How to Use Bybit Earn and Dual Asset Mining: Actionable Guide for Smarter Crypto Yield

If you’ve been sidelining capital in your exchange wallet or wondering how to earn yield without wrestling with complex DeFi workflows, this field-tested walkthrough shows you exactly how to use Bybit Earn and Dual Asset Mining step by step. You’ll learn what each product does, where the returns come from, and the practical risks to consider—plus some portfolio-friendly strategies to combine them.

Pro tip: if you’re opening or reactivating a Bybit account, you can secure a 20% fee discount and access up to $30,050 in benefits using this partner link and referral code: Join Bybit with code CRYPTONEWER. Enter code “CRYPTONEWER” during signup or in the Rewards Hub to activate the perks.

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Why yield on an exchange instead of DeFi?
What is Bybit Earn?
What is Dual Asset Mining on Bybit?
Step-by-step: Starting with Bybit Earn
Step-by-step: Using Dual Asset Mining
Practical strategies you can deploy today
Fees, boosts, and getting more from your yield
Risk management essentials
Frequently asked questions

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Why yield on an exchange instead of DeFi?

Convenience: subscribe with a couple of taps—no bridging, no gas juggling.
Product diversity: flexible savings, fixed terms, staking, liquidity programs, plus Dual Asset Mining for volatility-driven returns.
Operational simplicity: you keep everything inside your exchange account and can often redeem fast when you need liquidity.

Trade-off to know: exchange-based yield carries platform and counterparty risk. Always diversify and enable strong security.

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What is Bybit Earn?

Bybit Earn is a suite of yield products that let you put idle assets to work. The exact lineup varies by region and time, but typically includes:

Flexible Savings: deposit assets like USDT, USDC, BTC, ETH and earn a variable APR. You can redeem anytime, making it ideal for cash management.
Fixed Savings / Fixed-Term Deposits: lock assets for a set period for higher APR. Early redemption is usually not allowed or may forfeit interest.
Staking / Launchpool: stake specific tokens to earn network rewards or promotional tokens, often with limited-time boosted APYs.
Liquidity Mining / Earn Campaigns: provide liquidity to eligible pairs inside Bybit’s ecosystem. Expect variable APRs and exposure to price and impermanent loss depending on the product’s design.
Structured Earn (e.g., Shark Fin or other capital-protected/variable payoff products): rules-based coupons that pay different yields depending on whether price stays within a target range.

Where the yield comes from: market-making incentives, funding from traders and campaigns, staking rewards, and optional structured payoffs. APRs vary with market conditions.

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What is Dual Asset Mining on Bybit?

Dual Asset Mining is a volatility-harvesting product. You deposit one asset in a trading pair (e.g., BTC or USDT in the BTC/USDT pair), choose a target price and a tenor (duration), and earn an annualized yield that reflects market conditions. At settlement, you may receive either the asset you deposited or the paired asset—depending on where the market settles relative to your target.

Plain-English intuition:

You’re effectively getting paid to take on price risk for a short period.
If price moves one way, you might end up with more of the asset you started with; if it moves the other way, you may end up with the paired asset at an effective conversion price you selected.
Yields are typically higher when volatility and demand for the product are high.

Important:

Dual Asset Mining is usually non-principal-protected. Your final asset and value at settlement depend on market price.
It’s ideal for traders comfortable owning either asset of the pair at a pre-chosen effective price and for users who want to monetize sideways markets.

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Step-by-step: Starting with Bybit Earn

Before you begin: enable security and confirm eligibility.

1) Create or log in to your account
– Use the referral link to lock in a 20% fee discount and up to $30,050 in benefits: Bybit — code CRYPTONEWER.
– Complete any required KYC based on your region.

2) Secure your account
– Turn on 2FA (authenticator app), withdrawal whitelist, and anti-phishing code.
– Use a unique password stored in a secure manager.

3) Deposit or buy assets
– Deposit USDT/USDC for stable yields; BTC/ETH for long-term holds; or the token you plan to stake.
– If buying on-platform, consider placing limit orders to minimize slippage and use the fee discount activated by CRYPTONEWER.

4) Navigate to Earn
– From the main menu, locate Earn or Savings.
– Compare products: Flexible vs Fixed, Staking, Launchpool, Liquidity Mining, or Structured Earn.

5) Choose a product and subscribe
– Flexible Savings for cash management: pick USDT/USDC, input amount, review variable APR, and subscribe.
– For Fixed terms: select tenor (e.g., 14/30/60 days), confirm early redemption rules, and subscribe for higher APR.
– For Staking/Launchpool: verify lock-up terms and reward token. Be mindful of network-specific unbonding periods where applicable.

6) Track and manage
– Check earnings in your Earn dashboard. Many products compound rewards automatically.
– Rebalance periodically: move assets from flexible to fixed when you know you won’t need them for a while, or back to flexible during high-volatility periods.

7) Redeem
– Flexible: redeem on demand (processing times can vary during peak usage).
– Fixed/Staking: redeem at maturity; note that early redemptions may not be available or will reduce interest.

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Step-by-step: Using Dual Asset Mining

Dual Asset Mining is most useful when you’re comfortable owning either asset in a pair at a preselected effective price.

1) Understand the payoff logic
– You deposit Asset A (say, BTC) or Asset B (say, USDT) for a specified tenor.
– You choose a target price. The product’s settlement logic determines whether you receive Asset A or Asset B at maturity.
– Your displayed APR is annualized; your actual coupon is prorated for the tenor.

2) Choose your market view
– Range-bound view: pick a target close to spot; aim to capture consistent coupons while being indifferent to receiving either asset.
– Accumulation view: if you want to accumulate BTC with USDT, choose targets below spot so you’re willing to receive BTC at that effective price.
– Distribution view: if you want to rotate from BTC to USDT, choose targets above spot so you’re willing to deliver BTC and receive USDT when price rises.

3) Select pair, target, and tenor
– Typical pairs: BTC/USDT, ETH/USDT, and other large-cap pairs when available.
– Tenors: a few days to a couple of weeks. Shorter tenors reduce market exposure but also lower total coupons.
– Target prices: conservative targets tend to offer lower APR; aggressive targets may pay higher APR but increase the chance of switching assets.

4) Allocation and subscription
– Size positions modestly relative to your portfolio; it’s non-principal-protected.
– Confirm settlement rules on the subscription page; interfaces often show “If settlement price >= target, you receive X; otherwise you receive Y.”
– Subscribe and record details (target price, tenor, expected APR, and settlement time).

5) Monitor and roll
– At settlement, your balance will show the final asset and accrued coupon.
– Consider laddering (multiple subscriptions at staggered targets and tenors) to smooth outcomes.

Example scenario (illustrative, not a quote):
– Spot BTC: 64,000 USDT.
– You subscribe with USDT for 7 days at a 64,500 target with a displayed APR of 18%.
– If at settlement the price is at or above 64,500, you may receive BTC at an effective conversion near the target plus the coupon; if below, you may remain in USDT plus the coupon (final logic depends on the product page). Always check the on-screen terms before subscribing.

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Practical strategies you can deploy today

Cash-bucket with Flexible Savings
Keep trading dry powder in USDT/USDC Flexible Savings to earn while you wait for entries. Redeem instantly to deploy capital during dips.
Fixed-term core, flexible satellite
Place long-term holdings in fixed terms for higher APR, and keep a flexible bucket for opportunistic buys.
Laddered Dual Asset Mining
Split your allocation into tranches with multiple targets/tenors. Example for BTC accumulation with USDT: targets at 61k, 62.5k, 64k over 7/14/21 days. This reduces timing risk and averages conversion levels.
Range harvesting
In sideways markets, pick targets close to spot and repeat short tenors to clip frequent coupons, accepting occasional asset switches.
Hedge-aware positioning
If you run Dual Asset Mining with BTC while holding BTC spot, be comfortable ending in USDT at times (or vice versa). Adjust exposure with spot or perps if you need tighter delta.
Rewards recycling
Funnel coupons and staking rewards back into Flexible Savings or fresh Dual Asset tranches to compound over time.

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Fees, boosts, and getting more from your yield

Referral benefits: lock in your 20% trading fee discount and access up to $30,050 in benefits by signing up with Bybit — code CRYPTONEWER. Lower trading fees help when rebalancing or hedging around Earn positions.
Promotions: watch for Launchpool or time-limited APR boosts. These windows can meaningfully lift your blended yield.
VIP tiers: higher volumes may unlock better rates or fee tiers; check the VIP page if you’re active.

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Risk management essentials

Understand non-principal-protection
Dual Asset Mining outcomes vary with price; you may end up holding the paired asset at settlement. Allocate accordingly.
Liquidity and lock-ups
Fixed terms and certain staking products restrict early redemption. Keep an emergency fund in Flexible Savings.
Impermanent loss and price risk
Liquidity programs can expose you to price divergence versus simply holding. Evaluate expected returns against potential IL.
Volatility and gap risk
Targets can be breached during fast markets. Ladder and diversify tenors to reduce timing risk.
Platform security
Enable 2FA, withdrawal allowlisting, and monitor devices. Consider spreading assets across providers.
Personal constraints
Taxes, regulations, and product availability vary by region. Keep records and consult local guidance.
DYOR
Read the on-screen terms for each subscription. APRs are variable and subject to change.

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Frequently asked questions

Is the APR guaranteed?
No. Many APRs are variable and displayed as an estimate. Structured products may have rules-based outcomes but still depend on market conditions.
APR vs APY?
APR is the simple annual rate; APY accounts for compounding. If rewards are compounded, APY will be higher than APR for the same nominal rate.
Can I redeem early?
Flexible Savings: usually yes. Fixed terms/staking: generally no, or you may lose accrued interest. Dual Asset Mining: typically you hold until the stated settlement.
What happens at settlement in Dual Asset Mining?
You receive either the deposited asset or the paired asset plus the coupon, based on the product’s target/settlement rule. Always confirm the exact logic in the interface before subscribing.
Which assets are best?
Stablecoins for lower-volatility base yields; BTC/ETH for long-term conviction; large-cap pairs for Dual Asset Mining. Choose assets you’re comfortable holding if allocations shift at settlement.
How do I start with the referral perks?
Use Bybit — Join with code CRYPTONEWER and enter CRYPTONEWER during signup or in Rewards to secure the 20% fee discount and access up to $30,050 in benefits.

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This guide aims to help you deploy practical, risk-aware yield strategies using Bybit Earn and Dual Asset Mining. Use small test allocations first, read each product’s terms carefully, and build a ladder that matches your market view and liquidity needs. Not financial advice.