Bitcoin is a volatile and highly unpredictable cryptocurrency. That’s why it’s so difficult to trade it successfully with a broker. However, there are brokers out there who trade Bitcoin successfully on a daily basis.
How? By using advanced software like the MetaTrader 4 (MT4) trading platform and bybit, a company that specializes in creating crypto trading software. Fortunately, even if you’re not an experienced trader with access to these types of tools, you can still easily trade Bitcoin using MT4 and bybit. In this brief guide, we’ll explain exactly how you can do just that.
How to Trade Crypto on Bybit ?
What is MT4?
MT4 is a trading platform used by traders to buy and sell different assets including stocks, commodities, and, of course, cryptocurrencies. It’s suitable for both experienced and beginner traders as it offers a wide range of trading tools including advanced charting, technical analysis, and automated trading. If you’re an experienced trader, you no doubt already know that MT4 is one of the world’s most popular trading platforms and is used by both amateurs and professionals. Alternatively, if you’re a beginner and don’t have access to a trading platform, you can still easily trade Bitcoin by using MT4. What’s great about MT4 is that it allows you to trade Bitcoin and other cryptocurrencies against fiat currencies and other cryptocurrencies. You can also use it to trade crypto pairs such as Ethereum against Bitcoin.
Bybit and MetaTrader 4 platform
Bybit is a company that has been working with lots of brokers and financial trading platforms over the years to help them create advanced crypto trading tools. One of their main tools is the MetaTrader 4 trading platform, which is used to trade Bitcoin, Ethereum, and many other cryptocurrencies. Bybit MetaTrader 4 is a fully automated trading platform that allows you to trade several cryptocurrencies. It also allows you to trade Bitcoin with a broker by using MT4 and a Bitcoin wallet. Even though you can only trade Bitcoin using MT4, you can actually use the same platform to trade other cryptocurrencies. All you need to do is download the system and use the same Bitcoin wallet address.
How to trade Bitcoin with MT4
If you want to trade Bitcoin using the MT4 trading platform, the first thing you need to do is create an account with a broker that supports MT4. Then you need to deposit funds into your account and buy Bitcoin. The best way to buy Bitcoin is to use a cryptocurrency trading platform since they allow you to buy Bitcoin with fiat currency. Once you’ve bought Bitcoin, transfer it to your MetaTrader 4 trading account. Once you’ve transferred your Bitcoin to your MT4 trading account, you’re good to go. You can now use the same Bitcoin wallet address to send and receive Bitcoin.
Create a Bybit Account
Don’t have an account yet? Please follow the steps below.
Then select the registration method. You can register with your email address or mobile phone number.
Sign Up by Email
Please enter the following information:
- Email address
- A strong password
- Promo code: JR39XZ
A confirmation page will appear. Drag the slider to meet the verification requirements.
Finally, enter the verification code sent to your email inbox. Click “Finish Registration”.
If you have not received the confirmation email, please check your email spam folder.
Congratulations! You have registered a Bybit account.
How to Register for a Bybit MT4 Trading Account
After successful registration, your MT4 login details will be sent to your email address.
If you can’t find your login information, be sure to check your spam folder. It is important to write down your login information in a safe place. For security reasons, you can change your password at any time later.
How to Download MT4 on Bybit
There are two ways to download MT4 cryptocurrency trading software from Bybit. You can click on the download link you received in the email, or you can download the software directly from the MT4 homepage link. If you have completed the registration steps described in the previous section, you should receive a download link in the email with instructions on how to proceed.
Although this is the recommended method, it is also possible to download the MT4 cryptocurrency trading software directly from their website before registering. However, you still need to register and activate your MT4 account to receive your login information. The MT4 activation button is located on the home page next to the download link.
How to Log In to Your Bybit MT4 Account
Once you have downloaded and opened the Bybit MT4 cryptocurrency trading software on your computer, click on the File menu and select Log in to a trading account from the drop-down menu. A pop-up window will appear asking you to enter your credentials, username and password. Select a server to start trading. Please use BybitGlobal-Asia servers for real-time transactions. For demo trading please select BybitGlobal-Demo server.
On your mobile device, select Settings to view your trading account settings. Click New Account to log in to your account. On the next screen, select Login to an Existing account and then search for a Bybit Live or Demo server. After completing these steps, you will be redirected to the login prompt. Simply fill in the login fields with the default login information sent to your email and you’re ready to start using the software.
How to Place Orders on Bybit MT4
Trading cryptocurrency pairs are visible on the left side of the platform. You can also view these pairs by clicking on the symbols in the View menu. When you are ready to trade, right-click on the cryptocurrency pair and select New Order to open the order window.
At this point, you can choose the amount of the order, as well as other trading parameters, such as Stop Loss and Take Profit. By default, orders are set to market execution.
If you choose your option, you start trading at the best market price. You can execute a Pending Order by selecting that option from the order menu. Just click the arrow next to Market Execution to show more options. Other types of orders include limit orders and stop-loss orders.
After placing an order, it will be visible in the trading terminal (under the cryptograph) and you can change or cancel the order. To cancel an order, right-click on the open position in the trading platform. Subsequent windows can also be used to modify orders by submitting new trade parameters. You can even place rear stops in the open positions.
How to Enable Expert Advisors
To enable this feature, click on Expert Advisors in the navigation panel, usually located below the Market Watch panel on the left side. If the panel is not visible, click the View tab to display options for the various trading panels.
Here you can right-click on an expert advisor to add it to the chart or drag it to the chart window. A “smiley” symbol appears in the upper right corner of the chart window, indicating that the expert advisor is set correctly.
Before activating the EA, make sure that the auto-trading feature is enabled. (This feature is visible in the top menu.) A green play sign indicates that the feature is working properly. If nothing seems to work, click Options on the Tools menu and check all the boxes.
Deposit Blast-Off: Up to $4,000 in Rewards
The more you deposit and trade, the bigger your rewards – when you unlock top tier rewards, you’ll be upgraded to VIP2!
|Deposit Amount||Trading Volume||Reward (in Bonuses)|
|≥ $100||–||1 USDT|
|≥ $300||–||10 USDT|
|≥ $1,000||–||30 USDT|
|≥ $3,000||≥ $10,000||100 USDT|
|≥ $10,000||≥ $50,000||350 USDT + 14-day VIP1 Trial Card|
|≥ $20,000||≥ $500,000||750 USDT + Upgrade to VIP1|
|≥ $100,000||≥ $2,000,000||4,000 USDT + Upgrade to VIP2|
Please note: that users need to deposit at least $100,000 and reach a minimum trade volume of $2,000,000 within 14 days to receive the 4000 USDT bonus and the maximum reward for upgrading to VIP2. If the user only recharges but does not complete the transaction task, or the transaction volume does not meet the transaction volume standard, only a lower reward level can be obtained.
Bybit Cryptocurrency Exchange
If you want to trade Bitcoin with a broker but don’t have MT4, then you can use bybit. It’s a fully functional cryptocurrency exchange that allows you to trade Bitcoin and many other cryptocurrencies. You can use bybit to trade Bitcoin and other cryptocurrencies against fiat currencies as well as other cryptocurrencies. You can even use it to trade crypto pairs such as Ethereum against Bitcoin. You can use bybit to trade Bitcoin with a broker by downloading the trading platform and setting up a Bitcoin wallet. Once you’ve done that, you can deposit funds into your account and start trading Bitcoin.
Final Words: Should you trade Bitcoin with MT4?
If you’re a beginner who wants to start trading Bitcoin, using the MT4 trading platform is a good option. It’s suitable for both novice and pro traders, and you can use it to trade Bitcoin against fiat currencies and other cryptocurrencies such as Ethereum. However, if you’re an experienced trader and have access to advanced trading tools, you should use them to trade Bitcoin. This is because trading tools like bybit are suitable for beginners only. That’s why you should use them if you’re a beginner, but if you’re an experienced trader, you can use advanced tools like MT4 to trade Bitcoin successfully.
Once your MT4 account is open, you will receive a confirmation email from Bybit with your account login information and a link to download and install MT4 on your computer. You can also download MT4 from the link below:
PC (Windows)/Mac: https://download.mql5.com/cdn/web/20665/mt4/bybitglobal4setup.exe
Mac (OS) systems generally do not support MT4. Users who wish to trade MT4 from a Mac can do so in parallel using Windows or refer to the Metaquotes website for instructions on how to install MT4.
To start trading on MT4, users must first transfer funds from their Bybit account to their MT4 account. Users who have not deposited and withdrawn money on Bybit before can refer to this link for more information.
How to Deposit Into Bybit
- Click here to learn more on how you can deposit funds into Bybit.
- Click here to learn more on how you can submit a withdrawal request from Bybit.
MT4 Account Transfer-In/Out
To transfer funds to your MT4 account, click the Activate tab at the top and then click Spot Account. Select an MT4 account to open the MT4 account transfer entry/withdrawal page.
Choose from the options below depending on whether you want to transfer money to or from Bybit MT4.
- Transfer-in: Transfer funds from Spot Account to MT4
- Transfer-out: Transfer funds from MT4 to Spot Account
Enter the amount you want to transfer and select Confirm to finish.
Immediate payout may require up to 15 minutes for processing. Note, however, that payouts may take longer if the network is heavily congested.
Yes there is. See the table below for details. This limit is reset to 0000 UTC daily
|KYC Level 0|
(No verification required)
KYC Level 1
KYC Level 2
|2 BTC*||50 BTC*||100 BTC*|
*All token withdrawal limits are subject to BTC index price equivalent. For more information on KYC, please visit this page. For special requests, contact our live chat support
Traders can see the minimum withdrawal amount and cost in the withdrawal window. Please note that the withdrawal fee is fixed for any withdrawal amount.