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Bybit Beginner Guide

2026/09/23 20:26

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Registration, Deposit, Buy Crypto, Trading, and Withdrawal Explained

Bybit Referral Code: BYOFFICIAL
Registration Link: https://partner.bybit.com/b/BYOFFICIAL
Up to 50% Trading Fee Rebate

If you are using Bybit for the first time and do not know where to begin, you can follow this guide step by step.

The basic process is simple:

Create Account → Complete Verification → Deposit Funds → Buy USDT / BTC → Start Trading → Withdraw Assets

What is Bybit?

Bybit is a cryptocurrency trading platform that supports BTC, ETH, SOL, USDT, and other digital assets.

Common features include:

Spot Trading
Buy and sell assets such as BTC, ETH, and SOL directly.

Contract Trading
Trade both rising and falling markets with long and short positions, with leverage available.

Asset Conversion
Convert supported cryptocurrencies within the platform.

Web3 Wallet
Manage supported on-chain assets and access Web3 applications.

For beginners, it is usually better to understand spot trading first before moving into contract trading.

Who is Bybit suitable for?

01｜Crypto Beginners

If you want to learn how to buy BTC, ETH, or SOL, you can start with spot trading.

02｜Users Who Want Lower Trading Costs

If you plan to trade frequently, binding the correct referral code during registration can help reduce part of your long-term trading fee cost.

03｜Users Interested in Spot + Contracts

If you want to use both regular crypto trading and long/short contract trading, you can learn these functions gradually within the same platform.

01 How to Register on Bybit

Step 1: Open the Registration Link

Go to:

https://partner.bybit.com/b/BYOFFICIAL

Confirm that the referral code shows:

BYOFFICIAL

Registering through this referral code gives access to:

Up to 50% Trading Fee Rebate

It is better to confirm the referral code before creating the account.

Step 2: Create Your Account

Follow the registration page using:

Email
Mobile number

For your password:

do not reuse passwords from other platforms
use a combination of uppercase letters, lowercase letters, and numbers
avoid simple birthdays or repeated numbers

Step 3: Complete Identity Verification

After registration, follow the instructions in your account to complete identity verification.

This may include:

identity document
facial verification
basic personal information

Available features may vary depending on region and account eligibility.

Step 4: Set Up Account Security

Before depositing funds, it is recommended to complete:

Google Authenticator
email verification
mobile verification
anti-phishing code
fund security settings
withdrawal address whitelist

Secure the account first, then deposit funds.

02 How to Deposit Funds

There are several common ways to fund a Bybit account.

Method 1｜Transfer USDT From Another Wallet or Exchange

If you already own USDT, you can transfer it to Bybit.

Before transferring:

1. Select the correct asset
For example, USDT.

2. Select the correct network
The sending platform and Bybit deposit network must match.

3. Copy your Bybit deposit address

4. Test with a small amount first

For a new address, send a small test amount before transferring a larger balance.

Method 2｜Use Supported Crypto Purchase Methods

Depending on your region and account availability, Bybit may provide supported fiat or crypto purchase methods.

Before using them, check:

payment method
exchange rate
fees
estimated arrival time
verification requirements

03 How to Buy BTC on Bybit

Once you have USDT in your account, you can use it to buy BTC.

Go to the spot trading section and search:

BTCUSDT

This means:

Buying BTC with USDT.

Method 1｜Market Buy

Enter the amount you want to purchase and choose a Market Order.

The order will execute at the available market price.

Suitable for:

first-time users
small purchases
users who want fast execution

Keep in mind:

Slippage may occur during periods of high volatility.

Method 2｜Limit Buy

If you do not want to buy at the current price, you can set your preferred purchase price.

For example:

If BTC is trading higher than your target, you can place a limit order at a lower level.

The order will only execute if the market reaches your selected price.

04 How to Trade Contracts

After you are familiar with spot trading, you can start learning contract trading.

Common pairs include:

BTCUSDT
ETHUSDT
SOLUSDT

Contract trading allows you to:

Go Long

If you believe the price may rise, you can study a long setup.

Go Short

If you believe the price may fall, you can study a short setup.

Important Things to Check Before Contract Trading

Leverage

Higher leverage increases both potential profit and potential loss.

Margin

Margin is the capital used to maintain a contract position.

Liquidation Price

If the market moves significantly against your position, liquidation may occur.

Stop Loss

Before opening a position, decide how much loss you can accept.

For beginners:

Small Position + Low Leverage + Stop Loss First

Avoid using all your funds or excessive leverage at the beginning.

05 How to Withdraw Assets

If you want to transfer USDT, BTC, or other assets to another wallet, use the withdrawal function.

The basic process is:

1｜Choose the Asset

For example:

USDT

2｜Enter the Receiving Address

Double-check the address carefully.

3｜Select the Network

This step is very important.

The sending network and receiving network must match.

4｜Confirm Amount and Fees

Check:

withdrawal amount
network
withdrawal fee
final amount received

5｜Complete Security Verification

Follow the account security prompts and submit the withdrawal.

For a new address, it is better to:

Test a Small Amount Before Sending a Large Transfer

Why Use BYOFFICIAL?

If you regularly:

buy BTC
sell BTC
trade ETH
trade SOL
trade contracts
open and close positions
use take profit
use stop loss

trading fees can accumulate over time.

BYOFFICIAL

through:

https://partner.bybit.com/b/BYOFFICIAL

to access:

Up to 50% Trading Fee Rebate

The main purpose of the rebate is:

to reduce part of your trading fee cost.

It does not guarantee profitable trading.

Beginner Tips

Start Small

For your first deposit, trade, or withdrawal, use a small amount to test the process.

Learn Spot First

Understand BTCUSDT, ETHUSDT, and other basic spot markets before moving to contracts.

Do Not Go All In

Avoid putting all available funds into one trade.

Use Stop Loss for Contracts

Especially when leverage is involved, decide your maximum acceptable loss before entering.

Double-Check the Network Before Withdrawal

Using the wrong address or network may result in funds being difficult or impossible to recover.

Important Notes

Account Security

Never share your password, verification codes, private key, or seed phrase with anyone.

Trading Risk

BTC, ETH, SOL, and other cryptocurrencies can experience significant price volatility.

Contract Risk

Leverage can magnify both profit and loss, and liquidation may occur.

On-Chain Transfers

Always confirm the address and network. A small test transfer is recommended.

Rebate

Up to 50% trading fee rebate is a fee benefit only. It does not guarantee profit.

Bybit Quick Information

Item	Details
Platform	Bybit
Referral Code	BYOFFICIAL
Registration Link	https://partner.bybit.com/b/BYOFFICIAL
Fee Benefit	Up to 50% trading fee rebate
Common Assets	BTC, ETH, SOL, USDT
Beginner Approach	Learn spot first, contracts later
Contract Tip	Small size, low leverage, stop loss
Withdrawal Tip	Always verify address + network