Get started with Bybit trading competition at ease & never miss out on any opportunities to win bonuses and rewards!

The benefits you gain from joining trading competitions are boundless. You can make money, hone your trading skills, explore untried strategies and so much more. Bybit hosts a plethora of trading competitions, from small but frequent product-specific competitions held once a month or bimonthly to annual grand events like the 

 (WSOT) competition. These contests are a perfect avenue to help you reap profits, regardless of the market condition. 

With so many types of competitions, you may need more clarification on what types you’re eligible to join and what kind of rewards you can gain from them. With this handy guide, you’ll wonder no more as we break down the nitty-gritty of participating in Bybit's trading competitions.

With all its varying products, Bybit has many different kinds of competitions, ranging from 

. Regardless of the type of competition, participants are usually ranked on the leaderboard based on either profit and loss (P&L, or PnL) ratio or trading volume. 

P&L refers to the total amount of revenue and costs of your trading throughout the competition. Hence, when you compete to rank for P&L, you're competing to show how profitable you are.

P&L (%) = (Profit / Initial Equity + Total Deposits) * 100%

If you have the same P&L% as another participant, your total trading volume will then determine your ranking.

Trading volume measures the total number of contracts or crypto traded during the competition. If you achieve the same trading volume as another competitor, you’ll then be ranked based on the time you took to reach that trading volume. 

Benefits of Joining a Crypto Trading Competition

Participating in a crypto trading competition offers numerous benefits to uplift your trading journey. These competitions bring exciting rewards that can increase your gains during a bull market, or offset your losses and reignite your motivation to seek financial gains during a bear market. Moreover, the experience gained from live trading is invaluable, surpassing theoretical knowledge. Competitions provide real-life insights, opening your eyes to new opportunities.

Competing also inspires you to explore innovative trading strategies, going beyond your comfort zone and potentially yielding astounding gains. Comparing your performance with other traders on a level playing field allows you to gauge your abilities and even earn coveted bragging rights if you emerge victorious.

Please be aware of several registration criteria, as they’ll affect your eligibility to join the competitions.

Depending upon the specific competition, the registration criteria will look at the amount of net assets or net equity you have in your Bybit account. But what’s the difference between net assets and net equity? Net assets are your total assets minus your liabilities, and include unrealized gains and losses, whereas net equity excludes unrealized gains and losses.

Besides net assets and net equity, other elements also come to play in influencing your eligibility to join a competition. For instance, a single user shouldn’t have more than one account. If you create multiple accounts to join competitions on Bybit, you’ll be considered a fraud and will consequently be disqualified. Furthermore, you can only participate in one competition within the same time frame, except for grand-scale competitions like WSOT and Copy Trading Fiesta that hold several events within one competition. In such cases, you’ll be able to participate in more than one event simultaneously.

While you may only open one main Bybit account, you can open up to 20 

 connected to your main account, while four Subaccounts can be used to link to your Main Account for competitions. With Subaccounts, you can now join multiple competitions simultaneously to maximize your rewards.

Similarly, Market Makers and Pro users are prohibited from joining Bybit competitions, as they’re typically institutional traders who can make use of their high trading volumes to gain an edge in the competitions.

While most Bybit competitions only specify net assets or net equity as their registration criteria, certain competitions also require a referral link or code on top of the minimum net assets or net equity amount. Through joining such competitions, you can also expect exclusive rewards not found in other competitions.

Speaking of rewards, Bybit generally offers two types of rewards for its competitions: the prize pool and lucky draw. It’s important first to ensure you’re eligible for rewards, especially for P&L-ranked competitions. Even if the competition is ranked by P&L, you’ll still need to hit a minimum specified trading volume before you qualify for rewards. For example, the 

 held in September 2024 required participants to reach a derivatives trading volume of at least $10,000,000 before they could earn any rewards.

The main reward base for Bybit competitions is the prize pool. The prize pools can consist of hundreds of thousands of USDT, or even millions of USDT, depending on the scale of the competition. For large-scale competitions like WSOT and Copy Trading Fiesta, participants can enter several events under these competitions and obtain more rewards. 

It's good to embrace a positive and encouraging mindset as you participate in trading competitions. Observe and learn from the strategies employed by other contestants to refine your own trading plan. By analyzing their moves, you can gain valuable insights and give yourself a competitive edge. Remember, however, that it's also essential to think critically and avoid blindly copying others.

Always analyze your own performance and adjust your strategy accordingly, even in short-term competitions. Also, stay informed about market events and developments that can impact your performance, as this knowledge will maximize your chances of success. With the right mindset and strategic approach, you can excel in trading competitions.

Bybit is actively organizing trading competitions to provide users with a chance to maximize rewards. 

The TradeMasters Grand Prix trading competition and the World Series of Trading (WSOT) are among the biggest annual competitions on Bybit.

TradeMasters Grand Prix Trading Competition

Bybit’s TradeMasters Grand Prix trading competition is a year-long series of derivatives trading contests with a prize pool of 10,000,000 USDT. This year, it opens its first series with a prize pool of 1,000,000 USDT. The competition runs from Feb 18, 2025, 10AM UTC to Mar 11, 2025, 10AM UTC, with registration held between Feb 11, 2025, 10AM UTC and Mar 6, 2025, 10AM UTC. 

You’ll need to hold at least 5,000 USDT worth of crypto in your Bybit account in order to participate and be eligible for rewards, and you’ll be ranked based on either your trading volume or your PnL%. If you reach a trading volume of over $6 million, using specific tools like the 

, you’ll unlock an extra 50,000 USDT prize pool. 

Additionally, if you become a Bybit VIP during the competition period,, you’ll enjoy an exclusive welcome bonus of up to 800 USDT.

Launched in 2020, Bybit’s World Series of Trading (WSOT) has grown continually. In 2024, WSOT broke records with an all-time high of $100 billion in trading volume and over $137 million in profits for its participants. 

 offered a grand prize pool of 10,000,000 USDT and consisted of several trading competitions. 

 competition featured a prize pool of 7,150,000 USDT, split into four reward categories: Squad PnL% Ranking, Regional Squad PnL% Ranking, Individual Profit and Individual Trading Volume. There were also side competitions like 

, open to both Master Traders and Followers, and 

 a vote-based competition whose voters shared in an 800,000 MNT prize pool by voting for a top ten–ranked web3 project. 

How do I know my rewards distribution status?

There will be a Bybit Announcement post regarding rewards distribution and dates.

You can only collect your rewards after a competition ends, with the waiting period ranging from one week to a month. A risk review will be conducted after each competition ends, after which the rewards will be given on the date specified in the announcement post. 

As highlighted above, creating multiple accounts to earn more rewards in competitions is considered fraudulent behavior and will lead to disqualification. Other fraudulent behaviors include 

, volume faking, market manipulation and more. Be sure to read the competition’s terms and conditions carefully to avoid getting disqualified. 

Now that you’ve learned about all the rankings, registration criteria and rewards in Bybit trading competitions, you might be eager to flex your muscles in some of them. But before you do, remember that it’s important to carefully pore over the terms and conditions to ensure you get properly reimbursed for your efforts.

We hope our tips will help your competition journey be a fun and fruitful one. May you enjoy the process and savor the sweetness of winning!

Beginner

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How to Join Bybit Trading Competitions (Ultimate Guide)

Our monthly report delves into insights from options volatility to inspire your next crypto move.

: In January 2025, Bitcoin (BTC) and Ethereum (ETH) faced significant weekend sell-offs driven by macroeconomic factors, including Donald Trump’s U.S. tariff policies, expectations of a strategic Bitcoin reserve and disruptions from AI competitors like DeepSeek.

: BTC and ETH reacted more quickly and sharply than traditional equities did to economic and geopolitical news as leading indicators for Monday market movements, similar to the earlier yen carry trade unwinding in August 2024.

: Ethereum consistently underperformed Bitcoin during market dips in January 2025. However, the options markets reflected a lower implied volatility premium for ETH than expected, based on recent volatility comparisons.

Please check out the report’s highlights.

Macro Factors Influencing Crypto Sentiment

In January 2025, the cryptocurrency market — particularly Bitcoin (BTC) and Ethereum (ETH) — experienced significant volatility largely driven by macroeconomic events. Key influences included U.S. president Donald Trump's unpredictable tariff policies and the emergence of artificial intelligence (AI) competitors such as DeepSeek, both of which created uncertainty in traditional and crypto markets. 

The turbulent sell-offs of BTC and ETH contrasted starkly with the relatively stable conditions observed during the Christmas 2024 period. This volatility was particularly evident on weekends, as crypto markets reacted more sharply to macroeconomic news than traditional equities, often serving as a leading indicator for market movements in the following week. For instance, the reaction to both subsequent labor market data and the hawkish tone from the Federal Reserve resulted in a notable sell-off of crypto assets before traditional markets opened.

Throughout January, a pattern emerged whereby the cryptocurrency market exhibited heightened volatility during weekend trading sessions, especially on Sundays. This trend was characterized by significant sell-offs that preceded the opening of traditional markets on Mondays. The chaotic environment was exacerbated by the launch of Trump-family meme coins and heightened expectations surrounding a strategic Bitcoin reserve, which led to rapid price fluctuations in crypto assets. 

Despite the initial bullish sentiment, these expectations were tempered by conflicting tariff reports, resulting in further volatility. This analysis highlights that the realized volatility — measured by 10-minute returns — spiked significantly during weekends, indicating that the crypto market is particularly sensitive to developments that unfold over the weekend.

Ethereum's Underperformance and Volatility Trends

January 2025 marked a challenging month for Ethereum, which consistently underperformed relative to Bitcoin during periods of market downturns. Despite ETH’s historical tendency to exhibit higher volatility than BTC, the options markets were pricing ETH’s implied volatility at a lower premium than its realized volatility. This discrepancy suggests that investors weren’t fully accounting for ETH’s increasing volatility in their market expectations. 

The emerging trends indicated a growing volatility premium for ETH as compared to BTC, with ETH exhibiting sharper price movements in both upward and downward directions. As January progressed, the divergence in performance between BTC and ETH underscored the unique dynamics within the crypto market, particularly as macroeconomic pressures continued to shape trader sentiment.

Events of January 2025 highlighted the intricate relationship between macroeconomic factors and cryptocurrency volatility. The sharp reactions of BTC and ETH to external events signify their role as leading indicators in the financial landscape, and the pronounced volatility during weekends and the distinct behavior of Ethereum relative to Bitcoin reflect an evolving market characterized by rapid changes and heightened sensitivity to external influences. As the landscape continues to shift, these trends will be critical for traders and investors navigating the complexities of the crypto market.

Advanced

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Bybit X Block Scholes Option Volatility Report (February 2025): January 2025 Marks New Start for Crypto, Shaped by Macro and Policies

The Central African Republic Meme (CAR) is a cryptocurrency launched by the nation's President Touadéra on his official X account.

On Feb 10, 2025, the Central African Republic (CAR) ventured into the cryptocurrency landscape by launching its own meme coin, aptly named the Central African Republic Meme (CAR). This initiative, announced by President Faustin-Archange Touadéra, aims to leverage the global appeal of meme coins to foster national unity and promote financial inclusion within its country.

Meme coin cryptocurrencies are inspired by internet memes, often characterized by humorous or satirical nature. While many of these crypto tokens start off as jokes, some gain significant traction and market value. 

, a subset of this trend, are digital assets associated with specific nations, aiming to promote national identity or causes through the viral nature of memes.

Several countries have experimented with cryptocurrencies, though most have focused on Bitcoin or central bank digital currencies (CBDCs) rather than meme coins. El Salvador, for example, made Bitcoin legal tender in 2021, using it as a way to attract foreign investment and integrate with the global digital economy.

What Is the Central African Republic Meme (CAR)?

The Central African Republic Meme (CAR) is a cryptocurrency launched by that nation's government on Feb 10, 2025. 

 by President Touadéra on his official X account, the coin represents an effort to harness the popularity of meme coins to benefit the country's economy and global standing.

The coin was positioned as a way to bring international attention to the Central African Republic, similar to the way that meme coins like Dogecoin and Shiba Inu have created strong online communities and generated billions of dollars in trading volume. The CAR government appears to be tapping into this trend not only to promote its own economy, but also in order to explore new avenues for digital financial inclusion.

The CAR meme coin is part of the country's broader strategy to support national development and promote financial inclusion. By 

 this digital asset, the country’s government aims to unite its citizens through a shared economic activity, potentially fostering national unity and engaging the populace in developmental projects.

The meme aspect of the coin could increase public engagement and awareness, similar to the way that Dogecoin was initially dismissed but later gained traction, due to its strong community and branding.

Another goal of the CAR coin is to serve as an experimental model for other nations considering digital assets as a tool for national development. If successful, this could inspire other countries — particularly those with limited access to traditional banking infrastructure — to adopt similar strategies.

Central African Republic Adopted Bitcoin as Legal Tender

This move into the cryptocurrency space isn’t the Central African Republic's first. In April 2022, 

 (after El Salvador) to adopt Bitcoin as legal tender. This decision marked a significant shift in the nation's financial landscape, aiming to open new opportunities for its citizens and integrate the country into the global digital economy. The adoption of Bitcoin was seen as a bold experiment, particularly for a country with limited internet access and financial infrastructure. 

CAR Market Performance and Trading Volume

 was trading at approximately $$0.031. The coin's market capitalization stood at around $31 million, with a 24-hour trading volume of approximately $31 million, indicating significant market interest and activity. However, like many meme coins, CAR has experienced high volatility, with its price reaching an all-time high of $0.7757 before declining by a staggering 96% to its current value.

Despite its ambitious goals, the CAR meme coin has faced several controversies. Allegations of deepfake usage in the announcement video by President Touadéra have raised questions about the authenticity of the launch. Concerns have also been raised about the security of the president’s social media accounts, with some speculating that the announcement may not have been made directly by him.

While the Central African Republic’s government has stated that the token supply was locked through Streamflow Finance, detailed emission schedules and distribution plans remain to be published. Meme coins in general are known for their speculative nature, and the risks associated with CAR are no different.

The Central African Republic's launch of the CAR meme coin represents a bold step into the world of digital assets, aiming to unite the country’s citizens and attract global attention. While the initiative holds potential for national development and financial inclusion, it also carries significant risks, including allegations of deepfake involvement, social media suspensions and questions surrounding the coin’s legitimacy.

As with all meme coins, volatility is high, and while early trading volumes suggest strong interest, the long-term success of CAR remains uncertain. Whether this will be a groundbreaking experiment in digital finance or another short-lived meme coin frenzy depends upon market sentiment — and how the project develops in the coming months.

Intermediate

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Central African Republic Meme (CAR): Central African Republic Launches Meme Coin

Bybit Web3's Airdrop Arcade serves as a streamlined and user-friendly aggregation platform for accessing promising crypto airdrops. Learn how to claim airdrops!

In the dynamic landscape of cryptocurrency, 

 represent exciting opportunities to acquire valuable digital assets at no up-front cost. However, navigating the vast array of available offerings and discerning legitimate projects can be overwhelming for both seasoned and new users. 

Bybit Web3 Airdrop Arcade picks the best projects most likely to help you win free crypto through airdrops, eliminating the stress of searching for promising projects. We’ll introduce some of its featured campaigns so you can take advantage of attractive airdrops.

Crypto airdrops are essentially distributions of a cryptocurrency's tokens or NFTs that are given away to users who have fulfilled the preset terms and conditions of the airdrop events. Airdrops usually function as a marketing strategy for new crypto or 

 projects, aiming to boost awareness, adoption and community engagement.

Distribution methods vary. For example: 

Crypto airdrops present exciting opportunities to explore the crypto landscape and potentially acquire valuable assets. However, there are still bad actors around. It’s crucial to conduct thorough research on projects and platforms that offer airdrops to mitigate risk exposure.

Crypto airdrop aggregators are services provided to help you discover and learn about any available airdrops, as they’re essentially free distributions of cryptocurrency tokens by new projects to generate interest and awareness. 

This allows users to quickly find airdrops relevant to their interests and risk tolerance.

Using an aggregator can save time and offer a wider range of options, but it's essential to approach airdrops with caution and conduct thorough research before participating.

Bybit Web3 Airdrop Arcade serves as a streamlined and user-friendly aggregation platform for accessing promising crypto airdrops. It empowers 

 holders to seamlessly participate at no cost in airdrops featuring valuable crypto assets.

Airdrop Arcade simplifies the discovery of valuable crypto airdrops and promising projects by aggregating numerous opportunities and participation mechanics within a single, user-friendly application. This eliminates the time-consuming burden of scouting for potentially rewarding ventures, allowing you to focus on optimizing your participation and maximizing your returns.

While the crypto space features numerous airdrop aggregators, identifying platforms that are both reliable and user-friendly can be a complex undertaking. After all, significant disparities exist in the quality and functionality of available aggregators, emphasizing the importance of selecting a platform that aligns with your specific needs. In this context, Bybit Web3 Airdrop Arcade stands out as a particularly compelling solution.

Recognizing the crypto industry's need for accessible and engaging methods to acquire exclusive web3 rewards and early token airdrops, Bybit Web3 Airdrop Arcade delivers a streamlined platform. 

Airdrop Arcade leverages a proprietary analytical framework that meticulously assesses the potential value proposition of each project before integration into the platform. This rigorous evaluation process ensures the curation of prominent projects and promising protocols that meet stringent internal benchmarks, ultimately maximizing the likelihood of users acquiring valuable airdrops. 

Notably, the category of "gem airdrops" signifies tokens or NFTs exhibiting significant price appreciation potential over time. Featuring meticulously curated projects, such as the ongoing 

 with $700,000 worth of crypto airdrops, the platform offers users a simplified path to valuable opportunities.

Airdrop Arcade facilitates a streamlined redemption process, delivering rewards directly to Bybit Wallets and eliminating the potential complexities associated with 

By incorporating gamification elements, Airdrop Arcade enhances the accessibility of crypto acquisition for users of all levels. The platform provides a gamified environment, featuring multiple tiers and challenges and enabling users to discover rewarding opportunities while enjoying the progressive experience of advancing through various stages and levels, ultimately expanding their crypto holdings. 

User-friendly and specifically designed for both beginners and experienced airdrop enthusiasts, Airdrop Arcade curates promising opportunities and presents them as guided quests within the platform's engaging arcade setting.

Upon completion of the tasks on the platform, users are entitled to exclusive crypto airdrops. Additionally, they can participate in on-chain interactions to win airdrops from initial chain token launches such as 

Airdrop Arcade stands out within the web3 landscape by offering a unique value proposition: gas-free airdrop claims. Users who successfully complete designated tasks are eligible to claim their rewards without incurring any gas fees, as Bybit graciously covers these costs on their behalf. This innovative approach significantly enhances accessibility and minimizes barriers to entry for participants, fostering a more inclusive and engaging crypto experience.

Airdrop Arcade’s simplified participation process, presented with clear and concise instructions, empowers users to readily identify tasks required for reward acquisition and seamlessly enjoy exclusive crypto airdrops. Engaging quests integrated with 

 (DApps) provide rewards such as token airdrops and NFTs, which are conveniently delivered directly to users' Bybit Wallets.

Eligibility to Participate in Bybit Web3 Airdrop Arcade

All Bybit users are eligible to participate in Airdrop Arcade events as long as they own a Bybit Wallet, or based on the terms and conditions of each project. Participants also need to have a valid 

 to earn a chance for the giveaways and exclusive rewards reserved for Bybit users. Participants who complete the required tasks on DApps, such as swapping, staking or following their listed social handles, will be eligible for the airdrops.

Airdrop periods may differ depending upon each project’s terms and conditions. Rewards will be explained explicitly on each campaign page, promoting transparency for users. 

There are currently three featured airdrops on Bybit: GoPlus Airdrops, bbSOL Golden Maxi Rewards and Layer AI Fun.

 (GPS) is a multichain web3 security provider that ensures on-chain security protection across the entire blockchain transaction cycle. Running until Feb 20, 2025, 7AM UTC, the 

 gives you the chance to earn from a reward pool of 1,600,500 GPS by completing two simple tasks as follows:

 features an airdrop with a reward pool totaling $700,000 worth of SONIC, J, SSI and ALCH tokens. To win airdrop Red Packets from these tokens, you’ll need to stake SOL for 

 (bbSOL) and complete all the tasks for each project: 

 (200,000 ALCH). You will need at least 0.55 SOL on the 

 chain to complete all the tasks and become eligible to receive the token airdrops. 

Upon staking SOL, you ‘ll receive bbSOL, which is a 

 that allows you to simultaneously earn staking rewards on Solana while engaging in DeFi activities. The airdrop event ends on Feb 17, 2025, 10AM UTC.

 is a unique airdrop campaign that lists five AI agent projects 

 (ZEREBRO) — in a leaderboard. The projects are ranked based on the number of active addresses that have completed all tasks in each protocol's airdrop campaign. 

Running till Feb 21, 2025, you can pick your favorite project and complete tasks to win your airdrops from a $150,000 prize pool. The AI agent from the winning project will then take over the 

Airdrop Arcade for one week, and select projects for you to enjoy a thrilling AI-driven airdrop experience like no other.

 To be a part of this airdrop campaign, simply do the following:

The world of cryptocurrency continues to evolve, presenting a tapestry of possibilities for savvy investors. Bybit Web3 Airdrop Arcade aims to simplify your exploration, empowering you to capitalize on exciting airdrops and NFT opportunities. Our user-friendly platform eliminates the complexities associated with navigating the crypto landscape, allowing you to focus on what truly matters — acquiring valuable digital assets in fun and engaging ways. With lucrative airdrops and exclusive NFTs up for grabs, this is a prime opportunity to jump-start your crypto journey and unlock the potential of web3.

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Explained: What Is Bybit Web3 Airdrop Arcade?

Bybit Guide

API and API keys work hand-in-hand, allowing the software applications to interact with one another. Learn how to connect Bybit API to optimize your trading strategies.

Trading APIs have been widely used for their versatility and flexibility for customization. The integration of a trading API is especially helpful for automation that enables traders to manage their portfolios, analyze market trends or implement sophisticated trading strategies. As the crypto market continues to evolve, more product upgrades and features are being integrated to meet the increased demand, including the rollout of Bybit APIs. 

In this guide, you’ll learn how to integrate Bybit API with other automated trading applications. 

Bybit API is a set of application programming interfaces (APIs) that allow developers to interact with the Bybit platform programmatically. Bybit is a best-in-class cryptocurrency derivatives exchange that provides trading options for various digital assets. With APIs, developers can access market data, manage orders, execute trades and subscribe to data streams. 

The API has multiple versions that cater to different products and features. For instance, the V3 API supports Spot Trading, USDC Perpetual and Options Contracts, while V2 API supports Inverse Perpetual and Futures Contracts. To maximize security, Bybit API uses 

 encryption for authentication. Developers can use a range of tools and languages, including Python, 

API refers to a communication protocol using a different set of rules and languages, allowing software applications to interact with one another. For example, the web API uses HTTP protocols, allowing developers to access web-based resources via commonly used data formats such as 

API keys, meanwhile, can appear in the form of public or private keys. They function as authentication keys or access tokens, using a string of unique characters that serve as a form of authentication when requesting access to the API function. These authentication keys are generated by the provider of the API primarily to track the usage of the API by different clients or applications. 

Bybit V3 API is the previous version of Bybit's API. It supports linear and inverse contracts for both regular and unified accounts. On the other hand, Bybit V5 API is the latest version, upgraded to support Spot, Derivatives and Options Contracts for 

Here are some of the differences between V3 and V5 API:

The Bybit V5 API is built upon V3 API, making it easy for users to upgrade simply by adjusting the URL and interface fields.

To use Bybit with third-party applications, you must first create an API key on the Bybit platform. But before you do, it's essential to understand the IP rate limit.

 regulates network traffic, based on the IP addresses of incoming requests, and prevents users from repeating actions too frequently within a specific time frame. Bybit has different rate limits for different requests, such as public data, private data and order placement. 

If you exceed the rate limit for a certain request type, you'll receive an error code, and your request will be rejected. To avoid this, you must monitor your request frequency and adjust accordingly. Additionally, consider using WebSocket API instead of REST API for some requests, since WebSocket requests aren’t counted against the rate limit.

Step-By-Step Instructions for Connecting Your API

To use Bybit's API with an application or platform, first, create an API key on Bybit and then connect it to your desired platform. Proceed with the following steps:

If you want to use the 3Commas crypto trading platform with Bybit, first, connect it using an API key. Here are the steps to follow:

Once you’ve completed these steps, you can use 3Commas with Bybit and access various trading tools and features. If you need to update or delete your API key, you can do so from the API management page on Bybit, or the 

Insilico is a trading platform for cryptocurrency that offers a range of tools and features, such as interactive charts, order books, trades, instruments, activity, orders, positions, settings, configuration, execution panels and side panels. 

Here’s how to link your Bybit account to Insilico:

Can I Use the Bybit Testing Environment for API Testing?

Yes. You may use the Bybit testing environment for API testing as long as you want, but the data and transactions aren’t real and may not reflect actual market conditions. The Bybit testing environment, also known as the testnet, is a virtual trading platform that allows you to test your API strategies and codes without risking actual funds. It provides access to Bybit's API services, such as REST API, WebSocket API and historical market data.

Bybit API has three types of interfaces. 

REST API is an interface that lets you send requests and receive responses using HTTP methods, such as GET, POST, PUT and DELETE. You can use REST API to perform various actions on Bybit's platform: Querying market data, placing orders, modifying orders and checking positions. REST API is ideal for low-frequency and high-latency requests.

This interface allows you to establish a persistent connection with Bybit's server, and to receive real-time updates using the WebSocket protocol. You can use WebSocket API, equipped with the WebSocket data, to subscribe to various markets and private data topics, such as order book, 

, trades, funding rate, order status and position status. WebSocket API is best suited to high-frequency and low-latency requests.

You may download historical public market data in CSV format and use this data to backtest your strategies and analyze market trends. Historical market data includes order book snapshots, K-line data, trade data and funding rate data.

Bybit API is a powerful tool that can help improve your trading experience and performance. Here are some of the ways in which you can benefit:

The Bybit API is free to use for Bybit users, without any additional fees or charges. However, regular trading and funding fees still apply to your transactions on the platform.

Bybit API gives developers useful tools and interfaces so they can interact with the Bybit platform through code. These tools allow you to automate trading strategies, access real-time market data and customize your user interface. 

Follow the above steps to set up an API key on Bybit and connect it to third-party apps like 3Commas or Insilico. It's important to note the differences between Bybit V3 and V5 API versions and to stay within the IP rate limits for seamless trading. 

How to Create and Set Up a Bybit API Key

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards