Bybit has emerged as a leading alternative in the cryptocurrency exchange space, offering robust trading features, competitive fees, and a user-friendly interface. This comprehensive guide explores its origins, account setup, deposit methods, security measures, user reviews, and more.
What is Bybit?
Bybit is a top-tier cryptocurrency exchange, ranking 3rd on CoinGecko's exchange list as of April 2023. Launched in 2018, it combines tools from traditional and crypto markets, including spot trading, futures contracts, and copy trading.
How to Register on Bybit
- Visit Bybit’s official website.
- Enter your email and password, then click “Get My Welcome Gifts.”
- Verify your email via the confirmation code.
- Complete KYC by submitting ID and a selfie.
👉 Start trading on Bybit today!
How to Deposit Funds
Bybit supports:
- Crypto deposits (BTC, ETH, etc.).
- Fiat deposits (PLN, USD, etc.) via bank transfers, credit cards, or Revolut.
Steps:
- Log in, navigate to Assets > Deposit.
- Select currency type and follow on-screen instructions.
Key Features of Bybit
1. Copy Trading
- Mirror trades of expert traders.
2. NFT Marketplace
- Buy/sell global NFTs.
3. Bybit Earn
- Staking, liquidity mining, and savings tools.
4. Launchpad
- Early access to new crypto projects.
What Sets Bybit Apart?
- Cold Wallet Storage: 95% funds offline.
- 100 TPS Trading Engine: Minimal downtime.
- Dual-Price Mechanism: Prevents unfair liquidations.
- Real-Time API Updates: Every 20ms.
Fee Structure
| Tier | Maker Fee | Taker Fee |
|---------------|-----------|-----------|
| Standard | 0.025% | 0.075% |
| VIP (BIT holders) | Reduced fees |
Market makers can earn rebates up to 0.015%.
Is Bybit Safe?
- No hacks since inception.
- Three daily withdrawal limit to deter hackers.
- Mandatory KYC (since April 2023).
Bybit User Reviews
Pros:
- Low fees, multiple trading pairs, PLN support.
- Suitable for beginners and pros.
Cons:
- No Polish language option.
FAQ
1. Is Bybit a safe exchange?
Yes, with robust security protocols.
2. What are Bybit’s fees?
Makers: 0.025%; Takers: 0.075%.
3. Does Bybit support fiat deposits?
Yes, including PLN and USD.
4. Is copy trading available?
Yes, via Bybit’s copy trading feature.
5. Does Bybit have a mobile app?
Yes, for Android and iOS.
Final Thoughts: Bybit excels in security, features, and accessibility, making it a top choice for crypto traders.