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The crypto market is highly volatile and moves around the clock, and crypto traders need every advantage available to them. Bybit VIPs have access to a wide range of special tools and features, an amazing community, lower trading fees and other benefits.
In the fifteenth episode of our Learn 101 livestream, we uncover everything you need to know about Bybit’s VIP Program.
Our series, Learn Live ICYMI, provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.
Joining the livestream on Nov 14, 2024 were three distinguished guests: Livio Scalet, Bybit VIP; Tradealot, Bybit VIP; and Maxim Orlov, VIP Team Lead at Bybit. Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores the success stories of our existing VIP traders, the perks the Bybit VIP Program offers and the way you can become the next Bybit VIP.
Key Takeaways:
Bybit VIPs benefit from lower trading fees that bolster profits.
Higher Bybit VIP levels give you access to even lower fees and additional features, events and gifts.
Bybit VIPs can take advantage of an active community for insights and strategy sharing.
Bybit’s VIP program caters to a diverse group of traders, each leveraging their unique strengths and approaches. Maxim, the VIP Team Lead at Bybit, highlights its broad membership, ranging from altcoin enthusiasts and spot traders to long-term investors who prefer to buy and hold.
VIP traders like Livio and Tradealot each adopt distinctive trading strategies tailored to their skills and market conditions. Livio, for example, employs meticulous backtesting to refine his strategies, relying on defined entry and exit points and indicator setups. He emphasizes the importance of understanding past market behaviors to anticipate future trends. On the tools front, Livio frequently utilizes Bybit’s limit orders and bot strategies to enhance trade precision and efficiency, advocating for copy trading as a beneficial tool for novices to emulate the moves of experienced traders.
Tradealot, on the other hand, focuses on price action rather than traditional indicators. In typical market conditions, he might execute 500 to 600 trades per day, a number that can surge into the thousands when the market heats up. His approach is honed for short-term trading, recognizing that his strength lies in quick, voluminous trading facilitated by Bybit’s reduced fees for VIPs.
Risk management is a critical theme for both traders. Livio approaches trading with a calculated view of risk, opting to increase his trade volume when his strategies show a high success rate. Meanwhile, Tradealot emphasizes the importance of understanding his own trading limitations, especially in volatile markets where poor leverage choices can lead to significant losses.
Community engagement also plays a pivotal role in both traders’ strategies. Each one values the insights and feedback from the Bybit VIP community, which they use as a sounding board to refine their approaches and check their strategies.
Personal trading histories further illustrate their journeys and learning curves. Livio’s turning point came at age 18 after a significant loss that steered him toward mastering risk management and technical analysis. Tradealot’s story began with a modest $600 and a series of early losses that underscored the importance of disciplined trading and risk management.
Overall, Bybit’s VIP program not only offers lower trading fees and exclusive events but also fosters a learning environment in which traders can grow and optimize their strategies, drawing on community support and advanced trading tools. Both Livio and Tradealot emphasize the utility of starting with demo trading to build confidence and skills in a risk-free environment.
Attaining Bybit VIP status offers a wealth of benefits, tailored to enhance the trading experience significantly. Maxim explains that eligibility for VIP status is determined either by maintaining a minimum account balance of $100,000, or achieving a requisite trade volume. Once VIP status is attained, you gain access to exclusive perks, including dedicated relationship managers available across all time zones, ensuring prompt support whenever needed. Additionally, VIPs enjoy lower transaction fees, enhanced trading features and more lucrative cashback bonuses with the Bybit Card, among other incentives.
The VIP Program also facilitates unique networking opportunities, organizing live events globally for members to connect with peers and industry experts. For those looking to maximize their returns, Bybit offers Structured Products, such as Dual Asset and Discount Buy, which are particularly beneficial for VIP members through enhanced terms on investments.
Livio, though less experienced with Structured Products, is keen to integrate them into his trading strategy. He recognizes the potential these products hold, and plans to explore them further to optimize his investment approach. On the other hand, Tradealot has embraced the use of Bybit's VIP trading bots extensively, leveraging them alongside higher APYs offered through Bybit Wealth Management. Although the Bybit Wallet isn’t exclusive to VIPs, he utilizes it and also explores options trading, which interfaces seamlessly with several applications he regularly uses.
Tradealot and Livio both share insights on their personal motivations for choosing the Bybit VIP program. Livio cites the lower fees as a crucial factor, enabling him to capitalize profitably on smaller market movements. Tradealot, previously a Binance user, switched to Bybit for its superior platform stability, better fees and higher liquidity, especially under volatile market conditions.
Maxim emphasizes that the journey within the VIP program is progressive, and as members ascend through different VIP levels, they unlock further benefits including higher APYs, exclusive gifts, specialized workshops and access to special events — all coupled with progressively lower fee rates. This tiered system incentivizes and rewards active and high-volume traders, aligning with their evolving trading needs and contributions to the platform.
Becoming a VIP trader on Bybit is straightforward. It offers two primary pathways: newcomers can opt for a 20-day free trial to experience VIP benefits, and existing VIPs from other platforms can qualify immediately by providing a screenshot of their trading volume or asset balance. For those not meeting these criteria, funding a Bybit account with $100,000 also grants VIP status.
Once established as VIPs, traders such as Livio notice significant changes in their trading approach. For Livio, the ability to capitalize on smaller price movements has become a key advantage, along with access to an engaging trading community, while Tradealot embraces the use of advanced trading bots.
A day in the life of a VIP trader varies, and Livio and Tradealot reflect on their personal routines and trading styles. Livio starts his day gathering information to strategize his morning trades, followed by actual trading in the afternoon. In contrast, Tradealot combines lifestyle activities, such as going to the gym or hiking, with his trading routine. He stays updated with both crypto and global news, ready to trade intensively during volatile market periods.
The VIP Program also includes exclusive trading competitions, as Maxim explains. These competitions not only provide an exciting challenge, but also offer substantial rewards. Winners can expect lavish prizes — such as a gold ring adorned with diamonds during the latest TradeMasters Grand Prix Finals — enhancing the allure of participating in these high-stakes events.
This Learn 101 livestream session offers a comprehensive overview of the Bybit VIP Program, shedding light on the exclusive benefits and features accessible to VIP traders. As a member of the Bybit VIP community, you can enjoy an array of perks, including enhanced features, reduced rates and other advantages designed to elevate your trading experience and maximize your profits. We encourage you to explore the various VIP levels available today to discover how they can enhance your trading journey.
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