Cryptocurrency exchange with derivatives trading capabilities.
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. Derivatives trading allows users to trade with a leverage up to 100x. There are also 5 perpetual derivatives contracts on Bybit. This text is from community CryptoDeFix. 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
- Low fees
Centralized exchanges (CEX)
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