Key Takeaways:

– Use the referral code “COINCU” on Bybit to receive up to 35% cashback on trading fees. – Once all steps are completed, submit the FORM and contact the Telegram Group for verification.

Bybit is an exchange that focuses on derivatives in the crypto market, so participating in trading on the exchange mainly serves short-term traders. If you are looking to save on trading costs, refer to this article to learn about Bybit cashback programs.

Overview of Bybit and Its Offerings

Introduction to the Bybit Cashback Program

Bybit cashback program is tailored to provide users with incentives in the form of transaction fee refunds in the form of vouchers. Even though cashbacks cannot produce an instant effect on reducing expenses, in the long run, they do help diminish costs.

To participate in the cashback program on Bybit, one needs to register on the exchange and then pass the required KYC (Know Your Customer) verification. Once verified, one can order a Bybit card and start earning cashback.

How the Bybit Cashback Program Works

Bybit cashback program gives cashback on every trade. The cashback rate is determined by your trading volume and the cashback voucher bonus rate. It calculates cashback immediately after each trade made for buying or selling cryptocurrencies.

Introduction of Bybit Card Rewards 2.0

Earning and Redeeming Cashback Points

Bybit introduced a brand-new loyalty program for users of the Bybit Card, which it plans to use to reward customers for their continuous support.

For every spend using the crypto-funded Bybit Card, users will receive Rewards Points that can be redeemed against a diversified array of items, including but not limited to bonuses and coupons on offer and some exclusive merchandise found at the Reward Market. These can also be converted into cashback for added value to cardholders.

Details on the Auto Cashback Function: Converting Points to USDT

The Bybit Card reward program is tiered with different point multipliers for different VIP levels. There are differences in monthly caps per user’s VIP level. The points have no expiration date.

All points earned will be accrued and stand at “pending” status for 3 days after a successful transaction, and thereafter they will be held at “pending” status for three more days before they become eligible to be redeemed at the Rewards Market.

For every expenditure of 1 unit of EUR, GBP, USD, or 900 ARS, the user earns 1 point. The points can be redeemed in USDT, calculated at 0.002 USDT per point. A minimum of 50 points can be redeemed. If users do not have enough points to redeem a selected item, they may continue to earn it by spending using their Bybit Card.

Step-by-step Guide to Applying for the Bybit Card

Any Bybit Card holder who has turned the auto cashback button on is free to make use of the functionality, regardless of whether one uses a virtual card lite, a virtual card, or a physical card. For detailed steps for each card type, you can learn more here.

Bybit Cashback Code On Trading Fees

Benefits of Using Bybit Cashback Code

The Bybit cashback code is a great way for users to participate in trading, more so for active cryptocurrency traders. Some of its key benefits include:

Reduced Trading Costs

• Lower Fees: Cashback codes often cut down on the fees that are charged for trading on Bybit, thus allowing traders to take home a bigger share of their profits.
• Enhanced Savings: Savings that are realized from fee reductions might be huge, especially for those who trade in high volumes.

Increased Profit Margins

• Boosted Returns: Lower costs per trade increase returns. It makes trading more profitable because the profit margin for successful trades rises.
• Optimized Strategy: A trader can take more frequent or larger positions without too much concern about the impact of fees on the bottom line.

Exclusive Offers

• Special Promotion: Very often, Bybit cashback codes provide access to exclusive offers that include bonuses, rebates, or improved withdrawal limits.
• Loyalty Rewards: The frequent use of cashback codes may also render traders eligible for additional loyalty rewards or VIP perks on the platform.

Ease of Use

• Easy Application: It is easy to apply a cashback code, and hence any trader, irrespective of experience, can have reduced costs.
• Instant Activation: Most of the time, benefits are applied immediately on entering the code, and traders can continue trading with reduced fees amongst other benefits.

Risk Mitigation

• Cost Buffer: Cashback code savings can offset some of your trading losses, thereby reducing your overall exposure to trading-related financial risk.
• Increased Flexibility: As costs go down, traders are able to experiment more with new strategies or take calculated bets without being overly concerned about fees.

How to Get Bybit Cashback Code

Step 1: Create a new account using the link https://partner.bybit.com/b/coincu (Website) or referral code COINCU (Mobile) to receive a cashback of up to 35% from Bybit.

Step 2: Complete the reCAPTCHA verification and enter the verification code sent to you.

• If you choose Email, you’ll get the code in your email inbox.
• If you choose Mobile, you’ll get an SMS code on your phone.

Step 3: Go to Identity Verification and click Verify Now.

Step 4: Click on the Identity Transfer button in the upper right corner of the Identity verification page.

Step 5: For security, complete some verification of your current account, like facial recognition or a security code.

Step 6: Acknowledge the Terms and Conditions in the pop-up window and click Continue.

Step 7: Enter the registered email address or mobile number of the target account and click Continue.

Step 8: Complete the Security Verification by entering the verification code sent to your target account.

Step 9: After passing the verification, your identity information will be transferred to the target account. Your current account will return to unverified status.

Step 10: Once all steps are completed, submit the FORM and contact the Telegram Group for verification.

Conclusion

Bybit cashback program is not a bad choice if you are an active trader on Bybit. With the exclusive Bybit cashback code that we provide, we hope you will have more great experiences when trading.

FAQs

Can I withdraw Bybit rewards?

Yes. You can withdraw Bybit rewards when you join Bybit Card.

How do I get my money back from Bybit?

You can withdraw the crypto from your Bybit funding account and send it to an external wallet or exchange. Additionally, you can use the exchange’s P2P trading feature to convert to fiat.

Is Bybit Card free?

Anyone with a verified Bybit account can order a Bybit Card. However, while the virtual card is instantly usable and free, users who want a physical Bybit Card must pay an issuance fee.

Can I use the Bybit Card outside of Europe?

Yes. The Bybit card is available in the European Economic Area. Additionally, the card is also supported in Australia.