The Bybit Unified Trading Account allows you to trade multi-currency, Spot, Spot Margin, USDT and USDC Perpetuals, USDC Options and USDC Futures in a single account. Read on to find out all about its benefits.

Cryptocurrency is a revolutionary asset class that keeps evolving, and exchanges like Bybit continuously seek to provide users with better and more robust solutions. Many users typically manage multiple accounts on a trading platform. As Bybit's product line expands into 

, you might wish to unify your accounts for better trade optimization. With the Bybit Unified Trading Account, you will now be able to manage all your assets and funds in one account.

Bybit's Unified Trading Account is open for all traders and users alike to access better risk management, higher capital efficiency, 

, and enhanced flexibility. Let's take a look at how the Unified Trading Account works.

The Bybit Unified Trading Account (UTA) enables easy and efficient trading by allowing users to consolidate assets and trade multi-currency, Spot, Spot Margin, USDT and USDC 

All assets can be consolidated without transferring assets between accounts for a comprehensive range of trading products and margins using their U.S. dollar-pegged value. This means that traders can now automatically borrow different cryptocurrencies if the overall portfolio value is sufficient. For instance, even if you don't have ETH in the account, you can still settle trades in ETH – ETH liability is automatically generated, and interest is charged, if applicable.

The Unified Trading Account calculates overall risk and assets on a USD basis at an account level. Given distinct liquidity profiles, assets will be converted at different rates into USD. The USD value of your Unified Trading Account is based on the following calculation:

Total Asset Value (in USD) = Number of Assets × USD Index Price × Conversion Ratio

Your profits and losses are netted within your account and margining is determined across assets. That way, losses on a single position will only trigger liquidation if the account maintenance margin has not been met.

Advantages of Bybit Unified Trading Account

Bybit offers a range of advanced trading products, including Spot, Perpetual contracts and USDC Options, often with generous 

. The Unified Trading Account allows you to manage multiple assets across the crypto ecosystem in one portfolio.

Users can access more than 70 assets as collateral, such as USDT, USDC, BTC and ETH. These assets serve as margin collateral calculated on a total account level rather than for each position. The system automatically calculates the available margin based on the prevailing conversion rate.

Traders can transfer all accepted cryptocurrencies into a UTA and trade any currency, as long as the account has sufficient funds overall.

If you lack sufficient margin for trading, the account will trigger 

. Auto-borrowing is put into effect in several scenarios:

If any of these scenarios occurs, the system automatically processes the borrowing of the necessary asset. The borrowed amount is interest-free within a specified range. For example, assume that Trader A has BTC in his account, but no USDT. When Trader A opens a USDT Perpetual contract and generates a trading fee of 10 USDT, the system will auto-borrow 10 USDT and count it as Trader A's liability. If the borrowed amount exceeds the interest-free amount range, interest will be charged on all liabilities, and hourly interest payments will automatically be made.

The Bybit Unified Trading Account promotes the efficient use of assets in the following ways:

Risk management is particularly robust because the margin is calculated at the account level rather than on the position. Trading profits and losses will offset one another, and you can avoid risk amplification because single losses don't necessarily trigger liquidation. Further, you can apply risk management strategies across a diversified portfolio, thereby improving your risk profile. 

The Unified Trading Account also includes 

, which protects your trades by allowing you to hold both long and short positions on the same asset, thereby mitigating potential losses during market fluctuations. Meanwhile, 

 ensures that your account is protected by offsetting profits and losses, thus preventing single losses from triggering liquidation.

UTA offers three specific margin modes tailored for different levels of trading experience, as follows:

Both Isolated Margin and Cross Margin support One-way and Hedge Modes, with the Hedge Mode only applicable to USDT Perpetual contracts. Meanwhile, Portfolio Margin supports only One-way Mode. 

Who Should Use Bybit Unified Trading Account?

The Bybit Unified Trading Account is ideal for all traders, as it provides convenient one-click access to our six core trading products. Moreover, the account's functionalities are simple to use and relatively suitable for all traders, from retail spot traders to institutional traders who prefer a consolidated account.

. You can access the account via the Bybit app, website or API. The UTA comes with the benefits of a 

, offering users access to more trading assets in one account and a simplified method to trade Spot and Derivatives and manage their portfolios on Bybit.

If you’re looking for cross-asset trading and margining of Spot leverage, Perpetual contracts, USDC Options and USDC Futures, The Bybit Unified Trading Account will bring to you all of these functions with simplicity of use. What’s more, you will also get to enjoy higher capital efficiency and full portfolio visibility. So, to enjoy the flexibility and convenience of owning a single account, make sure to upgrade to a consolidated UTA today!

Beginner

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What Is Bybit Unified Trading Account and How Does It Work?

Solana has unveiled its new smartphone, the Solana Seeker, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders.

The SPX index was up by 1.7%, reaching a new record high after a Federal Reserve rate cut of half a percentage point and optimism about a potential "soft landing" for the U.S. economy. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.69%, with Bitcoin and Ether rising by 5.33% and 6.07%, respectively in the past 24 hours.

Today's top performer is ALT, which surged 17.8% following AltLayer's partnership with Trestle Protocol to launch a modular rollup chain.

AltLayer (ALT), founded in 2021, is a blockchain platform that simplifies the creation and enhancement of Layer 2 rollups, addressing issues such as insufficient validators, slow Ethereum finality, and centralized sequencing. It offers a Rollup-as-a-Service feature for quick, customizable rollup deployments without coding. 

 to launch its rollup chain, utilizing Celestia's infrastructure and Arbitrum's AnyTrust technology. This collaboration highlights the potential of modularity in DeFi, aiming to enhance the ecosystem on Trestle with AltLayer's rollup infrastructure.

Check Out the Latest Prices, Charts, and Data of 

Solana has unveiled its new smartphone, the 

, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders. With a price tag of $450—less than half of its predecessor, the Saga—the Seeker boasts upgraded features, including a premium display, better cameras, and a longer-lasting battery. Geared primarily toward crypto enthusiasts, it includes a built-in Seed Vault for secure storage and a custom software wallet. Each Seeker will also come with a Genesis NFT, offering rewards and exclusive experiences. Solana Mobile plans to refine the product through user feedback before expanding to a broader audience.

Yesterday, the total flow for BTC Spot ETFs was $158.3 million, with all of it coming from non-GBTC sources, as GBTC recorded no flow.

, an AI infrastructure company developing the first open-source Personal Intelligence Network (PIN), has launched its inaugural Galxe Quest campaign, "Introduction to PIN AI." Participants can complete simple tasks such as following on social media and joining Discord or Telegram for a chance at a potential airdrop. The campaign is live until October 2nd. PIN AI recently raised $10 million in pre-seed funding, backed by investors including A16z, Nomad, and Symbolic Capital.

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Solana Unveils Seeker Smartphone with Enhanced Features and Strong Demand

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

Embark on a strategic quest within the world of 

 where mastering daily Morse code puzzles enhances your prowess as a crypto exchange mogul. These challenges not only hone your cognitive skills, but also unlock significant rewards to boost your in-game progress.

, presenting you with a challenge to decipher a Morse code. Successfully solving these puzzles not only bolsters your coin reserves, but also refines your strategic thinking, crucial for excelling within the game’s ecosystem.

Today’s Hamster Kombat Daily Cipher: Sep 20, 2024

 Daily Cipher for Sep 20, 2024, is as follows:

 —•••   —•— —   —•••   ••   —

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

 by trying out the following strategies: 

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today’s Daily Cipher, alongside the diverse interactive activities available in 

 offers ample opportunities to not only boost your coin balance but also deepen your engagement in the game. Each successfully decoded puzzle does more than enhance your financial resources; it also sharpens your mental acuity, enriching every session with both intellectual and monetary gains.

Stay tuned for ongoing updates and expert strategies to maintain your competitive edge in the exciting and ever-evolving world of 

Intermediate

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 20, 2024)

Explore our article to find out what’s the combination for today’s Hamster Kombat’s Daily Combo Cards.

, the compelling tap-to-earn game on Telegram where strategy meets fortune. Today, we present a fresh guide to mastering the Daily Combo challenge, a critical game feature that can significantly boost your coin earnings through thoughtful card selection.

 is a pivotal daily challenge that grants players a chance to win 5 million coins by selecting the right set of three cards from diverse categories including Markets, Legal, PR & Team, Web3 and Specials. This selection is refreshed daily at 12PM UTC, ensuring the gameplay remains intriguing and rewarding.

Today’s Hamster Kombat Daily Combo: Sep 20, 2024

 today, Sep 20, 2024, choose the following cards:

Remember to check out our daily guide at 12PM UTC for the correct combination of cards in order to earn 5 million coins.

Expand your earnings with these additional strategies:

Looking to get your hands on the HMSTR token? Bybit now offers HMSTR via Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

remains a dynamic platform for earning coins through Daily Combos, ongoing missions, passive income opportunities and exciting mini games. The strategic selection of today’s cards — “License Japan,” “Security audition” and “Stacking” — is designed to optimize your returns. As the HMSTR token prepares for launch, engaging early with Bybit Pre-Market Trading can offer substantial strategic benefits.

Stay tuned to this page for continuous updates and expert advice to refine your gameplay and significantly enhance your coin reserves!

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A Guide to Hamster Kombat's Daily Combo Cards (Sep 20, 2024)

Crypto

Bitcoin

There are an increasing number of Bitcoin ATMs around the globe. But how do you use them? Bybit Learn takes a look.

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Depending on where you are in the world, and indeed how acquainted you are with cryptocurrencies, Bitcoin ATMs may either be a very familiar or rather alien concept to you. Traditionally Bitcoin has been and continues to be predominantly bought and sold over the internet, but 

there is an increasing amount of Bitcoin ATMs around the globe. So in the cyber-age, why do Bitcoin ATMs exist? And how do you use them? 

A Bitcoin ATM looks like just a conventional ATM, but instead of dispensing fiat currency, it – you’ve guessed it – dispenses Bitcoins.Some machines also allow you to sell Bitcoin. Worldwide, almost ¾ of machines allow people to buy Bitcoin only.

When you can buy Bitcoin on the internet, why do people use a Bitcoin ATM in the first place?

on the internet, there will be some – perhaps in the older generation – who are still more acquainted with traditional ways of dealing with currency. What a Bitcoin ATM does is give these people a chance to buy some Bitcoin when they’re going about their daily business. They could make it part of their shopping trip  – (1) Buy some groceries (2) Visit the Bitcoin ATM.

Also, it can be very convenient for people traveling abroad, as people can simply use a Bitcoin ATM to exchange for the local fiat currency, instead of having to exchange fiat-to-fiat, which can sometimes be an inconvenient process.

A major advantage of using a Bitcoin ATM is the quick transaction speeds. Transactions can be completed very quickly, in around 15 seconds, in contrast to buying on the internet, which – depending on where you buy – may necessitate people to transfer from their bank accounts to their Bitcoin wallet or vice versa, a process that could take a day or even longer. 

Bitcoin ATMs are safe to use, as there are no third parties involved – only the manufacturer of the machine, and the user. Just as with Bitcoin transactions online, only the user knows the address of their Bitcoin wallet, so as long as this is kept safe, the transaction will be safe. The machines also allow for anonymity, meaning no trail is left after the transactions.

On Bybit, you can register an account without KYC. However, this is not the case for many online exchanges – you need to divulge personal information. At Bitcoin ATMs you are not compelled to – the transactions are all completely anonymous.

Most Bitcoin ATMs are located in countries which have financial inclusion, but the machines are providing lifelines to people in countries where people may not have bank accounts. In Venezuela, for example, a country that has experienced extreme economic hardship in recent years, the country’s first Bitcoin ATM opened in September 2019. Many in the country have turned to Bitcoin as their go-to currency because of hyper-inflation, with ATMs often not able to dispense cash, and so the machine in the town of San Antonio del Táchira is bringing the added benefit to those who use it of being able to give them much needed cash.

A Bitcoin ATM can have two uses. You can buy Bitcoin, or alternatively, sell your Bitcoin for cash. 

It should be emphasized that before you can buy Bitcoin at a Bitcoin ATM, or sell or convert to fiat currency, you will need to have a Bitcoin wallet. Some will actually allow you to create one at the ATM, although others will require you to create one beforehand. Read this guide on 

, if you don’t already have one. Although it may vary slightly between different ATMs, the general process of how to buy Bitcoin at a Bitcoin ATM is the same.

There’s no getting around the fact that Bitcoin ATMs have high transaction fees. The average has been estimated at around 8.5% for buying Bitcoins, and 5.5.% for selling Bitcoins for cash. Compared to Bitcoin transactions done online, this is significantly higher. Unlike regular ATMs, Bitcoin ATMs usually charge a percentage of the transaction rather than a flat fee. Part of the reason for this has been put down to the fact they’re still quite new in their development, but as their numbers continue to expand around the world, and there is more competition between machine manufacturers, then hopefully the fees will come down accordingly.

Bitcoin ATMs work in the same way as normal ATMs, with the only real difference being the security steps, so they are very easy to use. Additionally, to the less computer-literate among us, and in less economically developed countries, it may be more convenient to use a Bitcoin ATM to buy and sell Bitcoin rather than doing so over the internet.

How Many Bitcoin ATMs Are There Worldwide?

Throughout 2020, the number of Bitcoin ATMs grew at a mammoth rate. By November 2020, the number was nearing 12,000, but at the beginning of the year, the number was just above the 6,000 mark. Every hour there’s a new machine installed. 

North America leads the way in their geographical distribution, with 87% of Bitcoin ATMs around the world located in the United States or Canada. Europe is next on 10%, with the United Kingdom leading the way. Perhaps surprisingly, despite being the much labeled ‘crypto hub of the world’, Asia has less than 1% of all Bitcoin ATMs. Hong Kong leads the way in Asia. 

Bitcoin ATMs certainly will appeal to many for their convenience, and their increasing prominence is helping to propel Bitcoin into the eyes of the wider population as a legitimate currency. However. as with most things that have the potential to become mainstream, there are stumbling blocks. The high transaction fees may well be one of those factors holding Bitcoin ATMs back from expanding in numbers even more. Yet as their expansion worldwide continues, and with more competition between the machine manufacturers, hopefully, fees can come down – and their usage increases. This, in turn, can only help in bringing about the mass adoption of Bitcoin.

With this new found knowledge in crypto, why not sign up to Bybit?

Bitcoin ATMs: How To Use Them and How They Work

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards