Protect your position with Perp ProtectBybit Perp Protect rewards season: Win a share of 50,000 USDT

1. These Terms and Conditions ("Terms") govern participation in the Perp Protect event ("Campaign") operated by Bybit. By clicking "Join Now" and registering for the event, you agree to these Terms and Conditions.

3. To be eligible to receive event rewards, users must click the "Join Now" button and complete event registration before the end of the event period. Only Qualifying Volume will count toward any reward calculation. Transaction volume generated prior to registration is excluded.

4. Participants must have completed Bybit's Identity Verification Lv. 1 (personal or enterprise, as applicable) before registering for the event. The event is not open to users located in, or accessing Bybit's services from, countries or regions where Bybit's services are restricted. Without limiting the foregoing, users from the following jurisdictions are excluded: Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, and Norway (collectively, the "European Economic Area" or "EEA"). Institutional Users are not eligible to participate in the event. Participants must also complete all designated event tasks before the applicable deadlines specified in the event details to qualify for any reward.

5. Where the event involves or references Perp Protect, participants should note that activating Perp Protect (contract insurance) does not eliminate the risk of liquidation. In extreme market conditions, the risk of liquidation remains even when Perp Protect is active. Participants should carefully review all relevant Bybit product documentation and risk disclosures before trading Perpetual Contracts.

6. Rewards for Eligible Users will be credited to their Rewards Hub within 10 Business Days following the end of the event period, where "Business Days" means days other than Saturdays, Sundays, and public holidays on which banks are open for general business in Singapore (UTC+8). Rewards are not automatically disbursed. Eligible Users must log in to Bybit and navigate to the Rewards Hub to manually claim rewards. Unclaimed rewards may be subject to expiry in accordance with the terms displayed in the Rewards Hub.

7. Bybit's Risk Control Team will conduct a comprehensive review of all event participants. Bybit reserves the right to exclude any participant and to withhold or reverse any reward where Bybit reasonably determines that the participant has: (a) violated these Terms; (b) violated Bybit's platform security policies, Terms of Service, or applicable law; or (c) engaged in abusive, fraudulent, or manipulative conduct, including (without limitation) registering or operating multiple accounts on the same device or through coordinated activity designed to artificially inflate Qualifying Volume. Accounts identified as "Duplicate Accounts" will be deemed ineligible and will not receive event rewards.

8. Bybit reserves the right to amend, suspend, or terminate the event at any time, with notice to participants where reasonably practicable. These Terms are supplemental to and should be read together with Bybit's general Terms of Service and any other applicable Bybit policies, which continue to apply in full. In the event of any dispute arising from the interpretation or application of these Terms, Bybit reserves the right to make the final determination, acting reasonably and in good faith. Such determination shall be final and binding on participants in the absence of manifest error. If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.