Discover Bybit: a cryptocurrency exchange platform that offers a complete crypto trading service. We present this solution and the different features it offers in this article. We also give you our opinion on the Bybit exchange.
Mis à jour le 11/27/2023 à 14:33
Bybit is an exchange platform like Binance or Coinbase. Bybit allows you in particular :
Far from being the best known, it is a young and robust platform which has some major advantages: access to all the usual trading services, savings possibilities in staking, DeFi financing and access to a NFT market hosting many projects.
Bybit regularly organizes events: contests that offer rewards in the form of USDT vouchers.
Bybit offers various and varied functionalities in cryptocurrency trading but also safer and long-term investments such as savings. Here is everything the Bybit exchange offers :
You of course have access to a so-called custodial wallet. That is to say that you are hosted by a platform and not directly owner of the wallet, which has its advantages and disadvantages.
The advantage of a custodial wallet is its simplicity of use and the fact of being able to deposit your euros simply.
Bank charges for the purchase of crypto are very low, you have access to express purchase by credit card at 0% or bank transfer (less than €1 fee for a SEPA transfer).
Simply deposit your cryptos
You can also deposit cryptos directly on it : like any self-respecting wallet, you have deposit addresses for each token supported by the Bybit platform and this on a wide choice of payment networks.
For more security, we strongly suggest that you activate two-factor authentication (via SMS or Google Authenticator)
You can buy or sell at very attractive rates : you are taxed between 0.01% and 0.1% of the trading volume at VIP rank 0 (decreasing according to your use of the platform and your VIP rank).
You will have access to :
More than 200 spot markets are thus accessible, and the TradingView view is available with all the tools necessary for your analysis.
It is also possible to place buy orders (you buy if the price goes down to such an index) or sell orders (you sell when the price goes up to such an index).
You can participate in futures in x3 (on the rise or fall of a token) without risking a total loss of capital.
This functionality is not provided by all exchanges and it can be very appreciated to test oneself on the future markets without risking a loss of capital.
What is the crypto futures market?
Futures have been around for a long time in the standard economy :
We are talking about leverage ranging from 3X to 100X on risky markets. Exchange platforms have been offering these services for a few years.
The tokens accessible in leverage on Bybit are Bitcoin, Ethereum, Ripple and Solana.
Bybit allows you to participate in derivative markets or also called futures. You bet up or down.
The possibilities in future markets are immense on Bybit, and make it one of its main assets.
Derivatives have high volatility and it is a high risk investment with possible loss of total capital. Only try if you understand what you are doing, your capital is vulnerable.
Bybit therefore provides access to the futures derivatives market on many tokens and this with a selectable risk between 3X and 100X.
Like other exchanges, Bybit offers a launchpad. The platform selects new projects with a high yield period before the official launch.
You will thus have access to a grace period where your new tokens will take for example 2000% APY during the first week (decreasing thereafter).
What is the APY?
You will often see rates such as : 600% APY and this over a week of staking.
APY stands for Annual Percentage Yield or the annual savings rate. 600% APY, for one week, it is therefore 11% gain over one week which is however not negligible!)
The launchpad is an opportunity for staking on new tokens. It’s up to you to see if you believe in these new projects !
There are many options available to you when it comes to staking on Bybit :
Bybit offers an NFT market where different projects can be accessed, collectibles, card game.
For example, we can see @MightyMeta a series of collectible drawings (starting at $100!) or even ULTRAMAN cards resembling a card game.
It’s up to you to explore the possibilities of NFTs !
If you want to buy cryptos directly with fiat currency, Bybit offers very low fees compared to other platforms :
Fiat currencies are the regulated currencies that we know such as the Euro or the US Dollar.
The only other fees are on transactions (between 0.01% and 0.1%).
Registration by email is very easy and you will have access to a Lite version of Bybit, we advise you to pass the KYC identity verification in order to unlock all the possibilities that Bybit can offer you.
As soon as you sign up to Bybit, you will be asked whether “you are new to” or “you are an experienced trader”. A different experience depending on your level. Of course, we recommend saying that you are a beginner in order to better understand how the Bybit platform works.
The platform will offer you tutorials and help articles (sometimes in English) and will guide you to get started in cryptocurrency trading.
Il ne vous reste plus qu’à ajouter des cryptos via les réseaux disponibles ou d’acheter des cryptos par carte bancaire ou virement directement à des taux très intéressants.
All you have to do is add cryptos via the available networks or buy cryptos by credit card or bank transfer directly at very attractive rates.
You can also sponsor your friends with a bonus of 20€ possible per referral! And gift cards via contests up to €1000!
Bybit is a young exchange platform, it has interesting possibilities to promote !
Bybit is an interesting young platform in the making (a few missing features would be welcome!): in short, a very friendly exchange perfect for your savings and for testing yourself on derivative markets.
⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and shall not be held liable, directly or indirectly, for any damage or loss caused as a result of using any goods or services highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Web editor for many years and SEO specialist, Thomas became an editor for InvestX when the site was launched. Passionate about the field of crypto and Web3, Thomas has made it his mission to deliver maximum value and introduce readers to the world of blockchains, considered for him as the world of tomorrow.
Risk Warning: Trading financial instruments and/or crypto-currencies involves high risks, including the risk of losing all or part of your investment, and may not be suitable for all investors. Crypto-currency prices are extremely volatile and can be affected by external factors such as financial, regulatory or political events. Trading on margin increases financial risk.
Before deciding to trade in financial instruments or crypto-currencies, you should be fully informed of the risks and fees associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and tolerance for risk, and seek professional advice if necessary.
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