Topic: Bybit Review: The Best Margin Trading Platform (Read 757 times)

It used to be a good exchange back then, but i don't think my opinion about them is the same, especially after forcing me to undergo facial verification every time I wanted to withdraw my funds urgently on an account that is fully KYC verified.

Be very careful withdrawing from that exchange, especially if your device does not have a good camera or no camera at all. Your funds will be stuck there until you verify your face 

It also turns out that I was not the only victim.

Bybit now forcing users to carry out Facial recognition when withdrawing.

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Bybit is operating well

They are very competent

The customer service is good

The bonus rewards are generous

But the most important is to make profitable trades from a profitable strategy

binance is indeed the main choice of trading platform and I think the best, but I personally also use other platforms not only binance, because some of the coins I own are also not available on binance, like bybit which I think is a good platform, we can use it safely, because basically security is what we are looking for, assuming our funds will be safe, and good service

So many traders are merging on Bybit, their growth is great because the platform works well with very little splilage and great promotions.

I don't agree with Bybit as the best margin trading platform, because Binance is still the best right now. Although Bybit exchange
not the best, but that doesn't mean Bybit is a bad margin trading. After all, the trading volume of Bybit is also high, so Bybit is
indeed a great alternative to a margin trading platform.

I'm a little shocked that some platforms don't have 24/7 support. Every trading platform must have around the clock support that responds quickly to user help, because they are working in a business with time-sensitive markets and by intuition, if people ask how to cancel and place orders and set stop losses and add more margin, these need to be answered immediately or trading opportunities can be missed or traders will incur more losses unnecessarily.

Tickets are too slow to use as a support method for trading questions but they are OK for other things.

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If you want to trade cryptocurrencies with a leverage, then you need to choose this particular cryptocurrency exchange. But you must first thoroughly study the trading conditions.
The Bybit exchange website is simple, from the moment of the first acquaintance it does not cause difficulties.
Several contracts for trading, not overloaded work panel, all unnecessary can be quickly removed. Accordingly, there is a difference in quotes, as on other exchanges - a feature of the market. But in practice, it causes minimal inconvenience when analyzing from another platform. Here, the calculation is still for long trading, and not fast transactions, as in the entire crypto market.
What I like about Bybit is that you can trade in large amounts and not be afraid to keep money in your account on the exchange. In relation to other exchanges, I have some kind of paranoia, because I have repeatedly lost money on exchanges, so I try to keep a small deposit and trade on different exchanges in order to reduce the risk of losing funds, but with Bybit there is no paranoia and my fears disappear.
Professional traders will certainly appreciate the instant execution of orders, the quick withdrawal of money, and the support work, which always helps with any questions (and does it quickly enough, against the background of some other representatives of the industry).
Probably of all the cryptocurrency exchanges with which I worked, Bybit is one of the most dynamically developing and at the same time reliable.

Serious doubts about this "exchange".

According to their website, they are registered in BVI (British Virgin Islands) - but a search of companies in BVI provides nothing.

They say they are "headquartered in Singapore and has offices in Hong Kong and Taiwan" - but give no addresses of either.

A lookup of their IP shows they are based in China & hiding behind a privacy guard:

Domain Name: bybit.com
Registry Domain ID: 8845633_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Updated Date: 2019-09-24T01:29:54Z
Creation Date: 1999-08-05T03:52:28Z
Registrar Registration Expiration Date: 2025-08-05T03:52:20Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email:
Registrar Abuse Contact Phone: +1.4806242505
Domain Status: clientTransferProhibited http://www.icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited http://www.icann.org/epp#clientUpdateProhibited
Domain Status: clientRenewProhibited http://www.icann.org/epp#clientRenewProhibited
Domain Status: clientDeleteProhibited http://www.icann.org/epp#clientDeleteProhibited
Registry Registrant ID: Not Available From Registry
Registrant Name: Registration Private
Registrant Organization: Domains By Proxy, LLC
Registrant Street: DomainsByProxy.com
Registrant Street: 14455 N. Hayden Road
Registrant City: Scottsdale
Registrant State/Province: Arizona
Registrant Postal Code: 85260
Registrant Country: US
Registrant Phone: +1.4806242599
Registrant Phone Ext:
Registrant Fax: +1.4806242598
Registrant Fax Ext:
Registrant Email:
Registry Admin ID: Not Available From Registry
Admin Name: Registration Private
Admin Organization: Domains By Proxy, LLC
Admin Street: DomainsByProxy.com
Admin Street: 14455 N. Hayden Road
Admin City: Scottsdale
Admin State/Province: Arizona
Admin Postal Code: 85260
Admin Country: US
Admin Phone: +1.4806242599
Admin Phone Ext:
Admin Fax: +1.4806242598
Admin Fax Ext:
Admin Email:
Registry Tech ID: Not Available From Registry
Tech Name: Registration Private
Tech Organization: Domains By Proxy, LLC
Tech Street: DomainsByProxy.com
Tech Street: 14455 N. Hayden Road
Tech City: Scottsdale
Tech State/Province: Arizona
Tech Postal Code: 85260
Tech Country: US
Tech Phone: +1.4806242599
Tech Phone Ext:
Tech Fax: +1.4806242598
Tech Fax Ext:
Tech Email:
Name Server: NS-407.AWSDNS-50.COM
Name Server: NS-815.AWSDNS-37.NET
Name Server: NS-1675.AWSDNS-17.CO.UK
Name Server: NS-1516.AWSDNS-61.ORG
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/

There are no details of who owns them, who runs them or of any Team members whatsoever anywhere.

When noob accounts suddenly pop-up out of the blue swearing how great they are, my suspicions are aroused - use this exchange at your peril - way too many red flags here.

Yes I am also read good reviews about baybit exchange. This is good choice for new members for doing morgin trading.

In Mobile also it work cool. In this platform we see good features for trading.

Please don't spam this thread.

Hi,

bybit is the best plattform for trading right now

check out this topic "Bybit pay-back, cash-back free bitcoins, without send any


https://bitcointalk.org/index.php?topic=5227533.new#new

More and more traders are moving there

previously I have tested this bybit site, I think bybit will be a competitor to bitmex but I am still hesitant to save my funds there, still do not know the safety of their site, I get their airdrop for a few dollars in the form of bitcoin and I test their margin trading using free capital from them, I get profit, I tried to withdraw ETH there and it was processed well, but I left my account there and didn't trade anymore, honestly I like the free one to try it, but I still don't want to play there using my own capital, maybe one day I will try again when the traders there are already crowded

Yes, of course.

Yep, Bybit offers Google 2FA which can also be read using something like Authy for 2FA protection. It's indeed pretty much a standard at this point in time, and even though it's got its own vulnerabilities too, it's another line of defense against anyone trying to hack into your account. The site also offers SMS and Email authentication for a bit of added security too, and as always, you should be using a different password than any others you are using online.

You can try the platform for free and they will give you bonus $10 USD for new users (you can't withdraw this but you can use it to trade and make profit, then just withdraw the profit) and up to 50% bonuse for first deposit AFAIK.

2fa is a common security so, why wouldn't Bybit offer it?

Honestly, I am having a second thought to use Bybit since I am an avid Bitmex user since before. But, I am also having an experience of overloading too and thinking t switch at Binance. But since I bumped here and read about Bybit, maybe I'm gonna try some trading there with small amount first to try the site.

Does Bybit offers 2fa, for strong security?

I don't think there is a best one out there. I used to trade with IG but now with eToro. Just like the trading community  in eToro.