Learn what drives crypto volatility and discover strategies to manage it, from portfolio diversification to hedging, emotion-free investing, and utilizing smart order types like stop-loss.

The volatility of the crypto market is often thought to be on a scale of its own, with Bitcoin (BTC) and other cryptocurrencies frequently going through head-spinning price roller coasters. In the past few years, the world's leading cryptocurrency asset (and the primary gauge of the overall crypto market's performance), the BTC coin, has experienced wild price swings. In March 2022, having just begun to recover from the catastrophic losses of the November 2021 crash, Bitcoin entered a multi-month steep decline, losing nearly two-thirds of its value between late March 2022 and early November of the same year.

More recent times have also witnessed Bitcoin's well-known volatility. Between early October 2023 and late March 2024, the cryptocurrency appreciated by 174%, a rate of growth that sounds nearly surreal to a stock market investor. By the time of this writing (Sep 12, 2024), Bitcoin has lost around 21% of those March 2024 highs and continues to demonstrate significant volatility. 

What drives the volatility of Bitcoin and the overall crypto market — and how can investors shield themselves from it? In this article, we take a closer look at crypto volatility and the best ways to manage it.

The volatility of a financial asset is defined as the rate of variation in its price over a specific period of time. Assets with high price volatility are characterized by more pronounced and frequent price fluctuations. More volatile assets are also considered riskier from an investment perspective. However, as any market participant knows, higher risk levels also mean higher return opportunities. In fact, in financial markets, volatility is synonymous with risk.

Volatility is typically measured using the 

, which shows an asset's typical magnitudes of change within a defined period. Normally, this volatility is expressed as a percentage.

Crypto Volatility vs. Traditional Market Volatility

The crypto market's typical volatility is considerably higher than the average volatility of stock markets, and often exceeds the volatility of commodities markets as well. Even Bitcoin, which is considered far less volatile than smaller-cap 

, has much higher volatility levels than traditional financial assets. While Bitcoin's one-year volatility may be declining, as shown in the chart below, it still stood at around 40% as of April 2024. In contrast, the one-year volatility of gold, global equities (ACWI IMI) and U.S. bonds (US Agg) was around 10% in April 2024, four times lower than that of Bitcoin.

The key factors contributing to the crypto market's higher volatility in comparison to traditional markets include:

Sentiment plays an important role in any market, but is particularly influential in crypto markets, as they have lower barriers to entry compared to stock markets. For instance, on many 

 (CEXs), you can start investing with just a few dollars and no identity or residence verification requirements. As a result, many novice retail investors have joined the crypto market. These investors often lack the expertise to conduct a thorough 

 of the market. As a result, they’re often driven by sentiment, particularly social media sentiment and online news.

The relatively younger age of crypto investors compared to stock market participants also makes them more prolific social media users, and social media is the primary source where emotions, hype, opinion and other elements of sentiment around crypto assets are forged. Just ask Elon Musk, one social media influencer with a penchant for swaying sentiment around assets like Bitcoin and Dogecoin (DOGE).

The first, rudimentary crypto markets began to emerge around 2010–2011. As such, the crypto market is at most 14 years old. In comparison, trading in stocks has been around for a few centuries, while commodities markets have existed for millennia. The immaturity of the crypto market means that its defining properties and rules are still being actively developed.

Compared to traditional markets, the crypto market has low levels of regulation, although this is slowly changing. In the aftermath of the 

, regulators in the U.S. and across the globe have enacted, or are in the process of enacting, laws that would better regulate crypto trading and investment. For instance, in 2023, the U.S. Securities and Exchange Commission (SEC) 

, opening the way to bringing investment in these assets under regulatory control. The 

 in the U.S. in early 2024 has also made many analysts confident about the further stabilizing of crypto prices as more mainstream investors get exposed to Bitcoin.

However, the crypto market in general continues to be much less regulated than stock markets, which acts as one contributor to its notorious volatility.

Macroeconomic indicators like inflation rates, central bank interest rates, GDP growth rates, major free trade agreements and more have the potential to significantly affect the volatility of the cryptocurrency market. In part, this is often caused by the reallocations between asset classes initiated by large institutional investors. As a response to macroeconomic data and forecasts, these investors might shift funds between crypto and other asset classes, such as bonds, stocks or commodities. Since the crypto market has much less liquidity than traditional markets, any such reallocations can greatly affect it.

Unlike the stock market and other traditional markets, the crypto market is open 24/7 and experiences no interruption to its trading processes. The continuous nature of the market also contributes to its volatility.

Some order types and techniques can be particularly useful in 

 and digital assets. These include stop-loss orders, take-profit orders, position sizing and put options.

 orders come with an instruction to buy or sell an asset when it reaches a certain level, known as the stop price. These orders are widely used to minimize potential trading losses, and can be highly useful for limiting losses in the high-volatility environment of the crypto market.

 orders instruct traders to close a trading position when they achieve a pre-specified profit level. While stop-loss orders are used to minimize losses, take-profit orders are designed to protect profits.

 refers to the number of units a trader allocates to a specific position, taking into account their overall portfolio and 

. In high-volatility markets, position sizing can help you avoid losses resulting from overreliance on a single asset or position.

 is an options contract that gives you the right to sell a target asset at a specific price within a specified period. Put options can provide valuable protection against price losses when a high-volatility market suddenly turns bearish.

Portfolio diversification is another useful method for managing volatility. By splitting your total investment into different asset types or coins that share low or negative correlations with each other, you can protect your overall portfolio from adverse price movements. For instance, under certain market conditions, Bitcoin may exhibit low correlations with the stock market, primarily non-technology stocks. By splitting your overall portfolio between Bitcoin and non-tech stocks, you could, hopefully, expect positive returns from the latter at times when the former enters a period of losses.

 is a popular investment risk minimization approach. In its most classic form, hedging is based on opening offsetting or opposite positions to protect yourself from adverse price movements. Earlier, we noted how put options can be used to manage the volatility of the crypto market. One example of hedging would be to buy a put option on an asset on which you're currently going long. Conversely, you would buy a call option on an asset you're currently shorting as part of your hedging strategy.

Managing your emotions during trading is a critical skill, particularly in the highly volatile environment of the crypto market. The market is strongly driven by sentiment, and one way to detach yourself from emotion-based trading is to recognize the prevalent sentiment. You can do so by using crypto sentiment indices designed to measure the levels of fear (aversion to buying/predisposition to selling) and greed (aversion to selling/predisposition to buying) dominating the market. One such indicator, the 

, is offered by the Alternative.me portal.

Besides using market-wide sentiment measures, strive to base your decisions on thorough research of the crypto of interest to you in order to avoid emotion-based investing. As a minimum, this should include facts about the team behind the project, coin distribution schemes, actual activity on the platform linked to the coin, its road map and white paper, VC capital raised and historical price performance.

Useful Trading Tools for Managing Crypto Volatility

Volume analysis involves studying a crypto asset's overall trading volumes (the sum of buying and selling volume) over a period of time, such as 24 hours, 7 days, 14 days, 30 days, 3 months or longer periods. Many analysts believe that volume spikes precede price increases, while volume declines are followed by price losses.

 (MAs) can be an effective visual aid in studying the volatility of crypto assets. The 

 is derived by calculating the averages for a certain number of the latest price points (e.g., daily closing prices) for a crypto asset. These averages are then plotted along with the main price line on a chart. A typical number for the latest price points used in the calculation is often 5, 10, 20, 50 or 200, and can also vary depending upon the analyst's choice. MA-derived price lines are normally smoother than actual asset price lines, providing a useful visual tool for detecting upcoming trend reversals.

 are a visual tool for identifying trends and momentum for an asset. A Bollinger Band chart consists of three lines — a 20-day moving average price line, an upper line set at two standard deviations above the MA line and a lower line set at two standard deviations below the MA line. The number of periods for the MA line and the number of standard deviations used for the upper and lower lines can be modified, depending upon the analyst's preferences.

 (ATR) indicator is a 14-day moving average of true ranges for an asset. Each true range value is the largest difference between the asset's most recent high and most recent low. ATR is a useful measure for assessing the price volatility of an asset.

 is a valuable tool for assessing price volatility and identifying support and resistance levels. Using Fibonacci retracement, you first consider two price extremes for a given period on the price chart: the swing high and the swing low. You then calculate and plot several price points within the range, as horizontal charts. These price points typically correspond to 23.6%, 38.2%, 50%, 61.8% and 78.6% of the range. The percentages are based on Fibonacci numbers, which occur in many sequences in the natural world. When the asset price touches the horizontal Fibonacci levels on the chart, it provides an indication to traders concerning potential price reversals, consolidations and breakouts.

 (RSI) indicator is a technical analysis measure that indicates whether an asset is overbought (due for a correction) or oversold (due for a recovery). RSI represents a value between 0 and 100. Values above 70 indicate that an asset is overbought, while values below 30 signal an oversold asset.

Crypto market volatility presents significant challenges and unique profit opportunities for investors who aren't shy of high-risk/high-return environments. The immaturity of the crypto market, alongside its low levels of regulation, 24/7 trading opportunities and high susceptibility to sentiment-driven swings will continue to shape the nature of crypto trading. In this environment, it's critical for traders and investors to manage high levels of volatility using the methods, indicators and order types we've outlined above.

Intermediate

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What Is Crypto Volatility and How to Manage It

Render Network (RENDER) is a blockchain app enabling decentralized GPU power trading for various use cases like computer rendering and AI.

 (DePINs) are two high-growth areas within the blockchain industry. The former involves decentralized protocols and apps that leverage AI algorithms and computations to enable a wide variety of use cases, while the latter refers to solutions that enable a decentralized trade in computing resources over blockchain networks.

Render Network (RENDER) is among the leading projects at the junction of these two high-growth niches. The project, which started out on 

 (SOL), enables the decentralized trade in GPU computing power to facilitate the processing of graphics rendering and AI jobs. Since the beginning of its public access era in April 2020, Render Network has been among the most popular 

 (DApps) for processing 3D graphics and animation rendering jobs. 

In 2023, the project first added to its arsenal the specialization in AI computations, and later on made a pivotal transition from Ethereum to Solana, rebranding its native token from the original Ethereum-based RNDR to the Solana-based RENDER.

 (RENDER) is a blockchain-based app that facilitates the decentralized trade in GPU power to enable a variety of use cases in computer rendering and AI niches.

 It was originally launched on the Ethereum blockchain in 2020 with the native cryptocurrency ticker RNDR. In late 2023, the project moved to the Solana blockchain and rebranded its new Solana-based native token to RENDER.

Render Network lets one type of user, Node Operators, provide their computers' idle GPU processing capacity to help another user group, Creators, process their computer rendering and AI computational jobs. By providing a 

 for GPU capacity trade, Render Network aims to make rendering and AI computations more accessible to wider segments of creators. Computer rendering is the process of transforming initial 2D graphics model specifications into visually rich 3D or 2D finalized graphics or animation outputs. 

The rendering process is computationally demanding, and often requires expensive, high-spec computer hardware. Many smaller studios and individual creators can’t afford such powerful computers, or have to overstretch their budgets to own these machines. Moreover, alternatives in the form of centralized GPU cloud rendering platforms aren't particularly flexible or affordable.

Render Network makes it possible for Creators to access the hardware resources needed for rendering jobs on a flexible and affordable per-use basis. It also helps GPU owners make their hardware capacity available over the network and earn crypto rewards in the process.

The platform launched publicly in April 2020, quickly establishing itself as the leader of the computer rendering niche in the 

 world. In 2023, Render Network added the capacity to process AI computations in addition to its core specialization — graphics rendering.

Besides being the absolute, undisputed leader of its highly specialized area — decentralized computer rendering — the Render Network project is also among the leading web3 platforms in at least three high-growth categories: DePIN, AI and the 

. A typical DePIN enabling the distributed trade in computing resources between providers and consumers, Render Network is among the top DePIN projects, with the RENDER token ranked second by market cap within the category as of Aug 13, 2024.

The Render Network project was founded in California in 2017 by OTOY Inc., a market-leading cloud rendering provider. OTOY, founded in 2008, is a major trailblazer within the rendering niche and owns the rights to 

, the world's first unbiased, spectrally accurate rendering software.

Originally launched on Ethereum, Render Network transitioned to Solana’s blockchain in late 2023 to take advantage of the latter's superior scalability and lower transaction costs. Render Network offers three pricing tiers: Tier 1 is reserved for large-scale, custom requests from enterprise clients, while Tiers 2 and 3 are available to any user. Tier 2 jobs are more expensive, but have a higher priority and offer better performance than Tier 3 tasks.

Of the network’s two main actors, Creators and Node Operators, Creators can be individuals, smaller design studios or even large Hollywood studios that need to access GPU resources to process their rendering jobs. Creators pay for accessing the hardware resources based on a tiered pricing system. 

 also function within the network by contributing staked RENDER to the 

 on partnered exchanges. Liquidity providers are crucial in allowing RENDER to be available for Render Network's unique Burn and Mint Equilibrium system (covered in a later section).

Node Operators, previously referred to as 

 nodes, make their GPU processing capacity available in exchange for rewards in RENDER tokens. Their machines must meet certain hardware capacity requirements, such as a minimum GPU and other specs. While Node Operators have some freedom in terms of job preferences, their actual job allocations are primarily determined by their reputation scores and other factors, as covered below.

A key factor involved in the decentralized trade in GPU resources on Render Network’s platform is reputation scores. Both Creators and Node Operators are assigned reputation scores based on the history of their on-platform activity. Creators with a history of reliable participation and spending have higher reputation scores, which in turn opens up opportunities to access more concurrent GPU resources and providers.

For Node Operators, reputation scores are also of critical importance. Their scores are determined based on the rate of successful job completions and each job’s complexity. More complex jobs provide a larger boost to their reputation scores. Node Operators with higher scores can then access more high-value job processing opportunities on the network.

When rendering and AI processing requests are delivered to the network, the platform uses a multi-variable system to allocate the jobs to specific GPU providers. Creator and Node Operator reputation scores are some of the variables used in the allocation process. For instance, the Creator's reputation score largely determines the "priority modifier" added to each job. This modifier signals the job's "appeal factor" to Node Operator nodes.

Besides reputation scores, other job allocation variables are the hardware requirements selected by the Creator, time on the network, pricing tier chosen and OctaneBench score (a popular benchmark for GPU rendering).

In order to standardize and quantify the amount of rendering work required, the Render Network team has developed a measure called OctaneBench. Each unit of OctaneBench denotes a standardized amount of rendering work. More powerful GPUs have higher OctaneBench scores, meaning that they can carry out more rendering work per unit of time. As such, a provider's OctaneBench score essentially signals the processing capacity of their machine.

OctaneBench scores are used to provide a standardized measure for assessing the complexity of rendering jobs. Computer rendering jobs differ substantially based on their complexity, type and duration requirements. Naturally, systems with more powerful GPUs are capable of completing the same amount of work faster than systems with lower-specification GPUs.

Render Network opens up opportunities for use cases in various spheres, including 

, product design and development, projection mapping, AI and many others. In fact, any industry or professional niche that relies on high-performance computer rendering or AI computations can benefit from Render Network's core functionality.

Perhaps the most relevant use cases for Render Network include the film and gaming industries, as well as other sectors that rely on visually rich media outputs. In the gaming and GameFi sectors, Render Network enables high-quality animations involving augmented reality (AR) and virtual reality (VR) technologies.

The platform also supports the creation and application of 

 and NFT-based gaming assets with advanced, sophisticated features, such as next-generation interactivity.

Using Render Network, artists and studios can rapidly prototype many alternative product designs with 3D features. This can significantly improve the efficiency and quality of the overall product design and development processes in creative industries.

Rendering high-resolution projections and simulations in open environments like stadiums and concert arenas requires tremendous amounts of processing power. This is where Render Network comes into the picture, with its ability to provide rendering affordably and on-scale.

 and AI-generated visual content are additional areas that benefit from Render Network's vast processing capacity. Recognizing the explosive growth in AI, Render Network has specifically added a new specialization in this area to its functional set. Essentially, through the Render Network SDK, developers can leverage the network's decentralized GPUs for various AI compute tasks.

What Is the Render Network Token (RENDER)?

Render Network’s app was originally launched on Ethereum, with the RNDR token as its native cryptocurrency. The RNDR token is based on the 

 standard, Ethereum's default standard for fungible crypto assets. In late 2023, the Render Network community voted to move the platform to Solana. Along with the move, the project issued a new native cryptocurrency, RENDER, based on Solana's SPL format. Holders of RNDR can convert their tokens to RENDER at a fixed ratio of 1:1.

RENDER is an enhanced version of RNDR, featuring an added escrow 

 functionality. This ensures that the tokens required to pay the Node Operator for a Creator's requested job are securely held in escrow until the work is confirmed.

RENDER has mostly replaced RNDR as the asset used for payments, governance and other key functions on the network. However, the RNDR token, historically popular among crypto investors, still has many holders who haven't converted their investment to RENDER. As of August 2024, centralized crypto exchanges have converted — or are in the process of converting — customers' RNDR funds to RENDER.

Major crypto data portals, including CoinGecko and CoinMarketCap, report the RENDER token's total supply at around 532 million. However, this figure largely reflects the issuance of the original Ethereum-based RNDR token. As of Aug 9, 2024, the current supply of the 

 stands at around 227 million. It’s expected to hit the total supply of 532 million once all RNDR tokens have been fully migrated to RENDER.

RENDER facilitates service fee payments on Render Network and payouts to GPU power providers, and is also distributed as rewards to liquidity providers. Creators currently have the option to pay in RENDER tokens or fiat currency to access processing capacity on the network. Node Operators are reimbursed in RENDER for renting out their machines' hardware capacity. Finally, liquidity providers are rewarded with an additional percentage of RENDER for contributing staked RENDER to liquidity pools on partnered exchanges.

 is another key functionality of the RENDER token. Holders of the token can take part in the voting process concerning any key changes and improvements to the platform. Those who hold RENDER can participate in the so-called Nation voting on the platform. Additionally, holders of the old RNDR tokens can cast their votes through an alternative mechanism called Snapshot voting. 

Given the project team's commitment to migrate all functions of RNDR to RENDER, it's likely that the Snapshot votes using RNDR will eventually be phased out completely.

In order to keep the costs of rendering and AI jobs predictable and stable for Creators, Render Network has introduced a Burn and Mint Equilibrium (BME) system for the RENDER token to determine price via a supply-and-demand equilibrium. Under the BME system, Creators pay for their jobs by converting fiat currency to RENDER using a number of distributed liquidity pools. Naturally, this conversion could lead to an uncontrolled increase in RENDER's supply as the jobs are paid for. To avoid this, additional RENDER used to pay for processing jobs are 

The RENDER token emission distribution per epoch (spanning one week) is then adjusted based on the network usage. Per epoch, Creators can be refunded a percentage of their RENDER spent that epoch in the form of RENDER, further incentivizing them to request for jobs within the network. Node operators are rewarded in two ways: availability rewards for their activity within the network, or completion rewards for successful job completion. Liquidity providers are rewarded for staking RENDER in liquidity pools on partnered exchanges.

Render Network has also implemented a net emissions cap by recycling some burned RENDER each epoch to ensure that network participants can still receive rewards in the long term, even when the supply cap for RENDER has been reached.

, with USDT. All of the trading involves the new RENDER token. By the end of July 2024, Bybit had completed its conversion of all RNDR assets and contracts to RENDER.

As of Aug 16, 2024, the RENDER token is trading at $4.53, which is 66.5% lower than its all-time high (ATH) of $13.53, achieved on Mar 17, 2024, and over 12,000% higher than its all-time low (ATL) of $0.03666, recorded on Jun 16, 2020 (as the old RNDR token).

Long-term price forecasts for RENDER are bullish.PricePrediction 

 to trade at $13.98 in 2025 and $87.29 in 2030, whileDigitalCoinPrice 

 rise to $11.70 in 2025 and $33.92 in 2030.

RENDER, both in its new format and as the old RNDR token, is a popular asset in the crypto investor community. Some consider that the token has the potential to reach levels as high as $50 or even $100. Attaining a price of $50 in a few years is quite feasible for the token, and at least one major crypto forecast portal, PricePrediction, sees the token climbing to this level by 2029. Render Network is a project full of promise and potential, and while $50 might seem challenging, it's certainly not out of the question if an investor adopts a long-term hold strategy.

The $100 level, however, is a much more challenging proposition, at least within the next five years. For RENDER to reach such heights within this time frame, the overall crypto market would need to receive a massive structural boost, in addition to Render Network maintaining its leadership roles in several market categories.

RENDER has long been considered among the most popular product-oriented cryptocurrencies to own. The project's leadership positions in several key niches — DePIN, AI and the metaverse — have always attracted the attention of investors. Within its specialized but highly lucrative area, computer rendering, the platform retains virtually unchallenged dominance.

All these factors make RENDER a darling of many institutional and retail investors. Short of any unexpected, and rather unlikely, project-specific fiasco, RENDER would fail to deliver only if the entire crypto market — including the most stable and popular crypto assets in it — also failed. Well-supported by a highly functional business model, RENDER is considered by some analysts to be one of the best cryptocurrencies to own, particularly for long-term investment.

That said, it's important to note that crypto projects can be highly volatile, and it’s recommended you 

Supported by the booming niches of AI, gaming and the metaverse, Render Network is a key crypto project at every level of the industry. By enabling more affordable, flexible and scalable rendering services, the platform is a major catalyst for the explosive growth in visually sophisticated products and services on the market.

With the addition of AI computational capacity in 2023, Render Network has further solidified its competitive position. As of 2024, few, if any, crypto projects on the market hold leading positions in as many high-growth sectors as Render Network.

Render Network.png

What Is Render Network (RENDER): The Future of 3D Rendering

Enjoy buying crypto on Bybit without worrying about the hefty fees. We explore different ways to getting crypto with the most optimized methods. 

Bybit’s globally recognized crypto exchange features an intuitive interface that eliminates the confusing crypto buying process for all users. Security and reliability are paramount at Bybit, and we’ve partnered with a wide range of payment providers and gateways who share these same values to provide a seamless crypto checkout system that helps you get BTC, ETH, XRP, USDT and more, using your local currencies. 

With Bybit, you can purchase crypto in a few quick ways — whether it’s via Bybit One-Click Buy (express checkout), credit and debit cards, peer-to-peer (P2P) trading or simply exchanging assets on the Spot market. We optimize and absorb most of the transaction costs, offering zero-fee crypto buying services so you can accumulate more crypto. 

In this guide, we’ll explore the different ways to safely obtain crypto on Bybit without fees.

There are numerous benefits to buying crypto with Bybit. 

Bybit’s platform uses advanced technology to protect your funds and personal information. In addition, we offer a wide variety of cryptocurrencies for you to choose from, including BTC, ETH, USDC, USDT and XRP. 

Traders and buyers from around the globe can obtain cryptocurrencies with their local fiat, including EUR, JPY, HKD, GBP, TRY, MYR, PHP and more. 

World-Class User Interface and Payment Options

Bybit’s platform features a user-friendly interface that makes it easy for both beginning and experienced traders to navigate, as well as a wide range of payment options for users to buy cryptocurrencies. 

In addition to the above benefits, Bybit offers 24/7 multilingual customer service. Whether you have a question about how to buy crypto or you're facing technical issues, you can always reach out to our support team for assistance. Furthermore, Bybit provides 

 to help you better understand the crypto market, including trading guides, market analysis and webinars.

Perhaps the most attractive benefit of all when using Bybit is the opportunity to buy crypto without paying hefty transaction fees. This can significantly increase your profits, especially if you're a frequent trader. 

In the following sections, we’ll explain how to take advantage of this benefit in detail.

Step-by-Step Guide: How to Buy Crypto on Bybit

If you're new to Bybit, don't worry — because buying crypto on the platform is a straightforward process. Here's a step-by-step guide to help you.

. Visit the Bybit website and click on the 

 button. You'll need to provide your email address and create a password. After you've completed the registration process, log in to your account.

The fee structure of P2P trading corresponds to two types: Taker and Maker.

 P2P on Bybit offers zero transaction fees for Takers and Makers. 

You can now purchase cryptocurrencies with more than 

 on Bybit using Apple Pay and Google Pay on the 

From Aug 2, 2024, 10AM UTC–Aug 30, 2024, 10AM UTC, you can 

 on Bybit when paying a minimum of 100 USDT or equivalent with Apple Pay.

If you wish to pay using your fiat balance on Bybit, you must first transfer fiat currency to your Bybit 

. Note that fees may be associated with your fiat deposit, depending upon the fiat currency and payment method that you’ve selected.

Third-party payment is another method with which you can buy crypto on the 

page. Currently, three types of crypto are accepted via third-party payment: 

, you can instantly exchange or convert one cryptocurrency to another by leveraging the exchange's order books. The exchange rates for conversions are based on the best quote prices from several market makers, according to the current index price for the assets involved.

 is another option which can be accessed via One-Click Buy.

 is a Mastercard crypto debit card that lets you off-ramp your crypto assets quickly and safely for crypto transactions around the world. It can also be used for crypto purchases on Bybit. Every time you make a transaction, you’ll also earn loyalty points, which can then be redeemed for attractive rewards such as cashback. Bybit Card is now supported on Apple Pay (EEA only), Google Pay (EEA and AU), Samsung Pay and more (EEA only).

You can apply for the virtual or physical version of the Bybit Card. The 

 lets you make online payments once you’ve successfully applied. Meanwhile, you can make both online and contactless payments in retail stores with a physical Bybit Card.

To buy crypto with your Bybit Card, you’ll first have to activate it. You can apply for a virtual Bybit Card from your dashboard. Once your account has been verified, you can 

. The virtual Bybit Card is issued automatically once the application is successful. You must first obtain a virtual card in order to apply for a physical card.

After obtaining your card, you’ll need to fund it by purchasing crypto with the 

 terminal on Bybit, which will be used to facilitate transactions using your Bybit Card.

How to Avoid Paying Fees When Buying Crypto on Bybit

In order to avoid paying fees when buying crypto on Bybit, it’s important to understand the differences between the payment methods you’ve chosen to proceed with. 

Depositing EUR to the platform and using the Spot market to receive USDC in return involves market orders and limit orders, which incur a fee. 

However, you'll be exempted from deposit fees if you deposit local fiat currencies to the platform using Bybit Fiat. Most fiat currencies — such as HKD, TRY and more — are entitled to zero-fee programs. However, there are exceptions for some currencies. Users are encouraged to check the notification box before confirming their order checkout. 

Users who want to avoid paying fees when buying crypto on Bybit can also opt for Bybit P2P to get exactly what they’ve asked for when exchanging currencies with peers. Bybit helps facilitate the buying and selling of two users' holdings at an optimal, agreed-upon price without taking a cut from the transaction.

Another way to avoid paying fees is through Bybit Convert, which allows for quick and 

-free conversions by capitalizing on the exchange's order books. Bybit efficiently matches your request with an appropriate order, ensuring a swift and seamless conversion without slippage.

Risks and Rewards of Buying Crypto on Bybit

Beginner

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How to Buy Crypto on Bybit With Zero Fees (A Complete Guide)

Learn to protect your cryptocurrency by choosing a reliable exchange and the right wallet, plus many more tips to secure your crypto.

 dominated headlines across the financial world, triggering a market crash that stands as one of the most shocking events in crypto history. While the market has since rebounded, even reaching new heights earlier in 2024, several unexpected challenges have since emerged.

Earlier this year, the crypto community was shaken by significant setbacks. One of the most devastating incidents occurred in July when the Indian crypto exchange WazirX was hacked, resulting in the loss of over $230 million. Additionally, the U.S. Department of Justice uncovered a staggering $1.89 billion cryptocurrency fraud orchestrated by HyperFund, a scheme that lured investors with promises of substantial returns from non-existent cryptocurrency mining operations.

As we reflect on these losses, it's crucial to internalize the lessons they impart. Protecting and securing your cryptocurrency is essential to 

. Selecting a reliable exchange is a vital step in this process. Bybit stands out as a highly liquid and dependable exchange, offering exceptional 24/7 customer service to ensure your crypto assets remain secure.

Beyond choosing the right exchange, staying informed about the rapidly evolving trends and news within the crypto industry is key to protecting your investments.

Here are some valuable tips to safeguard your crypto.

, it’s clear that transparency is imperative to regulate the health of the crypto industry. The best way for crypto exchanges to prove they’re merited custodians is by presenting a Merkle tree proof of reserves (PoR) certificate. Bybit shows we’re ready to be fully transparent with our clients as we work to 

, showing all customers’ balances are completely stored in the exchange and can be withdrawn anytime.

Bybit has never been hacked and is among the most reliable exchanges with unparalleled security. What’s more, you can enhance the protection of your Bybit account with two easy steps. First, create a strong password. Next, turn on 2FA and bind it to your Google Authenticator. Having the combination of a strong password and a 2FA gives you maximum security for your account and assets.

Besides protecting your exchange account, another way to boost your security when trading and investing in exchanges is through crypto insurance. Some exchanges offer it to ensure your funds are protected even if the exchange gets hacked. Bybit offers our own form of crypto-safety assurance with an insurance fund that protects traders from 

Since the crypto market is highly volatile, learning how to cut losses is just as important as learning how to make profits. You can protect your positions with two types of orders: Stop-loss order and stop-limit order. 

Stop-loss order is an easy way to limit your potential losses, as it’s automated. All you have to do is set a stop-loss order at a specific price level and the order will automatically close when it touches that level. 

Stop-limit order combines a stop order and a limit order, so you have two prices to set. While more complex than a stop-loss order, a stop-limit order gives you greater control over your trade. It’s a valuable tool in a volatile market.

It’s essential to choose the right wallet for storing your cryptocurrencies. Here are the different types of 

 to know about before making a decision. 

Custodial wallets are wallets used by crypto exchanges and DeFi platforms. When you place your crypto in one of these wallets, you’re entrusting your funds to a third-party custodian. Hence, choosing a reliable wallet/custodian is crucial. Among the best custodial wallets, 

 keeps your assets and private key fully secure, and gives you access to the web3 space where you can explore NFTs, DeFi and GameFi. 

A noncustodial wallet is managed fully by you. It requires a certain level of crypto know-how to use, since you’ll be keeping track of your keys and assets on your own.

Hot wallets are online wallets that can be either custodial or noncustodial. When using hot wallets, users may be subject to hacks. If you intend to HODL your crypto, it may be advisable to invest in a cold wallet for further protection. Unlike hot wallets, cold wallets aren’t connected to the internet. They won’t fall prey to malware or hacking attacks, making them an incredibly safe wallet to store your crypto assets.

A multisig wallet helps you store your cryptocurrency more securely, as you can only access your assets when two or more signatures are entered together.

When you use a noncustodial hot wallet, you need to back up your private key to ensure your crypto stays secure. There are four ways to do it: 1) use a 

; 2) back up your wallet file; 3) export your private keys; 4) perform a physical backup on paper or a flash drive.

Crypto scams are rife within the industry. Among the biggest of 2022 is the 

 which amplified the impact of the crypto crash. Crypto scams can range from rug pulls to pump-and-dump, phishing and more. Since many 

of scams unfold, keeping up-to-date with the news and catching on to the existing scams will help you stay clear of them. 

When trading crypto on exchanges that offer peer-to-peer (P2P) trading services, be aware that P2P scams can occur if the seller attempts to skirt the exchange’s escrow system by making an external transaction with the buyer. After the seller receives the buyer’s payment, the scammer pretends the transaction didn’t go through, and refuses to keep their end of the bargain. 

To protect yourself from P2P scams, conduct all trading on the exchange. Bybit ensures customers are well taken care of with 24/7 customer service and escrow service.

In the decentralized space, absolute ownership comes with absolute responsibility. You get to own your cryptocurrency, so it’s important for you to secure your crypto funds and not lose them. Make sure you trade on a safe and reliable exchange such as Bybit, learn to prevent loss in your trades, choose the right wallet in which to store your crypto, back up your private keys, and stay educated on scams and frauds. These measures will keep your wallet damage to a minimum even in the most catastrophic of events.

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Crypto User Protection Guide: Best Practices to Safeguard Your Assets

There are seven main ways to purchase Bitcoin: Crypto exchanges, P2P trading, Bitcoin ATMs, trusts or ETFs, brokers, cash payment apps and trading apps.

 (BTC) was the first cryptocurrency to be created. It remains the king of crypto today, with a 

 of $1.15 trillion (as of Aug 12, 2024). When it comes to buying crypto, investors often select Bitcoin above all the available alternatives, thanks to its popularity.

However, those who are making their first steps in the world of cryptocurrencies may initially find it difficult to buy Bitcoin since the process of purchasing crypto may be an alien concept to them. Fear not, as this guide will provide a comprehensive explanation of different methods for buying Bitcoin.

There are many valid methods of buying Bitcoin available to any potential purchaser. The two most popular are through crypto exchanges and P2P platforms. Other ways to buy Bitcoin include Bitcoin ATMs, trusts or exchange-traded funds (ETFs), brokers and various apps. Let’s view each of them in detail. 

There are two types of cryptocurrency exchanges: centralized and decentralized. 

 (CEXs) are typically deemed the best choice for beginners for their security, convenience and user-friendly platforms. Many offer various options of payment. For instance, investors can choose to buy bitcoins either with fiat currency or with other cryptos. The possibility of buying crypto for fiat is especially handy for newbies, as it facilitates the onboarding process.

Fiat-to-crypto CEXs offer a chance to buy crypto using various traditional payment methods, such as bank and wire transfers or a debit/credit card. You can make your initial purchase on such reputable platforms as Bybit.

Each CEX provides different anti-money laundering (AML) policies and requires different levels of 

 (KYC). What they have in common is a user-friendly interface and a simple onboarding process for newbies.

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