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If you have a Bybit TR account, have completed KYC and also have assets in your account, you can start Spot trading. Spot trading offers over 200 pairs and trade order types, depending upon your risk tolerance. The whole trading experience can be done on both web and mobile.
Key Takeaways:
Bybit TR offers over 200 Spot pairs, which you can trade via the web and App.
Trading fees start at 0.1% for spot pair trading. As your VIP level increases, the trading fees for market makers and market takers decrease.
Pending trade orders are listed under the Open Orders tab, and traders can cancel or update their pending orders if they wish.
There are basic and advanced order types on Bybit. Click here to find out more about each order type.
The Market order must match the current Spot price. If the filled price is above or below the price limit, the portion exceeding it is considered invalid, and the transaction is completed at the actual Spot price.
When placing a buy order with a Limit order, if the amount you enter is higher than the market price, the transaction will not be executed. For Limit orders, the buy order must be below the market price, and the sell order must be above it. If the Price Correction settings is enabled, the order prices will automatically be adjusted.
Market Orders, Conditional Orders, Stop Loss/Take Profit Orders, OCO Orders and Strategy Orders will not be supported for the first five minutes after a new crypto listing on Bybit TR.
Limits are available for all Spot trade orders. The maximum order units for Limit and Market Orders differ. For RPI and Post-Only Orders, the cap limit is five times the maximum order unit for a Limit Order. Bybit TR periodically updates these rules.
A 0.1% Spot fee is taken from both non-VIP maker and taker users in Spot trading transactions. Spot fees decrease proportionally as the VIP level increases. VIP levels are based on your asset balance or last 30-day trading volume.
There are a total of 13 different VIP levels available, with Spot fees ranging from 0.015% to 0.1% for market takers and from 0.005% to 0.04% for market makers. Traders who provide liquidity by creating buy and sell orders are classified as market makers.
Step 1: Visit the official Bybit TR website and click on the Log In button to access your account.
Hover over the Trade category in the upper-left corner, and click on Spot under the Trading tab.
If you don't yet have an asset in your account to trade click on Deposit in the top-right corner. Transfer crypto from a different crypto wallet to your Bybit TR account, or deposit TRY.
Step 2: Now, click on the crypto pair in the upper-left corner of the page and select your preferred pair. After selecting, click on the Buy or Sell button, depending upon the transaction in the Trade section on the far right.
The next step is to choose your order type. The common order types are as follows:
Limit: Specify the upper or lower price limit for the crypto pair and make your order. When the target price you set is reached, the order will automatically be executed and credited to your account.
Market: Specify the trade amount, and then place a buy or sell order. Once you do this, the order will be executed at the current market price.
On the right side of the chart in the Order Book, you can see the real-time buy and sell orders for the crypto pair in the market. Green orders represent buy orders, while red orders represent sell orders.
Step 3: Spot orders in order types outside the market will appear at the bottom of the page under Open Orders.
If you have an order that hasn’t yet been executed, you can cancel it from this section. There’s no fee for canceling orders.
Step 1: First, download the Bybit TR app from the App Store or Google Play. Once the download is complete, log in to your existing account.
If you haven't yet created an account, open the Bybit TR app, click on Sign Up, fill out the form and then complete KYC. To perform Spot pair transactions, transfer crypto directly to your account or transfer TRY from your local bank.
Step 2: Tap on the Pro button located at the top of the page in the Home tab.
Alternatively, you can buy or sell by clicking on the Trade button in the Lite section, which provides a simplified interface via the bottom navigation.
Step 3: Now, click on the Trade button in the navigation.
If you haven't yet decided which asset to trade, Bybit TR shares live market data on this page. This allows you to observe the market and make an informed decision.
Step 4: On this page, tap on the crypto pairs (e.g., DOGE/USDT, ETH/TRY, BTC/USDT) located under the Spot tab at the top of the page.
Select the asset pair you wish to trade, and tap on the Buy or Sell button located below the chart.
The right side of the page displays real-time trading data (price orders and trading volume). Green bars represent buy orders placed by traders, while red bars represent sell orders.
If you haven’t yet started trading but wish to track coin prices, you can tap on the bell button at the top of the page, located to the right on the same line as Chart and Overview.
Step 5: Specify the cryptocurrency you wish to trade, your order type and the trade amount. Tap on the pair (such as ETH/TRY, BTC/USDT) located under the Spot tab at the top of the page.
Select the pair of the crypto you want to trade. After that, choose the order type. Common order types on Bybit TR are listed below:
Market: A Market Order involves buying or selling a cryptocurrency at its current market price. You’ll need to specify the trade amount, and tap on the Buy or Sell button.
Limit: A Limit order is an order placed for trading at a price that the relevant crypto is expected to reach. If you think the price will rise or fall, select a price lower or higher than the market price of the asset in the Price section and create a trade order.
Step 6: After picking the order type, trade amount and trading preference, tap on the Buy or Sell button. Trading fees apply to Spot trades. Bybit TR trading fees increase or decrease, depending upon your VIP level.
Bybit TR offers users Spot trading on both the web and App, featuring over 200 crypto pairs, with a trading fee of 0.1% for non-VIP users. If you're a VIP user, the higher your VIP level, the lower your trading fees will be. Based on their risk tolerances, users can trade various cryptocurrencies, with different chart designs and order types available.
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Disclaimer: The above content is strictly for informational purposes only. Content published by Bybit TR shall not, under any circumstances, be construed as financial advice, nor is Bybit TR advocating users to invest in any form of crypto assets. Information about any product or service published on Bybit TR’s website or application shall not be considered as redirection to purchase such product or service. Users intending to use the mentioned products or services are advised to seek professional guidance before making any investment and to carefully assess potential risks in deciding whether to use such products or services. Content prepared by Bybit TR for the purpose of providing news or informational updates about crypto asset service providers established abroad shall not be construed as redirection to these platforms, nor as marketing of their products or services. This content may be translated into other languages. In any case of translation inaccuracy, the English version will prevail.