Comprehensive Guide: How To Use Bybit Coupon [Step by Step]

?

Maximizing Your Cryptocurrency Trading Experience with Bybit Coupons

  • Bybit, a leading cryptocurrency exchange platform, offers a simplified way for traders, including beginners, to access bonuses and discounts through Bybit coupons.
  • This comprehensive guide provides a detailed step-by-step walkthrough for registering on Bybit, verifying your identity, accessing available coupons, redeeming them, and making the most of the bonuses.
  • Bybit’s commitment to user security and privacy is highlighted, and readers are encouraged to review terms and conditions for each coupon to enhance their cryptocurrency trading journey.

Claim up to $30,030 in Bonus

100x Leverage

Navigating the world of cryptocurrency trading can be a daunting task, especially for beginners. However, Bybit, a well-established and user-friendly cryptocurrency exchange platform, has simplified the process and added an exciting feature – Bybit coupons. These coupons, also known as referral codes, offer traders a way to access bonuses and discounts. In this comprehensive guide, we’ll take you through the step-by-step process of how to use Bybit coupons, ensuring that you can maximize your cryptocurrency trading experience.

Step 1: Sign Up on Bybit

Creating an account on Bybit is the foundational step to gaining access to Bybit coupons. Here is an in-depth look at how to do this:

1.1. Start by visiting Bybit’s official website. You can access it by clicking here

1.2. On the homepage, locate the “Sign Up” or “Register” button, usually found at the top-right corner. Click on it.

Claim up to $30,030 in Bonus

100x Leverage

1.3. You’ll be prompted to provide your email address and create a secure password for your account. Make sure to use a strong and unique password.

1.4. Agree to Bybit’s terms and conditions, and complete the captcha verification to prove that you are a real person.

1.5. Once you’ve filled in the required information and agreed to the terms, click “Sign Up” to complete the registration process. Congratulations, you now have a Bybit account.

Step 2: Verify Your Identity

Identity verification is an essential security step on Bybit, ensuring that you meet regulatory requirements and safeguarding your account. Here’s how to do it:

2.1. Log in to your newly created Bybit account using your email and password.

2.2. Navigate to your account settings by clicking on your profile icon in the upper right-hand corner of the screen. From the dropdown menu, select “Account & Security.”

2.3. Complete the identity verification process. This may include providing personal information and uploading documents like your ID card or passport. Bybit takes privacy and security seriously, so this step is crucial for account safety.

2.4. Once your identity is successfully verified, you’re ready to explore and utilize Bybit coupons.

Claim up to $30,030 in Bonus

100x Leverage

Step 3: Access the Coupons Page

Bybit consistently offers a variety of promotions and bonuses to enhance your trading experience. To find and access available coupons, follow these steps:

3.1. Log in to your Bybit account.

3.2. Head to the “Rewards” tab, usually located in the top menu bar.

3.3. Within the “Rewards” section, navigate to the “Coupons” or “Promotions” category. Here, you’ll discover a range of available coupons, referral codes, and promotions.

Step 4: Redeem Your Bybit Coupon

The core of this guide focuses on redeeming Bybit coupons effectively. The specific process may differ depending on the type of coupon or promotion. However, the general procedure remains constant:

4.1. Browse through the list of available coupons and promotions. Each coupon comes with its own set of terms and conditions, so carefully review them before proceeding.

Claim up to $30,030 in Bonus

100x Leverage

4.2. For referral codes, typically, you need to copy the code provided and share it with a friend or another potential Bybit user. Referral codes often provide bonuses to both the referrer and the referee.

4.3. For bonus coupons, simply click the “Redeem” or “Claim” button. The bonus amount will be added to your Bybit account.

Step 5: Use Your Bonus

Now that you’ve successfully redeemed your Bybit coupon, it’s time to put the bonus to use. The bonus amount will be credited to your account, and you can track it within the “Wallet” section on your Bybit dashboard.

Conclusion

Bybit is not only a robust cryptocurrency trading platform but also a provider of valuable opportunities through coupons, referral codes, and promotions. This comprehensive guide ensures that you can make the most of your Bybit experience by helping you sign up, verify your identity, access available coupons, and redeem them effectively. 

Each coupon unlocks a range of benefits in the form of bonuses and discounts, amplifying your cryptocurrency trading journey. Stay informed about Bybit’s dynamic promotions and carefully review the terms and conditions of each coupon to maximize your rewards. Happy trading, and may your Bybit coupons lead you to success in the cryptocurrency market!

Enhance Your Crypto Trading Skills With Our Legends’ Trading Masterclass

Empower your crypto trading skills with our Legends Masterclass. Sign up now and take advantage of our limited-time discount offer! Join the class today.

legends_banner

Bybit exchange ranking: Top Crypto Exchanges Compared via Volume, Trust, and More

?

Bybit is a cryptocurrency exchange that began in March 2018. It’s headquartered in the British Virgin Islands, and Ben Zhou, one of its co-founders and CEO, has been vital to its growth.

Claim up to $30,030 in Bonus

100x Leverage

They are known for working closely with the crypto community. In 2019, they organized a Bitcoin trading competition called the “BTC Brawl.” In 2020 and 2021, they hosted the “World Series of Trading.” They also made sponsorship deals with Red Bull Racing in February 2021 and worked with esports teams like NAVI, Virtus.pro, Astralis, and Alliance in August 2021.

In 2022, Bybit moved its headquarters to Dubai while still operating under Bybit Fintech Limited in the British Virgin Islands. The company’s strength comes from its team of professionals who know about blockchain technology and finance, including folks from big institutions like Morgan Stanley and Tencent. Bybit offers an easy-to-use website with advanced charts from TradingView.

They also have a mobile app for traders who are on the go. Bybit is well-known for its primary offering of “perpetual futures products,” which means traders can use leverage up to 100 times. This makes them a strong competitor against exchanges like BitMEX and Deribit.

People can use Bybit globally, as the platform is available in many languages. However, because of regulations, they can’t provide services to some places, like the USA, Syria, and Quebec in Canada. Bybit has earned a good reputation in the cryptocurrency exchange world.

People like it because it’s focused on safe trading, is easy to use, and has new features. Traders appreciate Bybit’s focus on leverage trading, strong security, and reliable customer support.

bybit exchange

How to Trade on Bybit

  1. Options trading on Bybit
    Options trading on Bybit is unlike the usual buying and selling of cryptocurrencies. It’s more like making agreements for the future. You’re not buying right away. Bybit offers two options: call options, which let you buy at a set price, and put options, which let you sell at a fixed price. These options are used to predict prices or protect yourself from losses.
    Options have an end date. You must use them before that date, or they won’t work. Bybit charges fees for option trading, depending on the deal and how much you trade. Bybit’s platform is designed to be easy to use for options. But be aware that option trading has risks, so it’s essential to understand how it works.
  2. Spot trading on Bybit
    Spot trading on Bybit is like buying and selling digital money right now. It’s not about predicting the future; it’s about owning it instantly. Bybit usually has famous digital coins like Bitcoin and Ethereum for spot trading.
    You can buy or sell at the current price or set your price with limited orders. Bybit is super serious about keeping your money safe, using strong security methods like cold storage. There might be some fees, but Bybit is easy to use, with useful tools. The ability to trade easily depends on the digital coin. The big ones like Bitcoin are usually easier to trade.
    When you buy, you own the digital coins. You can keep them in your wallet or on Bybit.
  3. Futures trading on Bybit
    Bybit allows users to trade cryptocurrency futures contracts. Futures are agreements to buy or sell a specific cryptocurrency at a predetermined price on a future date. Bybit offers a range of cryptocurrencies for futures trading, and traders can go long (buy) if they expect the price to rise or go short (sell) if they anticipate a price decline.
    Bybit’s futures trading features include leverage options, advanced trading tools, and the ability to profit from rising and falling markets. It’s important to note that futures trading involves a higher level of risk due to the potential for leverage, and traders should be well-informed about the market and risk management strategies.

Bybit Exchange Features

1. Bybit’s Leverage
Bybit exchange makes trading easy with its leverage options, boosting traders’ positions. You can choose a leverage ratio from 1x to a powerful 100x, depending on your trading pair. This flexibility caters to both cautious and high-risk traders.
2. Advanced Tools
At Bybit exchange, traders enjoy access to a variety of advanced trading tools. These include market, limit, and conditional orders, making managing your positions easy. These tools empower you to trade with precision and control.
3. Staking
Bybit’s staking program lets users earn rewards by staking specific cryptocurrencies on the platform, adding an extra income stream.
4. Security
Bybit prioritizes security, using cold storage, two-factor authentication (2FA), and robust security measures to safeguard your funds.
5. Customer Support
Contact Bybit through live chat and email for quick help with inquiries and issues.

Bybit Exchange Ranking

1. CoinMarketCap Ranks: By Trading Volume, Liquidity Score, Weekly Score, and Markets & Coin size

Bybit has a trading volume of $1,759,477,825. This big number tells us that many traders trust Bybit to do their business. Bybit’s average liquidity score 649 is important because you can trade without big price swings. Lots of people visit Bybit every week, about 3,669,936 to be exact. This shows that traders like using the platform for spot trading, option trading, and futures trading.

Coinmarketcap Bybit

Bybit offers 676 markets to choose from and lets you trade 456 coins. This variety is great for traders with different interests in the crypto world. Bybit also supports various types of money, like USD, EUR, GBP, and more. This makes it easy for people from different places to start trading.

2. Coingecko Ranks: By Trust Score and Monthly Visits

Bybit’s ranking on Coingecko reflects a highly trustworthy platform with a perfect trust score of 10. This score suggests that Bybit is reliable in cryptocurrency trading.
Monthly visits to the platform are substantial, reaching 15.1 million. This high level of engagement underscores the platform’s appeal to a significant and growing number of users. Bybit’s user-friendly approach and various trading options likely contribute to this extensive user base.

3. Coinranking Ranks: By Exchange Rank and Market Share

Bybit holds the sixth position in the exchange rank. This ranking reflects its popularity and the trust it has garnered within the crypto community. Additionally, Bybit has a market share of 0.78%.

4. Similarweb Ranks: By Global Position

Bybit on Similarweb’s global platform rankings demonstrates its online presence: Globally, Bybit ranks #3,108, indicating a significant digital footprint and visibility on the internet. Within Similarweb’s Finance > Investing category, Bybit reaches a notable #6 rank. This positioning highlights its significance in the financial sector.

Enhance Your Crypto Trading Skills With Our Legends’ Trading Masterclass

Empower your crypto trading skills with our Legends Masterclass. Sign up now and take advantage of our limited-time discount offer! Join the class today.

legends_banner

Conclusion

Bybit’s good rankings on these platforms show that people in the cryptocurrency world like Bybit. It’s known for being safe, having enough money for trading, and offering many different ways to trade. This makes it a reliable pick for traders and investors in cryptocurrencies.
Bybit’s positive rankings on these platforms prove it’s tough and always works hard in digital finance. It’s a good sign that Bybit is a strong and trustworthy option for anyone in the cryptocurrency community.

FAQs

1: Is Bybit a safe place for cryptocurrency trading?
Yes, Bybit is very focused on keeping your cryptocurrency safe. They use strong security techniques to protect your money and information. This includes storing cryptocurrencies safely, using two-factor authentication (2FA) for your account, and regularly checking for security problems.

2: Can people from anywhere use Bybit for trading?
Bybit is open to traders from many different countries. But, there are some places where it can’t provide its services because of rules and laws. For example, because of regulations, it can’t be used by people in the United States, Syria, and Iran. Before you start using Bybit, you should check if it’s available in your area and ensure you follow local rules about trading with cryptocurrencies.

Bybit Fees: How Much Does It Cost to Trade on Bybit?

?

Participating in the global cryptocurrency market is only possible with a cryptocurrency exchange (a digital marketplace where people can buy, sell, and trade cryptocurrencies), and Bybit has risen to become one of the biggest and most trusted crypto exchanges used by over 15 million users worldwide.

Regarded as one of the most reliable crypto exchanges ever to exist, this platform is open 24 hours per day, 365 days per year and it allows users to place orders on numerous cryptocurrencies available for trading on the platform.

In this review, we will be breaking down what the cost of trading on this platform. We will also be breaking down any additional fees we have seen sub-charged from our trading accounts (deposit, withdrawals, makers and takers fees, and more) while testing this Bybit crypto exchange platform.

But before we start delving into the specifics of Bybit fees, let’s first understand what trading fees are and how they work when using a crypto exchange trading platform.

To trade BTC, ETH or over 398 cryptocurrencies with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $30,000 Bonus when you fund your Bybit account with our Bybit link

Claim up to $30,030 in Bonus

100x Leverage

What Are Trading Fees?

Trading fees refer to the charges imposed by cryptocurrency exchanges for executing trades on their platforms. These fees help cover the operational costs of the exchange and can vary based on different factors, such as the type of trade, trading volume, and the fee structure implemented by the exchange.

Trading fees are essential to any cryptocurrency exchange, and Bybit is no exception. As a popular trading platform, Bybit offers a variety of features and services to its users, but it’s crucial to understand the costs involved in trading on the platform.

In this article, we will explore Bybit fees in detail, covering various aspects such as trading fees, maker-taker fee structure, spot trading fees, derivatives trading fees, deposit and withdrawal fees, leverage fees, and funding fees.

By understanding these fees will help you make informed decisions and manage your trading costs on Bybit.

Are you new to the idea of crypto leverage trading? Check out this Guide: A Beginners Guide to Day Trading Cryptocurrency

Understanding Makers and Takers in Trading

To comprehend how Bybit fees work, grasping the concept of makers and takers in trading is crucial. Marketplaces match buy and sell orders through order books, and the maker-taker system classifies these orders to determine trading fees. A maker refers to a trader who adds liquidity to the order book by placing limit orders.

On the other hand, a taker removes liquidity by placing market orders. Bybit charges different fees to makers and takers based on their role in the trading process.

For example, Bybit offers the Market Maker Incentive Program for traders to get up to 0.015% in maker fee rebate.

Bybit Trading Fees: How Do They Work?

Bybit implements a transparent fee structure that aims to provide competitive trading costs to its users. The fee structure consists of maker and taker fees, calculated based on a percentage of the trading volume.

Typically, makers enjoy lower fees than takers since they contribute to the platform’s liquidity. By encouraging liquidity provision, Bybit incentivizes makers with reduced fees.

Understanding Bybit’s Maker-Taker Fee Structure:

bybit-makers-and-takers-fees

Bybit distinguishes between maker and taker fees based on order execution speed. Market orders are taker orders executed immediately.

In contrast, traders place limit orders at a specific price, and the execution occurs when the market price reaches or exceeds the specified limit. The classification of limit orders as maker or taker orders depends on the timing of their execution

  • Taker Fee: Order Value × Taker Fee Rate
  • Maker Fee: Order Value × Maker Fee Rate

Calculating Bybit Spot Trading Fees

Spot trading refers to the buying and selling of cryptocurrencies for immediate settlement. These fees vary depending on the trading pair. Bybit’s fee calculation method is straightforward, ensuring transparency, and it is calculated using the formula below:

Formula:

Trading Fee = Filled Order Quantity x Trading Fee Rate

Example

Suppose the current price of ETH is $30,000. Traders can buy or sell 0.6 ETH with 10,000 USDT.

  • Trader A buys 0.6 ETH using a Market Order with USDT.
  • Trader B buys 10,000 USDT using a Limit Order with ETH.
  • Taker’s Fee for Trader A = 0.6 x 0.10% = 0.0006 ETH
  • Maker’s Fee for Trader B = 10,000 x 0.10%= 10 USDT

After the order is filled:

Trader A buys 0.6 ETH with a Market Order, so Trader A pays a taker’s Fee of 0.0006 ETH. Therefore, Trader A will receive 0.5994 ETH.

Trader B buys 10,000 USDT with a Limit Order, and 0.1% of the maker’s Fee is incurred. Therefore, Trader B will receive 9,990 USDT.

Bybit Derivatives Trading Fees

Besides spot trading, Bybit also offers derivatives, allowing users to trade cryptocurrency contracts, such as perpetual and futures contracts.

Derivatives trading fees on Bybit are structured differently compared to spot trading fees. They are typically calculated based on the notional value of the contract and the type of order placed. Bybit derivatives fee can be calculated using the formula below:

Formula:

Trading Fee = Order Value × Trading Fee Rate

Order Value = Quantity / Executed Price

For example, Trader A buys 5,000 ETHUSD contracts using a Market Order. Trader B sells 5,000 ETHUSD contracts using a Limit Order. If the execution price is $40,000:

  • Taker fee for trader A = 5,000/40,000 × 0.06% = 0.000075 ETH
  • Maker fee for trader B = 5,000/40,000 × 0.01% = 0.0000125 ETH

Upon execution, Trader A will pay a taker’s Fee of 0.000075 ETH. Trader B will pay a maker’s Fee of 0.0000125 ETH.

Deposit and Withdrawal Fees on Bybit

Currently, no deposit fees are associated with trading cryptocurrencies on the Bybit platform. However, Bybit applies charges for withdrawals. These fees are typically imposed to cover the transaction costs of transferring cryptocurrencies from the Bybit platform.

The withdrawal fees vary depending on the specific cryptocurrency and its blockchain network. Bybit provides transparent information regarding these fees on its platform.

Understanding Bybit Leverage Fees

Bybit allows users to trade with leverage, enabling them to amplify their trading positions. However, it’s important to note that leverage trading involves additional costs in the form of leverage fees. Bybit charges funding fees for positions held using leverage.

These fees are applied periodically to compensate traders with positions in the opposite direction, balancing the market. The funding fees are determined based on the interest rate differential between long and short positions.

By accessing the funding fees section on Bybit’s website, traders can stay informed about the current rates and understand how they impact their trading costs. Traders must factor in these fees when considering leverage trading on Bybit to ensure a comprehensive understanding of the overall costs involved.

How Do These Fees Affect Your Trading ROI?

By accessing the fee schedule and funding fees section on Bybit’s platform, traders can optimize their strategies and maximize their potential returns.

Regularly reviewing and analyzing the fee structure is recommended, as it may be subject to changes based on market conditions and exchange policies.

Bybit is still one of the leaders in the industry when it comes to giving users very competitive fee structures on their platform

Claim up to $30,030 in Bonus

100x Leverage

In Conclusion

Bybit offers a comprehensive fee structure covering various trading aspects on its platform. Understanding these fees is essential for traders to manage their trading costs and make informed decisions effectively.

Bybit’s transparent fee schedule, including maker-taker fees, spot trading fees, derivatives trading fees, deposit and withdrawal fees, leverage fees, and funding fees, provides traders with the necessary information to calculate their expenses accurately.

Traders should consider their trading volume, the type of orders they place, and the specific cryptocurrencies they trade when calculating their fees.

If you are interested in learning more about how Bybit operates and how you can take the next step to sign-up and use this crypto exchange, check out this Beginner Guide: A Step-by-Step Tutorial on Leverage Trading on Bybit