Everything New Users Need to Know About the Bybit Exchange

The Bybit exchange is an outstanding platform that is well-known all around the world. It is a peer-to-peer crypto exchange that offers some of the best features and services to the users.

To make sure Bybit is according to what you are looking for, it is important that you take a look at the features it offers and then discern the suitability.

Therefore, if you are a new user of the exchange you need to know the details mentioned in this brief Bybit exchange review.

An Intro to the Bybit Exchange

Bybit is an impressive cryptocurrency exchange that was established in 2018. It was launched by Ben Zhou and is based in Singapore.

The features and services it offers to the users make it stand out all other platforms. It is also known to handle the largest transactions per second (TPS), which is 100,000 TPS.

The impressive collection of people working behind the exchange also make it an outstanding option for a vast audience. These are only some of the reasons the exchange caters the needs of more than 1.6 million users.

This brief Bybit exchange review sheds light on all major attributes of the platform, that can help new users in determining if it is a suitable exchange for you or not.

Fees Charged

The fee charged by a cryptocurrency exchange is one of the topmost factors you need to keep in mind before you start buying or trading crypto.

The Bybit exchange is known to charge one of the lowest fees that is also free of any kind of hidden or additional charges. Choosing a platform that charges a fair and transparent fee structure is crucial as some platforms include hidden charges that can put your budget out of balance and also put your safety in question.

However, if you are interested in Bybit then here are the details you need to know.

• Funding rate: -0.02% / 0.02%
• Trading fee for market makers: -0.025%
• Trading fee for market takers: 0.075%
• Bybit Withdrawal fee: 0.0005 BTC

Security of the Platform

The security of the platform is also one of the biggest points of concern that needs to be properly explored before you opt for any exchange. If you opt for a platform that prioritizes your security above all else then buying or trading crypto can be easier and less stressful for you. Even though it will not eliminate the risks you face, it will minimize them to a great extent.

Therefore, opting for a secure exchange is crucial and Bybit exchange is one such option that prioritizes the safety of user funds and information above all else. It also makes use of high-end security protocols that protect the platform from any kind of cyber threat or failure.

Data Analysis Tools

Another highlighting aspect of the exchange is that it offers some of the best trading tools and options for people. Here is a list of data analysis tools that are supported by the exchange are can also be downloaded by the users of the exchange.

Here are the tools for data analysis:

• Rolling volatility
• Monthly price range
• Daily realized volatility
• Price moving averages

Copy Trading Feature

The Bybit exchange is an incredible platform because it supports all kinds of crypto traders. Whether you are new to trading or have some prior experience, Bybit can help you have a good experience.

One of the ways the platform facilitates all types of traders is through its copy trading feature. There is a list of professional traders with good track record and portfolio on the platform. Through this feature, the new traders or people who do not have time to manually place a trade can choose a professional trader and then automatically copy their trades.

People who opt for copy trading will get the same benefits or losses as the professional trader they decide to copy.

User Experience

As mentioned above, the Bybit exchange is an incredible platform for every kind of trader, whether they are experienced or not.

The user experience of an exchange means how suitable the exchange is for a vast audience. Thanks to the features such as copy trading, the crypto traders using this platform can have a good user experience.

This is a crucial aspect to be mentioned in this brief yet informative Bybit exchange review.

Customer Support

The customer support of the Bybit exchange is one of its most highlighting aspects and selling points. Not many crypto platforms offer the same kind of customer support services.

The customer support agents are not only experienced but are also multilingual and are available to assist the users around-the-clock.

Final Takeaways!

The Bybit exchange is one of the best options for people who want to trade digital assets. It offers several outstanding features that make it an exceptional trading platform. To know more details of the trading platform, you should know the details mentioned above.