Bybit was established recently in 2018 as an exchange for cryptocurrency derivatives. The team who have developed this exchange are the experts with experience in investment banking and the Forex industry. 

Its headquarters are in Singapore and the British Virgin Islands it is registered. Worldwide it has 1.6 million users and the main objective of it is to provide users with a seamless trading exchange to enhance their trading experience.

In this blog, we will discuss all the details that one should be aware of before they decide to do a Bybit login and begin their journey of trading on this platform. 

Perks of using Bybit

If you're an existing user, then you are already aware of all the features a user can use after Bybit login. But if you are a newbie and are still confused between all the exchanges and cannot decide which one you should use because each one of them seems similar. Then to solve this issue in this section we’ll learn what those unique features are given on this platform that separates it from other platforms:

·         Option for trade derivatives is available on this exchange that includes Bitcoin and many other popular cryptos. It also includes three types of contract options namely Inverse Futures, Inverse Perpetual, and USDT Perpetual.

·         The feature of cross and isolated trading is also available to the users.

·          Conditional orders, conditional limit orders, stop loss orders, limit orders, and advanced orders, for instance, Immediate or Cancel (IOC orders), Goods till canceled, and Fill or Kill orders are also permitted by Bybit. 

·         Data Analytics tools are also made available for the users. These tools monitor the performance of the coins invested in along with all the other coins available on it. It includes features such as specific index prices, market analysis, funding data, rolling volatility chart, price moving averages, and many more. 

Still, thinking that Bybit is the same as others? None of the exchanges provides this vast variety of functions to its users. And because of this, an investor gets easily attracted to it. Now you must be wondering if it provides so much advanced features then why does it not have a large number of users? Well, the answer is that the investors are not aware of all of its features. Now, what are you waiting for? Go and do a Bybit login and enjoy all of these services.

Accepted Payment methods of Bybit

You can make a payment or deposit into your Bybit account via MasterCard, Electronic fund transfer, Visa, or the Bill payment option. Mercury, Banxa, MoonPay, and Xanpool work in collaboration with Bybit to support the payments if made by using fiat currencies. 

Available Security features

How much do you think Bybit spends on its security functions for the users? Bybit has set that 20% amount from the annual budget will be spent on enhancing security features every year whereas on average every other exchange spends up to 15% on security features.
It has also adopted the cold wallet functionality and not the hot wallet, unlike other platforms. Using cold wallets also provides some additional security to the digital assets stored in them. Even if you request for withdrawal you will have to undergo three steps for security verification and manual reviews which calculate the risk after completion of all these steps your withdrawal request will be accepted. A withdrawal request can be made every 8 hours a day by a trader. To enhance the security of your account, do your Bybit login and then enable the 2-factor authentication process of your account. 

Customer Support Services

As we have said that the main goal of Bybit is to provide the best thing for its users so you must have already guessed that their customer care services will be good. Bybit has 24x7 live chat and phone services available for traders. And these services are available in more than just one English language. It is available in Vietnamese, English, Spanish, Chinese, Russian, Mandarin, Korean, Japanese, and Cantonese. And if even after all this you are unable to connect with their customer services, you can write an email to them. They have different email addresses set up for every other department. Just do the Bybit login and find the email addresses in the support section. 

Summing it up

As per our assessment, we can say that Bybit has very unique functionalities for the users which as a result it makes the user experience way better than the other platforms. Though if you are seeking any financial or investment advice individually then it is advised to not use this platform because Bybit does not provide these kinds of options. But other than that you should definitely try and create an account on the platform and then do the Bybit login to enjoy your seamless and safe trading.