How to work with Bybit exchange on Coinmatics

At the moment Coinmatics supports USDT Perpetual trading. This is a step-by-step guide that will help you connect your Bybit exchange account to Coinmatics.

Add an API Key

1) Open Account tab

Go to Accounts on Coinmatics and click on Add Account

2) Choose Bybit

Choose Bybit exchange on the page.

3) Create a Bybit account

If you already have one, you can skip this step.

If you don’t have an account on Bybit yet, you can create it at this step. A new user can use our referral link while registering a Bybit account.

4) Create an API key

If you have already created a key, you can skip this step.

To be able to create an API key, it’s obligatory to have 2 Factor Authentication (2FA) enabled. To enable, click on the account icon and select Account & Security. There will be the Two-Factor Authentication section and the Google Two Factor. Click on it and follow all the steps.

We have a quick guide on how to create an API key.

In brief, you mouse over the person icon => API. There will be the button “Create New Key”. You choose Connect to Third-party Applications and search for Coinmatics copy trading.

NB: Safely save your secret key during this step, as you can only see it at this step and it will need it later.

This is how your API key permissions should look like:

Spot trading is not obligatory permission. However, we recommend you enable it.

5) Enter Your API Key Details

Enter your API key, secret API, and give a name to your connection.

If you have done everything correctly, you will see the phrase USDT Perpetual colored in green.

If it’s orange, you will have an option to view your portfolio. You’ll need to create and add another key if you want to use it for copy trading.

As soon as you click “Done”, you will be opened the Account page with your Bybit API key in the list.

For traders

We have a step-by-step guide on how to trade on Coinmatics: How to start a trader account on Coinmatics

The steps are the same for all exchanges. However, there is additional info about Bybit for you:

• Only USDT Perpetual trading is supported by Coinmatics and can be copied by investors.

• Hedge mode is supported, the cross margin is NOT.

• Limit, TP/SL, Trailing Stop orders, etc will be copied as market and at the moment they are executed.

• Please check the funds on the Derivative account. Transfer funds to it BEFORE you add your API key.

For investors

We also have a quick guide on how to become an investor and start copying a strategy: How to become an investor on Coinmatics

Please check the funds on the Derivative account. Transfer funds to it BEFORE you add your API key. Otherwise, you’ll have to create a new API key.

Check our guide and don’t hesitate to contact us at [e-mail] if you have any questions.