FYBIT is a service that provides traders with an opportunity to trade using leverage in the isolated margin mode. Using leverage allows the trader to directly increase the trading result in proportion to the price change.

Users can make a profit regardless of whether the prices of cryptocurrencies rise or fall. Traders wishing to profit from the rise in prices can open UP positions. Conversely, traders who believe that the price will fall can open DOWN positions.

If you opened a UP position with 50x leverage and, for example, the price increased by 2%, then your potential profit will be 100% (50x * 2%). Also, if you opened a DOWN position with 25x leverage, and, for example, the price fell by 4%, then your potential profit will be 100% (25x * 4%).

If you opened a UP position with 50x leverage and, for example, the price fell by 1%, then your potential loss will be 50% (50x * 1%) Also if you opened a DOWN position with 25x leverage, and, for example, the price increased by 3%, then your potential loss will be 75% (25x * 3%)

Deposit is a replenishment of your wallet on the FYBIT platform. FYBIT only accepts Bitcoin, Ethereum (ERC-20) and USDT (ERC-20). The deposit in Bitcoins is credited after 1 confirmation on the network. Deposits in Ethereum and USDT are credited after 6 confirmations on the network. Usually, this takes from 5 to 30 minutes, depending on the speed at which blocks appear in the network. FYBIT deposit addresses are unchangeable cold wallet addresses with multiple signatures. They do not change regardless of the device you use. There is no minimum deposit amount on the FYBIT trading platform.

Withdrawals are possible in Bitcoin, Ethereum (ERC-20) and USDT (ERC-20). Bitcoin withdrawals occur only on the Bitcoin (BTC) network. Withdrawal of Ethereum (ETH) and USDT occurs only on the Ethereum network (ERC-20). Usually withdrawal occurs within 5-10 minutes, but in some cases, withdrawal can take up to 24 hours. The vast majority of system funds are stored in offline, cold wallets. We process the withdrawal of funds manually from cold wallets. Therefore, withdrawals may be delayed, but this delay won't exceed a maximum of one day. Withdrawal is possible only in the same cryptocurrency and on the same network in which the deposit was made.

On the FYBIT trading platform, you can open opposite direction positions, UP and DOWN. The opposite direction positions won’t depend on each other. It also allows for effective lock strategies. If the positions are open in one direction, they will be merged into one, so you can have only 1 UP and 1 DOWN position for every asset.

When using your balance in one cryptocurrency, all same direction positions in one asset will be merged into one. Leverage and order amount do not matter. Your position will be averaged. But if you open a new position using the balance of another cryptocurrency, the new position will not be merged with the already opened position.

The amount of funds directly involved in the trade is used to support the position. When the amount of the initial margin is spent, the position is closed by the Loss Cut, and the funds not used in the position cannot be used to cover the loss. In other words, the maximum losses in the isolated margin mode are equal to the amount of funds in the position.

When the average price of a position reaches the liquidation price, the corresponding position will be sold at the market price by the automatic selling system. Loss cut price is set automatically when opening a position. When the loss cut is triggered, your available balance will not be used to maintain your position, and the loss is capped within the range of the amount in the position. You can limit your losses so that your available balance will not be used in the position.

When the profit of the position's average price reaches 100%, the corresponding position will be sold at the market price by the automatic selling system. The profit auto-sell function can be turned ON/ OFF on the right section of the table of positions. Choose between 100%, 200% and 300%.

On the FYBIT trading platform SELL orders are used only to close a position. If you want to close the position at the market price, click the SELL Market button in the trading terminal. If you want to close a position at a specific price, click the SELL Limit button in the trading terminal and enter the desired price. SELL Limit orders can function as a take profit function.

Stop Loss is a limit order that serves to limit possible losses when the price reaches a given value. The stop loss function is especially useful if you want to limit your loss in an open position. You can set the stop-loss price both when opening a position, and in an already existing position.

If you add a new same-directional order to your existing position, regardless of its volume and leverage, the loss cut value will change, because the average price of the position will change. The smaller the leverage, the further the loss cut will be from the average price of the position.

An open position has a validity period of up to 120 hours. Positions that you don't sell at the end of their validity period will be automatically sold at the market price. Automatic sales occur during the last hour of the period, between the 119th and 120th hours.

If you add a new same-directional order to your existing position, 120 hours will be extended from the last order added, regardless of its volume and leverage. Also, keep in mind that when adding a new order, the average of your entry prices and leverages will be calculated, and, accordingly, the liquidation price will also be changed.

Note that the maximum validity period for an open position cannot exceed 240 hours. Automatic sales occur during the last hour of the period, between the 239th and 240th hours.

The FYBIT Index is based on weighted average price quotes taken from the HTX, Coinbase, Bitstamp, Bitfinex, and Binance exchanges. The calculation of the index does not take into account the maximum and minimum quotes from the list of price sources. The FYBIT index value is only formed from the weighted average quotes of the remaining exchanges.

For example, on the exchanges at a given moment, the price of an asset is as follows:
$ 1000 (HTX),
$ 1010 (Coinbase),
$ 1020 (Bitstamp),
$ 1030 (Binance),
$ 1040 (Bitfinex).

In this case, the FYBIT index will be calculated based on the weighted average price quotes provided by the following exchanges: Coinbase ($ 1010), Bitstamp ($ 1020), and Binance ($ 1030). The minimum and maximum price quotes taken from HTX ($ 1000) and Bitfinex ($ 1040) will not be included in the index calculation.

If some of these exchanges suspend their services or are unable to provide price quotes due to any technical problem, the FYBIT will immediately apply the Index based on the calculation of the weighted average price of the remaining active exchanges from the list above.
In addition, the FYBIT may change any of the sources of price quotes at its discretion upon prior notice of such changes.

To maintain stable and safe operations, FYBIT performs regular system maintenance. Usually, maintenance takes place without interruption of platform services.
In some cases, we are forced to suspend all functions of our platform or selected services. In this case, we inform all users through the website and in our social networks no later than 10 days before the start of the maintenance.
Immediately after the end of the system maintenance, we announce it on the website and on our social networks.