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Bybit

Tradomatix TrustScore™:

4.83

(19931 Reviews)

5-star

90.10%

4-star

6.83%

3-star

0.99%

2-star

0.43%

1-star

1.66%
Replied to 2.17% of reviews
Typically replies within 8.94 hours

About Bybit

Bybit is a cryptocurrency derivatives exchange established in 2018, offering spot and futures trading for digital assets. It provides a comprehensive trading environment designed for both retail and professional users, supporting crypto-to-crypto transactions and perpetual contracts. The platform emphasizes performance and reliability, with a trading engine capable of handling high-speed order execution. Bybit has expanded its offerings to include copy trading, options, and institutional-grade services, catering to global traders seeking advanced crypto exposure.

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Regulation & Security

Bybit operates under Bybit Fintech Limited, registered in the British Virgin Islands, with additional entities in the UAE and other jurisdictions. While it is not regulated by a traditional financial authority, the company adheres to international compliance standards and implements strong user protection measures. Security features include multi-signature cold wallets, withdrawal authentication, and ongoing system monitoring to safeguard client assets and data.

Account and Setup

Opening an account with Bybit involves a straightforward online registration process using an email address or mobile number. The platform provides optional identity verification for users who wish to increase withdrawal limits or access certain services. Account setup is streamlined, with quick onboarding and a user-friendly dashboard. Traders can manage portfolios, enable advanced order types, and connect additional security features such as two-factor authentication to protect access.

Funding Options

Bybit supports multiple funding methods, primarily through cryptocurrency deposits and withdrawals. Users can transfer assets directly from external wallets or use the integrated fiat gateway partners to buy crypto with credit cards, bank transfers, or other payment solutions, depending on regional availability. The platform processes deposits quickly and secures withdrawals through manual verification to maintain account safety.

Bot & API Compatibility

Fully compatible with algorithmic trading, Bybit provides an open API for developers and supports trading bots through REST and WebSocket connections. The platformÕs API infrastructure offers low-latency execution, enabling automated strategies to interact efficiently with order books and market data. Traders using EAs or custom trading scripts can integrate seamlessly with BybitÕs trading environment.

Trading Conditions& Restrictions

Bybit offers leverage trading across various crypto pairs with flexible margin options. The exchange maintains dynamic funding rates and provides real-time risk management tools to help traders monitor exposure. Restrictions may apply depending on local regulations, and certain derivative products are unavailable in some regions. The platform enforces robust liquidation mechanisms to ensure stability and fairness during high-volatility periods.

Regulation & Security

Bybit operates under Bybit Fintech Limited, registered in the British Virgin Islands, with additional entities in the UAE and other jurisdictions. While it is not regulated by a traditional financial authority, the company adheres to international compliance standards and implements strong user protection measures. Security features include multi-signature cold wallets, withdrawal authentication, and ongoing system monitoring to safeguard client assets and data.

Account and Setup

Opening an account with Bybit involves a straightforward online registration process using an email address or mobile number. The platform provides optional identity verification for users who wish to increase withdrawal limits or access certain services. Account setup is streamlined, with quick onboarding and a user-friendly dashboard. Traders can manage portfolios, enable advanced order types, and connect additional security features such as two-factor authentication to protect access.

Funding Options

Bybit supports multiple funding methods, primarily through cryptocurrency deposits and withdrawals. Users can transfer assets directly from external wallets or use the integrated fiat gateway partners to buy crypto with credit cards, bank transfers, or other payment solutions, depending on regional availability. The platform processes deposits quickly and secures withdrawals through manual verification to maintain account safety.

Bot & API Compatibility

Fully compatible with algorithmic trading, Bybit provides an open API for developers and supports trading bots through REST and WebSocket connections. The platformÕs API infrastructure offers low-latency execution, enabling automated strategies to interact efficiently with order books and market data. Traders using EAs or custom trading scripts can integrate seamlessly with BybitÕs trading environment.

Trading Conditions& Restrictions

Bybit offers leverage trading across various crypto pairs with flexible margin options. The exchange maintains dynamic funding rates and provides real-time risk management tools to help traders monitor exposure. Restrictions may apply depending on local regulations, and certain derivative products are unavailable in some regions. The platform enforces robust liquidation mechanisms to ensure stability and fairness during high-volatility periods.

Bybit Reviews

( 19931 )

Bybit Reviews

( 19931 )
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