How to trade gold on Bybit using USDT
Disclaimer: Please note that Bybit Gold & FX has been renamed to Bybit TradFi as of June 2025. Bybit TradFi is powered by Infra Capital (Mauritius FSC licensed).
As of Oct 17, 2025, gold’s price has surged past $4,330 per ounce and reached new all-time highs. This rally has renewed interest in gold trading across both traditional and crypto markets. However, traders in the crypto market traditionally have had to go through a more cumbersome process to gain exposure to gold.
Bybit's gold trading options are here to change all that — not only simplifying the process but also allowing crypto-natives to trade gold using Tether’s USDT stablecoin. In this article, we’ll cover the recent gold rally and show you the different ways you can trade gold on Bybit’s platform.
Key Takeaways:
Gold prices hit new highs on Oct 17, 2025, sparking fresh interest from institutional and retail traders.
Bybit offers four flexible ways to trade gold — via Bybit TradFi, Copy Trading TradFi, Spot trading (e.g., XAUT/USDT), and Perpetual contracts such as XAUTUSDT and PAXGUSDT.
Bybit TradFi supports automated trading strategies and enables seamless access to traditional financial markets, while Copy Trading TradFi lets beginners copy experts’ trades. Meanwhile, XAUT and PAXG Perpetual contracts are similar to crypto perpetuals, but they track gold prices. You can also buy XAUT in the spot market to directly own gold-backed tokens.
Gold rallies to all-time highs amid market uncertainty
There are several fundamental causes behind the current rally in gold prices. Among them, the most prominent drivers are increasing geopolitical turmoil, escalating trade tensions between the United States and China, the ongoing US government shutdown, traders’ aggressive Fed rate-cut bets, and an overall increase in uncertainty and volatility. Moreover, there’s the issue of de-dollarization, which increases the risks of a global currency crisis. In such an environment, gold's role as a safe-haven asset becomes particularly appealing. Investors buy it to protect their capital, and traders begin buying it to benefit from the price movement.
In addition to retail traders, central bank activity, particularly in Asia, has also played a crucial role. Several central banks, including those in China, India and Russia, have been steadily increasing their gold reserves. This trend reflects a strategic move to diversify their reserves away from the US dollar, driving sustained demand for gold and contributing to its price increase.
How to trade gold on Bybit
Bybit is always seeking to offer new and exciting products to its users, and its gold offerings are no exception. There are currently four ways to gain exposure to gold on Bybit’s platform:
Gold-backed token spot pairs, such as XAUT/USDT
Gold-backed crypto perpetuals, such as XAUTUSDT and PAXGUSDT
To make gold trading easy for crypto-native traders, Bybit has paired all four instruments against USDT, the largest stablecoin by market cap. Bybit’s TradFi trading has surged in popularity, and Bybit users even traded over $10 billion worth of volume in gold in a single day on Apr 3, 2025. On top of that, Bybit launched the web version of TradFi and rolled out its Gold Exclusive Trading Zone, a campaign running from Oct 15–Nov 7, 2025, that offers traders a $800,000 prize pool as part of a comprehensive and rewarding gold trading experience.
Let's take a closer look at the four different options and find out how you can use them to trade gold.
Gold trading on Bybit TradFi
Formerly known as Gold & FX, Bybit TradFi Trading provides cryptocurrency users with seamless access to traditional financial markets. The platform supports over 100 popular trading pairs across various general market assets, including metals like gold, stocks, indices, forex and commodities.
Bybit TradFi fully integrates MT5 (short for MetaTrader5), one of the world's most popular trading platforms. While the previous version of the service required traders to install the MT5 app to trade traditional markets, users can now access their TradFi trading contracts without leaving the Bybit website or Bybit App. You can trade gold and automate your strategies using tools normally reserved for institutional players via TradFi, and buy, sell, earn, stake and spend crypto all within the same ecosystem.
With Bybit TradFi, all trades are placed using USDT, featuring leverage that extends all the way up to 500x. In addition to the clean interface and secure trading environment that users have come to expect from Bybit, the platform also offers several features that are essential for traders:
Tailored fees, starting from only $3 per lot
Minimal spreads
Access to deep liquidity
Advanced charting tools
Dedicated 24/7 customer support
USDT-settled trades without fiat currency
User-friendly platform, fast onboarding and around-the-clock market access
Trade TradFi assets instantly inside Bybit App or Bybit Web with your existing crypto wallet
No conversions or third-party platforms
Step-by-step guide for trading gold with Bybit TradFi
Trading gold with Bybit TradFi Web
As of Oct 15, 2025, you can trade gold with Bybit TradFi inside the Bybit App and also on the newly-launched web version of the service. Follow the steps below to get started trading gold via Bybit TradFi’s web platform:
1. Log in to your Bybit account on the website (you can register for a new account here) and head to the TradFi page.
2. Click on the Transfer In button to move USDT from your Funding or Unified Trading Account to your TradFi wallet. If you have no funds in either of your wallets, you can deposit fiat or crypto to Bybit by clicking on Deposit near the top-right corner of the page.
3. Once your USDT has been transferred to your TradFi wallet, Bybit automatically converts it into USDx, an internal display unit that reflects the value of your USDT holdings at a 1:1 ratio. You can use this USDx to trade gold on Bybit TradFi. To do that, select your desired XAU pair (e.g., XAUUSD+) from the Metals tab.
4. On the trading page, use the trading placement window on the right to place your order. First, choose whether to go long (buy) or short (sell) gold, whether to set a Trigger Price, and the Quantity of gold contracts for differences (CFDs) you wish to trade. Optionally, you can tick on the TP/SL for your order to minimize your risks. Once you’re ready, click on Buy or Sell to submit your order.
Trading gold with Bybit TradFi inside the Bybit App
You can also trade gold with Bybit TradFi inside the Bybit App, as follows:
1. Download the Bybit App on your smartphone and tablet, install it, and log in to your account.
2. In the Trade menu, select TradFi at the top. You can fund your TradFi wallet with USDT by tapping on Transfer, selecting the source wallet (Funding or Unified Trading Account) and the USDT amount, and tapping on the Confirm button.
3. Once your transfer is credited, tap on Metals and select XAUUSD+ or another gold pair.
4. On the trading page, click on Buy (to go long) or Sell (to go short) on gold.
5. In the trading placement window, set the Order Value or Quantity, an optional Trigger Price and TP/SL, and click on Buy or Sell to finalize your order.
Copy Trading TradFi on Bybit
Copy trading allows traders to automatically copy positions opened by the Master Trader accounts that they’re following. This allows traders without prior experience to effortlessly replicate the strategies of expert investors across commodities, forex and stock indices. Copy Trading TradFi also includes a profit-sharing mechanism whereby the master trader gets a portion of the profit generated by the followers. This makes the process a win-win for everyone involved.
The major advantage of this type of trading mechanism is its usefulness for beginner traders, who may not have enough expertise to place their own trades, but can automatically copy the trades of others who are registered as Master Traders. On the flip side, the profit and loss of your position will depend entirely upon another trader, and Followers can end up with potential profits or losses accordingly.
Step-by-step guide for trading gold on Bybit Copy Trading TradFi
Trading gold on Bybit Copy Trading TradFi via the website
1. Click on Tools → Copy Trading → Copy Trading TradFi in the navigation bar.
2. Choose a Master Trader who includes XAUUSD+ or another gold CFD among their trades. On the Copy Trading TradFi page, you can sort Master Traders based on various factors, such as Top ROE, Highest Follower Profit and Top Balanced Traders. You can also sort the list by clicking on the All Traders tab and using one of the filters. Click on the card of a Master Trader whom you like in order to learn more about their performance, trades and strategies.
3. To initiate a copy trade, click on the Copy button near the top right of your selected Master Trader’s page (or at the bottom of the Master Trader card on the TradFi page). As a Follower, you can copy up to 10 Master Traders simultaneously.
4. After clicking on Copy, provide the amount of USDT for your investment, select whether to copy the Master Trader’s take-profit and stop-loss amounts, tick the box next to I have read and agreed to Bybit Copy Trading Agreement and click on Copy Now. Click on Confirm to finalize the transaction.
Congratulations! You’ve successfully followed a Master Trader, and your account will now start copying their trades.
Trading gold on Bybit Copy Trading TradFi via the Bybit App
1. Open the Bybit App and select Copy Trading from the Trade menu.
2. Choose your preferred Master Trader and click on Copy, either on their card or in their Master Trader page.
3. On the copy trading page:
Set your Investment Amount and (optional) take-profit and stop-loss amounts to copy.
Agree to Bybit’s Copy Trading Agreement.
Tap on Copy Now → Submit.
Trading gold using XAUTUSDT and PAXUSDT
In addition to TradFi, Bybit also offers two crypto perpetual futures pairs that track the value of gold. Perpetual contracts are derivatives that allow traders to speculate on the price movements of crypto assets without a set expiration date. Bybit allows traders to take long or short positions on two such contracts: XAUTUSDT and PAXGUSDT.
XAUT is a digital token issued by Tether that’s backed by physical gold. Each XAUT token represents indirect ownership of one fine troy ounce of gold, stored in a secure vault in Switzerland. Meanwhile, PAXG is issued by Paxos and is also backed by one fine troy ounce of gold, stored in a vault in London.
On Bybit, traders can enjoy up to 50x leverage with both XAUTUSDT and PAXGUSDT. Settlement takes place in USDT, simplifying the profit and loss calculation.
Step-by-step guide for trading XAUTUSDT on Bybit
Trading XAUTUSDT perpetuals on Bybit Web
1. Visit the XAUTUSDT Perpetual contract page and log in with your account details. On the top panel, you can see the Mark Price, Index Price, 24-hr Changes, Open Interest and Funding Rate.
2. Below that, there are three panels. The left panel displays the chart, the middle panel displays the order book and the right panel is for placing and canceling orders.
3. On the right panel, you can choose whether to place a Limit, Market or Conditional order. You can also choose your Leverage (up to 50x), the Order Price (for limit orders) and the Order Quantity. Optionally, you can set TP/SL and turn on settings such as Post-Only or Reduce-Only.
4. Once you’ve selected all of the details, you can check the value of the trade and the cost in USDT. Confirm the details, and click on Long or Short to enter the trade. Finally, click on Confirm to place your order.
That's it. You’ve now placed your order. Market orders will get executed immediately, while limit orders will only execute if the spot price reaches the limit price.
Trading XAUTUSDT perpetuals in the Bybit App
1. Open the Bybit App, tap on Trade, select Futures and choose XAUTUSDT from the drop-down menu at the top left. You can switch between the chart and order book views by tapping on their respective icons at the top right.
2. To place your order, set your Leverage, the Order Type (Market, Limit or Conditional), the Price (for Limit orders), the Quantity, and the optional settings (TP/SL, Post-Only, Reduce-Only).
3. When you’re ready, tap on Long or Short, then tap on Confirm to finalize the order.
Step-by-step guide for trading the XAUT/USDT spot market pair
You can also trade gold on Bybit via the spot market. Unlike with TradFi and perpetuals, trading the XAUT/USDT spot market pair provides you with complete ownership over Tether’s gold-backed token. While this allows you to buy and sell the actual asset without any derivatives, you won’t be able to use any leverage when you trade gold on the spot market (unless you place a spot margin trade).
Settlement is in USDT, and the trading process works similarly to that for trading gold perpetuals. Below, we’ve listed the steps for trading XAUT/USDT on both Bybit Web and in the Bybit App.
Trading the XAUT/USDT spot market pair on Bybit Web
1. On the Bybit website, select XAU/USDT from the Spot tab inside Trade.
2. On the trading page, you can see the chart and the order book near the middle; the current Price, 24H Change, 24H High, 24H Turnover and the Daily Interest Rate on the top; and the order placement window on the right.
3. In the order placement window, select whether to trade (Spot) or Convert, whether to use Margin, the direction of the trade (Buy or Sell), the Order Type (Limit, Market, Conditional), the Quantity, and optional settings like Max Slippage, TP/SL and Post-Only. Once you’ve reviewed all of the details, click on Buy and Confirm in the pop-up window.
Trading the XAUT/USDT spot market pair in the Bybit App
1. Inside the Bybit App, select the Spot tab inside the Trade menu and choose the XAUT/USDT spot market pair.
2. Fill out the order placement window, and set the direction of the trade, Order Type, Order Quantity and optional details.
3. Finalize your order by tapping on Buy, and then Confirm.
Trade gold on Bybit now
Gold acts as a safe haven asset during times of uncertainty, and it could be considered one of the safest assets for long-term investments. Bybit users have a great opportunity to trade gold to gain exposure to its price appreciation or diversify their portfolio. Take a look at the Bybit TradFi page or check out Bybit’s gold-backed crypto Perpetual futures or XAUT/USDT spot market pair. Choose the method that suits you best to capitalize on this incredible gold rally.
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