Bybit Review & Free Signal for Beginners 2024
Minimum deposit
- $1
Trading platform
- Proprietary platform
- TradingView
Regulation
- BVI
Foundation date
- 2018
Bybit is a rapidly growing cryptocurrency derivatives exchange known for its user-centric approach, advanced trading features, and commitment to security. Since its launch in 2018, Bybit has become a preferred platform for traders seeking high liquidity and competitive pricing. The platform offers a range of trading options, including perpetual contracts with leverage, enabling traders to maximize their potential returns. Bybit’s intuitive interface and comprehensive suite of tools make it accessible to both novice and experienced traders, ensuring a seamless trading experience.
What sets Bybit apart is its dedication to innovation and customer satisfaction. The platform employs state-of-the-art security measures, including cold wallet storage and two-factor authentication, to safeguard users’ assets. Bybit also provides 24/7 multilingual customer support and a wealth of educational resources, including webinars and tutorials, to help traders stay informed and make confident decisions. With its robust infrastructure, user-friendly design, and strong focus on security and support, Bybit continues to stand out as a leading choice for cryptocurrency traders around the globe.
Advantages of trading with Bybit:
- It has a convenient, intuitive proprietary trading platform that is presented in the browser version, which eliminates conflicts with the operating system and braking when sending orders;
- Integration with TradingView allows users to simplify crypto market analysis and trading via a single platform;
- Combination of futures and perpetual contracts trading;
- There is an order book that allows you to assess the depth of the market and current trading volumes;
- It has a minimum entry threshold. The cost of a BTC/USD futures contract is USD 1;
- It is possible to open long and short positions with subsequent mutual recalculation.
Disadvantages of Bybit:
- It has conditions for trading futures that are difficult for beginners, such as the formula for calculating the leverage, the terminology of the funding size and the premium index, funding rates, etc.;
- Lacks a mechanism to protect the interests of traders in the event of controversial issues;
- The mechanism of classic cryptocurrency trading is almost undeveloped. Only USDT, ВТС, and ЕТН are available for purchase.
Bybit Summary 2024
💻 Trading platform:
- Proprietary platform, TradingView
📊 Accounts:
- Demo, common account for all types of futures
💰 Account currency:
- Cryptocurrencies
💵 Replenishment / Withdrawal:
- Replenishment: Visa / Mastercard through a fiat gateway. Conclusion - cryptocurrencies, p2p
🚀 Minimum deposit:
- $1
⚖️ Leverage:
- Up to 1:100
💼 PAMM-accounts:
- No
📈️ Min Order:
- 0
💱 Commission:
- USD 1
🔧 Instruments:
- BTC/USD, ETH/USD, XRP/USD, EOS/USD and BTC/USDT, USDT pairs — ETH/USDT, LINK/USDT, LTC/USDT, XTZ/USDT
💹 Margin Call / Stop Out:
- NO
🏛 Liquidity provider:
- No
📱 Mobile trading:
- Yes
➕ Affiliate program:
- Yes
📋 Orders execution:
- Market, limit, conditional
⭐ Trading features:
- Derivatives trading, copy trading
🎁 Contests and bonuses:
- Yes
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Bybit’s trading conditions are transparent, understandable, and do not have multilevel differentiation depending on the trading volume. The mobile app offers users the option of accessing the trading platform at any time and from anywhere. The exchange has created Bybit Launchpad, a platform designed to help connect new crypto projects and interested users to potential projects. ByBit API provides interfaces for users and developers.
Bybit Free Trading Signals
How to get free Bybit trading signals?
- Create a Bybit account through our website link.
- After registration send us your user ID.
- If you confirm correct registration through our link you will get lifetime free trading signals.
Inehub Expert Advice for Bybit
Bybit is a relatively young cryptocurrency exchange that has relied on a little-known and comprehensible product—cryptocurrency derivatives. And it does a great job of competing with larger sites. The Bybit presents a VIP program, the participants of which receive priority access to the crypto exchange support service chat for prompt issue resolution.
The secret of Bybit’s success is simplicity and technology. At first glance, the trading rules seem confusing, but in fact, it is enough to understand the terminology here and everything will immediately fall into place. Bybit provides its clients with the opportunity to delete accounts independently.
The Bybit trading platform is proprietary with elements of technical and graphical TradingView analysis. The minimum deposit in the crypto exchange starts from 1 US dollar. There are too few trading assets, only four main ones. But they are presented in several variations—inverse, perpetual, and inverse perpetual. The difference between them is in the expiration date and the model of pegging to the spot price of the asset. Its mutual insurance is formed from the profits of the participants in the model, which is based on the principle of the “American option”.
In the event of a sharp drop in quotations, the loss or part of the loss is reimbursed. US customers can study the ByBit USA Review. UK customers can study the ByBit UK Review. South African customers can check out ByBit South Africa.
Bybit is gradually expanding the arsenal of tools and technological capabilities of the platform. Since its inception, the exchange has responsibly fulfilled its obligations. The crypto exchange is suitable for both a professional traders and a beginners. And here it is worth noting that the support service resolves most issues quickly and correctly as possible. This is confirmed by customer reviews. Bybit has been a partner of Traders Union for more than a year and is included in the TU’s rating of the best cryptocurrency platforms.
Trade with this broker, if:
- You seek a combination of futures and perpetual contracts trading, as this broker specifically offers a mix of these two types of trading assets.
- You value transparency and market depth as with an order book available. With this broker, you can assess the depth of the market and current trading volumes. This transparency allows you to make informed trading decisions based on real-time market data, enhancing your trading experience.
- You prefer a low entry threshold, as this broker has a minimum entry threshold, with the cost of a BTC/USD futures contract set at USD 1. This low barrier to entry makes trading accessible to a wider range of traders, including those with limited capital.
Do not trade with this broker, if:
- You prioritize having a mechanism in place to address and resolve disputes or controversial issues that may arise during trading, as this broker does not specifically have one in place.
- You are looking for a broker that offers a wide range of cryptocurrencies for direct purchase and trading. With only USDT, BTC, and ETH available for purchase, the selection of cryptocurrencies for classic trading is limited.
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The top 10 countries where Bybit is most frequently used
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Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
