Your guide to Crypto Trading

First thing's first

To get to the most out of trading crypto, there's only one site i will recommend, and that's Bybit.

Bybit enables you to make the most out of your money, with heavy leverage to maximise profits. Just remember, that the heavier the leverage, the more risk there is to instant liquidation, so be prepared and well educated before taking any risky bets!

 

Step 1: Create an Account To get started with Bybit, the first step is to create an account. Simply go to the Bybit website (bybit.com) and click on the "Sign Up" button at the top right corner of the homepage. You will be asked to enter your email address, create a password, and agree to the terms and conditions. Once you've entered this information, click "Sign Up" to create your account.

 

 

Step 2: Verify Your Account After you've created your account, you will need to verify your identity to comply with regulations and prevent fraud. To do this, click on your username in the top right corner of the page, then click "Account & Security". From there, click "Verify" and follow the instructions to complete the verification process. You may be asked to provide identification documents such as a passport or driver's license.

 

 

Step 3: Deposit Funds Once your account is verified, you can deposit funds into your account. Bybit supports a variety of cryptocurrencies for deposits, including Bitcoin, Ethereum, and USDT. To deposit funds, click on the "Assets" tab at the top of the page, then click "Deposit". Select the cryptocurrency you wish to deposit and follow the instructions to complete the deposit. Note that Bybit requires a minimum deposit of 0.0005 BTC or equivalent in other cryptocurrencies.

 

 

Step 4: Choose Your Trading Pair After you've deposited funds, you can start trading. Bybit supports a variety of trading pairs, including BTC/USD, ETH/USD, XRP/USD, EOS/USD, and more. To choose your trading pair, click on the "Trading" tab at the top of the page, then select the trading pair you want to trade. You can view the price chart and trading indicators to help you make informed trading decisions.

 

 

Step 5: Place a Trade Once you've chosen your trading pair, you can place a trade. Bybit supports both long and short positions, allowing you to profit from both upward and downward price movements. To place a trade, click on the "Trade" button, enter the amount you want to trade, and select your leverage level. Bybit offers up to 100x leverage on some trading pairs, but it's important to note that higher leverage means higher risk. You can also set a stop loss and take profit level to manage your risk. A stop loss is a limit that automatically closes your position if the price of the asset falls below a certain level, while a take profit is a limit that automatically closes your position if the price of the asset rises above a certain level.

 

 

Step 6: Monitor Your Trade After you've placed your trade, you can monitor it in real-time. Bybit provides real-time charts and trading indicators to help you make informed trading decisions. You can also adjust your trade or close it out entirely if you change your mind. To close a trade, simply click on the "Close" button next to the open position

 

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That's it! By following these steps, you can start trading cryptocurrencies on Bybit. As with any investment, it's important to do your research and understand the risks involved.

 

As a final note, i stood with a 10x leverage until i was competent enough to move up, its a risky business using a high leverage, no matter how confident in your trade you are, it's a volatile market and things can soon go south. Be cautious when trading and try to have a certain level of understanding before going too deep.

 

If you'd like to sign up for Bybit, then please click the image below, it'll send you to my affiliate link to sign up. They're always offering brilliant bonus's for first time deposits so that's the perfect place to start!

 

Good luck!