Bybit Referral Fee 20% Discount

For users new to Bybit, the first thing to check is whether the 20% referral fee discount is applied. Bybit is one of the major global cryptocurrency exchanges, and since fees are charged for every transaction, the accumulated cost can increase as your trading volume grows. Especially for users who frequently trade short-term or make repeated transactions, the long-term savings gained from using a referral code can be significant.

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The 20% referral fee discount is available to all new users during account registration, either by entering a referral code or signing up through a referral link. Since referral codes cannot be changed after an account is created, it is essential to confirm that the code has been applied correctly during the registration process.

This discount provides ongoing savings across various trading environments, including spot and margin trading, making it an essential setting that should not be overlooked when starting with Bybit.

Bybit Registration

Bybit registration is simple, but includes important steps that affect account security and trading convenience. By following the guide below, even beginners can easily complete the registration process

1. Access the Official Website

To avoid phishing sites or similar fake domains, always access the official Bybit homepage or a trusted referral link. When using a referral link, the 20% referral 바이비트 수수료 discount is applied automatically.

2. Enter Email or Phone Number

On the registration page, enter your email or mobile number, then input the verification code sent to you. Email registration is commonly preferred due to its stable verification process.

3. Set Your Password

Your Bybit password must meet the following requirements:

At least 8 characters

Includes numbers

Includes uppercase letters

For security reasons, it is recommended not to reuse passwords from other websites.

4. Complete Basic Account Creation

Although the basic account is created, you must complete the OTP setup method and identity verification steps to use trading and withdrawal features.

Bybit OTP Setup Method

OTP is one of the most important security features for protecting your Bybit account. OTP verification is required for essential actions such as login, withdrawals, and security modifications, significantly enhancing account protection.

1. Go to the Security Menu

After logging in, go to the profile menu and click the Security section. This is where you can configure two-factor authentication (2FA).

2. Select Google Authenticator

Download and install the Google Authenticator app on your smartphone. Scan the QR code displayed on Bybit to link your account with the app.

3. Back Up the Recovery Code

The recovery code issued during OTP setup is extremely important. If your phone is lost or the app is reset, the recovery code is essential for restoring OTP access. Store it safely in a secure location.

4. Complete OTP Verification

Enter the six-digit code generated on Google Authenticator to complete OTP setup. From this point on, OTP authentication will be required for all important account activities.

Bybit Spot Trading Method

The Bybit spot trading method is the most basic trading model, allowing users to directly buy and sell cryptocurrencies. It is an essential starting point for beginners and a helpful way to understand trading fundamentals.

1. Check Assets in Your Spot Wallet

To begin spot trading, you must have assets in your Bybit spot wallet. Transfer cryptocurrency purchased from a domestic exchange to your Bybit deposit address.

2. Select a Trading Pair

On the spot trading screen, select the trading pair you want to trade. Common examples include:

BTC/USDT

ETH/USDT

XRP/USDT

After selecting a pair, you can view charts, order books, and recent trade history.

3. Choose an Order Type

Spot trading supports two main types of orders:

Limit Order: Executes at the price you set

Market Order: Executes immediately at the current market price

Limit orders are ideal when you have a specific target price, while market orders are convenient for quick execution, especially for beginners.

4. Execute Buy or Sell

Enter the quantity and click Buy (purchase) or Sell to complete the trade. Once the trade is executed, the purchased or sold assets will immediately appear in your spot wallet.

Final Notes

For users starting Bybit for the first time, understanding the 20% referral discount, registration steps, OTP setup method, and spot trading method is extremely important. By mastering these fundamentals, you can avoid unnecessary mistakes and build a safer, more efficient trading environment.