Bitcoin is a volatile and unpredictable cryptocurrency. Therefore, it is very difficult to trade successfully with a broker. However, there are brokers who successfully trade bitcoin every day.
How? It uses advanced software such as the MetaTrader 4 (MT4) trading platform and a company that specializes in cryptocurrency trading software development. Fortunately, you can easily trade Bitcoin using MT4 and ByBit, even if you are not an experienced trader who has access to these types of tools. In this short guide we will explain exactly how to do this.
How to Trade Crypto on Bybit ?
What is MT4?
MT4 is a trading platform that traders use to buy and sell various assets including stocks, commodities and of course cryptocurrencies. It offers a variety of trading tools, including advanced charting, technical analysis and automated trading, making it suitable for both experienced and novice traders. Experienced traders know that MT4 is one of the most popular trading platforms in the world and is used by both amateurs and professionals.
Also, if you are a beginner and do not have access to a trading platform, you can easily trade bitcoins using MT4. The great thing about MT4 is that you can trade Bitcoin and other cryptocurrencies with fiat and other cryptocurrencies. You can also use crypto pairs like Ethereum to trade Bitcoin.
Bybit and MetaTrader 4 platform
Bybit is a company that has partnered with many brokers and financial trading platforms to help develop advanced crypto trading tools. One of the 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 various cryptocurrencies. You can also trade bitcoins with brokers using MT4 and bitcoin wallets. Bitcoin can only be traded on MT4, but other cryptocurrencies can be traded using the same platform. Just download the system and use the same bitcoin wallet address.
How to trade Bitcoin with MT4
To trade Bitcoin using the MT4 trading platform, you must first create a broker account that supports MT4. Then you need to deposit money into your account and buy Bitcoins. The best way to buy Bitcoin is through a cryptocurrency trading platform. Because you can buy bitcoin with cryptocurrencies. After you buy Bitcoin, transfer it to your MetaTrader 4 trading account. If you have transferred your bitcoins to your MT4 trading account, you can now use them. Now you can send and receive bitcoins using the same bitcoin wallet address.
Create a Bybit Account
Don’t have an account yet? Follow the steps below.
Then choose a registration method. You can register using 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 appears. Drag the slider to meet the authentication 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
To register a Bybit MT4 trading account, go to the Bybit MT4 website and click the Activate MT4 button. A pop-up window will appear, allowing you to sign up for a Bybit account with your email address.
After successful registration, your MT4 credentials 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 record your login information in a safe place. For security, you can always change your password later.
How to Download MT4 on Bybit
There are two ways to download Bybit’s MT4 cryptocurrency trading software. You can download the software by clicking on the download link received in the email or directly from the MT4 Mapepage link. After completing the registration steps described in the previous section, you will receive an email with a download link with instructions on how to proceed.
Although this is the recommended method, you can download the MT4 cryptocurrency trading software directly from the site before registering. However, you will need to register and activate your MT4 account to get your login details. The MT4 activation button is located next to the download link on the home page.
How to Log In to Your Bybit MT4 Account
After downloading and opening the Bybit MT4 cryptocurrency trading software on your computer, click on the File menu and select Connect to your trading account from the drop-down menu. A pop-up window will appear asking you to enter your login information, username and password. Choose a server to start trading. Use the BybitGlobal-Asia server for real-time trading. Choose BybitGlobal-Demo server for demo trading.
Select Settings to view your trading account settings on your mobile device. Click New Account to sign in to your account. On the next screen, select Sign in with existing account and search for Bybit Live or Demo servers. Following these steps will redirect you to the login prompt. Just fill in the login fields with the default emailed credentials and you are ready to use the software.
How to Place Orders on Bybit MT4
Trading cryptocurrency pairs are displayed on the left side of the platform. You can also view these pairs by clicking Symbols on 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 select the order amount and other trading parameters such as Stop Loss and Take Profit. Orders are set to market execution by default.
When you select an option, you start trading at the best price on the market. You can fulfill a pending order by selecting the appropriate option from the order menu. Click the arrow next to Market Run to see more options. Other order types include limit orders and stop-loss orders.
After placing an order, you can view it in the trading terminal (under Crypto) and modify or cancel the order. Correct to cancel your order – click the open position on the trading platform. You can also use the following windows to change the orders by sending additional trading settings. The open position can stop.
How to Enable Expert Advisors
To call this feature generally under the left market control panel, click the expert counselor of the navigation panel. If the panel is not visible, click the image tab to display the options of another transaction group. From here you can right-click on expert advisors to add them to the chart or drag and drop them into the chart window.
A ‘smiley’ symbol will appear in the upper right corner of the map canvas to indicate that your expert advisor is set up correctly. Before activating your EA, make sure the auto trading feature is enabled. (This feature is visible in the main menu.) A green play icon indicates that the feature is working correctly. If nothing works, click the Options button on the Tools menu and check all the check boxes.
Deposit Blast-Off: Up to $4,000 in Rewards
The more you deposit and trade, the more rewards you get. Unlock the best rewards to reach the VIP2 level!
|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|
Users must deposit a minimum of $100,000 within 14 days and reach a minimum trading volume of $2,000,000 to receive a $4,000T bonus and maximum rewards for upgrading to VIP2. If a user only makes a payment and does not complete a transaction, or if the transaction volume does not meet the transaction volume criteria, only a low level reward can be obtained.
Bybit Cryptocurrency Exchange
If you want to trade bitcoins with a broker but don’t have MT4, you can use bitcoins. A full-featured cryptocurrency exchange for trading Bitcoin and many other cryptocurrencies. Bibit can be used to trade Bitcoin and other cryptocurrencies for fiat and other cryptocurrencies. Cryptocurrency pairs such as Ethereum can also be used to trade Bitcoin. By downloading the trading platform and setting up your Bitcoin wallet, you can use Bits to trade Bitcoin with the broker. Once you have done this, you will be able to fund your account and start trading Bitcoins.
Final Words: Should you trade Bitcoin with MT4?
If you are a beginner and want to start trading Bitcoin, the MT4 trading platform is a good choice. It is suitable for both beginners and professional traders and can be used to trade Bitcoin with fiat and other cryptocurrencies such as Ethereum.
However, if you are an experienced trader and have access to advanced trading tools, you should use it for Bitcoin trading. Because trading tools like bybit are only suitable for beginners. So, it should be used by beginners, but experienced traders can successfully trade Bitcoin using advanced tools like MT4.
When your MT4 account is open, you will receive a confirmation email from Bybit with your account login details and a link to download and install MT4 on your computer. You can download MT4 from the link below:
PC (Windows)/Mac: https://download.mql5.com/cdn/web/20665/mt4/bybitglobal4setup.exe
Mac systems (OS) generally do not support MT4. Users who wish to trade MT4 on Mac can trade with Windows or refer to the Metaquotes website for instructions on how to install MT4.
To start MT4 trading, users must first transfer funds from their Bybit account to their MT4 account. Users who have never deposited and withdrawn funds from Bybit can find more information at this link.
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 Activation tab at the top and then click Spot Account. Select MT4 Account to access the MT4 Account Transfer Entry/Exit 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 to transfer and select OK to complete.
Expedited payments may take 15 minutes to process. However, if the network is very congested, the payment may take longer.
Yes it is. See the table below for details. This limit is reset every day at 00:00 UTC.
|KYC Level 0|
(No verification required)
KYC Level 1
KYC Level 2
|2 BTC*||50 BTC*||100 BTC*|
*All token withdrawal limits correspond to BTC index price. For more information on KYC, please visit this page. Contact live chat support for specific requests
Traders can check the minimum withdrawal amount and minimum withdrawal fee during the withdrawal period. Remember that the withdrawal fee is fixed for the withdrawal amount.