Many apps provide roughly the same features as Bybit does. But, as we discussed, it’s not just the range of features that are important. The way the features work, the way they are displayed, and how the support team deals with users’ queries and problems contribute to a satisfactory experience of using the app.
Bybit tries to attain this equilibrium by providing a clean and interactive interface and low server downtimes. In spite of the various features available, the platform doesn’t feel too cluttered, and the app works quite smoothly. Here are some highlights of the Bybit app that help make it one of the fastest-growing crypto trading platforms in the world:
Huge Collection of Coins
On Bybit, you will find almost every popular coin you might be looking for. You can deposit and withdraw hundreds of currencies on the app. There are no deposit fees, and the withdrawal charges are mostly quite low compared to other platforms. Bybit offers some of the lowest withdrawal charges for most coins.
Spot and Derivatives Market
The Spot exchange on Bybit allows you to buy and sell hundreds of coins across five sets of coin pairs with base coins as USDT, USDT, BTC, UST, and DAI. The liquidity is quite high and stable and takes care of slippage charges and pending orders.
The Derivatives exchange is another thumbs up, as it enables seamless futures trading across numerous trading pairs. You can trade your desired coin pairs across USDT-Perpetual, USDC-Perpetual, and Inverse contracts. You can also trade for BTC options that allow you to buy and sell bitcoin at a pre-decided rate before a pre-specified time in the future.
The Spot and Derivatives markets in Bybit ensure a smooth overall trading experience.
24×7 Customer Support
There might be occasions when you face some issues while trading, depositing, withdrawing, or doing anything else on the platform. Bybit’s Customer Support team is there for you to steer you clear of any problem and answer all your queries round the clock. So, you don’t need to wait for hours for help or a reply.
With a capacity to handle up to 100,000 transactions in a second, Bybit boasts a strong network of servers that can efficiently process large chunks of data without flinching. So, you can forget high downtimes and server overloads.
Everyone loves rewards. And Bybit knows this well. That’s why it has an exciting rewards program that pays users to complete basic tasks on the app. You can get rewards for signing up, depositing coins, trading coins, and inviting your friends to Bybit (more on that later).
These are but some of the major features of Bybit, but you will discover many more features after you start using the platform and explore its possibilities.
Bybit Referral Code
|Bybit Referral Code||37369|
|Signup Bonus||Exclusive Bybit Bonuses|
|Eligibility||New Users Only|
|Refer & Earn||Up to 33% Commission on Trading Fees|
How to Apply Bybit Referral Code
Now that we have had enough of talking about Bybit’s features, it’s high time we told you the complete process of kickstarting your Bybit journey. Keep reading to know everything you need to get started with trading on the platform.
NOTE: You cannot sign up on Bybit if you belong to any one of the following countries:
- North Korea
- Mainland China
If you are a citizen or resident of one of these countries or regions, you can stop reading this blog.
First, let’s discuss how you can sign up on Bybit. Signing up is easy and only takes a couple of minutes. Follow these steps to sign up on Bybit:
Step 1: Open the Play Store and Download the Bybit app. You can do that by manually searching ‘Bybit’ or by following this link:
Step 2: After the app is installed, open the app. You will be shown a series of opening messages telling you about important features. You can either keep swiping left until you see the Get Started button or simply tap on the Skip button at the top-right corner.
Step 3: After tapping on the Skip or Get Started button, you will enter the Bybit Home Page. Tap on the circular Profile icon at the top-left corner of the screen.
Step 4: You will see a big Log In button at the top. Tap on this button to go to the Log In page.
Step 5: On the Log In page, tap on the Sign Up button to create an account using your email address or mobile number.
Step 6: You will get two options to sign up: Mobile Number or Email address. Enter your email address and set a strong password for your account.
Your password should contain 8-30 characters, including at least one lowercase letter, one uppercase letter, and one number.
Step 7: Tap on the Referral Code (Optional) button and enter the referral code 24995.
Step 9: You will be asked if you belong to one of the restricted countries mentioned earlier. Tap on No to continue.
Step 10: Complete the human verification check by dragging the slider to place it at the correct place in the puzzle.
Step 11: You need to enter a verification code sent to your email address. Check your email and find the email from Bybit. Then, copy the code and paste it into the Bybit app.
That’s it. You will be logged in to your Bybit account.
Reward Time! Here’s How to Get a $20 Sign Up Bonus on Bybit
You love rewards, don’t you? We all do. And Bybit has a reward program to gift its users with a $20 Derivatives bonus and more surprise rewards. Let’s just talk about the $20 bonus, and you can decide if it’s worth your time.
According to the current terms (as of 11th May 2022), Bybit will pay you $20 as a bonus if you complete the following tasks:
- Make your first deposit of at least $10 worth of cryptos.
- Do trading worth at least $10,000 ( total trading volume).
Note: You can deposit any cryptocurrency supported on Bybit to complete the first task.
Total Trading Volume is calculated using the following formula:
TOTAL TRADING VOLUME: Derivatives trading volume + (4×Spot Trading Volume)
After completing the two tasks, you’ll get a $20 bonus that you can use as a margin in the Derivatives market. The sad part is you cannot withdraw this bonus right away. But you can use this bonus to trade for Futures. Any profits you make can then be withdrawn.
So, this was the bonus program on Bybit. As we saw, it is exciting but comes with a catch.