Bybit

Bybit is a cryptocurrency exchange for trading Bitcoin, Ethereum, and other altcoins. Automate your crypto strategies with TradersPost.

Contact Information

Email: [email protected]

Phone: +1 (284) 494-2423

Supported Asset Classes

  • Crypto

Rehearse a crypto strategy on Bybit testnet, then go live

Bybit is the crypto exchange in this group that has a paper option. That changes how you would roll out a strategy, and there are two account rules to check before you start.

A paper stage that is not just a simulator

TradersPost can point a Bybit connection at Bybit's testnet and treat it as paper. Send the same webhook alerts you plan to use live and see how Bybit itself responds to the orders, before a live subscription exists.

Paper

Bybit testnet
  1. Your account

    Bybit paper connection

    Pointed at Bybit's testnet.

  2. Places the orders

    TradersPost

  3. Strategy subscription

    Your strategy

    Subscribe it to the paper connection.

Live

Live
  1. Your account

    Bybit live connection

  2. Places the orders

    TradersPost

  3. Strategy subscription

    Your strategy

    Subscribe it to the live connection.

Paper and live are separate connections

Set up each one and subscribe the strategy to whichever you want to run.

What Bybit supports

Order types and features by asset class, as TradersPost sends them to Bybit.

What Bybit supports
Capability Crypto Long only
Order types
Market orders Yes
Limit orders Yes
Stop orders No
Stop-limit orders Yes
Trailing stops No
Time in force
Day No
Good till canceled Yes
Immediate or cancel Yes
Fill or kill Yes
At the open No
At the close No
Attached exits
Bracket orders No
OCO orders No
OTO orders No
Trailing stop attached No
Direction and size
Short selling No
Fractional quantity Yes
  • For a crypto stop loss, send a stop-limit order as its own exit.

Bybit: 5 things that work differently

  • Setup Bybit connects with an API key, not a login

    Create the key in Bybit, copy it, and paste it into TradersPost. The steps are above.

  • Orders Exits are separate signals

    Bybit takes simple orders only, so take profit and stop loss cannot be attached to the entry. Send the entry first, then send a separate signal later to exit for take profit or stop loss.

    Order classes (opens in a new tab)
  • Orders No trailing stops

    Bybit does not offer trailing stop orders.

  • Orders Exits close in your default quote currency

    Bybit closes and exits a position in your default quote currency, USDT unless you change it in the connection settings.

  • Orders Prices are sent with two decimals

    Limit and trigger prices go out rounded to two decimal places, so a low priced coin loses precision. Check the price before you automate sub-dollar coins.