Bybit Account Types Explained

Bybit offers three main account types: Bybit, Bybit Verified, and Bybit Institutional.

The Bybit account is the most basic type, requiring only an email address and password to create.

This account is suitable for casual traders who want to try out Bybit's services without much fuss.

Bybit Verified accounts require additional verification steps, including a government-issued ID and proof of address.

These accounts are ideal for traders who need a higher level of security and support.

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There are several account modes available on Bybit, each with its own unique features. You can determine your account mode through the API by calling Get Account Info and looking at the unifiedMarginStatus field.

Bybit offers four types of account modes: classic account, uta1.0, uta2.0, and uta2.0 (pro version). The uta or uta (pro) versions have a slight performance advantage when trading via API.

Here's a breakdown of the different account modes:

To determine your account mode through the API, you'll need to use the Get Account Info function.

The unifiedMarginStatus field will give you the account mode, which is represented by a number.

The possible account modes are: classic account, uta1.0, uta1.0 (pro version), uta2.0, and uta2.0 (pro version).

Here's a breakdown of the account modes and their corresponding numbers:

Note that uta or uta (pro) are the same thing, but the pro version has a slight performance advantage when trading via API.

Switching to Isolated Margin mode can be a bit complex, but don't worry, I've got you covered.

To switch to Isolated Margin mode, you'll need to ensure that no Options orders or positions exist, as this is not supported in IM mode.

If you're currently using Cross/Portfolio Margin, you'll need to meet certain conditions before making the switch. Specifically, you'll need to have no Spot Margin Trading Orders and sufficient assets to cover increased margin.

In Isolated Margin mode, Spot Margin trading is disabled by default. You'll also need to ensure that your assets are sufficient to allocate to each position without triggering liquidation after switching to IM mode.

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Here are some key things to keep in mind when switching to Isolated Margin mode:

The Bybit Unified Trading Account offers robust risk management features to help you navigate the world of cryptocurrency trading.

Under Cross and Portfolio Margin modes, the UTA calculates all risks and assets in USD.

You'll need to keep an eye on your account's maintenance margin rate, which can be maintained below 100%.

Liquidation is triggered when the maintenance margin rate reaches or exceeds 100%.

In Isolated Margin mode, the UTA segregates the margin used for an individual position from the account balance.

This means you'll need to be aware of the Mark Price, which can reach or exceed the Liquidation Price.

For more details on margin and liquidation policies, check out the Trading Rules: Liquidation Process (Unified Trading Account).

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If you want to switch between different account types, there are some specific requirements and rules you need to follow.

To switch from Cross/Portfolio Margin to Isolated Margin, you'll need to meet certain conditions, including having no Options orders or positions, no Spot Margin Trading Orders, and sufficient assets to cover increased margin.

You'll also need to ensure that the Mark Price of your existing positions or order is not worse than the liquidation price of the position after switching to IM mode.

Additionally, you'll need to have sufficient assets to allocate to each position without triggering liquidation after switching to IM mode.

Here's a summary of the requirements for switching from Cross/Portfolio Margin to Isolated Margin:

After switching to Isolated Margin mode, Spot Margin trading is disabled by default, as is Auto Margin Replenishment and Collateral switch.

However, if you're holding Inverse contracts positions or orders, respective settlement assets will be enabled as collateral.

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If you have existing long and short positions or orders in different leverage settings, the system will align the new leverage setting to the lower leverage after switching to Cross Margin mode.

If your existing long and short positions or orders are in different risk limit tiers, the leverage will be adjusted based on the leverage corresponding to the higher risk limit tier after switching to Cross Margin mode.

To switch from Isolated/Cross Margin to Cross Margin, you'll need to ensure that the Initial Margin rate is ≤ 100% after switching.

Similarly, to switch from Isolated/Cross Margin to Portfolio Margin, you'll need to meet two conditions: the Initial Margin rate must be ≤ 100% after switching, and you can't have any orders or positions in Hedge mode.

After switching to Portfolio Margin mode, you can expect to benefit from its features, including risk management and more.

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To determine the account mode, you can use the API to call Get Account Info and look at the unifiedMarginStatus field. This field will tell you what type of account you have.

Classic accounts are denoted by a status of 1.

UTA 1.0 accounts are represented by a status of 3 or 4, with the pro version having a slight performance advantage when trading via API.

UTA 2.0 accounts have a status of 5 or 6, with the pro version offering the same performance advantage as UTA 1.0 pro.

Here's a summary of the different account statuses:

The Unified Trading Account Overview is a crucial part of Bybit's platform, providing a comprehensive view of your account's status. From this section, you can see your Total Equity, which includes Isolated Margin, Cross Margin, and Portfolio Margin.

Your Total P&L (Profit and Loss) is also displayed here, giving you a clear picture of your account's performance. You can also view your Wallet Balance, which is the total amount of funds available in your account.

The Unified Trading Account Overview also shows the Unrealized PnL of Perpetual and Futures, which indicates the potential profit or loss of your open positions. Additionally, you can see your Available Balance, which is the amount of funds available for trading.

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Here's a breakdown of the different margin modes available in the Unified Trading Account Overview:

You can also choose your margin mode from this section, which will affect how your positions are margined. The Spot Margin is also displayed, which is the amount of funds required to open a new position. The Maintenance Margin (MM) and Initial Margin (IM) are also shown, which are the minimum and maximum margin requirements respectively.