The Bybit Unified Trading Account allows you to trade multi-currency, Spot, Spot Margin, USDT and USDC Perpetuals, USDC Options and USDC Futures in a single account. Read on to find out all about its benefits.

Cryptocurrency is a revolutionary asset class that keeps evolving, and exchanges like Bybit continuously seek to provide users with better and more robust solutions. Many users typically manage multiple accounts on a trading platform. As Bybit's product line expands into 

, you might wish to unify your accounts for better trade optimization. With the Bybit Unified Trading Account, you will now be able to manage all your assets and funds in one account.

Bybit's Unified Trading Account is open for all traders and users alike to access better risk management, higher capital efficiency, 

, and enhanced flexibility. Let's take a look at how the Unified Trading Account works.

The Bybit Unified Trading Account (UTA) enables easy and efficient trading by allowing users to consolidate assets and trade multi-currency, Spot, Spot Margin, USDT and USDC 

All assets can be consolidated without transferring assets between accounts for a comprehensive range of trading products and margins using their U.S. dollar-pegged value. This means that traders can now automatically borrow different cryptocurrencies if the overall portfolio value is sufficient. For instance, even if you don't have ETH in the account, you can still settle trades in ETH – ETH liability is automatically generated, and interest is charged, if applicable.

The Unified Trading Account calculates overall risk and assets on a USD basis at an account level. Given distinct liquidity profiles, assets will be converted at different rates into USD. The USD value of your Unified Trading Account is based on the following calculation:

Total Asset Value (in USD) = Number of Assets × USD Index Price × Conversion Ratio

Your profits and losses are netted within your account and margining is determined across assets. That way, losses on a single position will only trigger liquidation if the account maintenance margin has not been met.

Advantages of Bybit Unified Trading Account

Bybit offers a range of advanced trading products, including Spot, Perpetual contracts and USDC Options, often with generous 

. The Unified Trading Account allows you to manage multiple assets across the crypto ecosystem in one portfolio.

Users can access more than 70 assets as collateral, such as USDT, USDC, BTC and ETH. These assets serve as margin collateral calculated on a total account level rather than for each position. The system automatically calculates the available margin based on the prevailing conversion rate.

Traders can transfer all accepted cryptocurrencies into a UTA and trade any currency, as long as the account has sufficient funds overall.

If you lack sufficient margin for trading, the account will trigger 

. Auto-borrowing is put into effect in several scenarios:

If any of these scenarios occurs, the system automatically processes the borrowing of the necessary asset. The borrowed amount is interest-free within a specified range. For example, assume that Trader A has BTC in his account, but no USDT. When Trader A opens a USDT Perpetual contract and generates a trading fee of 10 USDT, the system will auto-borrow 10 USDT and count it as Trader A's liability. If the borrowed amount exceeds the interest-free amount range, interest will be charged on all liabilities, and hourly interest payments will automatically be made.

The Bybit Unified Trading Account promotes the efficient use of assets in the following ways:

Risk management is particularly robust because the margin is calculated at the account level rather than on the position. Trading profits and losses will offset one another, and you can avoid risk amplification because single losses don't necessarily trigger liquidation. Further, you can apply risk management strategies across a diversified portfolio, thereby improving your risk profile. 

The Unified Trading Account also includes 

, which protects your trades by allowing you to hold both long and short positions on the same asset, thereby mitigating potential losses during market fluctuations. Meanwhile, 

 ensures that your account is protected by offsetting profits and losses, thus preventing single losses from triggering liquidation.

UTA offers three specific margin modes tailored for different levels of trading experience, as follows:

Both Isolated Margin and Cross Margin support One-way and Hedge Modes, with the Hedge Mode only applicable to USDT Perpetual contracts. Meanwhile, Portfolio Margin supports only One-way Mode. 

Who Should Use Bybit Unified Trading Account?

The Bybit Unified Trading Account is ideal for all traders, as it provides convenient one-click access to our six core trading products. Moreover, the account's functionalities are simple to use and relatively suitable for all traders, from retail spot traders to institutional traders who prefer a consolidated account.

. You can access the account via the Bybit app, website or API. The UTA comes with the benefits of a 

, offering users access to more trading assets in one account and a simplified method to trade Spot and Derivatives and manage their portfolios on Bybit.

If you’re looking for cross-asset trading and margining of Spot leverage, Perpetual contracts, USDC Options and USDC Futures, The Bybit Unified Trading Account will bring to you all of these functions with simplicity of use. What’s more, you will also get to enjoy higher capital efficiency and full portfolio visibility. So, to enjoy the flexibility and convenience of owning a single account, make sure to upgrade to a consolidated UTA today!

Beginner

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What Is Bybit Unified Trading Account and How Does It Work?

Solana has unveiled its new smartphone, the Solana Seeker, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders.

The SPX index was up by 1.7%, reaching a new record high after a Federal Reserve rate cut of half a percentage point and optimism about a potential "soft landing" for the U.S. economy. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.69%, with Bitcoin and Ether rising by 5.33% and 6.07%, respectively in the past 24 hours.

Today's top performer is ALT, which surged 17.8% following AltLayer's partnership with Trestle Protocol to launch a modular rollup chain.

AltLayer (ALT), founded in 2021, is a blockchain platform that simplifies the creation and enhancement of Layer 2 rollups, addressing issues such as insufficient validators, slow Ethereum finality, and centralized sequencing. It offers a Rollup-as-a-Service feature for quick, customizable rollup deployments without coding. 

 to launch its rollup chain, utilizing Celestia's infrastructure and Arbitrum's AnyTrust technology. This collaboration highlights the potential of modularity in DeFi, aiming to enhance the ecosystem on Trestle with AltLayer's rollup infrastructure.

Check Out the Latest Prices, Charts, and Data of 

Solana has unveiled its new smartphone, the 

, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders. With a price tag of $450—less than half of its predecessor, the Saga—the Seeker boasts upgraded features, including a premium display, better cameras, and a longer-lasting battery. Geared primarily toward crypto enthusiasts, it includes a built-in Seed Vault for secure storage and a custom software wallet. Each Seeker will also come with a Genesis NFT, offering rewards and exclusive experiences. Solana Mobile plans to refine the product through user feedback before expanding to a broader audience.

Yesterday, the total flow for BTC Spot ETFs was $158.3 million, with all of it coming from non-GBTC sources, as GBTC recorded no flow.

, an AI infrastructure company developing the first open-source Personal Intelligence Network (PIN), has launched its inaugural Galxe Quest campaign, "Introduction to PIN AI." Participants can complete simple tasks such as following on social media and joining Discord or Telegram for a chance at a potential airdrop. The campaign is live until October 2nd. PIN AI recently raised $10 million in pre-seed funding, backed by investors including A16z, Nomad, and Symbolic Capital.

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Solana Unveils Seeker Smartphone with Enhanced Features and Strong Demand

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

Embark on a strategic quest within the world of 

 where mastering daily Morse code puzzles enhances your prowess as a crypto exchange mogul. These challenges not only hone your cognitive skills, but also unlock significant rewards to boost your in-game progress.

, presenting you with a challenge to decipher a Morse code. Successfully solving these puzzles not only bolsters your coin reserves, but also refines your strategic thinking, crucial for excelling within the game’s ecosystem.

Today’s Hamster Kombat Daily Cipher: Sep 20, 2024

 Daily Cipher for Sep 20, 2024, is as follows:

 —•••   —•— —   —•••   ••   —

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

 by trying out the following strategies: 

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today’s Daily Cipher, alongside the diverse interactive activities available in 

 offers ample opportunities to not only boost your coin balance but also deepen your engagement in the game. Each successfully decoded puzzle does more than enhance your financial resources; it also sharpens your mental acuity, enriching every session with both intellectual and monetary gains.

Stay tuned for ongoing updates and expert strategies to maintain your competitive edge in the exciting and ever-evolving world of 

Intermediate

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 20, 2024)

Explore our article to find out what’s the combination for today’s Hamster Kombat’s Daily Combo Cards.

, the compelling tap-to-earn game on Telegram where strategy meets fortune. Today, we present a fresh guide to mastering the Daily Combo challenge, a critical game feature that can significantly boost your coin earnings through thoughtful card selection.

 is a pivotal daily challenge that grants players a chance to win 5 million coins by selecting the right set of three cards from diverse categories including Markets, Legal, PR & Team, Web3 and Specials. This selection is refreshed daily at 12PM UTC, ensuring the gameplay remains intriguing and rewarding.

Today’s Hamster Kombat Daily Combo: Sep 20, 2024

 today, Sep 20, 2024, choose the following cards:

Remember to check out our daily guide at 12PM UTC for the correct combination of cards in order to earn 5 million coins.

Expand your earnings with these additional strategies:

Looking to get your hands on the HMSTR token? Bybit now offers HMSTR via Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

remains a dynamic platform for earning coins through Daily Combos, ongoing missions, passive income opportunities and exciting mini games. The strategic selection of today’s cards — “License Japan,” “Security audition” and “Stacking” — is designed to optimize your returns. As the HMSTR token prepares for launch, engaging early with Bybit Pre-Market Trading can offer substantial strategic benefits.

Stay tuned to this page for continuous updates and expert advice to refine your gameplay and significantly enhance your coin reserves!

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A Guide to Hamster Kombat's Daily Combo Cards (Sep 20, 2024)

Bybit Learn

Trading

Bybit Trading Bot

Can you trade with ChatGPT? We dive right the strategies and find out if it's worth trading with an AI bot. 

AUG23_R17_Evergreen_Educational_How_Reliable_Is_a_ChatGPT_Trading_Strategy_.png

Trading is a dynamic and complex activity that requires skill, knowledge and experience. With the rise of the internet and sophisticated technology, trading has become extremely competitive. Many traders rely on algorithmic trading and 

 to improve performance and gain an edge. These systems use mathematical rules, data analysis and machine learning to generate and execute trading signals. They help traders reduce errors, save time, optimize profits and diversify portfolios. 

Unique selling points of AI trading include faster and more accurate data processing, quick adaptation to market changes and the ability to learn from mistakes. However, not all AI trading systems are equally reliable and profitable. One of the newest and most innovative AI systems is ChatGPT, a 

 (NLP) model that generates trading strategies based on conversation prompts. But how trustworthy is a ChatGPT trading strategy? 

This guide will answer this question and help you decide if trading with ChatGPT is right for you.

AI trading is a form of automated trading that uses 

 (AI) to analyze data, generate trading signals and execute trades. AI trading systems can make trading decisions at a speed and frequency beyond human capabilities. By processing vast amounts of data, AI identifies and executes trades efficiently and without the emotional biases that often affect human trading.

 is a type of AI trading that may use predefined mathematical rules and formulas based on factors such as technical indicators, price patterns and market trends. It’s also referred to as rule-based or black-box trading. 

, which incorporates self-learning algorithms that can analyze data, identify patterns and make predictions without explicit programming. This type of trading is also known as data-driven or white-box trading.

A ChatGPT trading strategy is an automated trading strategy generated with the help of ChatGPT. While ChatGPT cannot execute trades on its own, it can generate ideas, analyze and 

 data and help you tweak trading strategies.

ChatGPT is an AI chatbot that uses NLP to create responses to conversational prompts. It was created by 

, an organization focused on researching and developing artificial intelligence. Initially built on ChatGPT-3, the model has now progressed to ChatGPT-4, considered one of the most advanced NLP models available. ChatGPT-4 access requires a ChatGPT Plus subscription.

This versatile tool can generate stories and create code. Developing trading strategies is a particularly intriguing application of ChatGPT. By considering a trader's goals, preferences and risk tolerance, as well as market conditions, ChatGPT can generate customized strategies.

ChatGPT is not an execution platform or broker, and cannot submit live trades. Although ChatGPT can’t trade on your behalf, it can provide guidance on how to trade and improve your decision-making skills. It’s not a complete AI trading bot that can automatically execute trades through your broker account. Instead, it functions as a virtual assistant that suggests trading ideas based on your input.

To use ChatGPT for trading, you’ll also need other tools to implement the trading strategies it generates. These tools include access to a trading platform, such as Bybit. You’ll also need a data provider that gives historical and real-time market data. You can use 

 or online databases to obtain the necessary data.

You’ll also need a code interpreter that enables you to run the code generated by ChatGPT. Online tools like 

 can be used to run the code in your browser, 

 can be used as backtesting tools to evaluate the performance of the trading strategies suggested by ChatGPT using historical data.

Lastly, you can use risk management tools such as 

 to track your performance and manage your risk by controlling exposure and protecting your capital.

Although often used interchangeably, AI trading and algorithmic trading aren’t the same. Algorithmic trading usually involves using predefined mathematical rules and formulas to generate and execute trading signals, while AI trading is a broader term that also encompasses machine learning, a form of artificial intelligence (AI) that adapts systems to analyze data, detect patterns and make predictions without the need for explicit programming. 

The main difference between AI trading and algorithmic trading is that AI trading can learn from data and improve over time, while algorithmic trading follows fixed rules unless it’s manually updated. Additionally, AI trading can handle more complex and dynamic situations, such as changing market conditions and unforeseen events.

However, AI trading may be more challenging to understand, explain and trust than algorithmic trading. It can also be more prone to errors, biases and 

, and requires more data, computing power and maintenance.

How to Use ChatGPT to Create a Crypto Day Trading Strategy

Generating a crypto day-trading strategy involves gathering data, analyzing it, formulating your strategy and backtesting before trading live. You can use ChatGPT to help create a momentum trading strategy. 

To come up with the strategy, try the following prompts.

Ask ChatGPT to generate a list of successful momentum day trading strategies. The provided list includes indicators that may be used to generate a momentum strategy, including 

After gathering price data,you’ll upload it to the code interpreter on ChatGPT-4. You can then ask ChatGPT to create a momentum day-trading crypto strategy, based on the 

 of 1:3, where the final returns are at least 20%. Then, you can provide a sample strategy or try to iterate with the AI to determine a new strategy. ChatGPT will automatically backtest the strategy and provide results.

 is a pillar of any trading strategy. ChatGPT can suggest 

ChatGPT can also produce code to help implement the trading strategy on your preferred platform. However, it may not include all the code required for an automated trading bot, like error handling and order tracking. You’ll have to test and adjust the code before using it in a live trading environment. 

. You can ask for more help to improve the trading strategy and repeat the previous steps.

The effectiveness of a ChatGPT trading strategy depends on various factors, including the quality and quantity of data used for its training, as well as the clarity and specificity of the prompts used to communicate with it. Additional crucial factors to consider are the validity and robustness of the code generated by ChatGPT, and the performance and consistency of the trading strategy it generates. 

As a result, it’s difficult to definitively determine whether a ChatGPT trading strategy is reliable or not. Its effectiveness may vary depending on market conditions, trading plans and strategies, the cryptocurrency being traded and other factors. 

To assess the reliability of a ChatGPT trading strategy, it’s best to thoroughly test it with historical and real-time data using various tools and platforms. Furthermore, it’s always important to 

 and analysis before investing in any trading strategy, whether it’s generated by ChatGPT or not.

Exploring AI trading and generating trading strategies with ChatGPT can be an exciting and enjoyable experience. However, it's essential to remember that potential risks and challenges are involved. To use ChatGPT's suggestions and code effectively, you'll need access to various tools and platforms. You should also have some basic understanding of programming, data analysis, technical indicators and trading concepts.

It's important to recognize that ChatGPT's suggestions and code do have uncertainties and limitations. While helpful, they may not always be accurate, reliable or profitable. Ultimately, you are responsible for your own trading decisions and actions. ChatGPT cannot be held liable for any losses or damages resulting from using its suggestions or code.

Whether or not you decide to trade with ChatGPT depends upon market conditions and upon you. Consider your skills, knowledge, experience and resources before making a decision. When used wisely and cautiously, ChatGPT-assisted trading can be a rewarding experience. However, if used mindlessly or recklessly, it can also be a risky endeavor.

ChatGPT is a helpful tool that uses natural language processing to generate customized trading strategies based upon your own preferences, goals and risk tolerance, and upon current market conditions. It provides ready-made code that you can use with different platforms and tools, saving you time and effort. Furthermore, ChatGPT can inspire creativity by presenting various possibilities and scenarios for your consideration.

However, ChatGPT isn’t a magical solution that can guarantee you trading success, and it’s not a fully automated AI trading bot that can trade on your behalf. Instead, it acts as a virtual assistant, offering suggestions and code for you to implement and test independently. ChatGPT may not always generate profitable or reliable strategies, understand your prompts or respond to your queries in the best way possible. Therefore, make sure to use caution and discretion if you decide to use ChatGPT for trading. 

 This content is purely for educational purposes only. This is not an endorsement of Bybit products or services. The strategies discussed in this article are not intended to be financial advise. Users should consult professional financial advisors before making any financial decisions. 

How Reliable Is a ChatGPT Trading Strategy?

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