Break of Structure (BoS) and Change of Character (CHoCH) Trading Strategy
Master key crypto trading concepts to spot trend continuations and reversals effectively.
The Ultimate Bybit Tutorial for 2025: From Beginner to Pro Trading Crypto
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Trading cryptocurrency involves substantial risk of loss. Past performance is not indicative of future results. Always conduct your own research before trading.
Table of Contents
- Introduction
- Creating Your Bybit Account
- Completing KYC Verification
- Enhancing Your Account Security
- Funding Your Bybit Account
- Understanding Bybit's Account Structure
- Trading on Bybit: Spot vs. Futures
- Navigating the Bybit Trading Interface
- Executing Your First Trade
- Technical Analysis Tools
- Risk Management
- The 2025 Bybit Security Breach
- FAQ
- Conclusion
Key Takeaways
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Creating a secure Bybit account requires proper verification and security setup (2FA authentication is essential)
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You can earn up to $30,000 in bonuses when signing up through a special referral link (though most traders earn around $100)
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Bybit offers multiple deposit methods including one-click card purchases, bank transfers (SEPA), and crypto transfers
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Understanding the difference between Spot trading (real crypto) and Futures trading (leveraged contracts) is crucial
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Technical analysis tools like trend lines, volume patterns, MACD, and Fibonacci retracements can help identify potential trading opportunities
Thinking of trading cryptocurrency on Bybit in 2025? Whether your goal is to earn an extra $50 a day, $100 daily, or scale up to $1,000 or more, this step-by-step tutorial covers everything you need, from creating a secure account (with exclusive signup bonuses!) to mastering advanced trading strategies.
With over 5 years of crypto trading experience, I've already made all the common mistakes so you can avoid them. Let's get you trading on Bybit safely, confidently, and profitably.
Creating Your Bybit Account (With Special Bonus)
The first step to trading on Bybit is creating your account. But before we dive into the process, let me share something important: you can earn significant bonuses by using a special referral link.
Claim Your Bybit Bonus (Up To $30,000)
When signing up for Bybit, using a referral code can provide you with trading bonuses worth up to $30,000. However, it's important to note that most traders (over 80%) will receive around $100 in bonuses - the full $30,000 is reserved for extremely high-volume traders.
To claim this bonus:
Verify that you see "Bybit x MMath Money" at the top of the signup page
Confirm the referral code is visible or manually enter it
Complete your registration using either email or mobile number
How to claim Bybit Bonus 2025: Here's exactly how your signup page should look when claiming your exclusive Bybit bonus (up to $30,000). Make sure it says Bybit x Mind Math Money at the top, and confirm the referral code 88512 is correctly applied. Following these quick steps ensures you don't miss out on your welcome rewards!
Creating a Strong, Secure Account
When setting up your password, follow these requirements for maximum security:
8 to 30 characters in length
At least one uppercase letter
At least one lowercase letter
At least one number
After registration, you'll receive a verification email or text message. Once verified, your basic account is created - but we're not finished yet.
Completing the Bybit KYC Verification (Know Your Customer)
Before you can start trading, you need to complete KYC verification. This security process takes around 60 seconds when done correctly.
KYC (Know Your Customer) is a standard process that Bybit implements to prevent fraud and enhance security. To complete your verification:
Go to the "Overview" section from your profile menu
Click "Get Verified"
Select "Verify" under Identity Verification
Submit a government-issued ID (driver's license, passport, or ID card)
Complete a facial recognition process (easier to do on mobile)
To complete your Bybit KYC verification: Go to 'Account Info', click 'Verify Now', submit your government-issued ID, and finish the facial recognition step.
Identity Verification Levels
Bybit offers two verification levels:
Level 1 (Basic): Allows you to start trading but with limitations Level 2 (Advanced): Requires proof of address documentation (bank statements, utility bills, tax returns), unlocks additional features and higher limits
I recommend completing Level 2 verification for a better trading experience, though it's not strictly necessary to begin trading.
Verifying Your Bonus Activation
To ensure your trading bonus is properly linked to your account:
Go to Profile → Account → Account Info
Check that it says "Identity Verification Level 1" under your name
Verify that "Affiliated with: 88512" appears to the right
Enhancing Your Account Security
Before depositing funds, it's crucial to maximize your account security. By default, your security level might show as "Low" (red box), which is not ideal for a trading account.
To achieve "High" security status:
Go to the Security section in your account
Enable Email verification (automatic if you signed up with email)
Set up SMS authentication for login verification
Most Important: Enable Google 2-Factor Authentication
Download the Google Authenticator app on your mobile device
Follow the setup instructions to link it with your Bybit account
This generates time-based codes (changing every 30 seconds) for enhanced login security
After implementing these security measures, your account should display "High" security status, giving you peace of mind when trading significant amounts.
Funding Your Bybit Account
Now that your account is secure and verified, it's time to deposit funds. Bybit offers several methods to add money to your account:
Funding Methods at a Glance
Card Purchase
Fastest
Higher Fees
Buy crypto instantly with Apple Pay, Google Pay, or bank card through "One-Click Buy"
Fiat Deposit
Lower Fees
1-3 Days
Transfer money via SEPA bank transfer. Don't mention "crypto" in the description.
Crypto Deposit
Medium Speed
Network Specific
Transfer existing crypto. Choose the correct network (TRC20, ERC20, etc.) to avoid loss.
P2P Trading
Zero Fees
Variable Speed
Trade directly with other users through various payment methods with no platform fees.
Method 1: One-Click Card Purchase (Fastest)
This is the quickest way to start trading:
Click "Buy Crypto" → "One-Click Buy"
Select your currency (EUR, USD, etc.)
Enter the amount you wish to deposit
Choose payment method (Apple Pay, Google Pay, or bank card)
Complete the transaction
While convenient, card purchases may have slightly higher fees than other methods.
Method 2: Fiat Deposit (Lower Fees)
For lower fees but slower processing:
Select "Buy Crypto" → "Fiat Deposit"
Choose your currency and amount
Select SEPA transfer (bank transfer)
Review and accept the terms
Use the provided bank details to make the transfer from your bank
Important tips for bank transfers:
Ensure your bank account details match your KYC information
Avoid mentioning "crypto" in the transfer description
Transfers typically take 1-3 business days to complete
Method 3: Crypto Deposit
If you already own cryptocurrency on another platform:
Go to "Buy Crypto" → "Crypto Deposit"
Select the cryptocurrency you wish to deposit
Choose the correct network/chain (critical - must match the sending platform)
Copy the deposit address
Complete the transfer from your other wallet or exchange
Common mistake to avoid: Always ensure you're using the same network for sending and receiving. For example, if sending USDT, make sure both platforms are using the same network (TRC20, ERC20, etc.).
Method 4: P2P Trading (Zero-Fee Option)
For zero-fee trading directly with other Bybit users:
Click "P2P Trading"
Confirm your identity
Browse available offers from other users
Select an offer and enter your purchase amount
Complete the transaction according to the listed payment methods
Understanding Bybit's Account Structure
Bybit divides your funds between two main accounts:
Funding Account: Where deposits initially arrive
Unified Trading Account: Where trading actually takes place
After depositing, you'll need to transfer funds from your Funding account to your Unified Trading account:
Click the "Transfer" button in the top-right corner
Select "From Funding to Unified Trading"
Enter the amount (or click "All" to transfer everything)
Confirm the transfer
To view your portfolio and balance distribution:
Go to "Assets" in the top navigation
Click on your Unified Trading account
Review your cryptocurrency holdings and available balances
Trading on Bybit: Spot vs. Futures
Bybit offers two main types of trading:
Spot vs. Futures Trading: What's the Difference?
Features
Spot Trading
Futures Trading
What You're Trading
Actual cryptocurrency
Contracts that track prices
Ownership
You own the actual asset
You own a contract, not the asset
Leverage
No leverage available
Up to 100x leverage possible
Potential Returns
Based on price movement only
Multiplied by leverage amount
Risk Level
Lower - Limited to your investment
Higher - Possible liquidation risk
Suitable For
Beginners and long-term investors
Experienced traders
How to Access
1. Click "Trade" in navigation
2. Select "Spot"
1. Click "Trade" in navigation
2. Select "Futures"
Beginner Warning
Master spot trading before moving to futures, as leverage can significantly amplify losses.
Spot Trading: Real Cryptocurrency
Spot trading involves buying and selling actual cryptocurrency. When you purchase Bitcoin on the spot market, you own real Bitcoin that you can withdraw to your personal wallet.
To access the Spot market:
Click "Trade" in the top navigation
Select "Spot"
Futures Trading: Leveraged Contracts
Futures trading involves trading contracts that track cryptocurrency prices, often with leverage. This allows for potentially higher profits (and higher risks) by controlling more assets than your account balance would normally allow.
To access the Futures market:
Click "Trade" in the top navigation
Select "Futures"
Warning for beginners: I recommend mastering spot trading before moving to futures, as leverage can significantly amplify losses.
Navigating the Bybit Trading Interface
Let's start by exploring the spot trading interface:
Understanding the Trading Chart
The main price chart displays price movements using candlesticks:
Green candles: Price increased during that period
Red candles: Price decreased during that period
Candle body: Opening and closing prices
Candle wicks: Highest and lowest prices during that period
You can adjust the timeframe by selecting options like 1M (1 minute), 15M (15 minutes), 1H (1 hour), 1D (1 day), etc. Different timeframes reveal different patterns and opportunities.
Reading the Order Book
The order book shows all pending buy and sell orders:
Red section: Sell orders (asks) with prices and quantities
Green section: Buy orders (bids) with prices and quantities
This dynamic display constantly updates as orders are placed, filled, or canceled.
Executing Your First Trade on Bybit
Now let's look at how to place different types of orders:
Understanding Bybit Order Types
Market Orders
Instant ExecutionMarket orders execute immediately at the current market price. They prioritize speed over exact price execution.
1
Select "Buy" or "Sell"
2
Choose "Market" order type
3
Enter the amount to trade (or use slider)
4
Click "Buy BTC" or "Sell BTC"
5
Confirm your order
Key Point: Market orders provide immediate execution but don't guarantee a specific price. In volatile markets, you might experience slippage.
Limit Orders
Control Your PriceLimit orders let you specify the exact price at which you want to buy or sell. They execute only when the market reaches your price.
1
Select "Buy" or "Sell"
2
Choose "Limit" order type
3
Enter your desired price
4
Enter the amount you wish to trade
5
Click "Buy BTC" or "Sell BTC"
6
The order remains open until filled or canceled
Key Point: Buy limit orders must be placed below the current price, while sell limit orders must be placed above the current price (otherwise they'll execute immediately as market orders).
TP/SL Orders
Position ProtectionTake Profit/Stop Loss (TP/SL) orders help manage risk by automatically executing when prices reach certain levels.
1
Select "Buy" or "Sell"
2
Choose "TP/SL" order type
3
Set your trigger price (where the order activates)
4
Choose between "Market" or "Limit" execution
5
Enter the quantity to sell
6
Confirm your order
Example: If Bitcoin is trading at $95,000, you might set a stop-loss at $94,000 to limit potential losses.
Market Orders: Instant Execution
Market orders execute immediately at the current market price:
Select "Buy" or "Sell"
Choose "Market" order type
Enter the amount you wish to trade (or use the slider for percentage of your balance)
Click "Buy BTC" or "Sell BTC"
Confirm your order
Market orders provide immediate execution but don't guarantee a specific price.
Limit Orders: Set Your Price
Limit orders let you specify the exact price at which you want to buy or sell:
Select "Buy" or "Sell"
Choose "Limit" order type
Enter your desired price
Enter the amount you wish to trade
Click "Buy BTC" or "Sell BTC"
The order remains open until filled or canceled
Key point: Buy limit orders must be placed below the current price, while sell limit orders must be placed above the current price (otherwise they'll execute immediately as market orders).
TP/SL Orders: Protecting Your Position
Take Profit/Stop Loss (TP/SL) orders help manage risk by automatically executing when prices reach certain levels:
Select "Buy" or "Sell"
Choose "TP/SL" order type
Set your trigger price (where the order activates)
Choose between "Market" or "Limit" execution
Enter the quantity to sell
Confirm your order
For example, if Bitcoin is trading at $95,000, you might set a stop-loss at $94,000 to limit potential losses.
Trading Different Cryptocurrencies
To change the trading pair:
Click the current pair name in the upper left (e.g., "BTC/USDT")
Search for your desired cryptocurrency
Select from available pairs (e.g., ETH/USDT, XRP/USDT)
Each cryptocurrency has its own chart, order book, and trading history.
Futures Trading with Leverage (Advanced)
For experienced traders, Bybit's futures market offers leverage trading:
Go to "Trade" → "Futures"
Select your desired leverage (e.g., 5x, 10x)
Choose your order type (Market, Limit, TP/SL)
Enter your position size
Set take-profit and stop-loss levels (highly recommended)
Critical concept - Liquidation Price:
When using leverage, always note the "Estimated Liquidation Price" shown before confirming your order. This is the price at which your position will be automatically closed if the market moves against you.
Always ensure your stop-loss is set above your liquidation price, or you risk losing your entire position before your stop-loss triggers.
Technical Analysis Tools on Bybit
Bybit offers several built-in technical analysis tools to help with your trading decisions:
Trend Lines: Identifying Market Direction
To draw trend lines:
Click the "Trend Line Tools" button
Select "Trend Line"
Click and drag from one significant price point to another
Look for chart patterns like:
Ascending trend lines (higher lows)
Descending trend lines (lower highs)
Breakouts through trend lines (potential entry signals)
Volume Analysis: Understanding Market Strength
Volume bars at the bottom of the chart indicate trading activity:
Tall bars: Heavy trading volume (significant price moves)
Short bars: Light trading volume (less significant)
Volume spikes during breakouts: Confirms the strength of the move
MACD Indicator: Momentum and Trend
The MACD (Moving Average Convergence Divergence) helps identify trend strength and potential reversals:
Click "Indicators"
Search for "MACD"
Adjust settings if desired (try 3,10,16 for faster signals)
Look for:
MACD line crossing the signal line
Histogram changes from negative to positive (or vice versa)
Divergence between price and MACD (potential reversal signal)
Fibonacci Retracement: Finding Support and Resistance
This Fibonacci Retracement is a powerful tool helps identify potential reversal zones:
Select "Fibonacci Retracement" from the tools menu
Click and drag from a significant low to a significant high (or vice versa)
Watch for price reactions at key Fibonacci levels (0.382, 0.5, 0.618)
Most price pullbacks find support between the 0.382 and 0.618 retracement levels.
Risk Management: The Key to Long-Term Success
No matter which technical tools or strategies you use, proper risk management is essential:
Always use stop-losses: Never trade without protection
Position sizing: Don't risk more than 1-2% of your account on a single trade
Take profits: Have clear exit strategies for winning trades
Avoid FOMO: Don't chase pumps or panic sell dumps
Start small: Begin with smaller positions until you gain experience
Final Tips for Bybit Trading Success
Before concluding, here are some additional tips to help you succeed:
Practice with small amounts: Start with minimal capital until you're comfortable with the platform
Stay informed: Follow cryptocurrency news and market developments
Keep learning: Technical analysis is a deep subject - continue your education
Be patient: Good trading opportunities come to those who wait
Track performance: Keep a trading journal to review and improve your strategies
The 2025 Bybit Hack and Security Breach: What You Need to Know
On February 21, 2025, Bybit experienced what has been called the largest cryptocurrency heist in history. Hackers, widely attributed to North Korea's state-sponsored Lazarus Group, stole approximately $1.46-1.5 billion in digital assets, primarily Ethereum (ETH), from Bybit's cold wallet during what should have been a routine transfer.
How the Attack Happened
The attackers employed sophisticated tactics in a supply chain attack:
They compromised a developer's machine at Safe{Wallet}, a multisig wallet provider used by Bybit
Malicious code was injected into the wallet interface
Bybit's multisig signers were tricked by a spoofed user interface that made fraudulent transactions appear legitimate
What Happened to the Stolen Funds
The theft initially involved over 400,000 ETH, with the hackers actively laundering the funds:
More than $605 million (270,000 ETH) has been washed through decentralized protocols like THORChain and eXch
Approximately $514 million (229,395 ETH) remained unlaundered as of late February
The FBI designated this a "TraderTraitor" operation and urged the crypto industry to block related transactions
Bybit's Response
Bybit responded swiftly to the security breach:
CEO Ben Zhou assured customers that their funds are safe and fully backed 1:1
A $140 million bounty program was launched to track the funds
Over $4 million has been paid to bounty hunters
A public tracking website was established to monitor 6,338 related wallet addresses
Impact on the Market and Security Implications
The hack had significant ripple effects:
Ethereum's price dropped approximately 17% to $2,300
Investor confidence in centralized exchanges was shaken
Debates intensified about security vulnerabilities in multisig systems
Concerns about regulatory crackdowns on privacy-focused platforms increased
Speculation emerged that the stolen funds may be financing North Korea's military programs
What This Means for Bybit Users
Despite this major security incident, Bybit has maintained operations and customer funds remain protected. This breach underscores several important lessons for all cryptocurrency traders:
Diversify exchange usage: Consider using multiple exchanges rather than keeping all assets on one platform
Use personal wallets: For long-term holdings, self-custody in hardware wallets is safest
Enable all security features: The breach did not compromise individual accounts with proper security
Stay informed: Follow official Bybit communications about ongoing security enhancements
While the breach was significant, Bybit's rapid response and commitment to making customers whole has been praised within the industry. The exchange has since implemented additional security measures to prevent similar attacks in the future.
Bybit Frequently Asked Questions
FAQ
Is Bybit safe to use in 2025?
Yes, Bybit has established itself as a reputable cryptocurrency exchange with strong security measures. Enable all security features (especially 2FA) for maximum account protection. Despite the 2025 security breach, Bybit has implemented additional security measures, maintained operations, and protected customer funds.
How much money do I need to start trading on Bybit?
You can start with as little as $10-20, though a minimum of $100-500 is recommended to absorb potential trading fees and have meaningful position sizes.
Can I use Bybit in my country?
Bybit is available in most countries, but restrictions may apply in certain jurisdictions. Check Bybit's terms of service or contact their support for country-specific information.
What are the fees for trading on Bybit?
Bybit's fee structure includes trading fees, withdrawal fees, and funding rates for futures. Spot trading fees typically range from 0.1% to 0.2%, while futures fees vary based on maker/taker status.
Should I use leverage as a beginner?
No, it's strongly recommended that beginners start with spot trading and avoid leverage until they've gained significant experience and understanding of market dynamics.
What's the difference between stop-loss and liquidation price?
A stop-loss is a price level you set to automatically exit a position to limit losses. Liquidation price is the level at which your leveraged position will be forcibly closed by Bybit if your margin is insufficient.
Test Your Bybit Knowledge
Conclusion
You now have a comprehensive understanding of how to trade on Bybit in 2025, from account creation to advanced trading techniques. Remember that successful trading requires continuous learning, discipline, and proper risk management.
The 2025 security breach serves as an important reminder that even major exchanges face risks, making your personal security practices all the more crucial. Implement all the security recommendations outlined in this guide, and consider diversifying where you store your crypto assets.
If you're ready to start your trading journey, remember to use the special referral link with code 88512 to claim your trading bonuses. As your skills develop, consider exploring the educational resources mentioned throughout this guide to deepen your trading knowledge.
Happy trading, and remember: the most successful traders are those who manage risk effectively, continuously improve their strategies, and never invest more than they can afford to lose.
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