Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,09 trillion. Bitcoin is up by over 2% to reach around $27,200. Ethereum increased by nearly 6% to close to $1,700. XRP gained almost 2% in value during a highly volatile week. Almost all altcoins are trading in the green, with virtually no exceptions. The DeFi sector maintains the total value of protocols (TVL)…
5 Reasons to Start Trading Crypto with Bybit Now
Bybit is a cryptocurrency derivatives exchange offering cutting-edge trading tools and solutions. The platform promotes a risk-free test environment where even novice traders can experiment and learn before jumping into the trading pool. Moreover, it employs the highest security standards, 100% anonymity, and a no-downtime commitment.
While unavailable in the US, Bybit has all the trading instruments for expert and beginner crypto derivative traders to succeed. Read on as we reveal more about this top exchange in leveraged crypto trading!
Why Bybit Might Be the Right Exchange for You
We know crypto traders don’t have much time to waste. Therefore, we won’t bore you with too many technical details on Bybit but rather focus on the perks and user benefits you can enjoy. After all, the exchange established itself as one of the leading crypto trading platforms since its launch in 2018, leaving little room for ambiguity over its inner workings and ambitions. That’s how it expanded to 160 countries, amassing over 18 million active users.
So, without further ado, let’s explore the top-5 reasons you should use Bybit.
1. Trade crypto with a leverage of up to 100x
An expert trader will rank a crypto derivatives trading platform’s reliability on its leverage options. Straight off the bat, you can tell Bybit accommodates top traders and their high goals with leverage of up to 100x. In other words, you may trade a position of $10,000 from a $100 investment.
This nifty feature can generate high profits with seasoned traders willing to take the risk. Alternatively, you can go long or short on the over 760 available currencies. More importantly, you can instantly open new positions on the Bybit App or the Bybit website.
2. Learn cryptocurrency trading from scratch
Many crypto trading platforms throw newbie traders at the pool’s deep end, ignoring their need for knowledge or skills. Unfortunately, many such users drown before discovering the benefits and potential gains of cryptocurrency trading.
Bybit stands out through its vast library of resources, news, and other educational materials available for all levels. The platform even posts weekly crypto trading classes on social media. Many articles, expert insights, and detailed market analyses offer remarkable learning. Therefore, if you are new to derivatives, futures, margins, and other forms of crypto trading, you can research all about it on Bybit before actually trading.
3. Bybit puts your safety first
Bybit ensures optimal security for its users through an array of safety measures. Firstly, it stores all client funds in cold storage. This means the assets are out of the reach of hackers and cybercriminals. Furthermore, the platform reviews every withdrawal request manually to prevent unauthorized withdrawals.
Bybit users benefit from 100% anonymity. Still, they must use two-factor authentication to log into their accounts. This measure prevents hackers from illegally accessing the platform through other clients’ credentials.
Lastly, Bybit hosts bug bounty programs to enable white hat hackers to report any platform vulnerabilities they may find.
4. Test trading with zero risks
After learning more about crypto derivatives trading, you can head to Bybit’s testnet site to learn how to use the platform’s tools. Here, you can discover and test strategies without real money. Moreover, you can improve your knowledge, skills, and confidence risk-free.
5. Some of the lowest fees in crypto trading
Like most crypto exchange/trading platforms, Bybit charges fees for trading, withdrawal, and deposits. For trading, the platform charges a maker/taker fee. Still, traders can enjoy some of the lowest fees in the industry. For example, withdrawing Bitcoin involves a minuscule 0.0005 BTC fee.
More Benefits for Trading Crypto on Bybit
Bybit provides attractive leverage, top security, risk-free test trading, small fees, and ample learning resources. Before joining one, most traders look for these five leading features in a crypto derivatives trading platform.
Nevertheless, Bybit has much more to offer than that. The platform claims it can handle 100,000 transactions per second. This is impressively fast and a standout benchmark in the industry. Additionally, Bybit provides 24/7 customer support, real-time monitoring, and P2P trading with zero fees for 50+ cryptocurrencies.
With Bybit, you can buy crypto with a single click. Engage in spot trading, derivatives, and copy trading. You don’t need to pass KYC procedures and only need an email address or a phone number to open an account.
Bybit may not be available in the US yet, but users worldwide can rely on its services when looking for:
- High leverage on crypto trading of up to 100x
- Top-notch trading tools and solutions
- Trading cryptocurrencies on a secure platform
- Learn to trade crypto derivatives risk-free
- KYC-free crypto trading
- Charting tools, insights, and user-friendly features
Trading cryptocurrencies in any form is risky, even for seasoned traders. Make sure you are aware of the implications before trading your crypto assets. In this regard, Bybit’s educational materials and testnet features can help you better understand this practice.
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