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Bybit Web3 – wallet, deposit, trade
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TIMESTAMPS:
0:00 Bybit Web3 tutorial
0:15 Bybit Web3 wallets explained
4:18 Bybit Web3 wallet deposit
5:49 Deposit from other wallet
6:31 Swap crypto
8:54 DeX Pro
12:20 Revoke
13:34 Apex Pro
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date : 2024-10-14 14:00:53
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Summary: Bybit Web3 Tutorial (Create Wallet, Deposit, Trade)
As a Web3 enthusiast, I’m excited to share a comprehensive tutorial on how to use Bybit Web3, a decentralized platform that allows users to create a wallet, deposit assets, and trade on a blockchain.
The tutorial begins with an overview of the different types of wallets available on Bybit Web3, including Cloud Wallet, Keyless Wallet, and External Wallet. The Cloud Wallet is a custodial wallet, where Bybit holds the keys, but users can still access their assets from any device. The Keyless Wallet is a non-custodial wallet that uses encrypted seed phrases and shares to ensure security.
The tutorial then moves on to depositing assets, using the example of receiving ETH on the Arbitrum network. Users can search for the asset, select the network, and receive the deposit address. For existing wallets, users can copy the contract address and paste it into another platform to send the asset.
The tutorial also covers trading on Bybit Web3, using the Spot Market, Swap, and DEX Pro. Users can send assets to the exchange, trade, and then withdraw their balances. The tutorial concludes with an introduction to Bybit’s Apex exchange, a decentralized trading platform that offers derivatives and futures trading with leverage.
Throughout the tutorial, I emphasize the importance of wallet security, user verification, and understanding the fees associated with trading on Bybit Web3. I also provide additional resources for further learning, including a link to the Apex guide and a 5% lifetime fee discount for users who connect their wallet via the provided link.
By the end of this tutorial, users will have a solid understanding of how to get started with Bybit Web3, including creating a wallet, depositing assets, and trading on the platform.
