Bybit Review: The Best Margin Trading Platform - page 2.

logfiles

copper member

Activity: 1946

Merit: 1613

Top Crypto Casino

Quote from: tonyvo2017 on November 20, 2019, 02:37:13 AM

At Bitmex we have our own website for statistics of orders and percentage in favor of Long or Short. So when playing margin at Bitmex, it will be easier for you to identify the trend because you have accurate and clear information.
You can refer to this site: https://coinfarm.online/index.asp
Because of this utility, I still appreciate Bitmex. It is safer and we will definitely pay a little fee for that service.

You can still use the same bitmex stats to follow the price trend even on Bybit. It isn't like the BTC or ETH price on Bybit will go in the opposite direction as compared to the price in bitmex

I have been using bybit for a while. The problem is your limit orders get filled much slower compared to bitmex because of low liquidity especially if you are looking to be a market maker. So this will force one to be a market taker almost now and then when trying to execute sell or buy order and there for you will pay the price through exorbitant fees for every trade you execute.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: BigBoy89 on November 07, 2019, 07:01:20 PM

Does anybody know do Bybit become 'unresponsive' like Bitmex on a sudden price movements? I'm talking about those moments where the Bitmex API is returning "Busy" and you can't even cancel your orders.

I don't think they are unresponsive during pumps. I wasn't here for the last one but a few before it they've stayed very responsive throughout.

They probably have better management of queued requests than bitmex does....

It's a shame they don't have all the trade pairs that bitmex does though but they do have more than binance at least afaik.

cryptoadvocate

jr. member

Activity: 112

Merit: 1

Quote from: AUruHM on November 29, 2019, 07:20:59 AM

Quote from: tonyvo2017 on November 20, 2019, 02:37:13 AM

In my opinion, Bybit is quite similar to other margin trading platforms, it is similar to Bitmex and Snapex, Binance, ... but it always lacks support bots for us to check. long or short command. At Bitmex we have our own website for statistics of orders and percentage in favor of Long or Short. So when playing margin at Bitmex, it will be easier for you to identify the trend because you have accurate and clear information.
You can refer to this site: https://coinfarm.online/index.asp
Because of this utility, I still appreciate Bitmex. It is safer and we will definitely pay a little fee for that service.

It's quite interesting statistics on-live. I spent some time for the long/short battle Grin

Sorry for offtop
About ByBit. Team's competition is not bad instrument for product PR. Imho if Bybit will make some more friendfull UI for traders (maybe Trailing or someone else) then it will be the killer feature for exchange

They have trailing

AUruHM

sr. member

Activity: 896

Merit: 251

Quote from: tonyvo2017 on November 20, 2019, 02:37:13 AM

In my opinion, Bybit is quite similar to other margin trading platforms, it is similar to Bitmex and Snapex, Binance, ... but it always lacks support bots for us to check. long or short command. At Bitmex we have our own website for statistics of orders and percentage in favor of Long or Short. So when playing margin at Bitmex, it will be easier for you to identify the trend because you have accurate and clear information.
You can refer to this site: https://coinfarm.online/index.asp
Because of this utility, I still appreciate Bitmex. It is safer and we will definitely pay a little fee for that service.

It's quite interesting statistics on-live. I spent some time for the long/short battle Grin

Sorry for offtop
About ByBit. Team's competition is not bad instrument for product PR. Imho if Bybit will make some more friendfull UI for traders (maybe Trailing or someone else) then it will be the killer feature for exchange

tonyvo2017

member

Activity: 526

Merit: 10

Lifestyle & Wellness Platform

Quote from: cryptoadvocate on October 16, 2019, 11:56:17 AM

Bitmex was my main platform for margin trading for years but 4 months ago I was fed up with the overloads and decided to give Bybit a try. Haven't gone back since and moved all my margin funds over.

I think it's by far the best option these days so I wrote a review to give people some thoughts on the platform so they can make a decision about trying it out.

Full review here: https://www.cryptoadvocate.net/post/bybit-review

In my opinion, Bybit is quite similar to other margin trading platforms, it is similar to Bitmex and Snapex, Binance, ... but it always lacks support bots for us to check. long or short command. At Bitmex we have our own website for statistics of orders and percentage in favor of Long or Short. So when playing margin at Bitmex, it will be easier for you to identify the trend because you have accurate and clear information.
You can refer to this site: https://coinfarm.online/index.asp
Because of this utility, I still appreciate Bitmex. It is safer and we will definitely pay a little fee for that service.

cryptoadvocate

jr. member

Activity: 112

Merit: 1

The Bybit BTC Brawl will be kicking off soon and I've joined as a team leader. If you want to register and trade alongside me here's my team link: https://www.bybit.com/team-detail?contestId=4&teamId=343

cryptoadvocate

jr. member

Activity: 112

Merit: 1

Quote from: nelson4lov on November 19, 2019, 02:46:42 PM

Quote from: AUruHM on November 19, 2019, 02:21:18 PM

Quote from: BigBoy89 on November 09, 2019, 12:14:16 PM

Quote from: AUruHM on November 08, 2019, 05:50:15 PM

Quote from: BigBoy89 on November 07, 2019, 07:01:20 PM

I just test it and I like it. Bybit currently has 35% of the Bitmex volume on BTC and nearly 50% on the ETH/USD which is very good!

Sorry, how do you count? And what do you think all orders are real? Many equal orders can say more than any investigations

Well, numbers are from their own sites. At least what Bitmex & Bybit are giving... Are the numbers manipulated, it's another story.

Current Bitmex @ BTC:

24H Volume   1,383,153,078 USD
Open Interest     821,992,112 USD

Current Bybit @ BTC:

24hr Volume     470,111,901 Contracts
Open Interest     172,149,044
Contract Value     1 USD

You are great. Thanks Wink

Do you self trust those volumes?

I have nothing against ByBit but I saw so many 'excellent' exchanges with good UI and volumes ... Have anyone investigation or the same about founders, team, location etc? Or it should be made?

That's my major concern too. Bybit has been heavily shilled in the last few months by some so called 'Pro traders' on Crypto Twitter. Judging from the exchange platform overview, It looks good, really good. But my concern goes beyond just UI/UX. I'm more concerned about the security of the exchange that would be in charge of my funds. I'll keep an eye on Bybit for now. I'm still using 2x leverage on Binance.

Takes time to gain adoption. Bybit reputation has been growing quickly

nelson4lov

hero member

Activity: 2030

Merit: 789

Top Crypto Casino

Quote from: AUruHM on November 19, 2019, 02:21:18 PM

Quote from: BigBoy89 on November 09, 2019, 12:14:16 PM

Quote from: AUruHM on November 08, 2019, 05:50:15 PM

Quote from: BigBoy89 on November 07, 2019, 07:01:20 PM

I just test it and I like it. Bybit currently has 35% of the Bitmex volume on BTC and nearly 50% on the ETH/USD which is very good!

Sorry, how do you count? And what do you think all orders are real? Many equal orders can say more than any investigations

Well, numbers are from their own sites. At least what Bitmex & Bybit are giving... Are the numbers manipulated, it's another story.

Current Bitmex @ BTC:

24H Volume   1,383,153,078 USD
Open Interest     821,992,112 USD

Current Bybit @ BTC:

24hr Volume     470,111,901 Contracts
Open Interest     172,149,044
Contract Value     1 USD

You are great. Thanks Wink

Do you self trust those volumes?

I have nothing against ByBit but I saw so many 'excellent' exchanges with good UI and volumes ... Have anyone investigation or the same about founders, team, location etc? Or it should be made?

That's my major concern too. Bybit has been heavily shilled in the last few months by some so called 'Pro traders' on Crypto Twitter. Judging from the exchange platform overview, It looks good, really good. But my concern goes beyond just UI/UX. I'm more concerned about the security of the exchange that would be in charge of my funds. I'll keep an eye on Bybit for now. I'm still using 2x leverage on Binance.

AUruHM

sr. member

Activity: 896

Merit: 251

Quote from: BigBoy89 on November 09, 2019, 12:14:16 PM

Quote from: AUruHM on November 08, 2019, 05:50:15 PM

Quote from: BigBoy89 on November 07, 2019, 07:01:20 PM

I just test it and I like it. Bybit currently has 35% of the Bitmex volume on BTC and nearly 50% on the ETH/USD which is very good!

Sorry, how do you count? And what do you think all orders are real? Many equal orders can say more than any investigations

Well, numbers are from their own sites. At least what Bitmex & Bybit are giving... Are the numbers manipulated, it's another story.

Current Bitmex @ BTC:

24H Volume   1,383,153,078 USD
Open Interest     821,992,112 USD

Current Bybit @ BTC:

24hr Volume     470,111,901 Contracts
Open Interest     172,149,044
Contract Value     1 USD

You are great. Thanks Wink

Do you self trust those volumes?

I have nothing against ByBit but I saw so many 'excellent' exchanges with good UI and volumes ... Have anyone investigation or the same about founders, team, location etc? Or it should be made?

cryptoadvocate

jr. member

Activity: 112

Merit: 1

Quote from: TGD on November 08, 2019, 08:44:52 PM

Bybit has a lot more good feature compare to bitmex. It's very handy to use in mobile and trading tools that available there is sufficient analyze chart.
Bitmex is very crappy exchange while bybit has very neat and cool UI/UX design. I'm using bybit for a while and I feel the best user experience there compared
on bitmex.

Glad you agree

BigBoy89

legendary

Activity: 1512

Merit: 1011

Quote from: AUruHM on November 08, 2019, 05:50:15 PM

Quote from: BigBoy89 on November 07, 2019, 07:01:20 PM

I just test it and I like it. Bybit currently has 35% of the Bitmex volume on BTC and nearly 50% on the ETH/USD which is very good!

Sorry, how do you count? And what do you think all orders are real? Many equal orders can say more than any investigations

Well, numbers are from their own sites. At least what Bitmex & Bybit are giving... Are the numbers manipulated, it's another story.

Current Bitmex @ BTC:

24H Volume   1,383,153,078 USD
Open Interest     821,992,112 USD

Current Bybit @ BTC:

24hr Volume     470,111,901 Contracts
Open Interest     172,149,044
Contract Value     1 USD

TGD

hero member

Activity: 1288

Merit: 620

Wen Rolex?

Bybit has a lot more good feature compare to bitmex. It's very handy to use in mobile and trading tools that available there is sufficient analyze chart.
Bitmex is very crappy exchange while bybit has very neat and cool UI/UX design. I'm using bybit for a while and I feel the best user experience there compared
on bitmex.

cryptoadvocate

jr. member

Activity: 112

Merit: 1

Quote from: AUruHM on November 08, 2019, 05:50:15 PM

Quote from: BigBoy89 on November 07, 2019, 07:01:20 PM

I just test it and I like it. Bybit currently has 35% of the Bitmex volume on BTC and nearly 50% on the ETH/USD which is very good!

Sorry, how do you count? And what do you think all orders are real? Many equal orders can say more than any investigations

Quote from: BigBoy89 on November 07, 2019, 07:01:20 PM

Does anybody know do Bybit become 'unresponsive' like Bitmex on a sudden price movements? I'm talking about those moments where the Bitmex API is returning "Busy" and you can't even cancel your orders.

Ye, it's the right question. This fact must be the main difference from the Bitmex. I think any who try trade on Bitmex felt such 'great' moment when exchange become frozen

Have never experienced unresponsiveness on Bybit. Main reason I changed

AUruHM

sr. member

Activity: 896

Merit: 251

Quote from: BigBoy89 on November 07, 2019, 07:01:20 PM

I just test it and I like it. Bybit currently has 35% of the Bitmex volume on BTC and nearly 50% on the ETH/USD which is very good!

Sorry, how do you count? And what do you think all orders are real? Many equal orders can say more than any investigations

Quote from: BigBoy89 on November 07, 2019, 07:01:20 PM

Does anybody know do Bybit become 'unresponsive' like Bitmex on a sudden price movements? I'm talking about those moments where the Bitmex API is returning "Busy" and you can't even cancel your orders.

Ye, it's the right question. This fact must be the main difference from the Bitmex. I think any who try trade on Bitmex felt such 'great' moment when exchange become frozen

Apened

hero member

Activity: 1386

Merit: 504

Quote from: cryptoadvocate on October 16, 2019, 11:56:17 AM

Bitmex was my main platform for margin trading for years but 4 months ago I was fed up with the overloads and decided to give Bybit a try. Haven't gone back since and moved all my margin funds over.

I think it's by far the best option these days so I wrote a review to give people some thoughts on the platform so they can make a decision about trying it out.

Full review here: https://www.cryptoadvocate.net/post/bybit-review

I like Bybit exchange too more than bitmex when it comes to interface and in the roe value that is in a Dollar amount. Also i heard that they add cross margin, definitely a good platform that may overpass bitmex in the future. So to say, there are many advantages of bybit over bitmex. The thing that i didn't like was the conversion, a trader must convert first into other coin before trading which has a fee unlike bitmex.
The last thing are the orders systems in bitmex which is vrry helpful for me i am waiting for bybit if they have a plan to add advance orders.

BigBoy89

legendary

Activity: 1512

Merit: 1011

I just test it and I like it. Bybit currently has 35% of the Bitmex volume on BTC and nearly 50% on the ETH/USD which is very good!

Does anybody know do Bybit become 'unresponsive' like Bitmex on a sudden price movements? I'm talking about those moments where the Bitmex API is returning "Busy" and you can't even cancel your orders.

cryptoadvocate

jr. member

Activity: 112

Merit: 1

Quote from: rijaljun on November 07, 2019, 07:00:58 AM

Quote from: adathompson2010 on November 06, 2019, 10:03:35 PM

could you tell us more on what advantages bybit has?

Better UI than BitMex. It is pretty important for new potential users and those who never experienced derivative trading previously.

Bybit motto is "We listen, we care, we improve" and 24/7 live chat is far better than raising ticket on BitMex. You can ask anything to Bybit official account on like 8 biggest social media platform in this world.

Last but not least, Bybit allows users to withdraw and deposit in all available crypto whole BitMex only allows users to deposit and withdraw in Bitcoin.

Not to mention the underlying technology of the platform

rijaljun

sr. member

Activity: 1274

Merit: 267

Quote from: adathompson2010 on November 06, 2019, 10:03:35 PM

could you tell us more on what advantages bybit has?

Better UI than BitMex. It is pretty important for new potential users and those who never experienced derivative trading previously.

Bybit motto is "We listen, we care, we improve" and 24/7 live chat is far better than raising ticket on BitMex. You can ask anything to Bybit official account on like 8 biggest social media platform in this world.

Last but not least, Bybit allows users to withdraw and deposit in all available crypto while BitMex only allows users to deposit and withdraw in Bitcoin.

adathompson2010

newbie

Activity: 2

Merit: 0

Quote from: rijaljun on October 19, 2019, 02:25:44 AM

Quote from: cryptoadvocate on October 16, 2019, 11:56:17 AM

I think it's by far the best option these days.

Absolutely, This platform has overcome BitMex, a lot of advantages (sorry for not mentioning them) provided by this platform comparing than some older ones. I gave a try and put all of my love to this platform from the first time.

Also, I have ever applied a vacancy there and passed the interview, unfortunately I'm not accepted, LOL.

could you tell us more on what advantages bybit has?

AUruHM

sr. member

Activity: 896

Merit: 251

Quote from: cryptoadvocate on October 28, 2019, 11:33:25 AM

Worth calling out that Bybit was the only margin platform not to crash or suffer from overload during the massive bitcoin move

Sorry, why do you say the same? Do you know where and who works on this exchange? Which datacentre do they use?
If ByBit will have the same count of active traders as Bitmex then we will see what it can. I'd be glad to have another good margin platform then Bitmex. But how to check that they can do their work better?

Topic: Bybit Review: The Best Margin Trading Platform - page 2. (Read 678 times)