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

Trading

Investing

Did you know knowing your trading personality can help you make more informed investment decision to magnify profits? Find out yours today.

When it comes to investing, there is no type of "one size fits all" advice. Different people approach investing with different priorities and needs. To find strategies that work for you, you need to understand your personality and consider how it affects your trading. Our guide will help you discover your trading personality so you can choose the best strategies for your unique approach to investing.

A trading personality refers to all the traits and characteristics that affect your ability to handle financial trades. It describes your approach to investing and helps you find strategies that suit you.

Many different factors go into determining trading personalities. For example, things like your ability to focus on little details or see the big picture can influence your decision to either day trade for immediate profit or focus on long-term trading. By carefully analyzing the thoughts, emotions and behavioral patterns that impact your trading, you can discern the types of trading that complement your personality.

The world of finance is broad, and there are a lot of different techniques available to traders. Depending upon your personality type, you may naturally gravitate toward a specific type of trading.

 involves holding the same investments for extended periods. Position traders like to capitalize on long-term market trends by doing things like purchasing promising crypto and waiting for it to increase in value. This type of trading tends to attract people who are patient, strategic and analytical. If you don't like risks and prefer low-maintenance trades, it might be for you. However, position trading doesn't usually suit traders who prioritize adventure and spontaneity.

 prefer to close their trades within a few days or weeks of initiating them. They like working on a short-term time frame, and following small changes within price trends. Swing trading is an ideal strategy for investors who are detail-oriented, organized and creative. Those who are cautious and dislike risk, however, may choose to avoid swing trading.

, you buy and sell rapidly to capitalize on brief price fluctuations. Successful day traders are usually quick thinkers who remain calm under pressure and easily identify patterns. This style of trading can also attract fun-loving and risk-seeking traders, but those tempted to use day trading as a form of gambling often end up losing large amounts of money.

Investors approach crypto and stocks quite differently from the way standard traders do. Instead of capitalizing on market trends, they aim for slow yet steady growth of their funds, paying close attention to the company behind the asset instead of just following price changes. Investors tend to be risk-averse and enjoy taking on managerial responsibilities, but more creative traders may become bored by investing.

Top 10 Characteristics of a Successful Trader

Ultimately, there are many different ways to be a successful trader. Though a broad range of personalities can do well with trading, you'll find that most effective traders have one or more of the following characteristics.

How Do Personality Traits Affect Your Trading Success?

) is a useful framework for analyzing your personality traits and trading styles. This psychology-based system theorizes that all humans fall into 16 different categories based on certain traits.

This MBTI classification refers to one's area of focus. Extroverts are outwardly focused and thrive when surrounded by others, while introverts are inwardly focused and think best when alone.

Successful traders are often introverted, since this trait is effective in careers where they work by themselves, for instance focusing on computers or numbers instead of people. However, there's nothing to stop extroverts from becoming traders, too. In fact, their interest in socializing can work well for web3 projects that require networking with others.

This classification describes how people prefer to process information. Those who rely on sensing prefer concrete facts, practical descriptions and realistic concepts. Intuitive people enjoy theoretical ideas, hypothetical scenarios and metaphorical descriptions.

At a glance, you might assume that people with a sensing personality do better with trading. It's certainly true that they’re more likely to research things carefully and make data-based decisions related to hard facts. However, intuition can also be surprisingly useful for traders who like to look at the big picture and use economic or mathematical theory to inform their trading decisions. They often do an excellent job of synthesizing data from multiple sources so that they can trade creatively.

This classification refers to a person's decision-making abilities. An individual with a feeling personality tends to base their fundamental analysis on feelings, personal preferences and a desire for harmony with others. Meanwhile, those with a thinking personality often base decisions on logical reasoning and ethical values.

For the most part, people with a thinking personality tend to be more effective traders. They’re often more levelheaded, and less likely to be swayed by anxiety or enthusiasm. Of course, people who fall into the feeling category can still trade, but they need to be aware of their tendency to be influenced by emotion and take steps to avoid letting it push them into poor trading decisions.

This MBTI classification addresses how people prefer to live. Those with a judging personality like things to be black and white and prefer technical analysis. They respect rules and do well with detailed instructions. Meanwhile, people with a perceiving personality like to live spontaneously, and see rules and instructions as optional.

Judging personalities often do well with trading. Especially when following tried-and-tested trading strategies, they’re unlikely to make careless mistakes that cause major losses. However, their lack of flexibility can lead to problems when the market moves in surprising directions. Perceiving people may be prone to making ill-informed trades, but their ability to think on their feet can help them better adjust to unexpected price changes.

Understanding Your Trading Personality for Bybit’s Product Suites

As an ISTJ crypto trader, you tend to adopt a methodical approach to trading. You’re not afraid of digging into the nooks and crannies of a project. With a meticulous eye for detail and a preference for structured strategies, you prioritize in-depth research over market sentiments. Your patient, disciplined and risk-averse nature allows you to adhere to a well-defined plan, focusing on long-term value and stable investments.

Being the heart and soul of a community, you embody the spirit of an ISFJ guardian, a knight in shining armor. Like a crypto superhero, you swoop in to safeguard projects promising a better future for crypto. Your cape billows with the rushing wind as you remain a steadfast ally to the causes you champion. You are the GameStop warrior, a true Keith Gill* at heart, holding the line until the end and showing the world that your faith and determination are unshakeable.

*The man behind the GameStop short squeeze of January 2021.

Unlike those who are in it for the money, you’re a crypto dreamer who dives into the space for the intrinsic value. Schemes to get rich quick may be tempting, but they’re never the key drivers of your actions. You're the perfect blend of intuitive thinking and long-term vision. Your knack for envisioning the future shines as you see not just what it is, but what it can become. Trust that gut feeling of yours. It's probably the inner crypto compass that will guide you through the noise and chaos.

A natural-born strategist, you navigate the cryptoverse with precision and foresight. With your radar for technical innovation and your nose for the next big thing, you're always one step ahead of the game. Herd mentality? Never in your vocabulary. When the going gets tough, you take a step back, look at the larger picture and make your moves like a chess grandmaster.

You're no stranger to crypto trading: API, bots and AI-powered strategies are all part of your tool kit. As an early adopter, you're all about disrupting the status quo. You're constantly tinkering and experimenting with all the new and exciting things the crypto space offers. Nothing can quell your adventurous spirit, because you have that fire in your belly. Competitive by nature, you're never deterred by setbacks, knowing that a treasure trove of opportunities awaits on the next turn.

: Bybit Copy Trading and Futures Grid Bot

As an ISFP crypto trader, you’re part of a unique breed. You're not the typical cookie-cutter profit-seeker. Intimately connected with your inner emotions, you seek projects that resonate with your personal values. You're a highly creative and independent thinker, constantly looking for innovative ways to build your portfolios: a canvas for your creative expression, carefully curated with a touch of artistic flair. If you're ever feeling in a rut, just think outside the box and let your creativity take the reins.

What Type of Trading Personality Do You Have?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards