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    How to Get Started with DCA Trading on Bybit
    bybit2024-10-29 03:52:13
    On the AppOn the Website

    Here's a step-by-step guide to help you go through the whole process — create, modify parameters, terminate, and share your DCA Bot — to make your first DCA trade easier.

     

     



     

    Create a DCA Bot

    Step 1: Please click on Trading Bot on the home page to enter the Bybit Trading Bots page.
     

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    Step 2: Tap on DCA Bot to go to the Create DCA Bot page. 

     

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    If you've previously created Bybit trading bots (Spot Grid Bot and/or DCA Bot), you can view the Total Equity (USD) and Unrealized P&L (USD) at the top of the Bybit Trading Bots page.

     

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    Step 3: Create your DCA Bot with the following parameters:

    a. Currency: Select the coin* you’re investing in

    *Please note that once you select a coin — USDT or USDC — all transactions will be paid in the selected coin.

    b. Select Cryptocurrencies: Select the coin you wish to purchase* and enter the corresponding investment amount

    * You can select up to five coins for a DCA Bot by clicking on Add Crypto. Please note that the selected cryptocurrency parameters cannot be modified once created.

    c. Investment Frequency: Set your preferred investment frequency

    d. Max. investment amount for DCA Bot (Optional): Enter the maximum investment amount* that a DCA Bot will invest

    *Please ensure that the maximum investment amount you enter must be greater than the total investment amount.

    • If the total investment amount triggers the maximum investment amount, the DCA Bot will automatically terminate and all assets will be transferred to your Funding Account.


     

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    Explanation of Other Parameters

    • Total: Total investment amount per purchase

    • Estimated Count: Estimated number of investments = Available balance in the current funding account / total investment amount per purchase

     

    Then, click on Create Now. 

     

    Note: Each fixed investment amount is subject to the minimum and maximum order value per transaction in the Spot market. For more information, please refer to Bybit Spot Trading Rules.

     

    Tip: You can check the available balance in your Funding Account in the Available Balance section. Based on the available balance in your Funding Account, the system calculates an estimated auto-purchase count. If you need to transfer funds to your Funding Account, please click on Transfer.

     

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    Step 4: Please double-check the DCA Bot information you’ve created, and then click on Create Now to start trading.

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    Your DCA Bot has successfully been created!

     

    Please note that your first DCA investment starts when you successfully create a DCA Bot.

     

    After you click on Create Now, the page will automatically redirect to All Trading Bots for you to view your active DCA Bots.

     

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    You can click on Details of the DCA Bot you want to view to explore more information, including P&L (USDT), APR and more.

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    Alternatively, you can view the details of your running DCA Bots — Coin, Investment (USDT), Total Profit (USDT) — under DCA Bot on the Bot Account Assets page. On the Assets page, you can view the Total Equity and Unrealized P&L of your trading bots (Spot Grid Bot and/or DCA Bot).

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    Modify DCA Bot Parameters

    Step 1: Click on View My Bots at the top of the Bybit Trading Bots page. Then, click on Details of the DCA Bot whose parameters you want to modify.


     

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    Step 2: Select Parameters and click on Modify.

     

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    Step 3: You can modify the following parameters according to your preference:

    • Investment Frequency

    • Total Investment Amount

    • Max. investment amount for DCA Bot (optional)

     

    Then, click on Save.

     

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    You have modified the parameters of your DCA Bot!

     

    Notes:

    — The new DCA trading strategy will take effect immediately after the parameters are modified and successfully saved. 

    — The selected cryptocurrencies for each bot cannot be modified. 

     

     

     

     

     

     

     

     

    Terminate a DCA Bot

    Step 1: Please click on View My Bots to enter the Bybit Trading Bots page.

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    Step 2: Click on the Terminate icon in the lower right corner of the DCA Bot column to close. 

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    Step 3: Choose one of the following processing methods. 

     

    Taking USDT as an investment coin, for example:

    • Currently holding coin(s) 

    • Investment Coin — USDT or USDC

    • MNT


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    Note: Exchanges between coins will be based on the market price, and the corresponding Spot fee will be charged. If the direct exchange between the two coins isn’t supported, the holding coins will be converted into USDT first, which may involve two trading fees.

     

     

     

     

     

    Step 4: Click on Confirm.

     

    After successful termination, your funds will automatically be transferred back to your Funding Account.

     

     

     

     

     

     

     

     

    Share a DCA Bot

    Step 1: Please click on View My Bots to enter the Bybit Trading Bots page. Then, click on the Share icon in the lower right corner of the DCA Bot column to share.


     

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    Step 2: Click on any of the supported channels below to share the Bybit Trading Bot page URL with your friends.

     

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    Note: Currently, DCA Bots do not support Copy Trading.

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