BYBIT EXCHANGE FEATURES: REVIEW + BUY ON SPOT
«Altseason — Invite Only»
CRYPTO CAMP ACADEMY
VIDEO-INSTRUCTION
REGULAR AND UNIFIED ACCOUNT
Since September 2023, Bybit will transition new and existing users to the Unified Trading Account (UTA). This transition simplifies asset management by allowing cross-product collateral with multiple assets through a single account. Let’s look at the differences between a standard account and the UTA.
Аккаунт
Regular
UTA
Management accounts
1. Funding Account
2. Spot Account
3. Derivatives Account
4. Derivatives USDC Account
1. Funding Account
2. Unified Trading Account (UTA)
3. Inverse Derivatives Account
Deposit/
Withdraw
Withdraw
Can be withdrawn with:
1. Funding Account
2. Spot Account
Can be withdrawn with:
- Funding account
Spot trading
Can be with:
- Spot Account
Can be with:
- Unified Trading Account (UTA)
Derivatives trading
Can be with:
- Derivatives Account
Can be with:
- Unified Trading Account (UTA)
BYBIT Exchange Account Overview
Funding Account (Regular and Unified )
Bybit Funding Account
The Bybit Funding Account is the main platform that provides users with a secure and efficient way to deposit and withdraw crypto and fiat assets. It also gives users access to a full range of financial products and trading tools, equips traders with the necessary resources to navigate the crypto market effectively, and enhances their trading experience.
The main products and services routed through the Funding Account include:
The Bybit Funding Account is the main platform that provides users with a secure and efficient way to deposit and withdraw crypto and fiat assets. It also gives users access to a full range of financial products and trading tools, equips traders with the necessary resources to navigate the crypto market effectively, and enhances their trading experience.
The main products and services routed through the Funding Account include:
- Deposits are credited to the Funding Account. Users can also set up automatic transfers to move funds to other accounts, such as Spot or Derivatives accounts.
- Withdrawals require users to transfer assets to the Funding Account first.
- NFT transactions, including both purchases and sales, go through the Funding Account. Any spending on purchases or income from sales is processed via this account.
- Subscriptions and Launchpad participation require users to transfer their MNT or USDT to the Funding Account.
- Trading bots require funds to be moved to the Funding Account before use.
- Copy trading: User funds automatically return to the Funding Account once the user cancels the copy of a master trader and all positions are closed.
- Other fiat services, such as One-Click Buy, P2P, fiat deposits and withdrawals, or Bybit cards, all funds flow through the Funding Account.
Номер
description
1
Total equity includes the sum of all crypto and fiat assets held in the Funding Account and is calculated in BTC and your selected fiat currency. The system first converts all assets to USD and then converts them back into BTC and the equivalent of your chosen fiat currency.
2
Frozen balance refers to assets that are temporarily locked in the following cases: P2P orders, fiat withdrawals, Launchpad project subscriptions, and others.
3
Deposits, Withdrawals, and Transfers
- To deposit cryptocurrency, click Deposit (instruction).
- To withdraw cryptocurrency to an external wallet or transfer to other Bybit users, click Withdraw (instruction).
- To transfer assets from the Funding Account to another account (Derivatives, Spot, or others), click Transfer (instruction).
- To convert your coins directly on Bybit for any supported cryptocurrency, click Convert (instruction).
4
Action: In this column, the actions you can perform with the corresponding cryptocurrency or fiat currency are listed — buy, sell, transfer, swap, deposit, or withdraw. To execute the desired action, a single click is sufficient.
5
History
Go to the History tab in your Funding Account or Spot Account to view the deposit history (both fiat and cryptocurrency) before the Funding Account update.
Go to the All Transactions tab to check the transaction log of the Funding Account after the update. Here, all transactions and balance changes of the Funding Account will be displayed.
Go to the History tab in your Funding Account or Spot Account to view the deposit history (both fiat and cryptocurrency) before the Funding Account update.
Go to the All Transactions tab to check the transaction log of the Funding Account after the update. Here, all transactions and balance changes of the Funding Account will be displayed.
SPOT ACCOUNT (Regular account)
Spot Account on Bybit
A Spot Account on Bybit is designed for secure and convenient cryptocurrency deposits and withdrawals. It also provides users with access to a wide range of financial products on the spot market and the necessary resources to navigate the crypto market confidently and improve trading skills.
Note that the Spot Account on Bybit is available only within the Standard Account.
Key Features of the Spot Account:
A Spot Account on Bybit is designed for secure and convenient cryptocurrency deposits and withdrawals. It also provides users with access to a wide range of financial products on the spot market and the necessary resources to navigate the crypto market confidently and improve trading skills.
Note that the Spot Account on Bybit is available only within the Standard Account.
Key Features of the Spot Account:
- Spot trading, margin trading, and leveraged tokens: These features are available on the Standard Account. For users on the Unified Trading Account (UTA), these features are combined into the UTA.
- Crypto loans and Bybit Lending: These services are accessible via the Spot Account within the Standard Account.
Номер
Description
1
This toggle enables or disables spot margin trading. When it is turned off, you trade only with your own funds and cannot borrow assets. When it is turned on, you can use borrowed funds to trade with leverage, which increases both potential profits and risks.
2
Total Equity
Total equity shows the total value of all cryptocurrencies and fiat assets held in the spot account, denominated in BTC and the selected fiat currency.
The system first converts all assets into USD and then into BTC. The conversion is based on the spot market price or the index price (if the spot price is unavailable) and the selected fiat currency equivalent based on the exchange rate provided by Yahoo Finance.
Total Equity = Available Balance + Total Frozen Assets.
Total equity shows the total value of all cryptocurrencies and fiat assets held in the spot account, denominated in BTC and the selected fiat currency.
The system first converts all assets into USD and then into BTC. The conversion is based on the spot market price or the index price (if the spot price is unavailable) and the selected fiat currency equivalent based on the exchange rate provided by Yahoo Finance.
Total Equity = Available Balance + Total Frozen Assets.
3
Net Equity
Represents the total funds in the spot account after deducting all liabilities.
Net Equity = Total Equity − Total Liabilities.
Represents the total funds in the spot account after deducting all liabilities.
Net Equity = Total Equity − Total Liabilities.
4
Total Liabilities
Total Liabilities = Total Repayment Amount + Interest Payable.
Total Liabilities = Total Repayment Amount + Interest Payable.
5
Today’s P&L
Shows the profit and loss on the spot account from 00:00 UTC of the current day to the current market price. Data for the previous day will be calculated. The data is updated daily at 06:00 UTC.
Shows the profit and loss on the spot account from 00:00 UTC of the current day to the current market price. Data for the previous day will be calculated. The data is updated daily at 06:00 UTC.
6
LTV
The ratio of the loan amount to the value of the collateral (Loan-to-Value, LTV) = (Total Liabilities / Margin Balance) × 100%.
Please note that when the LTV ratio reaches ≥ 95%, position liquidation will be triggered. For more detailed information on margin trading, refer to the article LTV and Liquidation (Spot Margin Trading).
The ratio of the loan amount to the value of the collateral (Loan-to-Value, LTV) = (Total Liabilities / Margin Balance) × 100%.
Please note that when the LTV ratio reaches ≥ 95%, position liquidation will be triggered. For more detailed information on margin trading, refer to the article LTV and Liquidation (Spot Margin Trading).
7
Lending
Click Lending for quick access to the lending page.
Click Lending for quick access to the lending page.
8
Available Balance
Displays the balance that can be used for withdrawals or for trading on the spot platform.
Displays the balance that can be used for withdrawals or for trading on the spot platform.
9
Total Frozen Assets
Assets involved in active orders on the spot account will be locked during spot trading.
Please note that the current collateral amounts for crypto loans will not be displayed in the Total Frozen Assets section.
Assets involved in active orders on the spot account will be locked during spot trading.
Please note that the current collateral amounts for crypto loans will not be displayed in the Total Frozen Assets section.
10
Total Repayment Amount / Interest Payable
- Refers to the funds borrowed during spot margin trading that must be repaid. Please note that this data is available only when spot margin trading is enabled.
- Shows the total amount of interest that must be paid. Please note that this data is available only when spot margin trading is enabled.
11
Convert Small Balances to MNT
Perform quick conversion of small balances into MNT and view the conversion history.
Perform quick conversion of small balances into MNT and view the conversion history.
12
Action
This column displays various actions, including deposit, withdrawal, transfer, trading, lending, conversion, or repayment, which can be performed with a single click.
This column displays various actions, including deposit, withdrawal, transfer, trading, lending, conversion, or repayment, which can be performed with a single click.
13
Deposit, Withdrawal, Transfer, and Conversion
Click Deposit, Withdrawal, Transfer, or Conversion to perform the corresponding action of your choice.
Click Deposit, Withdrawal, Transfer, or Conversion to perform the corresponding action of your choice.
14
Repayment
Easily repay loans obtained through spot margin trading by clicking this button.
Easily repay loans obtained through spot margin trading by clicking this button.
15
History
Check the asset history on the spot account by clicking the History button.
Check the asset history on the spot account by clicking the History button.
16
Orders
Click Orders to view the order history and detailed information on spot margin trading orders.
Click Orders to view the order history and detailed information on spot margin trading orders.
DERIVATIVE ACCOUNT (Regular account)
The Bybit Derivatives Account allows traders to trade multi-asset instruments, spot trading, spot margin trading, USDT and USDC perpetual contracts, as well as USDC options within a single account. This account is already included in the Unified Trading Account.
All operations performed on this account are not related to purchasing real assets. They involve opening and closing contracts.
Before we move on to the topic of trading, this account will not be needed.
All operations performed on this account are not related to purchasing real assets. They involve opening and closing contracts.
Before we move on to the topic of trading, this account will not be needed.
Unified Trading Account (UTA)
What is a Unified Trading Account (UTA)?
Bybit's Unified Trading Account (UTA) centralizes spot, futures, and options trading into a single account, simplifying the trading experience. Supporting over 70 cryptocurrencies as collateral, this account-level margin system allows unrealized profits to be used as margin for trading different product types. The UTA features three margin modes—Isolated, Cross, and Portfolio Margin—each catering to different risk preferences and trading strategies, thus optimizing risk management and trading flexibility.
Margin Modes Supported in UTA
In both Cross Margin and Portfolio Margin modes, the UTA leverages the entire asset value of the account, including unrealized profits, to maintain and initiate derivative positions. This method enhances capital efficiency by allowing profits and losses from different derivatives to offset each other and by calculating margins at the account level rather than per position.
In Isolated Margin mode, on the other hand, the UTA enables traders to segregate margins for individual positions, thereby limiting potential trading losses to the amounts specifically allocated per position.
The below table shows the various account margin modes supported by UTA.
Note:
To learn more about the difference between the Isolated Margin, Cross Margin, and Portfolio Margin modes, please visit here.
Bybit's Unified Trading Account (UTA) centralizes spot, futures, and options trading into a single account, simplifying the trading experience. Supporting over 70 cryptocurrencies as collateral, this account-level margin system allows unrealized profits to be used as margin for trading different product types. The UTA features three margin modes—Isolated, Cross, and Portfolio Margin—each catering to different risk preferences and trading strategies, thus optimizing risk management and trading flexibility.
Margin Modes Supported in UTA
In both Cross Margin and Portfolio Margin modes, the UTA leverages the entire asset value of the account, including unrealized profits, to maintain and initiate derivative positions. This method enhances capital efficiency by allowing profits and losses from different derivatives to offset each other and by calculating margins at the account level rather than per position.
In Isolated Margin mode, on the other hand, the UTA enables traders to segregate margins for individual positions, thereby limiting potential trading losses to the amounts specifically allocated per position.
The below table shows the various account margin modes supported by UTA.
Margin Mode | Benefits | Assets Mode | Supported Products |
Isolated Margin Mode | Individual margin calculations for each position. Active orders in one position do not affect others, minimizing potential loss for that specific position. | Single Asset Mode: Each asset (e.g. USDT, USDC) is used only for its corresponding contracts. | • Spot • USDT Contracts • USDC Contracts • Inverse Contracts |
Cross Margin Mode | Profits and losses across different products can offset each other, allowing profits to be reused to open new positions. | Multi-Asset Mode: All assets are collateralized as USD for spot margin and derivatives trading. | • Spot • Spot Margin • USDT Contracts • USDC Contracts • USDT Options • Inverse Contracts |
Portfolio Margin Mode | In addition to Cross Margin benefits, margin requirements are calculated based on the net exposure of the entire portfolio. | Portfolio-based collateral | • Depends on portfolio composition |
Note:
To learn more about the difference between the Isolated Margin, Cross Margin, and Portfolio Margin modes, please visit here.
RESUME
Regular Account or Unified Trading Account (UTA):
Funding Account: Used for depositing and withdrawing funds, as well as for participating in Bybit Launchpad.
Spot Account (Regular Account): Used for purchasing assets on the spot market (i.e., real assets that can later be withdrawn from the exchange).
Derivatives Account (Regular Account): Allows opening derivative contracts on assets (trading topic).
- A Regular Account separates assets by account type (spot, derivatives, etc.), while the UTA combines them into a single account.
- On a Regular Account, withdrawals from the exchange are available via the Spot and Funding accounts, while on the UTA, withdrawals are available only through the Funding account.
Funding Account: Used for depositing and withdrawing funds, as well as for participating in Bybit Launchpad.
Spot Account (Regular Account): Used for purchasing assets on the spot market (i.e., real assets that can later be withdrawn from the exchange).
Derivatives Account (Regular Account): Allows opening derivative contracts on assets (trading topic).
BUY ASSET ON SPOT
Spot Asset Purchase
Spot asset purchase is the process of buying cryptocurrencies or other financial instruments at the current market price or by placing a limit order. In spot trading with a market order, settlement and asset transfer occur almost instantly.
When you buy an asset on the spot market, you become its direct owner, and the asset is immediately credited to your spot account or wallet. This differs from derivatives trading, where you buy a contract for an asset rather than the asset itself. Spot trading is the most straightforward and simple way to purchase cryptocurrencies and other assets, making it popular among traders and investors.
Spot asset purchase is the process of buying cryptocurrencies or other financial instruments at the current market price or by placing a limit order. In spot trading with a market order, settlement and asset transfer occur almost instantly.
When you buy an asset on the spot market, you become its direct owner, and the asset is immediately credited to your spot account or wallet. This differs from derivatives trading, where you buy a contract for an asset rather than the asset itself. Spot trading is the most straightforward and simple way to purchase cryptocurrencies and other assets, making it popular among traders and investors.
1
In order to enter trading pairs, you must verify that your assets are on a Spot account or ETA. Next in the top menu go to "Trade" -> "Spot trading".
2
On the left side of the page, hover over the dropdown list next to the trading pair to view all spot trading pairs, as well as the last traded price and the 24-hour price change percentage. Select the asset you want to buy.
To quickly find the desired trading pair, use the search function. If there is a 10x label next to a trading pair, it indicates that this pair is supported for spot margin trading.
Margin trading is a type of trading in which traders use borrowed funds (leverage) to increase the size of spot trades. Instead of using only their own funds, a trader can borrow additional assets from the exchange or broker, allowing them to open positions larger than their initial capital. We do not use this feature.
For example, if you want to buy ETH, you need the ETH/USDT pair (since we deposited USDT to the exchange).
To quickly find the desired trading pair, use the search function. If there is a 10x label next to a trading pair, it indicates that this pair is supported for spot margin trading.
Margin trading is a type of trading in which traders use borrowed funds (leverage) to increase the size of spot trades. Instead of using only their own funds, a trader can borrow additional assets from the exchange or broker, allowing them to open positions larger than their initial capital. We do not use this feature.
For example, if you want to buy ETH, you need the ETH/USDT pair (since we deposited USDT to the exchange).
In spot trading, there are several types of orders.
A Market order is an order that is executed instantly at the current market price. It allows for quick entry or exit from a position, but the execution price may differ due to volatility, resulting in slippage. In this case, the trader acts as a taker, removing liquidity from the market and paying a taker fee.
A Limit order is an order in which the trader specifies a specific price to buy or sell. The order is executed when the market reaches that price. A limit order can add liquidity (and incur a maker fee) or be executed immediately (like a market order), which results in paying a taker fee.
A Market order is an order that is executed instantly at the current market price. It allows for quick entry or exit from a position, but the execution price may differ due to volatility, resulting in slippage. In this case, the trader acts as a taker, removing liquidity from the market and paying a taker fee.
A Limit order is an order in which the trader specifies a specific price to buy or sell. The order is executed when the market reaches that price. A limit order can add liquidity (and incur a maker fee) or be executed immediately (like a market order), which results in paying a taker fee.
3
- Using a market order as an example, create a spot order by following the steps below.
- Make sure you are on the Spot tab, then select Buy or Sell.
- Enter the order value or quantity. If the order is placed using order types such as a limit order or a conditional order, you must enter the order price or trigger price.
If a market order is placed, it is set by default by value (market buy order) and by quantity (market sell order). You can click Order by Value or Order by Quantity to select the desired option.
4
A confirmation window will appear. Check that the order details are correct and click Buy or Sell.
5
Order Viewing
Current unfilled orders can be viewed in the Open Orders tab. To display all current orders across all trading pairs, check the Show All box.
Current unfilled orders can be viewed in the Open Orders tab. To display all current orders across all trading pairs, check the Show All box.
Click the pencil icon next to the order parameter to modify details such as the order price, trigger price, or order size.
6
Order History or Trade History
You can switch to the Order History or Trade History tab on the spot trading page to view up to 50 records from the past six (6) months. Similar to open orders, you can check the Show All Trading Pairs option to view order or trade history across all trading pairs.
To view records from the past six (6) months, go to the All Orders page.
You can switch to the Order History or Trade History tab on the spot trading page to view up to 50 records from the past six (6) months. Similar to open orders, you can check the Show All Trading Pairs option to view order or trade history across all trading pairs.
To view records from the past six (6) months, go to the All Orders page.
7
Cancel Order
To cancel a spot order, go to the Open Orders tab and click Cancel. You can also click Cancel All in the top-right corner. Please note that if the Show All Trading Pairs option is selected, clicking Cancel All will cancel all orders across all trading pairs.
To cancel a spot order, go to the Open Orders tab and click Cancel. You can also click Cancel All in the top-right corner. Please note that if the Show All Trading Pairs option is selected, clicking Cancel All will cancel all orders across all trading pairs.
Funding account — https://www.bybit.com/user/assets/home/fiat
UTA — https://www.bybit.com/user/assets/home/tradingaccount
Purchase terminal on spot (to change pair press BTC/USDT left top and select the pair you need)— https://www.bybit.com/ru-RU/trade/spot/BTC/USDT
Account histoty funding, spot, ang history
UTA — https://www.bybit.com/user/assets/home/tradingaccount
Purchase terminal on spot (to change pair press BTC/USDT left top and select the pair you need)— https://www.bybit.com/ru-RU/trade/spot/BTC/USDT
Account histoty funding, spot, ang history
1
Figure out your stock exchange and where it is. You should be able to find the accounts on the stock exchange, as well as the terminal for buying on spot.
2
In the last class you listed USDT. Now they are most likely on the Finance account. Transfer the USDT you will be purchasing to a Single Trading Account.
3
Buy for USDT your first asset.
Try to buy ETH in a pair of ETH/USDT (here link, if you can’t find it manually) by market order and then sell it. You can repeat it with other assets for training. Use different orders and trading pairs.
Try to buy ETH in a pair of ETH/USDT (here link, if you can’t find it manually) by market order and then sell it. You can repeat it with other assets for training. Use different orders and trading pairs.
