What is Bybit Wealth Management?

Bybit Wealth Management is a service that enables users to stake their crypto assets on the Bybit platform and earn interest. It provides professional investment tools and a variety of portfolios to help meet investment goals. 

 

All funds are securely kept within the Bybit platform and managed by trusted third parties, with no on-chain transactions occurring.

 

What is the difference between Bybit Wealth Management and Bybit Savings? 

Bybit Wealth Management involves entrusting the management of a user's staked assets to trusted third parties. These assets are traded in Spot and USDT Perpetual Contracts using a risk-neutral strategy on the Bybit platform. Do note that while Bybit doesn't dictate the trading strategy of the third party, it ensures that all trading activities comply with its stringent risk control conditions.

 

Bybit Savings, on the other hand, is a service where Bybit pays the yield from its own platform income.

 

Who is responsible for managing my assets with Bybit Wealth Management? 

Assets allocated to the Fund Pool product are distributed and managed by trusted third parties that have undergone a rigorous selection process. All strategies executed by these third parties undergo robust and comprehensive risk management monitoring. This product exclusively employs risk-neutral strategies.

 

Are there any fees associated with Bybit Wealth Management?

Bybit Wealth Management does not impose any fees. 

 

How can I be confident that my assets in the fund pool are secure? 

At Bybit, we entrust asset management to carefully selected third-party entities. All asset transactions are confined within the Bybit platform to ensure maximum security. Additionally, we employ stringent risk control mechanisms to further safeguard your assets.

 

Who is best suited to use Bybit's Wealth Management services? 

Bybit Wealth Management is particularly beneficial for users with an interest in crypto assets and who are looking for a platform to effectively manage their crypto holdings. Whether you're a novice or an experienced investor, Bybit Wealth Management can provide the tools you need to navigate your crypto asset investments.

 

What are the potential risks associated with Bybit Wealth Management? 

Potential risks include the locking of assets for some products once a user subscribes. This means that you cannot cancel or redeem these assets before the specified settlement date. During the staking period, the value of your portfolio may fluctuate due to market volatility.

 

While no investment is completely risk-free, Bybit Wealth Management is designed to be a low-risk product. However, in extremely rare circumstances, losses can still occur.

 

Despite potential risks, please note that Bybit ensures user asset protection through rigorous vendor screening and transaction risk controls. 

 

For more information, please refer to Agreement For Fund Pool Service. 

 

Is Identity Verification required for Bybit Wealth Management? 

Yes. Users must complete individual Identity Verification Lv. 1 to purchase Bybit Wealth Management products. To complete your Identity verification, please click here.

 

Do note that accounts with Business Identity Verification are also supported.

 

What coins are supported in the Fund Pool? 

Currently, only USDT is supported.

 

Are there any staking amount limits? 

Yes. You can view the amount limit from the order zone.

 

 

How is the APR generated? 

The Annual Percentage Rate (APR) is generated by third parties implementing advanced trading strategies in the Bybit Spot and Derivatives market. This allows for the potential accumulation of returns over time.

 

How can I calculate my daily yield?

Your total yield can be calculated using this formula:

Total Yield = Number of Coins Staked × (APR for the Staked Coin/365) × Staking Period

 

Example

Let's say you decide to stake 10,000 USDT for a period of 30 days, starting from Aug 2, 2023, 8AM UTC, here's how it works:

1. Your daily yield calculation begins automatically at 2AM UTC on Aug 3, 2023,
2. End of Staking Period By Sep 2, 2023, 2AM UTC, your staking period ends. The total yield for the 30-day period is calculated as (10,000 × 4% / 365 × 30), which equals 32.8767 USDT.
3. Auto Redemption at 2:05AM UTC, just minutes after the staking period ends, your total yield along with the principal amount (10,000 USDT + 32.8767 USDT = 10,032.8767 USDT) will be auto-deposited into your Funding Account.

 

If you have activated the Auto Reinvest feature, the system will automatically use this total amount to purchase a new Fund Pool product, and the cycle continues.

 

Can I compound my yield?

Yes. To compound your yield automatically, please enable the Auto Reinvest function. Once activated, principal and interest will be automatically reinvested upon maturity.

 

 

The Auto Reinvest function might fail due to the following scenarios:

1. If the Fund Pool product becomes unavailable for any reason, Auto Reinvest will not proceed.
2. The user's stake amount has reached the maximum personal stake limit.
3. The amount designated for Auto Reinvest has reached the total staking limit allowed by the Fund Pool product.

 

 

 

When will my yield be calculated and deposited into my account? 

Your yield will start being calculated on the day after you’ve staked the coins (T+1) and will be deposited in total to your Funding Account at the yield distribution date. It may take up to 5 minutes for the yield to be credited to your Funding Account.

 

Can I redeem my asset earlier than the settlement date? 

The availability of early redemption depends on the specific product offerings. Users are encouraged to check the details of each product for information on terms related to early redemptions.

 

Notes:

— Early redemptions are currently only available for the full subscription amount.

— Early redemption will result in a lower APR.

 

When will I get my asset if I make early redemption?

The early redemption for Wealth Management is not immediate but instead, you will receive your redemption amount (principal + earnings) on T+2 days at 2AM UTC. 

 

For example, the initial redemption date for your order is on Oct 10, 2023 2AM UTC. You made an early redemption request on Oct 1, 2023 08:30 AM UTC. The updated redemption date for your principal plus earnings will be on Oct 3, 2023 2AM UTC and it will be credited to your Funding Account automatically at 2:05AM UTC.

 

 

 

Can I purchase Bybit Wealth Management products using Subaccounts? 

Yes, you can purchase Wealth Management products using subaccounts.

 

How can I register as a third-party service provider? 

To apply, please reach out to our team by emailing us at earn@bybit.com.