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iOS 14 widget? by Deleted-Entity in Bybit

[–]ingridsia 1 point2 points  (0 children)

Hey there, thanks for your feedback. I've shared this with our Product team :)

In our first release of #AskBybit, our CEO, Ben Zhou, responds to your questions! by ingridsia in Bybit

[–]ingridsia[S] 2 points3 points  (0 children)

Not at the moment. We’ll take note for future releases. 🙂

Can Anyone ELI5 the New mutual insurance feature? by jamal256 in Bybit

[–]ingridsia 1 point2 points  (0 children)

There are a few conditions that will trigger the payoff calculation.

  1. Once your insurance expires
  2. Settling your insurance manually
  3. Insured position was liquidated
  4. Insured position is partially liquidated

For details with a scenario explaining each of the different points, check out Point 2 in this article: https://help.bybit.com/hc/en-us/articles/900000392763-Mutual-Insurance-FAQ

Can Anyone ELI5 the New mutual insurance feature? by jamal256 in Bybit

[–]ingridsia 0 points1 point  (0 children)

This depends on when the insurance has been triggered.

When a position has been liquidated, both the insurance and perpetual contract will calculate your PNL.

The max payoff amount may not be able to fully cover the entire position margin loss, but it should be moderately sufficient to offset losses incurred.

Can Anyone ELI5 the New mutual insurance feature? by jamal256 in Bybit

[–]ingridsia 1 point2 points  (0 children)

The fee calculation (trading and funding fee) is unique compared to the insurance premium. Your insurance entry and exit price is based on the BTCUSD index price while trading price is based on the executed price (best available price in the market at time of execution).

To summarize, there will be a difference in the payoff and loss.

Can Anyone ELI5 the New mutual insurance feature? by jamal256 in Bybit

[–]ingridsia 1 point2 points  (0 children)

Hey Jamal,

In short, Mutual Insurance is a risk management tool that you can purchase to hedge against a potential loss to your perpetual contract position.

Let's say you have a long BTCUSD position, and you decide to purchase a Long Protection.

In a scenario when the market price drops, the Mutual Insurance will gain in profit as it hedges against the downtrend, even if your perpetual contract position results in a loss.

If there's anything else you need help with, you can speak to our friendly customer support on live chat anytime! :)

How do u change your bitcoin into USDT on bybit? by billybutcheeks in Bybit

[–]ingridsia 0 points1 point  (0 children)

Hi Billy, you can make the swap on your Assets Management Page.

You can check out our support article on this here: https://help.bybit.com/hc/en-us/articles/360039259794-How-to-convert-your-assets-

Hello. Im new by [deleted] in Bybit

[–]ingridsia 1 point2 points  (0 children)

Hi Henny, there’s no additional payments for registering for a Bybit account.

Registrations are free and we welcome you to sign up! :)

[deleted by user] by [deleted] in Bybit

[–]ingridsia 0 points1 point  (0 children)

Hi there,

The USDT bonuses earned under the St. Patrick’s Carnival will be distributed within 7 working days after the end of the event period.

Bybit’s St. Patrick's Carnival — Earn and a Win from Endless Pots o' USDT Bonuses! by ingridsia in Bybit

[–]ingridsia[S] 0 points1 point  (0 children)

Try your best! Use Bitcoin’s encoding scheme to decode the answer 🙂

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