# Bybit Tutorial for Beginners Step by Step A step-by-step Bybit tutorial for beginners: account setup, KYC, deposits, spot trades, limit vs market orders, futures leverage and risk tools. Source: https://eldritchmerry.shop/bybit-tutorial-for-beginners/ · based on the channel [Binances Club](https://www.youtube.com/channel/UCzH_et-Ij9LvCR14koxTW5g) · Video: [Bybit Tutorial for Beginners or How to Use Bybit Step by Step](https://www.youtube.com/watch?v=j6JOQHeME8U) · 2026-11-10 ![Bybit Tutorial for Beginners Step by Step](https://eldritchmerry.shop/bybit-tutorial-for-beginners/bybit-tutorial-for-beginners.webp) ## Key takeaways - Bybit registration takes a few minutes with an email or phone number; a referral code such as BONUSPROMO can be entered at sign-up. - Identity verification (KYC) is required before fiat deposits and higher withdrawal limits; most checks are completed within minutes. - Bybit offers spot, derivatives (USDT and inverse perpetuals), Earn products and copy trading from one account. - Deposits are possible via card purchase, bank transfer or on-chain crypto transfer; always match the network to the coin. - Spot orders come in market (instant execution) and limit (your chosen price) types, with maker and taker fees applied per trade. A Bybit tutorial for beginners walks through one sequence: create and verify an account, fund it with crypto or a card, then place a first spot order and understand how limit and market orders differ. Bybit is a derivatives-first exchange, so the same account also opens USDT perpetual futures, Earn products and copy trading, but nothing beyond the spot market is needed to start. Registration through the [Bybit sign-up page with the BONUSPROMO referral code](https://partner.bybit.com/b/BONUSPROMO) applies the bonus before the account is created. ## What you need before starting the Bybit tutorial An email address or phone number, a government ID for verification and a small amount of crypto or fiat is the full checklist. Bybit accounts are free, and no minimum balance is required to open one or to browse the platform in demo mode. 1. Use a unique email or phone number that has not been linked to a Bybit account before. 2. Have a passport, ID card or driving licence ready for the KYC photo step. 3. Decide the funding route in advance: on-chain crypto transfer, card purchase or bank transfer. 4. Install Google Authenticator or another TOTP app for two-factor authentication. Beginners who plan to trade derivatives should also read the contract specifications for the pair they intend to use, since tick size, leverage cap and funding interval differ between USDT perpetuals and inverse contracts. ## Creating a Bybit account and passing KYC Registration is a single form, and verification unlocks the features that most tutorials skip over. The sign-up screen asks for email or phone, a password and, optionally, a referral code; entering BONUSPROMO there links the account to the promotional offer before any deposit is made. 1. Open the registration page and choose email or phone sign-up. 2. Enter the referral code if you have one, then set a strong password. 3. Confirm the code sent to your email or phone. 4. Enable two-factor authentication in Security settings. 5. Complete identity verification: select country of residence, upload the ID front and back, then take a selfie liveness check. KYC on Bybit is usually approved within minutes, though manual review can take longer. Verification raises withdrawal limits, is mandatory for fiat deposits through regulated partners and is required to use most Earn products. Without it, the account stays in a restricted state where crypto deposits and spot trading are possible but fiat on-ramps are not. ## Bybit platform overview spot earn and copy trading The Bybit interface is organised around a top navigation bar that switches between Spot, Derivatives, Earn and Copy Trading, with the account balance and order history on the right. The layout is the same on web and in the mobile app, which makes the desktop tutorial directly transferable to a phone. - **Spot** is the plain buy-and-sell market: you own the coin, no leverage, no liquidation price. - **Derivatives** covers USDT perpetuals, inverse perpetuals and expiry futures, all with leverage and margin requirements. - **Earn** holds flexible and fixed savings, staking and dual-asset products with quoted annualised yields. - **Copy Trading** lets a user follow a master trader and mirror their positions proportionally to the allocated capital. For a first session, only the Spot tab matters. The Derivatives tab adds leverage, margin mode (cross or isolated) and a liquidation price to every position, which is a separate learning step. ## How to deposit funds on Bybit There are two practical routes into a Bybit account: buy crypto with a card or bank transfer, or transfer crypto from another wallet. Both land in the same funding account and can be moved to the spot or derivatives account with one click. **Card or fiat purchase:** open Buy Crypto, choose the fiat currency and the coin, enter the amount and confirm with the payment provider. Third-party processors handle the transaction, so fees and limits depend on the provider and the user's region. **Crypto transfer:** open Assets, select Deposit, choose the coin and then the network. Bybit generates a deposit address and, where relevant, a memo or tag. Copy the address exactly, send a small test amount first, and make sure the sending wallet uses the same network — a USDT transfer on TRC-20 sent to an ERC-20 address is not recoverable by support in most cases. Internal transfers between Bybit accounts are instant and free, which is useful when funding a second account. ## Placing a first spot trade on Bybit The spot order form has three inputs that decide everything: pair, order type and amount. Selecting BTC/USDT, for example, means the price is quoted in USDT and the balance is spent from the USDT wallet. 1. Open Spot and search for the pair, such as BTC/USDT. 2. Choose Market or Limit in the order panel. 3. Enter the amount in USDT or in the base coin — the form converts automatically. 4. Review the estimated fee and the total, then confirm. A market order fills immediately at the best available price, which is the fastest route but gives no control over the execution price. A limit order sits in the order book until the market reaches the specified price, and it can be partially filled or left open indefinitely. On Bybit spot, maker orders that rest in the book are charged a lower fee than taker orders that execute against existing liquidity; the exact rate depends on the user's VIP level. A limit buy placed below the current price waits for a dip, while a limit sell above the price sets a target. Open orders can be cancelled from the Orders panel at any time, and unfilled orders lock the reserved balance until cancelled. ## Leverage and risk management tools Leverage multiplies both position size and loss, and Bybit enforces it through margin requirements and automatic liquidation. In derivatives trading, the margin mode decides whether the whole account balance backs a position (cross) or only the amount assigned to it (isolated). - **Leverage slider:** adjusts the multiplier per position, up to the pair's maximum; higher leverage moves the liquidation price closer to the entry. - **Stop-loss and take-profit:** attached to an order or a position, they close it automatically at a chosen trigger price. - **Partial close:** reduces a position size without exiting fully. - **Funding rate:** perpetual contracts pay or receive funding every few hours, which affects the cost of holding a position. - **Demo trading:** a practice account with virtual funds that mirrors the live interface. A practical rule for beginners is to start with low leverage, set a stop-loss before entering, and size the position so that a stop-out costs a small, pre-planned share of the account. ## Bybit links from the tutorial - [Bybit registration with the BONUSPROMO referral code](https://partner.bybit.com/b/BONUSPROMO) ## Final thoughts on the Bybit beginner guide The whole onboarding path — registration, KYC, deposit, first spot trade — takes most users well under an hour, and the platform's demo mode lets anyone rehearse the order form before real money is involved. The important distinctions to carry forward are market versus limit execution, network matching on crypto deposits, and the fact that leverage belongs to a separate, later stage of learning. This breakdown was prepared by the Binances Club channel, whose step-by-step video covers the same flow from account creation to the first order. Ready to start? [Create a Bybit account with the BONUSPROMO code](https://partner.bybit.com/b/BONUSPROMO) and follow the sequence above in order. ## Questions & answers **How long does Bybit verification take?** Automated KYC checks usually finish within minutes after the ID photos and selfie are submitted. If the documents are unclear or the details do not match, the case goes to manual review, which can take longer. Verification is required for fiat deposits and higher withdrawal limits. **What is the difference between a limit order and a market order on Bybit?** A market order executes immediately at the best available price, so the fill price is not guaranteed. A limit order only executes at the price you set or better, and it stays open in the order book until it fills or is cancelled. Limit orders that rest in the book typically pay a lower maker fee. **Can I use Bybit without depositing money?** Yes. Bybit offers a demo trading mode with virtual funds that mirrors the live interface, so you can practise spot and derivatives orders without risk. A funded account is only needed to trade with real capital or to use Earn products. **Which network should I choose when depositing USDT to Bybit?** Choose the network that matches the sending wallet, for example TRC-20 for Tron-based transfers or ERC-20 for Ethereum. The coin and network must both match on the sending and receiving side. Send a small test amount first, because transfers on the wrong network are generally not recoverable.