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Home/Bybit/Page 4

Tag: Bybit

Bybit is a cryptocurrency exchange founded in 2018 by Ben Zhou. It offers a comprehensive platform for trading various cryptocurrencies, including BTC, ETH, LINK, ADA, SOL, DOT, and more. Bybit provides services such as spot trading, derivatives trading, options trading, and an NFT marketplace, along with advanced features like Copy Trading and Asset Management.

 

Official Website: Bybit Official Website

Referral Code: shiraverse

Affiliate Link: Bybit Affiliates

 

Key Features:

  • Derivatives Trading: Includes Perpetual, Futures, and Options contracts with up to 100X leverage.
  • Spot Trading: Trade a wide range of cryptocurrencies with advanced settings like Limit Order, Take Profit, and Stop Loss.
  • Bybit Web3: Engage with decentralized finance (DeFi), NFTs, and dApps within the Web3 ecosystem.
  • Bybit Asset Management: Offers products like Bybit Savings and Liquidity Mining for stable returns.
  • Bybit NFT Marketplace: Buy, sell, and trade a variety of NFTs.
  • Copy Trading: Follow and replicate strategies from Master Traders.
  • Mobile App: Optimized for a seamless trading experience.

Partnerships: Bybit is a proud partner of Formula One’s Oracle Red Bull Racing, various esports teams, and football clubs Borussia Dortmund and Avispa Fukuoka.

Bybit serves over 10 million users globally and is committed to providing a secure, reliable, and innovative trading environment.

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Bybit
Bybit
Asked: 2 months agoIn: Cryptocurrency, Exchange

How do I recover a token mistakenly sent to Bybit but not listed on Bybit?

Bybit
  1. Bybit
    Bybit
    Added an answer about 2 months ago

    First, log in to your Bybit account and check your Funding → History page. If you see something like “Unsupported Coin” or “Pending Asset,” that’s actually a good sign. Option 1: Easy Recovery If your deposit shows up there, Bybit has this self-service recovery thing. Just click on the token, drop aRead more

    First, log in to your Bybit account and check your Funding → History page. If you see something like “Unsupported Coin” or “Pending Asset,” that’s actually a good sign.

    Option 1: Easy Recovery

    If your deposit shows up there, Bybit has this self-service recovery thing. Just click on the token, drop a wallet address that supports it (not a Bybit one), pay a small fee in USDT, and boom — they’ll send it back to that address.

    Option 2: Manual Recovery (if it doesn’t show up)

    If your deposit isn’t showing up anywhere, then yeah… you gotta fill out a form. Go to their Help Center and look for the Asset Recovery Form.

    You’ll need stuff like:

    • The transaction hash (TXID)
    • Which coin and chain you used
    • How much you sent
    • A wallet address to return it to

    But heads up:

    • They only help recover stuff worth over $500
    • There’s a $200 fee
    • It can take a few days
    • And no promises — some coins and networks (like Ronin, Cronos, etc.) are just a no-go

    So yeah, try the self-service option first if you can. Next time, just double-check the token is supported before sending anything — crypto doesn’t really do take-backs 😅

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Bybit
Bybit
Asked: 2 months agoIn: Cryptocurrency, Exchange

Is Bitmex currently allowing US customers to use their new platform, Bybit?

bitmexBybitUnited StatesUS
  1. Bybit
    Bybit
    Added an answer about 2 months ago

    No, Bybit does not allow U.S. customers to use its platform. The United States is among the jurisdictions explicitly restricted by Bybit due to regulatory compliance concerns. Attempting to access Bybit from the U.S., even through methods like VPNs, can lead to account suspension or loss of funds. SRead more

    No, Bybit does not allow U.S. customers to use its platform. The United States is among the jurisdictions explicitly restricted by Bybit due to regulatory compliance concerns. Attempting to access Bybit from the U.S., even through methods like VPNs, can lead to account suspension or loss of funds.

    Similarly, BitMEX also restricts U.S. users from accessing its services. Both exchanges implement geo-blocking and require Know Your Customer (KYC) verification that excludes U.S. residents .

    For U.S. residents interested in cryptocurrency trading, it’s advisable to use exchanges that are compliant with U.S. regulations, such as Kraken, Coinbase, or Gemini.

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Bybit
Bybit
Asked: 2 months agoIn: Cryptocurrency, Exchange

Which platform has lower fees, Bybit or Margex?

Bybitmargex
  1. Bybit
    Bybit
    Added an answer about 2 months ago

    Margex usually has lower fees than Bybit. On Margex, maker fees are like 0.019% and taker fees around 0.06%. Bybit’s fees are a bit higher unless you’re a VIP or do tons of trading — then you can get discounts. Also, Margex doesn’t ask for KYC, which is cool if you want to stay low-key. Bybit does rRead more

    Margex usually has lower fees than Bybit. On Margex, maker fees are like 0.019% and taker fees around 0.06%. Bybit’s fees are a bit higher unless you’re a VIP or do tons of trading — then you can get discounts.

    Also, Margex doesn’t ask for KYC, which is cool if you want to stay low-key. Bybit does require KYC but has more features and promos if you’re into that.

    So if you just want low fees and no fuss, Margex is the cheaper option. But if you want more tools and don’t mind a bit more paperwork, Bybit’s solid too.

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Cryptocurrency
Cryptocurrency
Asked: 8 months agoIn: Cryptocurrency, Exchange

What are the advantages of Bybit as an MT5 crypto broker?

Bybit stands out for:Leverage: Up to 500x for MT5 users. Diverse assets: Access to 1,200 cryptocurrencies. Fee structure: Low trading fees starting at 0.1%. Advanced features: Copy trading, NFT marketplace, and free demo accounts. Security: Dual wallet system for fund safety.

Advanced ToolsAsset VarietyAutomated TradingAvaTradeBybitCompetitive SpreadsComprehensive AnalysisCopy TradingCrypto TradingCryptocurrency TradingCustomer SupportCustomizable InterfaceDemo TradingEducational ResourcesExpert AdvisorsFast Order ExecutionFlexible Order TypesFOREX.comFP MarketsFxProHigh LeverageHigh-Speed ExecutionIC MarketsLow FeesMetaTrader 5Mobile TradingMT5 BrokersMulti-Asset PlatformNegative Balance ProtectionRegulationRobust SecurityTrading CostsTrading PlatformUser ReviewsXM
  1. Bybit
    Bybit
    Added an answer about 2 months ago
    This answer was edited.

    Alright, so if you’re into MT5 and crypto, Bybit’s actually a solid choice. Here’s why: MT5 + Crypto = Power Combo MT5 is already dope for trading — fast, customizable, supports bots and indicators, all that good stuff. Now imagine that, but for crypto. Bybit lets you do exactly that. Super Low LateRead more

    Alright, so if you’re into MT5 and crypto, Bybit’s actually a solid choice.

    Here’s why:

    1. MT5 + Crypto = Power Combo
      MT5 is already dope for trading — fast, customizable, supports bots and indicators, all that good stuff. Now imagine that, but for crypto. Bybit lets you do exactly that.
    2. Super Low Latency & Smooth Execution
      No one wants lag in trading, especially with crypto moving like crazy. Bybit’s MT5 setup is optimized for fast order execution, so you don’t get wrecked by delays.
    3. Leverage Up to 500x
      Yeah, you read that right. MT5 users can go up to 500x leverage. Crazy risky, but if you know what you’re doing, it’s a game changer.
    4. Diverse Assets — 1,200+ Cryptos
      Bybit gives you access to a massive lineup of over 1,200 cryptocurrencies. Not just the big names — loads of alts to choose from.
    5. Low Fees Starting at 0.1%
      The fees are chill too — super competitive starting at just 0.1%. Keeps more money in your pocket.
    6. Advanced Features
      They’ve got cool stuff like copy trading if you wanna follow pros, an NFT marketplace to dive into crypto art, and even free demo accounts to practice without risking real cash.
    7. Integrated with Your Bybit Account
      No need for a separate wallet or platform. Your MT5 account is tied to your main Bybit wallet, so moving funds around is super easy.
    8. Supports Expert Advisors (EAs)
      You can run trading bots and automated strategies on MT5. If you’re into algo trading, this is a big win.
    9. 24/7 Crypto Trading
      MT5 usually means forex and stocks, which have hours. But with Bybit, you get the MT5 power with 24/7 crypto markets. No sleep, just trading 😎
    10. Security — Dual Wallet System
      Bybit keeps your funds safe with a dual wallet system, adding extra layers of security so you don’t have to stress.
    11. Strong Security + Reputation
      Bybit’s been around, they’re not some sketchy no-name broker. Your funds and trades are in safer hands.

     

    So yeah, if you already like MT5 and want to level up your crypto game, Bybit makes it pretty seamless. Definitely worth checking out.

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Bybit
Bybit
Asked: 2 months agoIn: Cryptocurrency, Exchange

How long does it take to receive a bitcoin from Cash App to the Bybit app?

BitcoinBybitBybit Appcash app
  1. Bybit
    Bybit
    Added an answer about 2 months ago

    Usually not that long, man. After you send Bitcoin from Cash App, it goes through the Bitcoin network, which takes like 30 to 60 minutes most of the time — depending on how busy the network is. Cash App sends it out pretty quick once you hit “withdraw,” and then Bybit just waits for a few confirmatiRead more

    Usually not that long, man. After you send Bitcoin from Cash App, it goes through the Bitcoin network, which takes like 30 to 60 minutes most of the time — depending on how busy the network is.

    Cash App sends it out pretty quick once you hit “withdraw,” and then Bybit just waits for a few confirmations (usually 3) before it shows up in your account.

    So yeah, if the network isn’t slammed, you should see your BTC in Bybit in under an hour. Just keep an eye on the transaction and you’re good.

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Bybit
Bybit
Asked: 2 months agoIn: Cryptocurrency, Exchange

Is Bybit a safer option for trading than Coinbase?

Bybitcoinbase
  1. Bybit
    Bybit
    Added an answer about 2 months ago

    Tbh, both are solid, but they kinda serve different types of users. Coinbase is more “mainstream,” ya know? It’s based in the U.S., super regulated, and it’s great for beginners who just wanna buy crypto with a few taps. So yeah, it’s pretty safe in terms of compliance and all that. But they do askRead more

    Tbh, both are solid, but they kinda serve different types of users.

    Coinbase is more “mainstream,” ya know? It’s based in the U.S., super regulated, and it’s great for beginners who just wanna buy crypto with a few taps. So yeah, it’s pretty safe in terms of compliance and all that. But they do ask for a lot of KYC stuff and sometimes freeze accounts for “security checks,” which can be annoying.

    Bybit, on the other hand, is more for people who are into trading — like futures, leverage, and all the spicy stuff. It’s based offshore (not in the U.S.), so it’s less regulated but also gives you more freedom. It’s got solid security features, and a lot of pro traders use it. But yeah, since it’s not under strict U.S. laws, you kinda gotta trust their reputation and your own security habits.

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Bybit
Bybit
Asked: 2 months agoIn: Cryptocurrency, Exchange

What do people do with KYC for Bybit after buying it?

Bybit
  1. Bybit
    Bybit
    Added an answer about 2 months ago

    So, after you’ve bought crypto or deposited funds on Bybit, the KYC (Know Your Customer) step is basically to verify who you are. People usually upload some ID—like a passport or driver’s license—and sometimes a selfie for proof. It’s like Bybit making sure you’re legit and not a robot or someone trRead more

    So, after you’ve bought crypto or deposited funds on Bybit, the KYC (Know Your Customer) step is basically to verify who you are. People usually upload some ID—like a passport or driver’s license—and sometimes a selfie for proof. It’s like Bybit making sure you’re legit and not a robot or someone trying to do sketchy stuff.

    Once you finish KYC, you get higher withdrawal limits and access to more features on Bybit, like bigger trading amounts or certain promotions. Also, it helps keep the platform safe for everyone.

    Most people just do it once and then forget about it, since it’s just a one-time verification to unlock all the cool stuff.

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Bybit
Bybit
Asked: 2 months agoIn: Cryptocurrency, Exchange

Is it legal to purchase a verified Bybit account in the United States?

BybitUnited States
  1. Bybit
    Bybit
    Added an answer about 2 months ago

    that’s not a good idea. Bybit doesn’t even allow people from the U.S. to use their platform — it’s literally in their rules. So if you try to buy a verified account, you’re breaking their terms and possibly messing with U.S. laws too. Even if you manage to get one, there’s a high chance they’ll shutRead more

    that’s not a good idea. Bybit doesn’t even allow people from the U.S. to use their platform — it’s literally in their rules. So if you try to buy a verified account, you’re breaking their terms and possibly messing with U.S. laws too.

    Even if you manage to get one, there’s a high chance they’ll shut it down once they find out you’re from the U.S. Plus, if you had any crypto in there? Say goodbye to that too. Not worth the risk.

    If you’re in the States, just stick to exchanges that are legal there — like Coinbase, Kraken, or Gemini. Keeps things chill and safe.

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Bybit
Bybit
Asked: 2 months agoIn: Cryptocurrency, Exchange

Can you explain the differences between Bitfinex and Bybit?

bitfinexBybit
  1. Bybit
    Bybit
    Added an answer about 2 months ago

    Bitfinex is like an OG crypto exchange where you can buy and sell actual coins, do some margin trading, and even lend your crypto for interest if you want. It’s kinda for people who know their way around trading and want lots of options. Bybit, on the other hand, is more about futures and leveragedRead more

    Bitfinex is like an OG crypto exchange where you can buy and sell actual coins, do some margin trading, and even lend your crypto for interest if you want. It’s kinda for people who know their way around trading and want lots of options.

    Bybit, on the other hand, is more about futures and leveraged trading — meaning you’re basically betting on crypto price moves with borrowed money. It’s newer, more modern-looking, and super popular with people who like fast, easy-to-use platforms and wanna go big with leverage.

    Bitfinex can feel a bit complicated if you’re new, but it’s solid for serious traders. Bybit’s interface is way more chill and user-friendly.

    Oh, and Bybit’s got these cool affiliate programs and trading contests, plus they pay out fast. Bitfinex is more old-school but still reliable.

    So if you want to actually buy coins and hold ‘em, Bitfinex is good. If you wanna trade like a pro with leverage and speed, Bybit’s probably your jam.

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Bybit
Bybit
Asked: 2 months agoIn: Cryptocurrency, Exchange

Is identity verification required for Bybit? If so, what is the process and how long does it take for approval? If not, what are some ways to avoid having to verify your identity?

BybitCryptocurrency Exchange
  1. Bybit
    Bybit
    Added an answer about 2 months ago

    Bybit does want you to verify your identity if you wanna use all the cool stuff on their platform. Like, you can probably do some basic things without it, but if you wanna trade more, withdraw bigger amounts, or use fiat stuff, they’ll ask for KYC (that’s just verifying who you are). The process isRead more

    Bybit does want you to verify your identity if you wanna use all the cool stuff on their platform. Like, you can probably do some basic things without it, but if you wanna trade more, withdraw bigger amounts, or use fiat stuff, they’ll ask for KYC (that’s just verifying who you are).

    The process is pretty simple — you upload your ID (passport, driver’s license, whatever), take a quick selfie for face verification, and then wait. Usually, it takes like 15 minutes to a couple of hours, sometimes up to a day if they need to check manually.

    If you wanna skip it, you can use Bybit with limited features — like smaller withdrawal limits (like 20,000 USDT a day max), and no access to some special promos or services. But honestly, avoiding KYC isn’t worth it if you plan to be serious with trading there.

    So yeah, best bet is to just get it done, it’s quick and opens up all the good stuff.

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