If you’ve been wanting to have more than one Bybit account to test different trading strategies, you might be disappointed to learn that Bybit only offers one account per KYC user.
Today, I will share with you a little-known feature called “Bybit Sub-Account Feature”, which is one of the useful features for individual traders, professional asset managers, and investors.
This detailed guide outlines everything you need to know before creating your own sub-account on Bybit.
What is a Bybit sub-account?
Bybit, a popular cryptocurrency exchange (top 3 globally), offers the ability to have multiple sub-accounts under your main KYC Bybit account.
Think of your existing account as your “Primary Account” and use the maximum 20 standard subaccounts. This allows you as a trader to test out different strategies, and you can use this sub-account feature to give your trader friends access to run your strategies.
Bybit offers three types of subaccounts:
- Standard Subaccount – This account only creates a username, and the app allows you to switch between your main and sub accounts. (Supports both web and mobile)
- Custom Subaccounts – This sub-account type allows you to create a username and password and log in through the Bybit sub-account login page.
- Archive Transaction Subaccount – This account type is for investors who want to use the services of a professional trading team for asset management. I won’t go into depth about managed trading sub-accounts in this article, but if you need more information, let me know and I’ll write a detailed guide and tutorial another day. For now, take a look at the chart below to understand the custody trading subaccounts.
As the primary account holder, you can move assets between your primary account, between sub-accounts, and from sub-accounts to your main account. However, sub-account users can only transfer funds from their sub-account to their primary account.
What are the advantages of Bybit sub-accounts?
Aside from using subaccounts to test different investment and trading strategies, there are many other benefits to using subaccounts.
Subaccounts do not have the option to withdraw funds directly. Transfers can only be made to your main account, increasing security when working in teams or when extra security is required.
Subaccounts use the same fee structure as the main account, Bybit VIP users On your basic account, you will save a significant amount of money in fees. However, if you create a new account rather than a sub account, it will be processed as a new account.
Features of Bybit sub-accounts
We have already explained some of the main features of Bybit sub-accounts above, and we will briefly summarize them here.
- Up to 20 subaccounts – In a standard sub account, you can create up to 20 sub accounts. Custom subaccount limits vary.
- Switch account – You can switch between main and sub accounts with one click on both desktop and mobile apps.
- transfer of assets – Asset transfer between main account and sub-account is possible for free. There are no restrictions, and you can freely move funds between your main account and sub-accounts.
- Create API – As the primary account holder, only you can generate API keys that can be used in third-party trading tools or trading journals.
Now that you’re ready to create your first sub-account with your Bybit account, let’s get started.
How to create a Bybit sub account (step by step)
We’ll quickly show you how to access the Bybit sub-account creation page on desktop and mobile apps.
On desktop:
mobile:
To make your life easier:
- Select ‘Standard Subaccount’ if you want this subaccount to be exclusive to you. (No password, only account switching)
- Use ‘custom subaccounts’ when giving access to others. (Account switching and password)
- When using a professional asset management company, try using the ‘custodial transaction sub-account’.
In this example, we created a “Custom Subaccount” and the next screen looks like this:
You will need to choose between “Integrated Trading Account or Standard Account”. If you do not know the Bybit integrated trading account, please select “Standard Account” for security.
create a username Example: MyTradingCar
Scroll down to select your password and confirm creating your account.
How do I add funds to my Bybit subaccount?
You can move funds from your primary account to a subaccount or vice versa by going to the Subaccounts page on desktop or mobile and clicking Transfer.
This part is very easy, and once you have created the sub air conditioner you will be able to figure it out intuitively.
How do I create a Bybit sub-account API?
Pay particular attention to this. Otherwise, you might make a mistake.
To create a sub-account API, you must go to the sub-account page and select “Manage API” under the account name for which you want to create/delete/manage an API. (see screenshot below)
How do I access my Bybit sub-account from the mobile app?
- Click the profile icon in the top left corner and a menu will appear.
- Click the dropdown to switch between multiple sub-accounts in the Bybit mobile app. (see screenshot)
Conclusion – Bybit Subaccount Review
Bybit sub-accounts are one of the interesting features that Bybit users least explore. This feature not only helps individual traders do more with their Bybit account, but you can actually have individual traders working under you or your friends, and the group can all manage one account, with the main account holder You have maximum control.
This is also a way for professional cryptocurrency traders to provide asset management facilities to other individual or corporate investors.
Overall, we encourage you to take a look at this feature and see how you can use it creatively to improve your cryptocurrency trading journey. If you have any thoughts on how to creatively use the Bybit sub-account feature, please let us know in the comments below.
Bybit sub-account FAQs
How do I proceed with KYC for my Bybit sub-account?
Sub-accounts use the main account KYC, so Bybit sub-accounts do not need to do individual KYC.
No, there are no fees for Bybit sub-accounts. This is a free feature that anyone can use.
About Harsh Agrawal:
Award-winning blogger with over 14 years of experience. He has a background in finance and technology and holds professional certification in information technology.
He is an international speaker and author who believes in the blockchain and cryptocurrency world.
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expertise:
Harsh has over 12 years of experience in fintech and 7 years of experience in blockchain and Bitcoin. He has also moderated blockchain expert panels and attended international blockchain events such as BTCMiami and Token2049.