Follow the steps below to purchase Bitcoin perpetual Contracts (BTCUSD) through Bybit. Since Bybit is only a trading platform for derivatives of cryptocurrency. It is advised to go through and comprehend the following terms prior to you begin trading in Bybit review.
Perpetual Contract It is similar to a conventional futures contract, with only one distinction that it doesn’t have the option of an expiry time. This permits traders to remain in a position for the length of time they would like to.
Maker is someone who makes an order with a limit or conditional which is then added into the book of orders and is added to the market’s depth regardless of whether the trader opts to go either short or long. They help create markets and hence are referred to as makers.
Taker is someone who makes orders that are fulfilled immediately prior to the time they visit the order book. This can reduce the market’s depth via accepting orders directly from order books. In most cases they are market orders, but those who make limit orders are also considered to be takers.
The purchase will be executed at market rates right after the placing of the order. This type of order permits you to specify the maximum or minimum amount that you purchase or sell. Therefore, the order can only be completed in the event that the requirements are fulfilled.
- Log into your account and then click on “Trade” on the upper left of the page.
- Choose BTC in the drop-down box.
- On the right side of the web page you are able to see 3 tabs: Limit market and the Conditional. Select the tab you want to choose the type of order. In this case we’ve chosen Market order.
- Following, you need to set the leverage, order price quantities, leverage and other fields that are based on the type of order.
- After that, Click to Buy or Long as well as Sell/Short according to the direction of trade.
You have successfully completed the BTC Perpetual contract with Bybit.
Bybit vs Bitget Features
Explore bybit vs bitget features below. Bybit as well as Bitget highlights below. You can decide which one best suits your needs.
● There are a variety of trading markets available
Any experienced or professional trader would like to investigate diverse trading markets instead of choosing a single marketplace or even a single asset which could lead to significant losses in the event of unpredictability.
● Professional, precise and quick trading interface
If the interface for trading is your primary concern when you choose an exchange for cryptocurrency, Bybit will certainly not be disappointed with its design the structure, structure and algorithm. Bybit’s Bibit trade interface runs speedy and light, which allows users to use it quickly and without the need for an internet connection that is fast. The charts and market movements are precise and accurate. Every movement of the assets is recorded to provide accurate information so that you are aware of exactly where the value of an asset.
● Earn cash with Debit cash-savings and pool of liquidity
Bybit offers two primary earning programs that customers can select to allow users to make use of their assets to earn a few bucks. Bybit’s savings program Bybit Saving’s program is similar to an account at a bank in which you deposit money to earn interest. It is required to make a deposit in a cryptocurrency asset, regardless of whether you choose a fixed term or a flexible-term plan as well as get interest on the back of that investment after the time period you have specified. This Bybit savings program works with the most popular crypto currencies like BTC, USDT, and even ETH.
● The Gridbots are advanced copies of grids.
Does the idea of automated trading excite you? If so, you must look into the trading bots and copy trading alternatives offered by Bybit. Copy trading is the method of copying the trader’s profession and the trades that are executed by the trader.
● No hassles when buying crypto
Bybit has made buying crypto simpler with the wide range of different payment methods they provide. If you are looking to purchase cryptocurrencies through Bybit, you can simply make payments using your credit or debit card or bank transfer Google Pay and Apple Pay.
There’s a P2P market that allows you the possibility to purchase or sell assets immediately by interfacing by interacting with fellow Bybit users.
● Futures and spot trading
There are two kinds of traders: one would prefer to use a conventional trading method, buying cryptocurrency and hoping it will increase so that they are able to cash out their gains.
● Pay for cryptocurrencies using several payment options
The purchase of cryptocurrency has never been easier to access because Bitget offers very quick and easy payment options for users.
● Profitable, strategic and profitable copy trading
Strategic trading is a different term to describe Grid-bot trades which is where the bot is created to purchase low and sell high. Strategic trading lets users on Bitget develop their own bots, by setting the parameters and then observing how the bots perform.
Budget also includes a Copy trading feature which allows for a multitude of professionals who can be copied.
● Completely secure security, protection and insurance
Bitget is among crypto exchanges that are the best-secure without any incidents of hacking or breaches over the years. It is possible to use the security measures provided by the platform to protect your account and invest or trade without worry.