Before trading contracts, understand the rules first
Contract trading is not the same as simply buying crypto.
Spot trading means buying BTC, ETH, SOL or other assets and holding them.
Contract trading means using margin to trade price direction. You can go long, go short, and use leverage.
If you want to trade contracts on Bybit, the first step is not opening a position immediately.
The first step is to confirm:
Your account is registered with the correct referral code.
Your account is linked to the trading fee rebate.
You understand leverage, margin, liquidation and stop loss.
The biggest risk in contract trading is not being wrong once.
The biggest risk is using large size without understanding risk control.
🔑 Bybit Referral Code and Registration Link
Bybit Referral Code:
BYOFFICIAL
Bybit Registration Link:
https://partner.bybit.com/b/BYOFFICIAL
Registering with BYOFFICIAL gives access to:
✅ Up to 50% trading fee rebate
✅ Bybit contract trading access
✅ USDT perpetual contracts
✅ BTC, ETH, SOL and other major contract pairs
✅ Spot trading access
✅ Copy Trading features
✅ Bybit Web3 Wallet
✅ Beginner tasks and reward campaigns
Before registration, confirm the referral code:
BYOFFICIAL
Registration link:
https://partner.bybit.com/b/BYOFFICIAL
1. What is Bybit contract trading?
Bybit contract trading means:
You are not directly buying a coin. You are trading the price direction of that asset.
For example, with BTCUSDT contracts:
If you think BTC will rise, you can open long.
If you think BTC will fall, you can open short.
This is the biggest difference between contracts and spot.
Spot trading usually relies on price rising after you buy.
Contract trading allows you to look for opportunities in both rising and falling markets.
But contract trading is higher risk because it involves:
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margin
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leverage
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liquidation
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funding rate
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trading fees
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take profit and stop loss
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position management
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emotional control
So beginners should not ask only how much they can make.
They should first ask how much risk they can accept.
2. Why does rebate matter in contract trading?
Contract trading is usually more frequent than spot trading.
You may often:
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open long
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open short
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close positions
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take profit
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stop loss
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add positions
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reduce positions
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trade short-term moves
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switch between long and short
Every action may generate trading fees.
If you only buy spot occasionally, fees may not feel obvious.
But if you trade contracts often, fees become a long-term cost.
Use the Bybit referral code:
BYOFFICIAL
Register through this link:
https://partner.bybit.com/b/BYOFFICIAL
You can access:
Up to 50% trading fee rebate
This may help reduce part of your trading cost.
But remember:
A rebate does not guarantee profit.
It only reduces trading fees. It does not mean every contract trade will make money.
3. Basic process for trading contracts on Bybit
Step 1: Register a Bybit account
Open the registration link:
https://partner.bybit.com/b/BYOFFICIAL
Check whether the referral code is shown as:
BYOFFICIAL
If the referral code does not appear on the page, reopen the link.
Referral codes usually need to be bound during registration, so do not skip this step.
Step 2: Complete identity verification and security settings
After registration, complete account security first.
Recommended settings:
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identity verification
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Google Authenticator
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email verification
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mobile verification
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anti-phishing code
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fund password
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withdrawal address whitelist
Contract trading involves real funds, so account security should come before trading.
Step 3: Prepare USDT
Beginners usually start with USDT perpetual contracts.
Before trading, check:
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whether USDT has arrived
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whether funds need to be transferred to the contract account
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how much available margin you have
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whether contract trading is enabled
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whether you have read the risk warning
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whether you understand liquidation rules
For the first trade, start small.
Do not open a large position immediately.
Step 4: Choose a contract pair
Beginners can start with major pairs such as:
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BTCUSDT
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ETHUSDT
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SOLUSDT
Major pairs usually have better liquidity and more market information, making them easier for beginners to study.
It is not recommended to start with low-liquidity small-cap contracts because they may have larger slippage, faster volatility and wider spreads.
4. Isolated margin vs cross margin
1. Isolated margin
Isolated margin means each position uses separate margin.
The benefit is that the risk of one position is clearer.
For example, if you open a BTCUSDT long position, the risk is mainly limited to the margin assigned to that position.
This is easier for beginners to understand and manage.
2. Cross margin
Cross margin uses available funds in your account to support the position.
It may look like the liquidation price is farther away.
But it also means more funds may be exposed to the same risk.
Beginners should not assume cross margin is safer.
Without a clear plan, cross margin may increase total loss exposure.
5. How to set leverage
The higher the leverage, the higher the risk.
High leverage makes the liquidation price closer to the current price. Even a small move against your position may cause a large loss.
Beginners should start with low leverage.
Before opening a position, check:
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How much can this trade lose at most?
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Where is the stop loss?
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Where is the liquidation price?
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Is the position too large?
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Am I entering because of market emotion?
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Have I planned take profit and stop loss?
Low leverage is not weakness.
It gives you more room for risk control.
6. Common Bybit contract order types
1. Market order
A market order fills quickly at the current market price.
Advantages:
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fast execution
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simple operation
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suitable for urgent entry or exit
Disadvantages:
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slippage may happen during volatile markets
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final execution price may be slightly different from the price you saw
2. Limit order
A limit order lets you set your preferred execution price.
The order only fills when the market reaches your selected price.
Advantages:
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better control over entry price
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useful near support or resistance
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helps avoid emotional chasing
Disadvantages:
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the order may not fill if price does not reach your level
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you may miss the market move
3. Conditional order
A conditional order is triggered only when the price reaches a specified condition.
It is commonly used for:
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planned entries
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take profit
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stop loss
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breakout trading
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avoiding emotional orders
For beginners, learning conditional orders and stop-loss orders is more important than only knowing market orders.
7. How to understand long and short
Long
If you think the price will rise, you can open long.
For example, if BTC pulls back near a support zone and begins to show signs of rebound, you may study a long setup.
Before opening long, confirm:
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entry reason
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stop-loss level
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target price
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position size
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leverage
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liquidation price
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whether major news or data is coming
Short
If you think the price will fall, you can open short.
For example, if a coin rebounds near resistance but fails to break higher, you may study a short setup.
But shorting also has risk.
If the market suddenly pumps, short-position losses can increase quickly.
Whether you go long or short, set risk control first.
Profit comes after risk management.
8. Risk control methods for beginners
1. Look at possible loss first
Before opening a position, ask yourself:
If this trade is wrong, how much can I accept losing?
If you cannot answer clearly, the trade is not planned well enough.
2. Always set a stop loss
A stop loss is not admitting defeat.
It is risk control.
Contract trading without a stop loss can turn a small loss into a large loss.
3. Do not go all in
Going all in is dangerous in contract trading.
If the market moves against you, you will have no room to adjust.
Beginners should keep part of their funds available instead of putting everything into one position.
4. Do not add emotionally after losses
Adding to a losing position without a plan can quickly make risk uncontrollable.
If adding is not part of your original plan, do not add just because you want to recover losses.
5. Reduce position size before major market events
Markets may move sharply around:
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CPI
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FOMC
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non-farm payrolls
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BTC ETF-related news
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U.S. market opening hours
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sudden regulatory news
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major exchange announcements
Beginners should reduce position size or wait during these periods.
9. Common beginner mistakes
Mistake 1: Treating contracts like spot
Spot assets can be held long-term.
Contracts involve leverage, margin and liquidation risk, so they cannot be managed with spot logic.
Mistake 2: Starting with high leverage
High leverage may look like fast profit, but losses also become faster.
Beginners should use low leverage first to understand the rules.
Mistake 3: Ignoring liquidation price
After opening a position, always check the liquidation price.
If the liquidation price is too close to the current price, the risk is high.
Mistake 4: Chasing market movement
Going long only because price is rising, or going short only because price is falling, can lead to poor entries.
Have a plan before opening any position.
Mistake 5: Treating rebate as protection
The 50% rebate only reduces trading fees.
It cannot prevent losses and cannot guarantee profit.
10. FAQ
Q1: What is the Bybit referral code for contract trading?
Bybit referral code:
BYOFFICIAL
Registration link:
https://partner.bybit.com/b/BYOFFICIAL
Q2: What benefit does BYOFFICIAL provide?
Registering with BYOFFICIAL gives access to:
Up to 50% trading fee rebate
It is suitable for users who want to trade BTC, ETH, SOL spot and contracts.
Q3: What is the difference between Bybit contracts and spot?
Spot means directly buying the asset.
Contracts use margin to trade price direction. You can go long, go short, and use leverage.
Contracts are riskier than spot.
Q4: Can beginners trade Bybit contracts?
Beginners can learn contract trading, but should not start with large size or high leverage.
A safer approach is small size, low leverage, and isolated margin.
Q5: What is liquidation?
Liquidation may happen when your position loses too much and the margin is no longer enough to maintain it.
Liquidation usually means the trade has already suffered a large loss.
Q6: Does the 50% rebate mean guaranteed profit?
No.
The 50% rebate is only a trading fee benefit.
It does not guarantee profit.
11. Quick summary
| Item | Details |
|---|---|
| Exchange | Bybit |
| Topic | Contract trading guide |
| Referral Code | BYOFFICIAL |
| Registration Link | https://partner.bybit.com/b/BYOFFICIAL |
| Rebate Benefit | Up to 50% trading fee rebate |
| Common Contracts | USDT perpetual contracts |
| Beginner Pairs | BTCUSDT, ETHUSDT, SOLUSDT |
| Suggested Method | Small size, low leverage, isolated margin, stop loss first |
| Main Risks | Leverage, liquidation, slippage, funding rate, emotional trading |
12. Risk warning
Bybit contract trading is high-risk.
Before trading, remember:
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leverage increases both profit and loss
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liquidation may happen quickly
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a 50% rebate does not guarantee profit
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market orders may have slippage
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perpetual contracts may involve funding rates
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cross margin may expose more funds to risk
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do not borrow money to trade
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do not go all in
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do not trade without stop loss
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do not add to losing positions emotionally
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do not place large orders before understanding the rules
Trade according to your own capital, experience and risk tolerance.
Conclusion
If you want to trade contracts on Bybit, register with the correct referral code first, bind the up to 50% trading fee rebate, and start with small size, low leverage and isolated margin.
Bybit Referral Code:
BYOFFICIAL
Bybit Registration Link:
https://partner.bybit.com/b/BYOFFICIAL
Key points:
🔥 Trade BTC, ETH, SOL and other major contracts
🔥 Use BYOFFICIAL for up to 50% trading fee rebate
🔥 Beginners can start with USDT perpetual contracts
🔥 Use small size, low leverage and isolated margin first
🔥 Always check stop loss, liquidation price and position size before entry
🔥 Rebate can reduce cost, but cannot guarantee profit
Before registration, confirm again:
Referral Code:
BYOFFICIAL
Registration Link:
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