Bybit
Briefly About the Exchange
Bybit stands prominently as one of the foremost trading platforms on the global stage, offering its clients a seamless trading experience. Renowned for its intuitive interface, sophisticated tools, and robust security, Bybit has become a go-to platform for new and experienced traders who look for a reliable trading environment. With a comprehensive suite of services, Bybit helps users navigate the dynamic crypto market with confidence and efficiency.
Founded in 2018, the exchange quickly became popular due to its intuitive interface, advanced trading tools, and robust security system. As of January 2024, its daily trading volume exceeds $4.5B.
Brief History
Bybit was created in 2018 by a group of finance and blockchain technology professionals. Since its creation, the exchange has been developing rapidly, attracting users from all over the world with its innovative solutions and trouble-free operation.
The Project Team
Bybit is developed by a team of highly qualified specialists in finance and technology. The CEO and co-founder Ben Zhou has broad experience in the financial industry and asset management.
Basic Tools
As a modern exchange, ByBit offers basic tools for trading and risk management:
- Ordinary spot trading
- API interface
- Futures
- Market analysis tools
- Margin
- Perpetual swaps
- Stop loss and take profit tools
- Complex order types
- Educational resources.
Availability in Different Countries
Following the existing restrictions, residents of some countries don’t have access to the exchange. That includes traders from the United States, mainland China, and other regions with strict cryptocurrency regulations.
Fee Structure
Bybit fee calculation takes into account the type of transaction and user activity level. Bybit’s commissions are lower compared with commissions on many other services. Bybit uses a multi-level fee system: non-VIP, VIP 1, VIP 2, VIP 3, Pro 1, Pro 2, and Pro 3. Non-VIPs are charged 0.10% (makers and takers) trading on the spot market. Takers are charged 0.06%, makers - 0.01% in perpetual and futures programs. Takers of the Pro 3 level in spot trading pay 0.02%, makers - 0%. 0.03% is charged from derivative trades for takers and 0% for makers.
Available Assets
The Bybit asset list includes top-tier coins, such as BTC, ETH, XRP, and EOS, as well as lesser-known tokens. The list exceeds 100 digital assets and 300 pairs for spot trading.
Is Leverage Available?
Bybit facilitates margin trading with leverage. In derivative trading, it may be up to 100X. Notably, the platform offers perpetual contracts for different asset pairs. BTC/USD, XRP/USD, and EOS/USD are just a few.
The exchange offers isolated and cross-margin types, so users are free to pick the most appropriate variant depending on how much risk they are ready to take. Users will also find the opportunity to participate in perpetual contracts (with no expiration date), trade options, and leveraged tokens.
Co-Founder & CEO at Bybit.com