2024-10-19 06:43:11To simplify the management and organization of your Followers, Bybit Copy Trading introduces two (2) key features to enhance the efficiency of managing your Followers.
i) Via Invitation Link
As a Master Trader, you can now unlock exclusive Follower slots for invitees and grow your brand while building communities your way.
You have the option to generate a unique invitation link that comes with a maximum of 500 Exclusive Slots on top of your current Follower cap, based on your ranking.
To generate the link, please go to your Copy Trading User Center → My Followers and select Generate Link. Once the link is generated, you can easily copy and paste it to your community to invite new Followers.
In the Details section of this link, you can view the availability and occupancy status of the slots. This allows you to easily manage your Follower groups.
Notes:
— Master Traders who joined Bybit's affiliate program should be aware that the exclusive Follower slot link is not the same as your affiliate invitation link. Hence, followers who joined your group via exclusive Follower slots do not necessarily contribute any commission to your affiliate account if the follower did not register his Bybit account via your affiliate invitation link. However, you will still be entitled to the profit-sharing from your followers, if any.
— For more details, please refer to Exclusive Slots: Step-by-Step Guide for Bybit Master Traders.
ii) Via Whitelist
The Whitelist feature empowers you to selectively add users to your whitelist, granting them the privilege to copy your trades. It enables you the ability to (a) add or remove users from your whitelist, (b) adjust the profit-sharing ratio of up to 99%, and (c) remove Followers from copying you. Once the whitelist is enabled,
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Non-whitelisted users will no longer be able to become your Followers.
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Existing Followers will not be affected and will continue to follow as usual.
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You can set the Profit-Sharing Ratio of whitelisted Followers from 0% to 99%.
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You will no longer be included in Bybit Copy Trading's recommendation algorithm.
Enable Follower Whitelist
To enable your Follower Whitelist setting, please go to your User Center → Personal Settings → Follower Settings, and toggle on the Follower Whitelist option. Please note that when the Follower Whitelist is enabled, only users who are whitelisted and accept your whitelist invitation will be able to follow you.
Add and Revoke Whitelist Users
Whitelisted users are specific users who have been added to a whitelist by the Master Trader, granting them the exclusive chance to follow the Master Trader if they choose to do so.
Adding users to the whitelist does not guarantee that they will automatically start copying your trades. Whitelisted users will receive a whitelist invitation via email and users can decide whether to accept and start following the Master Trader before they can copy trades.
Step 1: Go to your Copy Trading User Center → My Followers → Whitelist to add or revoke whitelist users.
Step 2: Take adding a whitelist as an example. Click on Add Multiple Users and you can select Add by UID or Add via Invitation Link.
If you Add via Invitation Link, it means that once the followers joined your exclusive Follower slots via the invitation link generated, their UID will be auto-whitelisted. If the Auto Whitelist Invited Users is not enabled, they will not be able to join your group if you did not manually add the whitelist by UID.
If you want to add the whitelist by UID, click on Download Here to download the Format file.
Notes:
— The maximum size of the file is 2MB, and only .csv files are accepted.
— You can only invite 500 Followers each time and the maximum number of Followers that can be whitelisted is 5,000.
— The whitelist does not increase your Follower cap. The actual Followers that can copy you still depend on your Master Trader Level and exclusive slots unlocked via the invitation link.
— For Master Trader who joined Bybit’s Affiliate Program, please note that adding users to the Follower Whitelist does not represent the users registered under your affiliate link and does not contribute any commission to your affiliate account.
Step 3: Enter the account UID and save the file. Please note that the Main Account UID and Subaccount UID will need to be included separately.
Step 4: Click on Click to upload the .csv file and Submit your request.
Your Followers will receive an email notification and they are required to click on Accept and Start Following to accept your whitelist invitation and copy your trade.
To better distinguish your whitelisted users, you can refer to the Status column. The status of a whitelisted user can be one of the following with explanations:
1. Pending Accept: Users who have been added to the whitelist but have not yet accepted the invitation. The custom profit-sharing ratio will not be applied until the invitation is accepted.
2. Pending Follow: Users who have accepted the whitelist invitation but are currently not following your trades.
3. Following: Users who have accepted the whitelist invitation and are currently following your trades.
Adjust the Profit-Sharing Ratio
The option to set the profit-sharing ratio from 0% to 99% gives Master Traders greater flexibility to negotiate and agree upon a mutually beneficial profit-sharing ratio with their community.
The Profit-Sharing Ratio after enabling the Follower Whitelist will only apply to whitelisted users. Any existing non-whitelisted followers will not change their profit-sharing ratio, which is based on your Master Trader level.
To adjust the profit-sharing ratio, you can access the settings by going to User Center → Personal Settings → Follower Settings → Profit Sharing Ratio.
Remove Your Followers
Once the Follower Whitelist feature is enabled, Master Trader can remove the Followers from their Follower's group if you deemed the Follower's trading strategy or investment goals are no longer aligned with you. This helps you better manage your Follower base and ensure your trading strategies are transmitted among the appropriate user groups.
To remove a Follower from your whitelist, please go to your Master Trader User Center, click on My Followers → Whitelist → Revoke.
Under the Revoke Whitelist Status window, you have two (2) options:
1. Revoke and remove as Follower: This option will revoke the user from your whitelist and remove them from your Follower group, terminating their ability to copy your trades. They will only be able to follow your closing trades.
2. Revoke only: This option will only revoke the user's whitelist status, but allow them to continue copying your trades as a Follower.
If a Master Trader wants to remove non-whitelisted Followers from their Follower group, a maximum of 10 non-whitelisted followers can be removed per day.
In conclusion, by generating unique invitation links and utilizing the Whitelist feature, Master Traders can facilitate better management and control of their trading community.
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