Bybit Adds Limit Order Functionality to Convert for Greater Trading Precision
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has enhanced its Convert tool by introducing Limit Order functionality. This update offers users greater control over crypto asset conversions — with zero trading fees maintained.
Unlike Instant Orders, which execute immediately at the market conversion price, Limit Orders allow users to set a target conversion price. The transaction only executes once the conversion price is met or exceeded.
Key features of Limit Orders on Bybit Convert include:
Price Control: Users can set a preferred conversion rate and wait for favorable market conditions.
Zero Fees: Limit Orders, like Instant Orders, incur no trading fees.
Order Validity: Orders remain active for up to 30 days, with funds securely locked until execution or expiration.
User Management: Orders can be tracked or cancelled anytime via the Conversion History tab.
Quotes displayed on the Convert page reflect real-time exchange rates, independent from Bybit Spot market prices. The accompanying chart is for reference only and does not represent historical Convert rates.
This latest feature continues Bybit's mission to provide accessible, high-performance tools for both novice and experienced traders.
More information is available here.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
Contact
Head of PR
Tony Au
Bybit
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
DeFi Protocol CrediX Taken Offline After $4.5M Exploit
Sonic-based decentralized finance (DeFi) protocol CrediX Finance was taken offline after being struck by a $4.5 million exploit. The protocol, which has been live for less than a month, revealed there was a "security breach" at 9:10 UTC on Monday. The website was taken offline to prevent users from depositing. Blockchain security firm CertiK said all the stolen funds were bridged from Sonic to Ethereum and now sit in three separate wallets. The method of attack remains is unclear but it's worth noting that multi-sig wallet breaches became the most common attack vector in the first half of 2025, contributing to a total of $3.1 billion lost to hacks during that period. "All users funds will be recovered in full within 24-48 hours," CrediX wrote on X to quell the concerns of investors who were unable to access the website. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Why Mode Network's investor deposits dropped 99% in one year
Mode Network is just 1% of what it once was. Its total value locked, or TVL — a metric for how much investor funds are in a blockchain or DeFi protocol — has fallen to just under $4 million, a 99% from its May 2024 peak, according to onchain data from DefiLlama. The onchain data contradict Mode's own website, which still touts that it has more than $500 million in TVL and hundreds of thousands of users, which would make it a DeFi mammoth. Mode Network didn't return several requests for comment. The network's native token, Mode, has also declined massively, down more than 98% from its all-time high price from a year ago, according to DefiLlama. Mercenary capital Mode Network is an Ethereum layer 2 blockchain that aims to use artificial intelligence for DeFi applications. Mode's TVL pumped last year amid its turbo-points airdrop campaign after securing a $5.3 million grant from Optimism, an Ethereum layer 2 blockchain, in January 2024. At its May 2024 peak, it boasted a $582 million TVL. That period coincided with a hyped buzz for DeFi projects that offered similar rewards in exchange for liquidity provision. But like other incentive-style growth campaigns in crypto, the liquidity bump that came Mode's rewards programme did not last long. It's a familiar pattern. DeFi projects juiced on token emissions alone enjoy sudden user volume and TVL spikes. But the growth is usually ephemeral, and they eventually flame out when the drip stops and they're unable to pivot to another growth strategy. Berachain, a once-promising layer 1 blockchain, has lost more than $3 billion in investor funds since March amid a massive decline in yield-based incentives that drove user capital to other blockchains. Even with more than 50 DeFi projects on the blockchain, Mode is now a user engagement desert with hardly any onchain revenue being generated. Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@
Forbes
10 hours ago
- Forbes
What Is Pump.fun? What To Know About How This Platform Works
has carved out a niche in the meme coin ecosystem by making token creation and trading accessible, fast, and user-friendly. Wikipedia is a crypto and DeFi platform that simplifies the process of launching and trading meme coins. It allows anyone to create a fair launch coin, where no one receives early access, private allocations or pre-mined tokens. All participants have the same opportunity to buy and sell once the token is live, aiming to promote transparency and equal access in the digital asset market. This article explains how the Pump platform works, including how users can select a coin, purchase through a bonding curve, and sell at any time. It also outlines essential considerations such as potential market risks and user eligibility requirements. This guide offers an overview of how operates, including its coin creation process, trading mechanics and user protections. Following a rapid $600 million token sale through an initial coin offering that concluded in under twelve minutes, the platform has been drawing widespread attention across the crypto space. Leveraging Solana's high-speed, low-cost infrastructure to process the sale efficiently, the sale generated momentum across the crypto community. The $PUMP token is intended to support the broader ecosystem through features such as fee rebates, token buybacks and community-driven initiatives. With a capped supply and structured distribution model, appears to be emerging as a notable project in the evolving on-chain social and trading space. Designed to make token creation accessible to anyone, is a decentralized platform on Solana that eliminates the need for technical expertise or approvals. All tokens are launched through Pump. Following a fair-launch model, everyone can buy and sell from the same starting point, with no early insiders or preferential access. Token prices are determined by a bonding curve, where the cost increases with each purchase. Users can create new coins, speculate on trending tokens or exit positions at any time. The platform is built to simplify on-chain trading and expand participation in the crypto ecosystem. Born out of the explosive growth of meme coins, simplifies token creation while aiming to reduce the risks commonly associated with speculative assets. Its mission is to provide a scam-resistant alternative to meme coin trading by eliminating early access, vesting schedules and lockups — features often exploited in rug pulls. With a growing user base and reported daily revenues that rival major crypto platforms, aims to reshape on-chain culture by combining viral token creation with a vision for decentralized, community-driven social infrastructure. The platform automates token creation and trading using Solana's fast and low-cost infrastructure. A fair-launch model ensures equal access to newly created tokens, while bonding curves dynamically adjust pricing based on demand. Liquidity is pooled and managed programmatically, reducing reliance on centralized intermediaries. The sections below outline the token creation process, the mechanics of the bonding curve system and the ways users can participate in the ecosystem. Token Creation Process Token creation process on the platform is designed to be accessible and cost-efficient. As of August 2024 , the fee previously required to create a new token is now covered by the first buyer, eliminating any cost to the issuer. To begin, users connect a compatible Solana wallet and select the 'Start a New Coin' option on the homepage. Creators enter basic token details including name, ticker, logo and description, with the option to add social media links. Once submitted, the token is deployed and available for trading on the platform. Rather than relying on traditional order books, the platform uses a bonding curve model that adjusts token prices upward with each purchase, creating a built-in pricing mechanism. This structure helps reduce volatility and limits early-stage manipulation, which can undermine trust in new tokens. With no vesting or lock-up periods, tokens are immediately tradable after launch. User Participation In addition to launching meme coins, users can engage with the platform by browsing, buying and selling tokens directly through a connected Solana wallet. Participation begins by selecting a token of interest and purchasing it via the bonding curve system, where the price increases with each buy. Tokens can be sold at any time, allowing users to realize gains or limit losses. Key Features To Know Built for speed and simplicity, the platform provides tools that make launching and trading tokens accessible to a broad audience. Its core strengths include instant token deployment, a no-code environment accessible to all users, and a fully integrated trading experience. The following sections highlight how these features contribute to the platform's growing appeal among both creators and traders in the meme coin ecosystem. Instant Token Launch Token creation on the platform is designed to be immediate and user-friendly. After connecting a supported Solana wallet, users can click the 'Start a New Coin' button on the homepage to begin. The setup requires only basic details such as the token's name, ticker, logo and description, with optional links to social media. Once submitted, the token is deployed instantly and becomes available for trading, eliminating delays and minimizing technical barriers. No-Code Environment A no-code environment allows users to perform complex tasks without writing any code, using simple interfaces instead of programming languages. The platform applies this approach to token creation, enabling anyone to launch a meme coin by filling out a basic form. There is no need for technical knowledge or blockchain development experience, making the process accessible to a broader range of users, from casual participants to content creators. Integrated Trading Experience An integrated trading experience allows users to create, buy and sell tokens within a single platform, removing the need for external tools or exchanges. The platform offers this functionality by enabling token deployment, real-time pricing through bonding curves and immediate trading, all processed directly on Solana. This seamless setup supports a smooth user experience from launch to market activity. Role In The Meme Coin Economy By lowering the technical and financial barriers to entry, has positioned itself as a key driver of meme coin proliferation. Its instant launch features and bonding curve mechanics allow tokens to go viral quickly, often within minutes of creation. This speed supports the fast-paced nature of meme culture, where trends can emerge and fade rapidly. By design the platform encourages social sharing and community participation, enabling creators and traders to amplify visibility across social media. This built-in exposure mechanism helps meme coins gain traction beyond the platform itself, contributing to broader market dynamics. As a result, serves not just as a launchpad but also as a cultural engine within the meme coin ecosystem. Benefits of Using What sets the platform apart is its combination of accessibility, community energy and user-friendly design. A low barrier to entry invites broad participation, while community-driven dynamics help tokens gain visibility and traction. Solana's high-performance infrastructure supports fast transaction processing and seamless interactions across the platform. These features have accelerated the platform's rapid growth and widespread appeal. Risks And Concerns To Be Aware Of While the platform offers an accessible and engaging environment for meme coin creation and trading, it also carries significant risks. Market manipulation remains a concern, particularly in early token stages where liquidity is low and prices move quickly. Despite safeguards like fair-launch mechanisms, the potential for rug pulls and scams still exists, especially with anonymous creators. Volatility is another key issue, as meme coins can experience extreme price swings driven by speculation rather than fundamentals. Vs. Other Token Launch Platforms As interest in token creation expands beyond developers and institutional users, platforms are evolving to meet broader demand. caters to this shift by offering a streamlined, no-code environment specifically designed for meme coin launches. In contrast, Uniswap supports a wide range of tokens with deep liquidity but requires users to provide capital and understand decentralized trading mechanics. Zora , originally focused on NFTs, now facilitates creator-owned economies but primarily targets cultural and artistic communities. Expert Opinions Crypto analysts have offered mixed perspectives on especially following its rapid rise and swift correction. In the July 25, 2025 episode of the Unchained Podcast , crypto experts Laura Shin, Yan Liberman, Jason Pagoulatos and Simon Smockey analyzed the launch of $PUMP. They pointed to a lack of post-ICO communication, absence of investor lockups and unclear token utility as key issues undermining market confidence. The analysts also questioned whether vision of becoming an 'everything app' remains viable amid shifting user expectations and emphasized the importance of transparency, sustainable incentives and clear governance. Bottom Line has carved out a niche in the meme coin ecosystem by making token creation and trading accessible, fast, and user-friendly. With no-code tools, integrated trading and a bonding curve model that encourages fair launches, the platform simplifies on-chain participation for everyday users. Its use of Solana infrastructure allows for fast, low-cost execution, while its social features help meme coins gain viral momentum quickly. However, the same elements that power its growth also pose risks. The open nature of the platform can attract bad actors, and the lack of regulation exposes users to volatility, scams and sudden losses. While offers a compelling gateway into the crypto economy, users should proceed with awareness of both its opportunities and vulnerabilities. What Is Used For? is used to create, launch, and trade meme coins directly on the Solana blockchain. Meme coins are inherently speculative and highly volatile. The platform's open, no‑code structure may attract scams or inexperienced creators, and there is little regulatory oversight. Do I Need Coding Skills To Use No, is a no-code platform that lets users launch tokens without any programming knowledge. Which Blockchain Does Use? uses the Solana blockchain.
