Hello, my name is Bybit exchange map
Bybit Exchange Review in 2023. Here are some advantages and downsides of Bybit exchange that you can refer to before you start trading on Bybit exchange.
Advantages
Simple: Bybit exchange is simple from the interface to during to join. They focus on providing leveraged trading of Crypto derivatives. Additionally to that, nothing better. This gives them time for develop products in order to supply the best buyer. Simple and intuitive interface. It s extremely easy for new traders to access business.
Security: Good security (using cold wallet), withdrawal review time is every 8 hours.
Speed: 100,000 transactions/second. (Bitmex : 500, Deribit : 10,000)
24/7 floor support team to ensure the fastest resolution of user issues.
Provide full API services for people that want unit 3rd party applications for transactions.
There are regular Trading Competitions programs to encourage traders.
There is definitely an Affiliate program specifically for everyone who to be able to earn Commission money.
The exchange does n't need KYC always be able to participate in trading.
Low transaction fees. Taker Fee is 0.0750%, Maker Fee is 0.0250%
Bybit exchange already includes user-friendly mobile app, for both iOS and Android.
The floor interface with the Website already supports Vietnamese.
Diverse order modes, smooth phone app, no lag like Bitmex, no conflict with ios like binance.
Defect
Trading products are not diverse. Maybe next time they include new trading pairs. I'm going to update everyone then.
Bybit exchange does don't have OTC shares.
There will not be exchange coin like some other derivative exchanges such as: Binance has BNB, FTX has FTT, MEXC has MEXC, EMX has EMX
The trading conditions at Bybit are usually good, that specialize in developing the system to give users extremely best experience will be the mission and mission until this exchange always mentions, offers also been proven by Bybit to potential clients. their own typically the market. Can make does have never a whole lot of participants like BitMEX, Binance, Bybit is still one of this exchanges in the neighborhood . considered always be reputable and highly confident.
If Bybit expands its traded products, it probably attract more investors. With all the above assessment, investors can completely be assured to open a trading account at Bybit, can cannot be described as main exchange, they can pick Bybit as being a good and safe optional.
Fees on Bybit
Transaction fee
CEO Ben Zhou as well as the development team have kept trading fees at all-time low level the particular crypto derivatives industry. Bybit charges taker 0.075% fee for all coins, maker will get 0.025% discount (ie are going to refunded when order is filled). Transaction fees at Bybit are relatively low in the market, but currently this exchange does not have fee incentives for investors who invest high volume.
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