CoinzPress
  • Credit Cards
    • Best Credit Cards 2023
    • Best Rewards Credit Cards
    • Best Cash Back Credit Cards
  • Banking
    How to Save Discord Servers from Hackers

    Ways You Can Save Your Discord Servers from Hackers

    Ethereum Mining Rig

    Ethereum Mining Rig: The Best Ethereum Mining Hardware

    Google in Web3 and Blockchain Technology

    Google is Taking An Interest in Web3 and Blockchain Technology

    Binance

    Binance to Launch Santos FC Fan Token on Its Launchpool

    New Solutions for Cross-Chain Problems

    New Solutions for Cross-Chain Problems

    Blockchain Gaming

    Will The Blockchain Gaming Revolutionise The Future of Video Games?

    Trending Tags

    • Loans
      Tesla sell their bitcoin

      Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

      Bitcoin-Faucets

      Highest Paying Bitcoin Faucets: How to Choose the Right One?

      lightning-network

      Lightning Network: Everything You Need To Know

      What Can You Buy with Bitcoins

      What Can You Buy with Bitcoins?

      Nasdaq’s Record Breaking

      Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

      Voyager Digital USDC Linked Debit Card

      Voyager Digital Launches USDC Linked Debit Card Linked

      Trending Tags

      • Investing
      • Insurance
      • Stock Market
        • US Markets
        • ASX shares
        • Indian Markets
      • Cryptocurrency
        • Price Prediction
        • DeFi
        • NFT
        • Metaverse
        • Trading
        • Crypto Exchanges
        • Crypto Wallet
        • Brokers
        • Gaming
        • Earning Sites
      • Sections
        • Reviews
        • Beginner Guide
        • How To
      No Result
      View All Result
      • Credit Cards
        • Best Credit Cards 2023
        • Best Rewards Credit Cards
        • Best Cash Back Credit Cards
      • Banking
        How to Save Discord Servers from Hackers

        Ways You Can Save Your Discord Servers from Hackers

        Ethereum Mining Rig

        Ethereum Mining Rig: The Best Ethereum Mining Hardware

        Google in Web3 and Blockchain Technology

        Google is Taking An Interest in Web3 and Blockchain Technology

        Binance

        Binance to Launch Santos FC Fan Token on Its Launchpool

        New Solutions for Cross-Chain Problems

        New Solutions for Cross-Chain Problems

        Blockchain Gaming

        Will The Blockchain Gaming Revolutionise The Future of Video Games?

        Trending Tags

        • Loans
          Tesla sell their bitcoin

          Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

          Bitcoin-Faucets

          Highest Paying Bitcoin Faucets: How to Choose the Right One?

          lightning-network

          Lightning Network: Everything You Need To Know

          What Can You Buy with Bitcoins

          What Can You Buy with Bitcoins?

          Nasdaq’s Record Breaking

          Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

          Voyager Digital USDC Linked Debit Card

          Voyager Digital Launches USDC Linked Debit Card Linked

          Trending Tags

          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To
          No Result
          View All Result
          CoinzPress
          No Result
          View All Result
          Home Reviews Crypto Exchanges

          Bybit Crypto Exchange Review: Is it Safe to Use?

          Coinz Press by Coinz Press
          August 8, 2022
          in Crypto Exchanges
          Bybit Trading

          credit: Coinmarketcap

          Bybit exchange is slowly becoming popular among the cryptocurrency trading community. For those who do not know, Bybit is a Peer to Peer cryptocurrency derivatives exchange. In fact, it is an emerging platform. However, it aims to become one of the well-established platforms in the ever-growing crypto margin/leverage trading sector. Bybit appeared in 2018. Therefore, it is a relatively new entry into the crypto trading scene. However, even within such a short time, it has started to make a name for itself.

          In fact, it has already accumulated new users at an impressive rate. Therefore, Bybit exchange has already become popular among crypto traders. On Bybit, you can trade leveraged margin in a select range of crypto products and digital assets from around the world. You can trade digital assets like BTC, ETH, EOS, and XRP using up to 100x leverage.

          Moreover, it does not require its users to go through strict KYC verification. With its headquarters in Singapore, Bybit generates daily trading worth around $1B. It features a solid security protocol, cutting-edge technology, and an active customer support service. In fact, it has already emerged as a strong rival for leading derivatives trading service providers. If you wish you 

          The Brain Behind Bybit Exchange

          Ben Zhou founded Bybit back in 2018. Before creating Bybit exchange, Ben worked as XM’s China District General Manager for seven years. In fact, in the world of brokering services, XM is a leading name. Interestingly the core team of Bybit comes from the Forex industry and investment banking.

          Singapore houses the headquarter of Bybit, registered in the British Virgin Islands. It has branch offices in Taiwan and Hong Kong. The original name of the company was Bybit Fintech Limited. However, we do not know its incorporation details and registration details. The headquarter is located at  6 Shenton Way, #12-11/11A, Singapore, Singapore 068809, SG. 

          If you visit the company’s website, you will also find the LinkedIn page. In fact, Bybit exchange boasts of some other prominent members like Latica Qiu apart from Ben Zhou. Latica has experience working for XM. The company has many members who have illustrious experience working for some big names like Tencent, Ping’an Bank,  Morgan Stanley, and  Nuoya Fortune. The LinkedIn page of the company also contains links to the LinkedIn profiles of many of its prominent employees. Therefore, it is easy for anyone to go through the member profiles in detail. 

          Major Features

          Major Features 
          credit: punicaweb

          We have already seen that Bybit, as typical P2P crypto to crypto derivatives trading platform, enables users from across the globe to trade using leverage up to 100x. However, the US is excluded from the list of the allowed nations. Bybit exchange provides the users with a number of interesting features which make trading efficient and responsive.

          The platform features a dedicated customer support service, with a live chat feature and a Grey release feature. This later feature ensures “on-the-go” maintenance of the platform. This, in turn, results in reduced downtime. The pricing mechanism used by this platform ensures fair and transparent trading. The platform also integrates with TradingView and can be used from both iOS and Android mobile apps. Some other features of Bybit exchange include:

          • 100,000 TPS per contract, with no overloads.
          • Cold Wallet Storage/Manual Withdrawals supporting three manual withdrawals daily.
          • 1 Click Coin Swaps, enabling easy and speedy cryptocurrency swaps.
          • Up to 100x leverage, which has increased profit potential. 
          • No KYC verification for users.
          • Unlimited Withdrawals.

          What is more interesting is that the contracts have no set expiry dates. Moreover, as a derivatives trading platform, Bybit does not carry out any physical transfers of Bitcoin between buyers and sellers.

          Also read: Uphold Review: Is Uphold Safe

          Types of Account and Limits

          All the features mentioned above are available to all the users after they open accounts on Bybit. Moreover, they can trade in perpetual crypto derivative contracts in Ethereum, Bitcoin, EOS, and Ripple in relation to USD. The leveraged trading pairs supported by Bybit are:

          • EOS/USD: 1:50
          • BTC/USD: 1:100
          • XRP/USD: 1:50
          • ETH/USD: 1:50

          In fact, Bybit is one of the easier crypto-to-crypto trading platforms. You will need only your email id to open an account. You can also register your phone number, which requires you to fill up your country name, phone number, and password.

          Opening an Account on Bybit Crypto Exchange

          Follow the following steps to open an account for Bybit exchange:

          • Tap on the “Register” tab at the top right of the page.
          • Enter either your Email Id or your phone number and fill in the necessary details.
          • A unique verification code number will be sent to your registered Email Id. Use it to access your account.

          Your account will be ready to use. Now, you can visit the “Account & Security” settings to set your username. After setting up your account, you may start depositing by clicking on “Assets/My Assets.”

          Currencies Supported on Bybit

          We already know that at the moment, Bybit exchange supports a few digital currencies like ETH, XRP, BTC, and USDT. However, the platform does not support any flat currency at the moment. However, you can display the funds in the following currencies:

          • USD
          • GBP
          • EUR
          • CAD
          • AUD
          • CNY
          • KRW
          • CHF
          • JPY
          • HKD

          Bybit Exchange: The Supported Countries

          Bybit Trading: The Supported Countries
          credit: crypto itunes

          You can access Bybit if you are a resident of the following countries:

          • France
          • Canada
          • UK
          • Australia
          • Germany
          • Italy
          • Spain
          • Brazil
          • China
          • Japan
          • India
          • Portugal
          • Norway
          • Sweden
          • Netherlands
          • Austria
          • Switzerland
          • Peru
          • Argentina
          • Ukraine
          • Ireland
          • Romania
          • Poland
          • Germany

          Concluding Line

          Bybit does not have any minimum deposit limits. However, there are minimum withdrawal limits set for currencies:

          • BTC – 0.002BTC
          • EOS – 0.2EOS
          • XRP – 20XRP
          • ETH – 0.02ETH

          Moreover, Bybit does not charge any deposit or withdrawal fees, although a miner’s fee applies to all transfers. However, Bybit trading is not suited for beginners. The platform is also really secured. Therefore, it is only a matter of time for Bybit exchange to emerge as one of the top contenders in the crypto world.

          Also read: Everything You Must Know About The Top Solana Projects Of 2022

          Share76Tweet47

          Related Posts

          Ford Stock Forecast

          Ford Stock Forecast 2022, 2023, 2025, 2030, 2040, 2050

          November 7, 2022
          DHHF ETF Review: Is DHHF A Good Investment?

          DHHF ETF Review: Is DHHF A Good Investment?

          November 7, 2022
          Five Best ASX Lithium Stocks To Invest In 2022

          Five Best ASX Lithium Stocks To Invest In 2022

          November 7, 2022
          Infosys Share Price Target 2022 To 2050

          Infosys Share Price Target 2022 To 2050

          November 7, 2022
          Why Is MRF Share Price So Expensive?

          Why Is MRF Share Price So Expensive?

          November 7, 2022
          Best Uranium Stocks ASX To Buy In 2022

          Best Uranium Stocks ASX To Buy In 2022

          October 27, 2022
          ADVERTISEMENT

          CoinzPress is one of the leading cryptocurrency news services that cover the latest crypto-related news. The news includes a technical analysis of a wide range of digital currencies as well as forecasts for those electronic currencies. Here at CoinzPress , we aim to enlighten anyone having an interest in the world of cryptocurrency with significant information that could keep them informed.

          So, in short, we cover a range of announcements related to a variety of Alt-coins, digital coins, and any significant news that could create an impact on the trading world and economy.

          • News & Updates
            • Cryptocurrency
            • DeFi
            • NFT
            • Metaverse
            • Press Releases
            • Sponsored
          • Sections
            • How To
            • Technology
            • Investing
            • Stock Market
            • Loans
            • Credit Cards
            • US Markets
            • Brokers
            • Gaming Sites
            • Indian Markets
          • Company
            • About Us
            • Advertising
            • Press Release
            • Contact Us
            • Terms of Uses
            • Privacy Policy
            • Sitemap
          • About
          • Contact Us

          © 2022 Coinz Press

          No Result
          View All Result
          • Credit Cards
            • Best Credit Cards 2023
            • Best Rewards Credit Cards
            • Best Cash Back Credit Cards
          • Banking
          • Loans
          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To

          © 2022 Coinz Press