how to earn money on bybit without trading

Bybit offers a plethora of options to generate income passively without trading, such as interest earning on crypto, Dual Asset purchases, Launchpool investments, and the affiliate program.

Nov 09, 2024 at 03:02 pm

How to Earn Money on Bybit Without Trading

Bybit, a popular cryptocurrency exchange, offers various ways to earn rewards and passive income without actively trading. Here are some methods:

1. Earn Interest on Cryptocurrencies (Savings & Staking)

• Savings: Deposit your supported cryptocurrencies into Bybit's Savings account to earn interest. The interest rates vary depending on the coin and the duration of the holding period.
• Staking: Participate in the proof-of-stake (PoS) consensus mechanism of certain cryptocurrencies (e.g., USDT, ETH, DOT). Lock your coins on Bybit to support the network and earn rewards.

2. Bybit Earn Products

• Dual Asset: Purchase a product that pays out a fixed yield at expiration, regardless of market conditions. You can choose between different pairs of assets and maturities.
• Launchpool: Participate in the initial exchange offerings (IEOs) of new cryptocurrencies. Stake your Bybit Token (BIT) to gain access to token allocations at favorable prices.
• Derivatives Mining: Earn rewards by providing liquidity to the Bybit derivatives markets. Lenders can participate in this activity and receive interest payments from borrowers.

3. Bybit Grid Trading Bot

• Set up an automated trading strategy using the Bybit Grid Trading Bot. It buys low and sells high within a predefined price range, allowing you to capitalize on market volatility.

4. Affiliate Program

• Refer new users to Bybit and earn commissions on their trading volume. By sharing a referral link or QR code, you can receive a percentage of their trading fees.

5. Launchpad

• Participate in the launch of new crypto projects on the Bybit Launchpad platform. By providing liquidity or staking BIT, you can access exclusive rewards and early token allocations.

6. Educational Rewards

• Participate in Bybit's educational programs, quizzes, and competitions to earn Bybit Token (BIT) and other rewards. Learning about the cryptocurrency market can also be financially rewarding.

7. Liquidity Mining

• Provide liquidity to Bybit's liquidity pools to earn rewards. Deposit your cryptocurrencies into supported pools and earn a portion of the trading fees generated by that pool.

8. Event Rewards

• Participate in Bybit's regular events, such as trading competitions, airdrops, and giveaways. These events offer opportunities to earn cryptocurrencies, NFTs, and other prizes.