Bybit Earn Program: Benefits and Risks Explored!
It wouldn’t be wrong to say that crypto earn products have been a game changer, offering investors a pathway to passive income. They not only allow individuals to HODL their coins but also enable them to participate in various protocols, earning rewards and yields in return.
Crypto-earn products take a hands-off approach, allowing users to leverage their existing holdings to generate income without the need for active trading. This aligns with the idea of passive income, a money stream that requires little or no continuous effort.
With mainstream adoption lagging, crypto exchanges are currently leading the charge in crypto-earn products. OKX Earn, KuCoin Earn and Binance Earn reflect the industry’s proactive stance toward empowering users.
Bybit also offers a crypto earn program. In this Bybit Earn review, we will explore its features, benefits and opportunities, highlighting its position in the realm of crypto earn products.
The Key Features of Bybit Earn are:
- Bybit Savings
- ETH2.0 Liquid Staking
- Liquidity Mining
- Dual Asset
- Double-Win
- Wealth Management
- Launchpool
- Copy Trading Platform
Bybit Overview
Bybit is a Dubai-based cryptocurrency and derivatives trading exchange that launched its services at the end of 2018. Since its launch, Bybit has grown into one of the top exchanges that provides users with access to a wide range of assets as well as services.
Bybit has over 270 assets in the spot market and 200+ contracts in the derivatives market. It also offers users services such as trading bots, lending, institutional services, referral and affiliate programs, the Bybit debit card, P2P market, copy trading, and more. The exchange boasts over 15 million users, and it is available in 160 countries.
Bybit allows users to trade with up to 100x leverage on select assets, but it also has a variety of tools that ensure risk is properly contained. Some of the tools include Bybit’s insurance fund, auto deleveraging and cross and isolated margin accounts, among other things.
Bybit has 24/7 customer service available for users to get any issues addressed:
For more information, head over to our in-depth Bybit review. If you want to see how Bybit stacks up against other exchanges, check out our comparison pieces:
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 hosts seven products in total. The first two are suitable for crypto newbies, while the other five are targeted toward advanced investors.
Bybit Savings
Bybit Savings is the exchange’s staking product. It supports coins such as Bitcoin (BTC), Ethereum (ETH), USDT (limited time), ADA and ALGO. You can go about staking your tokens in two ways:
- Flexible: Your staked tokens can be unstaked anytime. They will be auto-credited to your Earn account immediately once unstaked.
- Fixed term: If you choose to stake a coin for a fixed term, you cannot unstake it once the product plan goes into effect.
A feature called APR Booster kicks in when your first daily yield starts to be 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 yield from the APR Booster is capped at a certain amount. The cumulative APR will be valid until the selected booster expires or the cap has been reached.
Unfortunately, compounding is not currently supported, which means neither your flexible nor fixed-term yield will be reinvested automatically to generate additional yield.
ETH Liquid Staking
Liquid staking works in the same manner as standard staking, meaning you can lock up coins to secure a blockchain network. Where the two diverge is that in liquid staking, users can maintain access to virtual funds even while staked, something not available with standard staking where your funds are locked away.
Looking to start trading with a top-tier crypto app? Click here to join Bybit today and get exclusive access to a special bonus when you make your first deposit! Bybit isn’t just any platform—it’s designed for serious traders like you. With competitive fees, advanced trading tools, and an easy-to-use interface, Bybit offers everything you need to elevate your crypto trading experience.
And that’s not all: when you sign up and complete your first deposit, you’ll unlock a special bonus to boost your trading power. Whether you’re just getting started or already a pro, Bybit’s referral program rewards you for taking the next step in your trading journey.
Don’t miss out on this opportunity—sign up now and watch your crypto portfolio grow with Bybit!
