Guide to Opening a Bybit Account and Earning up to $30 in Rewards

If you've been following our Telegram channel, you might already know that Gamefinity previously introduced a lucrative opportunity on Bybit Launchpad, offering nearly a 45x profit margin.

The token GENE purchased on Bybit Launchpad was priced at just $0.8. At its peak, GENE reached $36 within a span of two weeks.

While Binance and MEXC are well-established, Bybit is set to emerge as a highly competitive exchange with promising products and user incentives in the near future.

Therefore, in today's article, Gamefinity will guide you through the process of registering and using the Bybit trading platform from A to Z to potentially earn rewards of up to $30.

Watch the video below for instructions on claiming $30 from Bybit.

What is Bybit?

Bybit is a cryptocurrency exchange platform, ranked third in derivatives trading volume within the crypto market.

With fast transaction speeds and excellent customer service, the exchange aims to provide the best trading experience for traders. Bybit offers leverage of up to 100x for perpetual contracts.

Established in March 2018, Bybit is headquartered in Singapore and registered in the British Virgin Islands (BVI).

In addition to its Singapore headquarters, Bybit has representative offices in Hong Kong and Taiwan. Its key markets include North America, Europe, Russia, Japan, South Korea, and Southeast Asia, including Vietnam.

Bybit's team comprises experts from the forex market, including developers with previous experience at Morgan Stanley, Tencent, Ping'an Bank, and Nuoya Fortune.

Is Bybit reputable?

Since its inception, Bybit has never been hacked or shown signs of platform failure. This partially demonstrates the technical expertise in ensuring the security and safety of customer accounts.

Bybit implements security measures such as 2-factor authentication (2FA) via email, SMS, and Google authentication.

Advantages and Disadvantages of Bybit

Here are some pros and cons of Bybit to consider before starting trading:

Pros:

• Simplified user interface and participation process, focusing on providing leveraged trades of crypto derivatives.
• 24/7 customer support team to promptly resolve user issues.
• Provides comprehensive API services for third-party trading applications.
• Regularly hosts Trading Competitions to incentivize traders.
• Offers an Affiliate Program for earning commissions.
• No KYC required to start trading.
• Low trading fees: Taker Fee = 0.0750%, Maker Fee = 0.0250%.
• Bybit has user-friendly mobile applications for both iOS and Android devices.
• The website interface supports Vietnamese language.

Cons:

• Limited variety of trading products, though future updates may introduce new trading pairs.

Opening a Bybit Account to Earn up to $30 in Rewards

Registering a Bybit Account

Step 1: Register your account using this link to receive a 10% trading fee discount: https://bybit.com/gamefinity.

Step 2: Complete the registration details using either email or phone number. Required information includes: email/phone number, password, confirmation password, referral code (if any).

Step 3: Check "I agree to Bybit's terms and policies," then click Continue.

Step 4: Verify your registration through the password sent to your registered email or phone number.

Congratulations! You've completed the Bybit account registration process.

Completing KYC Level 1

Visit https://www.bybit.com/user/accounts/auth/personal and follow the instructions to complete KYC Level 1.

Setting Up 2FA for your Bybit Account

Step 1: Go to Account and Security in the top right corner of the interface. Then, select Two-factor authentication → Email/SMS/Google authentication → Set up.

Step 2: Enter the 6-character code sent to one of the chosen methods above. For convenience, you can choose email or phone.

Step 3: After confirmation, use Google Authenticator or Authy to scan the QR code, enter the 6-digit QR code to verify Bybit.

Congratulations! You've completed the Bybit account verification process.

Depositing and Withdrawing Funds on Bybit

Depositing Funds

Step 1: On the screen interface, select Assets under My Account and Security.

Step 2: Choose the type of coin you wish to deposit, click Deposit, and transfer funds to the Bybit-provided address by scanning the QR code or copying the address, then click Confirm.

Withdrawing Funds

Withdrawing funds follows a similar process to depositing. Instead of selecting Deposit, choose Withdraw. Next, enter the destination wallet address and the amount you wish to withdraw, then click Submit.

Trading on Bybit

After depositing funds into your account, navigate to the Trade interface and choose either USDT Perpetual or Inverse Perpetual trading.

The three common types of orders on Bybit are:

1. Limit: Activates when a desired price level is reached.
2. Market: Automatically selects the best price and executes immediately.
3. Conditional: Triggers an order book entry upon reaching the Trigger Price. This is an advanced order type, so beginners should start with the first two types.

Conclusion

The above information provides an overview of Bybit and related aspects. We hope this article proves useful to you.

For any account-related issues, you can directly chat with the support team via the online chat window or join their Telegram group.