The Bybit Unified Trading Account allows you to trade multi-currency, Spot, Spot Margin, USDT and USDC Perpetuals, USDC Options and USDC Futures in a single account. Read on to find out all about its benefits.

Cryptocurrency is a revolutionary asset class that keeps evolving, and exchanges like Bybit continuously seek to provide users with better and more robust solutions. Many users typically manage multiple accounts on a trading platform. As Bybit's product line expands into 

, you might wish to unify your accounts for better trade optimization. With the Bybit Unified Trading Account, you will now be able to manage all your assets and funds in one account.

Bybit's Unified Trading Account is open for all traders and users alike to access better risk management, higher capital efficiency, 

, and enhanced flexibility. Let's take a look at how the Unified Trading Account works.

The Bybit Unified Trading Account (UTA) enables easy and efficient trading by allowing users to consolidate assets and trade multi-currency, Spot, Spot Margin, USDT and USDC 

All assets can be consolidated without transferring assets between accounts for a comprehensive range of trading products and margins using their U.S. dollar-pegged value. This means that traders can now automatically borrow different cryptocurrencies if the overall portfolio value is sufficient. For instance, even if you don't have ETH in the account, you can still settle trades in ETH – ETH liability is automatically generated, and interest is charged, if applicable.

The Unified Trading Account calculates overall risk and assets on a USD basis at an account level. Given distinct liquidity profiles, assets will be converted at different rates into USD. The USD value of your Unified Trading Account is based on the following calculation:

Total Asset Value (in USD) = Number of Assets × USD Index Price × Conversion Ratio

Your profits and losses are netted within your account and margining is determined across assets. That way, losses on a single position will only trigger liquidation if the account maintenance margin has not been met.

Advantages of Bybit Unified Trading Account

Bybit offers a range of advanced trading products, including Spot, Perpetual contracts and USDC Options, often with generous 

. The Unified Trading Account allows you to manage multiple assets across the crypto ecosystem in one portfolio.

Users can access more than 70 assets as collateral, such as USDT, USDC, BTC and ETH. These assets serve as margin collateral calculated on a total account level rather than for each position. The system automatically calculates the available margin based on the prevailing conversion rate.

Traders can transfer all accepted cryptocurrencies into a UTA and trade any currency, as long as the account has sufficient funds overall.

If you lack sufficient margin for trading, the account will trigger 

. Auto-borrowing is put into effect in several scenarios:

If any of these scenarios occurs, the system automatically processes the borrowing of the necessary asset. The borrowed amount is interest-free within a specified range. For example, assume that Trader A has BTC in his account, but no USDT. When Trader A opens a USDT Perpetual contract and generates a trading fee of 10 USDT, the system will auto-borrow 10 USDT and count it as Trader A's liability. If the borrowed amount exceeds the interest-free amount range, interest will be charged on all liabilities, and hourly interest payments will automatically be made.

The Bybit Unified Trading Account promotes the efficient use of assets in the following ways:

Risk management is particularly robust because the margin is calculated at the account level rather than on the position. Trading profits and losses will offset one another, and you can avoid risk amplification because single losses don't necessarily trigger liquidation. Further, you can apply risk management strategies across a diversified portfolio, thereby improving your risk profile. 

The Unified Trading Account also includes 

, which protects your trades by allowing you to hold both long and short positions on the same asset, thereby mitigating potential losses during market fluctuations. Meanwhile, 

 ensures that your account is protected by offsetting profits and losses, thus preventing single losses from triggering liquidation.

UTA offers three specific margin modes tailored for different levels of trading experience, as follows:

Both Isolated Margin and Cross Margin support One-way and Hedge Modes, with the Hedge Mode only applicable to USDT Perpetual contracts. Meanwhile, Portfolio Margin supports only One-way Mode. 

Who Should Use Bybit Unified Trading Account?

The Bybit Unified Trading Account is ideal for all traders, as it provides convenient one-click access to our six core trading products. Moreover, the account's functionalities are simple to use and relatively suitable for all traders, from retail spot traders to institutional traders who prefer a consolidated account.

. You can access the account via the Bybit app, website or API. The UTA comes with the benefits of a 

, offering users access to more trading assets in one account and a simplified method to trade Spot and Derivatives and manage their portfolios on Bybit.

If you’re looking for cross-asset trading and margining of Spot leverage, Perpetual contracts, USDC Options and USDC Futures, The Bybit Unified Trading Account will bring to you all of these functions with simplicity of use. What’s more, you will also get to enjoy higher capital efficiency and full portfolio visibility. So, to enjoy the flexibility and convenience of owning a single account, make sure to upgrade to a consolidated UTA today!

Beginner

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What Is Bybit Unified Trading Account and How Does It Work?

Solana has unveiled its new smartphone, the Solana Seeker, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders.

The SPX index was up by 1.7%, reaching a new record high after a Federal Reserve rate cut of half a percentage point and optimism about a potential "soft landing" for the U.S. economy. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.69%, with Bitcoin and Ether rising by 5.33% and 6.07%, respectively in the past 24 hours.

Today's top performer is ALT, which surged 17.8% following AltLayer's partnership with Trestle Protocol to launch a modular rollup chain.

AltLayer (ALT), founded in 2021, is a blockchain platform that simplifies the creation and enhancement of Layer 2 rollups, addressing issues such as insufficient validators, slow Ethereum finality, and centralized sequencing. It offers a Rollup-as-a-Service feature for quick, customizable rollup deployments without coding. 

 to launch its rollup chain, utilizing Celestia's infrastructure and Arbitrum's AnyTrust technology. This collaboration highlights the potential of modularity in DeFi, aiming to enhance the ecosystem on Trestle with AltLayer's rollup infrastructure.

Check Out the Latest Prices, Charts, and Data of 

Solana has unveiled its new smartphone, the 

, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders. With a price tag of $450—less than half of its predecessor, the Saga—the Seeker boasts upgraded features, including a premium display, better cameras, and a longer-lasting battery. Geared primarily toward crypto enthusiasts, it includes a built-in Seed Vault for secure storage and a custom software wallet. Each Seeker will also come with a Genesis NFT, offering rewards and exclusive experiences. Solana Mobile plans to refine the product through user feedback before expanding to a broader audience.

Yesterday, the total flow for BTC Spot ETFs was $158.3 million, with all of it coming from non-GBTC sources, as GBTC recorded no flow.

, an AI infrastructure company developing the first open-source Personal Intelligence Network (PIN), has launched its inaugural Galxe Quest campaign, "Introduction to PIN AI." Participants can complete simple tasks such as following on social media and joining Discord or Telegram for a chance at a potential airdrop. The campaign is live until October 2nd. PIN AI recently raised $10 million in pre-seed funding, backed by investors including A16z, Nomad, and Symbolic Capital.

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Solana Unveils Seeker Smartphone with Enhanced Features and Strong Demand

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

Embark on a strategic quest within the world of 

 where mastering daily Morse code puzzles enhances your prowess as a crypto exchange mogul. These challenges not only hone your cognitive skills, but also unlock significant rewards to boost your in-game progress.

, presenting you with a challenge to decipher a Morse code. Successfully solving these puzzles not only bolsters your coin reserves, but also refines your strategic thinking, crucial for excelling within the game’s ecosystem.

Today’s Hamster Kombat Daily Cipher: Sep 20, 2024

 Daily Cipher for Sep 20, 2024, is as follows:

 —•••   —•— —   —•••   ••   —

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

 by trying out the following strategies: 

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today’s Daily Cipher, alongside the diverse interactive activities available in 

 offers ample opportunities to not only boost your coin balance but also deepen your engagement in the game. Each successfully decoded puzzle does more than enhance your financial resources; it also sharpens your mental acuity, enriching every session with both intellectual and monetary gains.

Stay tuned for ongoing updates and expert strategies to maintain your competitive edge in the exciting and ever-evolving world of 

Intermediate

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 20, 2024)

Explore our article to find out what’s the combination for today’s Hamster Kombat’s Daily Combo Cards.

, the compelling tap-to-earn game on Telegram where strategy meets fortune. Today, we present a fresh guide to mastering the Daily Combo challenge, a critical game feature that can significantly boost your coin earnings through thoughtful card selection.

 is a pivotal daily challenge that grants players a chance to win 5 million coins by selecting the right set of three cards from diverse categories including Markets, Legal, PR & Team, Web3 and Specials. This selection is refreshed daily at 12PM UTC, ensuring the gameplay remains intriguing and rewarding.

Today’s Hamster Kombat Daily Combo: Sep 20, 2024

 today, Sep 20, 2024, choose the following cards:

Remember to check out our daily guide at 12PM UTC for the correct combination of cards in order to earn 5 million coins.

Expand your earnings with these additional strategies:

Looking to get your hands on the HMSTR token? Bybit now offers HMSTR via Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

remains a dynamic platform for earning coins through Daily Combos, ongoing missions, passive income opportunities and exciting mini games. The strategic selection of today’s cards — “License Japan,” “Security audition” and “Stacking” — is designed to optimize your returns. As the HMSTR token prepares for launch, engaging early with Bybit Pre-Market Trading can offer substantial strategic benefits.

Stay tuned to this page for continuous updates and expert advice to refine your gameplay and significantly enhance your coin reserves!

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A Guide to Hamster Kombat's Daily Combo Cards (Sep 20, 2024)

Bybit Learn

Crypto

Trading

Crypto Cup 2024 is an event in which participants can earn rewards by predicting football match outcomes and engaging in various trading activities.

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With the European football championships drawing near, excitement is mounting among football fans worldwide. This tournament isn't just a highlight for sports enthusiasts; it also offers a unique opportunity for crypto traders. Bybit's Crypto Cup 2024 merges the thrill of football with the excitement of crypto trading, presenting an engaging platform for users to participate and win substantial rewards. This article will guide you through everything you need to know about Bybit Crypto Cup 2024, from understanding the competition to learning how to join and maximize your chances of winning.

Crypto Cup 2024 is an event organized by Bybit in which participants can earn rewards by predicting football match outcomes and engaging in various trading activities.

 Crypto Cup 2024 will take place from Jun 12, 2024, 10AM UTC through Jul 14, 2024, 7PM UTC. 

In preparation for this big event, Bybit is also holding an exclusive Crypto Cup 2024 Pre-Game event, with fantastic football rewards and a total prize pool of 50,000 USDT in rewards!

 runs from May 29, 2024, 12PM UTC through Jun 14, 2024, 11:59PM UTC.

To participate in the Crypto Cup 2024 Pre-Game event, simply follow these steps:

: Complete Identity Verification Level 1.

: Complete simple deposit and trading tasks. For every task you complete, you’ll receive one Lucky Draw ticket.

The Crypto Cup 2024 Pre-Game event, where participants earn Lucky Draw tickets through various trading actions, concludes on Jun 14. The main event kicks off on Jun 12, 2024, 10AM UTC, and here’s how the main game works:

Crypto Cup 2024 integrates football match predictions with crypto trading, as participants earn Crypto Cup Tickets through eligible trading activities and other specified actions. These tickets are used to vote for participants’ favorite teams at different stages of the European football championships. Correct predictions earn participants Crypto Cup Points, which translate into shares of a substantial prize pool. Additionally, there are opportunities to win exclusive rewards, such as a trip to Austria, through Lucky Draws.

How to Join the Crypto Cup 2024 Competition

Joining the Crypto Cup 2024 competition is straightforward. Before you start, you’ll first need to 

 before continuing with the steps below to join the Crypto Cup 2024 competition.

: Head to the Crypto Cup 2024 event page to begin. Then, click on 

: Complete Identity Verification Level 1 in order to qualify for participation. 

Once you qualify for participation, you can proceed to various activities in order to earn Crypto Cup Tickets. 

There’s no limit to how many tickets you can receive, so complete as many activities as you can and earn more Crypto Cup Tickets! 

After you’ve earned your Crypto Cup Tickets, you can vote for your favorite team(s) at each stage of the European football championships. Each ticket gives you one chance to vote, and every correct prediction gives you one Crypto Cup Point. You can use as many tickets as you wish when voting for your favorite team, so the more tickets you place, the more points you’ll earn if your prediction is correct.

Also, if your predictions are correct, you can earn a share from the 500,000 USDT prize pool!

There are a total of five stages (chart below) during which you can cast your vote for the team(s) you think will advance to the next stage of the competition.

As mentioned, you’ll receive one Crypto Cup Point every time you use a Crypto Cup Ticket to predict the winning team(s) at each stage of the competition.

Here’s how your rewards will be calculated:

 = (Number of Crypto Cup Points you’ve earned/Total number of Crypto Cup Points for each round) × Prize Pool in USDT

For example, Alice gets 10 Crypto Cup Points for correctly predicting the winners of Round of 16. If there are a total of 10,000 Crypto Cup Points for the Round of 16, then Alice would receive 100 USDT, based on the following calculation:

If your prediction is wrong, your tickets will be used up and no rewards will be given.

Each round of the competition also includes a Lucky Draw. Participants can win an exclusive trip to Austria and other prizes. Each round offers a new chance to enter the draw.

Should You Join the Crypto Cup 2024 Competition?

Participating in Crypto Cup 2024 offers numerous benefits. It not only enhances your trading experience by adding a layer of excitement with football predictions, but also provides significant financial rewards. The competition is ideal for those who enjoy both crypto trading and football, offering a unique opportunity to combine these interests. Additionally, the chance to win exclusive prizes, such as trips and a share of the substantial prize pool, makes this event an attractive proposition.

Bybit's Crypto Cup 2024 is an innovative competition that blends the excitement of football with the dynamics of crypto trading. By participating, you can earn substantial rewards and exclusive prizes while enjoying the thrill of predicting football outcomes. Don't miss out on this unique opportunity to engage in an exhilarating event that offers both entertainment and financial gains!

Joining Crypto Cup 2024 is a straightforward process that involves registering, earning tickets through various activities, making predictions and participating in Lucky Draws. Whether you’re a seasoned trader or a football enthusiast — or both — this competition promises a unique and rewarding experience.

Get ready to join the action and make your mark in Bybit Crypto Cup 2024!

How to Join the Crypto Cup 2024 Competition

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards