Bybit Learn & Earn Answers – UPDATED

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    Bybit Learn And Earn Answers

    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: 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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