Bybit Guide: Signup, Fees, Trading, and Key Risks

Key Answers Before Using Bybit

Bybit is a digital asset trading platform offering spot and derivatives trading, automated trading, and more. When deciding whether to use it, check not only whether you can sign up, but also the conditions for your place of residence, KYC requirements, actual fees, deposit and withdrawal support, and the risks of margin, liquidation, and custody. This article summarizes the criteria for making that decision and the platform’s key features, and links to detailed practical guides.

Verification Criteria and Official Sources

Updates and re-verification of key rules: October 22, 2026 (KST). Fees, KYC, restricted countries, orders/liquidation, AMR, funding, phishing codes, and the incident/regulatory materials below were cross-checked. Individual account benefits, real-time specifications and reserve ratios for all products, and hands-on trading experience have not been verified. The 20% and 90-day conditions shown on a past sign-up screen could not be confirmed as currently valid, so check the actual sign-up screen and My Fee Rate before proceeding.

The source links above are unaffiliated links provided for information verification. The sign-up links in this article may contain an affiliate identifier, and CoinPop may receive compensation when eligible users sign up or trade.

Notice about the example of the previous screen: The screenshots retained in this article are for reference to the past UI. The bonuses, returns, currencies, products, promotions, and figures shown do not represent current terms or verified performance. Recheck current regional availability, product terms, and fees in the official information and your account. The image description was corrected to match the features actually visible, but the image file itself was not replaced.

Related CoinPop Guides

Bybit is a global digital asset trading platform founded in 2018. It offers spot and perpetual/expiry futures, options, a Unified Trading Account (UTA), trading bots, copy trading, Earn, APIs, and more.

This article covers key information on account creation and KYC, deposits and withdrawals, trading fees, futures trading, automated trading, and risk management.

For step-by-step instructions for each screen when creating a new account, also read PC and Mobile Sign-Up Steps and How to Check Codes and KYC. It explains the difference between creating an account, completing verification, and having benefits actually applied.

The products actually available to you and the maximum leverage may vary depending on your region of residence, account verification status, trading contract, and Risk Limit, so check your account screen and the latest official information before trading.

Check Usage Conditions and Current Screens Before Signing Up

Important notice before use: The Financial Services Commission’s notice dated October 13, 2026 warns of access blocks for unregistered businesses operating in Korea and the risk of limited recourse for victims. An exchange’s own restricted list is separate from whether it is registered and legally permitted to operate in Korea. This article does not confirm whether Bybit is subject to such a block or determine the legality of individual use. Check Korean registration status and access/transfer policies separately, and do not circumvent restrictions.

1. Bybit Overview and Conditions to Check Before Use
2. Sign-Up, KYC, and Account Security
3. Trading Fees, Funding Fees, and Calculating Actual Costs
4. Deposits, Withdrawals, and Network Checks
5. Order, Margin, and Liquidation Structure
6. Security Incident History, Proof of Reserves, and Limitations
7. Trading Bots and Copy Trading
8. Risk Management, Position Sizing, and Delta Neutrality
9. Advanced Features: AI Subaccounts and TradFi Products
10. Frequently Asked Questions and Troubleshooting
11. Key Terms Glossary
12. Final Checklist and Conclusion

1. Bybit Overview and Conditions to Check Before Use

Bybit is a global digital asset trading platform founded in 2018 and one of the major exchanges with high trading volume and liquidity, particularly in cryptocurrency derivatives such as perpetual contracts.

As of 2026, Bybit offers a range of features on a single platform, including spot trading, USDT- and USDC-based derivatives, inverse contracts, options, a Unified Trading Account (UTA), Trading Bot, Copy Trading, Earn, and API-based automated trading.

Therefore, rather than viewing Bybit simply as a “Bitcoin futures exchange,” it is more accurate to see it as a global trading platform that integrates spot and derivatives trading, automated trading, and asset management features.

Bybit’s Position in the Global Market

Cryptocurrency exchange rankings vary depending on the rating organization and the time of measurement.

This is because the evaluation criteria differ, including:

24-hour spot trading volume
Derivatives trading volume
Open Interest
Liquidity
Number of trading pairs
Web traffic
Reserves
Trust score

Therefore, it is not appropriate to consistently describe Bybit as “the world’s second-largest derivatives exchange.”

However, as of 2026, the most defensible description is that Bybit is one of the world’s top-tier cryptocurrency exchanges by trading volume.

Bybit Futures data from CoinGecko also shows that Bybit records daily derivatives trading volume worth billions of dollars and substantial Open Interest, and is classified as a major exchange in the global derivatives market.

In other words, rankings change with market conditions, but it is clear that Bybit has secured significant liquidity and trading volume in global derivatives trading.

Why Liquidity Matters in Derivatives Trading

When choosing a futures exchange, simply looking at the number of supported coins is not enough.

In derivatives trading in particular, liquidity is directly linked to actual trading costs.

In highly liquid markets, generally:

Bid-Ask spreads narrow
Price impact from large orders decreases
The likelihood of execution near the desired price increases
It is easier to reduce the risk of slippage on market orders.

Conversely, in trading pairs with insufficient liquidity, there may be a large gap between the displayed market price and the actual average execution price.

Therefore, users taking large positions or scalping over short time frames should check not only the exchange’s overall trading volume, but also the order book depth and trading volume of the asset they actually plan to trade.

100,000 TPS Matching Engine

On its official sign-up and product information pages, Bybit states that its matching engine, part of its trading infrastructure, can process up to 100,000 transactions per second (official designation: 100k TPS Matching Engine).

A matching engine is the core system that connects users’ orders with opposing orders in the order book to execute trades.

For example:

Market buy
Limit Sell
Stop Order
Liquidation Order

When these and other orders occur simultaneously in large volumes, the matching engine must process a very large number of requests quickly.

In particular, in cryptocurrency markets, the volume of orders can surge within a short period when CPI, FOMC, or ETF-related news coincides with a spike in volatility, a large-scale liquidation (Liquidation Cascade), or large market orders.

For this reason, a matching engine’s processing capacity is one of the key infrastructure metrics for a trading platform.

100k TPS Does Not Mean “Perfect Execution at All Times”

High system throughput is an advantage from an infrastructure perspective, but actual order execution is also affected by the following factors.

Market liquidity
Order book depth
Network latency
Order type
Market volatility
Trading volume
The user’s internet connection
Liquidity of the relevant trading pair

Therefore, no exchange can guarantee immediate execution at a specific price under all market conditions.

Market orders are more likely to be executed, but in rapidly changing markets, they may consume multiple price levels and execute at a less favorable price than expected.

In other words, high TPS is a measure of system processing capacity, not a guarantee that slippage will not occur.

24/7 Cryptocurrency Derivatives Markets

Unlike traditional financial markets, cryptocurrency markets operate 24 hours a day, including weekends and public holidays.

This makes the stability of trading platforms and their order infrastructure even more important.

Bybit also operates so that major cryptocurrency spot and perpetual futures products can be traded 24 hours a day.

However, specific products may be subject to system maintenance, network maintenance, or separate trading hours by market, so it should not be assumed that all financial products are traded in the same way around the clock without exception.

Bybit’s Features for Korean Users

Korea’s leading KRW exchanges include:

Upbit
Bithumb
Coinone
Korbit

These exchanges focus on spot trading using the Korean won (KRW).

By contrast, Bybit is built for global markets and offers a broader range of trading features, including:

USDT Perpetual Futures
USDC-based derivatives
Expiry Futures
Options
Long/Short positions
Leverage
Cross Margin
Isolated Margin
Portfolio Margin
Trading Bot
Copy Trading
API automated trading

Therefore, domestic KRW spot exchanges and Bybit serve different roles rather than being platforms with exactly the same purpose.

Some users may use domestic exchanges for KRW deposits and withdrawals and spot asset purchases, while separately considering an overseas platform such as Bybit when they need global derivatives or other supported features.

Unified Trading Account (UTA)

One of Bybit’s key account structures is the Unified Trading Account.

UTA is designed to manage multiple trading products and collateral assets in a more integrated way within a single account.

Through UTA, Bybit users can manage the following, subject to applicable support conditions:

Spot
Spot Margin
USDT Perpetual
USDC Perpetual
Expiry Futures
Options

These products can be managed through a single account system.

Cross Margin or Portfolio Margin may also allow various supported assets to be used as collateral.

This can reduce the inconvenience of repeatedly transferring spot and derivatives assets between separate wallets and improve capital efficiency.

However, each collateral asset may have a different Collateral Value Ratio, and derivatives losses can also affect collateralized spot assets, so UTA should not be regarded as a “risk-free unified account.”

Key Products Available on Bybit

Spot

A spot market where users buy or sell actual cryptocurrencies.

USDT Perpetual

Perpetual futures contracts that use USDT for settlement and as the margin asset.

One of the most commonly used types of derivatives on Bybit.

USDC Contracts

Derivatives that use USDC.

Check the current product list for supported perpetual, expiry, and options products.

Inverse Contracts

A contract structure that uses BTC or another supported cryptocurrency itself as the margin and settlement asset.

Options

Derivatives that trade the right to transact in a specific asset under specified price conditions in the future.

Their structure is more complex than simple Long/Short futures, and users need to understand concepts such as volatility, expiry, strike price, and Greeks.

Bybit Is Not Suitable for Everyone

The fact that Bybit offers a wide range of features does not mean it is a necessary platform for every investor.

Its features may be overly complex for the following users.

Long-term investors who only buy and hold BTC spot
Users who do not use leverage at all
Users who only need domestic KRW trading

By contrast, the following users may find Bybit’s features relatively useful.

Perpetual futures traders
Users who trade both Long and Short positions
Scalpers
Users who employ hedging strategies
API automated trading users
Trading Bot users
Users who want to manage spot and derivatives together

The Most Important Criteria for Understanding Bybit

When evaluating an exchange, simply looking at its ranking as “one of the world’s top exchanges” is not enough.

The following factors may matter more in actual trading.

Liquidity of the desired trading pair
Maker/Taker fees
Funding Rate
Order book depth
Order types
API performance
System stability
Asset protection features
Deposit and withdrawal networks
Whether the service is available in the user’s country of residence

Therefore, the most reasonable approach is to evaluate Bybit based on the features needed for your intended use.

A Framework for Understanding Platform Features and Structure

Professional traders do not choose an exchange based solely on brand recognition or signup promotions.

Especially in derivatives trading:

Liquidity + fees + order functions + margin system + trading infrastructure + risk management features

These can directly affect actual performance.

Bybit’s key features should also be evaluated from this perspective.

Leverage: Dynamic Leverage that Varies by Instrument and Position Size

As of 2026, Bybit's official documentation states that the maximum leverage for USDT Perpetual and Futures varies depending on the contract and Risk Limit Tier.

In other words, the same 100x or 125x leverage is not available across all futures contracts.

Risk Limits and Maximum Leverage

Bybit uses a Risk Limit system based on Dynamic Leverage.

The core principle is:

As position size increases, the maximum available leverage may decrease.

For example, Bybit's official explanation of Risk Limits uses a BTCUSDT contract with 90x leverage to illustrate how leverage must be reduced to increase an order beyond the maximum position value permitted in that Risk Tier.

In other words, maximum leverage varies depending on the following factors:

Trading pair
Contract type
Current Risk Limit Tier
Existing position size
Active order size

Therefore, rather than answering the question “What is the maximum leverage on Bybit?” with a single number, it is more accurate to explain that you need to check the current Risk Limit table for the contract you intend to trade.

Some Products Have Lower Maximum Leverage

Not all derivatives offer the same maximum leverage as BTCUSDT.

For example, the BITOUSDT Perpetual Contract, listed in July 2026, launched with maximum leverage of 25x, according to Bybit's official announcement.

This shows that maximum leverage can vary significantly depending on the asset and product.

Smart Leverage Should Be Distinguished from Standard Futures Leverage

In 2026, Bybit also offers Smart Leverage products that support up to 200x leverage on certain tokens.

However, this is not the same product as the leverage settings for standard USDT Perpetual contracts.

Smart Leverage is a separate structured financial product with features such as:

A fixed Term
Breakeven Price
Settlement Price
Early redemption

and other distinct product features.

Therefore, the statement “200x is available on Bybit” should not be confused with the maximum leverage for standard futures trading.

How Should Leverage Limits for New Accounts Be Understood?

The leverage available on Bybit varies depending on account verification status, region of residence, the maximum for each trading contract, Risk Limits, and position size.

The same maximum leverage is not guaranteed for all users immediately after registration, so check the order screen and the Risk Limit table for the relevant contract to confirm the currently applicable value before trading.

What High Leverage Means for Capital Efficiency

Using leverage can reduce the initial margin required to open the same position.

For example, for a 10,000 USDT position, simplified:

2x → approximately 5,000 USDT initial margin
5x → approximately 2,000 USDT
10x → approximately 1,000 USDT
20x → approximately 500 USDT

This gives you a general idea.

However, as leverage increases:

The liquidation price moves closer
P&L fluctuations become larger relative to the margin
Small price movements can have a greater impact on the account.

Therefore, “maximizing capital efficiency” should not be presented as an unqualified benefit.

System Performance Does Not Prevent Slippage

Slippage is caused not only by exchange server performance, but also by order book liquidity.

For example, if the sell-side orders are:

Order book example: 100,000 USDT — 0.1 BTC

Order book example: 100,100 USDT — 0.2 BTC

Order book example: 100,300 USDT — 1 BTC

then a market buy for 1 BTC cannot be filled entirely at 100,000 USDT, no matter how fast the matching engine is.

Therefore, matching engine speed and slippage may be related, but they are not the same thing.

Capital Efficiency Through the Unified Trading Account

Another structural feature of Bybit is its UTA.

UTA is designed to let users access multiple trading products and supported collateral assets within a single account system.

In Cross Margin or Portfolio Margin, positions can be managed using the combined collateral value of multiple supported assets.

This can improve capital efficiency for users managing multiple derivatives at once or combining spot positions with hedges.

However, greater capital efficiency can also mean that the risks of multiple positions become interconnected.

What Is the Travel Rule?

The Travel Rule is a regulatory framework for anti-money laundering (AML) that requires virtual asset service providers (VASPs) to verify and transmit sender and recipient information for certain virtual asset transfers.

Following the FATF's recommendation to apply the Travel Rule to virtual asset service providers, various countries have implemented it according to their own laws and standards.

South Korea's virtual asset Travel Rule system has also been in effect since 2022.

In South Korea, the “KRW 1 million or more” threshold should be explained carefully

In South Korea, it is generally understood that Travel Rule verification procedures apply to virtual asset transfers worth KRW 1 million or more.

However, this should not be described as:

“Because it is linked to Bybit, you can freely transfer KRW 1 million or more without any procedures.”.

Whether a transfer can actually be made depends on:

The domestic exchange being used
The overseas exchange involved
Whether account-holder verification services are supported
The coin
The network
The identity information for the sending and receiving accounts
The exchange policies in effect at the time

and other factors.

Upbit's Account-Holder Verification System

Upbit operates an account-holder verification service based on VerifyVASP.

When making a deposit to Upbit from an overseas exchange, the deposit may be credited successfully after verifying that the following information matches between the sending exchange account and the Upbit account:

Name
Date of birth

and other information.

Upbit maintains a separate list of supported VASPs, and this list may change.

Therefore, when transferring funds between Bybit and Upbit, the most accurate approach is to check Upbit's latest list of supported exchanges on the day of the transfer.

Separate Checks Are Also Needed for Bithumb, Coinone, and Others

Support for asset transfers between Bybit and domestic exchanges, as well as account-holder verification methods, varies by exchange and may change.

Before transferring funds from Upbit, Bithumb, Coinone, or another domestic exchange to Bybit, or withdrawing from Bybit, check the latest list of Travel Rule-supported VASPs and identity verification requirements published by the domestic exchange you use.

Matching Identity Information Is Important

Matching KYC information is essential for account-holder verification between a domestic exchange and Bybit.

In particular:

Full name
English name
Date of birth

If these details differ, additional verification may be required during deposits or withdrawals, or processing may be delayed.

Therefore, before transferring assets, it is advisable to check that your identity information is registered identically with the domestic exchange and Bybit.

The Travel Rule Does Not “Guarantee” the Safety of Transfers

Travel Rule integration is a regulatory system for preventing money laundering and verifying account ownership.

Therefore, it should not be interpreted as meaning:

“Asset transfers are safe because this exchange is integrated with the Travel Rule.”

Users must still:

carefully verify the following:

Coin
Network
Deposit address
Tag/Memo
Minimum deposit amount

A mistake such as using the wrong address or network may not be automatically prevented by the Travel Rule.

The practical flow of asset transfers for Korean users

When Korean users use Bybit, the typical asset transfer process can be understood as follows.

Deposit KRW to a domestic exchange

Buy a cryptocurrency that can be transferred
Check the deposit address on Bybit
Check whether the domestic exchange supports Bybit
Verify the Travel Rule and account ownership
Check the coin, network, and Tag
Send a small test transfer if possible
Confirm the deposit on Bybit
Convert to the desired trading asset
Trade spot or derivatives
Summary of Bybit's main advantages

As of 2026, Bybit's strengths are best understood as the result of combining multiple trading infrastructure components, rather than any one specific feature.

Area	Features
Markets	Global spot and derivatives
Derivatives	Derivatives: Perpetual, Futures, Options
Account structure	Unified Trading Account (UTA)
Leverage	Dynamic Leverage by contract and Risk Tier
Orders	Market, Limit, Conditional, TP/SL, and more
Automation	Automation features: Trading Bot, Copy Trading, API
Infrastructure	Matching engine rated at 100k TPS, according to official information
Margin	Margin modes: Isolated, Cross, Portfolio Margin
Asset management	Supports Earn and more
Korean users	Check Travel Rule support for each domestic exchange

Conclusion: Look at the actual trading environment, not the rankings

As of 2026, Bybit is a major trading platform with significant trading volume and liquidity in the global cryptocurrency market.

Categorical claims such as “No. 2 in the world,” “unlimited 125x leverage available from a new account,” “execution guaranteed without delays even in volatile markets,” and “automatic transfers of over KRW 1 million to domestic exchanges” may be inaccurate depending on market conditions, contracts, Risk Limits, account status, regulations, and exchange policies.

For a more accurate assessment, compare the following together:

For a more accurate assessment:

Liquidity, fees, leverage by contract, UTA structure, order features, risk management systems, deposit and withdrawal compatibility

Example of the screen for buying USDT with HKD on Bybit P2P (previous interface)

Example of the USD and USDT purchase screen on Bybit One-Click Buy (previous interface)

Example screen of buying USDT with HKD on Bybit P2P (previous interface)

Example screen of buying USD and USDT with Bybit One-Click Buy (previous interface)

You can find more details in How to Choose Between Bybit and Bitget.

As of 2026, Bybit broadly divides personal identity verification into:

Standard

Advanced

Pro
three levels.
Pro

KYC requirements by level

According to Bybit’s official guidance, at least Standard-level Identity Verification is a basic requirement for using Bybit products and services. Additional verification may be required depending on the product or region.

Main requirements

Standard	Identity Assessment + Proof of Identity (POI)
Advanced	Additional Proof of Address (POA)
Pro	Additional Enhanced Due Diligence
Basic verification: Standard Verification	Most individual users will first complete Standard verification.

Standard verification typically requires:

Personal information

Government-issued ID

Facial verification
Identity Assessment
and other items.
Standard KYC withdrawal limit

As of 2026, according to Bybit's official KYC FAQ, the maximum cryptocurrency withdrawal limit for a Standard Verification non-VIP individual account is:

Standard KYC withdrawal limit

This is the stated limit.

Up to 1,000,000 USDT equivalent per day

However, the amount that can actually be withdrawn may vary due to security reviews, account status, token-specific withdrawal limits, and other factors.

Advanced verification: Advanced Verification

However, the actual amount available for withdrawal may vary due to security reviews, account status, withdrawal limits for each token, and other factors.

Acceptable documents may vary by country and Bybit's current requirements, but generally include:

Advanced verification requires Proof of Address (POA), meaning proof of residence, in addition to Standard verification.

Bank statements

Government-issued proof of residence
Other address verification documents
These may be used.
Documents must meet Bybit's requirements for issue date, name, and address.

Advanced/Pro withdrawal limits

The standard maximum daily withdrawal limit for non-VIP Advanced/Pro Identity Verification is:

Advanced/Pro Withdrawal Limit

This is the stated limit.

Worth 2,000,000 USDT

For example, Bybit's official guidance for 2026 states that higher daily withdrawal limits, ranging from several million to tens of millions of USDT, may be available to top-tier VIP and Pro accounts.

Higher withdrawal limits may be available depending on your VIP or Pro tier.

For example, Bybit’s official 2026 guidance states that higher daily withdrawal limits of several million to tens of millions of USDT may be available to top-tier VIP and Pro accounts.

Therefore, users managing large amounts of capital should consider their:

KYC level
VIP level
Configured personal withdrawal limit

together.

Step-by-step KYC verification process

Step 1: Go to the Identity Verification menu

In the Bybit app or on the website:

Identity verification menu path: Profile → Account & Security → Identity Verification

Go to the relevant menu.

The menu name and location may change with app updates.

Step 2: Start Standard Verification

Select Standard Verification or Verify Now.

Select your actual country of residence and the country that issued your ID accurately.

Step 3: Select an identity document

Choose one of the identity document types currently supported by Bybit.

Supported documents may vary by country, so refer to the list displayed on the actual verification screen.

Common examples include:

Passport
Government-issued ID
Driver's license

and other documents may be supported.

Rather than assuming that one particular document is always more likely to be approved than another, it is important to use an official document with clear information and a valid expiration date.

Step 4: Photograph your identity document

To reduce the chance of verification failure, check that:

The entire document is within the frame
None of the edges are cut off
The text is clear
There is no glare
The photo has not been excessively edited
The document has not expired

Step 5: Face verification

After submitting your identity document, you may be asked to complete biometric face verification or a Liveness Check.

In that case, it can help to:

Remove your mask
Remove your sunglasses
Remove any hat that covers your face
Use a well-lit area
Clean the camera lens

These steps can help.

Step 6: Check the review result

Automated verification may be completed quickly, but approval within 2–5 minutes cannot be guaranteed every time.

Processing times may vary depending on the user's information, document quality, and whether additional review is needed.

Common reasons for KYC failure

Identity document information is blurry
Part of the identity document is cut off
Document has expired
Glare
Information entered does not match the identity document
Unsupported document used
Face verification failed
Proof of address does not meet the requirements

If you fail repeatedly, check the reason for the failure first rather than continuing to submit the same photo.

If you plan to transfer assets between a domestic exchange and Bybit

If you plan to transfer assets from a Korean exchange to Bybit, it is important that your Bybit KYC information exactly matches your personal information on the domestic exchange.

In particular, differences in the following may require additional steps during Travel Rule verification:

English name
Date of birth
Identity information

and other details.

KYC privacy protection

Submit your identity document only through the verification screen in the official Bybit app or on the official website.

If you are asked to send your identity document via a messaging app, email, or social media, be sure to verify that the request is from official support.

For details, see PC and mobile sign-up and KYC procedures.

For details, see Checking existing accounts, verification, and account security.

3. Trading Fees, Funding Fees, and Calculating Actual Costs

For high-frequency and leveraged trading, fees are not merely incidental costs. The more trades you make, the more directly they affect your long-term net returns.

In futures trading in particular, trading fees are calculated based on the notional value of the executed position, not the initial margin actually put up by the user. As a result, the higher the leverage, the greater the fee burden may feel relative to the margin.

Why fees increase in leveraged trading

Bybit's standard futures trading fees are divided into Maker and Taker fees.

According to Bybit's official fee information as of 2026, the standard rates for general Non-VIP perpetual and futures trading are as follows.

Category	Standard fee rate
Maker	0.020%
Taker	0.055%

The fees actually charged may vary depending on the user's VIP level, trading product, region, promotions, and other factors. After logging in, the most accurate reference is the My Fee Rate screen.

Basic fee formula

The basic calculation of futures trading fees can be understood as follows.

Trading fee = executed position value × applicable fee rate

For example:

Initial margin: 1,000 USDT
Leverage: 10x
Position size: 10,000 USDT
Taker fee rate: 0.055%

Assume the following.

The entry fee is: 10,000 × 0.00055 = 5.50 USDT.

If you close the same position size at market price while the price has barely changed, you may incur a Taker fee of about 5.50 USDT when closing as well.

Therefore, the simple round-trip trading cost is: about 11 USDT. This is equivalent to about 1.1% of the initial 1,000 USDT margin.

Leverage does not increase the fee rate

The important point is that leverage itself does not increase the fee rate by 10 or 100 times.

The fee rate stays the same, but using leverage to create a larger position increases the notional value used to calculate the fee.

For example, even with the same 1,000 USDT margin:

Leverage	Position size	0.055% Taker entry fee
1x	1,000 USDT	0.55 USDT
5x	5,000 USDT	2.75 USDT
10x	10,000 USDT	5.50 USDT
20x	20,000 USDT	11 USDT
50x	50,000 USDT	27.50 USDT

It becomes.

Therefore, fee management is even more important for traders who use high leverage and take on large position sizes.

How fees accumulate in high-frequency trading

A cost of around 5–10 USDT on a single trade may seem small.

However, the situation changes when you repeat the same type of trade.

For example, if the round-trip trading cost is 11 USDT:

10 trades → about 110 USDT
100 trades → about 1,100 USDT
1,000 trades → about 11,000 USDT

in costs may be incurred.

This is a simplified example that excludes price fluctuations, VIP tiers, the proportion of Maker orders, funding fees, and other factors, but it shows that small fee differences can add up to a substantial difference over the long term in scalping and high-frequency trading.

Example calculation with a 20% fee discount

Suppose the account actually receives a 20% trading fee discount through the COINPOP partner signup link.

If the basic Taker fee is: 0.055% then the simple calculation after a 20% discount is: 0.055% × 0.80 = 0.044%.

The entry fee for a 10,000 USDT position is: Standard: 10,000 × 0.055% = 5.50 USDT; Assuming a 20% discount: 10,000 × 0.044% = 4.40 USDT

Difference: about 1.10 USDT. Assuming, for simplicity, that entry and exit are under the same conditions, the round-trip savings are about: 2.20 USDT.

Example of fee discount impact by trading volume

Assuming the same 20% discount applies:

One-way position notional value (assuming entry and exit are the same)	Simple round-trip cost at the standard 0.055% Taker rate	Assuming the 20% discount is actually applied	Difference
10,000 USDT	About 11 USDT	About 8.80 USDT	About 2.20 USDT
100,000 USDT	About 110 USDT	About 88.00 USDT	About 22.00 USDT
1,000,000 USDT	About 1,100 USDT	About 880 USDT	About 220 USDT
10,000,000 USDT	About 11,000 USDT	About 8,800 USDT	About 2,200 USDT

Actual fees vary depending on the position value at entry and exit, Maker/Taker status, VIP tier, and other factors.

Therefore, this table is an example to illustrate the effect of the discount.

Using Maker orders can reduce costs further

Fee savings do not end with a referral discount.

For Bybit standard futures, when the basic Maker fee is 0.020% and the Taker fee is 0.055%, using Maker orders itself can make a big difference.

For example, for a 100,000 USDT position:

Taker:

100,000 × 0.055%

= 55 USDT

Maker:

100,000 × 0.020%

= 20 USDT.

That is a difference of 35 USDT on a single fill.

Therefore, high-frequency traders should use the following together:

Limit Order
Post Only
Maker fills
VIP Fee Tier
Partner fee discount

COINPOP Bybit fee discount signup link

If you want to receive a fee discount through the COINPOP partner link when signing up for a new Bybit account, you can use the link below.

Referral code: COINPOP

Signup link:

https://partner.bybit.com/b/COINPOP

Or visit the COINPOP information page:

https://coinpopbit.com/bybit-link

After signing up, it is recommended that you check the actual fee rate applied to your Bybit account under My Fee Rate.

End of the 30,000 USDT welcome reward and how to check current promotions

Information updated on September 30, 2026: According to Bybit’s partner program information, the welcome reward of up to 30,000 USDT (deposit and trading rewards) previously offered on some partner signup pages has ended. This reward is not advertised as available to new partner signups.

Other partner campaigns and user rewards may be offered subject to each campaign’s terms. Trading fee discounts and welcome rewards are separate, and when participating in other promotions, you should check each of the following conditions:

New signup status
Net deposit amount
Trading volume
Campaign period
Participation registration
Eligible countries
Account status

Actual eligibility for payment and the maximum reward amount may vary depending on factors such as these.

The discontinued 30,000 USDT welcome reward should not be considered a current signup benefit. Do not assume that other discounts, cashback, or rewards are fixed benefits automatically provided to all signups; check the terms of the current campaign.

The most reliable approach is to check the current terms on the COINPOP information page and the Bybit signup screen before participating.

Distinguish between the general referral program and partner discounts

Bybit has a Referral Program that allows regular users to invite friends.

The commission paid to a referrer under the standard Referral Program is not the same as the partner fee discount received by the signup themselves.

Therefore, you should distinguish between:

Commission received by the referrer
Trading fee discount received by the new signup
Welcome bonus
Deposit promotion
Separate COINPOP cashback

and check each separately.

Key Takeaways on Fee Discounts

To minimize trading costs, it is most efficient to proceed in the following order.

Check Your Actual My Fee Rate
Understand Maker and Taker Fees
Use Limit/Post Only Orders Where Possible
Reduce Excessive Market Orders
Check VIP Tier Requirements
Check Whether Partner Discounts Apply When Signing Up
Calculate Total Trading Costs, Including Funding Fees

For high-frequency and highly leveraged traders, even a fee difference of a few basis points can create a significant cost difference over the long term.

Calculation assumptions for the table: If a one-way position with a notional value of 10,000 USDT is opened and closed at the same size, the total notional value of the two-way executions is 20,000 USDT. Applying the base Taker fee of 0.055% twice results in a cost of 11 USDT; assuming an actual 20% discount applies, the cost is 8.8 USDT. This is an example of the calculation, not confirmation of a current benefit, and excludes funding, bid-ask spreads, slippage, and other costs. Official base fee schedule

Funding fees are separate from trading fees. Check the cycle, direction, and current rate for each trading pair. Official funding fee calculation and settlement terms

For more details, see the detailed fee guide distinguishing spot, futures, and funding.

4. Deposits, Withdrawals, and Network Checks

Rather than simply saying that Korean users cannot deposit KRW directly into Bybit, it is more accurate to distinguish between Fiat Deposit options actually supported by the current account and domestic KRW payment methods.

As of 2026, Bybit offers Fiat Deposit functionality for several fiat currencies, but supported currencies and payment methods vary by country, region, and account.

Therefore, do not assume that you can transfer KRW directly from a South Korean bank account to your Bybit Funding Account as you would to a domestic exchange.

Korean users should check whether KRW and available payment methods are shown on the actual Fiat Deposit screen in Bybit.

If they are not supported, a common method is to buy cryptocurrency on a domestic KRW exchange and then transfer it to Bybit.

Basic Structure: Domestic Exchange → Bybit

A typical transfer process is as follows.

Deposit KRW to a domestic exchange
Buy the cryptocurrency you want to transfer
Go to the Deposit menu on Bybit
Select the same coin and network
Copy the deposit address
Copy the Tag/Memo as well, if required
Enter the details on the domestic exchange's withdrawal screen
Complete the Travel Rule and identity verification procedures
Send a small test transfer
Confirm the deposit on Bybit
Convert it to the desired trading asset, such as USDT, if needed

Which Coin Is Best for Transfers?

Choose a transfer coin based on the following factors.

Withdrawal fee on the domestic exchange
Whether deposits are supported by Bybit
Blockchain confirmation speed
Network congestion
Buy/sell spread
Price fluctuations during transfer
Minimum withdrawal amount
Whether a Tag/Memo is required

Why XRP Is Used for Transfers

XRP is often used to transfer assets between exchanges because it offers relatively fast settlement and low network costs.

However, it cannot be guaranteed to always arrive in exactly 2–3 minutes or to cost no more than $1.

The actual deposit completion time depends on:

The sending exchange's internal processing time
Network conditions
The number of confirmations required by Bybit
Travel Rule verification
Security reviews

And other factors.

Do not treat “2–3 minutes” as a guaranteed processing time.

Using TRX

TRX can also be considered as a transfer asset because of its low network costs and fast transfer speed.

However, first check that both the domestic exchange and Bybit properly support deposits and withdrawals for the asset and network.

BTC and ETH Are Not Necessarily Bad for Transfers

BTC and ETH can also be used for transfers between exchanges.

However, depending on the circumstances:

Network fees
Required confirmations
Processing time

May be less favorable than XRP or TRX. Therefore, it is reasonable to consider other assets if cost and time are priorities.

How to Transfer Stablecoins Directly

If the domestic exchange and Bybit both support a common network for USDT or USDC, transferring the stablecoin directly without routing it through XRP may be simpler.

The advantages of this method are:

No need to buy XRP
No need to sell XRP again on Bybit
Eliminates the risk of XRP price fluctuations during transfer
Reduces additional spot trading fees

Therefore, rather than assuming XRP is always the cheapest option, compare the total cost.

Comparing Actual Total Transfer Costs

Do not consider only the blockchain fee when evaluating transfer costs.

Conceptually:

Total transfer cost = domestic exchange purchase fee + buy spread + withdrawal fee + price fluctuations during transfer + Bybit selling fee + sell spread.

For example, even if the XRP withdrawal fee is low, a 0.5% price change while buying and then selling XRP can result in a much greater cost than the network fee.

What Is a Destination Tag?

Some assets, such as XRP, use both an address and a Destination Tag when deposited to an exchange.

An exchange may use one shared deposit address for multiple users and use the Tag to identify which user's account the deposit belongs to.

Bybit's official deposit instructions also state that when transferring assets that require a Tag or Memo, including XRP, you must enter the correct value.

What Happens If You Omit the Destination Tag?

For a deposit that requires a Tag:

If you do not enter a Tag, or
If you enter an incorrect Tag,

the deposit may not be automatically credited to your account balance.

In some cases, you may be able to use customer support's asset recovery process, but:

Whether recovery is possible
Processing time
Additional information
Costs

May vary depending on the circumstances.

Therefore, it is important to verify the details before sending rather than assume the funds can be recovered.

XRP Deposit Procedure

Step 1: Bybit Deposit Screen

On Bybit:

XRP deposit menu path: Assets → Deposit → XRP

Select it.

On the deposit screen:

Network
XRP Address
Destination Tag
Minimum Deposit Amount
Required Confirmations

and check them.

Step 2: Withdraw from a domestic exchange

For example, if you use Upbit, enter the following details displayed by Bybit in the XRP withdrawal menu:

XRP Address
Destination Tag

in their respective fields, making sure they are accurate.

Be careful not to swap the address and Tag.

Step 3: Check Travel Rule requirements

Depending on the domestic exchange's Travel Rule policy, the following may be required:

Select the receiving exchange
Verify account ownership
Verify your name in English
Additional verification

These requirements may apply.

Check the domestic exchange's latest policies for the exact list of supported exchanges and amount thresholds.

Step 4: Make a small test transfer

If this is your first time using the address, it is a good idea to send a small amount first, if possible.

After confirming that the deposit was credited successfully, transfer the remaining amount. This can:

Address entry errors
Selecting the wrong network
Tag errors

help reduce the risk of major losses caused by these issues.

Step 5: Confirm the deposit on Bybit

The generation of a blockchain TXID does not mean the funds will appear in your Bybit account immediately.

The deposit will be credited to your balance after it meets Bybit's blockchain confirmation requirements.

Bybit's official Deposit FAQ advises users to check the deposit screen for the supported chain and required blockchain confirmations for each asset.

Convert XRP to USDT

After XRP is deposited into your Bybit account, you can convert it on the XRP/USDT spot market if you need USDT for derivatives trading.

The main options include:

Market Sell
Limit Sell
Convert function

You can use these options.

You do not have to sell at market price

A Market Order is convenient if a quick conversion is important, but:

Taker fees
Slippage

may occur.

If you want to control the price, you can use a Limit Order.

If the amount is small or you want a simpler order interface, you could also compare Bybit Convert.

Funding Account and Unified Trading Account

The account that receives a deposit may vary depending on your settings and Bybit's account structure.

Bybit may offer the option to set the deposit destination as the Funding Account or Unified Trading Account, so check your current deposit settings.

If XRP is deposited into your Funding Account and you need the asset in your UTA for derivatives trading, you can move it using the internal Transfer function.

What happens if you select the wrong network?

For example, if you send funds using Network A on the withdrawal exchange, but your Bybit deposit address is for Network B, the funds may not be credited automatically.

Blockchain transfers are often difficult to cancel at will, unlike ordinary bank transfers.

Therefore, before transferring, make sure to check:

Coin + network + address + Tag/Memo

Verify all four.

Why you should keep your TXID

A TXID (Transaction ID or Transaction Hash) is a unique identifier for a blockchain transfer.

If there is a deposit issue, you can use the TXID to check:

Whether the transfer is complete
Receiving address
Amount
Network
Confirmation status

These details can be checked.

It is also important supporting evidence when contacting customer support.

Checklist for transferring from a domestic exchange to Bybit

Before the transfer

Whether Bybit KYC is complete
Whether the name matches that on the domestic exchange
Coin selection
Network match
Address accuracy
Whether a Tag/Memo is required
Minimum deposit amount
Withdrawal fee
Whether the exchange is supported under the Travel Rule

After the transfer

Confirm that a TXID has been generated
Check blockchain confirmations
Check Bybit Deposit History
Check the actual balance
Transfer to UTA if needed
Convert to USDT if needed

Steps to check and reduce errors before transferring

For users transferring assets between exchanges for the first time, the following method is the simplest.

1. Select an asset and network supported by both exchanges

2. Check the address and Memo/Tag yourself

3. Make a small test transfer

4. Confirm the deposit was received

5. Transfer the remaining amount

Rather than using an unverified network to save a few thousand won in fees, it is more sensible to prioritize the likelihood of a successful transfer and the possibility of recovery.

Example of the Bybit spot, derivatives, and demo trading guidance screen (previous version)

Example of the Bybit Copy Trading Classic trader list screen (previous version)

For more details, continue to Deposit and withdrawal procedures, including networks, tags, and the Travel Rule.

5. Order, Margin, and Liquidation Structure

The Bybit derivatives trading interface is not simply a screen where you press Buy or Sell. The actual outcome can vary significantly even with the same market outlook, depending on how you configure the order type, margin mode, leverage, stop loss, take profit, and position direction.

In futures trading in particular, you need to check not only the order price but also execution method, Maker/Taker status, Mark Price, margin mode, and position size.

Order execution types

Bybit's basic order types can be broadly divided into Market Orders, Limit Orders, and Conditional Orders. Bybit also offers various advanced order functions, including Post Only, Reduce Only, Close on Trigger, and TP/SL.

Limit Order

A limit order lets users enter the price at which they want to buy or sell.

For example, if BTC is currently trading at 100,000 USDT, you can place a buy order at 98,000 USDT, which may be filled when the market price reaches that level.

The advantages of limit orders include:

The ability to set your desired entry price directly
Easier price control than with market orders
Potentially lower Maker fees if the order remains on the order book and is filled as a Maker order
Reduced risk of entering immediately at an unfavorable price during sharp market movements

However, a limit order is not always a Maker order.

If you submit a limit order at a price that can immediately match an opposite order already on the order book, it may be processed as a Taker order. Bybit’s official order guide also states that a Limit Order is not always filled as a Maker order.

Market Order

A market order attempts to fill immediately at the best prices currently available on the order book.

It is useful when you need to enter or exit quickly, but you cannot specify the exact execution price.

Because a market order takes liquidity from the existing order book, it is generally processed as a Taker order.

The main advantages are:

Fast execution
The ability to enter or exit a position immediately during sharp market movements

On the other hand, it has the following disadvantages:

Taker fees apply
No control over the exact execution price
Potential slippage with large orders or in volatile markets

Slippage

Slippage is the difference between the expected price when an order is submitted and its actual average execution price.

For example, suppose BTC is quoted at 100,000 USDT and you submit a large market buy order.

If the order book contains sell orders at:

100,000 USDT
100,010 USDT
100,030 USDT
100,050 USDT

in sequence, the order may consume multiple price levels at once, depending on its size, causing the average execution price to exceed 100,000 USDT.

This difference is slippage.

It can be especially significant in the following situations:

Altcoins with low liquidity
Large orders
Major events such as CPI and FOMC announcements
Sharp rallies or sell-offs
Markets experiencing cascading liquidations

Therefore, for large orders, you should check not only the fees but also the order book depth and expected slippage.

Conditional Order

A conditional order creates an actual order when the Trigger Price set by the user is reached.

On Bybit, once the condition is met, you can set the order to submit one of the following:

Market order
Limit order

In some cases, you can use the Last Traded Price, Mark Price, or Index Price as the trigger reference.

Conditional orders are commonly used for:

Breakout trading
Stop entry
Automated stop-losses
Automated take-profits
Entering a position after a specific price is reached

Post Only

Post Only ensures that an order remains a Maker order by being placed on the order book.

If the order could be filled immediately against an existing order at the time of submission, it is automatically canceled.

This is useful for traders who want to ensure their orders are filled as Maker orders.

Reasons for using it

Maker fees apply
Reduced trading costs
Frequently used by high-frequency traders

Reduce Only

Reduce Only restricts an order to only reducing or closing an existing position.

For example, if you hold a 1 BTC long position, setting a Reduce Only sell order can prevent it from creating a new short position.

It is useful for managing partial take-profit or automated closing orders.

Close on Trigger

Close on Trigger is an order feature used to close an existing position when a specified price condition is met.

Its purpose may seem similar to Reduce Only, but the two work differently.

Reduce Only: Restricts orders to reducing the position size
Close on Trigger: Executes a position-closing order when a specific Trigger Price is reached

On Bybit, these features can be used to manage stop-losses and conditional position closures.

This feature submits an order to reduce or close an existing position once the trigger condition is met. The trigger does not guarantee that the position will actually be closed.

No new position is created.

Commonly used for stop-loss and take-profit orders.

Margin Modes: Isolated vs. Cross vs. Portfolio Margin

Bybit’s Unified Trading Account (UTA) currently supports three margin modes: Isolated Margin, Cross Margin, and Portfolio Margin.

Rather than simply comparing Cross and Isolated, it is important to understand how risk is calculated in each mode.

Isolated Margin

With Isolated Margin, the margin allocated to a specific position is kept separate from other positions and account assets.

With Isolated Margin, check the Mark Price and the position’s liquidation price. However, the allocated amount is not necessarily fixed at the initial margin. You may manually add margin or enable AMR (Auto-Margin Replenishment) for supported contracts, in which case available UTA balance may be added, increasing your actual loss exposure. Official AMR operating conditions

Advantages:

Risk is separated by position
Limits the impact of a poorly performing position on other positions
Makes it easier to understand the maximum potential loss

Disadvantages:

No automatic replenishment if AMR is off (check manual additions and AMR settings separately)
With little margin available, the liquidation price may be closer than with Cross Margin

Therefore, Isolated Margin may be suitable for traders who want to clearly separate risk by position.

Cross Margin

With Cross Margin, assets enabled as collateral in the UTA and the profit or loss of other positions may affect margin calculations at the account level.

This can improve capital efficiency and provide a buffer by allowing other available assets to support a position when it temporarily moves against you.

However, there is a trade-off.

If a particular derivatives position incurs a large loss, the value of other assets being used as collateral may also factor into the overall account risk calculation. Bybit also notes that while the UTA improves capital efficiency, derivatives losses can affect collateralized spot assets.

Therefore, Cross Margin should not be understood simply as a “safe mode that delays liquidation.”

Portfolio Margin

Portfolio Margin is a more advanced method that calculates margin by comprehensively assessing the risk of the entire portfolio rather than considering each position separately.

It can offer greater capital efficiency for professional traders managing multiple derivatives and hedged positions together, but its structure is much more complex.

Beginners are better off considering Portfolio Margin only after gaining a thorough understanding of Cross and Isolated Margin.

Points to Note About the UTA

With UTA, you can use supported collateral assets to manage multiple products in a single account, including spot, spot margin, perpetual futures, expiry futures, and options. Assets eligible for use as collateral are converted into USD-denominated margin value and can be used for trading.

However, not all coins may be recognized as collateral at 100% of their value.

Check each asset’s Collateral Value Ratio and collateral settings.

In other words:

Having coins worth $10,000 in your wallet does not necessarily mean that the entire $10,000 will count as margin at the same value.

Margin Mode Comparison Summary

Item	Isolated	Cross	Portfolio Margin
Risk calculation	Per position	Account level	Portfolio level
Loss propagation	Limited	May affect other collateral assets	Based on the entire portfolio
Structure	Relatively simple	Intermediate	Complex
Capital efficiency	May be relatively low	High	Relatively high
Primary use	Risk isolation	Managing multiple positions	Professional hedging and complex strategies

There is no single margin mode that is always the right choice for beginners.

However, whichever mode you choose, first understand position size, liquidation price, maintenance margin, and the actual maximum amount you could lose.

Key distinction: Conditional orders follow this sequence: trigger condition met → order submitted → order actually filled. A trigger alone does not complete a stop-loss or closing fill. For Isolated, check the position’s Mark Price/liquidation price; for Cross and Portfolio, check the account’s 100% MMR threshold. Order and liquidation FAQ / Liquidation by margin mode

Detailed conditions and usage examples for each order option

Bybit offers not only basic Limit and Market orders, but also a range of order options for professional traders. Understanding how order features work can help reduce slippage, save on trading costs, and prevent unexpected mistakes. This is especially important in leveraged trading, where even a change in order type can significantly affect the execution price and profit or loss.

Types of Bybit Orders

The most commonly used order types on Bybit are Limit Orders, Market Orders, Conditional Orders, and Trigger Orders. You can also combine options such as Reduce Only, Post Only, and TP/SL to implement a variety of strategies.

Limit Order

What is a Limit Order?

A Limit Order lets users place an order at a price they specify. The order is filled only if the market price reaches the specified price.

For example, if the current price is 120,000 USDT, a buy Limit Order at 118,000 USDT may be filled at 118,000 USDT or lower. A limit price sets a price boundary; it does not guarantee execution at that price, and if the order immediately matches existing orders, you may be a Taker.

Advantages

Enter at your preferred price
Lower likelihood of slippage
May qualify for Maker fees
Suitable for planned trades

Disadvantages

The order may not be filled if the price does not reach your limit
You may miss an entry opportunity during sharp price movements

Market Order

What is a Market Order?

A Market Order attempts to fill quickly using available quotes. Neither the execution price nor a full fill is guaranteed, and some or all of the order may remain unfilled or be canceled depending on liquidity and price protection conditions.

Market Orders are most commonly used when you need to enter or exit a position quickly.

Advantages

Immediate execution
Respond quickly even during sharp rises or falls
May not be filled or may be canceled depending on liquidity and price protection conditions

Disadvantages

Slippage may occur
Taker fees apply
In volatile markets, the order may be filled at a less favorable price than expected

Conditional Order

What is a Conditional Order?

A Conditional Order is a pending order that activates only when a specific condition is met.

For example, you can set an order to automatically buy if Bitcoin breaks above 125,000 USDT.

Examples of use

Breakout trading
Automatic stop-loss
Automatic take-profit
Responding to news announcements

Trigger Order

What is a Trigger Order?

A Trigger Order automatically submits a Limit or Market Order when the price reaches the Trigger Price set by the user.

It is easy to think of this as a pending order feature.

Time in Force

Good Till Cancel (GTC)

The order remains open until you cancel it yourself.

This is the most commonly used order duration.

Immediate Or Cancel (IOC)

Only the quantity that can be filled immediately is executed; the remainder is automatically canceled.

Partial fills are possible.

Fill Or Kill (FOK)

If the entire order cannot be filled immediately, the whole order is canceled.

Partial fills are not allowed.

Often used by institutional investors or for large orders.

One Cancels the Other (OCO)

What is an OCO Order?

Two orders are placed at the same time, and if one is filled, the other is automatically canceled.

For example, you can place a take-profit order at your target price and a stop-loss order at the same time.

Setting TP / SL

Take Profit (TP)

A feature that automatically closes a position when it reaches your profit target.

Stop Loss (SL)

A feature that automatically closes a position when it reaches the loss price you set.

Using them together is recommended for leveraged trading.

Partial Take Profit / Partial Stop Loss: Partial TP / Partial SL

Partial take-profit and partial stop-loss

Bybit lets you close only part of a position.

For example, you can use a strategy such as:

Take profit on 30%
Take profit on 30%
Let the remaining 40% ride the trend

This feature is very useful for swing traders looking to capture long-term trends.

Trailing Stop

What is a Trailing Stop?

When the price moves in a favorable direction, the stop price automatically moves along with it.

For example

Entry Price: 100
Trailing distance example: Trailing Distance: 5

If the price rises to 120, the stop-loss price also rises automatically to protect your profit.

Order Execution Priority

Bybit's order book processes orders in the following order.

Price priority
Time priority

At the same price, the order placed first is executed first.

How to Reduce Slippage

Slippage is the difference between the order price and the actual execution price.

We recommend the following methods to minimize slippage.

Prioritize limit orders over market orders
Trade during periods of high trading volume
Avoid trading just before economic announcements
Split large orders into multiple smaller orders for execution
Use the Post Only feature
Avoid excessive leverage when trading altcoins with low liquidity

Order Types Recommended for Beginners

Below is an example combination for learning about order options. None of these combinations can prevent losses, unfilled orders, or liquidation, so check the support and execution conditions for each option before placing an actual order.

Entry: Limit Order
Stop-loss: Stop Loss
Take-profit: Take Profit
Order option: Reduce Only
Margin mode: Isolated Margin

This combination can help reduce unnecessary slippage and lower the risk of creating an unintended position in the opposite direction or incurring excessive losses.

Order Features Summary

Order Type	Features	Recommended For
Limit Order	Buy at or below the limit price; sell at or above it. Execution is not guaranteed.	Most users
Market Order	Attempts execution at available prices; price and full execution are not guaranteed.	Urgent entry or exit
Conditional Order	Order executes when conditions are met	Automated trading, breakout strategies
Trigger Order	Scheduled orders	Trend following
Post Only	Maker fees apply	High-frequency trading
Reduce Only	Only reduces existing positions	Take-profit and stop-loss
GTC	Remains active until canceled	General users
IOC	Executes only the quantity immediately available	Short-term traders
FOK	Executes immediately in full or is canceled	Institutions and large orders
OCO	Sets take-profit and stop-loss simultaneously	Risk management
Trailing Stop	Profit protection	Trend trading

A thorough understanding of Bybit's order features allows you to optimize not only trade execution, but also trading costs and risk management. Order type can directly affect your final returns, especially in leveraged trading, so it is important to choose one that suits your investment style.

Liquidation Procedures and Settlement Criteria in Detail

The most important concept in leveraged trading is forced liquidation (Liquidation). Many beginners lose most of their account balance not simply because of losses, but because of forced liquidation. Understanding Bybit's liquidation system accurately can help reduce unnecessary liquidation risk and manage positions more stably.

Forced liquidation does not simply mean that a loss has occurred. It is a process in which the exchange forcibly closes a position on behalf of the trader because the account's maintenance margin (Maintenance Margin) is insufficient.

What Is Bybit Forced Liquidation?

Forced Liquidation (Liquidation)

Forced liquidation is a system in which the exchange automatically closes a position when losses reach a certain level and the maintenance margin requirement is no longer met.

When forced liquidation occurs, traders lose the opportunity to close their positions themselves and may incur substantial losses in some cases.

Forced liquidation occurs not when the account balance reaches zero, but when it falls below maintenance margin (Maintenance Margin).

Relationship Between Mark Price and Liquidation

What Is Mark Price?

In isolated margin mode, liquidation is determined by whether the position's Mark Price reaches its liquidation price. In cross and portfolio margin modes, the liquidation process is based on the account maintenance margin rate (Account MMR) reaching 100%, so you should not rely solely on the displayed liquidation price for an individual position. Liquidation rules by UTA margin mode

Mark Price is a fair price calculated using spot prices (Index Price) from multiple global exchanges and the funding rate (Funding Rate).

It is used to prevent unnecessary liquidations caused by temporary price manipulation or abnormal price spikes and drops.

In isolated margin mode, the last traded price and Mark Price may differ, so the chart price and liquidation timing may not match. In cross and portfolio margin modes, you should also check the collateral value, P&L, and MMR for the entire account.

Liquidation Price

What Is Liquidation Price?

Liquidation Price is the price at which the current position is expected to be forcibly closed.

Leverage

Position size

Margin

Maintenance margin

It is calculated automatically based on factors such as these.

In isolated margin mode, with other conditions unchanged, a smaller allocated margin and higher effective leverage may reduce the liquidation buffer. Liquidation in cross and portfolio margin modes is assessed separately based on the account MMR.

In isolated margin mode, adding actual margin affects the liquidation price when other conditions remain unchanged. In cross margin mode, simply lowering the leverage setting does not change the account collateral or notional exposure, so you cannot assume that the liquidation price will automatically move farther away.

Bankruptcy Price

What Is Bankruptcy Price?

Bankruptcy Price is the price at which the margin balance is depleted by losses on the position. Explanation of bankruptcy price and liquidation settlement formulas

The conditions that trigger liquidation should be distinguished from the liquidation engine's settlement at the bankruptcy price. Any surplus when the engine closes a position at a more favorable price than the bankruptcy price goes to the insurance fund. Any shortfall from an unfavorable settlement is handled by the insurance fund and, if necessary, through the ADL process.

Maintenance Margin

Role of Maintenance Margin

Maintenance Margin is the minimum margin required to maintain a position.

Maintenance Margin increases as the position size grows.

If the account's effective margin falls below this level, Bybit starts the forced liquidation process.

Difference from Initial Margin

Comparing Initial Margin and Maintenance Margin

Initial Margin is the initial margin required to open a position.

Maintenance Margin is the minimum margin required to keep a position open.

Many beginners confuse the two concepts, but they serve different purposes.

Risk Limit

What Is Risk Limit?

Risk Limit is a risk management system applied according to position size.

The larger the position, the higher the required maintenance margin ratio.

This mechanism is designed to prevent large positions from increasing risk across the entire exchange.

Insurance Fund

What is the Insurance Fund?

The Insurance Fund is a reserve operated by Bybit to cover losses incurred during the liquidation process.

When the Insurance Fund has sufficient funds, other investors holding opposing positions do not have to bear the losses.

The Insurance Fund is one of the key elements that enhance the overall stability of the exchange.

Auto Deleveraging (ADL)

What is ADL?

ADL (Auto Deleveraging) is a system that activates in extreme situations where even the Insurance Fund cannot cover the losses.

In this case, the positions of some investors holding positions in the opposite direction may be automatically reduced or closed.

However, ADL is extremely rare under normal market conditions, and most losses are covered first by the Insurance Fund.

Partial Liquidation

What is partial liquidation?

For some products, instead of immediately liquidating an entire position, the system may reduce only part of it to restore the maintenance margin.

Partial liquidation helps protect the entire account and reduces unnecessary full liquidations.

Full Liquidation

What is full liquidation?

This is when an entire position is forcibly closed.

Once fully liquidated, the position is closed. Any difference settled by the liquidation engine is not generally returned to the user. Separate available balances, positions remaining after partial liquidation, and settlement by the liquidation engine should be distinguished.

Factors Affecting the Liquidation Price

Leverage

Increasing the position's notional value significantly against the same collateral increases both the profit and loss from price movements and the required maintenance margin. Do not compare the likelihood or speed of liquidation based solely on the leverage setting.

Position Size

The larger the position, the greater the maintenance margin requirement.

Large positions can be significantly affected even by small price movements.

Adding Margin

Adding margin to a position moves its liquidation price farther from the current price.

This is one way to avoid liquidation during sharp volatility.

Funding Fees

Funding Fees accumulate when a position is held for an extended period.

Funding fees also affect your account balance, so be sure to check them when holding a position long term.

How to Avoid Liquidation

Use Leverage Appropriately

No specific leverage range can be universally recommended to beginners. Instead of focusing on the leverage number, calculate the actual position notional value, allocated/shared collateral, maintenance margin, and potential loss if a stop loss is not executed.

Set a Stop Loss

TP/SL can be used to manage losses, but execution is not guaranteed. An unfilled stop-limit order, market-order slippage, or differences between LTP and Mark Price can cause liquidation to occur before the stop loss.

A stop loss is the most effective way to close a trade with a much smaller loss than forced liquidation would cause.

Use Isolated Margin

With Isolated Margin, you can still lose all the margin actually allocated. If AMR is enabled, additional margin may be drawn from your UTA available balance, so do not treat the initial allocated amount as a fixed loss limit.

This helps protect the assets in your entire account.

Avoid Going All In

Investing most of your account assets in a single position greatly increases the risk of forced liquidation, even with small price movements.

It is generally recommended not to risk more than a certain percentage of your total account in a single trade.

Check Economic Events

Events such as FOMC meetings, CPI releases, interest rate decisions, and employment reports can significantly increase volatility.

During these periods, it may help to lower leverage or reduce position size.

What Happens After Forced Liquidation

When forced liquidation occurs, Bybit automatically closes the position on the market.

Any remaining margin from a liquidation that the liquidation engine closes at a price more favorable than the bankruptcy price goes to the Insurance Fund. Check the margin mode and account settlement history for separate account balances and positions remaining after partial liquidation; the Insurance Fund is not a personal principal-protection scheme.

Investors should review their trade and liquidation histories to analyze the cause of liquidation and avoid repeating the same mistakes in the future.

Summary of Bybit's Liquidation System

Item	Description
Mark Price	Used for isolated liquidation decisions and account valuation; MMR is assessed separately for Cross and Portfolio Margin.
Liquidation Price	The isolated liquidation price; displayed values for Cross and Portfolio Margin are for reference.
Bankruptcy Price	The price at which the position's margin balance is depleted.
Initial Margin	Initial margin
Maintenance Margin	Maintenance margin
Risk Limit	Risk limit based on position size
Insurance Fund	Fund that covers liquidation losses
ADL	Automatic reduction of opposing positions in extreme situations
Partial Liquidation	Liquidation of only part of a position
Full Liquidation	Liquidation of an entire position

Bybit's liquidation system is designed to protect investors' assets while maintaining the overall stability of the exchange. The more leverage you use, the more important it is to understand the liquidation mechanism accurately. Choosing appropriate leverage, setting stop losses, and managing margin are key to stable trading over the long term.

For more details, continue with Differences Between Reduce-Only and Close on Trigger.

6. Security Incident History, Proof of Reserves, and Limitations

Incident history that must be considered: The FBI announcement on February 26, 2025 confirmed that approximately $1.5 billion in virtual assets were stolen from Bybit around February 21. Bybit's incident timeline and response account should be read as the exchange's own statements. Neither its response to past incidents nor its current PoR can guarantee prevention of future incidents, full recovery of deposited funds, or current safety; this article has not verified the current recovery rate of the stolen funds.

Since the FTX collapse, one important factor in evaluating centralized exchanges has been whether it is possible to verify that they actually hold reserve assets corresponding to customer assets.

Bybit operates a Proof of Reserves (PoR) system and provides a feature that lets users verify for themselves whether their balances are included in the PoR data.

What is Proof of Reserves (PoR)?

Proof of Reserves is a method for verifying whether a centralized exchange holds reserve assets sufficient to cover specific assets it owes to customers.

Bybit uses a Merkle Tree structure to enable verification of user balance data.

Users can check whether their account balances are included in a particular PoR Snapshot. Bybit provides both a verification method on its own platform and a Self Validation method using open-source code.

What is a Merkle Tree?

A Merkle Tree is a structure that organizes large amounts of data into a hierarchy of hash values, enabling efficient verification of whether specific data is included in the full dataset.

In PoR, it can be used to check whether you are included in the full verification data without directly disclosing each user's balance information.

Checking Bybit's Reserve Wallets

Bybit allows users to check the wallet addresses and asset Snapshot published on its PoR page, and also provides on-chain methods for verifying ownership of the published wallets.

In other words, it goes beyond simply claiming:

"We control this address"

and provides a structure that allows outsiders to check the asset balances of the published addresses and whether those addresses are under its control.

What 1:1 Reserves Actually Mean

More precisely, Bybit's published PoR should be understood as a framework for checking whether it holds reserve assets sufficient to cover customer liabilities for the assets included in the audit.

For example, Bybit announced that an external verification report published in February 2025 confirmed reserves covering customer assets at a ratio of at least 1:1 for the assets included in the audit scope at that time.

The PoR ratio can vary by time and asset, so you should check the latest Snapshot.

PoR Does Not Prove the Absence of All Risks

Proof of Reserves is an important transparency tool, but it does not provide a complete picture of an exchange's overall financial position.

PoR alone does not automatically prove all of the following:

All liabilities of the entire company
Corporate borrowings
Operating expenses
Future payment obligations
All off-balance-sheet contracts
Legal and regulatory risks
Operational risks

Therefore, PoR is one important source of information for evaluating an exchange, and should not be understood as equivalent to a complete audit of financial statements.

Cold Wallet Custody

Bybit states that it uses Cold Wallets and layered security and key-management technology to safeguard user assets.

However, it is difficult to confirm the exact Cold Wallet custody ratio applicable at all times based solely on publicly available information. It is therefore appropriate to review the latest Proof of Reserves, publicly disclosed wallet information, and account-protection features together, rather than focusing on a single ratio.

Multi-Signature and TSS

Multi-Signature is a method that requires multiple approval parties or keys to execute the transfer of certain assets.

TSS (Threshold Signature Scheme) is a method of authorizing transactions by distributing signing authority among multiple participants instead of storing a single complete private key in one specific location.

These structures are used to reduce the risk of a Single Point of Failure, in which a single key or administrator is compromised.

Exchange Security Should Not Be Evaluated Based on PoR Alone

When evaluating a centralized exchange, it is advisable to review the following together:

Proof of Reserves
Security incident history
Withdrawal system
Account-protection features
2FA
Passkey
Anti-Phishing Code
Withdrawal address protection
API security
Regulation and corporate structure
Incident response capabilities

How to Verify Proof of Reserves Directly

Users can check whether their balance was included in the Snapshot on Bybit's Proof of Reserves page.

More technically proficient users can also verify the data directly using the Merkle Tree verification code published by Bybit.

This Self Verification is significant because it allows users to go beyond simply trusting the exchange's statements and directly confirm whether their own data is included.

7. Trading Bots and Copy Trading

Automated trading is useful for repeatedly executing users' buy and sell rules, but it does not completely eliminate emotional mistakes or guarantee profits.

A well-designed strategy can be repeated automatically, but a flawed strategy will be repeated automatically as well.

Therefore, the key to a Trading Bot is not the fact that it is “automated,” but how it is designed to operate, and under what rules and in which market.

Futures Grid Bot: Automated Trading for Sideways and Volatile Markets

Bybit offers a Futures Grid Bot for USDT Perpetual contracts. According to its official description, the Futures Grid Bot automatically places long and short orders at set intervals within a configured price range, making it a strategy suited to sideways markets with volatility.

Users generally configure the following:

Trading pair
Price range
Number of grids
Investment amount
Leverage
Directional settings
Supported options such as TP/SL

How a Grid Bot Works

For example, suppose you expect the price of BTC to move repeatedly within the range of 90,000–100,000 USDT.

The Grid Bot can divide that range into multiple price levels and be configured to repeatedly:

Buy at lower grid levels
Sell at higher grid levels

It can be designed to repeat the task being performed.

If the price continues to rise and fall within a certain range, the goal is to realize profits from multiple small price differences.

Risks of Futures Grid

Unlike Spot Grid, Futures Grid Bots involve leverage and the risk of liquidation.

You may also pay or receive a Funding Fee at each Funding Interval for the USDT Perpetual contract you trade. Bybit's official FAQ also states that standard USDT Perpetual trading fees and Funding Fees apply to Futures Grid.

Risks may therefore increase in the following situations:

The price breaks decisively out of the grid range
A one-way trend continues for an extended period
High leverage
A sharp rise in the Funding Rate
A sudden increase in volatility

A Grid Bot is not a “system that automatically makes money even when prices fall.”

Differences Between Spot Grid and Futures Grid

Item	Spot Grid	Futures Grid
Market	Spot	USDT Perpetual
Leverage	Generally not available	Available
Liquidation	No	Possible
Funding Fee	No	May apply
Short strategy	Limited	Available
Risk level	Relatively simple	Higher

Bybit also offers Spot Grid, which is designed to automatically repeat buy orders at low prices and sell orders at high prices within a configured price range.

Copy Trading

Bybit Copy Trading is a portfolio-management feature that allows users to automatically copy a Master Trader's trades according to specified conditions.

Bybit currently uses a Master Trader and Follower structure for Copy Trading and explicitly warns that past performance does not guarantee future returns.

How to Choose a Master Trader

Simply choosing the person with the highest ROI can be risky.

For example, suppose there are two Master Traders.

Trader A

90-day ROI: +200%
Maximum drawdown: -65%
Very high leverage

Trader B

90-day ROI: +40%
Maximum drawdown: -10%
Relatively consistent position sizing

Looking only at ROI, A appears overwhelmingly better.

However, from a risk-adjusted perspective, B may have a more stable strategy.

Bybit provides various performance metrics, including 90-Day ROI, on the Master Trader performance page.

When evaluating a Master Trader, it is a good idea to consider the following factors together.

Trading history
90-Day ROI
Maximum drawdown (MDD)
Win rate
Average profit and loss
Position holding period
Leverage
Current unrealized P&L
Trading frequency
Follower profits
Strategy consistency

Structural risks of Copy Trading

The actual results for a Master Trader and their Followers may not be exactly the same.

This is due to the following reasons.

Differences in execution timing
Slippage
Differences in investment amounts
Maximum position settings
Follower's existing positions
Copy settings
Market liquidity

In other words, even if a Master Trader records +10%, it does not mean that every Follower will record exactly +10%.

SyncMaster

Bybit's Copy Trading Classic also offers the SyncMaster feature.

If a Master Trader uses Forced Sync, some of the Follower's USDT Perpetual trading settings may be synchronized to match the Master Trader's settings. Conversely, if Forced Sync is not used, the Follower can configure some Copy Trading parameters directly.

Therefore, before starting Copy Trading, check which settings are synchronized with the Master Trader.

Key principles of automated trading

When using a Trading Bot or Copy Trading, it is a good idea to follow these principles.

Do not allocate all your assets to one bot
Set a maximum loss limit
Avoid high leverage
Check returns after including trading fees
Check P&L after including Funding Fees
Review your strategy when market conditions change
Do not leave the bot unattended just because it is running

The purpose of automated trading is not to eliminate judgment, but to automate execution.

For more details, see Copy Trading: Initial Setup, Loss Limits, and How to Stop.

8. Risk Management, Position Sizing, and Delta Neutrality

The most important skill in futures trading is not accurately predicting every market direction.

It is the ability to control how much you lose when you are wrong.

Even a strategy with a high win rate can lose most of an account through a single oversized position, while a strategy with a win rate below 50% may still be profitable over the long term if its risk-reward ratio and position sizing are appropriate.

1% Rule

One of the most widely known risk management methods is the 1% Rule.

It means:

Size your position so that you do not lose more than about 1% of your total account balance if a single trade fails.

The most common misunderstanding is to interpret it as:

"Buy only 1% of your account"

That is not what it means.

Example

Account balance:

10,000 USDT

Risk per trade:

Then the maximum allowable loss is:

100 USDT.

If the BTC entry price is 100,000 USDT and the stop-loss price is 98,000 USDT, the stop-loss distance is about:

2%.

In this case, a simple calculation gives the allowable position value as:

Position size calculation example: 100 ÷ 0.02 = 5,000 USDT.

Therefore, even with a 5,000 USDT position in a 10,000 USDT account, a 2% stop-loss distance means that a stop-out can be targeted to result in a price loss of about 100 USDT.

In actual trading, fees and slippage should also be taken into account.

Basic position sizing formula

If the stop-loss distance is calculated as a percentage:

Position notional value = allowable loss amount ÷ stop-loss distance

Example:

Allowable loss = 200 USDT

Stop-loss distance = 4%

200 ÷ 0.04

= 5,000 USDT.

Why leverage should be decided later

The correct order for position sizing is:

Check the account size
Determine the risk amount per trade
Set the entry price
Set the stop-loss price
Calculate the required position size
Decide on the leverage to use for that position

By contrast:

"Use 20x leverage and go all in, then think about where to set the stop-loss"

is not risk management.

1% is not an absolute answer

The 1% Rule is an easy-to-understand risk management example, not an absolute rule that applies to every trader.

The appropriate risk rate may vary depending on the strategy's:

Win rate
Risk-reward ratio
Maximum consecutive losses
Trading frequency
Asset volatility
Total account size

The key is to set a maximum loss before starting a trade.

Kelly Criterion

The Kelly Criterion is a method for calculating the theoretical bet size that can maximize long-term capital growth based on a strategy's win rate and risk-reward ratio.

A commonly used simplified formula is:

f* = p − (1 − p) / b = p − q / b. This formula assumes simple binary outcomes, a fixed risk-reward ratio, repeatability, and known input probabilities. It does not capture estimation error, consecutive losses, or trading costs in real markets, so it should not be used as a recommendation for an actual bet size.

Here:

p = probability of winning
q = probability of losing
b = average profit / average loss ratio

However, using Full Kelly as-is in actual trading can lead to very large position sizes and account volatility.

Therefore, in actual trading, traders may use a fraction lower than the calculated value, such as Half Kelly or Quarter Kelly.

For beginners, it is important to first learn simple position sizing using a fixed risk rate rather than complex Kelly calculations.

The Mathematics of Consecutive Losses

Assuming you lose 1% of your total account per trade, even 20 consecutive losses will not immediately reduce your account to zero.

If you continue risking 1% based on the remaining assets after each loss, your assets will decrease on a compounding basis.

By contrast, risking 20–30% of your account on a single trade can make recovery extremely difficult after just a few consecutive losses.

The Asymmetry Between Drawdown and Recovery

The loss percentage and the return required to recover your principal are not symmetrical.

Account loss	Return required to recover principal
-10%	+11.1%
-20%	+25%
-30%	+42.9%
-50%	+100%
-70%	+233.3%
-90%	+900%

Therefore, preventing a large Drawdown is just as important as generating large returns.

Revenge Trading

One of the most dangerous moments for a trader is immediately after a major loss.

The urge to recover losses quickly can lead to:

Increasing leverage
Increasing position size
Ignoring stop-losses
Re-entering without a plan
Chasing the opposite direction
Excessive trading frequency

These may occur.

This behavior is called Revenge Trading.

Daily Loss Limit

One way to prevent this is to set a maximum daily loss limit in advance.

For example:

Reach -2% for the day → Stop opening new trades
3 consecutive stop-losses → Stop trading
One unplanned trade occurs → End trading

You can create your own Hard Stop Rule, such as these.

What matters is not whether the number is exactly 5% or 2%, but not changing your rules emotionally immediately after a loss.

The Core of a Good Trading System

A good system should be able to answer all of the following questions.

Entry

Why enter now?

Stop-loss

What conditions would mean the trade thesis is wrong?

Taking profit

Where will you lock in profits?

Position size

How much will you lose if you are wrong?

Stopping trading

When will you end trading for the day?

If you make even one of these decisions on the fly after starting a trade, your strategy will be less consistent.

The risk-rate and stop-loss calculations in this section are illustrative examples with fixed inputs. Actual losses may vary due to trading costs, funding, slippage, unfilled stop-loss orders, liquidation, and exchange rates, and these examples do not guarantee an investment amount or loss limit suitable for any individual.

Conditions and Residual Risks of Delta-Neutral and Funding Strategies

A Delta-Neutral strategy is a hedging strategy that seeks other sources of returns while reducing directional exposure to an asset's price.

In the cryptocurrency market, one commonly used strategy may combine a spot purchase + a perpetual futures short to offset price exposure and target Funding Fee income.

However, this should not be described as “risk-free returns.”

Basic Mechanism

Because perpetual futures have no expiration date, a Funding Rate mechanism is used to keep the futures price from deviating excessively from the spot price.

On Bybit, when the Funding Rate is positive, holders of long positions pay a Funding Fee to holders of short positions; when it is negative, shorts pay longs.

Funding intervals are not fixed at 8 hours

According to Bybit's official guidance, the Funding Interval may vary by trading pair.

For example, contracts with an 8-hour interval are settled at 00:00, 08:00, and 16:00 UTC, but contracts with other intervals may also exist.

Additionally, under certain conditions, such as when the Funding Rate reaches its set upper or lower limit, the settlement interval may be adjusted to 1 hour.

Therefore, always check the following for the relevant instrument on the actual trading screen:

Funding Rate
Funding Interval
Next Funding Time

Example of How to Execute

Assume the BTC price is 100,000 USDT.

Step 1: Buy BTC on the spot market

On the spot market, buy:

BTC worth 10,000 USDT

That is, approximately:

0.1 BTC.

Step 2: Short the same amount in futures

Open a short position worth approximately 10,000 USDT in BTCUSDT perpetual futures.

Theoretically:

Spot: +10,000 USDT in long exposure
Futures: -10,000 USDT in short exposure

This can substantially reduce directional delta exposure.

Step 3: Offset price movements

In a simplified example, if BTC rises by 10%:

Spot:

+1,000 USDT

Futures short:

Approximately -1,000 USDT.

Conversely, if BTC falls by 10%:

Spot:

-1,000 USDT

Futures short:

Approximately +1,000 USDT.

Thus, in theory, directional price exposure is substantially offset.

However, net asset value is not perfectly fixed

The actual outcome is affected by the following variables:

Difference between spot and futures execution prices
Basis changes
Maker/Taker fees
Slippage
Funding Rate changes
Position quantity discrepancies
Collateral value fluctuations
Liquidation risk
Exchange risk

Therefore, “Delta-Neutral” is a strategy that reduces directional price exposure, not one that eliminates all risks.

Funding Fee Income

If you hold a short position at a settlement time when the Funding Rate is positive, you may receive a Funding Fee.

Bybit's basic calculation is:

Funding Fee formula: Funding Fee = Position Value × Funding Rate.

For example:

Position value = 10,000 USDT

Example funding rate: Funding Rate = +0.01%

Then:

Funding fee calculation example: 10,000 × 0.0001 = 1 USDT

may be received.

Be Careful with Annualized Funding Rates

An annualized figure of 20% calculated on the Funding Rate screen does not mean that a 20% return is guaranteed over the next year.

Funding Rates fluctuate continuously based on market supply and demand.

A Funding Rate that was +0.03% today could:

+0.01%
0%
-0.02%

and change rapidly, for example.

Therefore, you should not treat a figure calculated by simply annualizing a historical Funding Rate as a guaranteed rate of return.

Key Risks of This Strategy

Funding Rate Reversal

If a positive Funding Rate turns negative, short positions may have to pay the Funding Fee instead.

Trading Costs

Both spot and futures trades incur entry and exit fees.

Basis Risk

The price difference between spot and futures can widen or narrow.

Liquidation Risk

Using excessive leverage on a futures short can result in liquidation of the futures position itself, even if you have a spot hedge.

Exchange Risk

Holding both spot and futures on the same centralized exchange exposes you to risks related to the exchange's operations, security, and withdrawals.

Key Takeaways on Delta-Neutral Strategies

Delta-neutral Funding Arbitrage is a strategy that reduces directional investing and pursues Funding Rates as a separate source of return.

However:

Delta-neutral ≠ risk-free

and actual net returns must be assessed after deducting trading costs and all other risks from Funding Fees.

9. Advanced Features: AI Subaccounts and TradFi Products

This section covers the technical implementation steps and detailed mechanisms for making the most complete use, as of 2026, of Bybit's distinctive system infrastructure discussed above.

1. Technical Setup for an Isolated AI Subaccount

An AI Subaccount separates the main account's holdings from AI trading activity, while allowing asset limits and transfer and leverage permissions to be controlled from the main account. Isolation is not a safeguard that prevents erroneous orders or trading losses.

Step 1: Create an Account and Set Up an Isolated Environment
In the Bybit app, go to [Profile] in the upper-left corner -> [Subaccount] -> [Create Subaccount], select 'AI Subaccount' as the account type, and create the account.
Step 2: Check the Official OAuth Connection Procedure
Provide the setup instructions shown on the subaccount screen to a supported AI tool, then verify the connection target and permissions on the official browser authentication screen. The official guide dated July 3, 2026, explains OAuth connections for Claude Code, OpenClaw, Cursor, and others. Do not assume an arbitrary public key exchange or support for all AI services.
Step 3: Set Asset Limits, Transfer Permissions, and Leverage Permissions
In the subaccount permissions screen of the main account, check the asset limit, whether transfers are allowed, and the maximum leverage. The official guide describes a default $5,000 asset limit and withdrawals disabled by default, but users can change the settings. Do not treat the expiration conditions for standard API keys as the same as AI Subaccount OAuth authentication, or assume that all keys are automatically rotated every 30 days. Use the official AI Subaccount setup guide to verify the connection, permissions, and actual order results, and do not disclose authentication tokens or secret keys.

2. Tips for Managing Bybit TradFi Stock CFDs and SpaceX Positions

Bybit offers a next-generation real-world asset (RWA) portal that lets users access Nasdaq and global macro assets using crypto collateral.

Distinguish CFD Costs from Promotions: Do not assume that a “zero-fee” label means there are no trading costs. Check spreads, separate commissions, holding swap fees, and the applicable mode, instrument, and period separately. The official specifications for new stock CFDs dated September 10, 2026, list a commission of 0.02 USDT per share (minimum 0.2 USDT per order) and a three-day swap charge on Fridays. This does not mean that all CFDs are free of trading fees, swaps, and spreads. Check the current terms for the instrument you intend to trade in the official cost specifications for new CFDs.
SpaceX (SPCX) Products Differ: SpaceX's announcement dated June 11, 2026, states that trading is scheduled to begin on June 12. That scheduled announcement alone should not be treated as verification of the actual first execution. Bybit's SPCXUSDT perpetual contract, SPCX stock CFD, and SPCXX spot token are different products with different account structures, rights, and costs. The official SPCXUSDT information (June 22, 2026) specifies maximum leverage of 10x, but check the current contract screen for limits and funding terms before placing an order. TradFi perpetual contracts use a Unified Trading Account (UTA), while CFDs are traded in an MT5 CFD account separate from the UTA. For CFDs, check leverage, trading hours, and swap costs for each instrument separately; holding a spot token does not give you direct shareholder status or voting rights.

SpaceX-Related Products: Distinguishing Perpetual Contracts, CFDs, and Spot Tokens

Instead of unverified star ratings or algorithm-cited scores, compare the product terms users should actually check. All three products involve price volatility, liquidity, and counterparty risks and are not equivalent to directly holding spot shares.

Product	Account Structure	Rights and Form of Ownership	Costs to Check	Leverage and Trading Hours
SPCXUSDT Perpetual Contract	Unified Trading Account (UTA)	Derivative exposure to price movements; no shareholder rights	Trading fees, spread, and funding	Official information specifies a maximum of 10x. Check the current contract screen for actual limits and funding intervals.
SPCX Stock CFD	MT5 CFD account separate from the UTA	Contract settled for the difference; does not involve ownership of physical shares or tokens	Product-specific costs such as spreads and swaps	Check leverage and market trading hours for each instrument.
SPCXX Spot Token	Spot trading and holding structure	You hold the token, but have no direct shareholder status or voting rights.	Spot trading fees, spread, and withdrawal terms	Distinguish spot holdings themselves from leveraged derivatives.

Official sources checked: September 28, 2026. SpaceX listing announcement, official SPCXUSDT information, official SPCX CFD information, TradFi account structure. Product specifications and regional availability may change, so prioritize the order screen when placing a trade.

💡 Before Using: An AI Subaccount is a management tool for limiting permissions and asset exposure; it does not guarantee long-term returns or asset security. Consider an affiliate code (for which actual benefits can be confirmed on the signup screenCOINPOP) and a Unified Trading Account (UTA), but check the terms and risks of AI Subaccounts and TradFi products separately. Using several features together does not eliminate the risk of losses or volatility.

10. Frequently Asked Questions and Troubleshooting

Q. Is a VPN required to use Bybit in Korea?

As of October 22, 2026, South Korea is not listed on Bybit's own restricted countries list. This fact alone does not guarantee registration or lawful operation in Korea, access availability, or user protection. Do not misrepresent your place of residence or circumvent access restrictions; check guidance from the authorities and the exchange's policies. Bybit restricted countries / FSC warning about unregistered operators

However, the countries and regions in which Bybit offers services, and the availability of individual products, may change depending on the regulatory environment.

In particular, users in countries where services are restricted are advised not to use a VPN to misrepresent their location.

Bybit states in its restricted services policy that if it determines a user has misrepresented their location or residence, it may take measures such as closing the account and liquidating open positions.

Therefore, if you cannot access the service, rather than arbitrarily circumventing country restrictions:

Check Bybit's official list of restricted countries
Check account announcements
Contact customer support
Check local regulations

is the safer order of steps.

Q. What is a Unified Trading Account (UTA)?

A Unified Trading Account (UTA) is Bybit's account system, designed to let users manage multiple trading products—including spot, spot margin, perpetual and expiry futures, and options—within a single unified account structure.

In Cross Margin or Portfolio Margin, supported collateral assets can be converted to their USD value and used as margin for multiple trading products.

For example, if a user holds both BTC and USDT and has enabled BTC as a collateral asset, the collateral value of BTC may be included in the calculation of derivatives margin, depending on the applicable conditions.

However, an important point is:

Holding $10,000 worth of BTC does not mean that the full $10,000 will always be recognized equally as margin.

Collateral Value Ratios and asset-specific collateral terms may apply.

Also, as losses on derivatives increase, collateralized spot assets may also be exposed to account risk, so you should carefully consider whether to pledge long-term holdings as collateral.

Q. Are Korean residents' cryptocurrency earnings from Bybit taxed in 2026?

As of 2026, South Korea has not yet implemented separate taxation on income generated from the transfer or lending of virtual assets.

According to the National Tax Service's guidance on income from the transfer or lending of virtual assets, the planned effective date is January 1, 2027, the annual basic deduction is KRW 2.5 million, and the national tax rate is 20%. This explanation should not be applied identically to all futures, options, and CFD income. You should separately verify the classification of your income, place of residence, local taxes, and overseas account reporting obligations.

However, legislation may be amended again before it takes effect, so you should check the latest laws and National Tax Service guidance at the time of trading or filing.

Official National Tax Service information: https://www.nts.go.kr/nts/cm/cntnts/cntntsView.do?cntntsId=238935&mi=40370

Checks by Error Type and Official Inquiries

If you encounter login, KYC, deposit or withdrawal, API, or security settings errors while using Bybit, check official status notices and the input and settings items below in order. The frequency of each cause and resolution times have not been verified. Do not bypass security, permission, or regional restrictions; contact official support.

This chapter summarizes the problems Bybit users most commonly encounter in 2026 and how to resolve them.

Sign-Up and Login Errors

Not Receiving the Email Verification Message

If you do not receive a verification email after signing up, check the following:

Check your spam folder
Check your promotions folder
Check for errors in the email address you entered
Check whether the sender is blocked
Try resending after a few minutes

First check your spam folder, blocked senders, mailbox capacity, the address entered, and the resend interval. This article has not verified verification success rates for different email services.

Not Receiving the SMS Verification Code

If you do not receive the phone verification code, check the following:

Check whether the country code is selected
Check for errors in the phone number entered
Check whether your carrier blocks text messages
Check for restrictions on receiving international text messages
Try again after a short wait

Unable to Log In

If you are unable to log in, check the following in order:

Check your email or UID
Check your password
Check Caps Lock
Check whether you are using a VPN
Clear your browser cache
Update the app to the latest version

After several failed login attempts, access may be temporarily restricted for security reasons.

KYC (Identity Verification) Errors

KYC Verification Failed

This is one of the most common problems.

The main causes include:

Blurry ID photo
Glare
Part of the ID is cut off
Using an expired ID
Mismatch between the face in the selfie and the ID
Insufficient lighting

It is best to take the photo in a bright place and use the original image without alterations.

Facial Recognition Failed

If selfie verification repeatedly fails:

Remove your glasses
Remove your hat
Remove your mask
Use bright lighting
Clean the camera lens

Then try again.

Deposit-Related Errors

Deposit Not Credited

If a deposit is not completed, check the following:

Check the number of blockchain confirmations
Select the correct network
Check the deposit address
Check whether a memo (Tag) is required

In most cases, deposits are credited automatically after the required confirmations are complete.

Missing XRP Destination Tag

For Ripple (XRP), you must enter the Destination Tag as well as the address.

If you do not enter the Tag, the assets may not be credited to your account automatically, and you may need to go through a recovery process with customer support.

It is important to verify both the address and the Tag before depositing.

Deposit Sent via the Wrong Network

For example:

BEP20 instead of ERC20

ERC20 instead of TRC20

If sent using a network other than the intended one, the deposit may not be credited correctly.

Whether recovery is possible may depend on the network and asset type, and recovery may not be possible at all. Be sure to check the network before sending.

Withdrawal-Related Errors

Withdrawal Delayed

Common reasons for delayed withdrawals include:

Blockchain congestion
Security review
Periods of high withdrawal volume
System maintenance
Address verification

Check the processing status, network confirmations, and official maintenance or withdrawal delay notices. If the stated time range has passed or the status is unclear, prepare the transaction ID and contact official customer support. Do not assume that the issue will be resolved automatically.

Withdrawal Rejected

Withdrawals may be restricted in the following cases:

KYC incomplete
Immediately after changing security settings
Login from a new device
Unusual transaction detected
Risk management system activated

It is standard procedure for withdrawals to be restricted for a certain period for security reasons.

OTP and Security Errors

Google Authenticator Code Error

The most common cause is a time synchronization issue on the smartphone.

How to resolve it

Set the smartphone time automatically
Sync the time in Google Authenticator
Restart the app

If You Lose Your OTP

If you lose your phone or delete your OTP:

Use a backup code
Verify using your registered email
Submit an identity document
Complete identity verification

You can reset your OTP through these steps.

Anti-Phishing Code Displayed Incorrectly

The Anti-Phishing Code is a verification method displayed in official Bybit emails and SMS messages after you set it up. This does not mean that the code should appear on the login screen. If the message does not contain the code or shows a different one, do not click any links; go directly to the official website to check. Matching codes alone do not guarantee the safety of the URL, sender, or message as a whole. Official Anti-Phishing Code Guide

API-Related Errors

API permission error: API Permission Error

This occurs when API permissions are insufficient.

Check the following:

Read permission
Trade permission
Withdraw permission
Whether the API has expired

For security, it is safest to enable only the permissions you need.

API Signature Error

This occurs when the API Secret and Signature do not match.

In most cases, the cause is

a Secret error
a Timestamp error
a signing method error

IP Whitelist Error

If an IP restriction is set for the API, it cannot be used from an unregistered IP address.

You must register your current public IP address again.

Account Restriction Error

Risk Control

If Bybit's risk management system detects abnormal trading, some functions may be temporarily restricted.

Common causes

Abnormal login
Repeated orders within a short period
Login from a new country
Security risk detected

11. Key Term Glossary

This glossary covers essential technical terms that everyone—from beginners to high-frequency system traders—must understand to fully grasp the Bybit platform and the 2026 digital asset and TradFi financial ecosystem.

Platform and Infrastructure Terms

Unified Trading Account (Unified Trading Account, UTA)

Bybit's next-generation account architecture. It combines various assets held in the account, such as USDT, USDC, BTC, and ETH, into a single unified margin pool that can be used simultaneously as collateral for spot, perpetual futures, and options trading. It maximizes capital efficiency and makes cross-margin management easier. Earn products are also managed as part of this system.

AI Subaccount (AI Subaccount)

An account type designed for algorithms, launched in 2026. It provides an isolated environment that is strictly separated from the main assets. Asset caps and withdrawal restrictions are built in so that external AI agents or automated bots can trade only via API, without human intervention.

Price-Related Terms

Mark Price

Mark Price is a valuation price calculated using the index price and formulas specific to each product. For isolated margin, it is used to determine whether the liquidation price has been reached. In cross and portfolio margin, this valuation is reflected in account PnL and collateral calculations, with 100% Account MMR serving as the basis for liquidation procedures. Do not assume it is the same as the last traded price.

Index Price

Index Price is the average price across multiple global spot exchanges. It is calculated by aggregating price data from several exchanges to filter out abnormal prices on any one exchange, and serves as the basis for calculating Mark Price.

Last Traded Price

Last Traded Price is the most recent actual execution price. It may differ from the Mark Price used for isolated margin, and you should also distinguish it from the account MMR basis used for cross and portfolio margin.

Trigger Price

The reference price that activates a conditional order or TP/SL. The order is submitted once the trigger is reached, but execution is separate. It may remain unfilled or be canceled due to margin, liquidity, or order conditions.

Funding-Related Terms

Funding Rate

The Funding Rate is a cost intended to reduce the price gap between perpetual futures and spot prices. When the Funding Rate is positive, long positions pay short positions; when it is negative, short positions pay long positions.

Funding Interval

The interval at which funding fees are settled. It varies by trading pair and may change dynamically, so check the current contract's Funding Interval and Next Funding Time. Eight hours is an example for some contracts, not a fixed interval for all contracts.

Margin-Related Terms

Notional Value

The total financial value of the actual position after leverage is applied. For example, a position entered with $1,000 in margin at 10x leverage has a notional value of $10,000. All trading fees and funding fees are calculated based on this notional value, not the initial margin.

Initial Margin

The initial margin required to open a position. Higher leverage reduces the Initial Margin required, but increases risk.

Maintenance Margin

The minimum margin required to maintain a position. If the account's margin falls to or below the Maintenance Margin, the liquidation process may begin.

Risk Limit

The maximum risk limit applied based on position size. The larger the position, the higher the maintenance margin required.

Market Data Terms

Open Interest

The total quantity of futures contracts that remain open and have not been liquidated. An increase in Open Interest may indicate an influx of new funds, while a decrease may indicate that existing positions are being closed.

Volume

The total amount traded over a given period. Higher volume generally indicates greater market liquidity.

Order-Related Terms

Maker / Taker Fees

An order is a Maker order if it executes by adding liquidity to the order book, and a Taker order if it executes by removing existing liquidity. A limit order that immediately matches an existing quote can also be a Taker order, not just a market order. We could not verify whether the 20% and 90-day terms shown on the historical signup page are still valid, so check the actual terms on the signup page and, after logging in, under My Fee Rate. Maker fees are often lower than Taker fees.

Limit Order

An order type submitted at a price specified by the user.

Market Order

A market order that attempts to execute at currently available quotes. The actual price and whether the entire order is filled may vary depending on liquidity and price protection conditions.

Conditional Order

An order that is activated only when the conditions set by the user are met.

Reduce Only

An option that can be used only to reduce or close an existing position. It prevents the creation of a new position in the opposite direction.

Close On Trigger

A feature that closes only an existing position when the condition is met and does not create a new position.

Post Only

A feature that ensures an order is placed only as a Maker order. If it may execute immediately, the order is canceled automatically.

Remain active until canceled: Good Till Cancel (GTC)

An order type that remains active until canceled by the user.

Fill immediately or cancel unfilled quantity: Immediate Or Cancel (IOC)

An order type that fills only the quantity that can be executed immediately and automatically cancels the remainder.

Fill Or Kill (FOK)

An order type that cancels the entire order if it cannot be filled immediately in full.

One order executes, cancel the other: One Cancels the Other (OCO)

An order type that places two orders simultaneously and automatically cancels one when the other is filled.

Position-Related Terms

One-way Mode

A position mode in which you can hold a position in only one direction, either long or short.

Hedge Mode

A position mode in which you can hold long and short positions simultaneously.

Cross Margin

A method in which multiple positions share available collateral recognized as margin in the UTA. Not all assets held are necessarily recognized as collateral in full, so check collateral activation, collateral value ratios, and Account MMR.

Isolated Margin

A method of managing margin separately for each position.

Auto Add Margin

The AMR feature, available for supported isolated contracts, which automatically adds the UTA available balance to a position's margin when enabled. The added funds are also exposed to losses, and liquidation prevention is not guaranteed.

Delta-Neutral

A hedging strategy that combines exposure to spot and derivatives, among other instruments, to reduce sensitivity to price direction. It does not eliminate price fluctuation risk entirely; funding rate changes, basis, fees, slippage, liquidation, and exchange risks remain.

PnL-Related Terms

Unrealized PnL

The unrealized profit or loss on a position currently held.

Realized PnL

The actual profit or loss finalized after the position is closed.

Liquidation-related terms

Liquidation Price

The price at which a position is expected to be forcibly liquidated.

Bankruptcy Price

The price at which the margin for the position is depleted. It is the basis for the liquidation engine to take over and settle the position; it does not guarantee coverage of the user's losses or a refund of any balance.

Auto Deleveraging (ADL)

A system that automatically reduces opposing positions in extreme situations where losses are difficult to cover even with the insurance fund.

Insurance Fund

A reserve held by the exchange to cover losses arising during the forced liquidation process.

TradFi and transfer-condition terms

Stock CFD (Contract for Difference)

A derivative that settles the difference between entry and exit prices without requiring ownership of the actual stock or token. Bybit's MT5 CFD account is separate from UTA. Tradable instruments, regional requirements, leverage, market hours, spreads, and swap costs for holding positions should be checked in the current product specifications. It does not guarantee the rights of a spot shareholder or loss-free hedging.

Travel Rule

An explanation of the Korean requirement for exchanges to share the identities of senders and recipients when virtual assets worth KRW 1 million or more are transferred for anti-money laundering purposes; thresholds and implementation methods vary by country. Whether deposits and withdrawals are actually supported between Bybit and domestic VASPs (Upbit, Bithumb, Coinone) depends on each exchange's latest supported-asset list, identity verification, coin and network, and any additional review requirements. Travel Rule integration does not guarantee safe transfers or automatic processing.

Other key terms

Slippage

The difference between the order price and the actual execution price.

Take Profit / Stop Loss (TP/SL)

A feature for setting automatic take-profit and stop-loss orders.

Partial TP / SL

A feature for taking profit or stopping losses on only part of a position.

Trailing Stop

An automatic trailing stop feature that moves the stop price along with the market when the price moves favorably.

12. Final Checklist and Conclusion

Bybit is a global virtual asset trading platform that goes beyond simply buying and selling cryptocurrencies, offering a wide range of features including spot trading, perpetual futures, expiry futures, options, Unified Trading Account, Trading Bot, Copy Trading, and API.

However, having many features does not guarantee profits.

Actual trading performance depends less on the platform itself and more on how accurately users manage orders and risk.

If you are new to Bybit, it is advisable to follow this sequence:

Set up account security
Complete KYC
Understand the deposit and withdrawal process
Understand spot orders
Understand Maker and Taker fees
Understand Limit, Market, and Conditional Orders
Understand Isolated and Cross Margin
Test futures trading with a small amount
Set TP/SL
Apply position sizing
Calculate the Funding Fee
Analyze trading records

In leveraged trading in particular, survival comes before high returns.

Leverage is a powerful tool that lets you manage a large position with a small amount of margin, but it can also increase:

Liquidation risk
Fee burden
Funding Fee burden
Account volatility

Therefore, manage risk based on the actual position's notional value and the estimated loss if stopped out, rather than the leverage ratio itself.

The same applies to automated trading.

Grid Bot or Copy Trading can execute repetitive trades on a user's behalf, but they do not eliminate the risk of loss.

Delta-neutral strategies can also reduce exposure to price direction, but they entail Funding Rate changes, Basis Risk, fees, slippage, forced liquidation, and exchange risk.

Proof of Reserves is also an important transparency measure for verifying a centralized exchange's reserve assets, but it is not the same as a financial statement that fully accounts for all of the exchange's liabilities and operational risks.

Ultimately, the keys to using Bybit effectively can be condensed into the following four points.

First, understand trading costs.

Calculate actual costs, including Maker/Taker fees, Funding Fees, and slippage.

Second, stop out before liquidation.

Forced liquidation is not a risk management tool; it is more like a final system that kicks in when risk management has failed.

Third, control position size.

In the long run, deciding how much you will lose if you are wrong is more important than predicting the market's direction.

Fourth, protect your account and assets.

Be sure to follow basic security procedures such as using 2FA, Passkey, Anti-Phishing Code, minimum API permissions, and verifying withdrawal addresses.

The cryptocurrency market operates 24 hours a day, and Bybit's fees, supported products, Funding Interval, regulatory policies, and features may also change continuously.

Therefore, use this guide as a reference for understanding trading structures, but check Bybit's latest official screens and announcements before placing orders, making deposits or withdrawals, or signing up for products.

Final verification sequence: residence and reporting/access requirements → KYC and account security → actual fees and benefits → deposit and withdrawal support → orders, margin, and liquidation → stop trading and contact official support if needed. Make decisions with affiliate relationships and risks in mind; this document does not recommend signing up for any particular product or trading with leverage.

Editorial responsibility: CoinPop Editorial Responsibility Notice. This is general information and not personalized investment, legal, or tax advice. If you find an error, please report it through the correction channel for the relevant notice.

Key Answers Before Using Bybit

Verification Criteria and Official Sources

Table of Contents

1. Bybit Overview and Conditions to Check Before Use

Bybit’s Position in the Global Market

Why Liquidity Matters in Derivatives Trading

100,000 TPS Matching Engine

100k TPS Does Not Mean “Perfect Execution at All Times”

24/7 Cryptocurrency Derivatives Markets

Bybit’s Features for Korean Users

Unified Trading Account (UTA)

Key Products Available on Bybit

Spot

USDT Perpetual

USDC Contracts

Inverse Contracts

Options

Bybit Is Not Suitable for Everyone

The Most Important Criteria for Understanding Bybit

A Framework for Understanding Platform Features and Structure

Leverage: Dynamic Leverage that Varies by Instrument and Position Size

Risk Limits and Maximum Leverage

Some Products Have Lower Maximum Leverage

Smart Leverage Should Be Distinguished from Standard Futures Leverage

How Should Leverage Limits for New Accounts Be Understood?

What High Leverage Means for Capital Efficiency

System Performance Does Not Prevent Slippage

Capital Efficiency Through the Unified Trading Account

What Is the Travel Rule?

In South Korea, the “KRW 1 million or more” threshold should be explained carefully

Upbit's Account-Holder Verification System

Separate Checks Are Also Needed for Bithumb, Coinone, and Others

Matching Identity Information Is Important

The Travel Rule Does Not “Guarantee” the Safety of Transfers

When Korean users use Bybit, the typical asset transfer process can be understood as follows.

As of 2026, Bybit's strengths are best understood as the result of combining multiple trading infrastructure components, rather than any one specific feature.

As of 2026, Bybit is a major trading platform with significant trading volume and liquidity in the global cryptocurrency market.

As of 2026, Bybit broadly divides personal identity verification into:

Main requirements

Standard verification typically requires:

Standard KYC withdrawal limit

Acceptable documents may vary by country and Bybit's current requirements, but generally include:

Advanced/Pro Withdrawal Limit

Step-by-step KYC verification process

Step 1: Go to the Identity Verification menu

Step 2: Start Standard Verification

Step 3: Select an identity document

Step 4: Photograph your identity document

Step 5: Face verification

Step 6: Check the review result

Common reasons for KYC failure

If you plan to transfer assets between a domestic exchange and Bybit

KYC privacy protection

3. Trading Fees, Funding Fees, and Calculating Actual Costs

Why fees increase in leveraged trading

Basic fee formula

Leverage does not increase the fee rate

How fees accumulate in high-frequency trading

Example calculation with a 20% fee discount

Example of fee discount impact by trading volume

Using Maker orders can reduce costs further

COINPOP Bybit fee discount signup link

End of the 30,000 USDT welcome reward and how to check current promotions

Distinguish between the general referral program and partner discounts

Key Takeaways on Fee Discounts

4. Deposits, Withdrawals, and Network Checks

Basic Structure: Domestic Exchange → Bybit

Which Coin Is Best for Transfers?

Why XRP Is Used for Transfers

Using TRX

BTC and ETH Are Not Necessarily Bad for Transfers

How to Transfer Stablecoins Directly

Comparing Actual Total Transfer Costs

What Is a Destination Tag?

What Happens If You Omit the Destination Tag?

XRP Deposit Procedure

Step 1: Bybit Deposit Screen

Step 2: Withdraw from a domestic exchange

Step 3: Check Travel Rule requirements

Step 4: Make a small test transfer