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ByBit Referral Program?

ByBit has a referral program that allows existing users to invite friends and family to join the platform and earn rewards for doing so. The referral program is designed to encourage users to share the platform with others and help grow the ByBit community.?

When a user invites a friend to join ByBit, they will receive a referral link that they can share with their friend. If the friend joins the platform and completes the verification process, the referrer will receive a referral bonus in the form of a percentage of the friend's trading fees. The referral bonus will be credited to the referrer's account and can be used to trade on the platform or withdrawn.?

The amount of the referral bonus varies depending on the level of the referral, with higher levels offering a larger percentage of trading fees as a referral bonus. The referral program also includes a multi-level referral system, which means that users can earn referral bonuses not only for direct referrals but also for referrals made by their referrals.?

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ByBit's referral program is a great way for users to earn extra income by sharing the platform with others. It is a win-win situation for both the referrer and the referee. The referrer earns a referral bonus, and the referee gets access to a reliable and user-friendly cryptocurrency exchange.?

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ByBit Trading Fees?

ByBit is a cryptocurrency exchange that charges trading fees for the trades that are made on its platform. The trading fees on ByBit are relatively low compared to other exchanges in the market.?

The trading fees on ByBit are based on a maker-taker model. A maker fee is applied when a user places a limit order that is not immediately matched by an existing order on the order book, while a taker fee is applied when a user places a market order that is immediately matched by an existing order on the order book.?

The maker fee on ByBit ranges from 0.025% to -0.025%, while the taker fee ranges from 0.075% to 0.025%. The exact fee will depend on the trading volume of the user in the last 30 days. Users who have a higher trading volume will have a lower trading fee.?

Bybit also offers a referral program where users can earn a percentage of their referrals trading fee as a referral bonus. The referral program encourages users to invite their friends and family to join the platform and earn rewards for doing so.?

In addition, Bybit has a perpetual contract trading, that means that the trading fee for perpetual contracts is not the same as for spot trading, and it has a different structure. The maker fee for perpetual contracts ranges from -0.025% to -0.02% and the taker fee ranges from 0.025% to 0.02%. Like the spot trading fees, the exact fee will depend on the trading volume of the user in the last 30 days.?

In summary, ByBit has relatively low trading fees compared to other exchanges in the market, and they offer a referral program that allows users to earn a percentage of their referrals trading fee as a referral bonus. Bybit's trading fees structure is also dynamic, and it adjusts according to the trading volume of the user in the last 30 days, making it more convenient for high-frequency traders.?

Derivative trading?

ByBit is a derivative exchange that offers a variety of derivative trading features for users. Derivative trading is a type of trading that allows users to trade financial contracts that are derived from an underlying asset, in this case, cryptocurrencies. ByBit's derivative trading features allow users to trade with leverage and gain exposure to the cryptocurrency market without actually owning the underlying assets.?

One of the main derivative trading features offered by ByBit is perpetual contracts. Perpetual contracts are a type of derivative contract that does not have an expiration date and allow traders to take a long or short position on the price of the underlying asset. ByBit offers up to 100x leverage on its perpetual contracts, which allows traders to amplify their profits.?

Another derivative trading feature offered by ByBit is the ability to short sell. Short selling is a trading strategy that allows traders to profit from a price decrease by borrowing an asset and then selling it, with the expectation that the price will fall and the trader can buy it back at a lower price to return it to the lender and make a profit. ByBit allows traders to short sell cryptocurrencies, which can be a powerful tool for traders to profit from market downturns.?

ByBit also offers a variety of order types, including limit orders, market orders, and stop-loss orders, which allow traders to customize their trading strategies and manage their risk.?

In summary, ByBit offers a variety of derivative trading features for users, including perpetual contracts, short selling, and various order types. These features allow traders to gain exposure to the cryptocurrency market with leverage, amplify their profits and manage their risk.?