Bybit (Crypto Derivatives Exchange)
Bybit
- BTC/USDT Perpetual Contract
- BTC, ETH, XRP, EOS & USDT Deposits & Withdrawls
- Anonumous Sign Up, No KYC
- State of the Art Safety and Security
- Fast Order Execution
- Low Trading Fees
- Deep Liquidity
Details
| Broker | Bybit |
|---|---|
| Website URL | https://www.bybit.com/ |
| Founded | 2018 |
| Headquarters | Singapore |
| Languages | English, Japanese, Chinese, Korean, Russian |
| Bonus | No KYC Trading |
| Leverage | Up to 100:1 |
| Free Demo Account |  |
| Account Types | BTC, ETH, XRP, EOS, |
| Deposit Methods | BTC, ETH, XRP, EOS, ERC20 USDT, Omni USDT |
| Withdrawal Methods | BTC, ETH, XRP, EOS, ERC20 USDT |
| Number of Assets | 5 |
| Types of Assets | BTC/USD, ETH/USD, EOS/USD, XRP/USD, BTC/USDT |
| Trading Currency | BTC |
| Account Currency | BTC |
| US Traders Allowed | |
| Mobile Trading |
 |
| Tablet Trading |
|
| Overall Score | 85 |
Pros
- Anonumous Cryptobroker
- Very Reliable Trading Exchange
- State of the Art Safety and Security
- Fast Order Execution
- Low Trading Fees
Cons
- No Forex, Stocks, Commodities Trading
- Only 5 trading Instruments
Bybit is a cryptocurrency derivatives exchange, which means that you can deposit only cryptocurrencies.
The exchange offers numerous 100x leverage perpetual contracts, 10x the industry speed, one of the best market liquidity depth in the industry, and 24/7 live Customer Support
Bybit is a P2P cryptocurrency futures-platform. Its main headquarters are in Singapore. The parent company is Bybit Fintech Limited, registered in the British Virgin Islands. They have a team of experts in blockchain technology and finance, their members come from Morgan Stanley, Tencent, etc.
Bybit has around 100 employees. It is a relatively new company, launched in March 2018.
Bybit’s main motto is the offering of perpetual crypto derivative contracts in regards to Bitcoin, Ethereum and Ripple.
Creating an account in Bybit
There two ways to register an account in Bybit:
- Email Registration: You just use an email and a password
- Mobile Phone Registration: You add a contry code, a mobile phone nymber and a password
Either way you select to register a trading account in Bybit, you have full access to all features and functionalities of Bybit Trading Platform.
In Bybit, you do not have to verify your ID (Name, Home address, National ID Card, Driving License, Credit card number etc), although in terms and conditions the company that has the right to ask such kind of information.
ByBit Deposit and withdrawals
In Bybit you cannot deposit with fiat currencies such as USD, EUR etc.
Specifically, a trader in Bybit can deposit Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS and USDT.
There are no minimum deposit requirements, but there are minimum withdrawal requirements.
Withdrawals are manually executed three times a day and there is also a cut-off time for withdrawals which is 30 minutes before the withdrawal processing time that the trader schedules. You will be able to see your withdrawals in your wallet 1 to 2 hours after you have made them.
The minimum withdrawals requirements are:
- Eos: 0.2EOS
- XRP: 20XRP
- ETH: 0.02ETH
- BTC: 0.002BTC
Furthermore there is a withdrawal fee you have to pay every time you withdraw money, and this fee is 0.0005 BTC.
Bybit Trading Platform & Leveraged Assets
Bybit offers to traders its own custom made online platform, combined with Bybit trading App for mobile and Tablets.
The leverage in Bybit will depend on the value of the derivative that you want to use for trading. You have to remember that leverage trading is risky and you have to be careful when using it.
In transactions involving ETH, EOS and XRP leverage of 50x maximum is offered. BTC/USD offers higher leverage, up to 1:100
Trading pairs and their leverage:
| Perpetual Contract | Leverage |
| BTC/USD | 1:100 |
| ETH/USD | 1:50 |
| XRP/USD | 1:50 |
| EOS/USD | 1:50 |
In Bybit you can also make different types of orders, such as standard market orders with which you can process transactions once you have pressed the button at the current market rate.
There are also limited orders that give you the opportunity to select the price you want your order to run at. And from any of these types of orders, you can “Buy / Long” or “Sell / Short”.
Bybit Supported countries
Bybit is available to inhabitants of the following countries: United Kingdom, Germany, France, Australia, China, Japan, India, Portugal, Norway, Canada, Italy, Spain, Brazil, Sweden, Ukraine, Ireland, Romania, Poland, Belgium, Netherlands, Austria, Switzerland, Peru and Argentina.
Referral, Affiliate & Sub Affiliate program
Bybit offers to the trader a referral program.
This program works like that: Each new member who joins the platform through the trader’s reference, the trader will receive the Bitcoin equivalent of 10 USD.
Another important fact is that the user you recommend must deposit at least 0.02 BTC.
Bybit offers an average affiliate program, with commissions up to 30%. They claim that up to today they have paid their affiliates more than 200 BTC.
Conclusion
Bybit is an anonymous high leverage (up to 100x) crypto-trading broker offering only five crypto – pairs, two of them inluce Bitcoin (BTC/USD and BTC/USDT). Their innovative platform is easy to use and will satisfy both newbie and experienced traders.
Deposit with your Bitcoin and start crypotrading in a quality cryptoderivatives Exchange such us Bybit.
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