BYBIT Review – The new Bitmex? “Powerful Options Exchange”
In our “Bybit Review” we found some interesting things. 1st among them is that Bybit is fun to use! Hence many crypto exchanges can be somewhat unintuitive. This is not the case with Bybit.
It feels in some ways very similar to Binance, but with a margin/leveraged trading point of view. Easy to view your balance/positions on the screen. As well you can set different visual options with their interface.
The Bybit interface is straight forward visually and has a nice look at feel. Hence we note the speed of this crypto exchange as well.
Thus we wish to clearly examine how the work and what they offer you as a crypto trader.
Are they Legit!?
Trust #1 with a new exchange in our Bybit Review we find them to be trustworthy. Comparatively No funny business has been reported and as you can see below the site is secure, up to date and all certification is in place.
Most Bybit Reviews will miss a few interesting notes about them. Such as they are incorporated in the British virgin Islands back in March 18th, 2018.
On of the great features of this Bybit Review to note that outside of the 100x leverage they offer on their platform is the quarterly futures contracts that have no funding fees.
The Bybit matching engine is said to be capable of over 100,000 TPS (Transactions Per Second). Hence is an amazing feat for future growth of their platform already laid out ahead of time.
Since the start of their operations Bybit has focused on increasing the speed and quality of their transactions. To which many users not only find their platform easy to use but enjoy the work they made to the speed of this cryptocurrency exchange.
Bybit Review: Fee & cost structure
Such as Bybit pricing is pretty straight foward as Bybit like many others use the Bitmex model of 0.075 taker and -0.025 maker fee structure.
As with many other exchanges Bybit has 100x leverage on their crypto trading contracts.
The above image shows easy to read and understand take profit/stop loss structure.
Easy to use trading interface
As noted below the interface for Binance users will have a sense of familiarity. Very straight forward and speedy for Bybit users.
Another thing to note is that Bybit takes several different coins for deposit. As well Bybit has a method of conversion for users of Fiat currency.
The other crypto currencies that Bybit takes outside of BTC are ETH, XRP, EOS and USDT.
As well noted below is the FIAT gateway of Bybit. A very neat feature indeed!
The simplicity of users being able to convert FIAT to Crypto can’t be understated. Unlike Bitmex which only takes BTC alone.
Bybit Review In conclusion…
The exchange is straight forward, with not much bells and whistles. If you want a quick and easy derivatives exchange outside of Bitmex, then check out Bybit!
- Easy to use trading platform
- Speedy transaction speeds
- Multiple coins for deposit
- Easy to use FIAT Gateway
As we have noted in this review Bybit has done a good job with very few complaints listed. High degree of uptime and happy users.
° Easy to use trading platform
° Speedy transaction speeds
° Multiple coins for deposit
° Easy to use FIAT Gateway
° Limited selection of perpetual & futures to trade