Bybit Referral Fee 20% Discount
For users who are new to Bybit, the first thing to check is whether the 20% referral fee discount is applied. Bybit is a major global cryptocurrency exchange with a large user base, and fees are charged for every trade.
As trading volume increases, the accumulated fee burden can also grow. Especially for users who frequently trade short-term or engage in repeated transactions, the fee-saving effect from using a referral code can be substantial over time.
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The 20% referral fee discount is available to all new users during account registration, either by entering a referral code or signing up via a referral link. Once the account is created, the referral code cannot be changed, so you must confirm that the code has been correctly applied during the registration process.
This discount provides continuous savings across various types of trading such as spot, margin, and futures trading methods, making it an essential setting that should not be overlooked when starting with Bybit.
Bybit Registration
Bybit registration is simple, but it includes key steps that determine account stability and trading convenience. Referral settings, security configurations, and identity verification must be completed immediately after registration.
1. Access the Official Website
To avoid phishing or fake domains, always access the official Bybit website or a trusted referral link. Using a referral link automatically applies the 20% referral fee discount, making it even more convenient.
2. Enter Email or Phone Number
On the registration page, enter your email address or mobile number. After receiving a verification code, enter it to proceed. Email registration is commonly used due to its high verification stability.
3. Set Your Password
Your Bybit password must meet the following security requirements:
At least 8 characters
Includes numbers
Includes uppercase letters
For security reasons, avoid using the same password as other platforms.
4. Complete Account Creation and Required Steps
Even after the basic account is created, you must complete the OTP setup method and identity verification method (KYC) to use deposits, withdrawals, and trading features.
Bybit OTP Setup Method
OTP is one of the most important security features for protecting your Bybit account. OTP authentication is required for essential actions such as login, withdrawals, and security modifications, greatly enhancing account protection.
1. Go to the Security Menu
After logging in, click the profile icon at the top and navigate to the Security menu. Here, you can configure two-factor authentication (2FA).
2. Select Google Authenticator
Install the Google Authenticator app on your smartphone. Scan the QR code displayed on the Bybit screen to link your account with the app.
3. Backup the Recovery Code
The recovery code provided during OTP registration is extremely important. If your smartphone is lost or the app is deleted, you will need this code to recover OTP access. Store it securely in a safe location.
4. Complete OTP Verification
Enter the six-digit code generated in Google Authenticator to complete the OTP setup. From then on, OTP verification will be required for all major account activities.
Bybit Identity Verification Method
The Bybit identity verification method (KYC) is a mandatory process required to lift account restrictions and activate withdrawal and trading features.
1. Go to the Identity Verification Menu
In the profile menu, select Identification to begin the verification procedure.
2. Enter Personal Information
Enter your name, date of birth, address, and other required details. All information must match your official ID.
3. Submit Identification Documents
Upload a passport, driver’s license, or other government-issued ID. Submitting a clear, high-quality photo increases the approval speed.
4. Facial Recognition
Using the Bybit app or a webcam, complete the facial verification process. Follow the on-screen instructions carefully.
5. Wait for Approval
Most verifications are approved within 5 minutes to 1 hour. Once approved, all deposit, withdrawal, and trading functions can be used normally.
Bybit Futures Trading Method
The Bybit futures trading method allows traders to take long or short positions using leverage. While potential profits can be high, so are the risks, making it essential to understand the fundamentals thoroughly before trading.
1. Transfer Assets to the Futures Wallet
To start futures trading, transfer assets from your spot wallet to your futures wallet. Only the assets in the futures wallet can be used to open positions.
2. Select Trading Pair and Leverage
Choose the futures trading pair you want. Then select a long (expecting a rise) or short (expecting a decline) position, and adjust your leverage. Beginners should start with low leverage.
3. Choose an Order Type
Bybit futures trading supports two main order types:
Limit Order: Executes at the price you set
Market Order: Executes immediately at the market price
4. Open and Close Positions
Enter the amount and confirm the order to open a position. Monitor unrealized profit/loss, liquidation price, and maintenance margin, then close the position at an appropriate time.
Final Notes
For users starting Bybit for the first time, understanding the 바이비트 추천인 fee discount, registration process, OTP setup method, identity verification method, and futures trading method is the first step toward building a stable trading environment. By mastering these fundamentals, you can reduce unnecessary risks and create a safer, more efficient trading setup.