how to sell crypto on bybit

How to Sell Crypto on Bybit

Bybit is a popular cryptocurrency exchange that allows users to buy, sell, and trade digital assets. If you're looking to sell crypto on Bybit, follow these steps:

Step 1: Log into Your Bybit Account

Visit the Bybit website and sign in to your account.

Step 2: Navigate to the "Spot Account"

Click on the "Assets" tab in the top menu bar and select "Spot Account."

Step 3: Find the Crypto You Want to Sell

Locate the crypto asset that you want to sell from the list of assets.

Step 4: Click on the "Sell" Option

Hover over the crypto asset and click on the "Sell" button.

Step 5: Enter Sell Details

In the pop-up window that appears, enter the following details:

• Sell Amount: Specify the number of crypto assets you want to sell.
• Price: Indicate the price at which you want to sell.
• Order Type: Choose whether you want to place a limit order or a market order. Limit orders allow you to set a specific price, while market orders execute at the current market price.

Step 6: Review and Confirm

Review the order details and make sure they are correct. Once you are satisfied, click on the "Sell" button to confirm the transaction.

Step 7: Monitor Your Order

You can monitor the status of your order in the "Orders" section of your Spot Account.

Additional Tips:

• Check market conditions: Before selling crypto, check the market conditions to ensure a favourable price.
• Understand fees: Bybit charges a small trading fee for selling crypto. Make sure you are aware of the fees before placing an order.
• Set a stop-loss or take-profit order: These orders can help you manage risk and secure profits.
• Store crypto securely: Once you sell your crypto, move it to a secure wallet or cold storage to protect it from theft.