Bybit offers spot and derivative trading, offering 100x leverage on BTC/USD and ETH/USD. Founded in March 2018, Bybit has a team of experienced professionals from various industries. It is based in the British Virgin Islands and has over two million users. Its fee structure is very attractive, with spot and derivative trading fees of just 0.1% and 0.06%, respectively. The platform also offers a discount for frequent traders.
Bybit Vs Bitmex!
Bybit also offers rebates to market makers, which reduces the trading fee. These rebates are credited to your account when you fund your orders. The amount of the rebate depends on the trading fee rate. However, the rebate will not affect your initial margin of the order. To calculate the trading fee charged by Bybit, simply multiply the number of filled orders by the number of trading fees. Are you ready to click here for more information on bybit fees?
Bybit has a great affiliate program with a $60 welcome bonus. Once you sign up as an affiliate, you can earn up to 30% of your sub-affiliate’s trading commissions. Moreover, you can get customized marketing materials. Another great feature is the fact that Bybit offers real-time settlement of commissions.
If you’re a U.S. resident looking to buy or sell crypto assets, you’ll have a much better experience with Bybit. The platform has a powerful trading interface with advanced options. It can process up to 100,000 trades per second and is fully secure. It also offers round-the-clock customer support in multiple languages. Overall, Bybit is a great alternative to BitMEX.
Is Bybit Broker Legit Or Not?
If you’re thinking of opening an account with a cryptocurrency exchange such as Bybit, you should know that its customer support team is available round the clock. The team speaks English, Chinese, Japanese, Korean, and Russian, and can be contacted by phone or live chat. The company also uses two-factor authentication for added security. In addition, Bybit stores only small amounts of your funds in hot wallets.
Before you can open an account with Bybit, you should register first. To do this, visit the Bybit website and register using your email address or mobile number. After registering, you will receive an email with a verification code. You should enter the code within five minutes to activate your account. Actually, is bybit legit or not?
One of the most important factors in evaluating a broker is how easy it is to deposit and withdraw funds. Bybit only accepts bitcoin (BTC) as deposits. This makes it difficult for new investors to trade on the exchange. A better option for new traders is to sign up with an exchange that accepts fiat currencies.
Another factor to consider is ByBit’s referral program. The company offers a $10 bonus for new traders who sign up through its referral program. To qualify, a new user must make a BTCUSD inverse perpetual or futures contract trade. The bonus is valid for 21 days, and the user will be notified seven days before it expires.