Established in March 2018, Bybit is one of the fastest growing cryptocurrency derivatives exchanges, with more than 1.6 million registered users.
Created by a team of qualified financial and consumer technology experts, Bybit takes pride in its one-click, highly flexible smart trading system backed by a 100K TPS Matching Engine capable of handling high volume trades. Bybit’s infrastructure includes state of the art pricing system, which combined with best-in-class market depth ensures all trades are executed with minimal price impact without unfair liquidation.
In addition to superior trading features, Bybit stands apart from the rest due to its customer-first approach. Since its inception, the platform has been receptive of feedback, suggestions and complaints from its userbase and promptly acted upon it as well. As a result, the platform has constantly evolved by combining some of the best features of traditional as well as crypto finance segments. Few recent developments including the addition of new crypto trading pairs, trading contracts and support for fiat onramp providers are the direct result of such practice.
Trading on Bybit
Bybit offers three different trading instruments with multiple trading products that cover leading cryptocurrencies like BTC, ETH, XRP, EOS, BCH, USDT, LTC and more. The platform with all its trading products can be readily accessed over any browser or on mobile devices using its native Android and iOS apps. It also offers API trading capabilities.
The derivative products available on Bybit are
- Inverse Perpetual Contracts (BTCUSD, ETHUSD, XRPUSD and EOSUSD)
- Linear Perpetual Contracts (BTCUSDT, ETHUSDT, BCHLINK, LINKUSDT, LTCUSDT, XTZUSDT, ADAUSDT, DOTUSDT and UNIUSDT)
- Inverse Futures Contracts (BTCUSD quarterly)
The platform is open for retail and institutional investors, offering up to 100x leverage while charging significantly lower fees than its counterparts. Getting started on Bybit is an easy process requiring users to submit and verify their email address or mobile number and set a password before they can deposit funds and start trading.
Bybit is a crypto-only platform that accepts BTC, ETH, XRP and EOS deposits. Those who are new to cryptocurrencies can use the fiat gateway provided by the platform to purchase BTC, ETH or USDT using any of the popular payment methods and fund their account.
Customer Support and Safety
Bybit implements best-in-class security and risk management systems to safeguard the interests of its customers. It uses HD Cold Wallets to store all funds and uses a stringent verification and approval process to execute any withdrawal request presented to the platform. In addition, as a safeguard against price manipulation, the platform uses Chainlink’s decentralized price reference data along with efficient ADL functions backed by an insurance fund.
Meanwhile, the customer support team at Bybit will be always available to help users in case of any account or trading related issues. Users can also access the platform’s comprehensive knowledgebase with tutorials and FAQs to understand various functions and troubleshoot most issues by themselves.
Attractive Contests and Affiliate Programs
Trading on Bybit comes with additional benefits in the form of regular contests and attractive affiliate & referral programs. The contests on Bybit range from trading challenges, bonus offerings to crypto and other giveaways that can be availed round the year.
Similarly, the affiliate and referral programs offer huge rewards to its community for onboarding new users. These rewards are much higher than the industry standards, which not only improves user engagement and retention but also helps the platform retain its position as the fastest growing crypto platform.
Is it worth it?
Bybit is one of the highly transparent and trustworthy crypto derivatives trading platforms out there in the market. It safeguards the users’ privacy, secures their funds, reduces risk and so on while making the whole trading process as convenient as possible.
Those who wish to start trading on Bybit can sign up at – https://www.bybit.com/