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Bybit Lite is a simplified mode in the Bybit App mobile application that’s designed for beginners and traders requiring quick access to basic trading functions. Using Bybit Lite, you can take advantage of the Convert function, which lets you instantly swap one crypto asset for another with zero trading fees. The Lite mode makes it even simpler than the more advanced Pro mode to utilize Convert, making quick coin swaps a breeze.
Key Takeaways:
Bybit Lite’s Convert service lets you directly swap cryptocurrencies with zero trading fees and instant execution via your Funding Account or Unified Trading Account (UTA).
This coin conversion service is suitable both for beginners and more experienced traders who would like quick access to fee-free swaps.
To take advantage of the Convert service, first download and install the Bybit App mobile application from App Store, Google Play or via the direct link. After installing, register your Bybit account and verify your identity to access all of the services and products.
Step 1: Once you’ve registered your account and completed the Identity Verification procedure, open the Bybit App and ensure that you’re using the Lite mode by tapping on Lite at the top of the screen.
Step 2: Tap on Assets in the bottom-right corner, and choose the account you’d like to use to convert your crypto: Funding Account or Unified Trading Account (UTA).
Step 3: In your selected account page, tap on Convert to access the service.
Step 4: The Convert screen will appear. Select your coin to sell, the coin to buy and the amount. If you’d like to convert all the funds in the account (up to an allowed limit), tap on Max in the amount field. After specifying these details, tap on Quote, review your order details and click on Confirm to convert the funds instantly.
The Convert function in Lite is perfect for beginners, and even for experienced traders who’d like to quickly carry out basic swap operations. This service is available through a straightforward and intuitive interface, with no complex charts, trading pairs or other tools to navigate. Using your Funding Account or UTA, you can take advantage of the fee-free Convert service to instantly complete swaps.
The Lite mode in Bybit App is specifically designed for beginning traders and those requiring quick access to basic functions. Compared to the Pro mode, fewer steps are needed to complete operations. For the Convert function, the key difference between the two modes lies in the order types available for swaps. Lite lets you use direct instant swaps between two assets, while Pro also offers limit orders in addition to the direct instant swaps.
Thanks to the Convert service in Bybit Lite, you can carry out instant swaps between two crypto assets, with zero trading fees. The simplicity, zero fees and instant execution make Convert via Lite an ideal choice for users who want to carry out direct coin swaps quickly and efficiently.
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