🔥 Trade with Bybit: partner.bybit.com/b/999btc ($30,800 BONUS 💰)
Today's video is all about mastering Bybit exchange right from your phone in just 10 minutes. Whether you're a newbie or seasoned trader, I've got you covered with everything you need to know about navigating Bybit.
First things first, let's fund our exchange wallet via peer-to-peer (P2P). We'll dive into the P2P section, find a suitable seller, and purchase USDT for rubles. It's essential to choose a seller with a high level of positive transactions and convenient payment methods within your desired limits.
Once funds are deposited into Bybit, they'll sit in our general wallet. Bybit offers separate funding and unified trading accounts. The unified trading account is pivotal for spot trading, futures, and other trading operations.
Heading over to the spot section, we'll initiate a transfer from the funding account to the unified trading account. Now, we're all set to purchase any desired currency. Buying Bitcoin is as simple as clicking the buy button, either at market price or with a limit order.
Selling Bitcoin follows a similar process. For futures trading, we navigate to the trading tab. Futures trading entails significant risks since we're trading with borrowed funds. Here, we speculate on whether the price will rise or fall, considering factors like margin and leverage.
While higher leverage can amplify profits, it also escalates the risk of liquidation, where we lose all assets in the trade. It's advisable for beginners to opt for isolated margin trading.
Keywords: Bybit exchange tutorial, Crypto trading for beginners, Trading bots setup, Futures trading strategies, Leveraged trading risks, Peer-to-peer funding, Spot trading basics