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    How to Get Started With Pre-Market Trading
    bybit2024-11-06 04:53:06
    On the AppOn the Website

    Here is a step-by-step guide on how to navigate Pre-Market trading on Bybit Web. 

     

     

     

     

     

    How to Create a Pre-Market Order

    Step 1: On Bybit App, tap More on the Home page and go to Pre-Market Trading. Or go to Trade Pre-Market to create your order. 

     

     




     

     

    Step 2: 

     

    As a Maker

    On the Pre-Market Trading page, toggle to the coin you want to trade and tap Buy/Sell.

     



    In the pop-up window, enter Price and Order Quantity, and review your order details and fees incurred. Confirm by tapping Buy or Sell to proceed with your pre-market trade. 

     

     



    As a Taker

    You may browse through the cards of pending orders under the Buy or Sell tab. Choose the ones that match your trading expectations, and click Sell or Buy to confirm your order. You must take the order in full, i.e., fulfill the price and quantity specified in the Maker’s order entirely. Partial completion is not allowed. 

     



    Notes: 

    • As a seller, you need first to pay a transaction fee and a collateral amount based on the pledge rate. You will receive the payment and collateral in your UTA upon successful delivery. Failure to deliver in full and on time will result in the loss of your entire collateral placed for the corresponding pre-market order. 
    • As a buyer, you will receive the token at settlement time. Otherwise, a percentage of the seller's collateral as compensation on top of recovering your payment amount, if the seller fails to deliver on time. You can see the compensation you can receive on the order confirmation page. 




     

     

     

     

     

    How to Cancel a Pre-Market Order

    Please note that only incomplete orders can be canceled. Orders pending delivery cannot be canceled. 

     

    To cancel a specific order, go to My Orders → Active Orders and tap Cancel. For bulk canceling, click Cancel All to cancel all active orders. 

     




     

     

     

     

     

    How to View Active and Past Pre-Market Orders

    To view your past pre-market trades, click Order History, and use Coin Type, or additional filters such as Direction, and Status to narrow down your search. 

     

     

    Users may also view the settlement time for their respective pre-market orders. Sellers should prepare the tokens required in their UTAs before the end of the settlement period to ensure successful delivery. 

     

     

     

     

     

     

     

     

    How to Fulfill a Pre-Market Order

    As a buyer, once the order is matched, you only need to wait until the settlement time for token delivery. As a seller, to fulfill a pre-market order, you have to prepare the token in your UTA by the settlement time to complete the delivery. 

     

    Step 1: Deposit the required tokens to your Bybit account. Check the deposit chain and address to avoid asset losses. You may refer to this guide. Alternatively, you may purchase the coins required on Spot market once they are listed. 

     

     

     

    Step 2: Transfer the amount to your UTA within the settlement period to ensure successful delivery. 

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