Did you know that you can make a profit of $100 daily and you don’t even need to spend up to $1,000?

Bybit has two features that can enable you to achieve this, namely:

• Spot Grid Bot and 
• Copy Trading

While copy trading simply requires that you click a few buttons, you may need to solve some math to set up the spot grid bot.

Not to worry, I’ll show you how.

Keep reading!

How To Make $100 Daily With Copy Trading And Trading Bot On Bybit

You may watch this video by Jude Umeano to see how to make $100 daily on Bybit.

I have also explained the steps below. Enjoy!

Let’s begin with the grid trading bot…

Spot Grid Bot

Grid trading is a standard trading bot in most cryptocurrency exchanges that enables you to keep trading even when you are offline.

All you need do is to set up the trading parameters and deposit the amount you wish to trade with.

Then the grid trading bot places “Buy” and “Sell” orders for you on autopilot at your chosen intervals.

Consequently, it buys low and sells high within the range you have chosen.

For example, If you want to trade DOT, and the price is currently $6.

You may choose a range of $4 to $8 at an interval of 1.

This means that if the price of DOT falls by $1, the bot will buy, and if it rises by $1, the bot will sell. Thus, securing your profits.

However, if the price of DOT goes below $4 or above $8, you’ll be notified to change your range or set up another bot.

Grid trading is more profitable in a ranging market.

Moving on, I’ll give you a step-by-step on how to set up a grid bot on Bybit.

Tag along!

How Grid Trading is done on Bybit

i. First, you need to create an account, you can do that using my link. Then you download the Bybit app and get verified.

ii. Once your account is ready, go to the homepage and select “Trading Bot”.

iii. Next, you click on “Spot Grid Bot” and then enter the parameters for your trading.

* Remember to select a coin with a ranging market – you can check out the coin’s trading chat in the spot market to confirm.

BTC is a good example of a coin with a ranging market.

* To calculate your interval, divide the percentage difference of your range by 2.

For example, if your range is $18,738 to $20,369, the percentage increase is about 8%.

8 divided by 2 is 4, so, your interval becomes 4.

iv. After inputting the parameters, you’ll see your estimated daily profit. Click on “Create Now”

Note that Bybit charges a 0.1% fee for this service which has already been removed from your estimated profit.

Also, your spot wallet must be funded because that is where your total investment will be deducted from.

If you don’t want to go through the hassle of setting up a Spot Grid Bot, then go for Copy Trading.

More about that in the next section.

Read on!

Copy Trading

Copy trading means automating your trading simply by copying the trades of other traders.

It is a good option if you do not know how to trade, or you’re an experienced trader looking to step away from your screen for a while.

All you need to do is to find a trader with good results and copy him.

Your funds will automatically duplicate his positions in real-time and in direct proportion.

See how it is done on Bybit.👇

How Copy Trading is done on Bybit

As mentioned, you need only a few clicks. Here:

i. Select “Trading Bot” from the homepage

ii. Scroll down to the Leaderboard section and choose a trader.

iii. Next, you enter the amount you wish to trade with and hit “Confirm” and “Create”.

And that’s all, your trades will be completed even when you’re offline and your profits secured.

Via copy trading, you can make $100 daily. Imagine if you copied a trader with a record 6,000% profit with $750.

It means that you will make a profit of 3,000% in 30 days, and that is approximately $100 daily. Cool, right?

Nevertheless, this is not financial advice, remember to do due diligence before copying a trader.

Conclusion

We have now come to the end of our discussion on how to make $100 daily on Bybit, I hope you enjoyed it.

Now, tell me, are you ready to earn daily from Bybit? Click here to sign up.

Perhaps, you have copied trades before, let me know your experience in the comments section.

Do you have any questions? Feel free to drop them off as well.

Also, share this post with your friends before you go, thank you.