What is a subaccount on Bybit?

Understanding Subaccounts on Bybit

A subaccount on Bybit is a secondary trading account that is linked to your main Bybit account. It allows users to manage multiple trading strategies, portfolios, or permissions without needing separate Bybit accounts. This feature is especially useful for traders who want to segregate trading activities, manage team roles, or test strategies in isolation while maintaining centralized control.

The subaccount inherits certain permissions and settings from the main account but can operate independently in terms of trading and fund management. This structure provides flexibility without compromising security or oversight.

Why Use a Subaccount?

One of the primary reasons traders opt for subaccounts on Bybit is to compartmentalize their trading activities. For instance, a trader might use one subaccount for spot trading and another for futures trading. This separation helps in tracking performance and managing risk more effectively.

Another use case is for teams or fund managers who need to delegate access to different individuals without sharing login credentials. Subaccounts can be assigned specific roles and permissions, allowing for a controlled environment where team members can execute trades or view data without accessing sensitive information.

How to Create a Subaccount on Bybit

To create a subaccount on Bybit, you must first log into your main Bybit account. Once logged in, navigate to the 'User Center' section, which is typically found in the top-right corner of the dashboard.

• Click on 'Subaccount Management'
• Select the option to 'Create Subaccount'
• Enter a unique username and password for the new subaccount
• Optionally, enable Google Authenticator for added security
• Confirm the creation and wait for a success message

After creation, you can assign specific trading permissions and API keys to the subaccount. These settings can be customized to limit or allow access to certain features such as spot trading, futures trading, or withdrawal capabilities.

Managing Permissions for Subaccounts

Once a subaccount is created, the main account holder has full control over its permissions. This includes the ability to restrict trading on certain pairs, disable withdrawals, or limit API access.

To adjust permissions:

• Go to the 'Subaccount Management' section
• Select the specific subaccount
• Click on 'Edit Permissions'
• Choose the desired restrictions, such as disabling spot trading or futures trading
• Save the changes

These settings ensure that the subaccount operates within predefined boundaries, which is particularly useful for institutional users or traders managing multiple strategies.

Funding and Transferring Between Main and Subaccounts

Transferring funds between the main account and subaccounts is a straightforward process. Bybit allows internal transfers without incurring network fees or blockchain confirmations.

To transfer funds:

• Log into your main Bybit account
• Navigate to the 'Transfer' section
• Select the option to transfer funds to or from a subaccount
• Choose the crypto asset and specify the amount
• Confirm the transaction

It's important to note that while transfers are instant, the subaccount must have the appropriate permissions to trade or withdraw the assets it receives. This ensures that unauthorized transactions are prevented.

Using API Keys with Subaccounts

Subaccounts can also be assigned dedicated API keys, which are useful for integrating with third-party platforms or automated trading bots. These API keys function similarly to those on the main account but are limited to the permissions assigned to the subaccount.

To generate an API key for a subaccount:

• Log into the main account
• Go to 'Subaccount Management'
• Select the relevant subaccount
• Click on 'API Management'
• Generate a new API key with the desired permissions
• Securely store the key and secret

These API keys can then be used on platforms like 3Commas or TradeSanta to execute trades on behalf of the subaccount, ensuring that the main account remains secure and untouched.

Frequently Asked Questions (FAQ)

Q: Can a subaccount on Bybit have its own referral code or earn referral bonuses?A: No, referral codes and bonuses are tied to the main account. Any referral activity conducted by a subaccount will be credited to the main account's referral balance.

Q: Is it possible to delete a subaccount once created?A: Bybit does not currently support deletion of subaccounts. However, you can disable a subaccount by revoking all permissions and API keys associated with it.

Q: Can a subaccount initiate a margin trade independently?A: Yes, a subaccount can engage in margin trading if the main account has enabled that permission. The subaccount will use its own balance for margin positions, separate from the main account.

Q: Do subaccounts receive the same VIP level and trading fees as the main account?A: Yes, subaccounts inherit the VIP level and fee structure of the main account. All trading fees are calculated based on the combined volume of the main and subaccounts.