how to use bybit rewards

How to Utilize Bybit RewardsStep 1: Understanding Bybit Rewards

Bybit Rewards is a loyalty program that offers benefits and incentives to Bybit users. It encompasses a tiered system where users earn rewards based on their activity and trading volume.

Tier System:

• Beginner: 0-10,000 USDT trading volume
• Intermediate: 10,000-50,000 USDT trading volume
• Advanced: 50,000-100,000 USDT trading volume
• Elite: 100,000+ USDT trading volume

Step 2: Accumulating Reward Points

• Trading Fees: Pay trading fees using BIT or USDT to earn Tier Points (TPs).
• Referrals: Invite new users to the platform and earn TPs and commission rebates.
• Participation in Events: Participate in Bybit's events and promotions to earn rewards.

Step 3: Redeeming Bybit Rewards

Once you have accumulated enough TPs, you can redeem them for the following rewards:

• Discount Vouchers: Reduce trading fees or subscription prices.
• Exclusive Benefits: Access to VIP support, market insights, and special offers.
• Trading Bonuses: Receive trading bonus funds that can be used for trading.
• Mystery Box: Redeem TPs for a chance to win a random assortment of prizes.

Step 4: Using Discount Vouchers

• Spot Trading: Use vouchers to reduce trading fees.
• USDT Deposits: Redeem vouchers to receive USDT bonus upon deposit.
• Subscriptions: Apply vouchers to save on subscription costs for TradingView and other services.

Step 5: Monitoring Reward Status

Track your reward progress and tier level in the "My Rewards" section in the Bybit dashboard.

Conclusion

By understanding and utilizing Bybit Rewards, you can maximize your trading experience and enjoy a range of benefits. By accumulating TPs through various activities, you can redeem valuable rewards that can further enhance your trading strategies and savings.