Bybit, established in March 2018, has rapidly grown into one of the top cryptocurrency derivatives exchanges with over 3 million registered users. This comprehensive guide walks you through account setup, security enhancement, and funding methods while highlighting key platform features.
Why Choose Bybit Exchange?
As a Singapore-based platform specializing in crypto derivatives, Bybit offers:
- 100+ cryptocurrency pairs for spot and derivatives trading
- Proprietary matching engine handling 100,000 transactions/second
- 24/7 multilingual customer support
- BitDAO integration - among the largest decentralized autonomous organizations
- Upcoming features including NFT platforms, options trading, and USDC perpetual contracts
👉 Claim your Bybit registration bonus today
How to Register a Bybit Account in 1 Minute
- Visit the exclusive registration page (ensure invite code 25974 appears)
- Enter your email address and create a secure password
- Check your email for the verification code
- Complete basic onboarding (optional for experienced traders)
Pro Tip: Use our referral link to qualify for limited-time bonus funds.
Bybit Identity Verification Process
Level 1 Certification (Recommended for Most Users)
- Navigate to Account & Security > Identity Verification
- Select nationality (Taiwan available)
- Choose ID type (national ID/passport)
- Upload document photos
- Complete facial recognition scan
Daily withdrawal limit: 50 BTC after Level 1 verification
Level 2 Certification (Optional)
- Requires proof of residence
- Higher withdrawal limits for institutional traders
Essential Security Settings
Two-Factor Authentication (2FA) Setup
SMS Verification:
- Register your mobile number under 2FA settings
Google Authenticator:
- Download the Google Authenticator app
- Scan the QR code in your Bybit account
- Store recovery keys securely
- Enter generated 6-digit codes during login
Security Note: Always enable both SMS and Google Authenticator for maximum protection.
Funding Your Bybit Account
Method 1: Wallet Transfer (Recommended)
- Access Assets > Spot Account
- Select USDT Deposit
- Choose TRC20 network for lower fees
- Transfer USDT from another exchange using the provided address
Method 2: Quick Buy
- Available for credit card/debit card purchases
- Higher processing fees compared to wallet transfers
Funding Tip: Purchase USDT through Taiwan-friendly exchanges like ACE or MAX before transferring to Bybit.
Bybit Platform Advantages
- Competitive fees (lower than Binance for derivatives)
Regular earning opportunities through:
- Launchpad/Launchpool events
- ByVote participation rewards
- Advanced trading tools for all experience levels
👉 Start trading with Bybit's powerful platform
FAQ: Bybit Account Management
Q: Is Bybit safe for beginners?
A: Yes, with proper security setup (2FA, verified identity), Bybit offers a secure environment suitable for newcomers to crypto trading.
Q: What's the minimum deposit amount?
A: Bybit has no minimum deposit requirement, but network fees may apply for small transfers.
Q: Can I withdraw without verification?
A: No, identity verification (Level 1) is mandatory for withdrawals to comply with financial regulations.
Q: How long do deposits take?
A: Wallet transfers typically confirm within 20 minutes (depending on network congestion), while card purchases are instant.
Q: What if I lose my Google Authenticator?
A: Use your stored recovery keys during setup to restore access through a new device.
Q: Are there Taiwan-specific features?
A: Bybit supports Traditional Chinese interface and includes Taiwan as a selectable region in verification.
Getting Started with Crypto Investing
Bybit serves as an excellent gateway into digital asset markets. For complementary tools, consider:
- Automated trading bots (like Pionex's grid trading systems)
- Dollar-cost averaging strategies
- Stablecoin earning products
Educational Resource: Learn crypto basics through our Essential Terminology Guide.