Bybit is one of the most popular exchanges in the world. It was established in 2018 as a peer-to-peer exchange and has grown into one of the top exchanges in the market. This exchange is suitable for beginners and experts and also allows interested parties to start margin trading.
Bybit is a well-known and secure exchange that makes use of latest security systems to offer utmost safety of the users’ funds. There are several other services offered by the exchange, which is why it is popular among the crypto enthusiasts.
If you are also planning to choose the Bybit exchange then here are a few things you need to know.
Bybit Registration Process
One of the benefits of using this exchange is that it has a simple registration process. It does not require KYC (know your customer). The KYC is used by several other competitors of the Bybit exchange. This requires the users to identify themselves and share some documentations that confirm their identify. KYC limits the number of users for an exchange, which is why most potential users opt for an exchange that does not require KYC.
Since Bybit does not require KYC, you can easily and sign up with the platform and instantly start trading Bitcoin. As a user, you are only required to provide your email and create a password and you will be registered with the exchange within 30 seconds.
Fees Charged by the Exchange
Every potential investor or trader looks for an exchange that charges a low and suitable fee. There are crypto exchanges in the market that charge a very high fee or hidden and additional fees. Using such an exchange is not suitable, which is why people opt for crypto exchanges that have a good and transparent fee structure.
Therefore, Bybit fees is one of the reasons why this is a popular exchange among the potential and existing users. The fee charged by the exchange include:
- Taker fee: 0.075%
- Maker fee: -0.025%
- Withdrawal fee: 0.0005 BTC
Customer Support Offered by the Exchange
Customer services of a crypto exchange are one of the most highlighting factors that should not be overlooked. The customer support offered by Bybit is one of the reasons why this exchange is chosen by many beginners and experts.
This exchange focuses on the satisfaction of its customers, which is why it has a team of experienced customer service agents. The agents are professionals and are highly responsive and active. They are available to assist the users around the clock, which makes it easier to use the exchange and step into the crypto space.
An exchange that offers impressive customer support helps the users in avoiding numerous obstacles that would otherwise be a hindrance in the way of crypto investing or trading for the first time.
Impressive User Interface
Another important and helpful aspect to look at before choosing any exchange is its user interface. The Bybit exchange has been designed in a way that makes it easy for beginners and experts alike to use it and start crypto trading.
A simple and easy-to-understand interface is what most beginners look for. As a first-time user of an exchange there can be several things that may seem intimidating and even challenging. However, if an exchange, such as Bybit, is easy to navigate, the users are likely to come across minimum problems. This can help many hesitant enthusiasts to finally step into the world of crypto and start crypto investing or trading. Therefore, user experience is an essential factor that needs to be assessed before choosing an exchange.
Having a mobile application is one of the most helpful things, especially for crypto traders. Trading crypto requires the users to stay up-to-date with the market trends and keep an eye on different aspects of trading.
This can be difficult for a trader who has a demanding schedule or has to travel a lot. Therefore, Bybit offers a solution for such users in the form of a mobile-friendly application.
This application is available for both Android and iOS users. It has a good functionality, simple user interface and helps the interested parties in trading while on the go.
The mobile application is quite similar to the desktop version of the Bybit exchange and offers order management and advanced charting.
Is Bybit Available in the U.S.A?
One of the most important facts to know about the exchange is that it is not available in the U.S.A. However, U.S. citizens can still access the exchange, at their own risk, by using a VPN.
Bybit is one of the top crypto exchanges in the market and is used by several crypto investors and traders. It is a good and secure exchange. However, if you are looking to choose it, you should know some important facts as mentioned above.