AMA Recap Crypto Library with BYBIT


On 10th June 2022, BYBIT conducted an AMA in the Crypto Library Community. Our guest is Kilo BYBIT Global Community Manager. Lots of questions as usual from the Community about BYBIT progress. The BYBIT team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into BYBIT.

Let’s take a look at the most interesting points of our conversation. 

Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Kilo (BYBIT) : Sure thing! I'm a Global Community Manager at Bybit! The most reliable crypto trading platform. #NextLevelTrading. We share with community and promote current promotions, trading competitions and new products, between many educational activities and community games! Check it out!
Crypto Library Team : Can you give a brief explanation about Bybit?' What popped up in your mind to create such a platform in the crypto space?

Kilo (BYBIT) : Bybit is a platform for all crypto lovers. We started in 2018 and grew from a derivatives only trading platform to a full cryptocurrency marketplace, leading to a fivefold increase in our user base across more than 160 countries. Since then, we have expanded our range of products greatly. We currently have a Spot market, Derivatives products, NFT Marketplace and P2P trading. We also have Bybit Earn which offers staking products - our aim is to have something for everyone. In recent days we've introduced leverage tokens, and Options and cross margin trading are on the way! You can feel comfortable using Bybit with our 24/7 multilingual live support and deep liquidity.

Crypto Library Team : So what are your main features and advantages that discern you from other Exchanges?

Kilo (BYBIT) : Bybit offers the best in trading, whether you’re a Spot trader or into more complex financial products like perpetual contracts. When trading on Bybit, you can be assured of deep market liquidity and flawless trade execution. You won’t have to worry about the exchange freezing up during periods of high volatility either. On top of that, Bybit has a dual-price mechanism which helps to protect traders against market manipulation. Whether you’re using the website or mobile app, there is an intuitive and sleek UI which makes plotting your TA a breeze. Another aspect that sets Bybit apart is our 24/7 multilingual support team which is  always ready to help. We also have a real passion for crypto which is reflected in the quality of our products, you will be hard pressed to find more variety or attention to detail in the crypto sphere.

Crypto Library Team : Bybit also has a referral program. Can you please explain to us the mechanics of your referral system? What will be the benefits received by the referrer?

Kilo (BYBIT) : Sure thing! Let me go in detail. Our referral program rewards our traders for referring friends with derivatives bonuses and unlimited rewards cards worth up to $1,000 each. A qualified referral refers to  a new user who registers on Bybit with your referral code, makes a first time deposit of no less than $10 equivalent, and meets the minimum total trading volume of $10. For this purpose, Total Trading Volume = Derivatives trading volume + 4 * Spot trading volume. For each qualified referral, both you and your friend will get a $20 derivatives bonus and for every $100,000 trading volume your referee makes (up to $5,000,000), you will get a rewards card with bonuses or coupons that can be as high as $1,000. Register today, start trade and invite your friends here !!

Crypto Library Team : Could you share a bit about security and also what benefits you provide to encourage users to choose your platform?

Kilo (BYBIT) : Bybit takes security very seriously! We operate a hot wallet and cold wallet withdrawal system – for convenience, users can make instant withdrawals of crypto at any time of day. For large withdrawals, however, there is a 3-time per day processing schedule, and of course, you can whitelist your wallet for extra security. If you have an issue, our multilingual support team is available 24/7 to assist you. With Bybit you know you will get deep market liquidity and flawless trade execution, with a dual-price mechanism to protect our traders from price manipulation. Bybit also boasts an intuitive UI, a responsive and helpful support team, and a top-of-the-range line of crypto-based products and services.

Crypto Library Team : Are there Tutorials or Instructions for the community to understand more about Bybit, and does your platform accept feedback from the community?

Kilo (BYBIT) : Thank you! Very good question, let me explain in detail. We have a YouTube Channel which has lots of great content including tutorials. For those who are new to trading derivatives, I would recommend checking out this playlist here. We also have Bybit Learn, which is a great resource of knowledge of all things crypto here and here. At Bybit, we strive to listen, care and improve and as such, we are always looking for community feedback. We recently added a one-stop community feedback portal called Bybit Listens where you can share suggestions. In addition to this, we have regular ByVotes events where our traders can vote on our next spot listing.

Crypto Library Team : Do you have any rewards or campaigns for your users?

Kilo (BYBIT) : Bybit is always running exciting promotions where traders can win some awesome prizes. You can check all promotions we have here. One of the most interesting at the moment is deposit campaign where traders can get up to $3,000 in bonuses: 
Also check out ByVotes is a fun way for our new and existing traders to be exposed to some cool new projects and to wield some influence by voting while also having the chance to win an airdrop! Also, newcomers can get even more rewards be completing simple tasks on ours Rewards Hub here. To be updated and not to miss any cool campaigns follow us on our social media channels: Telegram (we also have 18 local communities there from all over the world!) Discord Reddit and our Telegram Announcements Channel to get all the latest news and see our exciting promotions!
Crypto Library Team : It caught my attention when you mentioned that SOMETHING BIG is coming which is the NEXT LEVEL partnership with Redbull Racing. Can you tell us more about this big partnership that you acquired? How will this benefit the ByBit ecosystem?

Kilo (BYBIT) : A next level partnership. Bybit’s new sponsorship deal is a force to be reckoned with. Announcing Bybit's partnership with 4x World Champions, Oracle Red Bull Racing! A new chapter begins. #RaceToTheNextLevel it out here.

Crypto Library Team : As a farmer, my main attraction is providing liquidity to the market and getting very attractive APY. However, apart from trading activities, does BYBIT have anything to offer investors like me compared to other similar projects?

Kilo (BYBIT) : Yes! Let me invite you to check Bybit Earn! Where you can browse a variety of financial investment products

Check it out! You will find many products with juicy APY!

Crypto Library Team : Hi Chief Kilo, I am interested in WSOT Tournament, can I still register and need KYC to register?

Kilo (BYBIT) : Great Question! Yes! You are still on time to join WSOT 2022! Join to Earn 8,000,000 USDT. WSOT is the world’s largest crypto trading competition and it's back with a 8,000,000 USDT prize pool

Crypto Library Team : What's the Bybit Nft marketplace all about?

Kilo (BYBIT) : Bybit recently launched his own Bybit NFT Marketplace! Check it out here:

Cop Limited Edition Mighty Jaxx NFTs to Gain Early Access to the MightyVerse! Launching on June 8, 11AM UTC, 880 limited edition NFT Mystery Boxes will be sold exclusively on the Bybit NFT Marketplace.

Crypto Library Team : What is the difference between LAUNCHPAD & LAUNCHPOOL? Do I have to hold $BIT to participate in either of them?

Kilo (BYBIT) : So Launchpad allows you to gain early access to tokens from promising projects directly on Bybit:
You can learn more about subscription methods here:
While Launchpool allows you to stake and earn tokens for free. The tokens you've staked can be unstaked anytime:
Remember there is a Lucky Draw we prepared for your community with a prize pool of $500USDT and 3 NFT. Follow this link to learn more on how to participate in the Lucky Draw and submit your application:
Crypto Library Team : Do you need to do KYC to participate in Bybit Liquidity mining?

Kilo (BYBIT) : Only individual users who have successfully verified their identity (at least Lv. 1 Basic Verification) can trade Liquidity Mining. To learn more about KYC verification, please refer to the Individual KYC FAQ. Notes:
  • Liquidity mining is not available for business users.
  • Subaccounts are not supported.
For more information check here.

Crypto Library Team : Ambassadors play a very important role in every project, Do you have an ambassador program? if yes please share it with us? 

Kilo (BYBIT) : Yes! Indeed. Our Bybit Ambassadors are key to the success of our communities and continue growthing across more communities! I invite you to read more about it here. Also, in case you are wondering why KYC is needed, check here.

Crypto Library Team : What are the terms and conditions to be followed during WSOT Event?

Kilo (BYBIT) : Best place to find all details is our WSOT FAQ! Check it out here.

Crypto Library Team : I saw the Zero Fee Zero promotion in crypto purchases on the #Bybit platform, is there an article or something else to learn how to deposit?

Kilo (BYBIT) : Yes! Still on time! Event period: April 18, 2022, 12AM (midnight) UTC to June 17, 2022, 11:59PM UTC:
Crypto Library Team : Could you share me how to reach Bybit team for new token listing? Any specific criterias for new token listing on bybit?

Kilo (BYBIT) : Thank you! This is a very frequently asked question! If you are trying to apply for listing and/or Launchpad you can please check this announcement.

  • Apply to Have Your NFT Project Listed on Bybit 
  • ICYMI — Bybit's NFT Marketplace is now fully launched.
  • We're now taking listing applications so contact us if you have an awesome NFT project you'd like to see on Bybit!