Your first trade on Bybit: buying and selling on spot
Checked on against six Bybit help pages. See the sources. Ahead is a Bybit affiliate: how we make money.
Short answer
Start on spot, where you buy a coin outright and no leverage is involved. Open the Spot page, pick a pair such as BTC/USDT, choose Buy, enter an amount and confirm.1
A regular account pays 0.1% on a spot trade,2 taken from the coin you receive.3 On BTC/USDT the smallest order is 1 USDT.4
On this page
Before you start
- Put the money in the right account. Spot trading runs from the Unified Trading Account.5 A deposit lands in the Funding Account by default, so transfer it first.
- Know the fee. 0.1% for both maker and taker on ordinary crypto pairs. Fiat pairs cost 0.2% as a taker and 0.15% as a maker at the lowest volume tier, and the Adventure Zone and xStocks cost 0.2% each way.2
- Know what this page is. It shows how the order form works. It doesn’t tell you what to buy or when, and a coin you buy can be worth less a minute later.
The steps at a glance
- Open Spot
- Pick the pair
- Choose Buy
- Pick the order type
- Enter the amount
- Confirm
Step by step
- Open the Spot page and find your trading pair. Bybit suggests typing it into the search box.1
- Choose Buy or Sell.
- Choose the order type. A Market order fills straight away at the best price available. A Limit order waits at the price you set. Order types compared has the detail.
- Enter the order value or the quantity. By default a market buy is entered as a value and a market sell as a quantity. Order by Value and Order by Qty switch between them.1
- Check the confirmation window, then select Buy or Sell.
- An order that hasn’t filled sits under Open Orders. Filled ones are under Order History and Trade History, which show up to 400 records from the last six months.1
What it costs
The spot fee is the filled quantity multiplied by the fee rate, and Bybit charges it in the coin you’re buying.3 So when you buy BTC you receive slightly less BTC than the order says, and when you sell it you receive slightly less USDT.
“The trading fee unit charged is based on the purchased cryptocurrency.”
| A 50 USDT round trip | Fee at 0.1% |
|---|---|
| Buy 50 USDT of BTC | 0.05 USDT, taken in BTC |
| Sell that BTC at the same price | 0.05 USDT |
| Both trades | About 0.10 USDT, or 0.2% of the amount |
On spot, a market order and a limit order pay the same 0.1%, so the order type doesn’t change the fee.2
Why an order gets rejected or cancelled
- Too small. The order value is under the pair’s minimum. For BTC/USDT that is 1 USDT.4
- Too large. Over the pair’s maximum quantity. For BTC/USDT that is 71.73 BTC, a figure Bybit adjusts from time to time.4
- Limit price too far from the market. A limit order priced beyond the pair’s price limit is cancelled, unless you’ve switched on Price Correction, which moves it to the limit instead.4
- Market order ran past the price limit. The part beyond the limit is cancelled, so a market order can fill only partly.4
- New listing. For the first five minutes, market and conditional orders aren’t supported.4
Each pair’s current limits are on Bybit’s spot trading rules page.4
Getting out
Selling uses the same form with Sell selected. A market sell is entered as a quantity of the coin by default.1
What you receive stays in the Unified Trading Account. To take it off Bybit, go on to step 7.
Questions people ask
What is the minimum trade on Bybit spot?
For BTC/USDT the minimum order value is 1 USDT. Each pair has its own minimum, listed on Bybit’s spot trading rules page.4
What are Bybit’s spot trading fees?
A regular account pays 0.1% as a maker and 0.1% as a taker on ordinary crypto pairs. Fiat pairs, the Adventure Zone and xStocks cost more.2
Why did I receive less crypto than I bought?
Because the spot fee is taken from the coin you buy. In Bybit’s example, a trader who buys 0.5 BTC at a 0.15% rate pays 0.00075 BTC and receives 0.49925 BTC.3
Why was my Bybit spot order cancelled?
Bybit’s rules give these reasons: the order value was below the pair’s minimum, a limit price was beyond the price limit, or part of a market order would have filled beyond it.4
Do I need to move money before I can trade?
If your deposit went to the Funding Account, yes. Spot trading runs from the Unified Trading Account,5 and you move money there under Assets, then Transfer.6
What we couldn’t confirm
- The app’s menu path to Spot. Bybit’s article describes the web page.
- The exact price range allowed for a limit order. Each pair has its own percentages, and Bybit says it can change them without notice.
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Bybit pays us a commission from the trading fees it collects. It adds nothing to yours. Not for residents of the United States, Canada, the United Kingdom, the European Economic Area, Singapore, Hong Kong, mainland China, Malaysia, Türkiye or other restricted places: full list. Crypto contracts can lose your entire margin. Not financial advice.