Founded by Ben Zhou in 2018, Bybit is one of the best cryptocurrency platforms in the world. It is one of the most well-known peer-to-peer (P2P) crypto exchange. It is based in Singapore and since its establishment it has seen immense growth and success all over the world.
This exchange is one of a vast number of platforms that are available in the crypto market for trading crypto. Each exchange offers various features and services that may not be suitable or ideal for all users. This is why, every crypto investor or trader needs to be careful while choosing an exchange and should opt for one that is according to their trading requirements and criteria.
There are several attributes of the Bybit exchange that make it stand out among the rest. However, as a new crypto trader you need to take a look at the features offered by the platform to ensure that the platform offers what you are looking for.
Bybit is Ideal for Beginners
This crypto exchange has made its mark in the crypto market, thanks to several outstanding features it offers. This is an advanced crypto exchange that is capable of handling the most transactions without interruptions or delays as compared to its competition. The transactions per second (TPS) handled by the exchange is 100,000 TPS.
Other than this, the user interface of the platform plays a key role in making the platform more prominent. As a new crypto trader or investor, you should always look for an exchange that has a simple and straightforward interface and makes it easier for you to navigate through options.
As compared to other platforms, this exchange is user-friendlier and easy to navigate. This makes it a remarkable option for a vast audience, which includes beginners and professional traders alike.
Security of the Exchange
The level of security offered by an exchange is one of the most crucial attributes you need to explore before you choose the platform. Choosing an exchange that prioritizes your security means that you will be able to buy, sell or trade crypto with minimum inconveniences and security risks.
Due to the vastness and volatility of the crypto space, you are likely to face some security threats. Therefore, to make the experience of buying or trading crypto less risky, it is important that you opt for a platform that ensures the utmost comfort and security of the users.
Bybit is one of the safest cryptocurrency exchanges in the market, thanks to the availability of top-of-the-line safety systems.
Mobile application supported by a trading platform can offer more convenience to the crypto traders, especially those who want to trade while on the go. The Bybit exchange offers one such application that is available for both Android and iOS users. The functionality of the applications closely resembles that of the desktop version and features order management and advanced charting.
The traders can also select the features that work for them and easily keep an eye on their open positions if they do not have access to a desktop.
Impeccable Customer Support
The customer support services offered by Bybit is yet another major selling point of the exchange. This is one of the most prominent features why a vast audience is interested in using the platform for trading crypto assets.
The customer service agents are professionals and have enough knowledge that is used to assist the users in case of any concerns or queries. The customer support agents are available to assist the users around-the-clock and are easily accessible.
Fee Structure of the Exchange
The fee charged by an exchange is one of the most crucial aspects you need to consider and analyze before choosing the platform. As a crypto investor or trader you will be required to pay a fee, regardless of the exchange you choose. Some exchanges charge a low and transparent fee, while other platforms charge a high fee that also include hidden or additional charges. Therefore, you need to be careful regarding the type of exchange you choose and make sure you opt for one that charges a low and transparent fee.
Bybit is one such platform that offers a good fee structure to the users. It grabs the attention of more and more traders, especially those who are new to the crypto space.
Therefore, if you are interested in using this exchange then you should take a look at the details of Bybit fees mentioned below.
- -0.025% trading fee for market makers
- 0.075% trading fee for market takers
- 0.02% / -0.02% funding rate
- 0.0005 BTC withdrawal fee
Trading crypto assets can be easier and less intimidating if you choose a crypto exchange that is according to your needs or criteria. Bybit is one of the exchanges that offers some of the best features to the users. If you are interested in trading crypto you should know the details mentioned above.