Have you heard of Bybit, the popular cryptocurrency exchange based in Singapore?
With over 2 million users from 130 countries, it’s no wonder why Bybit has become a go-to platform for buying and trading digital assets.
In this article, we’ll dive into how to purchase GCAKE on Bybit, making it easy for you to get in on the action.
Whether you’re a seasoned trader or new to the crypto world, this guide will walk you through the process step by step. So, let’s get started!
Creating an Account on Bybit
Opening an account on Bybit is a simple 2-step process. All you need to create an account is an email address. Even beginners can easily create an account!
Creating an Account
To create an account on Bybit, visit the official website and enter your email address or phone number in the “Register” section.
Enter a password of your choice and click “Create Account.”
An authentication code will be sent to the email address you entered.
Return to the site and enter the code.
Your account creation is now complete.
Completing KYC (Identity Verification) Level 1
Once you create an account, you can start most trades on Bybit. However, completing KYC (identity verification) makes it more convenient, such as by increasing the withdrawal limit. For frequent trading on Bybit, complete KYC at the time of account creation.
Click the profile icon in the top right corner of the Bybit official website.
A menu bar will appear, click on “Account & Security” at the top.
Click on “Identity Verification,” the fourth item from the top.
Identity verification is divided into several stages, but let’s start with “Lv.1.”
Click “Verify Now” and select your nationality.
Upload documents such as your passport.
Complete facial recognition and KYC Level 1 are done.
Completing KYC (Identity Verification) Level 2
Next, proceed to Level 2. Level 2 requires confirmation of your residence. Therefore, you will need documents issued within the last three months, such as:
- Utility bills
- Bank statements
- A certificate of residence issued by the local government
Submit the documents and wait for Bybit’s review.
How to Buy GCAKE on Bybit
Once your account is set up and verified, it’s time to get started with purchasing GCAKE. One thing to note is that you will likely need USDT to buy GCAKE. USDT is a stablecoin that is pegged to the US dollar and is widely used in the crypto world for trading and transactions.
How to Buy GCAKE on Bybit Step 1: Buy USDT with a Credit Card
Cryptocurrencies can be purchased by using a VISA or Mastercard credit card. However, GCAKE cannot be directly purchased using a credit card. Therefore, you need to first buy USDT and then bridge it to GCAKE.
To buy with a credit card, click on “Buy Crypto” in the top bar of the official website, then click on “One-Click Buy.”
On the right side, where it says “Buy,” select “Bank Card” from the “Payment Transfer” dropdown menu.
Click “Add Card” and enter your credit card information.
After that, enter the amount of cryptocurrency you want to buy.
How to Buy GCAKE on Bybit Step 2: Buy GCAKE with USDT
Now, use the purchased USDT to buy GCAKE.
Click on “Trade” in the top bar and then click on “Spot Trading.”
The spot trading screen will appear.
Click the arrow on the left side to display the menu, then enter “GCAKE.”
Once the GCAKE screen appears, use USDT to buy GCAKE from the “Buy” bar on the right.
