In this article, I’ll walk you through the Bybit platform step by step — from the basics to advanced features — and show you how you can use it to start building a portfolio or even earn with cryptocurrencies.
👉 Before you start, I recommend watching the free webinar where I explain in more detail how to earn with cryptocurrencies
Start with an open mind — cryptocurrencies can be an opportunity … but they are also risky. Knowing the rules and strategies is essential.
What is Bybit? (the basics)
Bybit in one sentence
Bybit is a major international crypto exchange, founded in 2018 and headquartered in Dubai. It offers classic spot trading as well as derivatives (futures, perpetual contracts), staking / “earn” products, copy trading, and other advanced services.
According to the platform: “all five steps to get started” are — registration, identity verification, depositing funds, buying cryptocurrencies, and exploring beginner products.
Why Bybit is worth considering
Wide range of features — spot, derivatives, staking, “earn”, liquidity, various order types.
Suitable for different profiles — from complete beginners (spot, “earn”, copy trading) to advanced traders using leverage (futures, margin).
Low fees and liquidity — a good choice even if you want to trade with larger volumes or more funds.
Passive income potential — through “earn” products, staking, liquidity mining, which is popular among those who don’t want to actively trade.
Key terms — what you need to know before you start
If you’re a complete beginner, it’s essential that you understand the basic terms. Only then does investing make sense. Here is a glossary of the most common ones:
Spot trading — the classic buying and selling of cryptocurrencies at the current market price. When you buy, you actually own the coin (e.g. BTC, ETH).
Derivatives (futures, perpetual contracts) — contracts that track the price of an underlying asset (cryptocurrency), but you don’t actually own the coin. Leverage is commonly used — meaning that with a smaller investment you can “move a larger position”. This increases potential profit … as well as potential losses.
Margin trading — trading with “borrowed funds”. Similar to leverage; it increases risk but also potential returns.
Staking / Earn / Easy Earn / Save / Dual-asset / Liquidity Mining — various forms of “passive income”: you hold (or “lock”) your cryptocurrencies and receive interest or rewards. Suitable for those who don’t want to actively trade.
DCA (Dollar-Cost Averaging) — a strategy where you regularly (e.g. monthly) buy cryptocurrency regardless of its price. This spreads your risk and eliminates the pressure of “timing” the market. Bybit allows you to automate this process with the “Recurring Buy” or “Auto-Invest” option.
Copy trading / social trading — the ability for beginners to follow (copy) the moves of experienced traders (“master traders”). This way you leverage their knowledge and experience.
How to get started with Bybit – step by step
Here is a practical guide — what you need to do if you want to start using Bybit as a beginner.
Registration and Security
Visit bybit.com or download the official app. You register with an email address or phone number.
Readiness for KYC (identity verification) — many features (fiat deposit, higher limits, “Earn” products) require identity verification. This is standard in a regulated environment.
Then take care of account security – always activate two-factor authentication (2FA), and store passwords and private keys securely.
Depositing Funds
Once the account is set up:
If you already have cryptocurrencies — you can transfer (deposit) a coin from another wallet.
If you don’t — Bybit allows you to purchase with fiat money (e.g. by credit/debit card, bank transfer, payment methods), via the “One-Click Buy” or “P2P / fiat deposit” option.
After the deposit, funds are initially in the so-called Funding Account — from there you transfer them to the Trading Account or to “Earn/Savings” / staking depending on your choice.
Choosing a Strategy:
What do you want — buy and hold, passive income, or active trading
Depending on your goals and risk level:
Are you a complete beginner? → I recommend spot buying + holding (HODL) or passive “Earn / Savings / staking”.
Looking for regular purchases over time, without having to “time” the market? → use Auto-Invest / Recurring Buy (DCA).
Are you prepared for higher risk and do you have the willingness to monitor markets? → you can consider margin / futures / derivatives.
Main ways to earn on Bybit (for earning with cryptocurrencies)
Here are the concrete paths to how you can use Bybit to earn, regardless of whether you are a beginner or more advanced.
Spot: “Buy & Hold” – simple and relatively safe
The easiest and most common method: you buy a cryptocurrency (e.g. BTC, ETH, or an altcoin), hold it for a longer period and sell it when the price rises.
Advantages:
you don’t need complex knowledge of trading, margin, leverage, or liquidity;
holding in a “cold wallet” (personal wallet) means less exposure to the risk of exchange attacks;
a suitable strategy for long-term investors (e.g. HODL).
DCA / Auto-Invest / Recurring Buy — smart portfolio building
With the Auto‑Invest (or Recurring Buy) option on Bybit you can regularly — e.g. monthly or every two weeks — buy cryptocurrencies with fiat. This eliminates the effort of “timing” the market.
This means: even if you don’t have time to monitor the market, you can gradually build your portfolio — an excellent strategy for beginners.
👉 If you want to find out how to get started effectively with DCA + cryptocurrencies, click here
Passive income with “Earn / Savings / Staking / Liquidity Mining”
If you want your cryptocurrencies to work for you — without active trading — Bybit offers the Bybit Earn feature:
“Savings” (flexible or fixed reserves), where you receive interest.
“Dual-asset”, “liquidity mining”, “liquidity pools” and other options for those who are prepared to take on a little more risk.
This approach is popular among those who want long-term wealth growth, without monitoring the markets daily.
If you want to learn more about how to build a portfolio with passive income, check out my webinar
Active trading: margin, futures, derivatives — high risk, but with the possibility of higher returns
For those who understand the mechanics, there is the option of trading with leverage, margin, futures contracts, or perpetuals — which can significantly increase profit.
Bybit offers a large number of trading pairs and instruments, including perpetual contracts and classic futures.
Margin and leverage mean that with a relatively small investment you can potentially open a large position — but this also means a high risk of loss.
This approach is only suitable if you are prepared for risk, understand the market, and have a strategy (e.g. stop-loss, risk management).
Copying experienced traders (copy / social trading)
If you are a beginner with no experience but want to take advantage of professionals’ knowledge — Bybit offers copy trading: you follow “master” traders and automatically mirror their moves. This way you can start trading without writing your own strategy.
This can be an interesting intermediate step before you take on active trading yourself.
How to get started — a practical guide for beginners (for the complete beginner)
Here is exactly what to do if you want to quickly and smartly launch a portfolio on Bybit:
Register an account (email / phone), complete KYC.
Activate security measures (2FA).
Deposit — either fiat (credit card / bank transfer) or existing cryptocurrencies.
If you wish: set up Auto-Invest / Recurring Buy — specify the amount, interval (e.g. monthly), and crypto. This way you start building a portfolio without stress.
If you don’t want to actively monitor the market → consider the “Earn / Savings / staking” options.
If you want to actively trade → first practice on demo / with small funds; use protective tools (e.g. stop-loss), position management, portfolio diversification.
Regularly monitor your portfolio status, prices, any fees, and market news — because the crypto market is highly dynamic.
Bybit pros and cons — a realistic view
✅ Pros
Wide range of features — spot, derivatives, staking, “earn”, liquidity, app, copy trading.
Low fees, high liquidity, good platform performance.
Passive income opportunity — you don’t need to monitor the market daily.
Opportunity for experience and potentially high returns — for those who want to try their hand at active trading.
⚠️ Cons / risks
Derivatives, leverage, and margin carry high risk — losses can be significant.
The platform can be complex for beginners — many features, options, and parameters.
Regulatory restrictions — depending on the country, some features may not be available.
The need for your own strategy, discipline, and understanding of risks; cryptocurrencies are volatile.
How I (Žan Nekrep) advise – my recommendations for Slovenian beginners
Because I want readers of zannekrep.si to start smart — here is my recommended approach:
Education is key. Before your first investment, take your time — read guides, understand the terms and the risks.
Small first investment + DCA / Auto-Invest. This way you build your portfolio gradually, without taking on major risk.
Passive + active = a mixed portfolio. A portion of funds dedicated to “hodling / earning”, a portion perhaps for more active trading (once you feel comfortable).
Don’t risk what you can’t afford to lose. Funds you need for everyday life — keep them safe.
Protect your assets — consider a cold wallet. Don’t keep everything on exchanges — this applies in every crypto scenario.
Be disciplined and patient. Crypto is not a “get rich quick” scheme (unless you’re willing to take the risk) — success is often a long-term endeavour.
If you want to learn more — sign up for a free webinar here
Frequently Asked Questions (FAQ)
How safe is it to use Bybit?
Bybit employs security measures such as two-factor authentication (2FA), cold storage wallets, and regular security audits.
However — as with any centralised service – there is always a risk. It is therefore advisable to store long-term investments in your own crypto wallets.
Is Bybit suitable for beginners?
Yes — if you start with methods such as spot buying, DCA (Auto-Invest), or “Earn / Savings / staking”. Derivatives and leverage should wait until you understand the risks.
How much can I earn with cryptocurrencies on Bybit?
Earnings depend on your strategy, knowledge, discipline, and… luck as well. The price fluctuations of crypto assets are significant. As a beginner — you can aim for gradual portfolio growth over the long term.
What if the price drops?
If you trade with leverage/margin — you risk more. But if you hold coins (spot) or have already moved them to “earn / staking / a wallet” — a drop may only represent a temporary loss. In the long run, it’s important to be patient and have a plan.
How do I get started without taking on major risk?
The easiest way: small investment → spot or auto-invest → diversified portfolio → long-term thinking → a portion of funds for “hodling/staking”, a portion for security (cold wallet).
Conclusion
Bybit is one of the most versatile crypto exchanges, offering a wide range of options — from classic cryptocurrency purchases to advanced trading tools, staking, and passive income. If you’re willing to invest time in learning and have realistic expectations, it can be a tool that helps you enter the world of cryptocurrencies and gradually build wealth.
For beginners, the smartest path is: small investment + DCA / Auto-Invest + a portion for “hodling / staking” + discipline and patience.
I look forward to your journey in the world of cryptocurrencies — may it be thoughtful, safe, and successful.
