Bybit Account Types

Bybit offers several types of accounts to cater to different trading needs, including:

• Main Account: This is the primary account that users create upon registration. It allows full access to all trading features, including deposits, withdrawals, and participation in campaigns.

• Subaccounts: These are smaller accounts under the main account, designed for better organization and management of trades. Bybit allows users to create:

• Standard Subaccounts: Up to 20 can be created, with up to 4 eligible for trading competitions. These accounts operate independently with separate profit and loss tracking.
• Custodial Trading Subaccounts: These accounts allow users to entrust their assets to professional trading teams. Up to 10 custodial subaccounts can be linked to a main account.
• Unified Trading Account (UTA): This account merges all trading activities and assets into a single account, providing a streamlined trading experience for professional traders.

Bybit Broker Account Opening Process

To open a Bybit account, follow these steps:

• Sign Up: Visit the Bybit website and click on the “Sign Up” button. You will need to provide your email address and create a password.

• Complete KYC Verification: After signing up, complete Level 1 KYC verification by providing necessary personal information and identification.

• Open a Main Account: Once KYC is verified, you can open your main account. This is the account under which you can create subaccounts.

• Create Subaccounts: Navigate to the subaccount section in your main account to create up to 20 standard subaccounts or custodial subaccounts, depending on your trading needs.

• Fund Your Account: Transfer funds from your bank account or other cryptocurrency wallets to your Bybit account to start trading.

• Set Up Security Features: Enhance the security of your account by binding it to Google Authenticator and enabling other security measures as needed.

Bybit provides a user-friendly interface and a straightforward process to help traders get started with their accounts efficiently.