How to buy Bitcoin with the Bybit app
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Bitcoin (BTC) is the world's most popular cryptocurrency, and is widely used by investors and traders globally. Bybit is a trusted cryptocurrency exchange that’s designed to simplify crypto purchases. Its user-friendly app makes buying Bitcoin simple and secure for everyone, from beginners to seasoned traders. This article shows you step-by-step how to buy Bitcoin with the Bybit app.
Key Takeaways:
The Bybit app makes buying Bitcoin easy and accessible for beginners and seasoned traders alike.
You can purchase Bitcoin using fiat or cryptocurrency deposits.
Enjoy secure, quick transactions with competitive fees.
Creating a Bybit account
Follow these easy steps to create your Bybit account and start your Bitcoin journey.
1. Download the Bybit app
The Bybit app is available on the Apple App Store (iOS), Google Play Store (Android) and other app stores.
Tap to download and install.
2. Sign up and create a Bybit account
Open the app and tap on Sign up.
Choose to register via your email or phone number.
Set a strong, secure password to protect your account.
Click on Create Account.
3. Verify your account
Enter the verification code sent via email or SMS to confirm your account.
Complete the Know Your Customer (KYC) process.
With these simple steps completed, you're ready to begin trading Bitcoin on Bybit.
Step-by-step guide to buying Bitcoin on the Bybit app
Step 1: Deposit funds into your Bybit wallet
1. Open the Bybit app and tap on Assets at the bottom right.
2. Select Deposit on the My Assets page.
3. Choose your preferred deposit method to fund your Bybit account, using either fiat currencies or crypto.
4. Buy with USD: Use the Buy with USD option to instantly deposit funds via Visa, Mastercard, JCB or Apple Pay. Simply enter your deposit amount (e.g., $100), fill in your card details and confirm to complete your purchase.
5. P2P Trading: Safely buy Bitcoin directly from other users via popular payment methods, such as bank transfers, Wise or Zelle.
Choose a trusted merchant:
Look at the seller’s completion rate (e.g., 97% completion rate).
Consider the number of completed orders (e.g., 630 completed orders).
Verify average release time (e.g., one-minute average).
Place your order:
Enter the amount you wish to buy (e.g., USD).
Confirm your purchase securely through the Bybit app.
6. Deposit Crypto: Transfer cryptocurrency from an external wallet by copying your Bybit wallet address.
Tap on Deposit Crypto under the Assets section.
Choose your cryptocurrency (e.g., BTC or USDT).
Select the correct network (e.g., ERC20, TRC20 or BTC network).
Copy your Bybit wallet address or scan the QR code.
Paste this address into your external wallet and confirm the transfer
Step 2: Transfer from your Funding Account to your Unified Trading Account
Once your deposit is complete, the funds will appear in your Funding Account. Transfer these assets to your Unified Trading Account (UTA) to start trading.
Tap on Funding from the Assets section.
Choose the coin you're transferring (e.g., USDT).
Select Funding Account as the source and Unified Trading Account as the destination.
Enter the amount (e.g., 99 USDT).
Tap on Confirm to complete the transfer.
Your funds will instantly appear in your Unified Trading Account, and are ready for trading.
Step 3: Navigate to the trading section
Tap on the Trade tab located at the bottom menu.
Select Spot at the top to trade BTC against stablecoins (e.g., BTC/USDT).
Step 4: Place your Bitcoin order
Bybit provides multiple options for purchasing Bitcoin:
Limit Order: Set the specific price you want to pay for Bitcoin.
Market Order: Instantly buy Bitcoin at the current market price.
TP/SL (Take Profit/Stop Loss): Automate selling your Bitcoin at set profit or loss levels.
Conditional and advanced order types.
1. Navigate to the trading screen.
Tap on Trade at the bottom of your app.
Select Spot trading.
Choose the BTC/USDT trading pair.
2. Choose your order type:
Market Order: Instantly buy BTC at the current market price.
Limit Order: Set a specific price at which to buy BTC. For example, if BTC is trading at 82,974.60 USDT, you can set a lower price (e.g., 80,000 USDT). Enter your desired quantity (e.g., 0.001237 BTC).
3. Set Take Profit (TP) and Stop Loss (SL) (optional):
Take Profit (TP): Set a specific price or percentage at which you want to sell your BTC to secure profits.
Stop Loss (SL): Define a specific price or percentage to automatically sell your BTC to limit potential losses.
4. Review and confirm your order:
- Double-check price, quantity, TP and SL details.
Tap on Buy BTC to confirm.
Once your transaction completes, your purchased Bitcoin will appear under Assets in your Unified Trading Account.
Why use the Bybit app to buy Bitcoin?
The Bybit app is specifically designed for secure and convenient crypto trading, with these features:
Trusted platform with over 30 million users worldwide
Easy-to-use interface that’s ideal for new and experienced traders
Competitive fees and rapid transaction execution
Convenient mobile trading anywhere, anytime
Start buying Bitcoin with the Bybit app today
The Bybit app provides a seamless experience for you to easily purchase Bitcoin with fiat or cryptocurrency deposits. Its security, simplicity and mobile convenience make it ideal for anyone looking to start or expand their crypto journey. Download the Bybit app today and start your Bitcoin journey with confidence.
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