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FAQ — On-Chain Earn What is Bybit On-Chain Earn?Bybit's On-Chain Earn is a user-friendly staking service where you can stake your cryptocurrency directly on the blockchain and earn rewards. It supports Proof-of-Stake...
How to Apply for and Activate a Bybit Card (Asia Pacific)Here’s a detailed guide to apply for your Bybit Card. How to Apply for a Bybit CardHow to Activate Your Bybit Card On the AppHow to Apply for a Bybit CardStep 1: Launch the Bybit App, and log in to your account. Tap on More located on the home page, then tap on Card. Alternatively, you can use the Searchbar and search for “Card”. Step 2: Click on Apply Now, select your country of residence and click on Register. Note: Bybit Card is currently only available in limited countries. If your selected country of residence is not within the supported countries, we will register your interest now and inform you when Bybit Card is coming to your country. Step 3:a) Complete the requirement of Eligibility Check: Identity Verification and click Verify.Accepted Proof of Identity includes a valid National ID, Passport and Driver’s License.Users with an invalid Proof of Identity will be required to provide their Passport, and a valid Proof-Of-Address for the eligibility check. Note: Bybit Card has more stringent requirements for Identity Verification. Hence, you may be required to update your Identity Verification even though you have already completed it on your Bybit account previously. b) Provide your residential address. Step 4: Confirm (or set up) your registered email address. You will also be requested to set up Google 2FA if you have not set it up yet. After successful submission, your virtual Bybit Card application will be under review. This process usually takes a few minutes, but in some cases, it can take up to 7 working days. You will be notified via email when your application is successful. On the WebsiteHow to Apply for a Bybit CardStep 1: Go to Finance → Card and click on Apply Now. Step 2: Select your Country of Residence. Note: Bybit Card is currently only available in limited countries. If your selected country of residence is not within the supported countries, we will register your interest now and inform you when Bybit Card is coming to your country. Step 3:a) Complete the requirement of Eligibility Check: Identity Verification and click Verify.Accepted Proof of Identity includes a valid National ID, Passport and Driver’s License.Users with an invalid Proof of Identity will be required to provide their Passport, and a valid Proof-Of-Address for the eligibility check. Note: Bybit Card has more stringent requirements for Identity Verification. Hence, you may be required to update your Identity Verification even though you have already completed it on your Bybit account previously. b) Provide your residential address. Step 4: Confirm (or set up) your registered email address. You will also be requested to set up Google Verification if you have not set it up yet. After successful submission, your virtual Bybit Card application will be under review. This process usually takes a few minutes, but in some cases, it can take up to 7 working days. You will be notified via email when your application is successful. How to Activate Your Bybit CardBefore unlocking immediate access to online and overseas transactions, please go to your Settings page and fill out your personal information which includes your Billing Address and Mobile Number. You will also be prompted to fill up this information when clicking on Card Details on the Card Management page if you haven’t done so. Notes:— The Billing Address and Mobile Number will be utilized for Bybit Card transactions and will operate independently from your Bybit account.— Overseas payments do not require additional activation of your Bybit Card. However, a foreign exchange fee will be charged. For more information, please refer to Fees and Spending Limits (Bybit Card). Once you have completed the verification process, your Virtual Bybit Card will be automatically activated....
FAQ — Leveraged TokenWhat is a Leveraged Token (LT)?A Leveraged Token is a derivatives product with no margin or liquidation risks. It provides you with leveraged exposure to the underlying asset, and is suitable for short-term investments in a one-sided market. What is a Leveraged Token on Bybit? At Bybit, each Leveraged Token represents a basket of Perpetual Contract positions. This means that when you trade a Leveraged Token, you’re investing in a basket of contracts for the underlying asset.As shown below, a basket of BTC3L consists of 254.866 BTC worth of BTCUSDT Perpetual Contracts positions (long). What is net asset value (NAV)?NAV, or net asset value, refers to the value of a Leveraged Token. The NAV of a Leveraged Token moves in line with the price fluctuations in the Perpetual Contracts market. Taking BTC3L as an example, for every 1% increase in the BTCUSDT price, the NAV of BTC3L will rise by 3%. Why is there a slight difference between the price of a Leveraged Token in the Spot market and its NAV?The NAV of the Leveraged Token is calculated according to the price fluctuations of the underlying assets in the Perpetual Contracts market, while the price of the Leveraged Token in the Spot market reflects the result of buying and selling behavior in the Spot market. This causes the slight difference between the NAV and the price of the Leveraged Token. What does the symbol for Leverage Tokens represent? Using BTC as an example, BTC3L refers to a Leveraged Token holding long positions of BTCUSDT Perpetual Contracts with 3x leverage.BTC3S indicates a Leveraged Token holding short positions of BTCUSDT Perpetual Contracts with 3x leverage. Which account do I use to trade Leveraged Tokens on Bybit?Leveraged Token trading will be channeled directly through your Bybit Unified Trading Account. What’s the difference between Leveraged Token and Derivatives trading on Bybit?Please refer to Differences Between Leveraged Tokens and Derivatives Trading. What are the fees associated with a Leveraged Token?Please refer to Bybit Leveraged Tokens: Fees Explained. Will my Leveraged Token position be liquidated?There are no liquidation risks. Taking BTC3L as an example, the target leverage range is [2,4]. The rebalancing mechanism will automatically be triggered when the actual leverage ratio is ≥ 4x or ≤ 2x, to be adjusted to achieve the target leverage of 3x. Note: Please be aware that the net asset value of a Leveraged Token could fall to zero, in which case it would be unrecoverable. What is the rebalancing mechanism?Rebalancing is a process to make sure that the Perpetual Contracts positions of the underlying asset will be dynamically adjusted to achieve the target leverage. The rebalancing mechanism will be automatically triggered when the actual leverage ratio falls outside the target leverage range. For more information, please refer to the Bybit Leveraged Tokens Rebalancing Mechanism. Can Leveraged Tokens be withdrawn?Currently, withdrawals are not supported. Do Bybit Leveraged Token products have a limited supply? No. Since users are able to subscribe/redeem Leveraged Token tokens, which increases/decreases the issuance amount accordingly, there is no fixed supply. Are there any price-setting limits for a buy/sell order in Leveraged Token trading?Yes, the order price limit is ±10%. If the order price limit of a buy order or a sell order deviates from the Last Traded Price by a certain percentage, the order won’t be executed. For example, the limit is 10%, with Last Traded Price of 1 USDT the order price of your buy order cannot exceed 110% (1.1 USDT) of the Last Traded Price, while the order price of your sell order cannot be lower than 90% (0.9 USDT) of the Last Traded Price. Are there any quantity/value limits for a subscription/redemption order in Leveraged Token trading?Yes. For more information, please refer to Order Limits (Leveraged Token). What’s the maximum price deviation between the net asset value (NAV) and the order price when placing a Leveraged Token order?The maximum deviation setting limits that can be set is ±5%. If the maximum price deviation between the net asset value (NAV) and Last Traded Price exceeds ±5%, the order won’t be executed. Note: Please note that order placement will also be restricted when the deviation between the NAV and the price of a Leveraged Token exceeds the above limit. What is the maximum value of the leverage token I can hold?The maximum value that can be held for each leverage token is displayed in the Position Limit tab on this page.Notes:The maximum value of leveraged tokens that can be held is calculated separately for the Main Account and Subaccount. The calculation is as follows:— Quota that can be held = Maximum Value Limit - (Limit Order Quantity x Order Price) - (Leveraged Token Held x Last Traded Price) - TP/SL Order Value— TP/SL Limit Order Value = Order Quantity x Order Price— TP/SL Market Order Value = Order Quantity x Execution PriceAfter the leveraged token purchase, if the total market value of the token surpasses the specified maximum threshold, the quantity of tokens owned will remain unchanged, allowing users to retain the purchased amount of tokens. However, you will not be able to place any new buy orders. Are there any limits on the order value setting of Bybit Leveraged Token products?Yes. For more information, please refer to Order Limits (Leveraged Token). Where can I view my Leveraged Token trading history?Please click on Orders & Trades → Spot Order in the upper right corner of the page to enter the Order History page or you can click here to view. Where can I view my Leveraged Token rebalancing history?Click the Leverage icon next to the trading pair, then click on Read More → About This Leveraged Token. You can then view it in the Rebalancing History column. Are there any KYC requirements for trading a Leveraged Token?Yes, Standard Individual KYC or Business KYC is required. For more information on how to verify your account, please refer to How to Complete Individual KYC Verification. To learn more about KYC verification, please refer to the following articles:Individual KYC FAQBusiness KYC FAQ...
FAQ — Double-WinWhat is Bybit Double-Win? Double-Win is a short-term structured product designed to capitalize on significant market movements. Users can benefit as long as the settlement price falls outside the Dou...
Introduction to Bybit Card (Asia Pacific)Bybit Card is a Visa card that allows you to access your funds easily and securely wherever and whenever, making it the ultimate companion on your crypto journey. A reliable and convenient way to off...
FAQ — Launchpoolverification. Institutions and users from restricted countries/regions are not allowed to participate. How can I participate in Bybit Launchpool?Simply go to the Launchpool homepage and click on ...
How to Activate Your Bybit Card (EEA & CH)verification process, your Virtual Bybit Card will be automatically activated upon successful application. For Physical Bybit CardOnce you receive your physical card, please activate your c...
FAQ — Individual KYCverification?Identity Verification of at least Standard level is mandatory for all Bybit products and services. Depending on the requirements for different regions, products, or services, you may be r...
FAQ — Bybit SavingsBybit SavingsBybit Auto-SavingsAPR Booster Voucher Bybit SavingsWhat is Bybit Savings?Bybit Savings is an investment product on Bybit Earn that offers both flexible and fixed product terms with...
How to Check on Your P2P Appeal Status as a Buyer?verification steps. Please find below some common scenarios as well as the different steps taken that can delay the resolution of a P2P appeal: 1. Third-Party PaymentThird-party payment is strict...