One of the exchanges that is often at the top of the list for most crypto traders is Bybit. This is an outstanding crypto exchange that is well-known for the remarkable features it offers to the users.
You may come across several exchanges as options when you decide to trade crypto. However, you should never opt for an exchange immediately and without proper research. Whether you are looking to buy or trade crypto, you should always take your time and learn as much as possible about different exchanges so you can see which one matches your trading requirements the most.
The Bybit exchange can be one of the best platforms that you choose for trading crypto. However, you can make a more informed decision if you know some details of the trading platform.
Here is a brief introduction of the platform and some details of its prominent features offered to the users.
What to Know About Bybit?
It has already been specified that it is one of the top and most prominent platforms in the market. Based in Singapore and is a peer-to-peer (P2P) exchange.
Also offers its trading services to a vast audience all over the globe and supports the highest transactions per second (TPS) among the competition.
This platform has the capacity to handle 100,000 TPS, without any system overloads and interruptions. This feature makes it stand out among several other high-end trading platforms.
This trading platform was established in 2018 and continues to be one of the most prominent ones in the world. As a potential user of the exchange more details you should know are mentioned below.
User-friendly Interface
One of the overlooked aspects of the Bitcoinsensus Bybit exchange is that it is a user-friendly cryptocurrency exchange. It has a simpler interface as compared to other exchanges that are its competitors.
As a new crypto investor or trader, you should always look for a platform that is easy to navigate because it will greatly determine the kind of user experience you will have.
There are some crypto exchanges that have a complex interface and are designed specifically for the professionals. Using such an exchange can complicate the overall process and experience for you as a beginner.
Therefore, to make sure you have to face the least inconveniences and complications while buying or trading crypto for the first time, make sure you choose a user-friendly exchange such as Bybit.
Impressive Customer Support Services
The customer support offered by the exchange is its one of the biggest positive points. As a beginner, you need to understand the importance of looking for the best customer support services.
If you do not have any relevant information or prior experience, you may come across several obstacles or points in buying or trading crypto where you are not fully aware of what to do next. In such a case, if you have access to a well-established customer support most of your problems or queries can be resolved in time.
Bybit is known to be one of the best platforms in terms of customer support offered. The customer support agents are experts and available to assist the users around the clock. They respond without any delays and are easily accessible for the users.
Fee Charged by the Exchange
Another impressive feature of the exchange that sets it apart from other exchanges is Bybit fees. While looking for an exchange to buy or trade crypto, it is crucial that you take a look at the fee you will have to pay while crypto investing or trading.
This is important because some platforms charge a high fee, which also includes hidden charges. The Bybit exchange, on the other hand, has a transparent fee structure, which is also known to be one of the lowest ones in the market.
The trading fee it charges is based on the market maker and taker fee model. The details of the fee are mentioned below.
- 0.0005 BTC withdrawal fee
- 0.02% / -0.02% funding rate
- 0.075% trading fee for market takers
- -0.025% trading fee for market makers
Tools for Data Analysis
Bybit is one of the best cryptocurrency exchanges you are likely to come across, thanks to its remarkable features such as the tools available for data analysis. As a user of the crypto exchange, you can download the tools mentioned below. They are likely to make the overall experience simpler and less stressful.
- Daily Realized Volatility – shows the actual volatility over a time period.
- Monthly Price Range – monitors the highs and lows of an instrument on a monthly basis. It also enables users to take a look at the range in the asset traded.
- Price Moving Averages – shows the price of BTC and other moving average indicators for several timeframes.
- Rolling Volatility – shows the realized volatility over the last 30 days and compares with the average during that period.
Conclusion!
Bybit is a highly suitable and well-developed crypto exchange that offers support to several impressive features. The available features and more can help new users of the exchange in determining how much it suits their needs and trading requirements. If you are interested in using the platform you should know the above-mentioned details first.
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