Bybit

Bybit is a cryptocurrency exchange with spot trading, derivatives trading and staking capabilities. Bybit allows users to buy and sell cryptocurrency, receive rewards for holding cryptocurrency. The exchange can be used in a browser as well as on iOS and Android mobile devices. Bybit was launched in 2018.

To use the exchange, users need to register and make a deposit. For newcomers to Bybit there is an opportunity to open a demo account, which will help without spending money to get acquainted with the functionality of the exchange. This is a ​publication from site cryptodefix.com. The exchange offers 111 trading pairs for trading. Derivatives trading allows users to trade with a leverage up to 100x. There are also 5 perpetual derivatives contracts on Bybit. In addition to spot trading and derivatives trading, there are pooling, DeFi mining and stacking options on the exchange. Bybit’s fees are quite low - 0.025% for a maker and 0.075% for a taker.

Withdrawals to Bybit are made three times a day, every eight hours. The exchange has a fairly good security, all user funds are stored in cold storage. In case of hacking the exchange, the developers compensate all the losses of the user.

Specifics of bybit

• Trade derivatives with a leverage up to 100x
• Spot trading
• Participation in liquidity pools
• Staking
• Low fees