The developers of cryptocurrency exchanges know how important it is for traders to receive up-to-date information about the price of coins and to keep abreast of events taking place on the market of digital assets. Therefore, many platforms release mobile applications. For example, investors can download Bybit on Android. The program allows you to trade on spot, futures and options, monitor coin prices and use different tools for analysis and forecasting.
Features of the Bybit app for Android
Bybit is a popular cryptocurrency exchange. The platform offers a user-friendly interface, professional tools, spot and margin trading, open-ended and futures contracts, leveraged trading.
In 2018, the developers of the exchange launched an application for Android smartphones. The program allows traders to trade bitcoin, ether and other cryptocurrencies and offers all the features and tools available in the web version of the Bybit platform. Among the features of the app are the following:
- Multifunctionality. The program provides many opportunities for trading cryptocurrencies.
- Advanced charts. The mobile version provides the user with access to different indicators and technical analysis tools.
- Personalization. Customers can customize the interface according to personal preferences by selecting the desired modes of displaying prices and charts.
- Localization. The application is translated into 21 languages, which makes it available for users from different countries.
- Notification system. Traders can set up push notifications that will inform them about changes in asset quotes and important market events.
- Security features. Users can enable two-factor authentication (2FA) and other methods of account protection.
- Help Center. The application provides support for clients of the mobile version of the exchange. Online chat, email communication are available.
Functionality
The Bybit mobile app allows you to perform all the actions available in the web version. Investors can open and manage positions, set different types of orders (market, limit, stop loss, take profit), use advanced charting and indicators.
The program provides other functions as well. Among them:
- Buying cryptocurrency. Investors deposit fiat directly from a bank card or P2P.
- Portfolio management. Android smartphone owners track their assets on the exchange, open deposits, withdraw funds and send to other accounts.
- Market Data. Bybit APK offers tools that help you get up-to-date information about cryptocurrencies (trading volumes, price history).
- Risk Management. The mobile version allows you to set position size limits, as well as customize margin and leverage parameters.
- Educational materials. Bybit provides educational articles and guides that help traders develop their skills and improve their strategies.
Interface
The appearance of the mobile version of Bybit is designed in such a way that a novice trader can easily find the necessary functions and tools. The application has intuitive controls and a logical structure of information blocks. There are only 5 main sections in the program:
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- “Home”. The page has quick access to the functions of the platform, a panel for monitoring coin rates, the latest events from the world of cryptocurrencies.
- “Graph”. Tab with a full list of all trading pairs, market data (fear and greed index), information about popular sectors, heat map and traders’ leaderboard.
- “Derivatives. In the section, users can trade futures and options. The exchange also offers inverse perpetual contracts.
- “Trade”. On this page, spot, margin trading and fast cryptocurrency exchange are available to market participants.
- “Assets”. In the section, investors manage their accounts. It is possible to deposit assets to the balance or transfer coins to a non-custodial wallet.
Also on the main page there is a block with other products of the exchange. Among them are P2P-platform, copytrading, NFT-marketplace, trading bots, Bybit Earn, crypto-loans and lending, Launchpad, byVotes, ByStarter.
How to download Bybit APK app on Android
Bybit offers owners of Android gadgets to download the program for smartphones. You can download the application in 2 ways: on the exchange’s website and in the official Google Play store. As of September 2023, the Android version has a high rating (4.2 out of 5), 202 thousand reviews and more than 10 million downloads.
Before you install Baybit on Android, you need to make sure that there is enough free space on the device. A minimum of 148 MB of memory will be required.
It is recommended to download Bybit APK only from Google Play store. Installing from an unofficial source can lead to serious security risks and even loss of funds.
System Requirements
As of version 4.25.0, the program is compatible with all devices running Android 6.0 and above. As of September 2023, there are no additional download requirements.
Installation steps
The Bybit mobile app is an ideal tool for active traders. It is a convenient and reliable way to trade anywhere. The installation of the program takes place in 2 stages. First, you need to download the APK Bybit app on your Android phone from Google Play. The instructions are as follows:
- Open the program store.
- Enter Bybit in the search field at the top of the screen.
- Click on the program logo to open its page in Google Play.
- Click on “Install.”
Once the download is complete, the Bybit icon will appear on your device’s home screen or in the list of apps. You can then open the program, create an account, or sign in to an existing account. Algorithm of actions:
- Launch Bybit.
- Click on “Register” or “Sign in”.
- Enter your email address or phone number and password.
- Confirm identity.
Once these steps are completed, the full functionality of the mobile exchange will open. Traders will be able to view and analyze charts, place and cancel orders. The site will also offer to add additional account protection measures, such as 2FA (two-factor authentication). It’s worth activating this feature to secure your funds.
How to trade on Baybit from your phone
After registering an account, market participants can replenish the account and proceed to trading on spot and using margin. The principle of operation is the same as in the web version. Detailed instructions:
- Open the “Assets” section, select the token to deposit and get the address.
- Deposit cryptocurrency to the account using this wallet.
- Go to the “Trade” tab.
- At the top of the screen, select the type of trading – spot or margin.
- Specify the trading pair by clicking on BTC/USDT.
- Set the direction of the transaction (buy or sell).
- Use available functions and tools for analysis and forecasting.
- Customize transaction parameters – volume, order type (limit or market).
- Confirm the transaction.
It is worth keeping track of open positions and managing them during trading. If necessary, you can set a stop-loss or take-profit to automatically close trades when a certain price level is reached.
Cryptocurrency trading involves risks. You need to be prepared for potential financial losses.
In the mobile version, you can also trade futures and options. To do this, you need to:
- Open the “Derivatives” tab.
- In the upper part of the screen, select the type of trading – open-ended USDT, USDC contracts, inverse, options.
- Set transaction parameters.
- Open a position on the upside (long) or downside (short).
It should be taken into account that Bybit charges commissions for each transaction. At the same time, takers (trading with limit orders) pay lower fees than makers (setting market orders). See the table for more details.
Frequently Asked Questions
📌 How do I place trend lines on the chart?
You need to click on the image of a pen in the upper right corner of the trading panel. The platform will offer more than 10 tools for plotting the chart.
⚡ How to set up notification about token price changes?
You need to select an asset pair in the “Trade” or “Derivatives” section and open the “Alerts” tab in the lower left corner of the panel.
📢 Did Baybit developers release the program only for Android?
Users can also download the app on iOS gadget.
📱 Which other exchanges have programs for smartphones?
Binance, OKX, KuCoin, Huobi and other exchanges provide mobile versions.
✨ Do I need to verify on Bybit?
Yes. In May 2023, the crypto exchange introduced mandatory identity verification for all users.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.