Topic: ByBit - Crypto Derivatives Exchange | EOS team based contest - $60k prize pool - page 2. (Read 924 times)

Bybit.com released:

Lucusfoundation,

Thank you. Regarding your questions:

Fair: no system overload and our maintenance margin is fixed at 0.5%, meaning that people get liquidated less often. We also use an ADL system to deleverage the riskiest and most profitable traders instead of having everyone pay.


Safer: We use a dual-price mechanism to protect from market manipulations, use a multi-sig cold wallet keeping all funds safe without any funds online, and have a recurrent audit by security teams testing our systems. Lastly, our entire system is custom-made in house by professionals from previous world-wide financial companies.

Best of lucks to you guys.
Have one question only:

How are you guys safer and more fair than the rest of your competition?
Best!

Current stats on Bybit.com:

Average daily trading volume: 2500BTC
Registered users: 27,124
Liquidity: $5M+


--------------------REMINDER-----------------------

Our Wheel of Fortune promotion ends in a week.
You can still win up to $7,000 as a credit for trading.
Whatever you profit from trading - is yours!

--------------------REMINDER-----------------------

Dear trendcoin,

Please contact our customer support, they will be able to help you immediately.


Please note:
Only deposited funds and/or profits from trading can be withdrawn [min amount > 0.0025 BTC].
The credit won through Wheel of Fortune promotion can be used for trading only.

1 more Spin

Starting from December 19 and lasting for a week, Bybit will launch its Christmas promotion with a series of 7 Christmas and cryptocurrency themed posters.
One poster will be posted each day on both Twitter and Instagram.

Those wishing to participate in the promotion simply have to follow the official Bybit account and share the poster of their choice, or all of them, with #cryptomas #bybit and their UID in the post to be eligible for an additional spin in Bybit’s wheel of fortune!

Slow Death and milewilda, many thanks for the first feedback.

Regarding registration:
Bybit is registered in BVI, headquartered in Singapore with additional offices in Shanghai and Hong Kong.

Co-founders:
Ben Zhou - a former executive of well-known retail FX firm XM.com
Bonnie Wang - a computer scientist specializing in high-frequency trading and electronic trading systems (from Morgan Stanley)
Ken Zhou - a derivatives trader with over a decade of experience

Customer support:
Bybit specifically offers better customer support than our competition as we believe there is a lack of a human touch in not only trading crypto, but in trading in general. The focus of Bybit are the customers using the platform because as traders ourselves we understand the needs of people like you.

Educating people is also one of our primary concerns so that they can trade responsibly by properly understanding key market concepts which we do through Bybit Academy, which includes weekly published articles written in simple terms. The platform itself is very transparent with a livestream of the API data, meaning there's no unfair advantages and no internal trading team manipulating the market. In fact, transparency is a core value for us and not something we "strive" for, we do it.

Our Chat, Twitter and Telegram are always available so that you can reach out to us through and get immediate answers from people in the company if you don't have a technical issue that would require our CS team. We also have individual Twitter accounts so that you can talk to specific individuals in the organization.

Follow or get in touch with us here:
https://medium.com/bybit
https://t.me/BybitTradingChat
https://twitter.com/Bybit_Official
https://steemit.com/@bybit-official
https://www.reddit.com/r/Bybit/
https://www.linkedin.com/company/bybit-fintech-limited/
https://www.youtube.com/channel/UChwL8TDRufr2PDkU6GJUkLQ/
https://www.facebook.com/bybitfintech/
https://www.instagram.com/bybit_official/

Exchanger business if really profitable if you do able to hit up the right spot but it seems these new exchangers doesnt really care about transparency on the initial phase.So its not surprising that lots
of them wont really give any consideration or attention to the market. I would like to hear out on whats their answer regarding on what you have asked.
First thing i do notice i thought it was a gambling site yet it do have a roulette wheel showing up some bonus. lol

I have some questions:

- Who is the owner of the exchange?

- Where is your exchange located? I saw this:


http://whois.domaintools.com/bybit.com

Are you located in the USA?

many new exchanges focus a lot on fee, but they forget to offer something different, in this very competitive market many owners of the exchanges are not anonymous. if you want to compete with someone, then offer a better service than your opponent

ByBit.com,
Crypto Derivatives Exchange, has been publicly launched at https://www.bybit.exchange/
to tackle present market inefficiencies and manipulations,
striving to provide a safe, fair and equally competitive environment for all type of traders.


Pairs to Long/Short (futures without expiration date)

• BTCUSD
• ETHUSD
• EOSUSD
• XRPUSD

Leverage

• up to 100x for BTCUSD and ETHUSD
• up to   25x for EOSUSD and XRPUSD

Trading Fees

• Maker’s rebate: -0.025%
• Taker’s fee: 0.075%
• Maintenance Margin: 0.5%

Matching engine

• Up to 100,000 TPS per contract - overloads are no more the reason for losses or missed opportunities.

Support

• 24/7 Multilingual Professional Customer Service
• Chat and email (currently English and Chinese)

API

• WebSocket  
• REST

Order System

• Limit | Market | Conditional Order
• GTC | FOK | IOC
• TP | SL -  to be set in the order entry tab
• Trailing Stop - as a Closing Strategy

Protection

• Multi-Signature Cold Wallet
• Dual Price Mechanism - last traded price tethered to the market price to prevent manipulations
• Contract Loss Mechanism: Insurance Fund > Auto-Deleveraging