Launched in March 2018, Bybit is one of the fastest-growing cryptocurrency exchanges and has more than a million registered users. They strive to provide traders with a professional, intuitive, and innovative trading environment for trading a wide variety of digital assets, such as Bitcoin, Ethereum, Tether, Ripple, EOS, and more.
Bybit Review, Pros & Cons
- Web & mobile trading platforms
- A range of trading & learning tools
- 24/7 client support service
- No MetaTrader trading platforms
- Limited trading products
- No telephone support
In this detailed Bybit review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Bybit is a digital currency exchange that was formed with the aim of providing traders with the right platform and resources for trading several digital assets online. Traders benefit from a range of favorable trading features, including smart trading systems, market depth, TPS matching engine, HD cold wallet, and quality pricing system. There is a multilingual client support team available 24/7 to assist traders.
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.
The Exchange offers its services to residents from different parts of the world where the use of such services would not be contrary to local laws and regulations.
Some Bybit features and products mentioned within this Bybit review may not be available to traders from certain countries because of legal restrictions.
The Exchange provides traders with the Bybit trading platform, which is available as a WebTrader and a mobile app that is designed for Android and iOS devices. The mobile app can be downloaded from the respective app stores. The platform offers smart trading with no overloads and an advanced order system where traders can directly set T/P and S/L.
Bybit Trading Tools
In addition to the built-in tools of the Bybit trading platform, the Exchange also provides traders with some standalone trading tools, including Trade APIs and Charts powered by Tradeview.
The Exchange’s website has a good selection of educational resources that are geared towards improving the trading skills and knowledge of clients whilst keeping them updated on the latest happenings in the financial markets. These include guides, trading articles, announcements, news, and an FAQ section.
Bybit offers the following digital assets: Bitcoin, Ethereum, Tether, Ripple, EOS, and more.
Bybit Accounts & Fees
Traders are allowed to create a single live trading account. Multiple accounts are not allowed for a single user.
As broker fees can vary and change, there may be additional fees that are not listed in this Bybit review. It is imperative to ensure that you check and understand all of the latest information before you open a Bybit broker account for online trading.
The Exchange provides traders with a knowledgeable client support team that is available 24/7 and can be reached through email, support tickets, Live Chat, and social media.
Bybit Deposit & Withdrawal
The Exchange accepts any of the following payment methods:
- Electronic funds transfer
- Credit/Debit cards
- Cash deposits
Bybit Account Opening
To open an account, click on the ‘Register’ button and fill in the registration form. You can choose to sign up with an email or phone number.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Bybit is a digital asset exchange that offers several cryptocurrencies for online trading via web and mobile trading platforms whilst providing traders with some trading and learning tools, as well as a reliable customer support team. Traders also enjoy access to some favorable trading features, such as TPS matching engine, HD cold wallet, and quality pricing system.
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.