Bybit exchange is a vast platform that can confuse some users. New users may be forced to leave signup bonuses unclaimed because they are unaware of how the process works or whether they qualify for such bonuses. Below we explore how to create a Bybit account, complete KYC verification, claim rewards (where applicable), and deposit funds. In the video below (3 minutes) you can see a short step-by-step tutorial on setting up your Bybit account.

 

How to Create an Account

Creating a Bybit account requires two things: an email and a password. Visit the official Bybit website and click on sign up. Enter your email address and a strong password. Next, agree to the terms of service and click “Create Account.”
 

On the next page, you'll need to enter the verification code sent to the provided email. You’ll need to verify your account with a passport or a driver's license to access the full set of Bybit features. If you don't want to verify your account, you can consider using an alternative like Apex Pro exchange, a decentralized exchange built by Bybit. 

How to Verify a Bybit Account

After providing the verification code, skip the “claim $20 bonus” window (for now), and click the “Get Verified Now” button. This option can also be found by hovering over your profile avatar and choosing “Account & Security > Account Verification”
 

Click “Verify Now,” choose your country from the list, specify the type of government-issued document you want to use for verification and click “Confirm.” Next, click on “Start Verification”
 

Again, select your country and the document you want to use to verify your identity. Bybit will send you a secure link to your email which will give you an option to take a photo of your document and a selfie using your smartphone’s camera. 
 

It may take a few minutes to a few hours for the exchange to review the documents and images provided. Note that the identity verification option is only available to residents of countries where Bybit has a presence. Some of the restricted countries include the United States and the United Kingdom.
 

Claiming a Sign Up Bonus (Or Deposit Bonus) 

Head over to the profile avatar and click on “My Rewards.” The page that opens shows you all the rewards you have earned and tasks that you can complete to earn more bonuses. 
 

The exchange offers a signup bonus of 20 USDT. After completing each of the tasks outlined, click “Claim” to add it to your rewards balance. Bybit also rewards new users for depositing and trading on the platform. Currently, they are running a campaign where new users can get a deposit bonus of up to $30.000, depending on their deposit and trading volume. Be mindful that this campaign is only possible when you sign up using a specific affiliate link such as the one from our website. 
 

 

How to Deposit Funds into Bybit

Click the “Assets” option at the upper right-hand corner and choose “Deposit.” Select the coin you wish to deposit and the blockchain. This will generate a deposit address that you will copy and paste into the wallet or exchange where you are sending the cryptocurrency from. 
 

Your funds will reflect on your Bybit account in a few seconds or minutes depending on how long it takes to confirm the transaction on the selected blockchain.
 

Conclusion

Creating and verifying a Bybit account gives you access to all products and services on the platform including benefits like signup and trading bonuses. Note that the first identity verification puts you at level one which has a limit on the amount you can withdraw per month. The higher the level, the more the benefits. If you'd like to read an extensive review about all the features that Bybit is offering, make sure to check out our Bybit Exchange review.