If you’ve ever wanted to have multiple Bybit accounts to test out different trading techniques, you might be disappointed to hear that Bybit only allows one account per KYC user.Today, you’re in for a treat as I discuss a lesser-known feature called the “Bybit sub-account feature,” which is excellent for individual traders, professional asset managers, and investors.This comprehensive guide will teach you all you need to know before opening your own sub-account on Bybit.
What is Bybit Sub-Account?Bybit, a popular cryptocurrency exchange, allows you to have several sub-accounts under your primary KYC Bybit account.
Consider your existing account to be your “Primary Account” and employ the maximum of 20 standard subaccounts. This allows you, as a trader, to experiment with different methods, and you can utilize the sub-account option to grant your trading buddies access to your strategies.
Types of Sub-Accounts offered by BybitAlso, you may read Bybit Review – Trading Fees, Margin Trading, Mobile App
TRY OUT BYBIT SUB-ACCOUNT TODAY! Features of Bybit Sub-AccountsAside from testing different investment and trading techniques, subaccounts offer numerous other advantages.
Subaccounts cannot withdraw funds immediately. Transfers can only be made to your primary account, which improves security when working in groups or when more security is required.
Subaccounts have the same pricing structure as the main account, Bybit VIP users. Your basic account will save you a large amount of money in fees. If you create a new account rather than a sub-account, it will be treated as a new account.
Also, you may read Phemex Vs Bybit Vs BTCC: Which is the best option?
Step by Step Guide on How to create Bybit sub accountCreating a sub-account on Bybit is quick and easy. Just follow these steps:
Congratulations! You have successfully created a sub-account on Bybit. Now let’s move on to setting up security measures to ensure the safety of your sub-account.
Also, you may want to read Top Trader for Copy Trading on Bybit Exchange
VISIT BYBIT RIGHT NOW! How to Transfer Assets Between Main Account and SubaccountsThe two-way transfer feature between Main Accounts and Subaccounts is not supported when:
Also, you may read A Guide to Bybit Margin Trading
Managing and monitoring your Bybit sub-accountTo make the most of your Bybit sub-account, it’s essential to have a clear understanding of how to manage and monitor its performance. Here are some key tips to help you effectively manage and monitor your sub-account:
Also, you may read How to use Bybit in the USA (Is it Legal)?
TRY OUT BYBIT SUB-ACCOUNT TODAY! ConclusionBybit’s sub-account feature gives traders a valuable tool for diversifying their crypto trading methods and handling many accounts. In this article, we went over the step-by-step process of creating a Bybit sub-account, explained the benefits of using sub-accounts, and gave vital information to help you get the most out of this feature.
Remember to take security precautions to secure your sub-account, understand the many types of sub-accounts accessible, and efficiently manage and monitor your trading operations.
Frequently Asked Questions Can I transfer funds between my sub-accounts?Yes, you can move funds between subaccounts. Bybit offers an easy and safe way to transfer funds, allowing you to optimize your trading strategy and manage your funds more efficiently.
Can I close a sub-account?You can close a sub-account if you no longer want to utilize it. Simply navigate to the “Account” section of the Bybit dashboard, select the sub-account you want to close, and follow the steps.
Can I change the permissions of my sub-account?Yes, you can change the permissions of your sub-account at any moment. Bybit’s user-friendly interface allows you to simply change permissions based on your tastes and needs.
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