Complete Beginners Guide to Bybit 1. What is Bybit and how does it work? Bybit is a cryptocurrency derivatives exchange that allows users to trade with leverage, offering perpetual contracts for Bitcoin and other cryptocurrencies. It provides advanced trading tools, deep liquidity, and a user-friendly interface for both beginners and experts. 2. How do you long or short Bitcoin on Bybit? To long (buy) or short (sell) Bitcoin on Bybit, follow these steps: (1) Deposit funds into your Bybit account, (2) Navigate to the trading interface, (3) Select the BTC/USDT perpetual contract, (4) Choose your leverage and position size, and (5) Click 'Buy/Long' or 'Sell/Short' to execute the trade. 3. How can beginners make money trading crypto on Bybit? Beginners can make money on Bybit by: (1) Learning risk management strategies, (2) Starting with small trades and low leverage, (3) Using stop-loss orders to limit losses, (4) Following market trends and analysis, and (5) Practicing with a demo account before trading with real funds.