One of the biggest decentralized platforms for crypto trading – Bybit – is suitable both for newbies and experienced traders. Among standard features, regular for any crypto exchange, the exchange offers multi assets leverage and real-time data analysis. If you want to learn more, please go by the link.
Bybit offers a wide range of buy-sell opportunities, such as spot, copy, derivatives, margin trading, and trading bot.
Security & reliability
The security system of Bybit is pretty good. It uses a 2FA algorithm and regularly provides reliabile data through market surveillance systems and price limiters. Customer support and feedback are also satisfied, so in the case of any kind of security problem, users can access comprehensive help within a short period.
Pros and cons
One important drawback of Bybit noted by users is that it’s still not available in the United States. Other points are:
- intuitive interface;
- up to x100 leverage;
- a huge number of crypto and fiat currencies;
- low fees;
- instant transactions;
- a mobile app;
- customizable order sizes;
- wide analytics tools;
- extended in-built search option;
- high liquidity.
- fiat currencies are for trading only;
- taker/maker commission inequality (0.2% vs. 0%, relatively).
With the Bybit Earn solution users can earn rewards through staking and yield farming processes. This is a great feature for traders who don’t want or can’t spend much time online.
Peer-to-Peer (P2P) trading
A profitable and popular feature on Bybit. With it, users can trade on the one-to-one model, without the need to share a profit with third parties or brokers. They can trade directly with each other.
NFT buy-sell options are another great feature of the platform. Users can trade unique art, music, gaming, programming, and other blockchain-related assets.
Bonuses and rewards
Along with a referral program that provides a 50% profit per invited trader, Bybit offers a bonus system that allows earning up to 90$ per invited new user.
Up to 30% benefit per transaction users can earn with an affiliate program and get additional discounts with Last Offer Programs help as well.
Rewards Hub give users an opportunity to earn fast through sharing content on their social media channels or passing short surveys.
Accounts types and payment methods
On the exchange, users can create 3 types of accounts:
- With a daily limit of ≤ 20,000 USDT, and monthly of ≤ 100,000 USDT – KYC 0;
- With a daily Limit of ≤ 1,000,000 USDT, and no monthly limit – KYC 1;
- With a daily Limit of ≤ 2,000,000 USDT, and no monthly limit – KYC 2.
Bybit is nearly a leader in a number of payment methods. It offers more than 300 options, including bank cards, cash payments, crypto deposits, a “one-click buy” feature, and third-party services.