2024-11-27 21:30:18The Spot Account on Bybit serves as a dedicated account for the seamless management of crypto deposits and withdrawals, offering a secure and streamlined platform for these essential transactions. Additionally, it grants users access to a wide array of financial products within our Spot market, empowering traders with the essential resources to navigate the crypto market confidently and enhance their trading experiences.
Please note that the Spot Account on Bybit is exclusively available under the Standard Account.
Key Features of the Spot Account
- Spot Trading, Margin Trading, and Leveraged Tokens: These features are accessible under the Standard Account. For UTA users, these functionalities are consolidated within a Unified Trading Account.
- Crypto Loans and Lending: These services are conveniently accessible in the Spot Account under the Standard Account.
- ByVotes and Launchpad: Any rewards from ByVotes and the final allocation from Launchpad will be credited to your Spot Account. For Launchpad subscriptions, your assets from the Funding Account will be used.
Spot Account Overview
Please refer to the table below for definitions of the terms on the Bybit website.
|
Term |
Definition | |
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1 |
Turn on/off Margin |
Toggle this button to enable or disable Margin Trading on the Bybit Spot platform. Please note that all repayments must be completed before turning off Margin Trading. |
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2 |
Total Equity |
The total equity shows the sum of all cryptocurrencies and fiat assets held in the Spot Account, denominated in BTC and your selected fiat currency. The system will first convert all assets into USD, and convert again into BTC based on Spot Market price or Index Price (if Spot Price is not available) and your selected fiat currency equivalent based on Yahoo currency rate. |
|
3 |
Net Equity |
Represents the amount of funds in your Spot Account, excluding all liabilities. Net Equity = Total Equity - Total Liability. |
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4 |
Total Liability |
Total Liability = Outstanding Principal + Outstanding Interest. |
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5 |
Today's P&L |
This shows the profit and loss of your Spot Account from 12AM (midnight) UTC of the current day to the current market price.
For more details, you can click on the P&L Analysis to view a more detailed P&L analysis of your Spot Account. The Spot P&L analysis will calculate the data from the previous day and update it daily at 6AM UTC. |
|
6 |
LTV |
LTV (Loan-to-Value) = (Total Liability / Margin Balance) × 100%. Please be aware that when LTV is ≥ 95%, liquidation will be triggered. Please refer to LTV and Liquidation (Spot Margin Trading) for more details on Margin Trading. |
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7 |
Lending |
Click on Lending for quick access to the Lending order page. For more information, please visit here. |
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8 |
Available Balance |
Displays the balance available for withdrawal or trading on our Spot platform. |
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9 |
Amount Frozen |
The assets involved in the active orders within your Spot Account will be locked during Spot Trading. Please note that the current amounts for Crypto Loans collateral and Lending will not be displayed under Amount Frozen. To view your collateral amount, please visit your Crypto Loans Borrowings and Repayments detail page. To see your assets lent out, please navigate to the Lending page. |
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10 |
Outstanding Principal |
Refers to the funds borrowed from Spot Margin Trading that need to be repaid. Please note that it is only accessible when Spot Margin Trading is enabled. |
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Outstanding Interest |
Indicates the total interest amount required for repayment. Please note that it is only accessible when Spot Margin Trading is enabled. | |
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11 |
Convert Small Balances to MNT |
Quickly convert small balances to MNT and access your conversion history. For more information, please refer to How to Convert Small Account Balance to MNT. |
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12 |
Action |
This column offers various actions, including Deposit, Withdraw, Transfer, Trade, Lend, Convert, or Repayment, for one-click execution. |
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13 |
Deposit, Withdraw, Transfer and Convert |
Click on Deposit, Withdraw, Transfer, or Convert to perform the respective action of your choice. Read More How to Submit an On-Chain Withdrawal Request How to Withdraw Assets via Internal Transfer |
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14 |
Repayment |
Easily repay borrowed assets under Spot Margin Trading by clicking this button. |
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15 |
History |
Check the asset history of the Spot Account by clicking the History button. |
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16 |
Orders |
Access your Order History to view detailed Spot and Spot Margin Trading order information by clicking on Orders. |
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