17th August 2025

1. Introduction and Scope

   1. The following "Margin Trading Agreement" or "Agreement" supplements the "General Terms", which you can find HERE and the "Agreement for Exchanging Crypto-Assets for Funds or other Crypto-Assets", which you can find HERE. 

   2. Conflict of Terms. In case of a conflict of the General Terms, the Agreement for Exchanging Crypto-Assets for Funds or other Crypto-Assets, this Margin Trading Agreement shall prevail with respect to Margin Transactions.

   3. Contracting party. The services as agreed upon in this Margin Trading Agreement are provided by Bybit EU GmbH ("Bybit CASP", "Company", "we", "us") to persons that have registered an "Account" with Bybit CASP ("User", "you"). The counterparty for all transactions under this Margin Trading Agreement on the "Platform" is Bybit CASP.

   4. Definitions. The Definitions shall have the meanings ascribed to them in the Annex ("Definitions") to this Margin Trading Agreement.

2. Amendments of the Agreement

   1. Notification and Consent for Changes to the Agreement

Whenever we intend to implement a change, we will notify you on paper or on another durable medium about the proposed amendments. 

Changes to this Agreement will become effective upon the earlier of (i) your express acceptance of the amended Agreement or (ii) two months after the notification of the changes, unless you have objected to these changes.

2. Objecting to a change / termination of the contractual relationship

Whenever we notify you of any changes, we will also inform you, (i) that if you do not object in text form or on the Platform within the two months' time frame before the changes come into effect, you will be deemed to have consented to the changes, and that (ii) you have the right to terminate the entire or parts of your contractual relationship that relate to the change without any notice period until the changes take effect. You will still have access to your Account during this period.

3. Exceptions for Changes to Services and Fees

The preceding paragraphs do not apply to restrictions to the services of the Company and to the User's fees for existing products.

3. Eligible Crypto-Assets and Eligible Users 

   1. Eligible Crypto-Assets. A list of Crypto-Assets eligible for Margin Transactions can be found HERE: ("Eligible Crypto-Assets"). Eligible Crypto-Assets may be acquired or sold through Margin Transactions as well as borrowed or used as Collateral for the purpose of Margin Transactions.

   2. Eligible Users. Margin Transactions are only available to Users having fulfilled certain requirements set by Bybit CASP. The current requirements can be found here ("Eligible Users). 

   3. Available Leverage. Bybit CASP may offer different leverage levels to different groups of Eligible Users. Eligibility Criteria for different leverage levels can be found here . Not all Eligible Users have access to the same leverage levels. 

   4. Minimum Balance Requirements. You must meet or exceed any minimum balance requirements imposed by us to enter into Margin Transactions, especially Initial Margin requirements. 

4. Order process

   1. Overview. Bybit CASP’s services under this Margin Trading Agreement allow you to exchange Crypto-Assets for other Crypto-Assets via the "Synthetic Liquidity View" with additional margin. If you cannot cover the transaction volume with your own Crypto-Assets, Bybit CASP may borrow you the required Crypto-Assets to complete the transaction.

   2. General. Bybit CASP only offers margin trading for Eligible Crypto-Assets. For Eligible Crypto-Assets you may enable "Margin" and select one of the leverage levels available to you that you want to use and submit an order with the following parameters:

1. Order Direction: Whether you want to buy or sell the base Crypto-Asset of the trading pair (long position or short position).

2. Order Type: The available order type you want to use.

3. Order Volume: The total order volume of your Margin Transaction.

3. With the enabled "Margin"-feature, by submitting the order for a transaction, the User simultaneously may make the following orders:

   1. If the User's Unified Trading Account holds insufficient Crypto-Assets, for the selected transaction volume, the User borrows Crypto-Assets from Bybit CASP. The borrowed Crypto-Assets are referred to as "Margin Assets". Bybit CASP will automatically determine the amount of Margin Assets required to fulfil the order.

   2. If the User's Unified Trading Account holds sufficient Crypto-Assets, for the selected transaction volume, the order may be accepted and fulfilled by Bybit CASP pursuant to Sections 3 and 4 of the Agreement for Exchanging Crypto-Assets for Funds or other Crypto-Assets. Despite the enabled "Margin"-feature, the order will be concluded as a standard spot transaction. The User will not borrow Margin Assets from Bybit CASP.

   3. The amount of Margin Assets that can be borrowed by the User is determined based on the User’s Margin Balance (as defined below) in their Unified Trading Account subject to Section 6 and the selected level of margin If the User lacks a sufficient quantity of the relevant Crypto-Asset or opts not to use existing holdings, the User may obtain the required amount by (i) completing a separate transaction through another service available on the Platform, or (ii) depositing or assigning the necessary Crypto-Assets into their Unified Trading Account. Any Crypto-Asset provided as initial collateral in the context of a Margin Transaction shall be referred to as "Initial Asset". 

   4. Bybit may apply additional limits to the borrowing of Margin Assets. 

   5. Subject to Section 6, neither Bybit CASP nor the User will determine any specific Crypto-Assets as Initial Assets, but Initial Assets will be represented by corresponding pro rata (anteilig) share of the total value of the Unified Trading Account. 

   6. The use of Margin Assets enables the User to enter into leveraged transactions with Crypto-Assets by exchanging the Margin Assets and their corresponding own Crypto-Assets in their Unified Trading Account for another Crypto-Asset. The Crypto-Assets you receive are referred to as "Received Assets". 

   7. With the usage of the Margin Assets, the User is able to acquire a leveraged amount of the Received Assets. To ensure repayment of the Margin Assets, the User has to provide Bybit CASP with an appropriate amount of "Collateral". The Collateral may consist of the Initial Assets, the Received Assets or any other designated Crypto-Assets in the User's Unified Trading Account according to Section 6. The Collateral is subject to the Pledge Agreement, as described in Section 7.

   8. Each (partially) filled order with borrowed Crypto-Assets constitutes a "Margin Transaction". For the avoidance of doubt, under each Margin Transaction, you will also exchange your own Crypto-Assets in your Unified Trading Account, insofar such corresponding Crypto-Assets are available. 

4. Invitation to submit an order. Any figures, numbers, or exchange reference prices on the Platform and the Synthetic Liquidity View interface, do not constitute binding offers from Bybit CASP for any exchange but an invitation for you to submit an order.

5. Order Types. You can use the order types as specified in Section 4.4 of the Agreement for Exchanging Crypto-Assets for Funds or other Crypto-Assets for Margin Transactions. Please note that a Limit Order for a Margin Transaction will cause the immediate borrowing of Margin Assets, even if the order cannot be immediately fulfilled. This will incur fees for the Margin Assets.

6. Minimum transaction volume. Each order must have a minimum transaction value, which will be shown on the Platform before making an order. You will not be able to make an order that falls below the minimum transaction value.

7. Limits. There is a limit of transactions, as well as amounts and numbers of exchanges of Crypto-Assets for funds or other Crypto-Assets to ensure market integrity, prevent market manipulation, and protect users. You can find a list of applicable exchange limits for different user categories and Crypto-Assets HERE. Any updates to the limits will be communicated in advance and published on the Platform.

8. Borrowing Limitations. You may not be able to borrow any further Margin Assets, if the Initial Margin Rate (as defined in Section 8.3) of your Unified Trading Account reaches 100 percent or if you reach the total borrowing limits for individual Crypto-Assets applicable to you ("Maximum Borrow Amount"). You can find a full list of Maximum Borrow Amounts for individual Crypto-Assets HERE.

9. The receipt of any order will be confirmed to you promptly directly on the Platform. 

10. Timing of order. Orders are considered submitted at the time the Users confirms the order by clicking the confirmation button on the Platform. For the avoidance of doubt, please note that a Limit Order is only submitted once the requirements explained in Section 4 of the Agreement for Exchanging Crypto-Assets for Funds or other Crypto-Assets are fulfilled. This will not impact your immediate borrowing of the required Margin Assets.

11. Acceptance or rejection of orders. Bybit CASP can accept or reject your order for a Margin Transaction. 

12. Factual fulfilment Bybit CASP can either accept your order by factual fulfillment (tatsächliche Erfüllung) or reject it under certain limited circumstances, such as technical failures or potential cases of market manipulation. Factual fulfillment means the recording of the transaction data in the internal (i.e., "off-chain") register of positions ("Off-Chain Information Ledger").

13. Transaction information. Bybit CASP will confirm the following details regarding your order and subsequently regarding Margin Transactions fulfilled on the Platform: 

For your order the following details are confirmed:

• Order Type: Specifies the Margin Transaction and applicable leverage level.

• Asset: The Crypto-Asset(s) involved in the transaction (may be displayed as part of the order quantity and order value).

• Price: The firm price of the order.

• Quantity: The amount of crypto-assets purchased with the Margin Transaction.

• Order Value (Volume): The total value of the Margin Transaction denominated in the crypto-assets used to exercise the purchase.

• Amount to Borrow: The total amount of Margin Assets that you borrow from Bybit CASP for the Margin Transaction.

• Daily Fee: The daily fees applicable to the Margin Assets (as percentage of the Margin Assets). 

For fulfilled transactions following details are displayed on the Platform:

• Order Type: Specifies the Margin Transaction and order type;

• Asset: The Crypto-Asset(s) involved in the transaction;

• Date: The date and time the transaction was fulfilled;

• Price: The price at which the transaction was completed;

• Volume: The number of Crypto-Assets involved in the transaction.

This information will be made available to Users through the Platform’s interface and can help with tracking the trade history and the performance of the orders.

14. You can use the Received Assets for other products on the Platform (e.g. Bybit Rewards) as well as for subsequent transactions. Depending on the current Maintenance Margin Rate of your Unified Trading Account, this possibility may be restricted for you. You will not be not able to use your Received Assets, if the current Maintenance Margin Rate of your Unified Trading Account is 80 % or higher.

5. Long and Short Products 

The following products are offered on the Platform:

1. Margin Transactions – Product "Long"

   1. When using Margin Transactions "Long", you are seeking to acquire one asset (= Received Asset, e.g. BTC) by borrowing another asset (= Margin Asset, e.g. ETH), with the intention of making use from an anticipated increase in the Received Asset's market price (e.g. BTC) and a decrease in the Margin Asset's (e.g. ETH) market price.

   2. In addition to the general risks when trading with Crypto-Assets and as laid out in Annex I of the General Terms, you take on the Margin Asset’s upside risk (e.g. you owe ETH, if ETH becomes more expensive your debt appreciates) as well as the Received Asset's downside risk (e.g. you hold BTC, if BTC depreciates (relative to ETH) this directly impacts you as a holder). If BTC’s value decreases (relative to ETH), the BTC you hold loses value, while your ETH-denominated debt remains the same or even increases. In this example, this results in a net loss, as you must return the borrowed ETH regardless of BTC’s performance.

2. Margin Trading – Product "Short"

   1. When using Margin Transactions "Short", you are aiming to capitalize on a potential decrease in the value of the Margin Assets (e.g. BTC) by borrowing such Margin Assets to sell the Margin Assets for different Received Asset (e.g. USDC). The intention is to repurchase the Margin Assets (e.g. BTC) at a lower price in the future, to return the borrowed Margin Asset (e.g. BTC) and keep the price difference between the initial sale and the subsequent repurchase (i.e. profiting from the lower repurchase price).

   2. In addition to the general risks when trading with Crypto-Assets and as laid out in Annex I of the General Terms, you take on the Margin Asset’s upside risk (e.g. you owe BTC, if BTC becomes more expensive your debt appreciates) as well as the Received Asset's downside risk (e.g. you purchase and hold USDC, if USDC depreciates relative to BTC, this directly negatively impacts you as a holder). If BTC’s value increases relative to USDC, the BTC you owe becomes more expensive to repurchase, while the (relative) value of your Received Assets (in USDC) remains the same (or even decreases). In this example, this results in a net loss, as you must return the same amount of borrowed Margin Assets (in BTC) regardless of its increased value and the thereby resulting in an increased repurchase price.

6. Unified Trading Account and Margin Modes

   1. Unified Trading Account. In your Account you are provided with different sub-registers to assign and hold your Crypto-Assets: your "Funding Account" and your "Unified Trading Account". You may assign your Crypto-Assets either to the Funding Account or the Unified Trading Account. You may only use your Crypto-Assets assigned to your Unified Trading Account for transactions using the Synthetic Liquidity View, including Margin Transactions. Bybit CASP may restrict your ability to transfer your Crypto-Assets between your Unified Trading Account and Funding Account, if certain conditions apply (e.g. if the Maintenance Margin Rate of your Unified Trading Account is too high).

   2. Margin modes. Your Unified Trading Account supports a designated margin mode for Margin Transaction to designate your Initial Assets that are used as Collateral ("Margin Mode"). You are required to always have an available Margin Mode selected. The Unified Trading Account currently only supports Cross Margin Mode (as defined below). Bybit CASP may introduce additional Margin Modes in the future.

   3. Margin Transactions are only available in Cross Margin Mode. If Cross Margin mode is not activated in your Unified Trading Account, you will not be able to enter into a Margin Transaction with Bybit CASP. 

   4. Depending on the activated Margin Mode your Margin Transactions expose you to different financial risk and different assets or positions in your Unified Trading Account may be at risk of liquidation. 

   5. Cross Margin Mode:

      1. You can activate "Cross Margin Mode" under which you will be enabled to (automatically) use the value of your whole Unified Trading Account as Initial Assets, always to the extent necessary for a specific Margin Transaction. This increased flexibility for you to provide Initial Assets may also put additional assets in your Unified Trading Account at risk of liquidation.

      2. For the purpose of using (a share of) your assets in your Unified Trading Account as Initial Assets, Bybit CASP values all assets in USD. Bybit CASP may apply a Haircut to the value of certain assets. "Haircut" refers to the USD-value discount applied to crypto-assets and is determined as a specific percentage based on different criteria, such as past volatility. If Bybit CASP applies a Haircut to your assets in your Unified Trading Account, the value of these assets will be reduced for calculating the value of the Collateral, meaning that the Collateral will be valued at a lower price than the current market price. This reduction affects how your margin is calculated, which may increase the risk of your position being liquidated. You will find all crypto-assets and potentially applicable Haircuts HERE

      3. For submitted but not yet fulfilled transactions, for which the to be purchased Crypto-Asset is subject to a higher Haircut than the to be sold Crypto-Asset, Bybit CASP may already apply the higher Haircut to your existing Crypto-Assets (Haircut loss).

      4. The total value (after Haircut) of the assets in your Unified Trading Account that may serve as Collateral is referred to as "Margin Balance".

      5. In general, you may customize which assets in your Unified Trading Account should serve as Collateral. Bybit CASP, however, may require that certain assets serve as Collateral, if these are held in your Unified Trading Account. Bybit CASP may restrict your ability to make customizations under certain conditions.

      6. Margin Rates will not be calculated on an isolated position or transaction basis, but your Unified Trading Account as such will serve as basis for the calculation of such ratios (see also Section 8).

7. Collateral

   1. Any Crypto-Assets in your Unified Trading Account, including your Initial Margin and Received Assets, may serve as Collateral to secure the repayment of the borrowed Margin Assets. Your Funding Account will never be used as Collateral. Additionally, you may declare that certain Crypto-Assets in your Unified Trading Account shall not be used as Collateral, subject to Section 6.5.5.

   2. Pledge Agreement. To receive Margin Assets, you are required to pledge a Collateral to Bybit CASP under this "Pledge Agreement". This Pledge Agreement shall secure the repayment of the borrowed Margin Assets and the payment of any fees accrued due to the borrowed Margin Assets.

   3. Pledged Assets. Under the Pledge Agreement you will pledge all your Eligible Crypto-Assets in your Unified Trading Account as Collateral subject to Section 6.5.5. 

   4. Ranking of Collateral. Under the Pledge Agreement, Bybit CASP ranks your Crypto-Assets part of the Collateral. You can find this ranking HERE. In case of an enforcement of the pledge, Bybit CASP may not realize the pledged Collateral as a whole but only to the extent necessary to cover its secured outstanding claims. Bybit CASP will realize the Collateral in the order based on the ranking of your Crypto-Assets according to this Section.

   5. One Agreement and Single Pledge. You will always only conclude a single Pledge Agreement and establish a single pledge over the Collateral. If you borrow Margin Assets multiple times, the initial Pledge Agreement shall be amended for the pledged Collateral to also secure Bybit CASP's claims related to the subsequently borrowed Margin Assets.

   6. No separate transfer. As Bybit CASP safekeeps your Crypto-Assets assigned to your Unified Trading Account, no additional act of transfer of the selected Collateral is required to successfully pledge the Collateral under the Pledge Agreement. The pledge is deemed perfected, as soon as you receive the borrowed Margin Assets. The pledge does not result in you omitting ownership over your Collateral.

   7. Change of Collateral. You may request Bybit CASP to release your Collateral from the Pledge Agreement by assigning the Collateral to your Funding Account, selling or withdrawing your Collateral. Your Collateral will not be released from the Pledge Agreement, if this resulted in you having insufficient Collateral assigned to your Unified Trading Account. Bybit CASP will determine this based on the current Maintenance Margin Rate of you Unified Trading Account. If new Crypto-Assets are assigned to your Unified Trading Account, these new, unencumbered Crypto-Assets are pledged as Collateral as part of your Unified Trading Account according to this Section 7. 

   8. Release of Collateral. Upon full repayment of the borrowed Margin Assets and any fees accrued due to the borrowed Margin Assets, Bybit CASP will release all of the remaining Collateral from the pledge. In case of a full repayment the Pledge Agreement shall be terminated. 

8. Margin Level

   1. Different key metrics are applied to determine the financial health of your Unified Trading Account ("Margin Rates"). Based on these Margin Rates, Bybit CASP may limit your ability to borrow additional Margin Assets or trigger the liquidation of (part of) your Collateral.

   2. Account-based Margin Rates. Margin Rates are calculated based on the corresponding value of your total Unified Trading Account subject to Section 6.5. Margin Rates are not calculated based on isolated positions or individual Margin Transactions.

   3. Initial Margin Rate. The "Initial Margin Rate" determines whether you are able to enter into further Margin Transactions and borrow additional Margin Assets. The Initial Margin Rate is a percentage calculated based on your total currently used Initial Assets for borrowed Margin Assets divided by your currently available Margin Balance. Depending on your current Initial Margin Rate, Bybit CASP may also restrict your ability to enter into any other transaction that negatively impact the Initial Margin Rate of your Unified Trading Account.

   4. Maintenance Margin Rate. The "Maintenance Margin Rate" determines whether you are required to repay the borrowed Margin Assets to Bybit CASP. The Maintenance Margin Rate is a percentage calculated based on the total currently required Collateral to maintain the borrowed Margin Assets divided by your currently available Margin Balance.

   5. The Margin Rates are calculated based on Bybit CASP’s internal pricing mechanisms which may differ from the prices shown as indicative on the Platform or as the market price on third party websites. 

9. Liquidation 

   1. Liquidation Margin. The "Liquidation Margin" is set at the value of the Maintenance Margin Rate of your Unified Trading Account reaching 100 %. 

   2. Liquidation. If the Maintenance Margin Rate of your Unified Trading Account reaches the Liquidation Margin, the repayment of the Margin Assets becomes due and payable and Bybit CASP may liquidate your Collateral in accordance with this Section 9. To ensure maintaining the financial health of your Unified Trading Account, all your submitted but not yet fulfilled orders, which cause additional liability or reduce the value of your Margin Balance (e.g. through a haircut loss), are cancelled.

   3. Limited Enforcement of Pledge. Bybit CASP will only enforce the pledge to the extent necessary to reduce the Maintenance Margin Rate of your Unified Trading Account to an acceptable level between 85 – 90 percent. Bybit CASP will only realize the whole Collateral, if the partial enforcement fails to reduce the Maintenance Margin Rate of your Unified Trading Account to the aforementioned acceptable level.

   4. Automatic Liquidation and Repayment. For the liquidation you entitle Bybit CASP to immediately realize the parts of the Collateral necessary according to Section 9.3 without requiring any further consent or action from you. The liquidation shall also ensure that your repayment obligation can be satisfied to reduce the Maintenance Margin Rate of your Unified Trading Account to the acceptable level pursuant to Section 9.3. This is to prevent any further potentially material and irreversible decline in the value of the Collateral that could result from any delay in enforcement and ultimately protect you from a further decline in value of your Collateral and your financial interest. 

   5. Bybit CASP may realize the Collateral by freely selling the Collateral on the market at its current price based on various price sources used to determine prices for listed Crypto-Assets on the Platform. Bybit CASP subsequently satisfies its repayment claim with the proceeds from such sales to reduce the Maintenance Margin Rate of your Unified Trading Account. Any surplus generated by such sales will be credited to your Unified Trading Account.   

   6. Any enforcement may be undertaken without the involvement of a court, without the need to obtain a judgment and without having to institute enforcement proceedings in accordance with the Austrian Enforcement Act (Exekutionsordnung).

   7. In case Bybit CASP is unable to enforce and realize the Collateral, you irrevocably instruct Bybit CASP, under the condition that the Liquidation Margin is reached, to sell (part of) the Collateral on the market at its current price based on various price sources used to determine prices for listed Crypto-Assets on the Platform. You further instruct Bybit CASP to repay the outstanding claims related to the borrowed Margin Assets. Bybit CASP is only instructed to sell the Collateral and repay borrowed Margin-Assets to the extent necessary to reduce the Maintenance Margin Rate of your Unified Trading Account to the acceptable level pursuant to Section 9.3. This in order to prevent any further deterioration or loss of value of the Collateral, which may impair your financial interests and in particular your ability to repay the owed Crypto-Assets to Bybit CASP. 

   8. User Liability. Any losses from liquidation are your responsibility and are borne by you. This includes, without limitations, losses due to rapid market movements that result in an insufficient collateral value. 

   9. No asset selection rights. You have no right to choose which Crypto-Assets from your Collateral are liquidated or sold in case of an automatic liquidation. Bybit CASP may determine the liquidation sequence based on the ranking according to Section 7.4, subject to commercially reasonable practice. 

   10. No obligation to pay an additional amount. The User is not subject to any obligation to provide additional assets beyond the value of the Collateral. In particular, no obligation for additional payment (keine Nachschusspflicht) shall arise, even in the event of insufficient collateralisation at the time of liquidation. 

   11. Liquidation Fee. A liquidation fee will be charged according to Section 13.

10. Margin Call and Position Management

    1. No Guaranteed Margin Call. If the Maintenance Margin Ratio of your Unified Trading Account reaches a certain level approaching but not reaching the Liquidation Margin, Bybit CASP will use its best efforts and may notify you via email, SMS or a Push notification that an additional Collateral must be assigned to your Unified Trading Account or else you are exposed to the risk of an immediate repayment obligation of (part of) the borrowed Margin Assets. Bybit CASP will also use its best efforts to inform you that a liquidation will happen if the Liquidation Margin is reached. This information is known as "Margin Call". 

Note: This is a voluntary service from Bybit CASP, but Bybit CASP is not obliged to inform you with a Margin Call. You are solely responsible for monitoring your Unified Trading Account and maintaining appropriate Margin Rates. Receiving a Margin Call does not guarantee that you will receive a Margin Call in the future. 

2. Position management. It is solely your obligation to manage your Unified Trading Account and the level of the Maintenance Margin Rate of your Unified Trading Account. Upon or following a Margin Call, or independently at any time, you can 

1. repay borrowed Margin Assets in accordance with Section 11, 

2. assign additional Crypto-Assets that can serve as Collateral to your Unified Trading Account, or

3. do nothing (and risk and accept an automatic liquidation).

11. Repayment

    1. No maximum borrowing period. There are no time limits on you borrowing Margin Assets, meaning that you may maintain the borrowed Margin Assets for an unlimited duration, as long as the Maintenance Margin Rate does not reach the Liquidation Margin. 

    2. Manual Repayment. You may at any time repay any borrowed Margin Assets, including any accrued fees, back to Bybit CASP. You can choose to pay back the Margin Asset by exchanging available Crypto-Assets in your Account into the Margin Asset and paying back that Margin Asset and settle the corresponding accrued fees ("Manual Repayment"). For such an exchange a fee is charged according to Section 13. 

    3. Automatic Off-Set. Crypto-Assets in your Unified Trading Account may be used to automatically off-set outstanding borrowed Margin Assets ("Automatic Off-Set"). The Automatic Off-Set is triggered immediately upon you receiving the same type of Crypto-Assets as outstanding borrowed Margin Assets in your Unified Trading Account. This may be due to a transfer of Crypto-Assets between your Funding Account and your Unified Trading Account, by the way of a deposit or through any other transaction carried out in your Unified Trading Account. These Crypto-Assets will be used to the extent available and necessary to repay the outstanding borrowed Margin Assets.

    4. Partial repayment of the Margin Assets is possible for the Automatic Off-Set of borrowed Margin Assets. In such case, fees have to be paid pro rata. Manual Repayment does not support the partial repayment of a specific Margin Asset.

12. Tax 

    1. Margin Transactions may trigger taxable events depending on your personal circumstances and applicable tax laws. These may include, in particular, the acquisition or disposal of Crypto-Assets, repayments of borrowed Margin Assets, or liquidations of Collateral.

    2. You are solely responsible for determining and fulfilling your individual tax obligations resulting from Margin Transactions. You should consult a tax advisor to assess any personal tax implications.

    3. Margin Transactions are currently not available to Users who are subject to unlimited tax liability in Austria. Therefore, no Austrian withholding tax obligations apply to such Users until further notice.

    4. Bybit CASP is only required to withhold taxes under Austrian tax law. If you are subject to unlimited tax liability in another jurisdiction, you remain solely responsible for complying with any applicable tax laws and fulfilling any local tax reporting or payment obligations.

    5. Any withholding of tax in Crypto-Assets may itself be deemed a taxable disposal under applicable tax law. You remain responsible for any further tax implications that result from the withholding process itself.

    6. For Austrian tax residents (once eligible), Bybit CASP applies the first-in-first-out (FIFO) method. You irrevocably authorize Bybit CASP to determine the order of consumption of your Crypto-Assets accordingly.

    7. Tax acquisition data provided for Margin Transactions is considered final and cannot be changed later. The submission of tax data may be required in cases of relocation or deposit of Crypto-Assets.

13. Fees 

    1. Bybit CASP will transparently display the prices and fees applicable on the Platform before a User can make a Margin Transaction. 

    2. All fees applicable for Margin Transactions can be found in the fee document that you can find HERE. The User especially incurs trading fees, daily fees for Margin-Assets and liquidation fees. 

14. Liability

The use of the Platform and Margin Transactions carry risks. A non-exhaustive list of these risks is set out in Annex I of the General Terms. Any liability of Bybit CASP under or in connection with these exchange services shall be limited in accordance with Section 20 of the General Terms.

Annex I - Definitions