Bybit sub-account setup & funding

The following lesson will guide you through creating your Bybit account, creating a subaccount, setting up API keys and connecting them to FinRev.

If you already have a Bybit account, you can skip directly to the 'Creating a Subaccount' step.

Note: Please DO NOT upgrade your account to a 'Unified Trading Account' when prompted by Bybit, as FInRev is currently not compatible with these upgraded account types.

Creating a Bybit Account

1. Go to www.bybit.com and click on 'sign up'.

2. Enter your information and follow the prompts

3. Log into your Bybit account

Securing Your Bybit Account

1. After logging into your Bybit account, hover your mouse over the profile icon in the top right.
2. Click on 'Account & Security'

3. Click on 'Settings' next to 'Google 2 Factor Authentication'.

4. Enter the email code you've received in your email inbox and click on 'Confirm'

5. Follow the on-screen instructions to scan the QR code with the Google Authenticator app
6. Once complete, enter your 2FA code from your phone into the box on screen
7. Click on 'Confirm'

Creating a Subaccount

1. Hover your mouse over the profile icon in the top right of the screen and click on 'subaccount'

2. Click on 'Create Subaccount'

3. Select 'Standard Subaccount'

4. Enter a username for your subaccount
5. Select 'Unified Trading Account'.

6. Click on 'Confirm'
7. You should now see the screen shown below. From here, click on 'Switch' for the subaccount you've just created.

Securing Your Subaccount

1. After 'switching' into the new Bybit subaccount you've just created, hover your mouse over the profile icon in the top right.
2. Click on 'Account & Security'

3. Click on 'Settings' next to 'Google 2 Factor Authentication'.

4. Enter the email code you've received in your email inbox
5. Enter the 2FA code for your main Bybit account
6. Click on 'Next Step'

7. Follow the on-screen instructions to scan the QR code with the Google Authenticator app
8. Once complete, enter your 2FA code for your FinRev subaccount from your phone into the box on screen
9. Click on 'Confirm'

Funding Your Bybit Account

The key steps are as follows: 

1. Buy cryptocurrency (e.g. USDT) with FIAT currency (i.e. USD, AUD, CAD etc). If your futures exchange does not offer this facility, buy crypto with a Fiat exchange first, such as Coinbase, Binance, Coinspot, Kraken, etc...

   
   

   [Note: some exchanges offer Fiat facilities to some countries but not others. You will need to check what's available in your location]. 

   
   

2. Swap your cryptocurrency for USDT (applicable if you've purchased or already own anything other than USDT, e.g. BTC, ETH, USD, AUD, etc..) 

   
   

3. Send your USDT to Bybit (this only applies if you purchased on a different Fiat exchange)

   
   

   IMPORTANT: when sending cryptocurrency, you need to select a Network which is available on both exchanges. For USDT, the lowest fees will be on the TRC20 network. 

For a more detailed explanation, please watch the video guide below.

For more ways on purchasing cryptocurrency & transferring to your exchange, please see the guides below:

How to setup & fund your Coinbase account

How to setup & fund your exchange using Cashapp

Converting Your Funds To USDT on Bybit

If your funds are not in USDT, or you have forgotten to transfer hem in the previous step, you must convert them before transferring. If your funds are already in USDT, you can skip to 'Transferring Funds To Your Subaccount'.

1. Select the icon on the far right that says “convert”. Take note of where the fund have landed (Funding, Spot, etc..)

2. At the top of the window, ensure that you have selected the segment of your account that your funds have landed in (Funding, Sot, etc..)

3. Select the coin you have transferred (BTC, ETH, etc..)

   
   
4. Click on the little orange 'All' on the right, or select an amount to convert if you do not wish to convert the entire amount.

4. Select 'Confirm'

Transferring Funds Into Your Subaccount

As you can only deposit funds directly into your main Bybit account, you will need to transfer them from your main account to subaccount that you are connecting to FinRev.

1. Hover your mouse over the profile icon and click on 'Subaccount'

2. Click on 'Transfer Asset' next to the subaccount you are connecting to FinRev

3. Click on the arrow icon in the middle of the screen as pictured below

4. Ensure that you are transferring from the main account segment where your funds landed (Funding, Spot, etc..)

   
   

5. Ensure that you are transferring to your FinRev subaccount 'Unified Trading' segment

   
   

6. Select USDT

   
   

7. Enter your amount, or select 'All'

   
   
8. Click 'Confirm Transfer'

You will see the funds show up under 'Equity' under your subaccount.

Note: Please click here to view our guide on connecting Bybit to FinRev via API

If you are experiencing difficulties with the steps outlined above, you can contact us at: [email protected]