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9 best reasons to choose Bybit Platform

Trading cryptocurrency has opened a new dimension in the financial market. There are many trading platforms available in the market to handle your financial investments, trading, and other finance-related matters, but the question is who to trust and who does not. Bybit is among emerging, registered, verified growing cryptocurrency exchange and trading platforms, trusted by millions of users across the globe.

Cryptocurrency trading exchange is quite a hard task. There are numerous factors such as the platform features, charting interface, trading pairs, fees, security, and customer support. 

Why Bybit

As far as the Bybit cryptocurrency trading platform is concerned, it is a registered trading platform in the British Virgin Islands. Besides that, it supports the traders from different parts of the world from North American states to Europe, Russia, Japan, South Korea, and Southeast Asia as well.  

Singaporean-based Bybit established in 2018, is a derivatives cryptocurrency trading platform with an emphasis on leverage trading with up to 100x leverage on BTC/USD and ETH/USD trading pairs. It offers perpetual contracts that follow the cryptocurrency spot price.

There are many appealing reasons to register and use the Bybit trading exchange platform for cryptocurrency trading.

Smart Trading System

The start of an art smart trading system is best-in-class in the trading industry. Not only it helps traders to have on-spot profit, but can adjust their orders, and receive system strategy alerts. The smart trading system is also supported by a 100K TPS matching engine, which guarantees that you do not need to worry about

Registration on ByBit

Bybit account is easy because the company doesn’t need too much information from traders. Only a required a registered email address and there you go. But they also allow the traders that they can sign up with the mobile, for that you need to fill in your country, phone number, and password.

Bybit Quality Customer Support

A 24/7 quality customer professional support team ensures the clients can sort out all their financial issues. The unique feature is that the professional team is multilingual and offers support in different 11 languages. These languages include English, Russian, Japanese, Korean, Simplified Chinese, Traditional Chinese, French, German, Bahasa Indonesia, and Thai Vietnamese.

Asset Security

One of the main aspects of trading with By bit, it ensures 100% assert security. With the help of industry-leading and multi-signature cold wallets to store 100% of traders’ deposited assets. At the individual account level, all withdrawal requests will experience a severe procedure that carries out confirmation for withdrawals; and all requests will be manually reviewed by the team at fixed time intervals 

Working and Reliability 

Traders don’t need to worry about overloads on the Bybit exchange, as they have an ultra-fast matching engine, which allows 100 000 trades per second. Bybit also allows users to conduct high-frequency trading (HFT) as their platform has lightning-fast market updates, with market data. 

Take Profit / Stop-Loss orders Supported

Trading cryptocurrency includes risk since it is such an active market. Savvy investors know that risk needs to be managed, to minimize that risk is, uses the stop-losses. Stop-losses are automated instructions that tell the exchange to sell a coin when the price drops to a decided level.

Bybit App

The mobile app is available for iOS on the Apple App Store. Besides that, traders can also scan the QR code and download the app from the website. It presents almost the same features as the website. 

Trading Fee

Being a taker, pay a 0.075% fee of your total trading amount to ByBit. As a maker, you will receive a 0.025% discount on that amount. Besides that, if you want to close all the trades and withdraw your Bitcoin from your account to your own wallet, you’ll pay the small transaction fee that goes to BTC miners.

Spot Trading with Zero Fees

This trading exchange platform offers spot trading with no fees. Spot trading enables the traders to place limit, market, and conditional orders on all supported cryptocurrencies and tokens.

Conclusion

Bybit offers a professional platform where crypto traders can find a high fast matching engine, superiorcustomer service, and multi-lingual community support. It allows state of art online spot and derivatives trading services, cloud and DeFi mining products, as well as API support, to retail and institutional clients around the world.

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Author: nohoarts