How to Trade Bybit’s USDC Perpetual Contract?
This article introduces the operation process in detail to help you complete your first USDC perpetual contract transaction.
Step 1: Go to the Bybit homepage. In the navigation bar, click Derivatives, select the contract type and enter the USDC perpetual trading page.
Step 2: Move to the order area on the right side of the trading page.
Step 3: Bybit provides three types of orders: limit orders, market orders and conditional orders.
Take the BTC-PERP limit order as an example, please follow the steps below to place the order.
- In the cross position mode, set the leverage multiple.
- Select the order type: limit order, market order or conditional order.
- Enter the order price.
- Enter the quantity, or use the percentage meter to quickly set the number of contracts for the order, and the percentage of available margin for the corresponding account.
- Set buy long take profit and stop loss or short take profit and stop loss (optional).
- Click Buy/Long or Sell/Short.
In addition, you can set additional functions according to your investment preferences, such as passive orders, only reducing positions, closing positions after triggering, and executing strategies.
When using regular margin, Bybit offers a cross-margin model.
USDC perpetual contract trading only supports one-way positions. Traders can only hold long or short positions on contracts.
Step 4: Then, the confirmation pop-up window appears. After reviewing the order information, click Confirm.
The order is successfully submitted.
When entrusting an order, the key factor of entrusting cost must be carefully considered. The commission cost is the total guaranteed amount required to buy.
Commission cost = initial margin + taker fee for opening a position + taker fee for closing a position
Go to Bybit’s Official Website
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
Bybit official website is here.
Please click "Introduction of Bybit", if you want to know the details and the company information of Bybit.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...