FAQ — Copy Trading Loss Coverage

What is Copy Trading Protection Voucher?

• It 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 Classic Page or Copy Trading TradFi.

• After claiming the voucher, it serves as the registration for coverage eligibility — 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 can claim the Copy Trading Loss Coverage?

Available Copy Trading Protection Voucher on Bybit 

 

Where can I claim the Copy Trading Protection Voucher?

1. Head to the Copy Trading Classic or Copy Trading TradFi.

2. If you are eligible, the voucher will appear in the top right corner to claim. 

First-order Protection Voucher : 

 

 

Premium Protection Voucher : 

 

 

3. After claiming, simply start following your Master Trader by meeting the specified investment amount requirement.

4. For Premium Protection Voucher, please ensure you enable the toggle in the investment window and invest at least 800 USDT in a single investment to activate the voucher.

 

 

5. Please note that after claiming the Protection Voucher, it will not be visible in your Rewards Hub since it's not an actual reward.

6. If you are eligible for losses,  the compensation of up to 100 USDT will be given in the form of Copy Trading Bonus and will be distributed to your Rewards Hub within 3 days after your losses occur.

What is the Protection Period?

• First-order Protection Voucher

• Coverage applies to the first Master Trader who initiated the first order after claiming the Loss Coverage.

• 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 compensated. The Protection Voucher will not cover the losses from Order B & C.

 

• Premium-Protection Voucher

• Coverage applies to the first eligible order initiated by the eligible Master Trader after claiming the voucher 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, and 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 a 70 USDT Copy Trading Bonus as compensation based on the final loss amount.

How is the Compensation paid?

• 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. 

• Copy Trading Bonus will come with a specific validity period—make sure to check the expiration date after claiming it.

• The compensation is capped at a maximum of 100 USDT and 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—the remaining amount will not be covered.

Where can I check my Compensation record?

You may head to the User Center (Follower) dashboard. Compensation status for both the First-order & Premium Protection Voucher can be found under the respective records: 

 

Copy Trading Classic: Copy Trading Classic Compensation Record

Copy Trading TradFi: Copy Trading TradFi Compensation Record

 

 

These are the Compensation Status you can track in the Compensation Record:

 

What is Copy Trading Bonus?

• Usable for Copy Trading Classic (USDT Perpetual & Trading Bots). 

• Use as trading margin, cover losses, trading fees, and funding fees.

• Cannot be withdrawn, converted, or transferred directly.

• Profits generated using the bonus can be withdrawn, converted, or transferred.

• For more details, refer to the guide: How to Use Copy Trading Bonus.

 

Note: TradFi compensation will be issued as Copy Trading Bonus, usable only for Copy Trading Classic.

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

• You can unfollow a Master Trader at any time, but please note: 

• 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?

• First-order Protection Voucher: 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.

• Premium Protection Voucher: Coverage can be applied to the Master Traders, where you have turned on the toggle to activate the voucher in the investment window only. 

 

<span style="font-size: 12pt;font-family: 'I