how to margin trade on bybit

Take advantage of increased profit potential and elevated market risks by using leverage in margin trading on Bybit's easy-to-follow platform.

Oct 26, 2024 at 04:50 pm

How to Margin Trade on Bybit

Margin trading on Bybit allows you to trade with leverage, which can amplify your potential profits but also increase your potential losses. Here's a step-by-step guide on how to do it:

1. Create an Account

Visit Bybit's website and register for an account.
Complete the verification process to upgrade your account.

2. Enable Margin Trading

Click on "Assets" in the top menu and select "Margin."
Enable margin trading by clicking "Enable."
Choose the type of margin account you want (isolated or cross).

3. Transfer Funds

Transfer funds from your Spot Account to your Margin Account.
Margin trading on Bybit is only available for USDT, so ensure you have enough USDT in your Spot Account.

4. Open a Margin Order

Go to the "Trade" page and select the trading pair you want to trade.
Choose "Margin" as the trading mode.
Enter the amount you want to borrow and the leverage you want to use.
Click "Buy Long" or "Sell Short" to open the order.

5. Monitor Your Position

Track your open margin positions in the "Positions" tab on the "Trade" page.
Monitor your margin level, which indicates your risk of liquidation.
If your margin level drops below a certain threshold, you may receive a margin call.

6. Close Your Position

To close a margin position, simply close the order like you would a normal spot order.
You can either take profit, stop loss, or close at market price.
When you close the position, your borrowed amount is returned, and any profits or losses are settled.

7. Withdrawal

Once you have closed all your margin positions and repaid any borrowed funds, you can withdraw your funds from the Margin Account to your Spot Account.

Tips for Margin Trading:

Always use stop-loss orders to limit your potential losses.
Only trade with a small portion of your funds.
Be aware of the risks involved in margin trading and never trade with more leverage than you can afford to lose.

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