Can you withdraw a Bybit bonus?
Checked on against two Bybit help pages. See the sources. Ahead is a Bybit affiliate: how we make money.
Short answer
No. Bybit’s help center says bonuses are “non-withdrawable under any circumstances”, and they can’t be transferred to another account or exchanged for other assets.
What you can withdraw is profit made while trading with a bonus, as long as the bonus’s own terms are met.
On this page
What a derivatives bonus pays for
A derivatives bonus can cover position margin, trading fees, funding costs and trading losses. You don’t select it; it applies automatically.1
- Margin for a new position comes from your own money first.
- Trading fees, funding fees and trading losses are deducted from the bonus first, while any of it is left.
It can’t be used in the Spot account or for spot trading.1
What you can’t do with it
- Withdraw it.
- Transfer it to another account.
- Exchange it for another asset.
Profit from trades made with the bonus is different. Bybit says it can be withdrawn when the “specified terms and conditions” are met.1
It expires
Every bonus has an expiry date. Whatever is unused on that date is reset to zero and isn’t refunded.1
Bybit’s Rewards Hub FAQ adds that a bonus being used as margin is also forfeited at expiry, which can affect a position’s liquidation risk.2 If an open position leans on a bonus, check its expiry date.
How to claim a bonus and where to see it
- Go to Promotions, then Reward Hub.
- Open My Tasks, then Task History, and claim the reward under Accomplished within the stated time frame.
- Find claimed bonuses under My Rewards, then Bonus. Balances appear under Assets, then Wallet.
The path above is from Bybit’s bonus article.1 You need to complete identity verification to claim rewards, and Bybit says there may be a three-day delay before rewards are distributed, to allow for risk checks.2
Not every reward is a bonus
| Reward type | Can you withdraw it? |
|---|---|
| Bonus (derivatives, copy trading, fiat) | No. Profit made with it can be withdrawn. |
| Fee Saver | No. |
| Coupon | Limited to Bybit Pay transactions. |
| Airdrop | Yes. It can be used for any purpose once received. |
| Fee discount, APY booster, loss cover voucher, trial funds | Bybit’s FAQ doesn’t say. |
This is why a sign-up offer described as “up to” a large amount shouldn’t be read as cash. Most of it arrives as rewards with rules like these.
Questions people ask
Can I use a Bybit bonus for spot trading?
No. Bybit says the bonus can’t be used in the Spot account or for spot trading.1
Do I need to verify my identity to claim a bonus?
Yes. Bybit says users must complete KYC verification to claim their rewards.2
What happens to a Bybit bonus when it expires?
The unused amount is reset to zero and isn’t refunded.1
What we couldn’t confirm
- The exact conditions for withdrawing profit. Bybit’s article says “specified terms and conditions” without listing them, so check the terms shown on the bonus itself.
- What happens to an active bonus when you withdraw or transfer your own funds. The article doesn’t say.
Ahead’s Bybit affiliate code
We’re a Bybit affiliate. If you’re opening an account, you can use our link, or enter this code where the sign-up form asks for a referral code.
Open Bybit sign-up with our link
Bybit pays us a commission from the trading fees it collects. It adds nothing to yours. Not for residents of the United States, Canada, the United Kingdom, the European Economic Area, Singapore, Hong Kong, mainland China, Malaysia, Türkiye or other restricted places: full list. Crypto contracts can lose your entire margin. Not financial advice.