How to use the Bybit referral code to get discounts?

Understanding Bybit Referral Codes

1. A Bybit referral code is a unique alphanumeric string assigned to each registered user upon account creation.

2. This code serves as an identifier that links new users to the referrer during the onboarding process.

3. When a new user enters the code during sign-up or in the referral section of their account dashboard, both parties become eligible for specific incentives.

4. The system automatically validates the code against Bybit’s internal database and activates benefits once KYC verification is completed.

5. Referral codes are not transferable between accounts and expire if unused for more than 90 days after generation.

Step-by-Step Activation Process

1. Log into your Bybit account via web or mobile application and navigate to the “Referral” tab under “Account Center”.

2. Locate your personal referral link and copy the embedded code displayed beside it.

3. Share the code directly with others or embed it in social media posts, forums, or educational content related to cryptocurrency trading.

4. New users must enter the code at the time of registration — it cannot be added retroactively after account creation.

5. After the referred user completes identity verification and makes their first trade, reward distribution begins within 72 hours.

Available Discount Structures

1. Trading fee rebates are calculated based on the referred user’s 30-day cumulative trading volume and tiered maker/taker fee schedules.

2. Futures traders receive up to 15% commission rebate on fees generated by their referrals’ derivative positions.

3. Spot market participants earn 10% lifetime fee discount applied to all executed spot orders placed by referred accounts.

4. Margin trading referrals unlock bonus USDT allocations subject to minimum borrow thresholds and interest rate adjustments.

5. No cash withdrawals are permitted from referral balances — rewards remain locked as platform credits usable only for fee deductions.

Eligibility and Restrictions

1. Only verified accounts with completed Level 2 KYC can issue or redeem referral benefits.

2. Users flagged for suspicious activity, including multi-accounting or bot-driven trades, forfeit all accrued referral earnings.

3. Referral rewards do not apply to OTC desk transactions, P2P trades, or Bybit Earn product subscriptions.

4. Geographic restrictions apply — residents of sanctioned jurisdictions such as Iran, North Korea, and the United States are excluded from participation.

5. Bybit reserves the right to modify reward parameters without prior notice, including reducing rebate percentages or adjusting vesting periods.

Frequently Asked Questions

Q: Can I change my referral code after generating it?A: No. Each Bybit account is issued one permanent referral code. It cannot be edited, regenerated, or replaced.

Q: Do I need to deposit funds before my referral rewards appear?A: Rewards accrue independently of deposits. They reflect trading activity by referred users and appear in your “Referral Earnings” section after settlement cycles complete.

Q: Is there a limit to how many people I can refer?A: There is no cap on the number of referrals. However, Bybit monitors for unnatural growth patterns and may suspend accounts exhibiting abnormal referral velocity.

Q: What happens if a referred user deletes their account?A: All associated referral rewards are voided immediately. Historical earnings tied to that user’s activity are removed from your balance during the next daily reconciliation.