Bybit is a cryptocurrency exchange that operates from Singapore. The Exchange was formed in 2018 and has been described as ‘one of the fastest-growing cryptocurrency exchanges’, with over a million registered users. They offer an easy way to trade several cryptocurrencies, including Bitcoin, Ethereum, Tether, Ripple, EOS, and more, using their proprietary trading platform. Traders also get to enjoy several advanced features, such as smart trading systems, market depth, TPS matching engine, HD cold wallet, and quality pricing system. There is also a selection of trading and learning tools for a better trading experience.
Bybit Review Introduction
In this Bybit review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including Bybit.
Bybit Platforms & Tools
The Exchange allows traders to buy and sell several cryptocurrencies using the Bybit trading platform, an in-house-developed trading platform. The platform offers a smart way to trade with an advanced order system that gives traders access to directly set their trading prices and selling prices. The Bybit trading platform is available in the web version, so it requires no downloads or installations. There is also a mobile app that is compatible with Android and iOS devices. The mobile app is great for traders who wish to place trades and check trading positions even while on the go.
Traders are also provided with some standalone trading tools, such as Trade APIs and Charts powered by Tradeview.
Bybit Research & Education
Educational resources are beneficial to all types of traders, especially amateur traders, as it helps to improve their trading knowledge, which is why the exchange provides a good selection of learning materials, such as guides, trading articles, announcements, an FAQ section, and a news section that keeps traders informed on the events in the markets.
Bybit Trading Accounts
The Exchange offers a single live trading account. It would be contrary to the Exchange’s terms and conditions to open multiple trading accounts for a single user. The minimum deposit required to operate an account is just $1.
Bybit Account Funding
Traders are allowed to deposit and withdraw funds to and from their trading accounts using any of the following payment methods:
- Credit/debit cards
- Cash deposits
Some payment methods may be unavailable in some countries. The time taken to process transactions is dependent on the payment provider or method.
Bybit Customer Service
The Exchange’s client support team is on hand 24/7 to give knowledgeable responses to traders’ general, technical, and account-related inquiries. They can be contacted via email, support tickets, Live Chat, and social media.
Bybit is operated by Bybit Fintech Limited, a company registered as a money services business with FINTRAC and has the registration number, M20624645. The firm is governed and construed in accordance with the British Virgin Islands law.
Bybit Review Summary
Bybit is a cryptocurrency exchange that offers access to the global digital currency markets via a proprietary trading platform that is available in web and mobile versions. Traders are provided with a selection of advanced trading tools and educational resources. They offer a client support team to assist traders. The Exchange charges a commission fee of 0.075% on trades, while a minimum deposit amount of just $1 is required to begin trading.
It is worth mentioning that some of the trading products and services in this Bybit review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Bybit broker website which you can visit by using the link below.
The trading of virtual currencies involves significant risk. Price fluctuations can occur which may increase or decrease the value of your assets at any given moment. Any currency whether virtual or not may be subject to large swings in value and may even become worthless. You should not risk an amount you cannot afford to lose.