Bybit Overview
- What is Bybit?
Bybit is a cryptocurrency centralized exchange that offers trading on margin with leverage. While derivatives are their focus, Bybit also offers spot trading, allowing you to buy and sell cryptocurrencies at current market prices. Bybit is designed to offer a fast, reliable, and user-friendly trading experience with a strong deliverance on security and customer support. The platform features an intuitive interface, advanced charting tools, and real-time data to assist traders in making informed decisions. Bybit also offers features like the Insurance Fund and Auto-Deleveraging system to manage risks and protect traders from excessive losses.
- Main Features
- Focus on derivatives tradingQuick listing of new tokensDifferent type of trading tools/bots availableEarn interest with your crypto holdingsUser-friendly and high-performance interface
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Frequently asked questions
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Perpetual Contracts: These are derivative contracts that do not have an expiration date, allowing traders to hold positions as long as they desire. Perpetual contracts on Bybit mimic the underlying asset's price and are available for major cryptocurrencies.
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Inverse Contracts: These contracts allow traders to speculate on the price movements of cryptocurrencies against a quote currency, typically USD, using the cryptocurrency itself as collateral.
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USDT Contracts: These are contracts quoted and settled in USDT (Tether), providing a stablecoin option for traders looking to avoid the volatility associated with using cryptocurrencies as collateral.
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Leveraged Tokens: Although not a derivative contract in the traditional sense, Bybit also offers leveraged tokens, which provide leveraged exposure to the price movements of various cryptocurrencies without the need for managing a margin, liquidation, or funding rate.
Bybit offers several types of derivative contracts for traders, including:
Each of these contract types is designed to cater to different trading strategies and preferences, providing traders with a variety of options to trade on the price movements of cryptocurrencies on the Bybit platform.
Bybit charges a trading fee for both makers and takers, which varies depending on the market. Funding fees for perpetual contracts are exchanged between traders based on market conditions. There are no fees for deposits, and withdrawal fees are minimal, covering only the network fee.
Yes, Bybit offers two KYC verification levels. Completing KYC verification unlocks various features and increases your withdrawal limits. However, some basic functionalities might be available without KYC.
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