Overview
Bybit is an advanced trading platform with 1,000+ cryptocurrencies, spot trading, crypto futures, copy trading and other advanced features with a great user interface. They have low 0.10% trading fees and over 86000000 users. Overall, it's one of the best platforms for advanced crypto traders.
Pros & Cons
What Is Bybit?
Bybit is a professional cryptocurrency exchange founded in 2018. They serve over 20 million users in 160+ countries and offer lots of advanced trading features.
On the platform, you will find 1,000+ tokens and a clean user interface. Bybit says the platform has 99.9% uptime and they can handle up to 100,000 transactions per second, making sure your trades are always filled
Deposit & Withdrawals
Bybit supports fiat trading pairs for EUR and BRZ. Most of the trading pairs are in USDT but you can still deposit many other currencies. However, the best way to fund your account is probably to deposit crypto from a fiat on-ramp.
Is Bybit Safe?
Yes, Bybit is considered a safe crypto exchange. They offer 2FA, hold crypto in cold storage, and have never had any hacks or incidents (founded in 2018). They also have over 20 million registered users who trust the platform.
Company Security Features
- Stores crypto offline on cold storage
- "All withdrawals undergo a strict confirmation procedure"
- 99.9% availability. Bybit says the platform handles 100k transactions per second
- Never had any hacks or incidents (founded in 2018)
- Insurance Fund
User Security Features
- 2FA (SMS, email or authenticator app)
- Setup trusted devices
- Anti-phishing codes for emails
- View login history for suspicious activity (IP address, date, time, etc)
