Trading Bot for ByBit

With revenuebot you get the chance to perform automated trading at the ByBit exchange.

Nowadays, the exchange ranks among the top 5 by the daily trading volume on the derivatives market as per CoinMarketCap, while also offering its users a full scope of such services as: P2P, spot trading, futures trading, staking. Launchpad is also held on this exchange, just recently they introduced their own NFT market.

TYPES OF TRADING STRATEGIES

By using revenuebot ou can create bots and trade perpetual ByBit Futures USDS-M contracts on standard ByBit Spot.

Our Knowledge Base has in-depth instructions with screenshots on how to set up bots to trade on ByBit Spot and Futures USDS-M:

Spot trading

Creating an API key for the Bybit exchange

Creating a bot for MATIC/USDT trading pair on the Bybit Spot exchange

Creating a bot with automatic pair switching on the Bybit Spot exchange

Futures trading

You can trade on ByBit Futures USDS-M at up to 50x leverage.

Creating a MATIC/USDT bot on the Bybit Futures exchange

Creating a bot with automatic pair switching on the Bybit Futures exchange

How to reduce the risks of trading futures using leverage?

SIGNING UP ON BYBIT

All you need to do in order to register at the exchange is to visit the official website and click on Sign Up button. You will see a form where you should enter your email address and password. Please note that you can also use your phone number to register.

SIGNING UP ON BYBIT

Once you fill in the required data, the system will check whether you are a resident of a restricted country. This list comprises the following countries: Mainland China, Cuba, Iran, North Korea, Sudan, Singapore, Syria, and the United States of America.

A verification code will be sent to the specified email, which is only valid for five minutes. Copy the code and complete the registration.

You need to paste it into the corresponding box, now the signup is done.

BYBIT SECURITY

Safety on the platform is always a priority. The exchange operates on an industry-leading system of hierarchical deterministic offline wallets, providing reliable storage of your digital assets.

To gain access to the privacy settings, you need to go to your account, click on the profile icon and select Account & Security.

There you can reset the login password and activate additional protection methods, namely 2FA two-factor authentication.

You can enable SMS authentication or Google Authenticator: click Settings in front of the desired option and then follow the guide.

BYBIT SECURITY

VERIFYING YOUR IDENTITY

What makes Bybit exceptional from other platforms is the complete lack of verification procedure. Once registration is complete, you are free to start using the platform.

Thanks to a KYC-free experience on the exchange, its users remain anonymous and keep their privacy completely intact.

COMMISSION FEES AND RESTRICTIONS

No deposit fees are charged by the platform. Nevertheless, there may be charged a network and transaction fee during withdrawal, both of which you can notice. The fees charged depend on the coin.

Trading fees on Bybit vary based on the level of the user:

COMMISSION FEES AND RESTRICTIONS

TOPPING UP YOUR ACCOUNT ON BYBIT

For you to start trading, you need to top up your exchange account.

Consider the fact that you can only deposit in cryptocurrency.

How to top up your account:

  • Go to the Assets tab in your profile header
  • TOPPING UP YOUR ACCOUNT ON BYBIT

  • Then choose the type of account you wish to top up: Spot, Derivatives, Earn or ByFi;
  • Top-up method at each point is quite similar, so we will show you an example on the Spot one:
  • Select the desired asset and click Deposit;
  • You get your Bybit deposit address: just either scan the QR-code or copy the deposit address;
  • Specify the address on the third-party platform from which you are going to deposit funds to Bybit.

WITHDRAWING FUNDS FROM BYBIT

In the same Assets page, click on the Withdraw button located next to the asset. Provide the address of the wallet for the cryptocurrency and the amended amount. Keep in mind that for this step, you must complete the Google authentication procedure, otherwise the system will not let you withdraw any funds.

WITHDRAWING FUNDS FROM BYBIT

Each coin has a withdrawal fee, which will be displayed in the dialog box. There you can also see the minimum withdrawal limit: Bitcoin having 0.001 BTC, Etherium having 0.02 ETH, Ripple having 20 XRP, etc.

BENEFITS OF BYBIT

  • A truly world-class trading exchange with over a million users registered;
  • Perpetual contracts;
  • Team of professionals;
  • UI supporting 5 languages;
  • No need to complete the KYC verification procedure;
  • Excellent account security;
  • Unlimited deposits available;
  • Rapid order placement: 100,000 transfers per second;
  • Margin trading at leverage up to 100x;
  • A user-friendly trading interface;
  • A take profit and a Stop Loss feature included;
  • Demo mode;
  • Quick response from customer service;
  • A convenient mobile app.