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Investors and traders have a variety of options when it comes to trading cryptocurrencies. In addition to simply investing in cryptocurrencies, professional traders can also invest in cryptocurrency derivatives. A well-known cryptocurrency derivatives trading platform is BybitThis article is all about Bybit Review 2022 and whether Bybit is a good exchange. Let’s take a closer look.
| Founded in | 2018 |
| FIAT CURRENCY SUPPORTED | over 20 |
| Minimum deposit amount | 0 |
| mobile app | Android and iOS |
| customer support | 24/7 |
Bybit is one of the fastest growing cryptocurrency exchanges. The exchange started operations in March 2018 and already he has over 10 million users. Once registered, you can start trading perpetual contracts. There are various cryptocurrency trading pairs against the US dollar.
Bybit thrives on its easy-to-use platform and high-leverage product that can reach 100x. The platform is available in 160+ countries and 16+ languages.
Bybit Pros:
- No KYC is required for new users.
- Starting to trade is easy.
- There are also mobile app alternatives for logging in and trading.
- Bybit has very high leverage, attractive transaction fees and market maker refunds.
- It is one of the exchanges with the highest trading volume of crypto derivatives.
- Limit orders, partial orders, conditional orders, and market orders are all possible order types.
- There are guarantees from insurance funds that mitigate and cover losses.
Bybit Cons:
- The number of possible trading pairs is limited.
- Not available to US citizens.
How does Bybit work?
Bybit is not your typical cryptocurrency exchange and has several features that set it apart from competing platforms. The first of these features is the method of conducting transactions. Bybit’s main pillars are:
- Unparalleled customer support and dedicated live agents are available 24/7.
- 99.99% functionality, no server downtime.
- Leading blockchain custodial solution
- Available in 160+ countries and 16+ languages
- The world’s most extensive USDC options marketplace
- Leading global open interest in BTC and ETH derivative contracts.
- 100k TPS matching engine
What are the features of Bybit Exchange?
- P2P trading: Bybit P2P is a simple and secure peer-to-peer trading platform. Essentially, he can buy or sell the shares of two users at a mutually agreed ideal price. Please note that buying and selling transactions on P2P pages are not provided by Bybit.
- VIP program: VIP Tiers are passed on to Derivatives, Spot, USDC Perpetual, and USDC Options trading.
- 0 commission on all spot pairs and more: This user can enjoy both Spot Maker and Taker and Grid Bot trading with zero commission.
- derivatives: This user can upgrade their trades with USDT, perpetual, reverse futures, etc.
- NFT Marketplace: Bybit NFT Marketplace is for listing and trading NFTs. The NFTs delivered cover digital art, collectibles, GameFi, the Metaverse, and more.
- Earn Bybit: It includes various features such as Savings, liquidity mining, dual assets, shark fins, launch pools.
Bybit currently offers trading plans or alternatives for Bitcoin, EOS, Ethereum, and Ripple XRP Inverse Perpetual Contracts, USDT Perpetual Contracts, and Reverse Contracts.
What fiat currencies does Bybit support?
- ARS
- Australian dollar
- policeman
- EGP
- Euro
- GHS
- Hong Kong dollar
- IDRMore
- INR
- JPY
- KES
- KGS
- KZTMore
- MXNMore
- MYR
- NGNs
- PHP
- PKR
- Rub
- Taiwan dollar
- UAH
- VND
- THBMore
- try
- UZS
- USD
Cryptocurrencies available on Bybit
Bybit supports over 100 crypto tokens and over 300 spot trading pairs, including important tokens such as BTC, ETH, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT.
Bybit Review: Is Bybit Safe?
Bybit has been on the market for over 4 years, so I can’t help but recognize this achievement. He has been in business for two years and knows what he’s doing.
Additionally, the exchange stores client cryptocurrencies offline in cold storage wallets. This means that hackers and attackers cannot digitally access your funds. The company also verifies each withdrawal request to avoid hackers making money transfers on behalf of real customers.
What are Bybit fees?
Bybit has a low-cost commission structure that is attractive to traders. The recently introduced VIP program will overhaul existing trading commission rates for both spot and derivatives markets, allowing traders to avail only of his VIP or Bybit loyalty program benefits. Learn more about the different pricing structures here.
The breakdown is as follows.
Vibit fee
Bybit P2P does not charge transaction fees for both buyers and sellers. However, depending on the payment method chosen, traders may be required to pay a transaction fee to their payment provider.
How do I create an account and buy cryptocurrencies on Bybit?
create an account
Bybit is a cryptocurrency exchange platform that offers futures trading and is one of the largest exchanges by trading volume. Registering on Bybit is relatively easy as the platform has developed an easy-to-use interface.
When you go to Bybit’s official website, you will be taken directly to the registration window. There are two options here, email registration and mobile registration, choose whichever you need. Fill in the required fields and[サインアップ]Just click After signing up, you will receive a confirmation email or SMS with a verification code that you will need to enter to complete your registration. If there’s a problem with your code, you can wait a bit and request another one.
Once that is done, your account will be fully verified and ready to start using Bybit. To further protect your account, you can enable SMS Authenticator or Google Authenticator.
Here is a step-by-step guide to buying coins with fiat currency on Bybit using credit/debit card payment. We currently accept payments by Visa and Mastercard.
How to buy
step 1: in the top left corner of the navigation bar[仮想通貨の購入]->[ワンクリック購入]Click to access the one-click purchase page.
step 2: If this is your first time paying with a credit/debit card, please link your card first.
Step3: Then select the fiat currency you want to pay with. Then select the coins you would like to receive in your funding account. Then enter the purchase price. Optionally, you can enter the transaction amount in fiat or coin amounts.
step 4: then select the credit/debit card you added and click[ユーロで購入]Choose.
step 5: Your transaction is complete.
Keep in mind that Bybit has many other options.
Conclusion
Bybit is secure, reliable and transparentIts numerous trading opportunities, leveraged trading, security against loss, payment choices, commission system, promotions, and excellent client support ensure it offers all the parcels crypto traders are looking for. is one of cryptocurrency exchange.
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