For beginners, the first step is NOT the candlestick chart or clicking long/short. First confirm: account registered with correct referral code, fee rebate bound, and you understand futures risk.

🔑 Bind Code Before Trading

Spot: buy BTC / ETH / SOL and hold. Futures: use margin to trade direction, long or short, leverage allowed. Long=bullish, Short=bearish, leverage amplifies P&L, always check liquidation price, set stop-loss first, count fees, no full position, no revenge adding.

1. What Are Bybit Futures?

You do not buy the coin directly. You trade its price direction. BTCUSDT: bullish → Long, bearish → Short. Futures offer two-way opportunities but carry margin, leverage, liquidation, funding rate, TP/SL, position sizing and fee risks.

2. Why 50% Rebate Matters

Futures are frequent: long, short, close, TP, SL, add, reduce, scalp, flip. Every trade may cost fees. BYOFFICIAL registration gives up to 50% fee rebate. Rebate is NOT profit guarantee.

3. Basic Workflow

Step 1 Register

Open link, confirm BYOFFICIAL. If code missing, reopen link. Referral code is usually bound at registration.

Step 2 Security & KYC

ID verification, Google Authenticator, email/phone, anti-phishing code, fund password, withdrawal whitelist.

Step 3 Prepare USDT

Confirm arrival, transfer to futures account, available margin, futures enabled, risk disclaimer read.

Step 4 Pick Pair

Start with BTCUSDT / ETHUSDT / SOLUSDT. Obscure altcoin futures have bigger slippage and wilder moves.

Step 5 Margin Mode

Isolated: independent margin, clearer risk, better for beginners. Cross: shared balance, not inherently safer.

Step 6 Leverage

Higher leverage = liquidation price closer to market. Ask: max loss? stop-loss? liquidation price? position size? emotional chase?

4. Order Types

Market: fast fill, slippage in volatility. Limit: fills at your price, good for cost control. Conditional: triggers on condition, used for planned entry/TP/SL/breakout.

5. Long / Short

Long: expect upside, study long near support. Short: expect downside, study short near failed resistance; sharp pump can enlarge short loss fast.

6. Beginner Risk Control

① See loss first ② Always stop-loss ③ No full position ④ No blind adding after loss ⑤ CPI/FOMC/NFP/ETF/US open-close → reduce size or wait.

7. Common Mistakes

Treat futures like spot, start high leverage, only count profit, chase pumps/dumps, treat rebate as protection.

8. FAQ

Q1 Code? BYOFFICIAL. Q2 Benefits? Up to 50% rebate + spot/futures/Copy Trading/Web3/new-user tasks. Q3 Futures vs spot? Spot buys assets; futures trade direction with leverage. Q4 Beginners trade? Yes, small size, low leverage, isolated. Q5 Liquidation? Forced close when margin insufficient. Q6 Rebate = profit? No.

9. Quick Summary

Bind BYOFFICIAL → up to 50% rebate → small/low-leverage/isolated → scale up after understanding stop-loss