I have been working with cryptocurrencies and trading for a long time, and during all that time I have tried many exchanges and platforms. Today I want to talk about Bybit and the opportunity to trade not only cryptocurrencies, but also traditional financial assets: oil, forex, indices, gold and other metals. Personally, I consider this a big plus for a trader, since you do not need to register on third-party platforms and undergo constant verification with brokers. Everything is available on one exchange.
Trading traditional assets on Bybit is a great opportunity for those looking to diversify their portfolio, combining cryptocurrency trading with spot or futures positions in the commodities and currency markets. I'll show you how to get started, what to look for, and what tools to use to make your experience as productive and safe as possible.
Registration and verification: first steps
To start trading on Bybit, you need to have an account. If you don’t have one yet, registration takes a few minutes. I recommend using the official link, which gives bonuses and discounts on trading fees. After registration, it is important to go through identity verification. This is a standard procedure that ensures the safety of your funds and allows you to withdraw large amounts without restrictions.
From my own experience, I will say: do not ignore verification. Some beginners skip this step, and then face a blocking of withdrawals. 5 minutes to confirm your identity - and you can trade calmly.
Trading via the Bybit mobile app
My favorite option for quick trades is the Bybit mobile app. Here you can choose a trading pair, for example, Apple shares, gold, oil or forex pairs. Everything is as simple as possible: there are buttons for “buy” (long) and “sell” (short). You specify the volume of the transaction in lots or USDT, set a stop loss and take profit - and your position is ready.
Personally, I always use take profit and stop loss. This allows me to control risks even if the market suddenly goes against me. This is critical for beginners: without these tools, it is easy to lose your deposit. You can also open deals at the market or at a given price - very convenient for a strategy for long-term and short-term positions.
Trading via Tradefi terminal on PC
For professional trading, I recommend using the Tradefi terminal from Bybit. It can be downloaded from the official website and installed on Windows, Mac or Linux. It has all the necessary functionality: charts, technical analysis, order settings, risk management.
Personally, I often combine the mobile application and the terminal. The application allows you to quickly react to the market, and the terminal gives you full control over positions and analytics. This is an ideal combination for active traders.
Transfer funds between accounts
To start trading, you need to transfer cryptocurrency to your Tradefi balance. It's simple: go to Bybit, "Assets" tab → "Tradefi" → "Transfer". The amount will arrive within a few minutes. You can also easily withdraw the money back to your main account or bank account after converting it to fiat.
This is one of the advantages of Bybit: you are not tied to one type of asset and can quickly move funds between crypto and fiat markets.
Pros and cons of trading traditional assets on Bybit
Pros:
-
No registration with third-party brokers is required.
-
There is a mobile application and a desktop terminal.
-
Ability to use stop loss and take profit.
-
All funds on one platform — convenient for monitoring.
-
Can be combined with cryptocurrency trading.
Cons:
-
Trading is only available during stock market sessions.
-
For some assets, liquidity may be lower than on specialized exchanges.
-
The risks are high, as in any financial market - without knowledge, it is easy to lose your deposit.
Typical mistakes of beginners
From my own experience, I can highlight several of the most common mistakes:
-
Ignoring stop losses - without this, it is easy to lose your entire deposit.
-
Excessive leverage - in the beginning it is better to work without leverage or with minimal leverage.
-
Failure to study trading sessions - some people open deals outside market hours and do not understand why the deal did not close.
-
Lack of a trading plan - trading without a strategy usually leads to losses.
Safety tips
-
Use two-factor authentication (2FA) for all accounts.
-
Don't keep large amounts on the exchange for a long time - use hardware wallets for fixed capital.
-
Don't open deals with all your funds at once - risk only what you are willing to lose.
-
Update your software regularly and check the official Bybit news channels.
Frequently Asked Questions (FAQ)
Question: Is it possible to trade on Bybit without cryptocurrency?
Answer: Yes, but for some instruments you need to transfer USDT or another crypto to your Tradefi balance. You can take out a loan against cryptocurrency.
Question: What assets are available for trading?
Answer: Forex, indices, commodities, metals, stocks and cryptocurrencies. The full list is available in the Tradefi terminal and mobile application.
Question: Can I use leverage?
Answer: Yes, but for beginners I recommend minimal leverage or trading without it to minimize risks.
Question: Is it possible to earn passively on Bybit?
Answer: Yes, through staking, Jumstart, copy trading, and participation in the platform's promotions.
Comparison of the Tradefi mobile application and terminal
| Parameter | Mobile app | Tradefi terminal |
|---|---|---|
| Convenience | High for quick deals | High for professional trading |
| Functionality | Basic tools, stop loss, take profit | Full technical analysis, charts, order settings |
| Trading sessions | All available | All available |
| Suitable for | Beginners and mobile traders | Professionals and analysts |
My experience shows that the best result is a combination of both options. The mobile application allows you to quickly react to the market, and the Tradefi terminal allows you to control the entire strategy and perform in-depth analysis.
Practical advice from an experienced trader
-
Start with small amounts. This will allow you to get a feel for the mechanics of the platform and reduce psychological pressure.
-
Use the demo mode to test strategies. Bybit provides the opportunity to practice without the risk of losing funds.
-
Plan your trades and stick to your strategy. Trading on emotions is a direct path to losses.
-
Monitor stock and crypto market news. Traditional assets react strongly to macroeconomic news, politics, and geopolitics.
-
Take profits regularly. Don't hold a position for too long without an exit plan.
Conclusion
My experience shows that Bybit is one of the few exchanges that combines cryptocurrency and classic financial markets in one place. Here you can trade BTC, USDT, stocks, gold, oil and other assets without unnecessary registrations with brokers. The mobile application and Tradefi terminal provide comfort for both beginners and experienced traders. It is important to follow safety rules, use stop loss and take profit, start with small amounts and monitor the market. Bybit is also actively developing functionality, adding new trading pairs and opportunities for passive income through staking and promotions.
If you are looking to diversify your portfolio and gain access to a wide range of financial instruments, Bybit is a great choice. I recommend starting small, learning to control your risks, and gradually expanding your experience on this platform.