Friday, April 26, 2024

Bybit

by Hideo Nakamura

Bybit is a cryptocurrency trading platform that enables users to trade digital assets such as Bitcoin, Ethereum and other altcoins. It was founded in March 2018 by Ben Zhou and released its first beta version on May 18 of the same year. Bybit has since grown into one of the leading derivatives exchanges for digital assets, offering perpetual contracts with up to 100x leverage across 8 different coins including BTC/USD, ETH/USD and more.

The exchange offers a competitive maker-taker fee structure along with high liquidity (up to $1 billion daily) from various sources around the world. To ensure security for funds held on their platform, Bybit uses top-of-the line encryption technology together with cold wallet storage methods and advanced risk management systems. Furthermore they provide 24/7 customer support via email or live chat should any issues arise during trading activities.

For those looking to get started quickly there are two easy account creation options available: KYC registration or Non-KYC sign ups which allows traders to start instantly without needing additional identity verification steps (though this option limits withdrawals). Once logged in users can begin depositing funds via bank transfer or credit card payments before moving onto setting up API keys which enable automated trading through 3rd party solutions like Bitsgap or Cryptohopper.. Finally it’s worth noting that Bybit also gives customers access to mobile apps for iOS & Android devices so you can manage your trades no matter where you are!

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