Bybit Learn & Earn Answers – UPDATED
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What is Bybit Quests?
Bybit Quests, a captivating series of challenges designed to navigate enthusiasts through the expansive realm of cryptocurrency, unfolds as a dynamic educational journey. Tailored to enhance understanding of Bybit products, these quests provide a hands-on approach to mastering the intricate landscape of crypto.
Participants are invited to partake in an array of quests, each unlocking fresh insights and knowledge about Bybit's offerings. The frequency of new quests ensures a steady learning curve, empowering users to progressively build their expertise in the crypto space. The allure of these quests lies not only in the wealth of knowledge they provide but also in the enticing rewards awaiting those who venture forth.
The pathway to crypto mastery begins with a simple yet crucial Step 1: Sign up as a Bybit user. For those not already part of the Bybit community, this initial step opens the door to a plethora of educational opportunities. Once onboard, participants seamlessly progress to Step 2: Read the Learn article corresponding to the quiz. By delving into Bybit's comprehensive guides, users equip themselves with the essential knowledge required to navigate the challenges that lie ahead.
Step 3 marks the culmination of the quest, where participants showcase their newfound knowledge by acing the quiz. This not only demonstrates their understanding of Bybit's products but also positions them to reap the rewards that await at the conclusion of each event.
However, it is essential for participants to approach the quest with caution, as dealing with cryptocurrencies involves inherent risks. Bybit encourages users to exercise diligence and prudence in their crypto endeavors. The quest serves as a valuable educational tool, emphasizing the importance of informed decision-making in the volatile world of digital assets.
Congratulations are in order for those who successfully navigate the Bybit Quests. This triumphant journey not only enhances one's crypto acumen but also opens doors to a realm of possibilities within the dynamic landscape of cryptocurrency.
Bybit Sign up Bonus
To use Bybit Learn And Earn, you will need a Bybit Account, if you don't have one yet, you can use our Bybit Referral Code 13150 and earn a sign-up bonus by following the link below!
Bybit Learn & Earn Answers: Crypto Cup
Give the following answers to the Bybit Crypto Cup Learn & Earn Quiz
Answer 1. Jun 12, 2024, 10AM UTC - Jul 14, 2024, 7PM UTC
Answer 2. 50,000 USDT
Answer 3. Complete simple deposit and trading tasks
Answer 4. By predicting football match outcomes correctly
Answer 5. 1
Answer 6. 11
Answer 7. 1
Answer 8. Immediately after completion of the corresponding trading tasks
Answer 9. Within one hour of the completed tasks
Answer 10. 150,000 USDT
Answer 11. Injuries and suspensions
Answer 12. $300
Answer 13. $250
Bybit Learn & Earn Answers: Structured Products
Give the following answers to the Bybit Structured Products Learn & Earn Quiz
Answer 1. Enhance risk-return metrics for investors
Answer 2. Typically offered by investment banks to wealth management clients
Answer 3. Q1 2021
Answer 4. Guaranteed initial capital regardless of market direction
Answer 5. May charge additional fees for some products
Answer 6. Both bull and bear markets
Answer 7. Double-Win
Answer 8. Ability to long or short selected crypto tokens with up to 200x leverage
Answer 9. Discount Buy
Answer 10. Auto Reinvest component
Answer 11. Allow you to potentially purchase BTC or ETH at a lower price
Answer 12. Purchase Price, Knockout Price, Knockout APR
Answer 13. When the Settlement Price exceeds the Purchase Price
Answer 14. You receive your principal plus the Knockout APR in USDT
Answer 15. Bearish or stable market sentiment
Answer 16. It allows you to potentially lock in a lower price for future purchases or earn a yield
Answer 17. Keeping the Knockout Price far from the current price
Answer 18. Long-term investment goals and risk tolerance
Answer 19. Bybit Liquidity Mining
Bybit Learn & Earn Answers: Reward Hub
Give the following answers to the Bybit Reward Hub Learn & Earn Quiz
Answer 1. To provide a platform for earning and claiming rewards
Answer 2. Direct Cash Transfer
Answer 3. Sign up with Bybit
Answer 4. To offset the actual amount of a transaction order
Answer 5. Derivatives Bonus
Answer 6. It is considered forfeited
Answer 7. To cover trading losses
Answer 8. As a trading fee deduction
Answer 9. It offsets transaction fees for credit card purchases
Answer 10. To enjoy a discount for trading fees
Answer 11. They have no expiration date
Answer 12. Identity Verification Lv. 1 or Business KYC
Answer 13. Three days after completing the task
Answer 14. You lose the bonus
Answer 15. Unified Trading Accounts and Unified Margin Accounts
Bybit Learn & Earn Answers: Ethereum ETFs
Give the following answers to the Bybit Ethereum ETFs Learn & Earn Quiz
Answer 1. To track the real-time price of Ether and allow investment through traditional stock markets
Answer 2. By purchasing Ether in exchange for ETF shares of equal value, which are then sold onto the market
Answer 3. Securities and Exchange Commission (SEC)
Answer 4. It allows investors to directly hold and manage their Ether holdings
Answer 5. It allows investors to directly hold and manage their Ether holdings
Answer 6. Approval was delayed indefinitely by regulatory authorities
Answer 7. Ethereum price has shown volatility, with both increases and decreases
Answer 8. To gain exposure to Ethereum without directly holding it
Answer 9. The regulatory body meticulously reviews the application for compliance
Answer 10. VanEck
Answer 11. Increased demand and prices for Ethereum and other altcoins
Answer 12. Fidelity
Answer 13. It may establish a regulatory framework for other cryptocurrencies
Answer 14. Ether Spot ETFs directly hold ETH, while Ether Futures ETFs do not
Answer 15. Gary Gensler’s remarks have led to uncertainty
Answer 16. Substantial increase in Ether’s position by institutions
Bybit Learn & Earn Answers: TON
Give the following answers to the Bybit TON Learn & Earn Quiz
Answer 1. All of the above
Answer 2. Zero fee global transfers to any Telegram contact through wallet in Telegram
Answer 3. 900M
Answer 4. All of the above
Answer 5. TON (The Open Network)
Bybit Learn & Earn Answers: Pepe
Give the following answers to the Bybit PEPE Learn & Earn Quiz
Answer 1. El Salvador
Answer 2. Its value is pegged to a stable asset, like gold, or the US dollar
Answer 3. Trading service for a specific token before its official listing on the Bybit platform
Answer 4. $4 million
Answer 5. To act as a zero-knowledge-proof-based Layer 2 scaling platform for Ethereum
Answer 6. Equally among all users of the platform
Answer 7. It employs a proof of work (PoW) prover network
Answer 8. Staking and governance
Answer 9. Via airdrops to early contributors and partnering Layer 2 solution users
Answer 10. To aggregate and standardize social data for web3 users
Answer 11. To govern and provide utility in the Port3 ecosystem
Answer 12. A Robot Matrix for data analysis and automation
Answer 13. An open-source platform for web3 community onboarding and engagement
Answer 14. 36% for ecosystem, 20% for team, 21% for private sale, 10% for treasury
Answer 15. None of the above
Answer 16. To offer entertainment to meme coin traders with no expectation of financial return
Answer 17. 69.42 trillion
Answer 18. To serve as a web3 app store with a customized user dashboard
Answer 19. It offers a community-based marketing system and has lower fees
Answer 20. To serve as a user identity system for secure app access
Answer 21. Square (SQR)
Answer 22. Generating and promoting its own token for governance and loyalty programs
Bybit Learn & Earn Answers: Quest Listings
Give the following answers to the Bybit Quest Listings Learn & Earn Quiz
Answer 1. Solana
Answer 2. SILLY surged to a market capitalization of $10 million
Answer 3. To harness its trendiness and popularity
Answer 4. $140 Million
Answer 5. To act as a zero-knowledge-proof-based Layer 2 scaling platform for Ethereum
Answer 6. Equally among all users of the platform
Answer 7. It employs a proof of work (PoW) prover network
Answer 8. Staking and governance
Answer 9. Via airdrops to early contributors and partnering Layer 2 solution users
Answer 10. To aggregate and standardize social data for web3 users
Answer 11. To govern and provide utility in the Port3 ecosystem
Answer 12. A Robot Matrix for data analysis and automation
Answer 13. An open-source platform for web3 community onboarding and engagement
Answer 14. 36% for ecosystem, 20% for team, 21% for private sale, 10% for treasury
Answer 15. None of the above
Answer 16. To offer entertainment to meme coin traders with no expectation of financial return
Answer 17. 69.42 trillion
Answer 18. To serve as a web3 app store with a customized user dashboard
Answer 19. It offers a community-based marketing system and has lower fees
Answer 20. To serve as a user identity system for secure app access
Answer 21. Square (SQR)
Answer 22. Generating and promoting its own token for governance and loyalty programs
Bybit Learn & Earn Answers: Bull Market
Give the following answers to the Bybit Bull Market Learn & Earn Quiz
Answer 1. Purchasing BTC or ETH at a lower price than market value on a future settlement date
Answer 2. Purchase Price, Knockout Price, and Knockout APR
Answer 3. When the Settlement Price falls between the Knockout Price and the Purchase Price
Answer 4. It allows locking in a lower price for future purchases or earning a yield
Answer 5. Only the current market price of the coin
Answer 6. Their principal plus the APR in USDT
Answer 7. The risk/reward ratio based on Purchase Price, Knockout Price, and Knockout APR
Answer 8. 21 million
Answer 9. 1000SATS (Ordinals)
Answer 10. BRC-20 tokens are mostly meme coins with limited intrinsic value, while ERC-20 tokens are used in various Ethereum DApps
Answer 11. Launch of a Bitcoin spot ETF
Answer 12. Make Bitcoin rarer and potentially more valuable
Answer 13. Spark increased interest in riskier assets like cryptocurrencies
Answer 14. Increase regulatory scrutiny and market volatility for cryptocurrencies
Answer 15. To make Ethereum’s network faster, more secure, and eco-friendly
Answer 16. They help make connections, learn new things, and develop new ideas
Answer 17. Increased adoption by large organizations
Answer 18. They could either help the industry grow or create barriers for users
Answer 19. They are making a comeback, particularly on the Bitcoin network
Answer 20. Diversify investments across different types and strategies
Bybit Learn & Earn Answers: Bitcoin ETFs
Give the following answers to the Bybit Bitcoin ETFs Learn & Earn Quiz
Answer 1. A type of investment fund pooling multiple assets into a bundle
Answer 2. Stocks, cryptos, bonds, and other commodities
Answer 3. In response to the value of the underlying asset(s)
Answer 4. A fund containing a variety of Bitcoin-related digital assets
Answer 5. Actual Bitcoin tokens
Answer 6. No relation
Answer 7. It is a fund that holds Bitcoin futures contracts
Answer 8. Spot ETFs are backed by actual Bitcoin, while futures ETFs are backed by futures contracts
Answer 9. Due to regulatory concerns over market manipulation
Answer 10. It allows investment in Bitcoin without needing to own the cryptocurrency
Answer 11. Their value fluctuates with the price of Bitcoin
Answer 12. The ETF is trading at a premium
Answer 13. Grayscale Bitcoin Trust (GBTC)
Answer 14. ETFs offer a more convenient and regulated way to invest in Bitcoin
Answer 15. ETFs always mirror the exact performance of Bitcoin
Answer 16. It is a non-exchange-traded trust holding
Bitcoin
Answer 17. Regulatory compliance makes ETFs more accessible for institutional Investment
Answer 18. After receiving approval from the U.S. Securities and Exchange Commission
Answer 19. Depending on the demand for the shares and the fund's perceived value
Answer 20. ETF shares may not always be in high demand for immediate sale
Answer 21. It is set up to mimic the performance of Ethereum, with its price moving in relation to Ether's price
Bybit Learn & Earn Answers: Bybit Year End Trivia Special
Give the following answers to the Bybit Year End Trivia Special Learn & Earn Quiz
Answer 1. Richard Teng
Answer 2. WSOT 2023
Answer 3. Bitcoin Ordinals
Answer 4. XRP
Answer 5. Signature Bank
Answer 6. 50 Cent
Answer 7. The cryptocurrency market crash
Answer 8. Silk Road
Answer 9. The Y2K bug
Answer 10. PayPal
Answer 11. 21 million
Answer 12. The second Bitcoin halving
Answer 13. Proof of Work
Answer 14. Dogecoin
Answer 15. Miami
Answer 16. Facebook
Answer 17. CryptoKitties
Answer 18. Market Cap
Answer 19. Bybit's 5th Anniversary
Bybit Learn & Earn Answers: Bybit Trading Bots & AI Tools
Give the following answers to the Bybit Trading Bots & AI Tools Learn & Earn Quiz
Answer 1. It kept interest rate unchanged
Answer 2. To combat AI "hallucinations."
Answer 3. Ending SNX token inflation
Answer 4. Avalanche (AVAX)
Answer 5. To expand multichain gaming and develop a marketplace
Answer 6. Garbled circuits
Answer 7. Inter-Blockchain Communication protocol (IBC)
Answer 8. Inter-Blockchain Communication protocol (IBC)
Answer 9. The RPGF drop initiative
Answer 10. It could reduce transaction fees by more than 100 times
Answer 11. It is a decentralized exchange part of the Trader Joe's franchise
Answer 12. To advance the v1.6 mainnet upgrade with new features like DNS v2 and VM 1.5
Answer 13. Over 100,000
Answer 14. From quadratic-based voting to linear weight voting
Bybit Learn & Earn Answers: Trade Crypto Options
Give the following answers to the Bybit Crypto Options Learn & Earn Quiz
Answer 1. Options
Answer 2. They can only be exercised at expiration
Answer 3. A premium
Answer 4. They automatically exercise upon expiration
Answer 5. Avoidance of funding fees and liquidation risks for Option buyers
Answer 6. It allows traders to access the Option Chain and place orders
Answer 7. Buy & Sell
Answer 8. It presents essential information about Option profitability, costs, and price movements
Answer 9. To profit when the expected price of the underlying asset is expected to rise
Answer 10. The predetermined price at which the underlying asset is can be bought or sold when the Option is exercised
Answer 11. It is automatically exercised
Answer 12. Sell the option in the open market
Answer 13. Selling the current option and buying another with a later expiration date
Answer 14. The third Friday of each month
Answer 15. Measures the loss in the premium's value as time passes
Answer 16. When the cost of selling the contract exceeds the cost of letting it expire worthless
Answer 17. Margins are calculated at the account level, potentially lowering requirements
Answer 18. Only trading fees
Answer 19. It facilitates trading in USDC, a less volatile stablecoin
Answer 20. It increases the number of positions a trader can hold without additional margin
Bybit Learn & Earn Answers: Bybit MT4
Give the following answers to the Bybit MT4 Learn & Earn Quiz
Answer 1. MetaQuotes Software
Answer 2. Forex Trading
Answer 3. Automatic stock picking
Answer 4. MQL Language
Answer 5. CFDs, cryptocurrencies, and commodities
Answer 6. Automatic Risk Assessment
Answer 7. Automated trading programs
Answer 8. Automated risk management systems
Answer 9. iOS 7.0
Answer 10. Trading robots
Answer 11. Automatic copying of trades and strategies from other traders
Answer 12. Custom indicators are independently developed and can be customized, unlike standard indicators
Answer 13. Symbol and period
Answer 14. Algorithmic trading using the MQL4 integrated development environment
Answer 15. Internet connection of at least 54 Kbps
Answer 16. To instruct the system to perform certain tasks at given moments
Answer 17. It is not available for Huawei mobile devices
Bybit Learn & Earn Answers: Bybit Lending
Give the following answers to the Bybit Lending Learn & Earn Quiz
Answer 1. To allow lenders to contribute their idle crypto assets and earn interest
Answer 2. Hourly
Answer 3. The lending system enters a cool-down period
Answer 4. Using the Loan-to-Pool ratio
Answer 5. 20%
Answer 6. Borrowing from liquidity providers to lend on Bybit
Answer 7. Borrowing from liquidity providers to lend on Bybit
Answer 8. Using collateral value ratios and an insurance Fund
Answer 9. Through an algorithm that changes APR based on the Loan-to-Pool ratio and market demand
Answer 10. Depositors can redeem funds anytime without long lock-up periods
Answer 11. Government-backed securities
Answer 12. Margin Trading and Crypto Loans to generate hourly interest
Answer 13. Either the Spot Account or Unified Trading Account
Answer 14. Through the minimum value among the user's Pending Redemption Amount, Daily Redemption Limit, and Asset Pool Available Balance
Answer 15. Bybit Lending requires a service fee of 20% of the interest income, while Crypto Loans charge an hourly interest rate plus a liquidation fee if necessary
Answer 16. Users who want to earn interest by lending their idle cryptocurrencies versus users who want to obtain funds by borrowing
Bybit Learn & Earn Answers: Ethereum Cancun Upgrade
Give the following answers to the Ethereum Cancun Upgrade Learn & Earn Quiz
Answer 1. EIP-4844
Answer 2. Yes
Answer 3. Layer-2 rollup transaction costs will be reduced
Answer 4. Projects related to Layer-2 solutions
Answer 5. Not yet
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The cryptocurrency market is one of the fastest-growing markets today and has become a popular option for those looking to diversify their portfolios, by using Bybit Learn And Earn, you can get some free crypto by learning about crypto. If you need help answering the questions, you can also use our Bybit Learn And Earn Answers.
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