Getting started with Bybit options: Complete process from zero to first Put/Call trade

99% of crypto traders are playing with futures, spot, and bots — options are basically ignored by everyone. But options are actually the strongest risk management tool out there — losses are capped, gains are unlimited. Bybit options has the best liquidity in crypto right now. This guide assumes you’re starting from zero and walks you through everything from reading quotes to placing your first trade. ...

2026-04-19 · 6 min · 1168 words · Panshi

Pionex Leveraged ETF Real Experience: 3x BTC Is Not the 3x You Think It Is

⚠️ Registration Requirements: Pionex does not support mainland China IDs for KYC verification. You’ll need a valid ID from Taiwan, Singapore, Malaysia, the US, or other supported regions. See Pionex’s official list of restricted regions. When I first saw “BTC3L (3x long)” on Pionex, I thought it was just a simplified 3x leverage perpetual—buy in and enjoy 3x returns and losses. After running it for a month, I realized: it’s not. This post breaks down the real math behind leveraged ETFs, actual data, and which scenarios they do and don’t work for. ...

2026-04-19 · 5 min · 886 words · Panshi