How to open Bybit MT4 Crypto account?

For traders on the web, please head over to the Bybit homepage. You can see the registration box on the right side of the page. If you are on another page, such as the Fiat Gateway page, you can click “Sign Up” in the upper right corner to enter the registration page.

For traders using Bybit’s app, you can enter the registration page by:

  1. Clicking the icon in the lower right corner of the homepage, or
  2. Clicking the icon in the upper left corner and selecting “Sign Up”

Next, please select the registration method. You can sign up using your email address or mobile number.

Do you see potential investment opportunities in the crypto market? Can’t wait to ride the crypto wave on Bybit? Wait, before trading, please make sure you already have a Bybit account.

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Bybit’s new MT4 account

Cryptocurrency exchange Bybit has announced that it will adopt MetaTrader 4 (MT4) as a new trading tool in 2022. The stocks that can be traded on MT4 will be part of the USDT perpetual contract.

Bybit had long intended to adopt MT4, but it was not realized easily. This time, the interview on this site revealed the specific schedule for the 2nd to 3rd weeks of January next year. I can’t wait for the official announcement.

MT4 is a tool with a history of more than 15 years that has been used mainly for Forex trading, and it is still a very popular trading tool. It has the advantages of good operability and abundant external tools, and it is expected that the convenience of Bybit’s transactions, which was previously limited to transactions on browsers and dedicated apps, will be greatly improved.

Go to Bybit’s Official Website

Benefits of using MT4 with Bybit

Until now, Bybit has a web browser version made by TradingView and an application version developed independently as existing trading tools. It was a very simple and easy-to-use tool for basic trading, but what are the benefits of adding MetaTrader 4 (MT4)?

The advantages of using MT4 with Bybit are as follows.

  • Highly customizable technical analysis
  • Expert Advisor (EA) available
  • Wide variety of custom indicators

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Highly customizable technical analysis

MT4 is equipped with various indicators that can be used for technical analysis for trading virtual currencies. Bybit has been rich in functionality with TradingView trading tools, but it has the drawback of low layout and other customizability.

With MT4, you can make detailed changes such as settings and technical indicators (indicators), and since multiple charts can be displayed on one MT4, it is possible to perform more complicated analysis than ever before. You will be able to perform various technical analyzes than conventional trading tools, such as displaying multiple hourly bars such as 1-hour bars and daily bars at the same time for one brand and performing multi-timeframe analysis.

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Expert Advisor (EA) available

By being able to trade Bybit on MT4, you will be able to buy and sell automatically by Expert Advisor (EA). EA is the name of an automatic trading tool dedicated to MT4.

Until now, major cryptocurrency exchanges such as Bybit had to develop an automated trading program from scratch in order to perform automated trading.

On the other hand, MT4 EA is easy to develop because it can be created by just entering the trading conditions if it is simple, so it is easy to obtain in the form of purchase or free distribution. Once you have an EA created by someone else, you can start buying and selling automatically.

Currently, there are many EA for Forex, but since the threshold of automatic trading tool development will be lowered by using MT4, there is a possibility that sales and free distribution of EA for virtual currency will increase in the future.

Open Bybit’s MT4 Account

Wide variety of custom indicators

In MetaTrader4 (MT4), in addition to the standard technical indicators (indicators), you can add original indicators (custom indicators) that you purchased or created yourself. MT4 has many indicators developed for Forex, and many are distributed free of charge.

There are various types of custom indicators, such as those in which short-term, medium-term, and long-term moving averages are arranged in order and an arrow sign is displayed when a perfect order showing a strong trend is established.

Since there are many indicators that can be applied to the technical analysis of virtual currencies, the accuracy of technical analysis will be improved by using a wide variety of indicators.

In addition, if you learn MQL4, which is a programming language dedicated to MT4, you can create expert advisors (EA) and indicators by yourself, further expanding the range of customization.

Although MQL4 is a language dedicated to MT4, many developers can use MQL4 because MT4 was a very popular trading tool, and learning books are also available on the market. Therefore, Bybit can expect that EA and custom indicators for MT4 will be created in the future.

Go to Bybit’s Official Website

Get used to the operation

MetaTrader4 (MT4) has many items that can be set due to its multi-functionality, and the operation is a little complicated. Therefore, if you have never traded using MT4, you need to get used to the operation first.

If you are accustomed to trading with Bybit, or if you are a beginner who is just starting to trade cryptocurrencies, there is a possibility that you will not be able to trade freely unless you learn the operation.

On the other hand, MT4 is better in terms of ease of technical analysis and abundance of external tools, so if you want to use these tools in the future, it is a good idea to get used to using MT4 trading.

Open Bybit’s MT4 Account

Limited trading stocks on Bybit MT4

The stocks handled by Bybit include physical stocks and three types of derivative stocks, but the stocks that can be traded in MT4 will be limited to some stocks with USDT indefinite contract.

The three types of derivative stocks that can be traded on Bybit are as follows:

  • USDT indefinite contract
  • Inverse indefinite contract
  • Inverse futures

An indefinite contract is a contract for difference with no fixed expiration date or contract date. You can trade virtual currencies without worrying about deadlines like traditional futures trading. Bybit’s indefinite contract includes “USDT indefinite contract” secured by Tether (USDT), which is a stablecoin of US dollars, and “Inverse indefinite contract” secured by virtual currency such as Bitcoin (BTC).

Futures trading (inverse futures) is a trade that allows you to buy or sell a specific currency at a specified price in the future at a specified date and time (due date). For example, in the case of the brand “BTCUSD1231”, you can buy and sell Bitcoin with the settlement date set on December 31st.

Go to Bybit’s Official Website

Wider range of transactions by supporting MT4

By supporting MetaTrader4 (MT4), operability will be improved and external tools will be available, so the range of trading strategies with Bybit will be expanded.

Bybit is improving the trading environment in various fields, such as increasing the number of stocks handled one after another and starting the handling of trendy currencies such as minor virtual currencies and Metaverse stocks.

Since the adoption of MT4 is the first time on a major cryptocurrency exchange, it is expected to become a big topic.

Open Bybit’s MT4 Account