Liquidity is the ability to buy or sell an asset quickly, without causing significant price fluctuations. Learn more here.

Liquidity is the lifeblood of efficient crypto trading. It determines how quickly and smoothly assets can be bought or sold at stable prices. And yet, many traders tend to overlook liquidity’s role in reducing 

, tightening spreads and improving execution speed — all of which directly impact profitability.

Bybit has made significant strides in improving liquidity across its trading pairs, ensuring that traders benefit from faster execution, better pricing and minimal market impact across markets. This article will explore what liquidity is, why it matters, how to measure it — and why Bybit offers one of the most liquid trading environments in the industry.

Liquidity is the ability to buy or sell an asset quickly, without causing significant price fluctuations. In crypto trading, liquidity is determined by trading volume, order book depth and market participation. A highly liquid market ensures tighter spreads, faster order execution and reduced slippage, providing a more stable and efficient trading experience.

. When many buyers and sellers actively place orders, transactions occur swiftly and price movements remain stable. Conversely, a lack of liquidity can lead to price gaps, delays and higher trading costs.

A deep order book is key to strong liquidity, with large quantities of buy and sell orders spread across multiple price levels. This means that when a trader places a large order, it’s absorbed by the existing orders, without drastically moving the market price. In contrast, an illiquid market has fewer participants and a shallower order book, so that a single order for an asset could drastically shift its price. This leads to greater price volatility and higher execution costs.

 play a crucial role in maintaining liquidity by continually placing buy and sell orders. By providing a steady flow of orders, they help stabilize prices and narrow the 

, ensuring smoother trading conditions for all participants.

In crypto trading, liquidity also varies between 

 Spot liquidity is reflected in lower spreads, meaning traders can buy or sell assets at more competitive prices. In contrast, lower slippage is the key measure in other types of trading.

Liquidity has an impact on every aspect of trading, from execution speed to profitability. The following considerations make liquidity a key factor for traders.

A tighter bid-ask spread ensures traders 

 at fairer prices. This is especially beneficial for 

 who rely on small price movements for profits.

Minimal slippage and better price stability

Liquidity determines the degree to which an order affects price levels. In a highly liquid market, a $100,000 trade might move an asset’s price by only a fraction of a percent, while in an illiquid market, the same trade could cause a sharp price swing.

Liquidity allows traders to execute orders almost instantly at the expected price. In contrast, low-liquidity conditions may mean that, due to market fluctuations, orders will take longer to fill, or may execute at unfavorable prices.

During sudden price movements, a deep order book absorbs large trades, preventing extreme spikes or crashes. This is crucial for maintaining price stability in volatile markets: traders can execute strategies with greater confidence, knowing that price fluctuations will be more controlled.

How to identify and measure liquidity in crypto trading

While many traders assume liquidity is measured simply by trading volume, a deeper analysis is required to assess true liquidity conditions. The following section explains how traders can evaluate liquidity effectively.

A deeper order book means that multiple buy and sell orders exist across different price levels, supporting efficient trade execution with minimal price movement This is a strong indicator of liquidity, since it reflects a market’s ability to handle both small and large orders without sudden price fluctuations. 

 pair on Bybit has consistently shown strong order book depth, with the top three bid and ask levels holding significantly higher quantities as compared to other platforms. This enables smoother execution for all traders, from retail investors to institutions. 

A true test of liquidity is the degree to which the market price moves when executing a large order. In a highly liquid market, trades are absorbed across multiple levels, ensuring minimal slippage and price disruption. 

Traders can simulate a large market order by entering a significant trade volume and observing how much the price shifts before execution. A market order that significantly changes the last traded price suggests lower liquidity and potential inefficiencies in trade execution. 

For example, in order to move an asset’s price from $1,877.64 to $1877.66 on Bybit, you’ll need to buy 57.02856 + 168.67890 + 26.21569. Likewise, in order to move the price from $1,877.63 to $1,877.60, you’ll need to sell 114.28408 + 16.35036 + 17.30490.

Order absorption measures how well a market handles large trades without causing price spikes or slippage. A highly liquid market has deeper buy and sell walls, allowing it to process large transactions smoothly.

Here’s an example: For Bybit’s ETH/USDT pair, large trades require consuming multiple price levels before affecting the last traded price. This ensures stability even during high trading volumes. A trader purchasing 30 ETH only absorbs Level 1 and Level 2 sell orders, whereas on lower-liquidity platforms, multiple levels would be affected, increasing price volatility.

This high order absorption capacity is vital for traders executing large transactions, ensuring consistent execution quality across all market conditions.

The bid-ask spread represents the difference between the highest bid price (what buyers are willing to pay) and the lowest ask price (what sellers are willing to accept). A narrower spread indicates stronger liquidity, because it means there are many active buyers and sellers competing for the best prices. Conversely, a wider spread suggests a more illiquid market, leading to higher trading costs and greater price fluctuations.

The first consideration is to compare the order book depths between different exchanges. Exchanges with higher quantities at each price level (for both bid and ask) suggest higher liquidity.

Step 1: Identify the initial market price

Step 2: Simulate a market order (without executing it)

Step 3: Calculate the final execution price

Step 5: Compare the market impact between exchanges

Bybit’s approach to liquidity: Building the best trading experience

Bybit has implemented advanced liquidity solutions to ensure traders experience tight spreads, fast execution and minimal slippage.

One of Bybit’s most significant advancements is its Retail Price Improvement (

) Order, a first-of-its-kind feature designed to enhance liquidity specifically for retail traders. Unlike traditional market-making models, which oftentimes prioritize institutional orders, RPI orders provide retail traders with access to deeper liquidity pools, ensuring better prices and deeper order book support.

Bybit has also strengthened its liquidity infrastructure through strategic partnerships with institutional liquidity providers. These collaborations increase market depth, reduce slippage and improve overall trading efficiency across spot markets.

The impact of Bybit’s liquidity innovations

Following the introduction of RPI orders and enhanced market-making strategies, Bybit has seen substantial improvements in liquidity across key trading pairs. The results are clear:

Bybit’s liquidity enhancements have created a more efficient and stable trading environment, benefiting both retail and institutional traders.

For retail traders, Bybit’s liquidity improvements mean faster order execution, lower trading costs and better pricing. By ensuring better liquidity conditions, Bybit makes it possible for traders to execute their strategies with greater confidence and efficiency.

For high-volume and institutional traders, deeper liquidity pools ensure that large orders can be executed without significantly moving the market price. This is crucial for traders managing large portfolios or executing algorithmic trading strategies.

Bybit’s liquidity solutions also enhance overall market efficiency, improving execution quality across all trading pairs.

Liquidity is the backbone of efficient crypto trading, shaping everything from execution speed to price stability. Bybit has consistently demonstrated its commitment to providing a highly liquid market through innovations like RPI orders, deep order book depth and strategic partnerships with institutional liquidity providers.

Whether you’re a retail trader seeking tighter spreads and faster execution or an institutional trader executing large orders with minimal price impact, Bybit will offer you a best-in-class trading experience. 

If you value fast execution, minimal slippage and a robust liquidity environment, Bybit is the exchange of choice.

Intermediate

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Liquidity in crypto trading: Why it matters and how to spot the best conditions

Bitcoin's Price Officially Breaks $100,000: 4 Key Drivers Behind the Milestone

 has officially crossed the $100,000 mark, setting new all-time highs. Once dismissed by many as a scam or speculative experiment, Bitcoin has grown to become one of the top 20 most valuable assets globally, with a total market cap nearing $2 trillion. Over the past decade, Bitcoin has undergone one of the most significant perception shifts in financial history, with mass media and institutions reversing their skepticism and embracing its potential. The $100K milestone represents more than just a price point—it’s the result of years of increasing mainstream acceptance. Institutional investors are integrating Bitcoin into their portfolios, Bitcoin ETFs are breaking records, favorable global economic trends are driving demand, and political shifts are creating a more supportive environment. Let’s take a closer look at the key factors behind Bitcoin’s rise to over $100,000.

US Bitcoin ETFs: Validation For Traditional Investors

On January 10th, the SEC granted regulatory approval for 11 U.S. Bitcoin exchange-traded funds (ETFs). While European-listed exchange-traded notes (ETNs) had been available for years, the approval and launch of U.S.-based Bitcoin ETFs marked a pivotal moment for Bitcoin. This milestone not only eliminated significant barriers to entry for traditional investors but also reshaped public perception of Bitcoin as a legitimate and regulated financial asset. Here are some highlights.

Macroeconomic Factors: Bitcoin as a Hedge

Global economic conditions have increasingly positioned Bitcoin as an alternative investment for investors looking to protect and grow their wealth. Traditional investment options like bonds and savings accounts have become less attractive due to a combination of low interest rates, rising inflation, and negative real yields in several major economies. These shifts have driven both retail and institutional investors to view Bitcoin as a hedge against economic instability and a store of value, often referred to as digital gold.

Political Support: A Crypto-Friendly Climate

The political and regulatory climate is increasingly tilting in favor of cryptocurrencies, providing strong momentum for Bitcoin's growth. Governments and policymakers worldwide are recognizing the potential of blockchain technology and digital assets, shifting from skepticism to proactive engagement. These political tailwinds, coupled with regulatory advancements, are fostering a more secure and predictable environment for Bitcoin, boosting investor confidence.

Continued Institutional Adoption: Bitcoin Goes Mainstream

Institutional investors and corporations are driving Bitcoin’s transformation from a niche digital asset to a widely accepted investment and financial tool. Seen as a hedge against inflation, a store of value, and an alternative to traditional financial instruments, Bitcoin’s appeal has surged among major players in the financial world. This growing adoption is a key factor in Bitcoin’s price reaching new highs, underpinned by its integration into treasury strategies, investment portfolios, and payment systems.

Conclusion: Your Opportunity to Join the Bitcoin Momentum

As Bitcoin soars past the $100,000 pricepoint and sets the stage for further growth, there’s no better time to take your trading to the next level. Bybit (powered by SATOS) invites Dutch traders to participate in our 

, where you can can win an VIP trial to enjoy 

This exclusive event is your chance to experience Bybit’s industry-leading VIP Program while capitalizing on Bitcoin’s historic rise. Don’t miss out—

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Bitcoin Officially Breaks $100,000: 4 Key Drivers Behind the Milestone

Ondo Finance has launched a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security.

The S&P 500 rose 0.57% to a record high, driven by investor focus on upcoming inflation data, despite concerns over new tariff threats and the Federal Reserve's cautious stance on rate cuts.  Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.60%, with Bitcoin and Ether dropping by 4.08% and 3.27%, respectively in the past 24 hours.

Today's top performer is FTM, which surged 9.9% following Sonic Labs' partnership with OctavFi for advanced on-chain financial management.

Sonic Labs (FTM), founded in 2018, formerly known as Fantom Foundation, supports the development of Sonic, a new layer-1 blockchain designed for fast, efficient transactions and secure connectivity to Ethereum. It focuses on creating decentralized applications and managing governance for the Sonic ecosystem, which is set to launch later in the year. 

 to bring institutional-level financial management, advanced on-chain treasury management, and financial reporting to its protocols.

Check Out the Latest Prices, Charts, and Data of 

 a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security. This solution enables seamless transfers of USDY, Ondo’s yield-bearing tokenized US Treasuries, across Ethereum, Arbitrum, and Mantle. The bridging architecture incorporates trusted bridge providers like PolyhedraZK and Axelar, along with Ondo’s own DVN, ensuring secure and decentralized transaction validation. The integration is available now via Ondo’s frontend and Stargate Finance, with support for additional chains planned.

Yesterday, BTC spot ETF flows recorded a total outflow of $122.8M, including $36.1M from GBTC and $86.7M from non-GBTC funds.

Check Out the Latest Prices, Charts, and Data of  

, requiring wallet and social handle registration by Dec 2, 2024, 2 PM UTC. Eligibility criteria include completing 3 transactions across 2 apps on Movement's testnets and finishing Road to Parthenon quests. After TGE, users can claim MOVE tokens on Ethereum Mainnet or Movement Mainnet, with the latter offering a 1.25x multiplier. More airdrop seasons will follow post-mainnet launch.

Beginner

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Ondo Launches Institutional-Grade Bridging for Tokenized RWAs with LayerZero Security

How to Use the Bybit Card to Earn 15% Cashback on Top of All Black Friday Deals

Originally an American tradition, Black Friday has evolved into a global shopping event and is now a significant date in the Dutch retail calendar. In the Netherlands, Black Friday has grown in popularity, with major retailers like Bol.com, Coolblue, MediaMarkt, and Bijenkorf offering deals across a wide range of products.

As a nation known for valuing savings, Black Friday provides an excellent opportunity to stack discounts and maximize value. Bybit's Black Friday Card Promotion adds an extra layer of savings with 

 on both online and offline purchases. Explore how the Bybit Card works, along with practical examples of savings during Black Friday shopping, to make the most of this year’s event.

How Can You Take Part in This Black Friday Promotion?

Joining the Bybit Black Friday Promotion is simple! Follow these steps to start earning 

 ontop of all your Black Friday deals Weekend:

Practical Examples of Savings With Bybit Card

Simply input your Bybit Card details at checkout or use instant payment methods like 

 to complete your online purchases seamlessly. Cashback is automatically applied to your account, making savings effortless.

For offline purchases, use your Bybit Card as a physical card or digitally through 

. As long as the store accepts PIN payments, you’ll earn cashback rewards instantly.

After the Black Friday promotion ends, the Bybit Card reverts to its 

 offer, allowing you to save on all your purchases through the rest of the year. Whether you’re buying Sinterklaas gifts, stocking up for Christmas, or grabbing post-holiday deals, the savings keep rolling in.

The Bybit Card is your ticket to maximizing savings on the biggest shopping day of the year. From tech to festive essentials, every purchase becomes more rewarding.

Learn more about the Bybit Card Black Friday Promotion 

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How Can You Use the Bybit Card to Earn 15% Cashback on Top of All Black Friday Deals?

Crypto

Bybit Card

Yes, you can buy crypto with a debit card. But how and where can you buy crypto with debit card? And is it safe? This article answers all your questions.

Bybit_Card_1600x900.png

 and other cryptocurrencies was hectic and complicated. Not only were there limited crypto vendors, but information about crypto was also scanty and skewed.

However, the industry continues to grow tremendously, and you can now buy crypto with numerous payment options, including using 

In this article, we’ll explore how to buy crypto with a debit card, including the pros and cons. We also have a step-by-step guide on buying Bitcoin with a debit card, and a bonus section on the cryptos you may want to add to your portfolio.

Pros and Cons of Buying Crypto With a Debit Card

The convenience and affordability of owning a crypto debit card cannot be underestimated. Debit cards have become a popular way to buy Bitcoin and other 

However, before you register for a crypto debit card, let’s look at some advantages and disadvantages of this innovative financial product.

One of the major strengths of a crypto debit card is how easy it is to top it up with your crypto assets. It provides a convenient and fast way to off-ramp your digital assets into 

Usually, without the card, you need to go through the process of 

 (which can be cumbersome at times) and transferring it to your bank account in order to use it for payment.

However, you can bypass this hassle and conveniently pay online using a crypto debit card. As long as the merchant accepts the card, having it is as good as having cash in your pocket for convenient spending.

When applying for a regular credit card, traditional financial providers need to carry out a comprehensive credit check to assess your eligibility for the product. You may receive a low-limit card, or be denied the application if you have a poor credit score.

However, with a debit card, there are no credit checks. All you need is to ensure that your account is funded with the balance required to process the transaction.

Some crypto debit cards come with loyalty rewards and benefits. For example, with the 

, you earn loyalty points on purchases you make which can be redeemed for unique rewards and exclusive offers from the platform's partners. 

Before you sign up for a debit card, you need to know the fees associated with it. Depending on the issuer, you may incur expenses such as forex fee, card reissuance fee, dormancy fee and an annual fee, among others. It’s imperative to understand these fees in order to avoid eating into your balances and reducing your spending capability.

For virtual crypto debit cards, there's the ever-present risk of fraud and other security threats, such as hacking of online payment systems. In addition, at times crypto companies need to partner with payment providers in order to implement card payments.

If online fraudsters and cyberattacks compromise either of the parties' systems, it may result in a significant loss of assets and funds.

 are highly volatile. This price volatility greatly impacts spending on cryptocurrencies, especially for everyday consumer goods. As a result, merchants often hesitate to add crypto as a payment option on their platforms.

Furthermore, as a user, your payment may be declined due to insufficient funds if there has been significant price movement in the market. As such, most crypto debit card providers only allow transacting using 

, which are less prone to high price volatility. 

Is It Safe to Buy Crypto With a Debit Card?

Initially, most cryptocurrency exchanges were hesitant to allow crypto purchases using debit cards, due to the existence of sophisticated cyberattacks and fraud. However, most major crypto platforms have put advanced fraud detection systems in place to keep their customers safe when they buy crypto with a debit card.

That said, you must also take charge of your online security and remain vigilant while transacting with your card. The following are some useful tips on how to stay safe when buying crypto with a debit card:

You can use your debit card to buy Bitcoin and other top cryptocurrencies on leading crypto exchanges, such as Bybit, Binance, Coinbase, OKX and several others.

Bybit assures you an efficient crypto trading experience with our customer-centric platform. When buying crypto using a debit card on Bybit, you can look forward to the following features:

Which Debit Cards Allow Crypto Purchases?

You don't need a bank-issued debit card to make crypto purchases. Bybit has partnered with Mastercard to issue a crypto debit card that lets you off-ramp your crypto assets quickly and safely so you can use them to pay for crypto purchases around the globe.

Following are some of the advantages of using the Bybit Card for crypto purchases.

With over 90 million merchants accepting the Bybit Card, you can use your crypto debit card to make purchases across the globe. You can use your debit card to pay as long as the merchant has displayed the Mastercard logo (whether online or physically). 

As such, owning a Bybit debit card opens you up to Mastercard's expansive merchant network, allowing you to conveniently off-ramp your crypto assets to use, similarly to fiat currencies. 

At Bybit, we’re dedicated to keeping our customers' funds safe. The Bybit Card is 

 Secure-enabled, which means that it complies with industry standards to let customers authenticate online transactions.

With such innovative fraud-prevention technology, you can be confident that your information is safe, and that your transactions are carried out over an additional layer of security built to keep fraudsters at bay.

With the Bybit Card, you can choose to pay for your purchases using the following cryptos; Bitcoin (BTC), Ether (ETH), Ripple (

). Our team is also working on enabling more crypto assets and even allowing multi-asset cryptos in the future.

You can earn loyalty points whenever you pay for transactions using your Bybit Card. Bybit's exciting Loyalty Rewards program allows you to redeem your loyalty points for different rewards, depending on the number of points you’ve accumulated.

Bybit has a dedicated team of multilingual customer agents on standby to address any questions, concerns and inquiries related to all of our products, including the Bybit debit card. You can count on them to quickly and efficiently resolve any issues that you may face.

Can You Buy Crypto With a Debit Card Without Verification?

Gone are the days when you could easily find cryptocurrency exchanges that didn't require KYC checks. Regulatory pressure has forced platforms to tighten their rules, which is actually a positive step. This move demonstrates a commitment to cooperating with regulators and ensuring the legitimacy of transactions. 

While it may be difficult to find an exchange that doesn’t require verification, the added security measures provide peace of mind for investors, thus helping to ensure a stable and sustainable future for the wider cryptocurrency market. 

Additionally, many exchanges such as Bybit offer various payment methods, such as credit cards and P2P trading, for you to buy Bitcoin and other cryptos quickly and easily. 

Once you’ve linked your debit account, simply fund it to start building your crypto portfolio. Following are the cryptocurrencies you can buy using your Bybit debit card.

Bitcoin (BTC) is the most popular crypto. It has the largest share of the total crypto market volume. When you buy Bitcoin, you get to own the earliest crypto to enter the market, built on a secure blockchain-powered infrastructure. Since it's widely accepted, BTC is among the most liquid cryptocurrencies, and can be moved easily between crypto exchanges.

You can also use Bitcoin to make near-instant cross-border payments at a low cost, compared to traditional financial options such as bank transfer, which are both slow and quite expensive. You can also gain by holding BTC for its long-term value, due to its 

Ethereum (ETH) is the second most popular cryptocurrency after BTC. As the blockchain that introduced the world to 

, ETH has remained dominant in the crypto space, especially among developers looking to build decentralized apps (

 enthusiasts looking to increase their yield.

Like BTC, Ethereum is readily accepted across most crypto exchanges and can be traded against most crypto asset classes.

Further, Ethereum successfully migrated to a 

 (PoS) blockchain in September 2022, and will soon implement the much-awaited 

, which will help improve liquidity on its blockchain.

With many improvements still to come on Ethereum, its future looks bullish, and it could be a great addition to your portfolio.

 that can help cushion you from the intense volatility of the crypto market. If you’re a crypto beginner, USDT is a safe option as you try and learn the ropes around the market.

It's worth noting that USDT has remained the most resilient stablecoin, despite several others, such as 

As a U.S. dollar–backed crypto, USDT has provided investors with a safe haven to hold funds, especially during 

 when there's more apprehension in the market.

Rather than holding funds in fiat, you can convert them into USDT, which can cushion you from the inflation currently plaguing the global economic landscape.

 is the token of Polygon (formerly Matic Network), a Layer 2 scaling solution designed to solve the challenges of high gas fees and network congestion on the Ethereum blockchain.

 movement, MATIC is built for developers looking to launch DApps via blockchain networks. Using MATIC, you can pay low transaction fees and also help secure the network through 

. Polygon has entered into strategic partnerships with top brands, such as Walt Disney, Prada and adidas

Three Steps to Buying Crypto With Your Bybit Card

Buying crypto with your Bybit Card is quick and easy, and takes only three steps.

: Once your account has been verified, you can 

. The virtual Bybit Card is issued automatically once the application is successful.

 terminal on Bybit in order to fund your account, which will be used to facilitate transactions using the Bybit Card.

Once you buy crypto with your debit card, you can choose to explore various options and decide which of them suit you the best. You can choose to:

 is a common expression used in the crypto space to express the act of holding on to your crypto assets (not selling), despite price movements in the market. One token that most people HODL is Bitcoin, mainly due to its finite supply, which gives it long-term intrinsic value.

Once you’ve performed your due diligence about a project, and believe its team is building something that will add value to the crypto space over time, you can buy its tokens and wait to see what the future holds.

Another way to profit from your crypto assets is trading them on Bybit. You can access various trading options on our user-friendly terminal, designed for both beginning and advanced traders. For example, you can opt for 

 to buy and sell Bitcoin and other cryptos securely at a low fee. You can also try 

, borrowing funds to trade and boost your returns.

 lets you profit from copying the trades of our master traders.

Staking your crypto assets allows you to 

 with guaranteed yield and a minimum entry barrier. Locking your crypto through 

 provides you an excellent way to generate greater returns as you HODL your cryptocurrencies.

With Bybit Earn you can access various other products, such as 

, which helps you earn interest on your crypto assets, or share in daily yields generated by your tokens through 

You can also opt to spend your crypto by using your Bybit Card to pay for transactions at online stores that accept MasterCard. As mentioned, this is a convenient and fast way to off-ramp your crypto assets and use them as easily as having cash in your pocket.

Using a crypto credit or debit card to buy cryptocurrency provides a simplified avenue to get into the crypto space, as well as a convenient payment method. You can quickly link your card to your crypto account and add funds to your wallet using your debit card.

Crypto debit cards such as the Bybit Card reward you every time you use them for transactions. Your loyalty points can then be redeemed for attractive rewards. Once you purchase Bitcoin or other cryptocurrencies using your Bybit Card, you can choose to HODL, stake, trade or spend at online stores.

Can You Buy Crypto With a Debit Card?

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Can You Buy Crypto With a Debit Card?

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