Bybit is one of the top exchanges in the crypto market. It is a popular trading platform that has several outstanding features and aspects. This exchange is a well-known peer-to-peer trading platform and is based in Singapore.
The Bybit exchange has grown quite significantly since its establishment in 2018. One of several reasons for the success of this platform is that it has a remarkable team and people working to make sure the platform helps every user in buying or trading crypto assets.
If you are new to the world of crypto and are also looking for a reliable and suitable exchange then you should know the features of this exchange. If Bybit offers services that are according to your requirements then you can choose it to buy or trade digital assets.
Here are some aspects and features of the exchange you should know about.
Bybit Charges a Low Fee
One of the most important things you should always look for in any exchange that you consider choosing is the fee the platform charges. Every crypto exchange has a fee structure, however, it is not necessary that the fee structure is transparent and good. Therefore, you should take a look at the fee charged to the users by every exchange and then choose the best one.
Bybit is one of the top exchanges thanks to its fee structure. It is one of the platforms in the crypto market that charges the lowest fees. The Bybit fees is dependent on the fact whether you are a market maker or taker.
Depending on your position you will be charged:
- Maker fee: -0.025%
- Taker fee: 0.075%
Excellent Mobile Support
Crypto traders who trade frequently while managing other daily life tasks look for convenience. One of the ways an exchange can extend convenience to the traders is the availability of mobile-friendly applications.
A well-built mobile application can help crypto traders in trading while on the go. This can minimize several obstacles and problems for the traders who have a demanding schedule or have to travel a lot.
If you are looking for a well-developed mobile application then Bybit can be a suitable exchange for you. Bybit’s mobile application features helpful trading tools, has good functionality and an easy-to-navigate user interface.
Impressive Customer Service
Another remarkable and outstanding aspect of the Bybit exchange is its customer support. This is an essential factor for all crypto investors and traders, especially if they are inexperienced. An active team of experts can help the beginners in avoiding numerous problems and obstacles, which is why it is an important feature to consider.
The exchange offers one of the best customer support that is available 24/7. The customer service agents at Bybit are not only experts but are also responsive in case a user has any questions or concerns. The quickest way to get in touch with the team of customer support at the exchange is to click at the chat box at the bottom right corner of the interface.
Therefore, if customer support is a deciding factor for you then this can be a suitable exchange for you.
Data Analysis Tools
Bybit is one of the top trading platforms in the crypto market. It is not only suitable for people who are experienced but also for those who are new to the crypto space.
This exchange aims to make crypto trading easy and convenient for everyone. Therefore, it features several data analysis tools.
Here are the data analysis tools you can use and even download:
- Price moving averages
- Monthly price range
- Rolling volatility
- BTC daily realized volatility
There are several other data points, metrics and indicators available for the users as well.
Security of the Exchange
The Bybit exchange is one of the safest crypto exchanges in the market. Its security has never been breached and the funds of the users have never been compromised. This makes Bybit one of the few crypto exchanges that offers utmost security to the users.
If you use this exchange to buy, sell or especially trade cryptocurrencies you should know that your funds will be stored in the cold storage. This is one of the ways to keep the funds of users safe and out of harm’s way.
Also Read: Popular Crypto Exchanges you Should Know About
Key Takeaways!
There might not be any shortage of exchanges in the market for you. However, you should be careful while choosing an exchange whether you want to buy, sell or trade the crypto assets. Bybit is one of the top crypto exchanges in the market and if you are interested in using it then you should know some of the features it offers.
