Bybit Pro: Complete Course for Beginners (Text Format)
Preface - Bybit Pro
Welcome to the world of cryptocurrency! This guide is specifically created for those who are just starting to explore this exciting yet seemingly complex world. We understand that beginners often have questions:
- What is cryptocurrency and how does it work?
- Where and how can I buy it?
- Is it possible to start without trading experience?
These and many other questions will be answered here.
The Bybit exchange is one of the most popular and user-friendly platforms for working with cryptocurrencies, ideal for both beginners and experienced traders. However, like any other platform, it requires an understanding of the basics.
What you will learn from this guide:
- We’ll break down the basics of cryptocurrency in simple terms.
- Step-by-step instructions on how to use the Bybit exchange, from registration to your first successful trades.
- Learn how to avoid mistakes and start earning by leveraging the platform's features.
- For those who have only heard of Bitcoin and want to learn more.
- For those who want to enter the crypto market without the fear of getting overwhelmed by jargon.
- For anyone looking to earn from new opportunities in the world of digital assets.
Remember: even the most complex concepts become clear when explained simply. This guide will help you confidently take your first steps into the world of cryptocurrencies and easily master one of the most popular exchanges.
Section 1: Introduction to Cryptocurrency
1.1 What is Cryptocurrency?
Cryptocurrency is a digital currency that exists only on the internet. Unlike traditional money like rubles or dollars, cryptocurrency is not issued by governments or banks.
It operates on blockchain technology, providing security and transparency.
Key properties of cryptocurrency:
- Decentralization: No one controls cryptocurrency completely. It works through a network of computers worldwide.
- Security: Transactions are recorded in the blockchain and protected by complex mathematics, making them impossible to counterfeit.
- Limited Supply: For example, with Bitcoin, there is a maximum of 21 million coins. More cannot be "printed."
- Global Reach: Cryptocurrency can be used from anywhere in the world where there is internet.
- Anonymity: You are not required to enter personal information to create a cryptocurrency wallet.
Example:
If you have Bitcoin, you can send it to anyone in any country in just a few minutes, and the fee can be very low.
1.2 What is Blockchain?
Blockchain is a large digital ledger that records all transactions. Each new transaction is added to this ledger as a block.
The key feature is that the ledger is not stored in one place; it is distributed among all network participants.
How it works:
Each block contains:
Once a block is filled, it connects to the previous block, creating a "chain of blocks."
Why is blockchain secure?
If someone tries to alter data in one block, the system automatically detects the mismatch with other copies of the chain, and the changes are rejected.
Simply put, blockchain is like an Excel sheet that everyone can see, and no one can alter without the consent of others.
1.3 Why Use Cryptocurrency?
Here are a few examples:
- Cheap and Fast Transfers
Example: You want to send money to a friend in another country. Banks charge high fees for international transfers, but you can send cryptocurrency directly without intermediaries. - Investments
Cryptocurrencies like Bitcoin or Ethereum may increase in value over time, making them a popular asset for investors. - Financial Freedom
Your money is always under your control. No banks or governments can block your funds. - Payment for Goods and Services
Some companies accept cryptocurrency payments. For example, you can buy a flight ticket or pay for a subscription to a digital service.
1.4 Why Do You Need a Cryptocurrency Exchange?
A cryptocurrency exchange is a platform where you can:
- Buy cryptocurrency with fiat (traditional money, such as rubles, hryvnias, or dollars).
- Exchange one cryptocurrency for another.
- Sell cryptocurrency and withdraw funds to a bank card.
The main goal of an exchange is to make working with cryptocurrency simple and accessible.
On exchanges like Bybit, you also get access to additional tools:
- Trading: The ability to profit from price differences.
- Earning through Staking: Storing cryptocurrency to earn rewards.
- Use of Analytical Tools: Tools for price prediction.
1.5 Why is Bybit Suitable for Beginners?
Bybit is one of the leading cryptocurrency exchanges that offers convenient and easy-to-use tools.
- Simple Interface: Even if you've never used a crypto exchange, Bybit is easy to navigate.
- Security: The majority of user funds are stored in cold wallets, which are not connected to the internet, making the exchange less vulnerable to hacking attacks.
- Low Fees: This is beneficial for trading and transferring funds.
- Support for Beginners: The platform offers numerous educational resources and support in multiple languages, including Russian.
- Variety of Tools: P2P (peer-to-peer transfers), trading, staking, and much more.
Section 2: Registration on Bybit
2.1 Why Registration is Needed on the Exchange?
Registration allows you to:
- Manage your funds: Buy, sell, and store cryptocurrency.
- Use all platform features: From trading to additional earnings, such as staking.
- Ensure security: Your account is protected with a password, two-factor authentication (2FA), and other security tools.
- Access bonuses: For example, rewards for completing initial steps on the platform.
2.2 How to Register on Bybit: Step-by-Step Guide
- Open the Official Bybit Website
Go to the website https://www.bybit.com.
⚠️ Important: Make sure you're using the official website to avoid fraudulent sites. - Choose a Registration Method
Currently, there are two main ways to register:
- Registration via Email: Enter your email address.
- Registration via Phone Number: Provide your phone number with the international dialing code.
- The password must be strong: at least 8 characters long, including both uppercase and lowercase letters, numbers, and special characters.
Example: Dima#Crypto@2025.
4. Enter the referral code (MARAKAY).
- Check your email or phone. You will receive a message with a confirmation code. Enter this code on the website.
2.3 Account Security Setup
After registration, it is important to secure your account right away. The world of cryptocurrency offers many opportunities, but security is also crucial.
- Open your account settings.
- Go to the “Security” section.
- Install the Google Authenticator or Authy app on your phone.
- Use the app to scan the QR code.
- Enter the one-time code from the app on the platform.
- Never use the same password for different services.
- It is recommended to store your password in a password manager, such as 1Password or LastPass.
3. Adding an anti-phishing code
- In the security settings, you can set up an anti-phishing code. This is a unique signature that will appear in emails from Bybit, allowing you to verify their authenticity.
After registering, Bybit offers welcome bonuses. These may vary but usually include:
- Deposit Bonus: For example, if you fund your account, the exchange adds an extra amount to your balance.
- Fixed Rewards: Earn rewards for completing initial tasks, such as registration, first deposit, or first trades.
To activate the bonus, complete the required tasks found in the "Rewards Hub" section.
2.5 Registration Issues and Their Solutions
- Didn't receive the confirmation email?
- Check your spam or junk folder.
- Ensure you entered the correct email address.
- Try resending the confirmation email from the registration page.
- Phone number verification failed?
- Make sure your number is entered correctly, including the country code.
- Wait a few minutes and request a new verification code.
- If the issue persists, try using a different number or contact Bybit support.
- Error: "Account already exists"
- Blocked registration in your country?
- Some regions have restrictions on Bybit. Consider using a VPN or checking Bybit official list of supported countries.
Now that you've registered and secured your account, you can move on to exploring the Bybit platform interface. If you need illustrations for this part, let me know!
Section 3: Getting to Know the Bybit Interface
After registering and securing your account, it's time to explore the Bybit exchange interface. For a beginner, it might seem complicated, but in reality, everything is organized logically. Let's break down the main sections and their functions in detail.
3.1 Key Elements of the Bybit Interface
Upon logging into your account, you will see several key areas:
1. Top Menu — the main navigation. Here you'll find:
- Home: The homepage, where you can see the main offers, promotions, and market information.
- Markets: A list of all available cryptocurrencies for trading with current prices.
- Trade: The section for placing trades.
- Tools: A section with various tools for trading.
- Banking: A list of different features for earning on the exchange.
- More details: Additional features of the exchange.
Here, you can see current promotions, educational materials, and market information.
3. Bottom Menu (in the app) It provides quick access to essential features, such as:
- Balances: Your account balances.
- Trade: Access to the trading section.
- Transaction History: A record of your past transactions.
3.2 Account Balance: How to Check Your Funds?
To view your assets, go to the "Assets" section.
Here you will find:
Total Balance: The total value of all cryptocurrencies in your account.
- Spot: Cryptocurrency available for buying and selling.
- Derivatives: Funds for trading futures.
- Funding: Balance for P2P operations or other types of deposits.
Transaction history for deposits, withdrawals, and trades.
3.3 User Profile: Account Settings To change your account settings, click on the profile icon (usually located at the top right). In the menu, you will find:
- Personal Info:
Username and profile settings. - Security Settings:
2FA verification, password change. - Rewards Hub:
A section where you can activate bonuses for completing tasks. - Fee Rates:
Details about trading fees.
3.4 Trading Section: Your First Look at the Charts The Trade tab is the main place for trading. Here you will see:
- Displays the price changes of the cryptocurrency.
- Allows you to switch between different time intervals (5 minutes, 1 hour, 1 day, etc.).
- Displays current buy and sell orders.
- Bid (Buy): People who are willing to buy cryptocurrency.
- Ask (Sell): People who are selling cryptocurrency.
3. Order Section:
Here you set the parameters for your trade:
- Price: How much you're willing to pay or receive.
- Quantity: How much cryptocurrency you want to buy/sell.
- Order Types (e.g., market or limit orders).
3.5 Where to Find Help?
Bybit offers support for users through:
- Support Chat
Located at the bottom right corner of the screen (or via the "Help" section).
FAQs and support in Russian are available. - Educational Materials
The "Learn" section contains articles, videos, and guides for beginners. - Community
Bybit actively engages with users through social media and channels like Telegram and YouTube.
Example Interaction
Right after registration, go to the "Assets" section and make sure your balance is displayed correctly. Try navigating to the "Markets" section, select a popular cryptocurrency like Bitcoin (BTC), and explore the chart.
- Study each element of the interface at your own pace.
- Do not make purchases or sales randomly—be sure to do everything consciously.
Section 4: Depositing and Withdrawing Funds on Bybit
One of the first steps to get started on the exchange is making a deposit. In this section, we will thoroughly explain how to fund your balance, withdraw funds, and highlight any important details to keep in mind.
4.1 Depositing Funds: Main Methods
On the Bybit platform, there are several ways to deposit funds:
- Through Cryptocurrency
Transfer cryptocurrency from another wallet (e.g., Binance, Trust Wallet). - Through Fiat Money
Buy cryptocurrency directly using a bank card or through the P2P platform.
4.1.1 Steps to Deposit Cryptocurrency
- After selecting the cryptocurrency, your unique wallet address will appear. You will need to enter this address on the sender's side. ⚠️ Important: Make sure the selected blockchain (e.g., ERC20, TRC20) matches the one you're using to send the funds. Errors may result in the loss of funds!
- On the sender's side, complete the transfer by entering the copied address.
- Confirm the transfer and wait for it to be processed (the time depends on the blockchain).
4.1.2 Buying Cryptocurrency with a Bank Card
1. Go to the "Buy Crypto" Section
3. Enter the Amount and Select Currency
4. Follow the Payment Provider Instructions
4.2 Withdrawing Funds from the Platform
To withdraw funds, follow these steps:
- Open the "Assets" Section
Click on the Withdraw tab. - Choose the Cryptocurrency to Withdraw
Find the cryptocurrency you want to withdraw from the list. - Enter the Destination Address
Specify the wallet address where you want to send the funds.
⚠️ Tip: Make sure the recipient's address supports the selected network (ERC20, TRC20, etc.). - Enter the Amount
Specify the amount of cryptocurrency you want to withdraw. - Confirm the Transaction
Enter the one-time code (if two-factor authentication is enabled). - Wait for the Transaction to Complete
You can track the withdrawal status in the transaction history section.
4.3 Fees for Deposits and Withdrawals
- Внесение криптовалюты на счёт Bybit обычно без комиссии, но возможно снятие с отправляющего кошелька сопровождается затратами.
Bybit charges a small fee for withdrawing cryptocurrency, which varies depending on the type of coin. For example:
4.4 Tips for Safe Transactions
- Always double-check the wallet address
An error in entering the address can result in the loss of funds. - Compare fees and transfer times
Choose networks with the lowest fees, such as TRC20 for USDT. - Avoid using unreliable platforms to buy cryptocurrency
Use only trusted exchanges or reputable P2P sellers. - Protect your account
Make sure all security measures are enabled: 2FA, anti-phishing code.
Section 5: Trading on Bybit
Cryptocurrency trading is the main tool through which users earn from price changes. In this section, we will cover the main types of trading, how to place orders, types of analysis, and everything a beginner needs to confidently start trading.
5.1 Types of Trading on Bybit
- Buy and sell cryptocurrency with immediate settlement.
- You own the asset after purchase.
- Ideal for long-term holding (HODL).
- Trade contracts tied to the price of cryptocurrency.
- Allows trading with leverage (increased capital).
⚠️ Important: Derivatives are riskier, especially for beginners!
5.2 Price Chart: Breakdown of Elements
When you enter the trading section (e.g., in the "Trade" tab), you will see the cryptocurrency chart.
- Time Intervals
Change the period over which the data is displayed (5 minutes, 1 hour, 1 day, etc.).
Useful for analyzing short-term or long-term trends. - Chart Types
- Candlesticks: The most popular way to display prices:
- Line Chart: Provides a general view of market direction.
- Indicators
Tools for technical analysis, such as Moving Average (MA), RSI, MACD.
They help identify trends and entry/exit points. - Trading Volume
Shows how much of an asset has been bought or sold over the selected period.
5.3 Main Types of Orders
On the Bybit platform, there are three main types of orders:
- An order to buy or sell at the current market price.
- Executes immediately at the best available price.
- Allows you to set the price at which you want to buy or sell.
- Executes only when the specified price is reached.
- Ideal for waiting for favorable conditions.
5.4 How to Make Your First Trade?
Step 1: Opening the Trading Window
- Go to the "Trade" section on the top panel.
- Select the desired cryptocurrency pair, such as BTC/USDT (Bitcoin vs. USDT).
- Choose the order type: Market, Limit, or Stop.
- Set the trade parameters:
- For buying: Enter the amount in USDT you want to spend.
- For selling: Enter the amount of cryptocurrency you want to sell.
- Click the Buy or Sell button.
Step 3: Tracking Your Trade Status
- After placing an order, go to the "Open Orders" section.
- Here, you will see all pending (unfilled) trades.
- Once the order is executed, you can find it in the "Order History" section.
5.5 Using Leverage Trading (For Advanced Users)
Leverage trading allows you to use more funds than you have in your balance. For example, with 10x leverage, you can trade $1,000 while having only $100.
⚠️ For beginners, it is important to start without using leverage to minimize risks.
Choosing Leverage
Risks of Leverage Trading
5.6 Tips for Beginners
✅ Don’t rush into complex tools
✅ Use limits and risk management
✅ Learn basic analysis principles
✅ Never invest more than you can afford to lose
Section 6: Features and Tools on Bybit
Bybit offers many additional features to help you maximize your experience on the platform. These include not only trading but also ways to earn, analytics, and automation tools. Let’s take a detailed look at each of these features.
6.1 Earning with Staking, Launchpad, Copy Trading, and Earn
6.1.1 Staking
Staking is the process of locking up cryptocurrency within a network to support its operation and earn rewards.
- You choose a cryptocurrency from the available staking options (e.g., ETH, DOT, ADA).
- You freeze a certain amount of tokens for a selected period.
- Go to the "Earn" > "Staking" section.
- Select the cryptocurrency and the lock-up period that interests you.
- Confirm the action to lock your tokens.
6.1.2 Launchpad
(Continue with the description of the Launchpad tool.)
Launchpad is Bybit platform for participating in new projects and acquiring their tokens.
How it works:
Bybit provides early access to new tokens through Launchpad.
To participate, you need to hold a specific amount of USDT or BIT on your account.
- Go to "Earn" > "Launchpad" section.
- Review the project and its terms.
- Subscribe to participate by locking tokens.
Risks:
Participation in Launchpad does not guarantee a profit.
Always assess the potential of the project.
6.1.3 Copy Trading
(Continue with the description of Copy Trading.)
6.1.3 Copy Trading
Copy trading allows you to automatically replicate the trades of professional traders.
How it works:
You subscribe to a chosen trader.
All of their trades are automatically executed on your account.
- Go to the "Copy Trading" section.
- Choose a trader from the list, considering their ranking and statistics.
- Set limits for the capital to copy.
- Use only a portion of your capital for copy trading.
- Review the trader's statistics before subscribing.
6.1.4 Earn (Earning)
(Earn feature for passive income or other earning opportunities.)
The platform offers various ways to earn income:
Flexible Deposits:
You deposit cryptocurrency into an account and earn income.
Fixed Deposits:
Funds are locked for a certain period, but the interest rate is higher.
API is an interface that allows you to connect the Bybit platform to automated programs and bots.
- Trade automatically using bots.
- Connect analytical tools to track the market.
- Simplify order and balance management.
- Go to Account Settings > API Management.
- Create a new API key.
- Select permissions: view only or trade.
- Specify the IP addresses from which the key can be used (recommended for security).
- Connect the key to your software.
⚠️ Tip:
Always choose secure applications and never share your API keys with third parties.
6.3 Introduction to Analytical Tools
Successful trading requires market analysis. Bybit offers built-in tools to help you make informed decisions.
6.3.1 TradingView Charts
Bybit uses TradingView charts with many features:
- On the trading page, open the chart window.
- In the top right corner, select Indicators to add indicators.
- Trading volumes: Help determine market activity.
High volume indicates strong price movement. - Current trader positions: You can see the ratio of Long (buy) and Short (sell) positions. This helps determine market sentiment.
6.3.3 Reports and Liquidation Data
Bybit provides information about liquidations, showing price levels where the stop orders of large players have been triggered.
Tips for Beginners
- Start simple:
Explore staking tools and copy trading. - Understand the risks:
Make sure you understand the risks of automation through API and participation in Launchpad. - Gradually familiarize yourself with analytics:
Learn TradingView charts and basic indicators.
Section 7: Frequently Asked Questions (FAQ)
In this section, we have gathered answers to the most common questions that beginners face. Here, you will find solutions to common problems and useful tips.
7.1 What to do if money hasn't arrived?
If your deposit hasn't been credited to your account, it's important to stay calm and follow these steps:
- Check the transaction status on the blockchain Each cryptocurrency transaction is recorded on the blockchain, and you can check its status.
Go to the blockchain explorer of the network in which the funds were sent (e.g., Etherscan for Ethereum). Paste the transaction hash into the search bar. Ensure that the transaction is completed and confirmed.
2. Make sure the correct address was used Check the send history in your wallet: Was the Bybit wallet address entered correctly? A mistake in the address can lead to the loss of funds.
3. If the transaction is confirmed but funds haven't arrived Go to the Transaction History section in your Bybit account. Ensure that the network used to send the funds is supported by the exchange. If the issue isn't resolved, contact Bybit support: Via live chat on the website. Or submit a request in the Help Center with the transaction hash.
7.2 How to recover access?
Losing access to your account can happen due to forgotten passwords, losing the device with two-factor authentication (2FA), or other reasons.
- If you forgot your password On the login page, click "Forgot password?". Enter the email associated with your account. Follow the instructions in the email to set a new password.
- If you lost the 2FA device Contact Bybit support via the form on the website. Make sure you have access to your email to confirm your identity. For verification, they may require: A photo with your passport and a sheet of paper with the current date. Details of your last activity on the exchange (e.g., time and amounts of transactions).
- If the account is blocked Bybit may temporarily block an account due to suspicious activity. In this case:
Contact support. Provide the required documents to recover access.
7.3 When can bonuses be withdrawn?
Bybit often offers bonuses for registration or participation in promotions, but the conditions for using them may not be clear to beginners.
Main rules for using bonuses: Bonuses cannot be withdrawn directly: They are used to pay commissions or as initial capital for trading. How to turn the bonus into real money: Earn profit from trading with bonus funds. Only the earned profit can be withdrawn, the bonus remains on the platform. Checking bonus conditions: Go to the "Bonus Center" in your account. Review the bonus usage rules (e.g., minimum trading volume requirements). Recommendation: If you're unsure about the bonus conditions, clarify the details with support to avoid misunderstandings.
7.4 Additional tips for resolving issues Always check your email for accuracy: Ensure you're using a valid email address and a verified phone number. Keep access to backup keys: If you use 2FA, write down or take a photo of the backup recovery codes. Regularly update your passwords: Use strong passwords and change them every 3-6 months. Stay calm: Most problems can be solved through technical support if you provide all the necessary information.
Section 8: Conclusion
Congratulations on successfully completing the course! We’ve covered all the key steps necessary to begin trading on the Bybit exchange and to understand the basics of cryptocurrency trading. Let’s briefly recap the material we’ve gone through and highlight the important points to focus on.
8.1 Introduction to Cryptocurrency
We started with the basics of cryptocurrency and blockchain technology. We understood how the digital market operates, what cryptocurrencies are, and why they play an important role in the modern financial world. This section was essential for providing you with the foundational knowledge of what you will be working with throughout the course.
8.2 Registering on Bybit
We covered the registration process on the Bybit exchange, which was quick and easy. Registering and setting up two-factor authentication (2FA) are important steps to ensure the security of your account.
8.3 Getting Familiar with the Bybit Interface
We thoroughly explored the trading platform interface. We reviewed the main sections, tools, and areas that will help you navigate the trading process. A solid understanding of the interface will save you time in the future.
8.4 Depositing and Withdrawing Funds on Bybit
This section taught you how to deposit and withdraw funds on Bybit. This is a key component of successful trading, and it's important to know how to handle operations with both fiat and cryptocurrency.
8.5 Trading on Bybit
One of the most exciting sections, where we dived into the actual trading process. We studied different types of orders, strategies, and discussed the risks associated with trading. With practical tips and an understanding of trading mechanisms, you now have the knowledge to avoid common mistakes.
8.6 Bybit Features and Tools
The Bybit platform offers many additional tools for analysis and trading. We got familiar with the various features that will help you not only trade effectively but also enhance your results on the platform.
8.7 Frequently Asked Questions (FAQ)
In this section, we addressed common questions that beginners face. We also looked at frequent issues and how to resolve them.
- Keep Learning: The cryptocurrency market continues to evolve, and new opportunities arise every day. It's important to stay up-to-date with trends and platform updates.
- Trade Smartly: Start with small amounts to minimize risks and practice in real conditions.
- Security First: Always use two-factor authentication and other security measures to protect your account.
- Use a Demo Account: When starting out, practice on a demo account to get used to the interface and tools without risking real funds.
Congratulations on completing the course! You now have the knowledge to confidently start working on the Bybit platform and continue your journey toward successful crypto trading. Best of luck with your endeavors!