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Bybit crypto exchange reviews 2022 – The best exchange in the world

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Latest Bybit Crypto Exchange Review (2022), Is Bybit Cryptocurrency Exchange Safe? What products does Bybit cryptocurrency exchange offer? So what exactly is Bybit? Why is Bybit popular among the hundreds of cryptocurrency exchanges operating today?

And there are many other things that interest you, in this article, we will learn about this exchange.

What is ByBit Cryptocurrency Exchange?

Established in March 2018, Bybit is one of the fastest growing cryptocurrency derivatives exchanges, with more than 10 million registered users. Built on customer-centric values, Bybit endeavor to provide a professional, smart, intuitive and innovative trading experience for retail and professional clients around the world.

Bybit.com homepage attracts about 20 million to 40 million monthly visits with users from Korea, Japan, Russia, Ukraine, United Kingdom…

Bybit is committed to creating a fair, transparent and efficient trading environment, and offers 24/7 multi-language customer support to provide assistance in a timely manner.

Derivatives products are currently offered on the Bybit platform are inverse perpetual contracts (BTCUSD, ETHUSD, XRPUSD, EOSUSD), linear perpetual contracts (BTCUSDT, ETHUSDT, BCHLINK, LINKUSDT, LTCUSDT, XTZUSDT, ADAUSDT, DOTUSDT, UNIUSDT) and inverse futures contracts (BTCUSD) quarterly).

Bybit regularly ranks in the top 10 exchanges with the largest trading volume globally, as reported by Coinmarketcap.

bybit crypto exchange

Summary of Bybit

Websitehttps://www.bybit.com/
EstablishMarch 2018
Supported CountriesNorth America, Europe, Russia, Japan, South Korea, and Southeast Asia
HeadquartersSingapore
Customer Support24/7
Maker Fees0.01%
Taker Fees0.06%

See instructions on how to use Bybit exchange here.

Where is Bybit exchange headquartered?

Bybit is headquartered in Singapore and is currently registered in the British Virgin Islands. It has multiple offices in Hong Kong and Taiwan.

How does Bybit work?

As a cryptocurrency exchange, Bybit operates in the same way as any other exchange. The mechanism of action is as follows.

Bybit is operated with a number of initial markets and assets.

Bybit encourages users to trade on their platform. This can be done in various ways like (Advertising, Affiliate Marketing, Offer Program, …)

Bybit attracts many old and new users, thereby increasing the trading volume. As a result, Bybit gets more revenue.

Bybit increases in value and continues to attract more users and trading volume by introducing more markets and assets. Simple and repeatable.

Countries are restricted from using Bybit

Bybit exchange is available to the majority of countries in the world, with the exception of users in some excluded jurisdictions, including the United States, Mainland China, Singapore, Quebec (Canada), Ontario (Canada), North Korea, Cuba, Iran, Crimea, Sevastopol, Sudan, Syria, Donetsk and Luhansk.

Bybit crypto exchange reviews 2022

Bybit crypto exchange reviews 2022

Is Bybit Cryptocurrency Exchange Safe?

Rated as one of the best exchanges in the world, Bybit ensures transparency, safety and efficiency for users.

Countries currently have not shown their attitude to cryptocurrencies, so not only Bybit but other exchanges have not been able to reach most countries.

The good news is that almost anywhere in the world using Bybit is very easy, this is one of the high end efforts from Bybit.

Bybit crypto exchange Pros

  • Easy to make profit with many promotions, quality service, in fact you can make profit with only 10$ asset
  • One of the fastest growing cryptocurrency exchanges on the market. Support leverage up to 100x.
  • Competitive transaction fees. High liquidity.
  • The registration process is quick and simple. High security with multiple protection/insurance methods.
  • Leading trading engine with the ability to process up to 100,000 transactions per second.
  • Trading fees on Bybit cryptocurrency exchange are among the lowest fees compared to other exchanges.
  • Bybit is known as one of the three exchanges with the highest trading volume in crypto derivatives products.
  • Trading is supported by many order types such as limit orders, partial orders, conditional orders and market orders… this is the best support for traders.
  • KYC is not required for new users. It’s easy to start trading. High Bybit leverage, low transaction fees and market maker rebates.

Bybit crypto exchange – Cons

  • Spot trading is not as attractive as futures trading, there are only a limited number of spot markets.
  • Only 3 Fiat currencies (RUB, BRL, ARS) are supported for deposits.
  • Not available in the US

Main products of Bybit cryptocurrency exchange.

Bybit has many powerful products that help customers earn their profits.

  • Spot Trading: Buy & Sell on the Spot

The most basic function that every exchange must have. It is simply the direct buying and selling of different currencies, like BTC or ETH.

  • Margin Trading: Invest with borrowed funds to boost returns

Similar to Spot Trading. The only difference is that Margin Trading allows you to borrow more capital to leverage your position while Spot Trading does not.

  • Leveraged Tokens: Leverage Without the Risk of Liquidation
  • Trading Bot: Smart Trades Made Easy

Provide several trading strategies according to market changes, usually done automatically by bots, to generate profits.

  • Launchpad: Early Access to New Tokens

Allows users to access Token early with the cheapest purchase fee.

  • ByVotes: Vote for Your Favorite Listings

Access to early tokens is completely free.

  • Copy Trading: 

Make profits by copying strategies/trades from professional traders.

  • Bybit Savings: 

Earn passive income by depositing cryptocurrencies over a Fixed Term (a certain period of time) or Flexible Term (more diverse options), similar to earning savings via banks.

  • Dual Asset: 

A non-principal protected structured saving product with high yields, involving 2 different crypto tokens. The product has an optional callable feature designed to reduce the risk of the product in exchange for a lower yield.

  • Liquidity Mining: 

Provide liquidity to a pair of tokens on Bybit and earn yields through trading fees.

  • Launchpool: 

Stake and earn yields by temporarily locking up cryptocurrencies.

  • DeFi Mining: 

Earn yields by providing liquidity to Curve Finance (an AMM). Higher yields but higher risks.

  • NFT Marketplace: 

An NFT marketplace made originally by and for Bybit.

  • Charity: 

Donate cryptocurrencies to non-profit organizations.

  • Institutional Services: 

Sign up as an institution to receive special benefits.

Buy and sell Bitcoins

Buying and selling cryptocurrencies on Bybit can be done through Visa, Mastercard, Electronic Transfer or Bank Transfer and Bill Payment options. Bybit works in partnership with Banxa, Xanpool, MoonPay and Mercury to support payments through fiat currency.

In addition, you can buy and sell through P2P peer-to-peer trading, which is also very convenient.

Customer support

Bybit has a global 24/7 customer support team to answer the phone or a live chat function to solve any problems users have.

Bybit supports English, Chinese (Cantonese and Mandarin), Japanese, Korean, Russian, Spanish, and Vietnamese.

Security on cryptocurrency exchange Bybit

Bybit uses cold wallets instead of hot wallets like most other exchanges, helping to secure assets better, in addition, Bybit spends up to 20% of the annual budget to maintain the security functions of the platform compared to other exchanges. The industry average is 15%.

Withdrawals are requested via email, phone number and 2FA security. Bybit has strict policies regarding crypto-asset consolidation, including system security, physical environment security, operational validation, cryptographic techniques, monitoring, and auditing. It protects user data and personal information, in accordance with its privacy policy.

Bybit’s app

The mobile app is fully compatible with the most advanced Android and iOS systems and can be downloaded from the Google Play store.

Just like desktop usage, one can buy cryptocurrencies like Bitcoin, Ethereum and others through the app, by using credit card, debit card or bank transfer .

Bybit exchange fees

Transaction fees on Bybit are considered to be lower than the majority in the market, users can minimize fees by upgrading in VIP mode.

Bybit crypto exchange reviews 2022

The final review of the cryptocurrency exchange Bybit

Bybit is the leading reputable exchange today, with fast development speed thanks to advantages such as transaction fees, leverage, profitable products, and attractive incentives.

In addition, Bybit’s security and support is also very good, as a real user on Bybit, I personally appreciate the profitability of users when joining Bybit.

The Bybit cryptocurrency exchange is suitable even for novices, and professional users.

Instructions to make money on Bybit cryptocurrency exchange

Frequently asked questions about Bybit cryptocurrency exchange.

Is Bybit safe?

Yes, bybit is a safe and reputable exchange, widely used globally.

Is Bybit easy to use?

Yes, Bybit is easy to use even if you are a newbie.

Can you make easy profit on ByBit?

Yes, with many quality services, the profitability on Bybit is limitless.

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