How to trade gold on Bybit using USDT
In April 2025, gold’s price surged past $3,200 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 in April 2025, sparking fresh interest from institutional and retail traders.
Bybit offers three flexible ways to trade gold — via MT5, Copy Trading and Perpetual contracts like XAUTUSDT and PAXGUSDT.
MT5 allows automated trading strategies, while Gold & FX Copy Trading lets beginners copy-trade experts. Meanwhile, XAUT and PAXG Perpetual contracts are similar to crypto perpetuals, but they track the value of gold instead.
Gold rallies to all-time highs amid market uncertainty
Source: TradingView
There are several fundamental causes behind the current rally in gold prices, the most prominent being increasing geopolitical tensions, escalating trade wars and an overall increase in uncertainty and volatility. 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 three ways to gain exposure to gold on Bybit’s platform:
Gold & FX Trading with Bybit MT5
Gold-backed crypto perpetuals, such as XAUTUSDT and PAXGUSDT
To make gold trading easy for crypto-native traders, Bybit has paired all three instruments against USDT, the largest stablecoin by market cap. Bybit’s Gold & FX trading has surged in popularity, and Bybit users recently traded over $10 billion worth of volume in gold in a single day.
Let's take a closer look at the three different options and find out how you can use them to trade gold.
Gold & FX Trading on Bybit MT5
MT5 (short for MetaTrader5) is one of the world's most popular trading platforms. Retail traders can create algorithms to automate their strategies using tools normally reserved for institutional players. In August 2024, Bybit announced the integration of MT5 into its platform. Following this integration, Bybit also launched Gold & FX trading for its users.
Bybit MT5 offers three major services: cryptocurrency, forex (FX) and contracts for difference (CFDs). Traders can use CFDs to trade gold. The trades are placed using USDT, and leverage 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, MT5 also offers several features that are essential for algo trading:
Low trading fees
Minimal spreads
Access to deep liquidity
Advanced charting tools
Seamless bridge between traditional finance (TradFi) and decentralized finance (DeFi)
Step-by-step guide for trading gold with Bybit MT5
Before using MT5, traders must first register and open their Bybit MT5 accounts.
1. On the MT5 landing page, click on the Register button → Open MT5 to create an account.
2. Carefully read the Terms and Conditions, and accept by clicking on the box. Then, click on Next.
3. Create the Master Password for your Bybit MT5 account. Ensure that the passwords you input match each other before clicking on Create MT5 Account. The creation of an MT5 account requires KYC, so if you have yet to verify your Bybit account, you’ll be prompted to complete the verification process.
4. The system will generate an MT5 Login ID and an investor password, and will display your MT5 account details in a pop-up window.
5. Click on Go to My Dashboard to be redirected to the MT5 Dashboard, where you can deposit funds into your Bybit MT5 account to start your trading journey.
6. Download and install the MT5 Client to your desktop or mobile from the Bybit MT5 page and log in to your trading account.
7. Choose the gold pair that you want to trade. Currently, there are six different gold pairs available on Bybit MT5.
8. Choose your preferred pair. You’ll see three options: Trade, Chart and Details. Click on Trade to open a buy or sell order.
Copy trading for Gold & FX 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 gold and forex. Copy Trading Gold & FX 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 beginning 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.
From now through Jun 30, 2025, you can enjoy loss protection of up to 100 USDT on your first Gold & FX copy trade. Click here to claim your voucher and start copy trading today!
Step-by-step guide for trading gold on Bybit MT5
1. Click on Tools → Copy Trading → Copy Trading Gold & FX in the navigation bar.
2. To enter the Settings page, click on Copy at the bottom of the card of the Master Trader whom you wish to follow. Followers can copy up to 10 Master Traders simultaneously.
3. Create your copy trades by entering the amount you want to invest under Investment, and set your take-profit/stop-loss (TP/SL) amount.
4. Once the parameter settings are confirmed, place the check on the agreement acknowledgment box, then click on Copy Now and Confirm.
Congratulations! You’ve successfully followed a Master Trader, and your account will now start copying their trades.
Trading gold using XAUTUSDT and PAXUSDT
In addition to MT5, 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 XAUTUSDT and up to 16.67x leverage on PAXGUSDT. Settlement takes place in USDT, simplifying the profit and loss calculation.
Step-by-step guide for trading XAUTUSDT on Bybit
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 the order price (for limit orders) and order quantity.
4. Once you’ve selected all the details, you can check the value of the trade and the cost in USDT. Confirm the details, and click on Open Long or Open Short to enter the trade.
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.
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 MT5 page or check out Bybit’s gold-backed crypto Perpetual futures. Choose the method that suits you best to capitalize on this incredible gold rally.
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