Bybit Guide

Bybit Giveaway: Unlocking a World of Joy and Crypto Prosperity

Beginner
Bybit Guide
2 Th10 2023

In the dynamic realm of cryptocurrencies, giveaways have emerged as a novel way to spread joy and prosperity. They represent the convergence of blockchain technology and the age-old tradition of gift-giving. In this article, we delve into the Bybit Giveaway, a feature that allows you to share your crypto assets with friends on the Bybit platform, fostering connections and appreciation in the crypto community.

Key Takeaways:

  • Bybit Giveaway is a relatively new feature that enables users to share their crypto assets with friends, adding a personal touch with messages and fostering connections through the joy of giving.

  • Bybit Giveaway is designed to be a seamless, user-friendly experience that aims to make the joy of giving and receiving crypto a breeze.

  • Bybit Giveaway is available exclusively on the Bybit app, which can be downloaded from the Apple App Store or Google Play Store.

What Is Bybit Giveaway?

Bybit Giveaway is a feature on the Bybit app that enables users to share their crypto assets with friends, adding a personal touch with messages and fostering connections through the joy of giving.

How Does Bybit Giveaway Work?

Diving into the mechanics of the Bybit Giveaway, it's designed to be a seamless and user-friendly experience, making the joy of giving and receiving crypto a breeze. Bybit Giveaway allows you to share various types of crypto coins that you hold in your Bybit Funding Account. But what makes it even more exciting are the customizable options available. You can choose to distribute the crypto in equal or random amounts to participants, adding an element of surprise to your gift. Additionally, you can set participation requirements, such as whether it’s for new users only or referees, ensuring that your gift reaches the right hands.

Benefits of Using Bybit Giveaway

Embarking on the Bybit Giveaway journey opens up a treasure trove of possibilities for connection, appreciation and community building. This feature isn’t just about sharing crypto assets — it's about fostering relationships and creating memorable experiences. Below are some reasons why Bybit Giveaway stands out as a valuable tool.

Invite Your Friends More Efficiently

Bybit Giveaway offers a unique way to bring your friends into the Bybit community. By sending a Giveaway, you provide a warm welcome to potential new users, who can claim your gift with a fresh email address. This act of generosity not only counts toward your Bybit Affiliate or Referral Program but also serves as an incentive for your invitees to complete Identity Verification Lv. 1 within a day of signing up. Failing to do so will result in Giveaway gifts reverting to your account. 

This method proves advantageous for both parties, as your friends receive a gift even before signing up, and you potentially earn more commission fees as they’re more likely to deposit and trade with the received gifts. Remember, this feature is particularly beneficial for attracting new users, and sharing the giveaway through links can be more effective than using a poster on social media.

Reward Your Community

For key opinion leaders (KOLs) and affiliates, Bybit Giveaway is a fantastic tool to engage and reward your community. Imagine sending a Giveaway to rally your fans before making a significant announcement, or sharing Giveaway posters on your social media to maintain your audience's interest and loyalty. These strategies can be tailored to suit your needs, whether you want to include only referees or have no participation requirements, ensuring that your community feels valued and stays connected.

Keep in Touch With Friends and Fans

Bybit Giveaway also serves as a heartfelt way to convey your best wishes to friends and fans during festive seasons. With no specific participation requirements recommended, it’s a versatile feature to maintain relationships and share the joy of giving, ensuring that your connections remain strong and your network continues to grow.

Risks of Using Bybit Giveaway

While Bybit Giveaway is a secure and user-friendly feature, users should be cautious of potential phishing websites and ensure that the Giveaway link domain is bybit.com before proceeding to claim the Giveaway. Additionally, incomplete Identity Verification and unclaimed Giveaways can result in the return of amounts to the original creator.

How to Use Bybit Giveaway

In order to get started, you’ll first need to download the Bybit app from the Apple App Store or the Google Play Store. You’ll also need to have a Bybit account before proceeding. To register, please follow our simple sign-up guide below.

How to Create a Bybit Giveaway

Creating a Bybit Giveaway

Step 1: Launch the Bybit app and log in to your account. Then, tap on More located on the homepage.

Step 2: Tap on Giveaway, followed by Create.

Step 3: Create your Bybit Giveaway by using the following parameters:

  1. Type: Select between Random Amount and Equal Amount to determine how you would like to share your crypto.

  2. Max Participants: Choose the number of people who can claim amounts from the Giveaway.

  3. If you’ve chosen Random Amount, you need to specify the total amount you would like to distribute randomly in the Giveaway under Total Amount. On the other hand, if you’ve chosen Equal Amount, you then need to specify the amount you wish to allocate to each participant. This way, participants will receive equal shares from the Giveaway.

  4. Custom Message: A message will automatically be generated based on your entered Giveaway amount and the indicated maximum number of participants. However, you can choose to input any message you’d like for your participants to receive. Please note that Bybit’s system has a sensitive word filter to prevent the use of inappropriate language.

  5. There are optional advanced settings that you can also set for your Giveaway. For example, you can choose between No Requirements, Referees Only or New Users Only under Participation Requirements. You can also choose to require a passphrase to claim amounts from the Giveaway under Require Passphrase. Please be careful when sharing the passphrase, as anyone with knowledge of this passphrase will be able to claim amounts from this Giveaway.

Step 4: Once you’ve configured the settings, tap on Create Now. You’ll then be redirected to the Security Verification page, where you’ll need to fill in the verification codes. Tap on Confirm to create the Giveaway.

Step 5: Once the Giveaway has been successfully created, your claim address and QR code will automatically be generated. Ensure that all of your Giveaway details are correct before tapping on Send Now.

Note:

  • Giveaway balances that aren’t claimed after 24 hours will be returned to your Funding Account.

Viewing Your Created Giveaway History

Step 1: On the Giveaway page, tap on View More.

Step 2: Under the Created tab, you’ll be able to view all of the Giveaways you’ve created.

How to Claim a Bybit Giveaway

Claiming a Bybit Giveaway

Step 1: Claim Giveaway amounts by tapping on the provided link or scanning the QR code from the poster shared by the creator.

Alternatively, you can launch the Bybit app and log in to your account. Then, tap on More and then Giveaway, followed by Join. 

Step 2: For Giveaways that have a passphrase requirement, you’ll be asked either to input the passphrase or scan the QR code of the passphrase and copy it to successfully claim your Giveaway amount. Once done, tap on Claim. The gift will then automatically be credited to your Funding Account.

Step 3: To view the specifics of your claimed gift, tap on View Details. 

Notes:

  • Should the creator specify that this is a Giveaway for New Users Only, only users utilizing an email not previously associated with Bybit can access the Giveaway. It's essential to establish a Bybit account within half an hour of accessing the Giveaway to secure your awarded sum. 

  • Balances from Giveaways that remain unclaimed after 24 hours will revert to the account of the individual who created it. 

  • If Identity Verification is still pending after 24 hours of accessing the Giveaway, the funds will revert to the creator. 

  • For the security of your account, it's imperative to consistently verify that the domain linked to the Giveaway is bybit.com to steer clear of any possibly fraudulent sites.

  • Note that access to the Giveaway feature is solely available through the Bybit App. Please also ensure that your app is updated to the latest version (V4.25.0). 

Viewing Your Joined Giveaway History

Step 1: On the Giveaway page, tap on View More.

Step 2: Under the Joined tab, you’ll be able to view all of the Giveaways you’ve joined.

Should You Use Bybit Giveaway?

Bybit Giveaway is a valuable feature for those looking to share crypto assets and connect with others in the Bybit community. It combines security, convenience and personalization, making it a worthwhile consideration for Bybit app users. 

The Bottom Line

Bybit Giveaway stands out as a unique and valuable addition to the Bybit platform, seamlessly blending the world of cryptocurrency with the joy of gift-giving. It offers users a convenient and enjoyable way to share crypto assets, strengthen relationships and even expand their network on Bybit. With its user-friendly interface, security features and personalization options, it stands as a testament to the innovative possibilities of blockchain technology. Whether it’s a birthday, a holiday or just because, Bybit Giveaway is here to make crypto gifting fun and secure!

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