What is Bybit?
Bybit is a cryptocurrency derivatives exchange that was founded in March 2018 by Ben Zhou, Lang Yu, and Mike Zhu. The exchange is headquartered in Singapore but has offices in various locations such as Hong Kong and Taiwan. Bybit aims to provide a fair and transparent trading environment for traders all over the world.
The exchange supports trading in perpetual contracts for Bitcoin, Ethereum, Ripple, EOS, and Bitcoin Cash, among others. It also offers traders leverage of up to 100x, making it an attractive option for those who want to trade with high leverage. Bybit's trading platform is user-friendly and offers advanced features such as market analysis tools, risk management tools, and order types such as limit and market orders.
Bybit is known for its advanced matching engine that can handle up to 100,000 transactions per second, making it one of the fastest exchanges in the market. The exchange also has a strong focus on security, with features such as two-factor authentication and cold wallet storage for user funds. Bybit also has a strong commitment to customer support, offering 24/7 customer service through various channels such as live chat and email.
Overall, Bybit is a well-respected cryptocurrency derivatives exchange that has gained a significant following since its launch in 2018. It has received positive reviews from traders for its fast matching engine, user-friendly platform, and commitment to security and customer support.
And if you sign up using our affiliate link through Codearmo and use the referral code CODEARMO, you'll receive exclusive benefits and bonuses up to $30,000 to help you get started. Don't miss out on this opportunity to join one of the fastest-growing communities in crypto trading. Sign up for Bybit today and start trading like a pro!
Why you should trade on Bybit
- Bybit Trading Fee Comparison
| Exchange | Maker Fee Rate | Taker Fee Rate | Net Fee Accrued to Platform |
|---|---|---|---|
| Bybit (Non-VIP) | 0.10% | 0.10% | 0.20% |
| OKX | 0.08% | 0.10% | 0.18% |
| Binance (VIP 0) | 0.10% | 0.10% | 0.20% |
| Huobi | 0.20% | 0.20% | 0.40% |
| Kraken | 0.16% | 0.26% | 0.42% |
| Gemini | 0.20% | 0.40% | 0.60% |
| Coinbase | 0.40% | 0.60% | 1.00% |
| Bitstamp (<$1,000) | 0.00% | 0.00% | 0.00% |
| KuCoin | 0.10% | 0.10% | 0.20% |
| Bitget | 0.10% | 0.10% | 0.20% |
- API
Bybit provides a REST and WebSocket API to allow traders to access their trading platform programmatically. With the API, traders can automate their trading strategies and access market data in real-time.
The API provides access to the following features:
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Trading: Traders can execute trades programmatically using the API. The API supports both market and limit orders.
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Account Management: Traders can manage their accounts programmatically using the API. The API allows traders to view their balances, positions, orders, and order history.
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Market Data: The API provides access to real-time market data, including order book snapshots, trades, and ticker information.
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User Data: The API provides access to user data, including open orders, order history, positions, and account balances.
Bybit's API supports both REST and WebSocket protocols. REST is used for account and order management, while WebSocket is used for real-time market data updates.
Bybit's API is well-documented with detailed guides and code examples provided for each feature. They also offer SDKs in popular programming languages like Python, Java, and Node.js to make it easier for developers to get started with the API.
By using Bybit's API, traders can automate their trading strategies, backtest their strategies, and access market data in real-time to make informed trading decisions.
- Derivative Futures Trading
Bybit's futures trading pairs allow traders to speculate on the price movements of cryptocurrencies with leverage. With futures trading, traders can take both long and short positions, which means they can profit from both rising and falling prices of the underlying assets. By using leverage, traders can amplify their potential profits or losses, but it's important to remember that trading with leverage also increases risk.
By offering a variety of crypto pairs for futures trading, Bybit gives traders a range of options for trading cryptocurrencies with leverage, depending on their risk tolerance, investment goals, and trading strategies.
- USDC Options Trading
Cryptocurrency options are financial contracts that give buyers the right, but not the obligation, to buy or sell a cryptocurrency at a predetermined price and time in the future. Options contracts are derivative instruments, meaning their value is derived from the underlying asset, which in this case is a cryptocurrency such as Bitcoin or Ethereum.
There are two main types of cryptocurrency options: call options and put options. A call option gives the buyer the right to buy the underlying cryptocurrency at a specified price (the strike price) at a predetermined time in the future. A put option, on the other hand, gives the buyer the right to sell the underlying cryptocurrency at the strike price at a predetermined time in the future.
Cryptocurrency options can be used for a variety of purposes, such as hedging against price fluctuations or speculating on the future price of a cryptocurrency. Options trading can be complex and risky, however, as the value of options contracts can be influenced by various factors, including the price of the underlying cryptocurrency, time remaining until expiration, and market volatility. As with any investment, it is important to understand the risks and do your own research before trading cryptocurrency options.
-Free Crypto Data
Bybit offers free crypto data on hundreds of assets with as low as 1 minute granularity for historical data
- Bybit Sign Up Bonus
If new users sign up using our referral code CODEARMO by visiting bybit.com and registering will be eligible for up to $30,000 in welcome rewards when they make their first deposit and complete the trading requirements.
