Ready to start copy trading on Bybit? This step-by-step tutorial will walk you through the entire account setup process, from registration to starting your first copy trade.

Bybit is one of the most popular cryptocurrency derivatives exchanges, known for its robust copy trading features, transparent trader leaderboards, and strong security measures. Setting up your account takes about 15-20 minutes if you have all your documents ready.

Why Bybit for Copy Trading?

Before we dive into the setup process, here's why Bybit is a top choice for copy traders:

  • Verified Performance: All trader statistics are transparent and verifiable in real-time
  • Low Fees: Competitive trading fees and profit-sharing structures
  • Security: Industry-leading security with cold storage and insurance funds
  • User-Friendly: Clean interface designed for both beginners and advanced traders
  • 24/7 Support: Multilingual customer support available around the clock

Not sure if Bybit is right for you? Check out our comprehensive guide on how to choose the best crypto copy trading platform to compare features, fees, and security across different exchanges.

What You'll Need

Before you start, make sure you have the following ready:

  • Valid Email Address: You'll need this for registration and security notifications
  • Mobile Phone: Required for 2FA (Two-Factor Authentication)
  • Government-Issued ID: Passport, driver's license, or national ID card for KYC (Know Your Customer) verification
  • Proof of Address (Optional): Utility bill or bank statement from the last 3 months (required for higher withdrawal limits)
  • Initial Deposit: Minimum recommended $100-$500 to start copy trading effectively

Age Requirement

You must be at least 18 years old (or the legal age in your jurisdiction) to create a Bybit account. Bybit may not be available in certain countries due to regulatory restrictions.

Step 1: Create Your Bybit Account

1 Visit Bybit and Sign Up

  1. Go to www.bybit.com
  2. Click the "Sign Up" button in the top right corner
  3. Choose between Email or Mobile Number registration
  4. Enter your email address or phone number
  5. Create a strong password (minimum 8 characters, including uppercase, lowercase, and numbers)
  6. Check the box to agree to Bybit's Terms of Service
  7. Click "Sign Up"

Screenshot Placeholder: Bybit Sign Up Page

2 Verify Your Email/Phone

Bybit will send you a 6-digit verification code to your email or phone. Enter this code on the verification screen within 5 minutes. If you don't receive it, check your spam folder or request a new code.

Pro Tip: Use a Referral Link

If you have a referral link from a trader or friend, use it during signup to potentially receive trading fee discounts or signup bonuses. This doesn't affect your copy trading experience.

Step 2: Enable Two-Factor Authentication (2FA)

Two-factor authentication adds an essential layer of security to your account. This step is mandatory before you can deposit or trade.

3 Set Up Google Authenticator or SMS 2FA

  1. After logging in, go to Account & Security in your profile menu
  2. Click "Two-Factor Authentication"
  3. Choose between Google Authenticator (recommended) or SMS Authentication

For Google Authenticator:

  • Download the Google Authenticator app on your phone (iOS/Android)
  • Scan the QR code displayed on Bybit with the app
  • Save the backup key in a secure location (you'll need this if you lose your phone)
  • Enter the 6-digit code from the app to confirm setup

For SMS Authentication:

  • Enter your mobile phone number
  • Verify it with the SMS code sent to your phone

Screenshot Placeholder: 2FA Setup Screen

Save Your Backup Key!

Write down your Google Authenticator backup key and store it in a safe place. If you lose your phone without this backup, you'll lose access to your account and will need to go through a lengthy recovery process.

Step 3: Complete KYC Verification

KYC (Know Your Customer) verification is required to unlock full trading features, higher withdrawal limits, and access to copy trading. Bybit offers two levels of verification:

  • Level 1 (Basic): ID verification (required for copy trading)
  • Level 2 (Advanced): Proof of address (optional, increases withdrawal limits)

4 Submit Your Identity Verification

  1. Go to Account & Security → "Identity Verification"
  2. Select your country/region and document type (Passport, ID Card, or Driver's License)
  3. Fill in your personal information:
    • Full legal name (as it appears on your ID)
    • Date of birth
    • Nationality
    • Residential address
  4. Upload clear photos of your ID:
    • Front side of ID
    • Back side of ID (if applicable)
    • A selfie holding your ID next to your face
  5. Click "Submit"

Screenshot Placeholder: KYC Upload Screen

Verification Time

KYC approval typically takes 10-30 minutes during business hours, but can take up to 24 hours during peak times. You'll receive an email notification once your verification is approved.

Step 4: Deposit Funds

Now that your account is verified, you're ready to deposit funds. Bybit supports deposits via cryptocurrency only (no fiat deposits in most regions).

5 Make Your First Deposit

  1. Click "Assets" in the top menu
  2. Select "Deposit"
  3. Choose the cryptocurrency you want to deposit (USDT is recommended for beginners as it's a stablecoin)
  4. Select the network:
    • TRC20 (Tron) – Lowest fees, fast
    • ERC20 (Ethereum) – Widely supported, higher fees
    • BEP20 (BSC) – Low fees, fast
  5. Copy your deposit address or scan the QR code
  6. Send crypto from your external wallet or exchange to this address
  7. Wait for the transaction to confirm (usually 5-15 minutes)

Screenshot Placeholder: Deposit Screen with Address

Critical: Network Must Match!

Always ensure the network you select on Bybit matches the network you're sending from. Sending USDT on the wrong network (e.g., ERC20 to a TRC20 address) will result in permanent loss of funds.

Don't Have Crypto Yet?

If you don't have cryptocurrency, you can buy USDT using Bybit's third-party fiat payment partners by clicking "Buy Crypto" from the Assets menu. You can pay with credit card, bank transfer, or other local payment methods.

Step 5: Start Your First Copy Trade

With funds in your account, you're ready to start copy trading! Here's how to find and copy a trader:

6 Browse and Choose a Trader

  1. Click "Copy Trading" from the main menu
  2. Browse the trader leaderboard or use filters to find traders:
    • Sort by ROI (Return on Investment)
    • Filter by trading pairs (BTC, ETH, etc.)
    • Check win rate, total P&L, and number of followers
  3. Click on a trader to view their detailed profile:
    • Performance chart
    • Trading history
    • Risk metrics (max drawdown, Sharpe ratio)
    • Followers and copiers
  4. Click "Copy" when you've found a trader you trust

Screenshot Placeholder: Copy Trading Leaderboard

7 Configure Your Copy Settings

Before confirming, you'll need to set your copy parameters:

  • Copy Amount: How much capital to allocate (start with $100-$500)
  • Copy Mode:
    • Fixed Amount: Each trade uses a set dollar amount
    • Multiplier: Scale the trader's positions by a multiplier (e.g., 0.5x = half their position size)
  • Stop Loss: Automatically stop copying if your total loss reaches a certain percentage
  • Take Profit (Optional): Automatically stop copying when you reach a target profit

Click "Confirm" to start copying.

Screenshot Placeholder: Copy Settings Configuration

Want to Copy Ultheron's Strategy?

See the risk limits this strategy runs under, and where its record will be published.

View Ultheron's Performance

Pro Tips for Successful Copy Trading

Now that your account is set up, here are some best practices to maximize your success:

1. Start Small

Don't allocate your entire account to one trader on day one. Start with 20-30% of your capital and add more once you've observed their performance for a few weeks.

2. Diversify Across Multiple Traders

Reduce risk by copying 2-3 traders with different strategies (e.g., one conservative, one aggressive). This way, if one trader has a bad month, it won't wipe out your entire account.

3. Set Realistic Stop-Losses

A stop-loss of 15-25% is reasonable for most copy trades. This prevents catastrophic losses if a trader has a bad run.

4. Monitor Weekly, Not Daily

Don't check your copy trading account every hour. Give the strategy time to play out. Check in once or twice a week to review performance and make adjustments if needed.

5. Read the Trader's Profile Carefully

Look for traders with:

  • At least 3-6 months of track record
  • Consistent returns (not just one lucky month)
  • Reasonable drawdowns (max 20-30%)
  • Active communication and updates

Learn More About Risk Management

Want to understand risk better before you start? Check out our comprehensive guide on risk management in copy trading.

Common Issues and Troubleshooting

KYC Verification Failed

Problem: Your identity verification was rejected.

Solution: Make sure your ID photos are clear, not blurry, and all corners are visible. The information you entered must match your ID exactly. If it's still rejected, contact Bybit support with your verification ticket number.

Deposit Not Showing Up

Problem: You sent crypto but it's not in your account.

Solution: Check the transaction on a blockchain explorer (e.g., Etherscan for ERC20, Tronscan for TRC20). If the transaction shows as confirmed, contact Bybit support. If it's still pending, wait for more network confirmations.

Can't Start Copy Trading

Problem: The "Copy" button is grayed out.

Solution: Make sure you've completed Level 1 KYC verification and have sufficient funds in your Derivatives Account (not Spot Account). You may need to transfer funds from Spot to Derivatives within your Bybit account.

2FA Code Not Working

Problem: Google Authenticator code is being rejected.

Solution: Make sure your phone's time is set to automatic. Time sync issues are the most common cause of 2FA failures. Go to your phone's settings and enable "Automatic Date & Time."

Need Help With Setup?

If you're experiencing issues not covered here or need personalized assistance with your Bybit account setup, we're here to help. Email us at contact@ultheron.com with your question, and we'll guide you through the process.

Next Steps: What to Do After Setup

Congratulations! Your Bybit account is now fully set up and ready for copy trading. Here's what you should do next:

  1. Research Traders: Spend time evaluating different traders. Read our guide on how to choose a copy trader on Bybit.
  2. Understand Risk: Learn about drawdowns, leverage, and position sizing by reading our risk management guide.
  3. Join Communities: Follow traders on social media or Telegram for updates and insights into their strategies.
  4. Start Small: Allocate a small amount first, observe for 2-4 weeks, then scale up if you're satisfied.
  5. Stay Informed: Keep up with crypto market news and understand that copy trading is not risk-free.

Ready to Start Copy Trading?

View Ultheron's real-time performance and strategy on Bybit.

View Ultheron's Performance

Or browse all copy traders on Bybit →

Related Guides

What is Copy Trading?

New to copy trading? Start with the basics and understand how it works.

Read Guide →

How to Choose a Copy Trader

Learn what metrics matter when evaluating traders on Bybit's leaderboard.

Read Guide →

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