Bybit

by Bybit Fintech Limited
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Cryptocurrency exchange with derivatives trading capabilities.

Bybit description

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. The exchange offers 111 trading pairs for trading. This is a p​ublication from site CryptoDeFix. 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

Bybit features

Exchanges

Forms of trade: Futures trading, Spot trading 1
Check out Transaction protection Protection of transactions from scam and other types of incorrect actions 1
No Currency converter Currency converter integrated into the exchange 0
No Listing Ability to place your own cryptoservices on the exchange 0
Cryptocurrency pairs: 124 0

Centralized exchanges (CEX)

Deposit methods: Bank card, Wire transfer 0
Trade types: Spot, Derivatives 0
Minimal fee: 0.05 0
Check out Cryptocurrency exchange 0
No Staking 0
No Lending 0
No Liquidity pools 0
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