how to sell bitcoin on bybit

In the multifaceted realm of cryptocurrency trading, Bybit empowers users to effectively sell their Bitcoin holdings through a comprehensive, step-by-step guide.

Oct 25, 2024 at 11:39 pm

How to Sell Bitcoin on Bybit

Step 1: Create a Bybit Account

Visit the Bybit website and click "Register" to create an account.
Provide your email address, phone number, and create a password.
Follow the on-screen instructions to complete the registration process.

Step 2: Enable KYC if Necessary

If you intend to trade over specific limits, you may need to verify your identity by completing the Know-Your-Customer (KYC) process.
Upload a government-issued ID and a proof of residency document.
Bybit will review your submitted documents and verify your identity within 24 hours.

Step 3: Deposit Bitcoin into Bybit

Log in to your Bybit account and navigate to the "Asset" section.
Click "Deposit" and select "BTC" as the deposit currency.
Copy the displayed Bitcoin deposit address.
Send your Bitcoin from your external wallet to the provided deposit address.
The transaction will be processed and reflected in your Bybit account within a few minutes.

Step 4: Navigate to the Trading Interface

Once your Bitcoin is deposited, go to the "Spot Trading" section.
Search for the "BTC/USDT" trading pair or select it from the dropdown menu.

Step 5: Place a Sell Order

On the trading interface, select the "Sell" tab.
Enter the amount of Bitcoin you want to sell.
Set the desired sell price or choose from the available market orders.
Click "Sell BTC" to place the order.

Step 6: Monitor Order Status

Your sell order will be displayed in the "Open Orders" section.
You can monitor the order's status until it is either filled or canceled.

Step 7: Withdraw Funds

Once the sell order is filled, the USDT proceeds will be credited to your Spot Account.
To withdraw the funds, navigate to the "Asset" section again.
Select "Withdraw," enter the amount and withdrawal address, and initiate the withdrawal process.

Additional Tips:

Use limit orders to control the price at which your Bitcoin is sold.
Monitor market conditions and technical indicators to make informed trading decisions.
Manage your risk by employing stop-loss orders or trailing stop-loss orders.
Keep your withdrawal addresses safe and double-check before confirming.

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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

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