Learn how you can import your mnemonic phrase for Bybit Wallet with our comprehensive article.

For new users, it's recommended that they familiarize themselves with the wallet's basic operations, understand its features and characteristics, and then start using and importing mnemonic phrases.

If you haven't installed Bybit Wallet yet, please click 

After installation, you can pin the Bybit Wallet to the toolbar through the following steps:

 icon in the upper right corner of your browser, and the Bybit Wallet will pop up the initialization interface.

Before using your Bybit Wallet, please set a password first. This password is used to unlock your wallet and encrypt your key information. The local password will not be uploaded to our server, so please keep it carefully. Once lost, the password cannot be retrieved.

After entering the password, please check the 

If you are already using Bybit Wallet, then you only need one step to import your mnemonic phrase.

Please click on the wallet address to enter the wallet management page:

Next, enter the device password you created for the wallet and click 

After setting the local password, please select 

If your mnemonic phrase length is 12, you can click the 

 input box and paste it directly. Of course, you can also manually enter them one by one.

In addition, we also support mnemonic phrases of different lengths, which are 12-, 15-, 18-, 21-, and 24-word mnemonic phrases, all of which can be imported into Bybit Wallet. Please choose the one that suits you.

 button to import. Bybit Wallet will search for the wallet address that has assets under the mnemonic phrase and automatically import it into Bybit Wallet.

At this point, the mnemonic phrase has been successfully imported into Bybit Wallet.

In the import wallet interface, you can also choose to import the wallet using your private key. Just click 

, then enter your private key in the input box, and then click 

Now, you can start using Bybit Wallet to your heart's content. Remember to update your wallet regularly to get the latest features and optimizations. We are always working hard to improve and enhance the user experience of Bybit Wallet. If you have any suggestions or feedback, feel free to let us know any time.

Beginner

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How to Import Your Mnemonic Phrase for Bybit Wallet

USDt's launch on TON leverages Telegram's massive user base for enhanced peer-to-peer payment efficiency. Learn more here.

Stablecoins play a pivotal role in the digital economy, offering a bridge between traditional fiat currencies and the volatile world of cryptocurrencies. Tether (USDt), the foremost stablecoin by volume and usage, has expanded its reach by launching on The Open Network (TON), a significant move that integrates with Telegram to streamline 

In this article, we’ll explore USDt’s launch on TON, the advantages of USDt being on TON, how this launch benefits the ecosystem, and the ongoing Bybit x TON campaigns that you can participate in.

, widely recognized by its symbol, USDt, holds the title of most heavily utilized stablecoin in the cryptocurrency market. It boasts an impressive daily transaction volume that has exceeded $85 billion and maintains a total market capitalization of over $106 billion. Each USDt token is directly pegged to the U.S. dollar at a 1:1 basis and is 

This stability is critical, distinguishing USDt from more volatile cryptocurrencies and making it indispensable for daily transactions, trading, remittances and safeguarding assets against the fluctuations common in the digital currency market. The inherent stability of USDt renders it a preferred medium for various financial activities, including exchange platforms, decentralized finance (

Previously, USDt lacked a distribution platform that could truly simplify and globalize payments for a wide audience. Its recent integration with TON addresses this void by offering an easy-to-navigate, globally accessible payments experience with the potential to reach millions.

, a blockchain network designed for speed and scalability, is deeply integrated with Telegram, a popular messaging platform. This integration enables TON’s blockchain to leverage Telegram's extensive user base, providing a seamless and intuitive user experience for cryptocurrency transactions directly within the messaging app.

The launch of USDt on TON, announced in April 2024, provides 900 million monthly active Telegram users with a fresh 

 experience, enabling peer-to-peer payments on a global scale. 

 views this as a pivotal advancement in leveraging digital currencies for everyday use worldwide. In collaboration with Tether, TON is set to simplify one of the most common financial activities—peer-to-peer payments—making them as straightforward as sending a message, with no intermediaries, borders or limitations.

Paolo Ardoino, CEO of Tether, has expressed enthusiasm about this initiative, highlighting its alignment with TON's vision for an open, decentralized internet and a borderless financial ecosystem. According to Ardoino, the integration of USDt with TON will facilitate seamless global transactions, offering an experience that rivals traditional financial systems and supports the broader mission of enhancing financial infrastructure across the blockchain domain.

This strategic move is integral to TON's broader mission of embedding cryptocurrency use into everyday life and making digital assets accessible right from Telegram, thus potentially onboarding hundreds of millions into the web3 ecosystem. This represents a significant step toward actual use cases of cryptocurrency that hold the promise of widespread adoption.

11 Million Toncoin in USDt Launch Incentives

To mark this significant launch of this initiative, substantial incentives have been designed to attract early adopters. A total of 11 million Toncoins have been allocated as incentives, including: 

These incentives are time-sensitive, which underscores the launch's unique appeal and potential impact.

Note, however, that the availability of USDt on TON is restricted in certain regions, including the mainland U.S. and its territories, as well as for U.S. citizens and in prohibited countries as defined under Tether’s Terms of Service, due to regulatory considerations.

The deployment of USDt on TON heralds a new era in digital finance, leveraging the network's superior efficiency, scalability and security features. Combined with the expansive reach of Telegram, the platform sets an ideal stage for enhancing USDt’s accessibility and utility.

Following are the main advantages of USDt on TON.

These features embody the vision of a decentralized, peer-to-peer financial system without intermediaries, aligning with Bitcoin creator 

’s vision of “a purely peer-to-peer electronic cash without an intermediary.”

How Does USDt on TON Benefit the TON Ecosystem?

Integrating USDt with TON and its native Wallet in Telegram significantly enhances the user experience for the TON community. This integration allows USDt to operate as a native stablecoin within the TON ecosystem, enabling users to send USDt to anyone globally through Telegram at no cost. Unlike other on-chain wallets that might involve additional fees, transactions within the TON ecosystem are free of hidden charges, with users only responsible for nominal network fees. Soon, they’ll also have the option to cover on-chain gas fees using USDt-TON, further streamlining the process.

This development is particularly advantageous for those new to cryptocurrencies. USDt on TON serves as a welcoming gateway, merging the benefits of digital currencies with the stability of traditional fiat currencies. This blend significantly simplifies the crypto experience, providing newcomers with a stable and secure platform to explore DeFi on Telegram and broaden their understanding of the digital economy. 

Additionally, this integration not only enhances usability but also fosters inclusivity, making digital currencies more accessible and functional for a global audience.

To celebrate the launch of USDt on TON, Bybit is holding two exclusive events where you can earn a share of the total 120,000 USDt prize pool! The events are being held from Apr 29, 2024, 10AM UTC through Jun 23, 2024, 11:59PM UTC.

Event 1: Learn & Earn: TON Airdrop of 80,000 USDt

Grab a share of the 80,000 USDt prize pool by following the four simple steps below:

All eligible participants will split an equal share of the prize pool, capped at 3 Toncoin per user,

Event 2: Refer & Earn: Invite New Users, Unlock 40,000 USDt in TON Rewards

Interested in learning more? Simply invite new users to join Bybit and participate in the first event. Both you and your qualified referee will receive 0.3 Toncoin each.

Please take note that rewards will be distributed on a first-come, first-served basis.

The launch of USDt on TON is more than just a technical integration: it’s a strategic expansion that could redefine global digital payments. By combining TON's advanced blockchain technology with Telegram's widespread adoption, Tether has positioned USDt to significantly influence the future landscape of DeFi and peer-to-peer payments.

Intermediate

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USDt on TON: Streamlining Peer-to-Peer Crypto Transactions

Complete these steps to deposit easily on Bybit, fast and easy. Don't worry, it's beginner-friendly.

Looking for a guide on how to deposit funds on Bybit? We hear you! Here’s a detailed operation process so that you can easily make a deposit by transferring cryptocurrency from your external wallet, or purchasing fiat currency to deposit to your Bybit account.

Funding Your Bybit Account: Depositing Crypto on Bybit

Before you can fund your Bybit account, you first need to 

. If you don’t already have one, please click on our 

. After you’ve done that, we can explore the different ways you can fund your Bybit account.

If you already have funds in an external crypto wallet or on another exchange, you can choose to deposit crypto into your Bybit account through a blockchain transaction. However, you should be aware of the following:

: Once you’re logged into your Bybit account, hover your cursor over the 

tab on the top right corner of the Bybit home page. Then, click on 

: Choose the coin that you would like to deposit. 

: Select the chain type for the coin you would like to deposit. You can also choose where you would like your funds to be transferred — your Spot Account, Derivatives account or Funding Account — by indicating this in the 

field. The deposit will be credited to your Funding Account by default.

: Once you’ve confirmed the details, you can proceed to scan the QR code or copy the deposit address and use it as the destination address.

: Once you’re logged into your Bybit account on the Bybit App, tap on 

located on the bottom right corner of the screen) and select 

: Select the coin that you would like to deposit.

: Select the chain type for the coin that you would like to deposit. The deposit will be credited to your Funding Account by default.

: Once you’ve confirmed the details, scan the QR code or copy the deposit address and use it as the destination address.

Funding Your Bybit Account: Buying Crypto on Bybit 

Don’t have any funds in your external crypto wallet? Fret not, because you can easily 

Buying Crypto with Credit/Debit Card Payment

: After you’ve logged into your Bybit account, hover your cursor over the 

tab on the top left corner of the Bybit home page and click on

and input your credit/debit card information. 

: After you’ve added your credit/debit card, select the fiat currency that you would like to pay with. Then, select the coin that you would like to receive.

: Input the amount that you would like to purchase and select the credit/debit card you’ve added. Then, click on 

: You’ll be asked to verify your purchase. If the details are correct, you may proceed to click on 

: The card payment will be processed and you may be prompted to key in a one-time password or confirm the transaction from your bank app.

: Once the transaction is completed, you can click on 

: Click on the drop-down menu and select any of the available third-party service providers. 

: After you’ve chosen your third-party service provider, input the amount that you would like to purchase and select the coin you would like to receive. Then, click on 

. Select the coin that you would like to receive.

: Choose your payment channel and verify your purchase. If the details are correct, you may proceed to click on 

: You will be redirected to the third-party website to continue the purchase process. 

tab on the top left corner of the Bybit home page and click on 

: Select your preferred fiat currency by clicking on the drop-down menu, and input the amount that you would like to deposit. You may then choose your preferred 

: After the transaction has been processed, you can view your fiat currency under 

tab. You can then proceed to purchase crypto with these funds.

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How to Make a Deposit in Bybit (A Complete Guide)

Would you like to close a position in order to realize a profit or a loss? There are multiple ways to close a position on Bybit: Close

Would you like to close a position in order to realize a profit or a loss? There are multiple ways to close a position on Bybit:

Head over to the Positions tab. There, you can close a partial (or an entire) position by clicking on either the 

    (b) Select a proportion of the closing quantity

    (b) Enter the closing quantity, or

Select a proportion of the closing quantity

Place a New Order in the Opposite Direction

For Inverse Perpetual and Inverse Futures Contracts (in One-Way Mode)

, you may place a new order in the opposite direction of your current position in the order zone.

In this example, a trader is holding a long position of 10,000 BTCUSD contracts. To close 50% of the position, he or she can place an order for 5,000 short positions. This will close off 5,000 existing long positions once the order has been filled.

For USDT Perpetual and Inverse Futures Contracts (in Hedge Mode)

 tab in the order zone in order to submit an order in the opposite direction.

Ensure that you are in Hedge Mode. If you are not currently in Hedge Mode, select the settings button located on the top right corner of the trading page, as shown below to set your trading preferences. Once done, proceed to the 

First, please set your trading preferences — TP/SL on Entire Position, or TP/SL on Selected Position — via the settings button on the right side of the trading page.

Your Take Profit and/or Stop Loss order has been submitted.

In order to better understand the partial TP/SL, let us assume that you are holding a long position of 10,000 BTCUSD contract quantity at $38,883.90.

You can pre-set 2,000 BTCUSD contracts at a position with TP at $40,000, and another 2,000 BTCUSD contracts at a position with SL at $36,000. When the price of BTC rises to $40,000, a partial close will successfully occur and a Take Profit order will be executed.

This feature allows you to place multiple TP or SL orders, so that when the underlying asset price surges or plunges, only a portion of your position will be closed. If a market reversal occurs, you can continue to benefit from your remaining position.  

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How to Close a Trade on Bybit

Bybit Learn

Investing

The use of artificial intelligence for crypto investing has shown promise, and experiments have found that using AI for crypto investing can be very effective.

Do you want to make informed crypto decisions without having to spend hours researching data? Artificial intelligence (AI) might be a great solution for you. This new technology has the potential to revolutionize cryptocurrency investments. However, using artificial intelligence for crypto investing doesn't mean you can just sit back and let a bot manage your portfolio. You still need to pick the right tools and make smart decisions. Explore this guide to learn all about how to use AI for crypto investing.

Artificial intelligence (AI) is a way to use technology to mimic human intelligence. In casual conversation, AI refers to any technology that can perform complex tasks and gradually improve its performance through repetition or data consumption.

Can You Use Artificial Intelligence for Crypto Investing?

The use of artificial intelligence for crypto investing is still a fairly new field. However, it already shows a lot of promise. Experiments have already found that using AI for crypto investing can be quite effective. For example, a 

 found that an AI investor outperformed a crypto investor's portfolio. While the human investor tried a high-risk, aggressive investment, the AI created a low-risk strategy that made slightly more money than the human investor did.

For investors interested in artificial intelligence, there's nothing stopping them from adding it to their portfolio management tools. The crypto market is fairly open and unregulated, so unlike some forms of banking, there aren't any barriers preventing people from using crypto. You can easily find products that work alongside AI technology, and some 

How Does Artificial Intelligence Work in Crypto Investing?

The primary way to use AI for crypto investing is by processing data. Generally speaking, a more informed investor performs more effectively. AI technology can gather more data than humans can, and spend more time analyzing it to find trends in the crypto space. It can take wisdom from a thousand sources and combine it all into a single effective way of managing the crypto sector.

Another huge benefit of using AI for crypto investing is due to its ability to automate the investment process. Crypto investing is all about timing, but human investors have to take breaks to eat and sleep. Some types of AI technology can execute 

 and handle all of these details for you, so you never miss an opportunity.

Using AI for crypto investing can also be a valuable means of educating yourself. The usual process for learning about investment techniques involves many hours of reading books and listening to lectures. AI models can process all of these details for you and give you helpful summaries. This saves you time and helps you get the investment advice you need as quickly as possible.

Ways to Use Artificial Intelligence for Crypto Investing

With all of its different services, there are a lot of ways to use AI for crypto investing. Depending upon how you like to handle crypto assets, you might want to try one of these techniques.

One of the most popular ways of using AI for cryptocurrency investing is to get help selecting cryptos. AI algorithms can assess 

 and highlight trending cryptos. They're also useful for analyzing price data and finding good times to buy. Compared to a human investor, an AI is less likely to be misled by hype or anxiety, so it can often choose more reliable options.

This type of AI crypto service takes crypto picking one step further. It takes into account your budget, 

 and investment goals so you can set up an entire portfolio in moments. This helps you create a diverse, well-balanced portfolio without having to calculate percentages and ratios yourself.

These AI solutions are some of the most interesting ways of interacting with digital assets. They both buy and sell crypto for you so you don't have to provide any input at all. In addition to choosing crypto assets, 

 also determine the best amount of time to hold them. By using AI for crypto investing, you can take advantage of even small shifts in smart contracts and market trends.

Portfolio optimization tools use tools such as 

 to maximize returns and minimize risks. With a portfolio optimization service, you can get tips on how to improve your existing set of digital assets. Some AI solutions can even automate optimization so that they constantly adjust your portfolio to keep it balanced, no matter how the crypto industry changes.

Succeeding in the crypto space is all about accurately predicting what will happen next. Using AI for crypto investing allows you to identify patterns in historical pricing data and trading volumes so that you can get an idea of how the crypto market is about to change. With AI, investors can successfully predict things such as which crypto prices will soar, or how long a 

The predictive powers of artificial intelligence make it a powerful risk management tool. With the right AI system, you can examine things like market indicators, historical data, and real-time information to find potential risks. In addition to warning you about risky activity in the crypto industry, some AI designed for 

 can also suggest strategies for mitigating risks.

How to Use Artificial Intelligence for Crypto Investing With Bybit

With Bybit, investors can access a broad range of AI and blockchain technology. These helpful features make it easy to try artificial intelligence for crypto investing.

, using AI for crypto is easy and stress-free. Bybit’s platform lets you browse a variety of preconfigured trading bots, and you can view their performance, pick successful options and use their services for free. Bybit's AI trading services use a variety of techniques, and you can pick from strategies like 

 offers you the powerful advice of AI without having to fully automate your trading habits. Using this tool is as simple as chatting with an investment assistant. For example, you can ask it how an investment strategy works or request pricing data on a coin, and it gives you personalized market insights. Bybit TradeGPT also offers helpful summaries of market trends and popular coins. This method of using AI for crypto investing makes it quick and easy to get the information you need for your trades.

Bybit TradeGPT has also recently been integrated with Copy Trading to launch 

, a groundbreaking trading tool that offers a data-centric investment approach and proven records of stable returns. It also doesn’t require any profit-sharing and coding, granting you unprecedented access to AI-powered strategies.

 represents a sophisticated, AI-driven trading tool designed to scrutinize past market trends. This technology conducts a comprehensive seven-day backtesting to determine the most effective strategy settings, focusing on aspects such as return rates, frequency of arbitrage opportunities and other vital elements. Bybit Aurora AI intelligently crafts strategy options and categorizes them into 

 to streamline your trading experience. This innovation in automated trading significantly reduces the complexity of bot trading, making it more accessible for individuals eager to engage in the crypto market.

Pros and Cons of Using Artificial Intelligence for Crypto Investing

Should you try artificial intelligence for crypto investing? There are certainly a lot of benefits to combining AI and blockchain technology. Some of the pros of using AI for crypto investing include the following:

However, keep in mind that using AI for crypto investing won't automatically guarantee that you become a millionaire. Like any other investment tool, there are some potential downsides. You need to be aware of the following disadvantages before trying AI:

Using Artificial Intelligence for Crypto Investing: Is It Worth Trying?

The use of artificial intelligence for crypto investing is a fantastic tool that shows a lot of promise. While new investors can benefit from expert AI assistance, experienced traders can use AI services to further fine-tune their trading. If you like the idea of saving time while still making money in the crypto sector, AI might be for you. As long as you choose the right technology for you, AI technology can be extremely helpful.

The only investors who need to completely avoid AI crypto products are those who enjoy micromanaging, or don't feel comfortable working with machine learning and artificial intelligence. If you're in this demographic, don't let the use of AI for crypto investing scare you away from the crypto sector altogether. While AI does save time and generate profit, it only slightly outperforms human investors. If you're confident in your investment strategy, avoiding AI doesn't mean you're leaving tons of money on the table.

Is Using Artificial Intelligence for Crypto Investing Safe?

Like any new technology, some new AI startups 

. It's important to work only with dependable AI models that will safeguard your security and privacy. You'll also need to select well-made AI solutions that are unlikely to have significant glitches or errors. Be aware of the possibility of mistakes, and take the time to check up on your AI occasionally. This will help you avoid any hacks or bugs that could harm your investing. Simply put, you should still 

 even when you’re using artificial intelligence for crypto investing.

The explosion in AI technology has led to a lot of good investment advice for the crypto sector. Whether you use machine learning to find the latest trends or AI algorithms to calculate the best time to sell, artificial intelligence can be very useful. Although it doesn't entirely replace actual research and portfolio management, the use of AI for crypto investing is becoming a valuable tool for investors.

How to Use Artificial Intelligence for Crypto Investing in 2023

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards