What Is Bybit? Guide to Register & Get Trading Fee Rebates via Long Cashback

In the bustling world of cryptocurrency, choosing a reliable, transparent exchange with fair fees is essential to maximizing profits. Bybit, one of the top global crypto exchanges, is especially appealing to Vietnamese users because it offers trading fee rebates when registering through Long Cashback.

This guide will help you understand what Bybit is, its key strengths, and how to participate in the rebate program to reduce your trading costs over the long term substantially.

What Is Bybit?

Bybit Fintech Limited, founded in 2018 and headquartered in Dubai, UAE, is the world’s second-largest cryptocurrency exchange by trading volume, only behind Binance.

Initially focused on futures trading, Bybit has swiftly evolved into a comprehensive financial ecosystem offering services for both short-term traders and long-term investors.

Key Products & Services Offered by Bybit

Bybit offers a wide range of crypto products and services:

1. Spot Trading
   Supports hundreds of crypto pairs, including BTC, ETH, USDT, USDC, and promising altcoins. Features fast matching, deep liquidity, and competitive fees—typically around 0.1% maker/taker.
2. Futures & Perpetual Contracts
   Offers up to 100× leverage on BTC and ETH, with Cross Margin, Isolated Margin, Stop Loss, and Take Profit options. Supports various contract types—USDT‑M, USDC‑M, or Coin‑M—to suit different strategies.
3. Options Trading
   European-style options are available, enabling diversified trading strategies for hedging or speculative purposes.
4. Earn & Staking
   Provides fixed and flexible Earn products, DeFi staking, Savings, and Liquidity Mining for passive income.
5. Copy Trading
   Users can replicate strategies from top-performing Futures traders. Performance metrics like profit history, win rate, and risk levels are made transparent.
6. Launchpad & Launchpool
   Join early token offerings at preferential prices. Participation often requires holding Bit (BIT) tokens or staking to earn points.
7. Bybit Card
   A Visa debit card linked to your Bybit account—allowing crypto-backed spending worldwide at millions of merchants.
8. TradingView Integration
   Allows direct trading from TradingView charts, combining advanced analysis tools (indicators, drawing tools, alerts) with seamless execution.

Security & Transparency

Bybit emphasizes user trust through robust safety measures:

• Proof-of-Reserves & Liabilities Reporting
  Regularly publishes cold and hot wallet balances to prove that customer assets are fully backed. 
   
• Insurance Fund
  Maintains a substantial fund (potentially hundreds of millions USD) to cover losses in cases of forced liquidations or system issues.
   
• Independent Security Audits
  Collaborates with top firms like Hacken to identify and remediate vulnerabilities.
   
• Multi-Layer Defense
  Uses multi-signature cold storage, firewall and DDoS protection, 2FA, anti-phishing codes, and withdrawal whitelisting.
   
• Transparent Incident Management
  In case of unexpected incidents, Bybit pledges timely updates, ensures withdrawal capabilities, and protects user assets.

Why Trade on Bybit via Long Cashback?

By default, Bybit’s fees vary based on trading volume and VIP level—but they may be higher than some competitors.

However, when registering via Long Cashback, you can get 50% cashback on Spot and Futures trading fees. This significantly lowers your cost basis and enhances profitability.

Example:
Trading 10,000 USDT on Futures with a 0.02% fee = 2 USDT fee; with 50% cashback, you get back 1 USDT—an immediate reduction in expense.

Coupled with Bybit’s competitive base fees (Spot: ~0.1%, Futures: ~0.02%), this creates a clear advantage over other exchanges.

How to Register on Bybit via Long Cashback

1. Sign up using Long Cashback referral link
   Provide your email or phone number and set a strong password. The referral code should be auto-filled, or use code DVMRMYB to activate cashback manually.
    
2. Complete KYC Verification
   Upload a valid ID (e.g., ID card or passport) and a selfie. Approval typically takes up to 24 hours. This grants access to higher withdrawal limits, Launchpad, Earn, and other features.
    
3. Enable 2FA Security
   Set up Google Authenticator or SMS-based 2FA. It's also recommended to enable anti-phishing codes and whitelist trusted withdrawal addresses.
    
4. Deposit Funds & Start Trading
   Deposit crypto or acquire USDT via P2P. Once you execute your first Spot or Futures trade, the 50% rebate will be credited directly to your Bybit wallet.

▶ Watch the detailed video tutorial here:

Final Thoughts

Bybit delivers a full-featured ecosystem—from Spot, Futures, Options to Earn products—backed by proven Proof-of-Reserves and a user-protecting insurance fund.

When combined with Long Cashback’s 50% fee rebate, it becomes a powerful, cost-effective trading platform.

If you seek a solution that balances low costs, top-tier security, and transparent service, Bybit via Long Cashback is an excellent choice.

Note: This content is not financial advice. Long Cashback holds no responsibility for user decisions.