Bybit is deservedly considered to be one of the most generous crypto exchangers that offers an abundance of bonuses, constant promos, and other goodies for users. You can read more about Bybit’s deposit methods, deposit taxes, and related bonuses here.
However, among other Bybit bonuses and rewards, there is a separate category of Bybit coupons that requires special attention. Today you will learn what a Bybit coupon is, what kinds of it are available, and how to use a Bybit coupon.
What Are Bybit Coupons and How Bybit Coupon is Different from Bybit Bonus?
Bybit coupons are a separate category of rewards provided by Bybit whereby you can get a tax refund for your trading.
The main difference is that a Bonus can be used as a margin for trading, whereas the Coupon is only a refund of the fees paid when trading.
You can withdraw neither a Bonus nor a Coupon, but you can use them to make your trading much more profitable.
Bybit Coupon – How to Use?
There are three types of Bybit coupons available to you, which you can get in different ways, but they are all available in the Rewards section, where you can find information about the terms and conditions for each one.
Remember that each Bybit Coupon has its own terms and conditions within which you can use them. You can get comprehensive info about each of them by clicking on the coupon and then you will be taken to its details.
To use the coupon, you need to click Use, after which it will take effect if you have passed KYC and met the other conditions listed therein.
In case these coupons involve redundancy, then after reaching a certain amount, it will be returned to your Wallet, namely the Funding Account.
Bybit Trading Fee Coupons
Among the two main coupons, a Coupon that reduces the specific fee amount:Â
Suppose you have received a coupon worth 50 USDT. From the moment you use it, you will not pay any trading fee until your total trading fee amount reaches 50 USDT. As soon as the total amount of trade fees becomes, for example, 51 USDT, the coupon expires and you start paying as usual.
And Coupon that reduces the specific fee percentage:Â
Suppose you received a 20% off coupon, and until a certain date specified on the coupon, you will enjoy a 20% reduced trade commission. For example, your commission is 100 USD, but you will actually pay 80 USD during the coupon period.
Bybit Buy Crypto Coupon
There are also a number of coupons available to you that cover transaction fees by a certain amount for Credit Card/One Click Buys, or Fiat Deposits. These are one-time coupons that have limits on certain amounts and terms of use, which you can read more about by clicking on them.
Bybit P2P Coupon
The latest Bybit coupon available offers you cover up P2P transaction fees that you would normally pay as a seller or as a buyer. These coupons like the others involve a certain limit on the amount as well as the period of use, which you need to pay attention to.
Conclusion
These are not the only favorable terms and advanced features of Bybit, like Bybit Copy Trading Bots and others you can see from the Bybit Comprehensive Review.
But as you may have noticed, Bybit offers many options on how you can reduce your commission costs from using them, and make your trading much more profitable.
This applies to Spot and Futures trading, but also to P2P trading, which for many is the main focus, as well as Buy Crypto.
And, of course, you are welcome to explore other comprehensive reviews about leading crypto exchanges and step-by-step guides about many crypto activities on Bitcoinsensus.
