When it comes to trading cryptocurrencies, there are various options for investors and traders. In addition to simply investing in cryptocurrencies, experienced traders can also invest in crypto derivatives. A famous crypto derivatives broker is Bybit. This company recently announced multiple bonus programs that amount to a total of $9,020 up for grabs. In this article, we’re going to introduce Bybit, walk you through a step-by-step guide on how to register, and benefit from all the bonuses. Ready? Let’s go!
What is Bybit crypto?
Bybit is one of those crypto exchanges that is growing fast. This exchange started to operate back in March 2018, and already has more than 2 million users. After successfully registering, you can start trading perpetual contracts. There are trading pairs of various cryptocurrencies against the US dollar. Cryptos so far include Bitcoin, Ethereum, EOS, and Ripple. With perpetual contracts, traders’ positions are not time-limited.
What makes Bybit successful is its easy-to-use platform and its high leverage offerings that can reach 100x. Careful though, leverage is a double-edged sword. You can make a lot of money if the market moves in your favor, but also lose a lot if the market moves against you.
Is Bybit Crypto Safe?
Since Bybit has been in the market for more than 3 years, we can’t but acknowledge this achievement. Any company that passes 2 years successfully knows what they’re doing.
Additionally, this exchange stores its client’s cryptocurrencies offline in cold storage wallets. This means that hackers and attackers won’t have digital access to the funds. The company also reviews each withdrawal request to avoid hackers making transfers on the behalf of the actual clients.
How to Benefit from ByBit Crypto Promotions?
Currently, Bybit is offering many promotions that amount to $9,020 if unlocked fully. Here are easy steps to let you in on all the goodies.
#1 Register on Bybit
If you choose to sign-up on Bybit today, you will benefit from a 0$ maker fee for 30 days! Don’t know what a maker fee is?
Well, when someone normally places an order on an order book (be it a buy order or sell order), and then someone else fulfills this order, the latter pays something called a maker fee. On Bybit, the normal maker fee is 0.01%, which is low compared to the industry standard.
Now onto the registration step. To do this, click on this link. On the following page, you enter an email and a password. Then answer a question and confirm your email address with a code.
You will then be taken to the following page where you select the option that you are new to trading at Bybit. Once done, your account is set up. On to the next chapter: Registering for promotions!
#2 Register for the Blast-Off Promotion
The Blast-Off promotion allows users to benefit from up to a $3,000 bonus on their first deposit. This promotion is valid until May 31st, 2022. Also, users need to make a deposit after 7 days of creating their accounts. So make sure to go over step #1, then click on this link to register for the blast-off event.
If you meet the deposit requirements, you’ll get a bonus according to your deposit amount. Additionally, users who make their first-time deposit (> $0 in any eligible asset) during the event period will receive a 3-Day 10% APY Earn Interest Booster. Earn Interest Vouchers will be given for USDT Flexible Savings only and capped at 20 USDT.
#3 Go Higher, Go Bolder Promotion
With this promotion, users who are trading spot or derivatives on the platform participate directly in a prize pool. The maximum prize pool for the whole competition is 2,000,000 USDT (1M for the Trading Competition and 1M for the Deposit and Trade Event). The final results will be shown on the main page once confirmed.
The registration for this promotion ends in 3 days (May 4th, 2022). So don’t miss your chance to participate as the entry requirements are 0 USDT! The maximum you can earn from this promotion is $5,000.
#4 Earn by Simply referring friends!
Most trading companies put a cap on the number of reward cards you can chalk up from referral trading. Bybit on the other hand does not! After signing up, you can earn up to $1,020 on each
How to Buy Crypto on Bybit exchange
Once you have registered, you can go to the home screen, click on “Buy Crypto” in the header bar, and then click on “Express”.
Next, select the payment method and confirm the terms and conditions. You will then be redirected to the payment method page and confirm the purchase of cryptocurrencies.
And that’s it! You now own your very first cryptocurrency. Remember that you have many other options on Bybit to choose from.