What is Bybit (Bybit)?

ByBit is P2P cryptocurrency futures exchange that is based in Singapore. The exchange operates under Bybit Fintech Limited which is a company that is registered in the British Virgin Islands.

Is Bybit reliable?

Bybit gives its traders the option to trade cryptocurrency perpetual contracts, which can have up to 100:1 leverage. But the big question for this new exchange remains—is Bybit reliable? What’s great to know is that even with its short operational history, Bybit has built up quite a sizable liquidity.

Is Bybit a good cryptocurrency exchange?

Unlike some other cryptocurrency exchanges Bybit has a mobile app, making it easy to trade when away from the computer. Bybit is one of only a handful of exchanges that offers perpetual swap futures for coins like XRP and EOS. On Bybit it's possible to trade with extremely high leverage, especially on Bitcoin products.

How to trade on Bybit?

The only way to trade on Bybit is to send cryptocurrency to the trading platform. That's why the best way to trade on Bybit is to acquire crypto on an exchange like Coinbase or Kraken and then send it to the Bybit exchange. The one good thing about Bybit is that they accept deposits in all of the currencies that they trade, BTC, ETH, XRP and EOS.