Get started with Bybit trading competition at ease & never miss out on any opportunities to win bonuses and rewards!

The benefits you gain from joining trading competitions are boundless. You can make money, hone your trading skills, explore untried strategies and so much more. Bybit hosts a plethora of trading competitions, from small but frequent product-specific competitions held once a month or bimonthly to annual grand events like the 

 (WSOT) competition. These contests are a perfect avenue to help you reap profits, regardless of the market condition. 

With so many types of competitions, you may need more clarification on what types you’re eligible to join and what kind of rewards you can gain from them. With this handy guide, you’ll wonder no more as we break down the nitty-gritty of participating in Bybit's trading competitions.

With all its varying products, Bybit has many different kinds of competitions, ranging from 

. Regardless of the type of competition, participants are usually ranked on the leaderboard based on either profit and loss (P&L, or PnL) ratio or trading volume. 

P&L refers to the total amount of revenue and costs of your trading throughout the competition. Hence, when you compete to rank for P&L, you're competing to show how profitable you are.

P&L (%) = (Profit / Initial Equity + Total Deposits) * 100%

If you have the same P&L% as another participant, your total trading volume will then determine your ranking.

Trading volume measures the total number of contracts or crypto traded during the competition. If you achieve the same trading volume as another competitor, you’ll then be ranked based on the time you took to reach that trading volume. 

Benefits of Joining a Crypto Trading Competition

Participating in a crypto trading competition offers numerous benefits to uplift your trading journey. These competitions bring exciting rewards that can increase your gains during a bull market, or offset your losses and reignite your motivation to seek financial gains during a bear market. Moreover, the experience gained from live trading is invaluable, surpassing theoretical knowledge. Competitions provide real-life insights, opening your eyes to new opportunities.

Competing also inspires you to explore innovative trading strategies, going beyond your comfort zone and potentially yielding astounding gains. Comparing your performance with other traders on a level playing field allows you to gauge your abilities and even earn coveted bragging rights if you emerge victorious.

Please be aware of several registration criteria, as they’ll affect your eligibility to join the competitions.

Depending upon the specific competition, the registration criteria will look at the amount of net assets or net equity you have in your Bybit account. But what’s the difference between net assets and net equity? Net assets are your total assets minus your liabilities, and include unrealized gains and losses, whereas net equity excludes unrealized gains and losses.

Besides net assets and net equity, other elements also come to play in influencing your eligibility to join a competition. For instance, a single user shouldn’t have more than one account. If you create multiple accounts to join competitions on Bybit, you’ll be considered a fraud and will consequently be disqualified. Furthermore, you can only participate in one competition within the same time frame, except for grand-scale competitions like WSOT and Copy Trading Fiesta that hold several events within one competition. In such cases, you’ll be able to participate in more than one event simultaneously.

While you may only open one main Bybit account, you can open up to 20 

 connected to your main account, while four Subaccounts can be used to link to your Main Account for competitions. With Subaccounts, you can now join multiple competitions simultaneously to maximize your rewards.

Similarly, Market Makers and Pro users are prohibited from joining Bybit competitions, as they’re typically institutional traders who can make use of their high trading volumes to gain an edge in the competitions.

While most Bybit competitions only specify net assets or net equity as their registration criteria, certain competitions also require a referral link or code on top of the minimum net assets or net equity amount. Through joining such competitions, you can also expect exclusive rewards not found in other competitions.

Speaking of rewards, Bybit generally offers two types of rewards for its competitions: the prize pool and lucky draw. It’s important first to ensure you’re eligible for rewards, especially for P&L-ranked competitions. Even if the competition is ranked by P&L, you’ll still need to hit a minimum specified trading volume before you qualify for rewards. 

 held in September 2024 required participants to reach a derivatives trading volume of at least $10,000,000 before they could earn any rewards.

The main reward base for Bybit competitions is the prize pool. The prize pools can consist of hundreds of thousands of USDT, or even millions of USDT, depending on the scale of the competition. For large-scale competitions like WSOT and Copy Trading Fiesta, participants can enter several events under these competitions and obtain more rewards. 

It's good to embrace a positive and encouraging mindset as you participate in trading competitions. Observe and learn from the strategies employed by other contestants to refine your own trading plan. By analyzing their moves, you can gain valuable insights and give yourself a competitive edge. Remember, however, that it's also essential to think critically and avoid blindly copying others.

Always analyze your own performance and adjust your strategy accordingly, even in short-term competitions. Also, stay informed about market events and developments that can impact your performance, as this knowledge will maximize your chances of success. With the right mindset and strategic approach, you can excel in trading competitions.

Bybit is actively organizing trading competitions to provide users with a chance to maximize rewards. Following are some of the ongoing and upcoming trading competitions on Bybit that you might consider.

Copy Trading Face-Off: Human vs. Bot, an exciting copy trading competition with a prize pool of 200,000 USDT, runs from Dec 9, 2024, 10AM UTC to Jan 8, 2025, 10AM UTC. Master Traders get to choose a squad, either Human or Bot, and their followers will automatically be assigned to the squad of the Master Trader’s choosing. 

After joining a squad, simply compete across three squad leaderboards and one individual leaderboard. If your squad dominates two out of three leaderboards, it will win — and claim 60% of the total prize pool! You can also join a side quest by voting for the winning squad to become one of the lucky 1,000 winners to share in 5% of the total prize pool. (Please 

 that each participant can only vote once.)

Bybit’s ATHUSDT Trading Competition is a derivatives trading contest with a prize pool of 800,000 ATH. Running from Dec 6, 2024, 10AM UTC through Dec 16, 2024, 10AM UTC, it’s split into two events: 

How do I know my rewards distribution status?

There will be a Bybit Announcement post regarding rewards distribution and dates.

You can only collect your rewards after a competition ends, with the waiting period ranging from one week to a month. A risk review will be conducted after each competition ends, after which the rewards will be given on the date specified in the announcement post. 

As highlighted above, creating multiple accounts to earn more rewards in competitions is considered fraudulent behavior and will lead to disqualification. Other fraudulent behaviors include 

, volume faking, market manipulation and more. Be sure to read the competition’s terms and conditions carefully to avoid getting disqualified. 

Now that you’ve learned about all the rankings, registration criteria and rewards in Bybit trading competitions, you might be eager to flex your muscles in some of them. But before you do, remember that it’s important to carefully pore over the terms and conditions to ensure you get properly reimbursed for your efforts.

We hope our tips will help your competition journey be a fun and fruitful one. May you enjoy the process and savor the sweetness of winning!

Beginner

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How to Join Bybit Trading Competitions (Ultimate Guide)

Looking for a great way to maximize profits? Consider Copy Trading! Find out in this guide how to get started with Copy Trading on Bybit as a follower today.

 has long been known to be a simple and effective way for beginners to execute trades and maximize their profits without the time-consuming efforts to learn about the crypto market. Taking advantage of the expertise of 

 (MTs) has never been easier. If you’re looking to get started with copy trading as a follower, look no further. Read on for a detailed step-by-step guide on how to do so with Bybit’s 

: Before you start copy trading, you’ll first need to 

: Once your account has been set up, you would need to fund your account (Spot, Funding or Derivatives) with assets. To do so, navigate to the

 page on the top right-hand corner of the Bybit homepage. 

Choose the account you would like to top up and click on 

: You’ll be directed to your Bybit deposit address. You can choose to either scan the QR code or copy the deposit address and use it as the destination address to send funds to. Do be sure to choose the right chain types.

 in the navigation bar to enter the Copy Trading page. Here, you can filter Master Traders based on 

: To follow your preferred Master Trader, click on 

 at the bottom of the Master Trader’s card. By clicking on the card, you can view the individual MT’s portfolio for a more comprehensive understanding of their trading performance data. You can choose to copy up to 10 Master Traders simultaneously. 

— Note that the minimum investment amount is automatically set at 50 USDT, though the MT can set a higher minimum amount if they desire.

, you’ll be copying Perpetual contract trades executed by your Master Trader. If you choose 

, you’ll be copying the parameters of the Trading Bots created by the MT.

 to configure additional trade settings for copying, such as

: Once you’ve confirmed the parameter settings, check the 

In this window, you can also see the Master Trader’s performance and the profit-sharing ratio, which varies according to the Master Trader’s level. If the profit sharing ratio is 10%, it means that Followers will need to share 10% of their profits with the MT.

Once you’ve started following a Master Trader, you can head to the 

page and further configure your settings to boost your 

. Some examples of settings you can edit include stop loss and take profit, switching your 

 settings and increasing or reducing investment. You can also close your positions, stop your copying of the MT or manually terminate your bots via the 

To explore more about editing your copy trade settings and closing positions, click 

Copy trading can be a great way for traders to maximize their profits, especially since it’s automated. You may even be able to pick up new tips and tricks from following Master Traders. As long as you do your proper research on the Master Traders and you’re well aware of the risks associated with 

, you should be on your way to becoming a more successful and profitable trader. Get started with 

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How to Get Started with Copy Trading (Followers)

Starknet has extended its DeFi Spring campaign with a $52 million incentive program, offering up to 90 million STRK tokens to protocols and users contributing to its DeFi ecosystem.

The S&P 500 fell 0.3%, with most sectors declining as investors awaited inflation data that could influence Fed policy. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.38%, with Bitcoin rising by 0.33% and Ether dropping by 1.77%, respectively in the past 24 hours.

Today's top performer is ME, which surged 36.93% following the launch of Magic Eden's ME token to boost cross-chain engagement and user rewards.

Magic Eden (ME), launched in September 2021, is the largest NFT marketplace on the Solana blockchain, allowing users to buy, sell, mint, and manage tokens. Magic Eden 

 its native token, $ME, on December 10, 2024, with a 1 billion supply cap. The token aims to enhance user engagement and support cross-chain activities across Solana, Bitcoin, and Ethereum. Users can claim tokens through the Magic Eden app and earn rewards by staking $ME and completing cross-chain tasks. The token is unavailable to U.S. residents due to regulations.

Check Out the Latest Prices, Charts, and Data of 

 with a $52 million incentive program, offering up to 90 million STRK tokens to protocols and users contributing to its DeFi ecosystem. The initiative continues until the STRK budget is exhausted and rewards liquidity providers. The second round of the program, which began in July, has a budget of 50 million STRK, bringing the total to 90 million. Participating protocols, including DEXs, lending platforms, and others, will receive bi-weekly incentives based on performance, with NFTs awarded to users based on their STRK earnings.

Yesterday, BTC Spot ETFs recorded a net inflow of $142.9 million, driven by $205.7 million from non-GBTC sources, offset by a $62.8 million outflow from GBTC.

 its Airdrop Checker and TGE dates for January 2025. To qualify for the free airdrop, users must run the "OCY DEPIN" app and earn points. Additional points can be gained by completing tasks in "NOSTRINGS," minting daily NFTs in "FRAGMENTZ," and completing Galxe quests.

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Starknet Extends $52 Million DeFi Spring Campaign with 90 Million STRK Tokens

Celebrate Bybit's 6-Year Anniversary with a recap of our recent livestream episode with Bybit CEO Ben Zhou. Get exciting updates and upcoming events on Bybit you don’t want to miss!

Bybit, one of the biggest cryptocurrency platforms, celebrates its 6th anniversary in the public cryptocurrency space. Bybit has come a long way, transforming the cryptocurrency world through visionary leadership, innovative products and impactful services for nearly 60 million users. This article recaps 

 with Bybit CEO Ben Zhou and Head of Spot and Web3 Emily Bao, joined by Eric, another ByBuddy.

Bybit is turning six years old — and that means celebrations galore for the second-biggest cryptocurrency exchange by trading volume. The 

, celebrates Bybit’s journey through the years and the Bybit users who give meaning to the exchange. 

 offers Bybit users the chance to unlock a portion of a 1.2 million USDT prize pool, space travel tickets, 1 gram of gold and other great rewards.

Bybit has achieved a lot this year, expanding its user base, reaching new ATH trading volumes and receiving operating licenses in several major jurisdictions, such as Argentina, Kazakhstan, Georgia, the Netherlands, Turkey, Dubai and Lithuania. It also hosted a gathering of crypto content creators, headlined the 

 in Bangkok and trailblazed the web3 ecosystem with an increased market share among leading web3 blockchains.

Ben and Emily discussed key business updates for Bybit in 2024, highlighting its major progress, such as a 61% surge in monthly futures trading volume and reaching over $639 billion.

Bybit has also expanded the role of Shunyet Jan, Head of Derivatives, to Head of Institutional in order to drive institutional growth

Furthermore, Bybit announced a collaboration with NGO Admundi through its Blockchain for Good Alliance (BGA) initiative to help Spain’s recent flood survivors as part of its corporate social responsibility.

Bybit led and drove meaningful change at the BGA event and hosted the web3 Oscars, supporting the $100,000 hackathon to address poverty, global access to clean water and gender inequality.

Finally, Bybit hosted the inaugural Crypto Content Creator Campus (CCCC), attended by over 200 content creators for a three-day immersive experience.

Bybit’s TradeGPT has a new feature, CryptoLens AI. It’s an AI-powered tool for in-depth token analysis across six key dimensions: social engagement, team & funding, on-chain activity, token trends on Bybit, liquidity dispersion and token security. CryptoLens AI helps traders gain insights into markets and simplifies crypto analysis through data-driven reports.

: Bybit has increased Grid limits for its bot, from 330 to 476 for the Spot Grid bot and from 400 to 909 for the Futures Grid bot. Spot and Futures VIP Grid Bots’ limits were also increased, from 588 to 1000 and from 1250 to 1667, respectively.

Bybit updated the P2P ad section to make trades faster and more seamless. Traders can now set auto-prompts to get notified when selecting supported currencies for block trades. P2P ads are also now shown on both P2P and block trade pages, and orders above P2P limits are automatically redirected to block trade ads.

Bybit is also proud to announce the launch of the Bybit physical card in Argentina, just months after launching the virtual card. The physical card comes with various benefits, such as 30,000 Argentine pesos in the welcome offer, up to 8% APY, VIP rewards (like a 100% rebate on Spotify and Netflix), zero fees and free card issuance and delivery.

Bybit launched its pre-listing pool, enabling multi-pool farming for new launch pools. Users can now gain early access to tokens before listing and 

 tokens before or after listing. Snapshot frequency has been improved from daily to hourly. Bybit also launched ByVotes 2.0, which allows users to vote on which tokens they want Bybit to list. Users can hold 

 to earn votes, vote for projects and claim rewards and track activities in the user center for upcoming listings.

 for maximum growth. All funds are managed by professional asset institutions for VIP 3+ users. The premium fixed income is for 160–180 days, featuring top-tier yields. Bybit users can also stake proof-of-stake (PoS) tokens, such as ETH and SOL, on-chain to earn more. Users can join the bbSOL 

, which is ongoing as of the time of this writing (Dec 9, 2024).

Bybit launched its pre-market for Perpetuals, shortened the call auction from 24 hours to 1 hour, and accelerated price discovery. Users should note that Bybit is transitioning the settlement currency for options contracts from USDC to USDT by January 2025. The new USDT-settled contracts will enhance liquidity for options trading.

The exchange trading platform has several crucial updates:

There’s also an update on bbSOL, which is expanding to eight Solana DeFi partners to enhance DeFi yields and 

 utility. bbSOL is now available on the following Bybit CEX products: On-Chain Earn, Unified Trading Account (UTA), Crypto Loans, Spot, Spot Margin Trading, Convert, Flexible Savings and Institutional Loans.

Bybit is giving $360,000 in airdrops to all participants @The Crypto Arkade for the 

Celebrate Bybit’s 6-year Anniversary Now!

Bybit is rolling out a $1.2 million prize pool to celebrate its 6-year anniversary at #Super6Bybit. The exchange has expanded its market reach, web3 dominance and trading volumes in 2024.

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Backstage With Ben Episode 28 ICYMI: 6th Anniversary Countdown & BTC All-Time High Celebration!

Bybit Learn

Bybit Guide

Explore all the different events happening under the Super6Bybit campaign — and join now to unlock the massive prize pool!

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Bybit marks its 6th anniversary with Super6Bybit — a $1.2 million celebratory event that takes users on an interactive adventure until Jan 6, 2025. With potential rewards at every turn, this event is Bybit's way of giving back to the community after 6 years of shared success.

In this guide, we'll walk you through all four events: the main bbSOL building challenge, 

 rewards, an avatar design contest and interactive anniversary livestreams. Learn how to participate and maximize your chances of winning across all events.

 is a campaign celebrating Bybit’s sixth anniversary. As our way of thanking our users — both new and existing — for the past six years, Super6Bybit features bbSOL character building, daily challenges and multiple reward tiers, with a combined prize pool of $1.2 million.

What Events Are Happening Under the Super6Bybit Campaign?

Super6Bybit features four major events: the main bbSOL building challenge, 

 daily rewards, a creative avatar design contest and two exclusive livestreams. Each event offers unique prizes and ways to participate in the celebration.

Compete for a share of the $1.2 million prize pool by building your unique bbSOL character between Nov 28, 2024 and Jan 6, 2025. Complete tasks to earn Feeding Bottles that power up your bbSOL and unlock more Lucky Draw tickets.

Level up to unlock exclusive accessories while competing on daily leaderboards. As the community reaches milestones together, the prize pool grows — making every participant's contribution count toward greater rewards for all.

 is Bybit's engaging Telegram mini-game that adds a crypto twist to classic 

. Players strategically clear blocks to find rewards while avoiding mines, making each game a thrilling mix of skill and luck.

 joins the anniversary festivities with exclusive daily rewards. During gameplay, one special 6th Anniversary Bit appears randomly each day. Lucky players who spot and click this bit win an exclusive merchandise pack — creating 16 winners throughout the event.

How to Join the Coinsweeper Super6Bybit Event

Design your way to victory in the bbSOL Avatar Design Contest, running until Dec 31, 2024. Every week, five winners receive exclusive anniversary prizes, including four unique merchandise items and a commemorative poker set.

How to Enter the bbSOL Avatar Design Contest

Race Into 6 Years of Success — Dec 9, 2024

Join the celebration on Dec 9, 8AM UTC, with crypto evangelist Shadie Berro welcoming special guests from Oracle Red Bull Racing. The livestream features fan meetups with mystery guests, interactive gaming challenges and exclusive merchandise giveaways. Winners of the 

 event can meet these legends at Bybit HQ Dubai.

: Sign up before Dec 10, 2024 for a chance to be one of 20 winners of exclusive Oracle Red Bull Racing merch.

Don't miss this special livestream on Dec 10, 2024, 8AM UTC, as Kate Panchenko uncovers bbSOL's game-changing features alongside Bybit experts Marcus Kok and Jack Zhou. Get an exclusive preview of Bybit's future innovations, and learn about the coveted space trip ticket grand prize.

Tune in to grab your share of 5,500 USDT in rewards — with 5,400 USDT in Red Packets and instant 10 USDT coupons for Q&A participation. Whether you're curious about bbSOL or eager to win prizes, this livestream promises insights and opportunities.

Now is the perfect time to be part of Bybit's milestone celebration. With a $1.2 million prize pool waiting to be shared among the community, Super6Bybit represents an immense opportunity in crypto this year.

Everyone who participates — whether new to Bybit or not — has an equal chance to win through four exciting events. Build your bbSOL for Lucky Draws, hunt for 

, showcase creativity in design contests and join exclusive livestreams with Oracle Red Bull Racing legends.

Don't miss your last chance to end 2024 with a bang in Bybit's biggest community celebration. With multiple ways to win and shared milestones unlocking greater rewards, Super6Bybit ensures everyone can join in the success of this sixth-anniversary celebration.

Super6Bybit combines community achievements with exciting rewards in Bybit's largest celebration to date. With bbSOL building, 

 challenges, design contests and special livestreams, this $1.2 million campaign brings everyone together for a memorable end to 2024.

Super6Bybit: Celebrating 6 Years With Bybit

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards