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A cryptocurrency exchange is a platform where users can buy, sell, or trade digital currencies like Bitcoin using fiat or other cryptos.
The reference price for TP/SL orders is the Mid Price. Note that the closing price of a position is based on the Best Bid/Ask Price. Expect slippage during times of market volatility.
Funding fees are periodic payments made between users holding long and short positions in a perpetual futures contract. These fees ensure the contract’s price closely tracks the underlying asset’s market price.
To become a top trader on Bybit:Educate Yourself: Use Bybit Learn and other resources to improve your trading skills. Develop a Strategy: Create and stick to a well-defined trading plan. Use Advanced Tools: Leverage Bybit’s analytical and risk management tools. Participate in ...Read more
Flipster provides a wealth of resources to help users navigate the platform: Knowledge Base Explore an ever-growing collection of informative articles and step-by-step instructions on various aspects of using Flipster. Blog Stay informed about the latest crypto happenings, community updates, economic news, and ...Read more
Bybit automatically calculates and quotes the total value of your assets as BTC equivalent for display purposes.
Initial Margin refers to the collateral placed to open a leveraged position. Only Bonus and USDT can be used as initial margin.
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Bybit’s Copy Trading feature allows users to:Follow Successful Traders: Copy the strategies of top-performing traders. Automatic Execution: Trades are automatically executed in your account based on the trader you follow. Transparency: View the performance and history of traders before deciding to ...Read more
To set up Take Profit and Stop Loss orders on Bybit:Open the trading interface and choose your trading pair. Enter your position size. Set the Take Profit price to automatically close your position at a profit. Set the Stop Loss price to ...Read more
Flipster was founded in 2021 by the same founders as Presto Labs, the largest cryptocurrency quantitative trading firm in Asia.
