Bybit welcome rewards: what the 100 USDT is, and what each task takes
Checked on against Bybit’s campaign page for our link, the campaign’s terms and three Bybit help pages. See the sources. Ahead is a Bybit affiliate: how we make money.
Short answer
It isn’t cash. For an account opened with our link, Bybit lists three tasks worth up to 100 USDT: 20 USDT for verifying your identity, 30 USDT for a deposit of $10 or more, and 50 USDT for a trade of $10 or more.1
The 20 and the 50 are fee savers. They offset trading fees, they expire, and they can’t be withdrawn.34 The 30 is a position airdrop. All three are labelled for derivatives.1
On this page
The three tasks
| Task | What it takes | Reward | Reward type |
|---|---|---|---|
| Verify | Complete identity verification | 20 USDT | Fee saver, derivatives |
| Deposit | Deposit $10 or more | 30 USDT “worth of position” | Position airdrop, derivatives |
| Trade | Trade $10 or more | 50 USDT | Fee saver, derivatives |
Bybit says tasks and rewards are limited and handed out first come, first served. It also says tasks can differ from one user to the next, depending on things like activity, region and random allocation.1
So what you see after signing up may not match this table. Your own Rewards Hub is the one that counts.
What a fee saver is
A trading fee saver pays part of your trading fees. Bybit’s list of reward types says it “offsets a percentage or an amount of the trading fees incurred (based on the types of fee savers received)”.3
- It can’t be withdrawn. Bybit’s Rewards Hub FAQ: “All Fee Savers cannot be withdrawn.”4
- It expires. The same FAQ says all fee savers have an expiration date, and whatever is unused then is forfeited.4
- These two are for derivatives. That is how Bybit’s page labels them.1 Our reading: expect them to offset fees on perpetual and futures trades, not on spot.
What 70 USDT of fee savers is worth
A fee saver is worth only the fees you would have paid anyway. A regular account pays 0.055% as a taker on perpetual contracts.5 At that rate:
| Fee saver | Covers the taker fees on about |
|---|---|
| 20 USDT | $36,000 of trades |
| 50 USDT | $91,000 of trades |
| Both, 70 USDT | $127,000 of trades |
For scale, a $500 position opened and closed with market orders costs about $0.55 in fees. Using up 70 USDT at that size takes about 127 round trips, all before the fee savers expire.
For a small account, most of a fee saver will expire unused. It makes the trades you were going to place cheaper. It isn’t a reason to place more of them.
What the position airdrop is
Bybit’s page describes the deposit reward as “30 USDT Worth of Position” and labels it a position airdrop for derivatives.1
That is not the same as an ordinary airdrop. On Bybit’s list of reward types, an airdrop lands in your balance “like any other assets” and can be withdrawn.3 The list doesn’t mention position airdrops, and neither does the Rewards Hub FAQ.34
Going by the name, read it as a derivatives position that Bybit funds, not as 30 USDT added to your balance. Before you use it, open the reward in Rewards Hub and read its own terms. What we couldn’t find out is in the box near the end of this page.
The conditions
- A new account, opened through the link. The campaign terms say users must register via an affiliate’s link.2
- Identity verification. Bybit requires it before any reward can be received.14
- 14 days. The deposit and trading requirements must be met within 14 days of the tasks appearing in your Rewards Hub.2
- Which deposits count. Crypto deposits, One-Click Buy and P2P purchases. Bybit counts the net amount: what you deposit minus what you withdraw during the period.2
- Which trades count. Derivatives only. The terms say spot trades and fiat deposits aren’t counted towards trading volume.2
- Claiming. Rewards reach your Rewards Hub after a three-day risk check, and you claim them yourself.2 Claim before the task expires.4
- Don’t pull the deposit out early. Withdrawing any of it within three days after the 14-day period ends disqualifies you.2
- One person, one account. Bybit disqualifies people who register several accounts to collect rewards.12
- Not everywhere. Where derivatives trading isn’t allowed, derivatives rewards may not be available. Bybit’s page gives Brazil, the Netherlands and Hong Kong as examples.1
The trade task, and why our course doesn’t cover it
The first trade in our beginner course is on spot. It doesn’t count for the 50 USDT task, because that task counts derivatives trades only.2
Derivatives use leverage, and a leveraged position can lose its entire margin. The task itself is small. At 1x leverage, a $10 position gains or loses about 10 cents for each 1% the price moves. That figure is our arithmetic. The risk comes from doing more than the task asks.
Each task on Bybit’s page carries its own reward.1 If you don’t plan to trade derivatives, leave the third one. If you do, read how the fees work and the order types first.
How to get them, in order
- Sign up with our link. The link is what attaches these tasks to a new account.2 Step 1 walks through the form.
- Verify your identity. This is the 20 USDT task, and nothing can be claimed without it.1 Step 3 shows what Bybit asks for.
- Turn on 2FA, then deposit $10 or more. Step 4 covers networks and minimums.
- Claim in Rewards Hub. Step 5 shows where rewards are claimed.
- Only if you trade derivatives: the $10 trade.
Questions people ask
Is Bybit’s 100 USDT welcome reward cash?
No. It is up to 100 USDT in rewards for derivatives trading: two fee savers and a position airdrop.1 Fee savers can’t be withdrawn.4
Can I withdraw the Bybit welcome rewards?
Not the fee savers. Bybit says all fee savers cannot be withdrawn, and unused ones are forfeited when they expire.4 The two help pages we read don’t say how a position airdrop is settled.34
Do I have to trade futures to get the Bybit welcome rewards?
Only for the 50 USDT task. The campaign terms count derivatives trades only, and spot trades don’t count.2 Bybit’s page lists the verification and deposit tasks separately.1
How long do I have to complete the Bybit welcome tasks?
14 days from when the tasks appear in your Rewards Hub, for the deposit and trading requirements.2
Do I get the rewards if I type the code instead of using the link?
We couldn’t confirm it. The campaign terms say users must register via an affiliate’s link.2 If you want the tasks, use the link.
Why are my Bybit tasks different from the ones on this page?
Bybit says tasks can differ between users, depending on things like activity, region and random allocation. It also says tasks and rewards are limited and first come, first served.1
What we couldn’t confirm
- How the position airdrop works: how the position is opened, what happens to the 30 USDT when it closes, and when it expires. Neither help page mentions it.34
- Whether typing code 23956 by hand, or adding it within 14 days of registering, attaches these tasks. The terms mention only registering through the link.2
- Whether the 20 USDT for verification is paid without a deposit. Bybit’s page lists it on its own.1 The campaign terms describe eligible users as those who signed up through an affiliate’s link and made a first deposit.2
- Whether each fee saver pays the whole fee or a percentage, and how long it lasts. Bybit says both depend on the fee saver.34
- Whether every country sees the same three tasks. Bybit says they vary by region.1
Our Bybit link and code
We’re a Bybit affiliate. Which of these is you?
- Not on Bybit yet. The button opens Bybit’s sign-up page with our code attached. The link also adds Bybit’s welcome tasks: up to 100 USDT in rewards for derivatives, not cash. What they are and what they take.
- Signed up in the last 14 days, with no code. You can still add ours from Account Info. How the 14-day rule works.
- On Bybit for longer. A code can’t be added now. The guides work the same without one.
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.
Sources
- 100 USDT Welcome Gifts: the Rewards Hub page for our link
- Terms of Bybit affiliate campaign 84865, “$100 Welcome Rewards”
- Differences Between Each Reward Type
- FAQ — Rewards Hub
- Trading Fee Structure