Account
The Bybit Subaccount: What is it?
To accomplish specific trading goals, subaccounts let you manage smaller, independent Bybit accounts nested under a single Main Account.
How many Subaccounts are permitted at most?
Up to 20 Subaccounts can be supported by each Bybit Main Account.
Do Subaccounts need to have a certain minimum balance?
No, a minimum balance will not be required to maintain the activity of a Subaccount.
Verification
Why do we need KYC?
To increase security compliance for all traders, KYC is required.
Is registration required for KYC?
You must finish your KYC verification if you want to withdraw more than 2 BTC per day.
Please take note of the withdrawal restrictions listed below for each KYC level:
| KYC Level | Lv. 0 (no verification needed) | Lv. 1 | Lv.2 |
| Maximum Daily Withdrawal | 2 BTC | 50 BTC | 100 BTC |
**Token withdrawal restrictions will adhere to the equivalent value of the BTC index price**
Note: Bybit may send you a request for KYC verification.
How will the personal data I provide be used?
Your identity is confirmed using the data you provide. Bybid promises to protect the privacy of your personal data.
How much time does it take to verify KYC information?
It takes about fifteen minutes to complete the KYC verification procedure.
Note: It may take up to 48 hours for KYC verification due to the complexity of information verification.
What should I do if the KYC verification process is not completed for more than 48 hours?
Please send an email to support@bybit.com or use Bybid’s LiveChat support if you have any issues with KYC verification.
How will the company and personal information I provide be used?
We will use the details you provide to confirm the company’s and the individual’s identities. Documents belonging to the business and individuals will remain private.
Deposit
Will I be charged any transaction fees if I buy cryptocurrency through Bybits’ fiat service providers?
The majority of service providers require transaction fees on cryptocurrency purchases. For specific expenses, please visit the relevant service provider’s official website.
Is there any transaction fee that Bybit charges?
No, Bybit will not charge any transaction fees to its users.
Why does the service provider’s final price quote differ from the one I saw on Bybit?
The prices listed on Bybit are merely for reference and are based on quotes from third-party service providers. It might not match the final quote because of rounding errors or changes in the market. For accurate quotes, please visit the official website of the relevant service provider.
Why does my final exchange rate differ from the Bybit platform’s rate?
The information provided on Bybit is only estimates depending on the trader’s most recent inquiry. It doesn’t change dynamically in response to fluctuations in the cryptocurrency’s price. Please visit the website of our third-party providers for the final exchange rates and figures.
When will I receive the cryptocurrency that I bought?
After purchase, the cryptocurrency is typically deposited into your Bybit account between two and thirty minutes later. However, it might take longer according to the state of the blockchain network and the quality of service offered by the specific service provider. It may take up to a day for first-time users.
Withdrawal
How long will it take to withdraw funds?
Bybit facilitates instant withdrawal. The blockchain’s current network traffic determines how long it takes to process a request. Please be aware that some withdrawal requests are processed by Bybit three times a day, at 0800, 1600, and 2400 UTC. Withdrawal requests must be submitted 30 minutes prior to the scheduled withdrawal processing time.
For instance, at 0800 UTC, all requests submitted before 0730 UTC will be handled. After 07:30 UTC, requests will be handled at 1600 UTC.
Note:
All of the remaining bonuses in your account will be removed once your withdrawal request has been successfully processed.
Does a single instant withdrawal have a maximum amount limit?
Currently, yes. Please review the information below
| Coins | Wallet 2.01 | Wallet 1.02 |
| BTC | ≥0.1 | |
| ETH | ≥15 | |
| EOS | ≥12,000 | |
| XRP | ≥50,000 | |
| USDT | Unavailable | Refer to withdrawal limit3 |
| Others | Support instant withdrawal. Refer to withdrawal limit3 | Support instant withdrawal. Refer to withdrawal limit3 |
- Wallet 2.0 allows for instantaneous withdrawals.
- All withdrawal requests can be processed by Wallet 1.0 three times a day, at 0800, 1600, and 2400 UTC.
- Please refer to the requirements for the KYC daily withdrawal limit.
Is there an extra charge for deposits or withdrawals?
Yes. Kindly note that different withdrawal fees apply to every Bybit withdrawal.
| Coin | Withdrawal Fees |
| AAVE | 0.16 |
| ADA | 2 |
| AGLD | 6.76 |
| ANKR | 318 |
| AXS | 0.39 |
| BAT | 38 |
| BCH | 0.01 |
| BIT | 13.43 |
| BTC | 0.0005 |
| CBX | 18 |
| CHZ | 80 |
| COMP | 0.068 |
| CRV | 10 |
| DASH | 0.002 |
| DOGE | 5 |
| DOT | 0.1 |
| DYDX | 9.45 |
| EOS | 0.1 |
| ETH | 0.005 |
| FIL | 0.001 |
| GODS | 5.8 |
| GRT | 39 |
| ICP | 0.006 |
| IMX | 1 |
| KLAY | 0.01 |
| KSM | 0.21 |
| LINK | 0.512 |
| LTC | 0.001 |
| LUNA | 0.02 |
| MANA | 32 |
| MKR | 0.0095 |
| NU | 30 |
| OMG | 2.01 |
| PERP | 3.21 |
| QNT | 0.098 |
| SAND | 17 |
| SPELL | 812 |
| SOL | 0.01 |
| SRM | 3.53 |
| SUSHI | 2.3 |
| TRIBE | 44.5 |
| UNI | 1.16 |
| USDC | 25 |
| USDT (ERC-20) | 10 |
| USDT (TRC-20) | 1 |
| WAVE | 0.002 |
| XLM | 0.02 |
| XRP | 0.25 |
| XTZ | 1 |
| YFI | 0.00082 |
| ZRX | 27 |
Does a deposit or withdrawal require a minimum amount?
Sure. For minimum withdrawal amounts, please refer to the list below.
| Coin | Minimum Deposit | Minimum Withdrawal |
| BTC | No minimum | 0.001BTC |
| ETH | No minimum | 0.02ETH |
| BIT | 8BIT | |
| EOS | No minimum | 0.2EOS |
| XRP | No minimum | 20XRP |
| USDT(ERC-20) | No minimum | 20 USDT |
| USDT(TRC-20) | No minimum | 10 USDT |
| DOGE | No minimum | 25 DOGE |
| DOT | No minimum | 1.5 DOT |
| LTC | No minimum | 0.1 LTC |
| XLM | No minimum | 8 XLM |
| UNI | No minimum | 2.02 |
| SUSHI | No minimum | 4.6 |
| YFI | 0.0016 | |
| LINK | No minimum | 1.12 |
| AAVE | No minimum | 0.32 |
| COMP | No minimum | 0.14 |
| MKR | No minimum | 0.016 |
| DYDX | No minimum | 15 |
| MANA | No minimum | 126 |
| AXS | No minimum | 0.78 |
| CHZ | No minimum | 160 |
| ADA | No minimum | 2 |
| ICP | No minimum | 0.006 |
| KSM | 0.21 | |
| BCH | No minimum | 0.01 |
| XTZ | No minimum | 1 |
| KLAY | No minimum | 0.01 |
| PERP | No minimum | 6.42 |
| ANKR | No minimum | 636 |
| CRV | No minimum | 20 |
| ZRX | No minimum | 54 |
| AGLD | No minimum | 13 |
| BAT | No minimum | 76 |
| OMG | No minimum | 4.02 |
| TRIBE | 86 | |
| USDC | No minimum | 50 |
| QNT | No minimum | 0.2 |
| GRT | No minimum | 78 |
| SRM | No minimum | 7.06 |
| SOL | No minimum | 0.21 |
| FIL | No minimum | 0.1 |
Trading
What’s the distinction between spot trading and contract trading?
Spot trading differs from contract trading in that the underlying asset must be owned by the trader. In order to engage in crypto spot trading, traders must buy a cryptocurrency, like Bitcoin, and hold onto it until its value rises or use it to purchase other altcoins they believe will also appreciate in value.
Investors do not actually possess cryptocurrency in the crypto derivatives market. Instead, they speculate about the price of cryptocurrencies when trading. If traders believe the asset’s value will increase, they can go long; if they believe it will decrease, they can go short.
There is no need to buy or sell any real assets because all transactions are done through contracts.
What is Maker/Taker?
Traders enter the quantity and order price and place the order in the order book. The order remains in the order book until it is matched, thus increasing market depth. This is referred to as a maker, offering other traders liquidity.
When an order is instantly executed against an order that already exists in the order book, it is referred to as a taker, decreasing the market depth.
What is the spot trading fee on Bybit?
Bybit charges a trading fee of 0.1% to both Taker and Maker.
What are Market Orders, Limit Orders, and Conditional Orders?
To accommodate the various demands of traders, Bybit offers three distinct order types: Market Order, Limit Order, and Conditional Order.
| Order Type | Definition | Executed Price |
| Market Order | Traders are able to set the order quantity, but not the order price. The order will be filled immediately at the best available price in the order book. | Filled at the best available price. |
| Limit Order | Traders are able to set both the order quantity and order price. When the last traded price reaches the set order limit price, the order will be executed. | Filled at the limit price or best available price. |
| Conditional Order | Once the last traded price meets the preset trigger price, a conditional market and conditional taker limit order will be filled immediately, while a conditional maker limit order will be submitted to the order book once triggered to be filled pending execution. |
Filled at the limit price or best available price. |
Why can’t I enter the amount of crypto that I want to buy when using Market Buy Orders?
The best price listed in the order book is used to fill market buy orders. Instead of entering the amount of cryptocurrency to purchase, traders should enter the amount of assets (USDT) they wish to use. This is more accurate.
>>> How to Trend Trade Cryptocurrency in Bybit for Beginners
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