What is Copy Trading Loss Coverage?

Copy Trading Loss Coverage is a coverage eligibility offer from Bybit's Copy Trading event, designed for both new and existing followers. It provides up to 100 USDT in Copy Trading Bonus as compensation for losses incurred on eligible Copy Trading orders. The Loss Coverage can be found directly on the Copy Trading Page.

 

After claiming the Loss Coverage, it serves as the registration for coverage eligibility, as it does not represent the actual reward. Users must meet specific terms, criteria, and investment requirements to activate the coverage, which may differ based on whether they are a New or Existing Follower. If eligible, the compensation will be issued as a Copy Trading Bonus and credited to the Rewards Hub within 3 days after the losses are incurred.

Who is eligible to claim the Copy Trading Loss Coverage? 

This coverage is available to both new and existing followers, provided they meet the following requirements:

New Followers: Selected users who have never used Bybit Copy Trading before.
Existing Followers: Selected users who have previously used Bybit Copy Trading.

Where can I claim the Copy Trading Loss Coverage?

Step 1: Head to the Copy Trading Page

 

Step 2: If you are eligible (New/Existing Follower), the Loss Coverage option will appear in the top right corner for you to claim

 

New Follower : 

 

 

Existing Follower : 

 

 

Step 3: After claiming, simply start following your First Master Trader (for New Followers) or New/Existing Master Trader (for Existing Followers) by meeting the specified investment amount requirement.

 

Step 4: For Existing Followers, please ensure you enable the Loss Coverage toggle to activate the coverage in the investment window.

 

 

Note: After claiming the Loss Coverage, it will not be visible in your Rewards Hub since it's not an actual reward.

 

Step 5: If you are eligible for losses,  compensation of up to 100 USDT will be given as a Copy Trading Bonus and distributed to your Rewards Hub within 3 days after the losses occur.

What are the Investment requirements?

i) New Followers: Invest at least 100 USDT** into your first Master Trader after claiming the Loss Coverage.

ii) Existing Followers: After claiming the Loss Coverage, invest at least 800 USDT** in a single investment with either an existing or new Master Trader.

iii) If you reduce your investment amount at any time during the coverage period, your Loss Coverage will be forfeited immediately.

 

** Investment thresholds may change. For the latest requirements, please refer to the Loss Coverage details on the Copy Trading Page. 

What is the Loss Coverage period?

New Followers

Coverage applies to the first Master Trader who initiated the first order after claiming the Loss Coverage. The first order must be closed within the coverage validity period.  Only the first order opened by the Master Trader is covered.

 

Example: 

Master Trader A opens a 0.5 ETH long position. An order might be executed in multiple parts based on the order book’s liquidity and the first-in, first-out (FIFO) matching mechanism. If you open a 0.5 ETH long position, it might be filled as:

• Order A: 0.2 ETH
• Order B: 0.1 ETH
• Order C: 0.2 ETH

 

In such cases, only the loss from Order A (0.2 ETH) will be covered and be compensated. The Loss Coverage will not cover the losses from Order B & C.

 

Existing Followers

Coverage applies to the first eligible order initiated by the eligible Master Trader after claiming the Loss Coverage until you unfollow the Master Trader. If your Master Trader has already closed all positions, but you have not unfollowed the Master Trader during the coverage validity period, you will not be eligible for compensation. If the final P&L during your following period ends in a loss, you are eligible for compensation up to 100 USDT.

 

Example:

Master Trader A opens two positions:

• 0.5 ETH long position

• 0.5 BTC short position

 

The 0.5 ETH position closes with a 100 USDT loss, and the 0.5 BTC position closes with a 30 USDT profit. When the user unfollows the Master Trader, the final cumulative P&L results in a 70 USDT loss. Since the final P&L is negative, the user will be eligible for 70 USDT Copy Trading Bonus as compensation based on the final loss amount.

How is the compensation paid?

The compensation is provided in the form of a Copy Trading Bonus and will be credited to your Rewards Hub within 3 days after the loss is recorded. Once available, you must manually claim the bonus in the Rewards Hub. 

 

The Copy Trading Bonus has a specific validity period, therefore, make sure to check the expiration date after claiming it. The compensation is capped at a maximum of 100 USDT, and it is based on the amount of loss incurred.

 

Example: 

If your loss is 10 USDT, you will receive 10 USDT in Copy Trading Bonus. If your total loss exceeds 100 USDT, only 100 USDT will be compensated, and the remaining amount will not be covered.

What is Copy Trading Bonus?

Copy Trading Bonus can be used as trading margin, to cover losses, trading fees, and funding fees. The bonus cannot be withdrawn, converted, or transferred directly. However, profits earned from transactions using the Copy Trading Bonus can be withdrawn. The bonus applies to copy USDT Perpetual and Trading Bots trades in Copy Trading. For more details, refer to the guide on How to Use Copy Trading Bonus.

Can I unfollow a Master Trader after applying the Copy Trading Bonus?

Yes, you can unfollow a Master Trader at any time, but once you apply the Copy Trading Bonus to a Master Trader, any unused portion will be forfeited immediately upon unfollowing, even if no trades have been opened.

 

Example: 

If you follow Master Trader A using a 50 USDT Copy Trading Bonus but unfollow them within 5 minutes (before any positions are opened), the 50 USDT Bonus will be voided and cannot be transferred or reused with another Master Trader.

What happens if I copy multiple Master Traders at the same time?

New Followers: Coverage applies to the first copy trade order opened by Master Trader, regardless of the sequence in which Master Traders are followed.

 

Example: If the first order opened by Master Trader B, even if Master Trader A was copied first, losses up to 100 USDT from Master Trader B’s  first order will be compensated.

 

Existing Followers: Coverage can be applied to multiple Master Traders. However, it will only be bonded to the first Master Trader who initiates a trade after claiming and activating the coverage. The Eligible Master Traders will be labeled 'Loss Coverage' and displayed on your dashboard.

 

Why did my new Follower's Loss Coverage Dissappear?

The reasons your follower’s Loss Coverage dissapeared are due to the following:

 

• If your Master Trader has opened and closed the first order (whether it resulted in a profit or a loss), the New Follower Loss Coverage will no longer be visible on the Copy Trading Page.

• If your first order resulted in a loss, the Copy Trading Bonus will be distributed to the Rewards Hub within 3 days after the loss occurred.

 

After this, you may notice the Existing Follower Loss Coverage displayed instead, with a different investment requirement, as you are now considered an Existing Follower.  You may consider claiming the Loss Coverage that is valid for existing followers, and continue your Copy Trading journey!

 

Can I reduce my Investment after claiming Loss Coverage?

No, if you reduce your investment with the eligible Master Trader during the coverage period, your Loss Coverage will be forfeited immediately.

Can I use Loss Coverage more than once?

New Followers: Loss Coverage is a one-time benefit and only applies to the first order opened by your first Master Trader in Copy Trading.

 

Existing Followers: Loss Coverage can be claimed once every quarter on the Copy Trading Page. Within the same quarter, you're eligible for compensation up to 100 USDT for losses from a single eligible Master Trader. This benefit can only be used once per quarter.

 

Reminder: Loss Coverage expires at the end of each quarter and does not carry over. When a new quarter starts, new Loss Coverage will become available for claiming on the Copy Trading page, and you’ll need to meet the eligibility requirements again to activate the new Loss Coverage.

 

Example:

On March 31st, you claimed Loss Coverage and began following a Master Trader on the same day. Later, on April 5th, you unfollowed the Master Trader with a loss. Please note that the losses will not be covered because the Loss Coverage expired on March 31st.

Am I eligible for compensation if the Master Trader opens a trade before I claim Loss Coverage?

No, you’re not eligible for the compensation because the Loss Coverage only applies to trades opened after you have successfully claimed it and fulfilled the requirements. Any orders initiated before that will not be eligible for compensation.