Bybit Overview – Cryptocurrency Derivatives Trading Platform

Bybit Overview - Cryptocurrency Derivatives Trading Platform

Bybit Overview – Cryptocurrency Derivatives Trading Platform

About Bybit Platform

Bybit is a cryptocurrency derivatives trading platform established in March 2018 and registered in the British Virgin Islands. It is headquartered in Singapore. Bybit has users from all over the world including North America, Europe, Russia, Japan, South Korea and Southeast Asia, and are focused on serving everyone from individual retail clients to professional derivatives traders.

The Bybit team is comprised of experts in blockchain technology and finance. R&D team has experts that hail from BAT and risk management team is comprised of Morgan Stanley alums.

Basic Information

Platform name: Bybit

Official website: https://www.bybit.com

Foundation year: 2018

Owner: Bybit Fintech Limited

Trading products: Exchange P2P and Perpetual non-expiry futures trading products. Currently offering 4 swaps: BTC/USD, ETH/USD, EOS/USD and XRP/USD.

Max leverage: 100x

Deposit options: Bitcoin (BTC) and cryptocurrencies

Withdrawal options: Bitcoin (BTC) and cryptocurrencies

Trading platform: Web; Android and iOS App

Bybit Products

ByBit currently specialises in leveraged trading and perpetual contracts, and allows traders to take up both long and short positions in a select number of cryptocurrencies.

Bybit offers 4 leveraged trading pairs: BTC/USD, ETH/USD, EOS/USD and XRP/USD on its platform

  • BTC/USD with 100x leverage
  • ETH/USD with 50x leverage
  • EOS/USD with 50x leverage
  • XRP/USD with 50x leverage

Main Features And Advantages

100% privacy – no more lengthy KYC approvals

Highest leverage: Up to 100x leverage

Low trading fee: 0.075% for taker and -0.025% for maker

Modern technology: Modern sophisticated platform suitable for the professional trader as well as the new trader. Multiple order types including Limit, Stop Loss, and Take Profit. Bybit’s order matching engine is allegedly capable of up to 100,000 TPS (Transactions Per Second) which is incredibly impressive and a great future for anyone interested in leveraged trading. Powerful charting software, TradingView integration and ultra fast trade executions courtesy of superior technology with top-tier liquidity sources.

Bybit Chart

Leading Security And Safety: Bybit operates a secure cold storage of digital assets with Multi signature technology. 2FA (provided by Google Auth) to ensure account security and prevent any unauthorised access to user’s account. Bybit website has full SSL encryption. User’s passwords and address information will be encrypted. Also in order to manage the risk posed by shortfalls in futures contract settlement, Bybit operates their “insurance fund”, this fund will be used in the case that a trader gets liquidated at level that is below their “bankruptcy price”.

Conclusion

If You are looking for a user friendly cryptocurrency derivatives trading platform with strong technology, quality security, leading leverage, reasonable fees and a relatively intuitive user interface, You could try Bybit platform now.

Bybit Overview – Cryptocurrency Derivatives Trading Platform – By Cryptokiemtien
Learn More Other Crypto Exchange Platforms
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