As of July 2024, Bybit has upped the competition game! Now you can link up to four Subaccounts to your Main Account, allowing you to participate in multiple trading competitions simultaneously and maximize your profit potential. Gone are the days of being limited to just one competition with your main account. Intrigued by the chance to unlock this trading advantage but unsure how to set up Bybit Subaccounts? This step-by-step guide will equip you with everything you need to start using Bybit Subaccounts and embark on your journey towards dominating trading competitions and beyond.

Bybit Subaccount: A Comprehensive Guide

Delving into Bybit Subaccounts

Bybit Subaccounts offer a powerful tool for traders seeking to elevate their experience on the platform. These sub-accounts function as smaller, independent accounts nested within your main Bybit account. Setting them up is completely free, and they require no minimum balance to maintain activity. Think of them as extensions of your main account, with a few key distinctions: you cannot directly deposit or withdraw funds on a sub-account, and they are ineligible for Bybit Earn products.

There are two primary sub-account types at your disposal: Standard Subaccounts and Custodial Trading Subaccounts.

• Standard Subaccounts: These sub-accounts are ideal for traders who want to organize their assets and simplify trade tracking across multiple accounts. You can link up to 20 Standard Subaccounts to your main account, with a maximum of four being eligible for participation in trading competitions like WSOT and Copy Trading Titans.

• Custodial Trading Subaccounts: For those seeking professional guidance, Custodial Trading Subaccounts allow you to entrust your funds to a pre-selected professional trading team. Individual investors can connect up to 10 Custodial Trading Subaccounts, while established trading teams can link up to 20.

Why Bybit Subaccounts Are Your Trading Arsenal’s Secret Weapon

Bybit Subaccounts empower you to unlock a multitude of advantages, granting you greater control over your funds and investment strategies. Here’s how they elevate your trading experience:

• Enhanced Organization: Subaccounts act as separate compartments for your funds, fostering a more organized approach to managing your assets. This streamlined structure simplifies tracking your investments across different accounts.

• Sharper Performance Analysis: By isolating competition activity within Subaccounts, you gain a clearer picture of individual competition performance, untainted by the daily fluctuations of your Main Account. This allows for a more precise evaluation of your trading strategies.

• Competition Conquest: With the ability to connect up to four Subaccounts specifically for competitions, you can exponentially expand your participation. Seize the opportunity to engage in multiple competitions simultaneously, maximizing your potential for rewards and honing your trading skills across diverse challenges.

Bybit Subaccounts: A Step-by-Step Guide

Bybit Subaccounts offer a wealth of benefits, but to unlock their potential,

Step 1: you’ll need a Bybit Main Account. Here’s how to get started:

Prerequisites:

• A Bybit account
• Lv.1 KYC verification completed

Creating Your Subaccount:

1. Log in to your Bybit Main Account.
2. Click on the profile icon and select “Subaccount.”
3. Within the Subaccount section, click on “Create Subaccount.”

Step 2: Now it’s decision time! Choose the type of Subaccount that best suits your needs:

• Standard Subaccount: This is the most common option, ideal for organizing your assets and simplifying trade tracking. Here, you have two choices:

  • Typical Standard Subaccount: This requires only a username, allowing you to access it through Account Switch from your Main Account.
  • Custom Subaccount: This option offers more control, requiring both a username and a password for independent login via the Bybit login page.

Step 3: If you select a Standard Subaccount, you can create two types: the typical Standard Subaccount, which only requires a username, or a Custom Subaccount, which requires a username and a password.
The Standard Subaccount offers two Standard Subaccount types: Standard Account and Unified Trading Account (UTA). The Standard Subaccount keeps all your trading activities separate, while the UTA combines all your Spot and Derivatives trading activities (except Inverse Derivatives) and all your assets into a single account. Upon selecting your preferred account type, click on Confirm to create your Subaccount.

Managing Your Subaccount

Switching Accounts

Step 1: Make sure that the Account Switch feature is enabled in your Subaccount. To activate this feature, log in to your Main Account, head to the Subaccount tab and click on Settings to enable it.

Step 2a: Navigate between your accounts by hovering the cursor over your profile icon and clicking on the account you wish to use.

Alternatively, click on Switch/Create Account, and a pop-up box displaying the various Subaccount functions (Account Switch, Subaccount Management and Subaccount Creation) will appear.

You can also click on Account Switch on the Subaccount tab to log in to your selected Subaccount. Note that this button is unavailable for Custodial Trading Subaccounts, frozen Subaccounts, or when the Account Switch or Login Permission is toggled off.

Logging In to Custom Subaccount

Step 1: If you’ve created a Custom Subaccount, you can log in to it directly by going to the Bybit Login page and clicking on Log in with Subaccount.

Step 2: You will be redirected to the Log In Subaccount page. Enter your Subaccount username and password to log in.

Securing Your Standard Subaccount with Google Authentication

Important Note: Google Authenticator two-factor authentication is currently only available for Standard Subaccounts.

Setting Up Google Authentication:

1. Log in or switch to your desired Standard Subaccount.
2. Follow the official Bybit instructions for enabling Google Authentication on your Subaccount.

Disabling Google Authentication:

1. Log in to your Bybit Main Account.
2. Click on “Settings” followed by “Account Security” for the specific Standard Subaccount you wish to modify.
3. Within the “Account Security” pop-up window, select “Unlink.”
4. Confirm your choice by clicking “Confirm” again.
5. In the appearing “Set Up Google Two-Factor Authentication” window, enter the Google Authentication Code associated with your Main Account.
6. Click “Confirm” to finalize disabling Google Authentication on your Standard Subaccount.

Seamless Asset Movement: Transferring Between Bybit Accounts

Bybit empowers you to easily transfer assets between your Main Account and Subaccounts. Here’s how to navigate this process:

Step 1: Accessing the Transfer Feature:

Head over to either the “Assets” or “Accounts” page for the desired account (Main Account or Subaccount).

Step 2: Initiating the Transfer:

1. Locate and click the “Transfer” button within the chosen account’s interface. This will typically display a pop-up window dedicated to transferring assets.
2. Within the pop-up window, select the “Across Subaccount(s)” tab. This option facilitates transfers between your Main Account and any linked Subaccounts.
3. To specify the transfer direction (from Main Account to Subaccount or vice versa), simply click on the “Switch” icon. This allows you to choose which account will be sending and which will be receiving the assets. The previous response effectively incorporates the alternative method for transferring assets. It clarifies that users can initiate transfers directly from the “Subaccount” tab within their Main Account for a quicker process.

Step 3: Monitoring Transfer History

Within the “Subaccount” tab of your Main Account, click on “Transfer History.” This dedicated page offers a comprehensive record of all your transfers, including:

• Transfers from your Main Account to a Subaccount
• Transfers from a Subaccount to your Main Account
• Transfers between any two linked Subaccounts

This detailed history empowers you to stay informed and monitor your overall asset allocation across your Bybit accounts.

Creating an API Key for Your Standard Subaccount

Standard Subaccounts offer the advantage of API trading, allowing you to connect Bybit with external automated trading applications. To leverage this functionality with third-party tools, you’ll first need to create an API key within the Bybit platform itself. This key acts as a secure access credential for these external applications.

Step 1: To create an API key specifically for your Standard Subaccount, follow these steps:

1. Navigate to the “Subaccount” tab within your Bybit account.
2. Locate the desired Standard Subaccount for which you want to generate the API key.
3. Scroll to the right side of the interface for that specific Subaccount. You should see an “API Management” section. Click on this section to proceed

Step 2: During the API key creation process, a pop-up window will appear to emphasize the importance of using your API key securely. Carefully review this information before proceeding. Once you’ve familiarized yourself with the security best practices, click “Understood” to continue.

Step 3: Click on the Create New Key button and follow the steps to create an API key

Bybit offers you the flexibility to manage your Subaccounts according to your needs. Here’s how to freeze or delete a Subaccount:

Accessing Subaccount Management:

1. Within your Bybit Main Account, navigate to the “Settings” section for the specific Subaccount you wish to modify.

Freezing vs. Deleting:

2. Choose the appropriate action:

   • Freeze Subaccount: This option temporarily suspends the Subaccount. You can reactivate it at any time if needed.
   • Delete Subaccount: This action permanently removes the Subaccount. Important Note: Once deleted, a Subaccount cannot be recovered.

Confirmation:

Bybit will clearly highlight the distinction between freezing and deleting a Subaccount. Carefully consider your choice before confirming your selection.

Bybit Subaccounts: A Powerhouse for Strategic Trading and Beyond

Bybit Subaccounts unlock a treasure trove of advantages for traders of all levels. Here’s a breakdown of the key benefits and ideal users:

Strategic Powerhouse for Professionals:

• Testing Grounds: Seasoned traders can leverage Subaccounts as individual testing grounds for diverse trading strategies. Bybit’s extensive suite of trading tools empowers them to refine their approaches within these isolated environments.
• Enhanced Organization: Subaccounts provide a meticulous way to compartmentalize assets and investments. This translates to superior control and organization of your funds and trading activities across various accounts.
• Competition Conquest: Bybit’s unique offering allows you to connect up to four Subaccounts to competitions simultaneously. This expands your participation exponentially, maximizing your potential rewards and honing your skills across a broader spectrum of challenges.

Institutional Efficiency:

Institutional investors seeking a streamlined solution for managing client funds will find the Custodial Trading Subaccount to be a game-changer. Its structured and organized approach facilitates efficient management, ensuring clarity and control over client assets and investments.

A Note for Beginners:

While Bybit Subaccounts offer a multitude of benefits, it’s important to acknowledge that navigating between multiple accounts can be initially complex for beginner investors. Consider starting with a single account to get comfortable with the Bybit platform before diving into the world of Subaccounts.

Bybit Subaccounts: A Final Verdict

The concept of Bybit Subaccounts may not be universally applicable, but for a significant portion of traders and institutions, they offer undeniable value. By following the detailed steps outlined in this guide, you can seamlessly integrate Subaccounts into your trading routine and unlock their profit-generating potential.