Unlock Bybit Exchange: Complete Review + $50k Bonus! 🚀

Bybit Review 2024: Complete Exchange Guide + $50k Bonus!

Are you thinking of using Bybit? Well, before you do, you have to watch this video. We’re going to show you everything you need to know about using Bybit, a complete step-by-step guide to using the exchange like a pro. We also have hints and tips that you won’t find anywhere else, as well as an exclusive sign-up bonus. So be sure to watch right till the end. Before diving in, it’s important to state that, although we may have an affiliate relationship with Bybit, this video is not sponsored in any way. Let’s get started!

Overview of Bybit

Bybit is one of the top cryptocurrency exchanges, boasting over 20 million users. Founded in March 2018 and headquartered in Dubai, one of its co-founders serves as CEO. Bybit is tailored to professional traders, especially derivatives traders. It’s the second-ranked derivatives platform in the world, just behind Binance, and offers an advanced trading platform with an ultra-fast matching engine, 24/7 customer service, and multilingual community support.

Bybit is available in over 160 countries.
Not supported in the US, Singapore, the UK, some parts of Canada, and certain US-sanctioned countries.
Security and low fees are priorities on Bybit.

Setting Up Your Account

If you don’t have a Bybit account yet, you can use the link in the description to sign up and be eligible for up to a $50,000 signup bonus and 0% maker fees for 30 days, exclusively available for a limited time. Once you’ve signed up, you’ll need to fill out your email and choose a strong password to create your account. You’ll receive a verification email to get started with Bybit.

Enhancing Security

Security is crucial when trading on any platform. Bybit offers various security measures to protect your account:

Setting up Two-Factor Authentication (2FA) through Google Authenticator
Using fund password, UB key authentication, anti-phishing code, and more
Utilizing withdrawal lock feature
Verifying your identity for access to basic features

Trading on Bybit

Once your account is set up and secured, you can start trading on Bybit:

Buying crypto using fiat or bank transfer
Transferring crypto to Bybit from another wallet or exchange
Understanding different trading accounts: funding, spot, derivatives, USDC, and unified trading

Using Derivatives on Bybit

Derivatives trading is a key feature of Bybit, offering futures contracts and exploring other derivative products. You can trade derivatives using stablecoins like USDT or USDC, going long (bullish) or short (bearish) on assets.

Understanding leverage and margin trading
Utilizing the order calculator for informed trading decisions
Considering copy trading to follow expert traders

Withdrawing Funds

When you’re ready to take profits off the platform, you can easily withdraw funds from Bybit. Just navigate to your profile, select your assets, choose the funding account, and initiate a withdrawal by selecting the asset and providing the withdrawal address.

Additional Features on Bybit

Bybit offers trading bots, copy trading, and AI trade functionalities for advanced and beginner traders:

Spot grid bot for small profit-making
Dollar-cost averaging (DCA) bot for passive trading
Martingale bot for advanced strategies (caution advised)
Copy trading to mirror expert traders’ moves
AI trade GPT for AI-powered trading insights

Conclusion

Bybit is a comprehensive trading platform with a range of features for both novice and experienced traders. With a user-friendly interface, strong security measures, and low fees, it has become a popular choice among cryptocurrency enthusiasts. Remember to always have a proper trading and risk management strategy in place before trading on Bybit. If you’re interested in creating a Bybit account, use our referral link in the description to avail yourself of the signup bonus and trading fee discounts. Happy trading!

Hot Take

Bybit offers a user-friendly platform for both novice and experienced traders, with a range of features and strong security measures. Remember to have a proper trading and risk management strategy in place. Utilize the various tools and resources available on Bybit to enhance your trading experience. Happy trading!