A Guide on How to Claim Your Bybit Welcome Bonus
Bybit is known for its user-friendly interface and smart features, making it the cryptocurrency exchange of choice for traders. The exchange provides enhanced safety features, up to 200x leverage, a wide range of trading tools, and more. The platform offers a welcome bonus for new traders that they can claim by completing tasks such as meeting trading and deposit requirements. Understanding how to properly claim the Bybit welcome bonus is important, as one mistake can prevent you from receiving your reward.
In this blog, we will discuss what the Bybit signup bonus is, how you can claim it, and more.
What is the Bybit Signup Bonus?
The Bybit signup bonus is usually provided in the form of trading credits or rewards that can be used to compensate for trading losses or fees. When the users make a deposit and start trading, they get the chance to earn up to $5,000 in bonuses and VIP status upgrades. These bonuses are not typically withdrawable as cash, but they can significantly improve your trading experience by allowing you to place trades with lower personal risk.
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To claim rewards, users will have to complete tasks such as:
The amount and type of bonus might change depending on regional availability, current promotions, and whether you complete optional tasks after registration. It is always better to read the promotion details carefully within your Bybit account.
Important Reads: How to Use Bybit
In order to claim your Bybit welcome bonus, you will have to do the following.
Create Your Bybit Account
You must create a Bybit account to claim your Bybit signup bonus. Follow the instructions to create an account:
- Go to the Bybit website.
- Click on the Signup button in the top right corner.
- Select your location.
- Enter your email address and verify it.
- Create a password according to the onscreen instructions.
Complete Identity Verification
The verification process takes only two to five minutes if you have a valid ID. Here is how you can verify your identity:
- Open the Bybit website or the application.
- Log in to your account.
- Click on the profile icon and then select Account.
- Look for the Identity Verification column under the Account Info and click on Verify Now.
- Select the country of your residence and region.
- Follow the on-screen verification requirements.
Make sure you choose your country and region carefully, as your choice will influence your verification process. Once the information is confirmed, you may still make some changes, but additional verification may be required for that.
Important Reads: How to Complete KYC on Bybit
Meeting The Bonus Eligibility
To become eligible for the bonus, users must complete Identity Verification. Users can claim up to 5,100 USDT and enjoy 555% APR on savings. They must also deposit $100 and trade $10 to earn airdrops. Users can also complete simple trading tasks and earn rewards up to $5,100. The bonus is usually credited automatically once these requirements are fulfilled. It must be noted that bonuses may have an expiration date, so completing the requirements quickly is very important.
Common Mistakes to Avoid
Here are some common mistakes that you should avoid:
- Complete your Identity Verification and don’t miss any deadlines.
- Remember that the bonus cannot be withdrawn directly.
- Make sure you deposit the correct amount and meet the correct trading requirements.
- Read the rules carefully before applying for a bonus.
- Do not create multiple accounts to claim the welcome bonus again.
Important Reads: How to Withdraw Funds from Bybit
Final Takeaways!
Learning how to claim your Bybit welcome bonus is important if you plan on using your account to trade cryptocurrencies. If you follow the steps mentioned above and pay attention to the requirements, claiming your bonus becomes easy. By registering properly, completing verification, and meeting the eligibility conditions, you can unlock valuable trading rewards that will enhance your experience on the Bybit platform.
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FAQs
What is a Bybit signup bonus?
It is a promotional trading reward offered to new users to help compensate for trading fees or losses.
Is the Bybit signup bonus free?
Yes, but you must meet certain conditions, such as registration, verification, and some trading activity in your account.
Do I need to deposit money to get the bonus?
Yes, some bonuses require a deposit, while others are available after completing certain tasks.
Can I withdraw the signup bonus directly?
No, the bonus itself is not withdrawable, but direct profits earned using it can be.
Can existing users claim the signup bonus?
No, signup bonuses are only available to new users.
Disclaimer: All content on The Moon Show is for informational and educational purposes only. The opinions expressed do not constitute financial advice or recommendations to buy, sell, or trade cryptocurrencies. Trading involves significant risk and may result in substantial losses. Always seek independent financial advice before making investment decisions. The Moon Show is not responsible for any financial losses or decisions made based on the information provided.
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