Crypto’s world is constantly being used continuously and now bybit change has launched a feature that can prove to be very useful for traders and investors. Now on Bybit you can trade in stocks of big companies of the world using stables like USDT (TETHER) and that too without any cupboard or fiat forex.
Trade now 78 big stocks like Apple, Tesla, Meta
Through this new feature of Bybit, you can now trading in a total of 78 stocks like Apple, Tesla, Amazon, Meta (FB), NVIDIA and Microsoft. All these stocks are available in CFD (Word for too much) format, so that you can earn profits on the fluctuations in the price of the stock, without purchasing those stocks.
What is CFD?
CFD means Word for too much. This means that you do not actually buy stock, but bet on changes (fluctuations) in the price of that stock. If you want, you can bet on stock or even when it falls.
This gives you more flexibility and you can earn good profits even in low capital. Bybit is also offering a leverage of up to 5X on this trading i.e. you can trade as much as 500 USDT from 100 USDT.
Trade with only USDT without a bank
The biggest feature of this feature is that you do not need any bank account. You do not need to change money in USD or INR, straight USDT From you can start trading. This saves your time, money and fiat conversion.
Where is this trade?
This stock trading feature of Bybit is part of its Gold & The Forex Market (MT5) platform. It runs on the Metatrader 5 (MT5) system, which is quite popular among professional traders. The MT5 has different spreads, swap rates and liveres limits for each stock, which you can check before trading.
Trading Time and Swap Rates
Stock trading is available 5 days (24/5) a week. The swap rate ie the charges on that transaction are different for different stocks. For example:
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Airbnb, 3.33 days swap on robinhood
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Boeing, 5 days swap on HSBC
The details of each stock are available in the MT5 platform.
Companies from all over the world, on the same platform
Bybit has included not only American companies, but also Asian companies. For example:
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Companies like Toyota, Baidu, Nio
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Also, popular names like Netflix, JPMORGAN, Visa, Alibaba, Pfizer, Zoom, Coinbase are also included.
From Crypto to Traditional Market, same platform
This step of bybit shows that he only one Crypto exchanges Do not want to keep limited to Now Crypto, Gold, The Forex Market and Shares everything is available on it on the same platform.
This feature is especially beneficial for users who are in crypto but want to enter the traditional market (such as stocks) without bank account.
how to get started?
If you already have a bybit account, just go to the MT5 section and you can start trading from there.
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Keep in USDT wallet
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Setup MT5
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Choose stock of your choice
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And start trading by clicking on switch button
Conclusion
This stock trading feature of Bybit can prove to be a game changer for crypto users. While earlier stocks were required for trading banks, KYC and USD, now you can do it directly from USDT. This change is making trading more easy, fast and crypto-friendly. Keep in mind that there is risk in CFD Buying and Selling, so do your research before investing.
Also read:Close to Bitcoin All Month Prime, know when the break will break
