-rich while being simple to use for experienced traders.