Is Bybit exchange reputable?
Founding team:
Bybit's founding team are leading experts from the Forex and banking markets, especially the development team has many years of experience in large organizations such as: Ping'an Bank, Morgan Stanley, Tencent, Nuoya Fortune.

In it, Ben Zhou – CEO of Bybit is a true expert in the forex and cryptocurrency market. He believes that there needs to be a better exchange than investors need to focus on their expertise.


Ben Zhou – CEO of Bybit
Unlike other exchanges, Bybit currently focuses on developing high leverage derivatives trading on the underlying cryptocurrencies to provide the best experience for traders.

Dubbed one of the trusted exchanges, Bybit has a track record of operating with 99.9% accuracy even in volatile markets.


Bybit trading volume in 24 hours
The exchange is also licensed to operate in the Virgin Islands (UK) and currently has more than 300,000 users in 117 countries around the world. At the time of Thanh writing this article, the number of transactions on Bybit exchange in 24 hours is: $5,946,022,100.

Security factor:
Is ByBit exchange safe? Up to now, Bybit has never been hacked or shown signs of floor collapse, which can partly prove that the floor's technical experts have done a pretty good job in terms of security and safety. customer account. Bybit applies some of the following forms of security:

2FA 2-Factor Authentication: This form is quite safe for users' online accounts, in order to log in to their accounts, users need a password and a confirmation code sent to their personal phone through the application. Google Authenticator.
Email Authentication: all activities on a user's account are authenticated via Email, so make sure the Email you use has never been disclosed, otherwise all efforts of the exchange. also become meaningless.
Authentication via SMS: this form is similar to authentication via Email
With the above information, you must also see that up to this point we can identify Bybit exchange as a reputable exchange that can be chosen for trading.

Bybit Exchange Review (2022)
Here are some advantages and disadvantages of Bybit exchange that you can refer to before you start trading on Bybit exchange.

Advantages
Simple: Bybit exchange is simple from the interface to the way to join. They focus on providing leveraged trading of Crypto derivatives. Other than that, nothing else. This gives them time to develop products to provide the best user experience. Simple and intuitive interface. It is very easy for new traders to access the market.
Security: Good security (using cold wallet), withdrawal review time is every 8 hours.
Speed: 100,000 transactions/second. (Bitmex : 500, Deribit : 10,000)
24/7 floor support team to ensure the fastest resolution of user issues.
Provide full API services for those who want to use 3rd party applications for transactions.
There are regular Trading Competitions programs to encourage traders.
There is an Affiliate program specifically for those who want to earn Commission money.
The exchange does not require KYC to be able to participate in trading.
Low transaction fees. Taker Fee is 0.0750%, Maker Fee is 0.0250%
Bybit exchange already has a user-friendly mobile app, for both iOS and Android.
The floor interface on the Website already supports Vietnamese.
Diverse order modes, smooth phone app, no lag like Bitmex, no conflict with ios like binance.
Defect
Trading products are not diversified. Maybe next time they will add new trading pairs. I will update you guys then.
Bybit exchange does not have OTC trading.
There is no exchange coin like some other derivative exchanges such as: Binance has BNB, FTX has FTT, MEXC has MEXC, EMX has EMX…
The trading conditions at Bybit are quite good, focusing on developing the platform to give users the best experience is the mission and mission that this exchange always mentions, which has also been proven by Bybit to customers. their own in the market. Although it does not have a large number of participants like BitMEX, Binance, Bybit is still one of the exchanges that is considered to be reputable and highly secure.

If Bybit expands its traded products, it will probably attract more investors. With the above assessment, investors can completely rest assured to open a trading account at Bybit, if it cannot be a main exchange, they can choose Bybit as a good and safe alternative.

Fees on Bybit
Transaction fee
CEO Ben Zhou and his development team have kept trading fees at the lowest level in the crypto derivatives industry. Bybit charges taker 0.075% fee for all coins, maker will get 0.025% discount (ie will be refunded when order is filled). Transaction fees at Bybit are relatively low in the market, but currently this exchange does not have fee incentives for investors who trade with high volume.