How to Use Derivatives Coupon in Bybit

Using a derivatives coupon on Bybit can enhance your trading experience by offering you additional trading capital or reducing your transaction fees. Here’s a step-by-step guide to help you make the most out of these coupons.

How to Use a $20 Coupon on Bybit

Register and Verify Your Account:

• If you haven’t already, sign up for a Bybit account. Ensure your email is verified and complete any necessary KYC requirements.

Navigate to the Coupon Center:

• Log in to your Bybit account and go to the “Promotions” tab. From there, click on “Coupon Center” to view available coupons.

Claim Your Coupon:

• If you have a $20 coupon available, claim it by clicking the “Claim” button. The coupon should now be visible in your “My Coupons” section.

Activate Your Coupon:

• To use the coupon, you need to activate it. Go to the “My Coupons” section, find your $20 coupon, and click on “Activate.”

Apply the Coupon in a Trade:

• When placing a trade, ensure that you have activated the coupon. The $20 will be automatically applied to your margin or as a discount on trading fees, depending on the terms of the coupon.

How to Trade on Bybit Using a Coupon

Fund Your Account:

• Before you can trade, ensure that you have funded your Bybit account with the necessary cryptocurrency. Bybit supports several cryptocurrencies for funding, including Bitcoin, Ethereum, and USDT.

Choose Your Trading Pair:

• Select the derivatives pair you want to trade. For example, you might choose BTC/USD or ETH/USD.

Apply the Coupon:

• When you are setting up your trade (either a limit order, market order, or conditional order), ensure that your coupon is activated. The coupon benefits (such as additional margin or fee discounts) will automatically apply to your trade.

Execute the Trade:

• Confirm the trade details and execute your order. Monitor your position as usual. The benefits from the coupon will be reflected in your trading account.

Can I Withdraw My Bybit Bonus?

Bybit bonuses and coupons generally cannot be withdrawn directly as cash. These bonuses are intended to enhance your trading experience and can be used to cover trading fees, add to your margin, or as leverage in your trades. However, profits earned from trades made using these bonuses can be withdrawn.

What is the Best Bybit Bonus?

The “best” Bybit bonus can vary based on individual trading needs and the promotions available at any given time. Some popular bonuses include:

Welcome Bonuses:

• New users often receive bonuses upon registration and initial deposits. These can range from $10 to $50 or more.

Trading Fee Discounts:

• Some coupons provide a percentage discount on trading fees, which can be highly beneficial for frequent traders.

Deposit Bonuses:

• Bybit occasionally offers bonuses based on the amount of cryptocurrency deposited into your account.

Referral Bonuses:

• When you refer new users to Bybit, both you and the referred user may receive bonuses.

How Much Does Bybit Pay Per Referral?

Bybit’s referral program pays a certain amount per successful referral. The exact amount can vary based on current promotions, but it typically includes:

• Cash Bonuses: A fixed bonus amount credited to your account.
• Trading Fee Rebates: A percentage of the trading fees generated by your referred users.

As of the latest update, Bybit offers up to $20 per referral plus 30% of the trading fees generated by your referrals.

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Conclusion

Bybit offers a variety of bonuses and coupons that can significantly enhance your trading experience. By understanding how to claim, activate, and use these coupons, you can maximize your trading capital and reduce fees. Remember, while bonuses themselves cannot be withdrawn, the profits generated from trades using these bonuses are yours to keep and withdraw. Stay updated with Bybit’s latest promotions to make the most of the trading platform.