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Last updated
Last updated
A short overview of the Bybit Exchange for the investors
Bybit was established in the year 2018 as a derivative cryptocurrency exchange. The team who invented this exchange are professionals with experience in investment banking and the forex industry. The headquarters of Bybit is located in Singapore and was registered in the British Virgin Islands. It provides a secure, fast, and transparent trading system. The platform has more than 1.6 million users globally. It supports more than 20 fiat currencies. In this blog, we will discuss some of the reasons why you should create an account on the platform and what are the advantages of Bybit login. Perks of using Bybit ο· The platform provides leverage to the users. For a better understanding, on this platform, we can make a trade of $20,000 with a $200 investment which means that it gives the users a leverage of x100. If you are an experienced trader, then you can make a large amount of profit but also increase the potential of risk. ο· This exchange can handle 100,000 transactions per second without making the site slow for the users but also at a faster speed as compared to others. After performing Bybit login users can also get access to various charts that might help them in their trading process. ο· Bybit has a separate section for resources, news, and the insight of traders. For instance, the users who do not know how to use a particular tool, there are tutorials present that educates the users about its functioning. And classes are also hosted by Bybit on social media at least twice a week. Available Cryptocurrency Coins If you are an existing user, then you must already know the cryptocurrencies available in the market. And even if you want to know the full list of currencies then after Bybit login, the whole list will be made available to you on the platform. But if you are a new user you must know some of the currencies available so you can decide whether you want to work on the platform or not: ο· SushiSwap (SUSHI) ο· Ripple (XRP)
ο· ChainLink (LINK) ο· Polkadot (DOT) ο· Cardano (ADA) ο· UniSwap (UNI) ο· Dogecoin (DOGE) ο· Aave (AAVE) Bottom Line The platform is recommended to you if you are a non-resident of the U.S. and want to make the trade with margins. Or you are confident in yourself that you can use advanced trading features. And even if the user wants to learn more about some cryptocurrencies and is comfortable with taking some risks. If you fall in any of the category mentioned above, then a Bybit login is worth a try for you.