Spot Trading— FAQ

1. What is crypto spot trading?

Crypto spot trading is a transaction between buyers and sellers to trade one cryptocurrency for another at the current market price. 

Taking BTC/USDT as an example, the price of the trading pair represents how many units of USDT need to be paid to buy 1 BTC, or how many units of USDT can be obtained by selling 1 BTC.

2. What are the differences between spot trading and contracts trading?

Trading spot is a bit different than contracts trading, as you do actually need to own the underlying asset. Crypto spot trading requires traders to purchase a crypto, such as Bitcoin, and hold it until the value increases, or use it to buy other altcoins that they think may rise in value. 

In the crypto derivatives market, investors do not own the actual crypto. Rather, they trade based on speculation of the crypto market price. Traders can choose to go long if they expect the value of the asset to rise, or they can go short if the value of the asset is expected to fall.

All transactions are done on contract, so there is no need to purchase or sell any actual assets.

3. What is the Bybit spot trading fee?

Bybit charges a 0.1% trading fee from the Taker, and does not charge any trading fee to the Maker.

For more details, please refer to Bybit Spot Fees Explained.

4. What is Maker/Taker?

Traders preset the quantity and order price and place the order into the order book. The order waits in the order book to be matched, thus increasing the market depth. This is known as a maker, which provides liquidity for other traders.

A taker occurs when an order is executed instantly against an existing order in the order book, thus decreasing the market depth.

5. Which trading pairs are supported by Bybit spot trading?

Currently, only BTC/USDT, ETH/USDT, XRP/USDT and EOS/USDT are supported.

6. How do I deposit funds to my Spot account?

For traders on the web, You can click "Deposit" or "Transfer" in the Spot order zone to enter the asset page for Deposit or Transfer. The transfer amount can be deposited into the Spot account from your Derivatives account or ByFi account. 

For traders using Bybit’s app, please click the button located at the bottom right-hand corner of the page. Click "Spot Account" --> “Deposit”, then select the currency to proceed to the next step.

For more deposit information, please refer here.

7. What are Market Order, Limit Order and Conditional Order?

Bybit provides three different order types — Market Order, Limit Order, and Conditional Order — to meet the various needs of traders.

8. Why can't I enter the quantity of cryptocurrency that I wish to purchase when using Market Buy Orders?

Market Buy Orders are filled with the best available price in the order book. It’s more accurate for traders to fill in the amount of assets (USDT) they wish to use to purchase the cryptocurrency, instead of the amount of cryptocurrency to purchase.

9. Are there any trading limits for Bybit spot trading?

To protect traders from market manipulations, Bybit implements the following order execution limits for spot trading.

A market order will only be filled at the best 10 Bid/Ask order prices in the order book. Any part of the order exceeding the limit will be rejected.

10. How many orders can a trader be placed at most?

— A maximum of 500 active orders can be placed, of which the latest 50 orders will be displayed in the order records zone.

— Up to 10 conditional orders can be placed, and all orders will be displayed in the position tab.

11. Is there a minimum/maximum limit on trading volume per transaction?

Yes. Please refer to the table below:

12. Can I conduct spot trading through my subaccount on Bybit?

Yes. You can perform spot trading in subaccounts. Please make sure that the spot account has sufficient funds before spot trading on your subaccount. 

If you need to deposit funds, please click "Account & Security '' in the upper right-hand corner of the main page, and then select "Subaccount '' --> "Transfer Assets '' to transfer funds from the main account to your subaccount.

Note: Subaccounts are not able to perform any deposits or withdrawals. 

13. How do I view my order history?

In the position tab of ​​the spot trading page, click "Order History" and select the type of order you want to view: "Market and Limit Orders" or "Conditional Order".

14. What is the difference between “Filled” and “Order History”? 

You can view all completed order records under "Filled". In the "Order History" tab, you can view all executed order records, including filled and canceled orders.

15. Why can’t orders under "Filled" be found under "Order History"?

Order records under the "Filled" tab are sorted by order execution time, while records under "Order History" are sorted by order placement time.

16. Can I set the default receiving account for deposits as a derivatives account?

Yes. First, log in to your Bybit account. Click "Account & Security" in the upper right-hand corner of the page, then enter the "Settings" page. Specify your default setting under "Deposit".

17. Are my assets in the spot account cross-shared with the derivatives account? 

No, they are not. Therefore, your assets under the spot account cannot be used to support your open positions under cross-margin in the derivatives account.