How to Use Bybit: Complete Beginner Tutorial

How to Use Bybit: Complete Tutorial

Bybit has grown into one of the top cryptocurrency exchanges globally, known for its sleek interface and powerful trading tools. This guide by IAMUVIN covers everything you need to get started with Bybit.

Why Choose Bybit?

Feature	Details
Supported Coins	500+ cryptocurrencies
Trading Fees	0.1% spot (discounts available)
P2P Trading	Available in multiple currencies
Unique Features	Copy Trading, Trading Bots, Bybit Earn
Interface	Clean, modern, beginner-friendly

Step 1: Create Your Account

1. Visit bybit.com
2. Click Sign Up
3. Enter your email or phone number and create a password
4. Complete the verification captcha
5. Verify your email/phone with the code sent

Step 2: Complete KYC

1. Navigate to Account & Security > Identity Verification
2. Select your country and document type
3. Upload your ID document (NIC or passport for Sri Lankan users)
4. Complete the facial recognition step
5. Wait for approval (usually 10-30 minutes)

KYC Level 1 allows basic trading. Level 2 increases withdrawal limits and unlocks P2P.

Step 3: Secure Your Account

• Google Authenticator 2FA — essential, enable immediately
• Fund password — separate password for withdrawals
• Anti-phishing code — appears in legitimate Bybit emails
• Login verification — email confirmation for new devices

Step 4: Deposit Funds

Crypto Deposit

1. Go to Assets > Deposit
2. Select the cryptocurrency
3. Choose the correct network
4. Copy the deposit address and send from your external wallet

P2P Trading

1. Navigate to Buy Crypto > P2P Trading
2. Select your currency and payment method
3. Choose a verified seller with good ratings
4. Place the order and complete the bank transfer
5. Mark as paid and wait for seller to release crypto

Credit/Debit Card

1. Go to Buy Crypto > Express
2. Enter the amount and select BTC or your desired coin
3. Add your card details and complete the purchase

Step 5: Spot Trading on Bybit

1. Navigate to Trade > Spot
2. Select your trading pair from the market list (e.g., BTC/USDT)
3. Choose your order type: Market, Limit, or Conditional
4. Enter the amount you want to buy or sell
5. Review and click Buy or Sell

Bybit Order Types

Order Type	Description	When to Use
Market	Buy/sell at current best price	Immediate execution needed
Limit	Set your own price target	Want a better price, willing to wait
Conditional	Triggers when conditions are met	Automated trading strategies

Copy Trading on Bybit

Bybit's copy trading lets you automatically mirror the trades of successful traders:

1. Go to Copy Trading section
2. Browse master traders — check their ROI, win rate, and follower count
3. Click Follow on a trader you like
4. Set your investment amount and risk parameters
5. Their trades are automatically copied in your account

Warning: Past performance doesn't guarantee future results. Start with small amounts and diversify across multiple traders.

Bybit Earn

Earn passive income on idle crypto:

• Savings: Flexible or fixed-term deposits with interest
• Liquidity Mining: Provide liquidity to earn trading fees
• Launchpool: Stake to earn new token rewards
• Dual Asset: Structured product for enhanced yields

Trading Bots

Bybit offers built-in trading bots:

• Grid Bot: Automatically buys low and sells high within a price range
• DCA Bot: Dollar-cost averages into a position over time
• Martingale Bot: Increases position size after losses (high risk)

Bybit Fees

Activity	Fee
Spot Trading (Maker)	0.1%
Spot Trading (Taker)	0.1%
P2P Trading	Free
Crypto Deposit	Free
Crypto Withdrawal	Network fee

Bybit vs Binance Quick Comparison

Feature	Bybit	Binance
Coins Listed	500+	600+
Copy Trading	Built-in	Limited
Interface	Cleaner	More complex
P2P LKR	Growing	Established

See our full exchange comparison for more details.

Tips for Sri Lankan Users

• Bybit P2P may have fewer LKR sellers than Binance — check availability first
• Use Bybit's demo trading feature to practice before risking real money
• Copy trading is a good starting point if you're new to trading
• Always withdraw large holdings to your personal wallet

Visit our tools page for trading resources and our learning center for more guides.

Disclaimer: This guide is for educational purposes only. Trading cryptocurrency involves substantial risk of loss. IAMUVIN does not provide financial advice. Past performance is not indicative of future results.