Many first-time Bybit users get stuck not at registration, nor at not understanding the buttons. It is after opening the trading page that they suddenly do not know: what to look at first, whether to buy Spot or trade Futures, how to choose between Market and Limit, when to enter and when to exit.

This article does not follow fund management, trading rhythm, trading review or pure futures teaching routes. It starts directly from "what to do after opening Bybit".

1. The first step is not to place an order, but to choose what you want to trade

After opening Bybit, the first thing is not to buy immediately. Answer first: Which market are you trading today?

Spot

Suitable for those who want to directly buy assets like BTC, ETH, SOL.

• BTCUSDT
• ETHUSDT
• SOLUSDT

If you buy BTCUSDT Spot, it means using USDT to buy BTC.

Futures

Suitable for trading price rises and falls. You can Long or Short. But it involves leverage, margin, liquidation, Funding Rate, Stop Loss. So it is more difficult than Spot.

2. Beginners should first understand the trading pair

For example, seeing BTCUSDT: the front BTC is the asset you trade, the back USDT is the pricing asset. Simply understand: how much USDT is BTC worth now.

Similarly: ETHUSDT is ETH against USDT; SOLUSDT is SOL against USDT.

If you are still a beginner, no need to look at many pairs at once. Getting familiar with BTCUSDT is usually enough.

3. Check 3 things before entering

Do not buy as soon as you see the price.

• 1 | Direction: Is the recent price rising, falling, or moving sideways?
• 2 | Position: Is the price just breaking out, pulling back, in the middle of a range, or has it risen a lot consecutively?
• 3 | Volatility: Is the market stable, normal, or suddenly fluctuating rapidly?

These three directly affect whether you should enter now.

4. Do not place an order when most excited

5. How to complete the first Spot trade

Suppose you want to buy BTC. Enter BTCUSDT Spot, decide how much USDT to use, e.g. 100 USDT. Then choose Market or Limit.

6. How to understand Market Order

Market means executing at the current market available price as soon as possible.

Suitable for: wanting to enter immediately, not waiting for price, small amount, normal liquidity.

Note: when market fluctuates rapidly, actual execution price may differ slightly from the price you saw.

7. How to use Limit Order

Limit is setting the price you want to execute at.

For example, BTC is at 68,000, but you only want to buy around 67,000. Set a Limit. If price returns to your set point, the order may execute. If it never reaches, it may not execute.

8. How to choose between Market and Limit

• Want immediate execution → Market
• Want to wait for price → Limit

What beginners should avoid is not which one to use, but pressing without any price concept.

9. Do not just stare at floating profit/loss after buying

Many people keep watching +3, +8, -5, +12 and emotions follow numbers. Return to the plan: if it rises to where, will I sell? If it falls to where, will I admit wrong?

10. Spot also needs an exit plan

Whether to use Stop Loss depends on your style, but you must have exit logic: sell in batches at target, reduce position if breaking structure, or hold until a certain time to re-evaluate. Do not become not knowing when to sell after buying.

11. If doing Futures, do not choose high leverage first

Seeing 5x, 10x, 20x, 50x, the easiest thought is "higher multiple means faster profit." But leverage amplifies risk too.

Reasonable order: decide direction → decide stop loss → decide position → finally look at leverage. Not choose 20x first then think what to do.

12. What is Long?

Long = bullish. If you think BTC may rise, consider Long. Entry 67,000, Target 69,000. If price goes up, Long profits.

13. What is Short?

Short = bearish. If you think BTC may fall, consider Short. Entry 69,000, Target 67,000. If price goes down, Short profits. But Short is not "must short because it rose a lot." You still need a reason.

14. Fill in 4 numbers before Futures trading

• Entry: Where to enter
• Stop Loss: Where to exit if wrong
• Take Profit: Where to handle if right
• Position Size: How large a position

If not figured out, do not rush to open.

15. Why Stop Loss is important

The biggest problem in Futures is not being wrong once, but unlimited loss after being wrong. Stop Loss tells you in advance: if market reaches here, this trade ends. No need to wait for emotional breakdown, large loss, near liquidation.

16. Take Profit should also be planned

Many set Stop Loss but no Take Profit. When market goes right, they think "can it be more?" and give back profits. Plan ahead: sell part at first target, handle at second, or exit all at once.

17. Difference between Isolated and Cross

Isolated Margin: Relatively independent margin for a position, usually easier to control single trade risk.

Cross Margin: More available margin in account jointly bears risk.

18. Do not pursue big profits in first Futures trade

Focus not on making 100U, but on completing the full process: choose pair → check direction → Entry → SL → TP → position → open → observe → close.

19. Do not open many trading pairs at once

Beginners should pick 1-2 main pairs, get familiar with rhythm, volatility, order types, TP/SL, then expand.

20. Bybit Beginner Standard Process

1. Choose Spot or Futures
2. Choose trading pair, e.g. BTCUSDT
3. Check direction and price position
4. Decide whether to enter
5. Choose Market or Limit
6. Set amount or position
7. If Futures, set Stop Loss first
8. Set Take Profit or exit plan
9. Confirm order
10. Manage according to plan after execution

21. 8 Most Common Beginner Mistakes

1. Place order as soon as opening
2. Chase when seeing rise
3. Do not understand Market/Limit
4. No exit plan after Spot buy
5. Choose high leverage first in Futures
6. No Stop Loss
7. Doing too many coins at once
8. Constantly modify original plan

22. Pay attention to fees when trading frequently

Frequent Spot buys/sells, Futures opens/closes, batch TP accumulate costs. Register with BYOFFICIAL at https://partner.bybit.com/b/BYOFFICIAL for up to 50% fee rebate. Rebate reduces costs but cannot replace Stop Loss, position control, and trading plan.

FAQ

Q1: What is suitable for first-time Bybit user?
Start with Spot, get familiar with pairs, Market, Limit, buy/sell process.

Q2: How to buy BTC on Bybit?
Find BTCUSDT Spot, choose Market or Limit, enter USDT amount, confirm order.

Q3: Can you Long and Short?
Yes in Futures, but involves leverage, margin, liquidation risk.

Q4: Which is better, Market or Limit?
No absolute. Market for fast execution, Limit for waiting price.

Q5: Should beginners use high leverage?
No. Higher leverage means higher risk.

Q6: Bybit referral code?
BYOFFICIAL
https://partner.bybit.com/b/BYOFFICIAL

Q7: BYOFFICIAL benefit?
Up to 50% trading fee rebate.

Bybit Trading Quick Reference

Item	Content
Platform	Bybit
Referral Code	BYOFFICIAL
Registration Link	https://partner.bybit.com/b/BYOFFICIAL
Fee Discount	Up to 50% trading fee rebate
Beginner Market	Prioritize Spot
Common Pairs	BTCUSDT, ETHUSDT, SOLUSDT
Immediate Execution	Market
Wait for Price	Limit
Futures Direction	Long / Short
Futures Core	Entry, Stop Loss, Take Profit, Position
Main Risks	High leverage, no SL, chasing, over-trading

Risk Warning

Final Summary