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Tether (USDT) is the world's most traded cryptocurrency, ahead of even the market flagbearer Bitcoin (BTC). Launched in 2014, USDT is the oldest surviving stablecoin in the crypto industry. It acts as a go-to asset for on-ramping, off-ramping and numerous other use cases where its stable rate based on the US dollar is useful. Most importantly, USDT is the top choice for spot and derivatives operations at many exchanges.
Bybit offers you a broad selection to use USDT for your crypto trading. From basic swap operations to the most advanced forms of automated derivatives trading, you can use USDT on Bybit to derive profit. USDT offers the most complete set of trading options on the exchange, making it ideal for traders of all experience levels.
This article will cover all the primary ways you can utilize USDT for crypto trading on Bybit, depending upon your preferred risk profiles and preferences. If you think that USDT is for asset value preservation only, these trading alternatives may very well change your opinion.
Key Takeaways:
Bybit offers you a diverse selection of products and markets to put your USDT funds to active use, depending upon your risk preferences.
The key choices for USDT trading on Bybit include Spot, Bybit TradFi multi-asset class trades, Pre-Market Spot, Copy Trading, Perpetuals and Options contracts, Pre-Market Perpetuals and Spread Trading.
Tether (USDT) is a USD-pegged stablecoin backed by cash, cash equivalents, short-term deposits and commercial paper held in Tether's reserves. In an industry in which most other assets may jump and decline violently based on news, online hype and other factors, USDT retains its stable rate of nearly $1 at nearly all times. USDT is supported on multiple blockchains, such as Ethereum (ETH), Solana (SOL) and TRON (TRX), granting it great flexibility and compatibility.
Bybit’s exchange offers you several ways to buy USDT. You can buy the stablecoin via Bybit's peer-to-peer (P2P) trading market by placing a buyer ad or selecting from existing seller ads. Another way is via the platform's One-Click Buy function, which offers you the option to quickly purchase USDT using your preferred payment method, such as your Visa or Mastercard bank card, bank account or favorite external wallet, such as Google Pay. One-Click Buy is a convenient and user-friendly option that speeds up buying USDT.
You can also purchase USDT through the Auto-Invest product, which lets you buy the coin with fiat currency transactions at regular intervals based on the highly popular dollar-cost averaging (DCA) investment strategy.
Additional ways to buy USDT include the Bybit Card, a Mastercard-powered crypto debit card, and Bybit Convert, an easy-to-use option to swap cryptocurrencies without waiting for your orders to be matched on the platform's trading markets.
All USDT purchase options are available in most countries through the Bybit website and app, allowing customers to transact securely and transparently.
Once you have USDT funds in your wallet, you can use them for trading via several channels on Bybit. Below, we cover the main ways to put your USDT to use on Bybit, beginning with lower-risk trading all the way to high-risk alternatives suitable for experienced traders.
Bybit’s Spot market is the most basic and low-risk option for trading USDT on Bybit. You can carry out a variety of Spot trades — direct swaps of one crypto for another at either current prices or some prespecified target price. Three main Spot order types are available: market orders, limit orders and conditional orders. Using market orders, the simplest form of Spot trading, you can buy or sell USDT for another crypto asset at the immediately available price.
Limit orders allow you to buy or sell USDT when its rate against some other cryptocurrency reaches a certain level. Conditional orders are executed when some predefined conditions set by the trader are met. In essence, limit orders are a simple subtype of conditional orders.
You may also automate your USDT Spot trading using Bybit’s Spot Grid Bot, which enables you to set up automated execution of grid trades. Grid trading involves specifying multiple price points above and below a specific base price. Upon reaching the target price levels, your trades are automatically executed. Bybit’s Spot Grid Bot features enhanced features, such as a maximum of 200 grids, using both assets in a pair for bot activation, real-time parameter adjustments and more. The bot also simplifies your grid strategy and reduces any possible manual trading errors.
To start Spot trading with USDT:
Visit the Bybit website and log in to your account.
On the main trading page, filter for USDT-based pairs using the search box in the left pane.
Select the desired pair and fill in your order details in the right panel.
Choose between the standard and margin-based modes.
Select your order type, e.g., Market or Limit.
Fill in the order amount and click on Buy in the pop-up box that will appear at the end of the process.
You can also trade USDT using Bybit TradFi, which offers a combination of various other assets, including crypto, gold, other commodities, forex, indices and stocks via contracts for difference (CFDs). For beginners, Bybit TradFi represents a great way to start their crypto trading through familiar, traditional asset classes.
Between Jun 3 and Jun 16, 2025, traders will also enjoy 50% off of trading fees for stock CFDs on Bybit TradFi, allowing them to save on the overall cost of executing their strategies.
To start using Bybit TradFi:
Log in to your Bybit MT5 account.
Navigate to the MT5 Asset page and click on Transfer In to fund the account.
Enter the amount of USDT you wish to transfer to your MT5 account, and click on Confirm to fund it.
Once your balance has been updated, choose the currency pairs you want to trade.
Select the order quantity and execution mode, and execute your trades through the MT5 client.
Regularly check your positions and balance via the MT5 client.
You can also put your USDT funds to use with Bybit Pre-Market Trading — an over-the-counter (OTC) platform that lets you buy and sell promising, early-stage tokens before their public listings on the main Spot market. This is an excellent way to invest in new tokens using your USDT at potentially favorable prices before the rest of the crowd receives access to them.
A key advantage of Pre-Market Trading is the rigorous vetting process that Bybit applies to ensure that only tokens with solid fundamentals and potential qualify for listing. This eliminates the bulk of risk involved in buying newly launched cryptocurrencies. The stringent selection process also reduces the time required to research the tokens, allowing you to focus on other trading and analysis activities.
To start using Bybit Pre-Market Trading:
Log in to your Bybit account.
If you haven’t yet upgraded to a Unified Trading Account (UTA), do so by clicking on Assets in the top menu and selecting Unified Trading Account. Your UTA is required to access Bybit Pre-Market Trading opportunities.
From within your UTA, select Trade in the top menu, then Pre-Market Trading → Pre-Market Spot.
Select your preferred token to buy.
Select Create Order and specify the quantity.
Review the details, and confirm your order to buy the token with your USDT.
Copy trading involves replicating the market moves of some established, experienced trader to benefit from their expertise and efficiency. It’s one of the most efficient ways for beginners to become profitable from day one of their trading career. It may also suit more experienced traders who’d like to spend less time analyzing the market and placing trades. All you need to do is pick a trader you’d like to follow and set up an automated strategy of copying their trades.
The trader whose orders are copied is known as the Master Trader, and anyone copying their activities is a Follower. Naturally, it's essential to choose a Master Trader with a history of profitability. It’s also critical that you follow a Master Trader whose trading style will suit your risk tolerance and general approach to crypto trading.
Bybit offers you a quick and easy way to find your preferred Master Trader on the platform and start copying their moves.
To start with Bybit Copy Trading:
Log in to your Bybit account.
Choose Tools and then Copy Trading from the menu.
On the Copy Trading page, you’ll see the details of available Master Traders. Use filters such as Top Intraday Traders, Top Balanced Traders, Top New Talents, Boosted Traders, Highest Follower Profit and Lowest Drawdown to narrow your alternatives.
When you've chosen a particular Master Trader, click on Copy under that Master Trader’s card.
Specify your copy trading settings — the investment amount in USDT and the items to copy. These items typically include options such as USDT Perpetual Trades and Trading Bots.
If you prefer to provide more detailed settings, click on More Settings and specify options for Copy Mode and Parameter Settings.
Tick the terms and conditions acknowledgment box, and click on Copy Now.
Experienced traders familiar with derivatives who are willing to adopt higher-risk strategies can benefit from Perpetual and Options contracts, Bybit’s main Derivatives products.
Crypto Perpetuals, or Perps, are futures contracts settled in USDT that track the price of some underlying cryptocurrency, such as BTC or ETH. These contracts have no expiration dates and can be settled whenever you decide to do so. By holding a Perpetuals contract, you don't assume direct ownership of the asset. Instead, the contract simply tracks the asset's price, and the trader only owns the crypto once they’ve claimed it by closing their position.
Perpetuals owners pay or receive funding fees charged every eight hours. Contracts that align with the prevailing market sentiment — e.g., long Perps on a coin when the market is also long on it — are charged the funding fees. On the other hand, contracts that go against the prevailing market direction receive the funding fees.
Bybit offers a variety of trading bots to automate your Perpetuals trading. The Futures Grid Bot is designed to automate grid-based Perps. There's also the Futures Combo Bot to automate and streamline the management of multiple Perps contracts. If you’re a fan of the Martingale strategy — which involves scaling your order amount up every time you incur a loss in order to eventually recover your losses when your following trade results in a gain — you can also explore the Bybit Futures Martingale Bot.
To trade Perpetuals on Bybit:
Log in to your UTA account.
Select Trade from the top menu, and then Futures.
Choose the USDT tab to see the list of USDT-based Perps, and click on your preferred contract to load the main trading interface.
In the right-hand pane of the main trading interface, specify the details of your Perps contract — margin type (Cross, Isolated or Portfolio), leverage ratio, order type (Limit, Market or Conditional) and quantity of the coin.
Choose to Long or Short.
In the confirmation window, review your contract details, and click on Confirm.
Crypto Options are contracts that give you the right, but not the obligation, to buy or sell an asset by a certain expiration date. Similar to Perps, Options don’t involve direct ownership of an asset. To own an Options contract, you pay an up-front premium. Unlike Perps, Options don’t have regular funding fee charges or distributions. Call Options give you the right to buy the asset, while Put Options give you the right to sell it.
To use USDT-based Options on Bybit:
Log in to your UTA account.
Select Trade from the top menu, then Options.
Choose the USDT tab to see the list of USDT-based Options, and click on your preferred token paired with USDT. A complete list of available call and put options categorized by expiration dates, called the Options Chain, will appear.
Select your preferred Options from the list.
In the right pane, specify your Options settings — Buy or Sell, order type (Market, Limit or Implied Volatility), and price in USDT for Limit orders or quantity in the chosen token for Market orders.
At the bottom of the right-hand pane, click on Buy or Sell, depending upon the Options type you’ve selected in Step 5, and then click on Place Order.
In the confirmation window, review your contract details and clickon Confirm.
Bybit Pre-Market Perpetuals enable you to speculate on the future price of early-stage, promising tokens before their main public listings via Perps contracts. In an earlier section, we covered the Pre-Market Spot platform, on which you directly buy these tokens. In contrast, Pre-Market Perpetuals allow you to speculate on the future prices of these assets without directly purchasing them.
To use Pre-Market Perpetuals:
Log in to your Bybit account.
In the top menu, choose Trade and then Pre-Market Trading → Pre-Market Perpetuals.
Choose the Perpetuals contract you’re interested in.
For contracts whose call auctions haven’t started, you can subscribe before their call auction dates.
For contracts whose call auctions have already started, click on Join Auction Now.
On the contract order page, specify the settings for your Perps contract.
When the call auction phase for the contract is over, it will be listed on the Pre-Market platform as a continuous action. Your Perps contract will function mainly as a standard Perpetuals contract at this stage.
Bybit Spread Trading allows you to buy and sell two related instruments in order to hedge against market risks or profit from price discrepancies. Simultaneously, you take long and short positions on your targeted asset to balance the risks. For instance, you may Long/Buy BTC via the Spot market and open a Short/Sell Perpetuals contract for BTC.
To use spread trading:
Log in to your Bybit account.
In the top menu, choose Trade, then Spread Trading. You’ll see a grid of spread trading combos.
Choose your preferred combo.
On the order details page, specify your order preferences — direction (Buy or Sell), order type (Market or Limit), quantity, max buy/sell and leverage ratio.
Click on Buy or Sell, depending upon your choice in Step 4.
In the confirmation window, review your order details and click on Confirm.
The wide variety of trading options above gives you unparalleled flexibility to use your USDT for buying and trading with Bybit. Beginners may start with less risky options in order to avoid losing money in the volatile world of crypto, while experienced pros can certainly consider riskier — but also more potentially rewarding — opportunities. One thing is certain: Irrespective of your experience level, Bybit has something to offer you to put your USDT funds to active use.
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