Here is a step-by-step guide on how to navigate Pre-Market Spot on Bybit Web.
- How to Create a Pre-Market Spot Order
- How to Cancel a Pre-Market Spot Order
- How to View Active and Past Pre-Market Spot Orders
- How to Fulfill a Pre-Market Spot Order
How to Create a Pre-Market Spot Order
Step 1: On Bybit’s website, go to the navigation bar, and click Trade → Pre-Market Spot.
Step 2:
As a Maker
On the Pre-Market Spot page, select the coin you wish to trade, click on Create Order, and select Buy or Sell.
In the pop-up window, enter Price and Order Quantity, and click Confirm. You will see an order page with your order details and fees incurred. Confirm by clicking Buy or Sell to proceed with your pre-market spot order.
As a Taker
You may browse through the list of pending orders under the Buy or Sell tab. Choose the ones that match your trading expectations, and click Sell or Buy to confirm your order. You must take the order in full, i.e., fulfill the price and quantity specified in the Maker’s order entirely. Partial completion is not allowed.
Notes:
- As a seller, you need first to pay a transaction fee and a collateral amount based on the pledge rate. You will receive the payment and collateral in your UTA upon successful delivery. Failure to deliver in full and on time will result in the loss of your entire collateral placed for the corresponding pre-market spot order.
- As a buyer, you will receive the token at settlement time. Otherwise, a percentage of the seller's collateral as compensation on top of recovering your payment amount, if the seller fails to deliver on time. You can see the compensation you can receive on the order confirmation page.
How to Cancel a Pre-Market Spot Order
Please note that only incomplete orders can be canceled. Orders pending delivery cannot be canceled.
To cancel a specific order, go to Active Orders and click Cancel in the corresponding Action column of the order. For bulk canceling, click Cancel All to cancel all active orders.
How to View Active and Past Pre-Market Spot Orders
To view your active orders and past pre-market spot orders, click Order History and use the Coin, Direction, and Status dropdown list to sort and view your past orders, or toggle between Buy, Sell, and Filled to narrow down your search.
Users may also view the settlement time for their respective pre-market spot orders. Sellers should prepare the tokens required in their UTAs before the end of the settlement period to ensure successful delivery.
How to Fulfill a Pre-Market Spot Order
As a buyer, once the order is matched, you only need to wait until the settlement time for token delivery. As a seller, to fulfill a pre-market spot order, you have to prepare the token in your UTA by the settlement time to complete the delivery.
Step 1: Deposit the required tokens to your Bybit account. Check the deposit chain and the address to avoid loss of assets. You may refer to this guide. Alternatively, you may purchase the coins required on the Spot Market once they are listed.
Step 2: Transfer the amount to your UTA within the settlement period to ensure successful delivery.