What is the Bybit EU Unified Trading Account and how does it work?
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Bybit EU offers a secure, versatile and highly liquid cryptocurrency trading platform to its users in most European Economic Area (EEA) countries. After signing up for a new Bybit EU account, users typically have access to two core account types: the Unified Trading Account (UTA) and the Funding Account. Your UTA is a major account type you can use to place your Spot and Spot Margin trades, collateralize assets and utilize various asset conversion and transfer services. While the Funding Account is primarily used for deposits and withdrawals, the bulk of your active trading on the platform is carried out through your UTA.
Your UTA consolidates your different trading positions and allows you to use various margin modes when placing Spot Margin trades. Some of these margin modes spread out your margin requirements across positions, ultimately optimizing your trading strategies. For both beginning and experienced traders, knowing how to make the best of their Bybit UTA is among the most fundamental factors for successful trading.
Key Takeaways:
The UTA is an account type that allows Bybit EU users to place Spot and Spot Margin trades, set collateral assets for margin trading, maintain multi-asset holdings, improve capital efficiency and use advanced forms of risk management via account-wide margin modes.
Your UTA provides you with access to dozens of assets, with around 30 of them available as collateral for margin trading.
There are three margin modes available in your UTA — Isolated Margin, Cross Margin and Portfolio Margin — with the latter two using account-wide margin maintenance to help you devise optimized Spot Margin strategies.