Bybit, established in 2018, is a cryptocurrency exchange that has successfully distinguished itself among the key players in the field of blockchain finance. Headquartered in Dubai and registered in the British Virgin Islands, it has attracted over 15 million users worldwide under the leadership of Ben Zhou.

Bybit exchange not only offers wide geographic coverage, covering 160+ countries and supporting 21 languages and dialects, but also has an impressive ranking in CoinMarketCap rankings. Based on trading volume in the derivatives market, Bybit is firmly in second place, behind only Binance. In the spot trading segment, it occupies an honorable third place, losing leadership to two giants - Binance and Coinbase.

Bybit provides a wide range of trading options. Cryptocurrencies, perpetual and futures USDT and USDC contracts, as well as inverse futures are actively traded on the exchange. The platform offers innovative tools for passive income through the “Earn” and “Crypto Loans” sections. An important feature is the presence of its own NFT marketplace, a Web3 cryptocurrency wallet, and a launchpad platform for launching new tokens.

Bybit is also actively implementing artificial intelligence technologies, offering trading bots for spot and derivatives trading. The copy trading section is supported, creating unique opportunities for experienced traders and beginners.

In general, Bybit not only provides a wide range of financial instruments, but is also actively developing in the direction of innovative technologies and services. This exchange undoubtedly plays a key role in the development of the world of cryptocurrency trading, providing its users with the opportunity to participate in promising and highly profitable financial transactions.

Markets ByBit

Spot market

On the spot market, Bybit offers a wide selection of cryptocurrency pairs made up of 351 unique cryptocurrencies, creating 444 trading opportunities. Trading pairs can be formed using USDT, USDC, BTC and DAI. The uniqueness of the exchange is manifested in the possibility of margin trading in cross-margin mode with leverage up to 10x, which provides traders with additional strategic opportunities.

The exchange's extraordinary flexibility is evident in the fact that some cryptocurrencies are listed in EUR, providing a variety of trading options. Bybit's average daily spot market trading volume, valued at $1.5 billion according to Coingecko, underscores its importance in the industry.

The most traded instruments on the exchange include BTCUSDT, ETHUSDT, BTCUSDC and ETHUSDC, which make up a significant portion of the daily spot trading volume.

Special attention is paid to the “Margin Trading” tab, where instruments with leverage are presented. Traders are provided with information about the available maximum leverage for each pair, which makes it possible to effectively manage risks.

It is also worth highlighting the availability of leveraged tokens on the Bybit spot market, providing unique opportunities for traders wishing to participate in dynamic market movements using leverage. These tokens are presented in the form of “Cryptocurrency Name/Leverage Size/Trade Direction”, which ensures transparency and clarity in the choice.

Bybit, with its variety of trading tools, efficient information organization and innovative approaches to margin trading, provides traders with powerful tools to successfully participate in the dynamic world of cryptocurrencies.

USDT market

Bybit offers a variety of USDT contracts, including 271 perpetual futures (BTCUSDT, ETHUSDT, DOTUSDT, etc.). Traders can trade using leverage in Cross Margin, Isolated Margin and Portfolio Margin modes. Of particular interest are the BTCUSDT and ETHUSDT contracts, where leverage of up to 100x is provided, and for other contracts - up to 50x.

A unique feature of Bybit's USDT contracts is that they are quoted in the base currency (BTC, ETH, etc.) but are settled in USDT. This ensures transparency in the cost of contracts, as well as ease of settlement when trading on margin.

Although Coingecko and Coinmarketcap do not provide detailed data for each individual section, the overall statistics for the futures market on Bybit are impressive. The average daily trading volume reaches $10 billion, and the average daily open interest is $5.5 billion. These figures highlight the activity of traders and the attractiveness of the platform for cryptocurrency trading.

USDC market

Eight perpetual USDC contracts are traded on Baybit. Derivatives are similar to USDT perpetual futures, but are quoted and settled only in the USDC stablecoin. The BTCUSDC contract is traded with leverage up to 125x, ETHUSDC up to 66x, and other contracts with leverage up to 50x. Trading USDC contracts is possible in regular margin and portfolio margin modes. Regular margin is cross margin. Portfolio margin is a mode in which margin is calculated based on the overall risk of the portfolio. In this mode, all futures and options positions are taken into account to calculate the trader's margin.

Available USDC futures

In addition, 14 futures for BTC and ETH are traded in the USDC contracts section. The contracts are settled quarterly - that is, the expiration date of the first BTCUSDC contract is at a “distance” of three months from the expiration date of the second BTCUSDC contract.

Inverse Futures Market

Perpetual inverse futures on Bybit are paired with USD and operate under special conditions. In this market, prices are quoted in USD, but all calculations, including margin, profit and loss, are carried out in the base currency such as BTC, ETH and others.

Perpetual inverse futures trading on Bybit is available in two modes: cross margin and isolated margin, giving traders flexibility in managing their capital. Leverage in this market varies from 1x to 100x, which opens up wide opportunities for traders with different trading styles and risk levels.

Inverse contracts are aimed at opening long positions, which allows traders to benefit from rising prices of underlying assets. For example, when opening a long position on an inverse ETHUSD contract, the trader makes a profit in ETH as the price of ETH rises. A significant benefit is that the dollar value of the ETH accumulated will increase as the price of ETH rises, making the profits more significant compared to linear contracts.

Thus, Bybit's perpetual inverse futures provide traders with unique opportunities to effectively manage their portfolio, use leverage, and maximize profits when opening long positions.

Mobile app

Bybit has developed a mobile application designed to meet the needs of the digital generation and traders who are always on the move. This app is available on both iOS and Android devices and provides high functionality tailored for a mobile experience. Almost all the features of the Bybit web version are available in the mobile application, providing traders with advanced chart settings and order management.

An important element of the app's functionality is the ability for traders to set price levels and receive push notifications to their mobile devices when they are reached. This becomes an essential tool for those who want to stay updated on their open positions in real time, regardless of their location.

Crypto derivatives traders on Bybit can also take advantage of advanced order forms, a distinctive feature rarely found on other exchanges. The mobile app makes these features easy to use by making them easy to access and manage.

The Bybit app has already gained the trust of tens of thousands of users with positive reviews. While many people prefer the web version for deeper analysis and big-screen trading, the mobile app is a great companion for those who are constantly on the move or want to monitor their trades in real time, even while away from the computer.

Order types

• Market Order - This order is placed at the current market price.

• Limit Order - This order is the preferred method of trading. The order is placed at the level chosen by the trader, which may differ from the current market price. Technically, this order is open and awaiting “fill” by a buyer or seller who is comfortable with the price.

• Conditional Order - This order will be executed as either a market order or a limit order once a certain price level is reached. After taking a position, you also need to determine the trigger price along with direction, volume and leverage.

Stop losses: When trading with leveraged funds, stop losses can be a crucial feature. There are several ways to set a stop loss on Bybit and traders should familiarize themselves with them to optimize the trading process.

Safety

With the increasing incidence of crypto exchange hacks, traders are becoming more careful when choosing where to store their funds. Bybit, unlike some other exchanges, has not experienced hacks, nor have BitMEX, Kraken, and Coinbase. However, it is important to realize that the concept of absolute security on a crypto exchange does not exist. Therefore, when users deposit their funds on Bybit, they transfer responsibility for their security to the exchange.

Bybit provides a high level of security by storing all user funds in cold storage. According to information on the website, in the event of a hack, the exchange promises to fully compensate clients for losses. This is also confirmed by the exchange providing documentary evidence of the availability of reserves under its control. This move strengthens traders' confidence and highlights transparency in the management of funds on the platform.

Reviews

Bybit is highly popular among crypto traders due to its outstanding customer service and variety of services provided. The platform offers various order types, providing traders with ample options to execute trades according to their strategies. In addition, Bybit provides powerful data analysis tools, which gives traders additional advantages when making decisions.

One of the key advantages of Bybit is also a high level of security, ensuring the safety of user funds. This builds trust among traders in the platform, making it the preferred choice for cryptocurrency trading. Overall, Bybit continues to strengthen its position as a reliable and innovative crypto exchange in the world of digital assets.

Conclusion

Ultimately, Bybit is a versatile crypto trading platform that enriches the user experience with a variety of features. Having become one of the world's leading crypto exchanges with over 10 million active users, the exchange stands out with a number of key features. These include the ability to trade using leverage, the use of cold wallets to ensure the safety of funds, low commissions and efficient customer service.

Bybit is becoming an attractive choice for those looking for a secure crypto trading platform. The exchange also pleases clients with promotions and bonuses, strengthening its position in the market. Choosing a crypto exchange that suits all your requirements is key, and Bybit provides many features that make it one of the best options for successful crypto trading.