Topic: What do you think about the platform FYBIT.com ? (Read 539 times)

The price eventually dropped below $41,000, are we continuing the downward trend?

Now the situation is favorable for the breakdown of the $45,000 level and further upward movement. If there is a breakdown of the level, then we can talk about a local and global uptrend. For this, there are quite a few signals. However, a pullback to $41,000 also looks very likely.

What do you say now about bitcoin?
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Judging by the chart, the downward movement in bitcoin is not over yet. In the coming days, we will see, 36000. Then we need to look at the price reaction and volumes. On a weekly timeframe, we have a double top, but this pattern is unlikely to work out due to the lack of climactic volume. On the other hand, the formed level at, 32000 indicates a strong demand zone, which most likely will not be broken through, and in the long term, growth looks more promising.
By the way, you wrote that there is no mobile version on Fybit, they launched a mobile version of the platform a few days ago. It doesn't matter to me, but it mattered to you.
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Yes, I'm already using the mobile version. Excellent forecast, everything as you said, the price eventually went down. Next, we are waiting for $32,000?

What I don't like:
1. There is no mobile version. The support service says it will be available until the end of February. We are waiting.
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What do you say now about bitcoin?
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Judging by the chart, the downward movement in bitcoin is not over yet. In the coming days, we will see, 36000. Then we need to look at the price reaction and volumes. On a weekly timeframe, we have a double top, but this pattern is unlikely to work out due to the lack of climactic volume. On the other hand, the formed level at, 32000 indicates a strong demand zone, which most likely will not be broken through, and in the long term, growth looks more promising.
By the way, you wrote that there is no mobile version on Fybit, they launched a mobile version of the platform a few days ago. It doesn't matter to me, but it mattered to you.

I cannot recommend any platform like Binance and Fybit to anyone. Everyone makes a choice. And I agree with you that even after a while, one or another platform cannot be recommended to anyone, since there are risks everywhere. In fact, if your money is not stored in your personal wallet, it means that you do not own this money.
I am not defending Fybit here, I wanted to know who knows about this platform. But when I saw the answers of several people, I decided that this was too little. So I started checking it out myself because Fybit reminded me of Bitseven. Now I have experience on this platform and I can share it. I do not recommend it to anyone, but I say that there are no questions about the operation of the platform, and you can trade on it. But this choice must be made by each individual. 

The reason I am suspicious about Fybit is not just because only couple of newbies here ever heard of it, but because you are defending platform that you (allegedly) just started to use. Coupled with dodgy stuff like newbie account waking up after several years break just to write that he us using this exchange. If I learned anything here its that stuff like that is usually not a coincidence.


I do use Binance occasionally but I would never recommend it to someone after using it for a few days or weeks. Hell, even after using Binance for 4 years, I still don't trust them much, especially not with bigger amounts.


It's true, not all exchanges listed on CMC/Coingecko are good or trusted, far from it. I would even say that majority of exchanges listed there shouldn't be trusted but you know which exchanges I trust even less than those that are listed there? Those that are not even listed, meaning they are most likely hiding something.

I use a stop loss, close a losing position in the range of 30-50%. I trade in isolated margin mode. I looked at your account on tradingview, do you have any trading channel? I would like to observe your market analysis.

Totally agree with you. Until at least a year has passed, and the platform has not proven itself, nothing can be said. So far, withdrawals and deposits are very fast and there are no questions about the operation of the system. I'm still eyeing this platform.

Maybe they have a different basis on how they rate an exchange and based on what the OP is saying I think they say its a good exchange because of its appearance but to us that's not our basis. For me, a good design is not enough to impress me or to say that it was really good because what if I use it and I cannot withdraw my funds? Or there are less volume going on that exchange? Good design is going to be very useless then.

And not all that are listed in cmc is good or trusted but exchanges or the coins listed there can sometimes come and go. This is exchange can be new and we can give them some time to grow but for now, we have better exchanges to use than this one.

The fact that the platform is unknown to a few people here means nothing, how do you know how many people are currently trading there? You judge by yourself. Just because you don't know doesn't mean no one knows about it. And what is most interesting, any person who writes any review about the platform here is immediately a figurehead. Are you not funny yourself? You think that everyone should repeat after you. But there are traders who use different platforms, and they like it. I am not related to this platform, but I like it and I trade there. The longer I trade there, the more I like it.
Do not judge by yourself, you like Binance, for example, trade there. And it’s already funny to read your comments that if at least someone knows about the platform, this means a figurehead. Don't be a clown.

User dudzhadjerel wakes up after several years break just to write a review about some obscure exchange that noone on this forum ever heard of, apart couple of newbie accounts. What's even more interesting is the way dudzhadjerel got his only merit; it was for this post written four and a half years ago, but he got merit for it few days ago.


Nothing suspicious going on here, keep on with the regular activities.

If the price moves against you, how do you control your risk with such high leverage? Are you using a stop loss or waiting to be liquidated?

I open a position with 50-75 leverage using 25% of the working volume. Then, with 1 leverage, I add another 50% of the working volume to the position. Then, depending on the direction of price movement, I add the remaining 25% of the volume. If I am already in profit, then I use leverage 25, if I am in the red, then leverage 1 or 5. Thus, I vary the average leverage and the average position opening price.

An interesting note about the choice of leverage. What leverage do you use in your trading?

I read the discussions about the platform here, and I want to share my experience of using it.
I've been trading on fybit for a month now. I was invited by my mentor, who has been trading there since the first day of opening. I didn't notice any difference in terms of security or the quality of the system, everything is about the same on all platforms.
What I liked:
1. Excellent support service. They respond quickly and write in detail about how to solve a particular problem.
2. Instant deposits and withdrawals at any time.
3. Simple interface with a full set of functions. My mentor conducts trading training for beginners and invites everyone to fybit via an affiliate link. All beginners understand from the first use how to use all the trading functionality. We are all in a general chat, so we are discussing these issues.
4. A convenient calculator on the website, with which you can easily calculate positions when averaging. It is a pity that only 5 orders count, we have to rewrite the values again if there are more orders.
5. Loyal attitude to customers. Once, I received a loss due to the fact that I could not close a position in time due to a technical error. I was compensated for both the potential profit and the entire loss within 3 hours. It's really very cool.
6. No KYC.

What I don't like:
1. There is no mobile version. The support service says it will be available until the end of February. We are waiting.
2. The design of the pages, except for the chart page, looks cheap. It can be seen that only the chart page and the support page have been worked out in detail.
3. There are no languages other than English. They promise to add, but no one talks about the timing. I use English, but it seems to me that this way there would be more trust in the platform.
4. They do not work on the market for a long time. While there are concerns, this cannot be fixed, only time will be able to show how reliable the platform is.
5. There are some settings missing that are needed specifically for me. For example, the choice of leverage of any size. Perhaps this is not a critical moment, but it would be convenient for me to enter any leverage value from 1 to 100.
6. Few trading pairs. Mainly because of this, I have to trade only bitcoin.

This is my personal review of fybit. There are both pros and cons, just like in any other platform. Everyone decides for himself which platform to use. But the attitude to customers, I was bribed here.

Show me where exactly I wrote that I withdrew all my money from them? I keep funds with them, as the security of storing funds with them remains the highest. I keep funds in a cold wallet and use several platforms to diversify. Binance is the best place to store funds. Before you accuse someone of lying, carefully read everything that was written earlier. You are already trying to come up with something. I still have sediment, but their reliability is still the best. I withdrew a fairly large amount of funds from them and only once met with a double deduction of the withdrawal fee. Previously, I mostly traded only with them, including managing someone else's account on Binance, but now I have distributed the working volume across several platforms.
It's already funny for me to read, what new accusations will be from your side?

Wait a second. Just a couple of days ago you said that Binance stole your money, that you are not using them anymore and now you changed the tune and its the most reliable and the one where you keep most of your funds etc. Which one is it buddy? Let me share the quotes for others to see:



Caught in the web of your own lies...

I wrote this not because of the benefit I want to get from your 100 dollars, but in order to make a bet. I know my capabilities, and I can provide here the TXiD of the amount that you write, but I will not do this for the sake of your curiosity. Therefore, if you are not ready to make a bet with me, then I have nothing to prove to you. I am a professional trader and I don't need to prove it to anyone. But betting on interesting conditions is more attractive. I didn’t write how much you should deposit on your balance, even if it’s $100, I absolutely don’t care, it’s more interesting for me to win a bet.

What do you mean by not showing any signs of life for 5 years? I don't understand what is it about?

How about your admission that 1 bitcoin is a small amount? I guess rich people like you don't need affiliates from me or anyone else in this forum who only has $10-100 in our wallet. Have you just proven yourself that you actually need affiliates from small traders? which mean ...

And I don't need to make a deal with you about this ridiculous exchange. If you don't want to fulfill this proof, that's up to you.

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One more thing I repeat,
there are only 2 3 updates for 5 years, wth progress is this?

Let's pretend I write a TXiD transaction, what does that prove? How will this affect in general what we are discussing here in this thread? I will do this, but not to please your pride, but on the following condition: you and Rikafip will register using my affiliate link on Fybit, and will trade there for at least half a year, so that I not only amuse your curiosity but get some then the effect of this useless action. If you do not agree to this, then I see no reason to prove something to you. And so I will satisfy your curiosity and earn an affiliate commission from you.