It wouldn't be wrong to say that crypto earn products have been a game changer, offering investors a pathway to passive income. These products allow users to not only HODL coins, but also to take part in different protocols and earn rewards.
Crypto-earn products allow users to leverage existing holdings without having to actively trade. This fits in with the concept of passive income – a source of income that doesn’t require constant effort.
As mainstream adoption is lagging behind, crypto exchanges have taken the lead in developing crypto-earning tools. OKX Earn, KuCoin Earn and Binance Earn reflect the industry's proactive stance toward empowering users.
Bybit offers a cryptocurrency earn program. This Bybit Earn review will highlight its benefits, features and advantages, as well as its position within the world of crypto earn products.
Bybit Earn Summary
Bybit Earn offers investors a variety of innovative financial products. Bybit Earn offers users the opportunity to earn passive income through activities such as staking, structured investments and other forms of investment.
Bybit Earn’s Key Features include:
- Bybit Savings
- ETH2.0 Liquid Staking
- Liquidity Mining
- Dual Asset
- Double-Win
- Wealth Management
- Launchpool
- Copy Trading Platform
Note: Users from the US and UK do not receive support.
Overview of Bybit
Bybit, a Dubai-based exchange for trading in derivatives and cryptocurrencies, launched its services towards the end of 2018. Bybit is a Dubai-based cryptocurrency and derivatives trading exchange that launched its services at the end of 2018.
Bybit offers over 270 assets on the spot market, and more than 200 contracts in the derivatives markets. Users can also access services like the Bybit debit cards, lending, affiliate programs, referrals, the P2P market and copy trading. It is accessible in 160 countries and boasts 15 million users.
Bybit’s tools allow users to trade up to 100x with selected assets. Bybit has a number of tools including an insurance fund, automatic deleveraging, and cross and isolate margin accounts.
Bybit offers a 24/7 customer service to help users with any problems.
Visit our detailed Bybit review for more information. Check out our comparisons to see how Bybit compares with other exchanges.
Bybit vs:
- PrimeXBT
- KuCoin
- Bitget
- Binance
- OKX
- SwissBorg
If you are interested in a guide, we have put together this Bybit Trading Guide, or alternatively you can check out Guy's Bybit Exchange Guide below:
Bybit Earn Products
Bybit Earn has seven products. The first two are for new crypto investors, while the five other products are aimed toward more advanced investors.
Bybit Savings
Bybit Savings is the exchange's staking product. It supports coins like Bitcoin (BTC), Ethereum, USDT (limited-time), ADA, ALGO and ADA. Two ways are available to stake your tokens:
- Flexible: The staked tokens are available for withdrawal at any time. Once unstaked, they will automatically be credited to your Earning account.
- Fix term Once the product plan has been implemented, it is not possible to unstake a coin.
APR Booster is activated when the first daily yield is calculated. Here's how it works: If you've purchased Flexible Savings with a 100% APR and the APR Booster you've selected offers a 10% APR, your product plan will have a cumulative APR of 110%.
The APR Booster has a cap on the yield. The APR cumulative will remain valid until either the booster selected expires, or the cap is reached.
Unfortunately, the current version of Compounding does not support automatic reinvestment, so neither your flexible-term nor fixed-term returns will generate additional income.
ETH Liquid Staking
The same way as standard staking you can also use liquid staking to lock coins up and secure a network. The main difference between the two is that with liquid staking users can still access their virtual funds while they are staked. This is not possible with standard staking.
Bybit allows you to earn up 7% APR while trading with your staked Ethereum. Liquid Staking is a solution for users that allows them to stake directly onto a proof-of stake network. The protocol issues a liquid staking token (LST), which grants users liquidity access as they stake. Token holders stake and receive LST as proof of ownership. LSTs are tradable and can be used for decentralized finance or decentralized applications.
You can stake your ETH for stETH — the tokenized representation of your staked ETH that generates yield. The decentralized stake pool Lido issues stETH. Users holding stETH receive daily yields in their funding account. You can also redeem your stETH to ETH one-to-one.
Liquidity Mining
Bybit Liquidity Mining offers a variety of liquidity pools based on the AMM model. Each pool has a pair coins that you can exchange. The liquidity you've added to the pool will be applied to the market, thus ensuring higher yield and better capital utilization.
Add liquidity to the pool and you can earn a yield from swap fees. You can add liquidity in order to boost your yield, increase your share of the pool and grab more liquidity. When you add leverage to your portfolio, it can come with liquidation risks.
BTC/USDC is one of them. Others include ETH/USDC and BTC/USDT. DOGE/USDT can be used by meme coin enthusiasts.
Dual Asset
If you've been waiting for a token to hit an even lower price, this one's for you.
Bybit Dual Asset offers a floating return investment product that is not protected by the principal. You can profit from price fluctuations by predicting the direction a crypto asset will take within a set timeframe, while still enjoying returns on capital.
There are a variety of tokens, target prices and durations available. Your yield will vary depending on how the cryptocurrency price moves. Although the APR will be guaranteed, there may also be certain risks.
- Due to the volatility of the market, returns on asset values are not guaranteed.
- You cannot redeem or cancel your subscribed assets before the settlement day.
- You lose out on the chance to sell or buy at a good price if the price drifts further from the target.
Double-Win
Bybit Double-Win, a structured short-term product of advanced technology, helps users to anticipate market trends in both directions. The product is built on the concept binary options. The product is based on the concept of binary options.
Double-Win Plans have a limited maximum risk, which is the amount invested. Profits vary based on how much the underlying asset changes in price. It is therefore ideal in the following situations:
- You can use this expression when you are anticipating strong market movement but are uncertain of its direction, particularly before the release or major financial indices and industry headlines.
- You can use leverage to protect yourself from market volatility.
It's important to note that once you've subscribed to Double-Win, you can't modify or cancel that order.
Bybit gives a great example of Double-Win:
- Investment Amount 500 USDT
- Current Price: 27,000 USDT
- Entry Price 27.050 USD
- Estimated Leverage 20x
- Double-Win Range: Plus 200 USDT
- Expiration Date Sep. 30, 2020, 8 am UTC
Calculation
If the Double-Win range is +/-200 USDT, then the lower range price would be 26,800 USDT. And the upper range price would be 27,200 USDT.
Now, let's consider three (3) scenarios at expiration:
Winning Scenarios
- Settlement Price The 27500 USDT
Based on the calculations, the payout would be approximately USDT 610.90 in this case:
500+20×500×(27,500−27,200)/ 27,050 = 610.90 USDT
- Settlement Price 25 USDT
The payoff in this case would be around 1313.31 USDT, based on these calculations:
500+20×500×(26,800−25,000) / 27,050 = 1313.31USDT
Losing Scenario
- Settlement Price 27,000 USDT
In this case the settlement price is between 26800 USDT and 27200 USDT. The result is zero payoff. In this case, the user is out the entire amount of investment.
Wealth Management
Manage, plan and invest digital assets.
Bybit Wealth Management provides a range of portfolios and professional investment strategies to help achieve users’ investment goals. Bybit holds all funds and conducts all investment activities within the platform.
Bybit Wealth Management is managed by trusted third-parties, including entities affiliated with Bybit. The company stated that these entities have gone through a stringent screening process. I would like to see more transparency in this area. “Trusted” Third parties are.
Launchpool
Launchpools are designed in DeFi to help launch new projects or tokens. The platform is a place where users can provide liquidity or stake in exchange for newly-minted tokens. New projects often use launchpools to create interest and bootstrap liquidity for their tokens. Launchpools are a way for users to get rewards and profit from the token’s appreciation.
You can earn tokens by participating in the Bybit Launchpool. What’s the best part? Tokens can be un-staked at any time. The number of tokens that you earn is dependent on the number of tokens that you stake into the pool. You can earn USDT, your stake currency and new tokens at the same time.
Bybit Exchange Security
Security is an important aspect of any cryptocurrency exchange, as it impacts the user as well the platform. Users should prioritise platforms with proven security to protect assets and personal data.
Here's an overview of Bybit exchange's security:
Platform Security
Triple Layer Asset Security and Platform Security
- Users’ funds are securely stored offline in cold wallets. These funds are protected against unauthorized online access by a combination advanced multi-signature schemes, Trusted execution environment and Threshold signature schemes.
- Bybit publishes the results of its audits of Proof of Reserves.
Privacy Protection
- Bybit’s products and services are built with privacy in mind.
- The company is open about what data it collects and how it will be used.
Data Protection
- Data is encrypted during storage and transmission using desensitized queries interfaces.
- You will only be able to access your information if you are authorized to do so.
Real-Time Monitoring
- Bybit’s risk controls track and analyze the user’s behaviour in real time.
- When suspicious activities are detected, enhanced authentication measures will be implemented.
Bybit adheres to industry standards not only in terms of security but also Proof of Reserves.
Security and Compliance Initiatives
Bybit works closely together with regulatory institutions and bodies.
- Know your customer: The exchange bases its KYC process on the principles behind Customer Due Diligence. It partners with solution providers in order to make it easy and efficient for the users.
- Law Enforcement Bybit is collaborating with law-enforcement organizations to combat cybercrime including anti money laundering schemes. Bybit also helps track and recover the missing assets of users.
- Responsible Trading Programs Our company offers timely trading updates, as well as a variety of resources for risk management and safety tips. This allows our users to make safe trades.
Bybit Earn: Risks and Benefits
Diversification, managing risk and being informed are all key components to a successful investment plan. Here are some of Bybit Earn's benefits and risks.
Bybit Earn Benefits
- Diverse Investment Opportunities Bybit Earn provides a range of investment and staking products for both novice and experienced investors. Users can choose between flexible and fixed-term, liquid, liquidity mining, double assets, and advanced structure products.
- Liquidity access: Bybit's liquid staking and liquidity mining options allow users to stake their assets while still maintaining access to them. This is a very useful feature.
- User-Friendly Interface: Bybit's platform is designed to be user-friendly, making it accessible for both beginners and experienced traders. The interface makes it easy for users to navigate between investment options.
- Security measures: Bybit has implemented robust security measures. These include offline storage of funds and privacy protection. Real-time monitoring and compliance initiatives are also in place.
Bybit Earn Risques
- Market Volatility Cryptocurrency investments can be volatile. Asset values can change dramatically, resulting in potential losses. This is especially true for leveraged products or highly volatile ones like Double Win.
- No guarantees: Bybit's investment products, such as Double Win and Dual Asset, do not offer principal protection. The risk is that users could lose their invested capital in the event the market goes the other way.
- Uncertainty about Regulation: Changes in regulations can impact the availability and terms of certain investment products, potentially affecting users' earnings.
- Liquidity risks: Although liquidity mining is profitable, it does involve providing liquidity to different pools. The profitability of liquid mining can be affected by sudden changes in market demand, or in the dynamics of the liquidity pools.
- Wealth Management Lack TransparencyThe core of cryptography is the ethos. “don't trust, verify”Bybit’s statement: Bybit's statement: “We use trusted third parties” If the third party does not inspire confidence in us, then we want to know who they are.
Bybit Earn Review: Final Thoughts
Bybit Earn has a variety of crypto earn products to suit both newbies and experienced traders. Bybit Earn offers a variety of Earn products, including liquid staking, flexible and fixed-term stakes, and liquidity mining.
Bybit's emphasis on user-friendly interfaces and robust security measures enhances the overall experience, making it accessible and secure for investors to explore various investment strategies. This ability to maintain access to liquidity, especially when it comes to liquid staking and mining liquidity, gives users a huge advantage. They can balance earning potential with asset flexibility.
Ultimately, educated decision-making, diversified portfolios, and continuous monitoring of market trends are crucial elements in maximizing the benefits of Bybit Earn's offerings.
Use our signup link to get a bonus of up to $50,000 and enjoy 0% maker fee for 30 days.
FAQs
Earn on Bybit is a new service that allows you to earn money by clicking on links.
Bybit Earn, a suite financial products provided by the Bybit cryptocurrency trading exchange, allows users to generate passive income through their cryptocurrency holdings.
Is Bybit regulated?
Bybit is currently not regulated by any government. It has an in principle license in Dubai as a provider of virtual assets services.
Is Bybit Secure?
Bybit has put in place a number security features to protect both its users and funds. These features include:
- Offline Storage Bybit’s cold wallets are completely disconnected from the internet and store the vast majority of user funds.
- Encryption: Bybit’s platform uses encryption to protect data during both storage and transmission.
- Authentication Controls: Bybit has strict authorization controls that ensure only authorized users are able to access personal and private data.
- Real-Time Monitoring: Bybit’s risk controls track and analyze the user’s behaviour in real time.
- Regulatory Compliance Bybit is committed to working with regulators and institutions in order to comply with anti-money-laundering (AML) and Know Your Customer protocols.
- Proof of Reserves Audits Bybit performs Proof of Reserves Audits to verify the authenticity of assets on the platform.
Does Bybit require KYC for its users?
Bybit does use KYC for identifying customers and analyzing their risk profiles. This helps to stop money laundering, and the financing of illegal activities.
Has Bybit ever been hacked by hackers?
Bybit is not hacked.
