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In this simple guide, we’ll show you how to get started with Bybit’s Web3 wallet. From creating your wallet to making your first deposit and trade, we’ve got you covered!
1. Creating a Web3 Wallet on Bybit
To begin using Bybit’s Web3 features, you’ll first need to create a Web3 wallet. Don’t worry – it’s quick and easy.
- Step 1: Open the Bybit app or website.
- Step 2: Navigate to the Web3 section.
- Step 3: Click “Create Wallet.”
- Step 4: Follow the prompts to set up your wallet. Make sure to store your recovery phrase safely – you’ll need it to recover your wallet if you ever lose access.
That’s it! Your wallet is now ready.
2. Depositing Crypto into Your Bybit Web3 Wallet
Once you have your Web3 wallet, it’s time to add some crypto.
- Step 1: Go to your wallet’s “Deposit” section.
- Step 2: Choose the crypto you want to deposit (e.g., USDT, ETH).
- Step 3: Copy the deposit address provided.
- Step 4: Send your crypto from another wallet or exchange to the address you copied. Make sure to double-check the address and network (e.g., ERC20 or TRC20) to avoid any mistakes.
Wait for the deposit to confirm – it usually takes a few minutes.
3. Trading on Bybit with Web3 Wallet
Now that you’ve deposited funds, let’s trade!
- Step 1: Go to the “Trade” section on Bybit.
- Step 2: Select the pair you want to trade (e.g., USDT/ETH).
- Step 3: Enter the amount you want to buy or sell.
- Step 4: Choose whether to place a market or limit order.
- Step 5: Confirm your order, and you’re good to go!
You can track your open orders and see your balance in real-time.
That’s it! You’ve now learned how to create a Web3 wallet, deposit crypto, and start trading on Bybit. It’s all about a few simple steps and you’re set to go.