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Bybit Review

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Very good

Revainrating 4.5 out of 5  
Rating 
4.3
Crypto Exchanges

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Description of Bybit

What Is Bybit? Bybit is a cryptocurrency centralized exchange (CEX) that offers a professional platform featuring an ultra-fast matching engine, quality customer service and multilingual community support for crypto traders of all levels. Established in March 2018, Bybit currently serves more than 10 million users and institutions offering access to over 100 assets and contracts across Spot and crypto derivatives like Futures and Options, launchpad projects, earn products, an NFT Marketplace and more. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka. The platform offers the following products: Spot, Derivatives (USDT perpetuals, USDC perps, inverse perps, futures, USDC options, leveraged tokens), NFT marketplace, Bybit Earn, Buy Crypto and Options. Who Are the Bybit Founders? It was established by founder and CEO Ben Zhou. After graduating from The University of Pennsylvania, Zhou returned to China and worked for 7 years at XM, one of the largest forex brokerage companies in China. In 2018, he co-founded the crypto derivatives exchange Bybit. When Did Bybit Launch? Bybit was launched in March 2018. Where Is Bybit Located? The company is registered in the British Virgin Islands as Bybit Fintech Limited, and is headquartered in Singapore with offices in Hong Kong and Taiwan. Bybit Restricted Countries The global platform is available to customers worldwide, except for countries with service restrictions such as the U.S, Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, Mainland China. What Coins Are Supported on Bybit? Bybit has over 100 crypto tokens listed and over 300 spot trading pairs, including major coins like: BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT and more. How Much Are Bybit Fees? Bybit charges a tiered fee structure based on a maker-taker model. Tier levels include: non-VIP, VIP 1, VIP 2, VIP 3, Pro 1, Pro 2 and Pro 3. For non-VIP level users, maker and taker fees are 0.10% for spot trading, and 0.06% (taker) and 0.01% (maker) fee for perpetual and futures trading. For Pro 3, spot trading fees are 0.02% (taker) and 0% (maker), and derivatives trading fees are 0.03% (taker) and 0% (maker). Is It Possible To Use Leverage or Margin Trading on Bybit? The exchange also offers trading with up to 100X leverage on crypto derivatives products. Available products include BTC/USD, ETH/USD, XRP/USD, EOS/USD, and more perpetual contracts. Users can use isolated margin and cross margin as well. Customers have access to Inverse perpetuals, crypto futures, crypto options and leveraged tokens.
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Reviews

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Type of review

Revainrating 4 out of 5

Bybit appears to be an attractive exchange

Bybit is a P2P password forex futures trade primarily based in Singapore. The alternate is operated with the aid of Bybit Fintech Limited, a organization registered in the British Virgin Islands. The trade is open to most merchants round the world, and the internet site has been translated into English, Simplified Chinese, and Traditional Chinese, Korean, Japanese, and extra lately Russian. However, there are some jurisdictions that they do now not implement, which includes the United State

Pros
  • Advanced Technology
  • Bonuses
Cons
  • some limitations

Because of the first change I saw in a long time, when I started Cryptography, I wanted to evaluate Bybit trading. In fact, I've been believing it since the first day I used the change. From the softest consumer interface design to the lowest trading fees and the highest level, I don’t see any reason to use this change anymore. ByBit’s important shopping interface can be proud of its clean and human-friendly design. The color selection allows for the location of the historical past with a…

Pros
  • An effective platform that provides improved balance.
  • The interface is easy to use and recognize.
  • Rates are available.
Cons
  • No KYC.
  • Altcoin is small.

Revainrating 3 out of 5

ByBit, especially for experienced traders

Choosing the right exchange to trade cryptocurrencies is an important task and there are several issues to consider before doing so, such as the features of the platform, the graphical interface, the currency pairs they offer to trade, the commissions, their security and customer support, among others. ByBit is a P2P cryptocurrency futures exchange based in Singapore. The exchange operates under Bybit Fintech Limited, which is a company registered in the British Virgin Islands.…

Pros
  • Bybit offers one of the fastest matching engines in the industry with up to 100,000 TPS
  • Bybit applies the hierarchical deterministic cold wallet system that stores all assets and all withdrawals are processed manually up to 3 times a day.
  • Bybit's customer support always responds to customer requests and issues in a timely manner.
  • Clients can use the native currencies of each pair (not only BTC, but also ETH, XRP and EOS) as margin with up to 100x leverage.
Cons
  • ByBit allows you to buy BTC, ETH and USDT directly on its platform from the Buy Crypto tab, but personally I don't recommend it as the selling price, including commissions, is higher than what you can get on other exchanges.

Revainrating 4 out of 5

One of the well know derivatives exchange

When I was looking for some place where I would try little bit of gambling via derivatives market (esp. perpetual) and high leverage I have found out Bybit which is quite well known (now there is advertisement around each corner of internet). The Bybit recently alongside derivatives market open also spot market and added a lot of new features such as earning (staking / saving) on lot of assets (some are quite unique). I was really galvanized by their massive promotion and free bonuses which you

Pros
  • spot and derivatives
  • earning on assets
  • promotions
  • trading competitions
  • liquidity, fees , derivatives
Cons
  • too much advertisement

Revainrating 5 out of 5

Bybit intimidates its rivals

Bybit is a cryptocurrency exchange that is traded on a USD base, allowing you to trade BTC futures as well as three other cryptocurrencies. You can get live support 24 hours a day. You can do leverage transactions in Bybit. You can trade with a full 100 times leverage. The most important issue in crypto money transactions is security. ByBit system uses SSL encryption system to protect against hackers. They also use a special security system to detect phishing attacks. Bybit offers you…

Pros
  • Leveraged operations up to 100 times without overload barrier
  • Liquid level is high
  • Transactions made are very fast
  • The systems it uses are legal
  • They are constantly working to improve themselves
Cons
  • They haven't gotten where they deserve yet

Revainrating 4 out of 5

Bybit - an analogue of Bitcoin?

The design of the site, the same colors, popular coins - all this is very reminiscent of the well-known Bitcoin exchange. It would seem - they copied, stole the idea and colors? Perhaps so, but still the difference is visible and you can safely distinguish between these two projects in terms of functionality and fullness. We will talk about another cryptocurrency exchange - Bybit. This is a fairly popular exchange, which is used in 49 countries (even the layout of the site is presented in a…

Pros
  • Quick and easy
  • Low fees
  • Safe and reliable operation
  • Operational user support
  • Help from traders, great site functionality
  • There is an anonymity option
  • High level of liquidity
Cons
  • Few coins and, accordingly, trading pairs
  • No spot trading

Revainrating 5 out of 5

Bybit - The absolute standard of what a crypto exchange should be

Bybit is one of those exchanges that don't offer a huge variety of different products and options. In fact, originally, they only offered Bitcoin leveraged derivatives trading and nothing else. You're probably thinking, well, what makes them so special then? First of all, sometimes simplicity provides for the most optimal user experience. Bybit is an exchange largely focused on daytraders and swing traders, but is available to all and can be a great device for even beginners if they have a…

Pros
  • Simple and straightforward
  • Leveraged Financial Freedom
  • High Liquidity
  • One-Click Trading
  • Many Bonus Offerings and Promotions
  • BONUS: Chat room (no other exchange offers this as far as I have seen)
Cons
  • Website freezes up sometimes, but the phone app has NEVER failed me
  • No small altcoins (but this is also a pro)
  • Funding fees can get very high (but this is common on most derivatives exchanges during times of high volatility)

Revainrating 4 out of 5

Bybit exchange over delivers to it's users

One of the reasons I like trading on Bybit exchange is because it looks just like Binance both in appearance and in performance. It has lots of features in common with Binance one of it was the graphic interface and layout, it has some black and yellow designs but for someone who is used to the Binance exchange I was able to spot some difference almost immediately. The exchange offers trading service like the spot trading and derivative trading with different types of trading orders to help…

Pros
  • It looks like Binance in so many ways
  • The trading fees are cheaper
  • The exchange gives affiliate commission
Cons
  • The coins listed are not as much as those on Binance

Revainrating 4 out of 5

My review about the project Bybit!!!

Hello my friends! Bybit Exchange is a cryptocurrency derivatives trading platform established in 2018. The crypto exchange offers perpetual contracts with top cryptocurrencies on favorable terms (including leveraged trading) and provides fast execution speed, it is a popular peer-to-peer (P2P) Bitcoin and cryptocurrency futures exchange based in Singapore, the exchange is a centralized platform. History The Baybit crypto exchange was established in March 2018. The founding team consists of

Pros
  • Global trading platform: 1.2 million + users from all over the world
  • Specialization in perpetual contracts
  • Experienced team of industry professionals and experts
  • Multilingual interface: 5 languages, including Russian
  • High speed of placing and settling orders: 100,000 transactions per second
  • Mobile application for iOS and Android
  • Higher liquidity than competitors
Cons
  • Limited list of assets for trading: only 5 trading pairs
  • No spot trading
  • Lack of discounts on Taker trading commissions

For a long time, I had to do a survey on Bybit handheld trading, as this is my first support trade, so I've been using it at any time since I started cryptography. I have always believed in using it from the first day I used it. From the very unique User Interface plan to the low exchange rates and the amazingly undeniable level of impact offered, I don’t see any reason to not use this trade over and over again. ByBit's important exchange interface can be legally compliant with a clean and…

Pros
  • Bybit uses a hierarchical cold wallet system that holds all assets, and all costs are handled 3 times a day.
Cons
  • The replacement platform seems to me to be everything

Through hard work and dedication, ByBit has established itself as a reliable platform for trading crypto-based derivatives. A comprehensive trading platform, good leverage trading support, and related sophisticated mechanisms to help it operate more smoothly, a fantastic interface, and superior security options are among its strong features. The primary trading interface of ByBit may justifiably be proud of its clean and user-friendly design. The color choice aids the layout design, with the…

Pros
  • It is a powerful platform that delivers enhanced stability.
  • The interface is easy to use and understand.
  • Fees are reasonable.
Cons
  • Beginner traders may be overwhelmed by advanced functionality.

While choosing a trade stage for exchanging cryptocurrencies,one can't however pay special mind to charges, the trade's Security Framework, how much is it client driven? These and more I plan to investigate surveying Bybit trade. Bybit is a quick raising computerized resource subsidiary, dispatched in Walk 2018, it serves above and beyond 1,000,000 clients world Its fundamental drive is clients fulfillment thus its arrangement of expert, responsive and imaginative exchanging experience

Pros
  • Admittance to incite data about technique and request change.
  • Multi-lingual Help Administration that is accessible nonstop.
  • You can utilize the versatile form, both Android and iPhone.
  • Advanced resources are kept in cool wallet stockpiling, that is multi-signature agreeable.
  • Exceptionally Quick APIs,that has been demonstrated to be over-burden evidence.
Cons
  • None for the present.

Revainrating 5 out of 5

Bybit

Picking the correct trade for cryptographic money exchanging is a significant issue and there are various issues to consider prior to doing as such, for example, stage highlights, graphical interface, cash sets for exchanging, commissions, security, security and client care. portrays cryptography as the primary trade I have utilized since I initially began. I have accepted and accepted since the primary day I utilized a trade. From the plan of the UI to the low exchanging charges and the most…

Pros
  • Amazing organizing engine. Successful security structure. Their application is accessible on iOS and Android.
Cons
  • I did not meet their needs

Revainrating 5 out of 5

The best Derivatives trading platform

For a long time now, I have been wanting to write the review on the Bybit derivatives exchange as it symbolises as my first derivative exchange in which I have ever used since my initial initiation into the cryptoverse. I got persuaded and convinced about using his exchange since my very first day of using it. From the very sleek User Interface design, to The low trading fees and the extremely high level in leverage being offered, I see no reason why not to use this exchange over and over…

Pros
  • Bybit exchange as a derivatives trading platform offer 100x leverage on contract
  • They offer very low trading fees of around 0.075%
  • KYC is not made a requirement to trade, withdraw or deposit thereby allowing for anonymity
  • Provide grounds for exchanging coins for another like a spot exchange by integrating with third-party services
  • The exchange has a very sleek UI design for both its mobile app and website
  • Two Factor authentication and extra security features are being placed in store for every account
Cons
  • Two-factor authentication made me lose access to my account with some funds in it. Recovering it requires KYC

Revainrating 5 out of 5

Bybit is one of the best exchange digital currency platform

Bybit was launched in March 2018, approximately 3 years ago. It was located on British Vigin Island. It has more than 1 million registered users. It was insured under mutual insurance. This protect their customers from any market fluctuations. It protects customers incase of any losses or decline in profits. Most crypto currency investors today prefer to carry out their trade on mobile devices because, you always have it with you and you trade anywhere and where you are as long as the…

Pros
  • It can be used on mobile devices such as Android and iOS
  • It us a user friendly
  • It had a referral incentive and other affiliate programs to income
  • It is highly secured
  • It has a fair trading and withdrawal fee
  • Known your customers does not neede because it is anonymous
  • 24/7 customer support services
Cons
  • Kudos to team behind this exchange platform. They need to keep up thier good work to makes it more effective and efficient

Revainrating 5 out of 5

The ByBit Exchange Platform Has So Many Enticing Features

Exchange platform seems to be among the areas in the blockchain network I love reviewing. This is because I find reviewing it interesting and using their services even more interesting. The exchange platforms seems to be easier to review and straightforward because using an exchange platform is as easy as one can think of it to be. I've been reviewing many exchanges for a while now and have numerous accounts with many different exchanges, some of which I actively trade with while others, I…

Pros
  • The exchange platform has their mobile applications available for both Android and iPhone operating systems
  • They charge a very competitive fee for trading, as they charge the taker 0.075% and the makers gets back 0.025% while they keep 0.05%
  • They have a very great transaction speed,capable of executing up to a thousand transactions in a second
  • They also have a very simple and beautiful user interface
  • The exchange platform allows margin trading
Cons
  • The exchange platform looks all good to me

When selecting an exchange platform for trading cryptocurrencies,one cannot but look out for fees, the exchange's Security System, to what degree is it customer centric? These and more I intend to explore reviewing Bybit exchange. Bybit is a fast raising digital asset derivative, launched in March 2018, it serves well over a million users world Its main drive is users satisfaction hence its provision of professional, responsive and innovative trading experience that is fair, efficient and open…

Pros
  • Access to prompt information about strategy and order adjustment.
  • Multi-lingual Support Service that is available round the clock.
  • You can use the mobile version, both Android and iPhone.
  • Digital assets are kept in cold wallet storage, that is multi-signature compliant.
  • Very Fast APIs,that has been proven to be overload proof.
Cons
  • None for now.

Revainrating 4 out of 5

GOOD SERVICES BUT FEW COINS

Bybit is a virtual exchange that trade only very few coins,but the ease at which traders get to buy and sell their assets on the exchange due to its readily available number of trading partners makes the exchange's trading liquidity colossal. The exchange has two registration option,you can either register using your active phone number or e-mail,I tried registering with my phone number several times but it wasn't working but when I registered with my e-mail account I got my confirmation code

Pros
  • Fast and quick execution speed
  • Top notch security
  • Fast and free registration
  • Sleek and attractive graphic design
Cons
  • No KYC
  • Few altcoin available
  • The phone number registration wasn't working

Revainrating 4 out of 5

A popular crypto exchange platform: Bybit

Hello everyone, ladies and gentlemen, today I will share with you my review about the Bybit crypto exchange platform, which is a crypto exchange platform from crypto exchange platforms. I have been using the Bybit crypto exchange platform for about 5 weeks and I am writing this review to convey my knowledge and experience to you. Good reads to all in advance. I am very happy to use the Bybit crypto exchange platform and that is why I am writing this review. The Bybit crypto…

Pros
  • They offer a 2-factor authentication system for security.
  • It has a nice and nice design as a website design.
  • It is a crypto exchange platform that can accept deposits and withdrawals with fiat currencies.
  • It is a crypto exchange platform that has been booming recently.
Cons
  • no

Revainrating 4 out of 5

Probably one of the best exchanges.

It gives a straightforward, reliable, and effective trading platform. It does offer 100x leverage on their contracts. From a security perspective view it quite possibly the main device that they have included is two-factor validation. They are very much situated to offer an option to the crypto derivatives market. It seems to have pretty progressed request usefulness on the platform. This is extraordinary as it permits you to modify your entry levels as well as permits you to deal with your

Pros
  • The interface is altogether adjustable.
  • It supports fiat gateway.
  • Strong order coordinating engine.
  • Impressive security structure.
  • Their application is accessible on iOS and Android.
  • Top-notch customer support including live chat functionality.
Cons
  • Not much to mention, but it would be nice to have some more currencies.