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.

Disclaimer:info@kdj.com

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！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

MNT

$0.2669

19.36%

Trade Now
STPT

$0.0680

18.66%

Trade Now
CUDOS

$0.0105

10.08%

Trade Now
TRIBE

$0.5407

9.89%

Trade Now
AUDIO

$0.1113

9.62%

Trade Now
ORBR

$0.1628

9.40%

Trade Now

Latest Crypto News

ETHEREUM's Wall Street Guy: The Protocol
2025-02-06 09:11:01
XRP (XRP) Suffers One of Its Worst Days This Year as XRL Ledger Malfunction Adds Selling Pressure
2025-02-06 09:11:01
XRP Analysis: A Liquidity-Driven Market
2025-02-06 09:11:01
Is Bitcoin (BTC) Price Bottom Finally In Following the Biggest Crash in Crypto History?
2025-02-06 09:11:01
Tether (USDT) Stablecoin Issuer Announces Expansion Strategy that Enters the Artificial Intelligence Sector
2025-02-06 09:11:01
Bitcoin Consolidates As Retail Remains Off The Market
2025-02-06 09:11:01

Related knowledge

How to buy coins on Binance mobile version

Feb 04,2025 at 07:36pm

Key Points:Set up a Binance accountFund your Binance accountFind the coin you want to buyCreate a buy orderReview and confirm your orderStep-by-Step Guide:1. Set Up a Binance AccountDownload the Binance app from the App Store (iOS) or Google Play Store (Android).Create an account by providing your email address, password, and phone number.Verify your id...

How to view the market value ranking on Binance

Feb 03,2025 at 09:42am

Key PointsBinance is one of the leading cryptocurrency exchanges in the world.Binance provides a variety of features, including the ability to view the market value ranking of cryptocurrencies.The market value ranking is a list of cryptocurrencies, sorted by their total market capitalization.The market capitalization of a cryptocurrency is calculated by...

How to trade after recharging on Binance

Feb 03,2025 at 09:36pm

Key PointsUnderstand the Binance platform and its features.Fund your Binance account through various methods.Choose the right trading pair and order type.Monitor your trades and adjust your strategy as needed.Explore advanced trading options for increased efficiency.Detailed Guide on How to Trade After Recharging on Binance1. Understanding the Binance P...

How to create an address for withdrawal from Binance

Feb 05,2025 at 12:31am

Key Points:Understand the concept of cryptocurrency addressesGenerate a new address for withdrawal on BinanceVerify the address before withdrawing fundsSecurely store your cryptocurrency addressesMonitor your withdrawal transactionsHow to Create an Address for Withdrawal from Binance1. Understand Cryptocurrency AddressesA cryptocurrency address is a uni...

How to recharge Binance with QR code

Feb 03,2025 at 10:36pm

Key Points:Utilize Binance's QR code for a seamless recharge experienceUnderstand the process of generating a QR code for Binance depositsIdentify various methods for recharging Binance through QR codesExplore the advantages and security aspects of using QR codes for Binance rechargesComprehensive Guide to Recharging Binance with QR CodeStep 1: Generati...

How to buy spot from Binance

Feb 04,2025 at 05:24pm

Key Points:Understand the concept of spot trading on Binance.Create a Binance account and complete KYC verification.Fund your Binance account with supported currencies.Navigate the Binance spot trading interface.Place a spot trading order: Market order or limit order.Manage your spot trading portfolio and track orders.How to Buy Spot from Binance: A Com...