ByBit exchange registration opens access to a variety of operations with cryptocurrency. The platform started operating in 2018 and currently has about 250 employees. The project was founded by a group of experts specializing in investment banking, blockchain and Forex. During the existence of the site more than 5 million people have registered here.
Before trading on the ByBit exchange, it is worth getting acquainted with the peculiarities of the process in detail. The company helps newcomers to understand the nuances, regularly publishing training materials. There is also an opportunity to try the system without financial risk at testnet.bybit.com, and experienced traders can start trading immediately after getting into an account and funding the account. The ByBit exchange review will continue with a description of the features it provides.
The site works in 12 languages, including English, French, Spanish, and Portuguese. The site guarantees round-the-clock access to crypto-trading. Even during periods of volatility, the probability of failure does not exceed 0.1%. Exchange customers can conduct transactions in the following markets:
- Spot;
- Inverse perpetual contract;
- USDT perpetual contract;
- Inverse futures.
The company offers more than 100 assets in spot trading, as well as from 100 perpetual and quarterly futures.
Profitable cryptocurrency storage at ByBit is also possible. The site has a ByFi platform whose users can earn income from investing free assets.
DeFi’s mining is done on the Curve platform. Customers receive income in the form of management tokens (CRV), the amount of remuneration depends on the invested amount (from 6% to 17%). At the end of the staking period specified in the promotion terms, the exchange returns the invested funds to the ByFi-account together with the earnings minus Curve’s commissions. The service is not owned by ByBit, so you have to accept all the risks associated with contract security, market volatility, liquidity crisis, etc.
Flexible Stacking is an opportunity to earn from token and coin investments (BTC, USDT, ETH, USDC). Income is credited to the ByFi account daily in the same assets. It is calculated according to the formula: APY (annual percentage) of the token / 365. Investments can be withdrawn at any time. To do this, simply go to the ByFi page in the “Orders” section and make the necessary actions in the tab “Flexible Stacking”.
Dual-mining is an investment product that allows you to earn on the distribution of liquidity in the optimal price range. ByBit exchange takes care of the management. The deal is concluded for 1, 3 or 5 days. The asset is a pair involving USDT and an alternative token. At the conclusion of the transaction, a reference price is formed, calculated 5 minutes after the acceptance of the order. 30 minutes before the expiration time, the settlement price is set. If the benchmark price is higher than the settlement price, the alternative token is taken as the basis, if lower – USDT. In the first case, the player’s income can be negative and the player will receive a loss instead of profit.