Bybit Exchange

Cryptocurrency exchange Bybit launched in 2018. The main office is located in Singapore. The organization itself is registered in the British Virgin Islands. The total number of platform users today is 10 million people. The exchange operates in 16 languages and is available in 160 countries around the world. You can contact support in any language.

Markets

The platform specializes in derivative contracts. Here there is a spot market, where the possibility of margin transactions is open. USDT and USDC contracts deserve special attention. In addition, there are inverse futures on the exchange. The site contains options for margin earnings, for example, in the sections “Earn” or “Crypto loans”. The company has its own NFT marketplace, the option of storing cryptocurrencies on a Web3 wallet, and the functionality of creating new tokens.

Let’s first look at the Bybit spot market. There are 300 cryptocurrency pairs here. Purchase and sale transactions are available with USDT, USDC, DAI or BTC. It is possible to deposit and withdraw from nolimitway.com casino in USDT, USDC or BTC. Margin trading option is available as part of cross margin with up to x5 leverage. The interface of the site is equipped with options for automatically closing deals.

USDT contracts

If we are talking about USDT contracts on Bybit, then we mean classic perpetual futures. More than a hundred such contacts have been found on the platform. Trading USDT contracts is possible in cross or isolated margin mode. For example, BTC-USDT or ETH-USDT pairs have leverage up to x100. The leverage of most other pairs reaches x50. Margin, profit or loss is fixed in USDT.

USDC contracts

There are about 20 USDC contracts on Bybit. In fact, they have all the features of perpetual futures. However, these contracts are quoted and settled in USDC. USDC-BTC contract leverage is x125, while ETH-USDC is up to x66. The shoulder of other contacts reaches x50. Trading such contracts is available in Portfolio Margin or Standard Portfolio mode.

Inverse futures

Trading perpetual inverse futures is paired with USD. The quote is made in USD, but the calculation is provided only in the base currency. In other words, the value of contracts is fixed in USD. However, the calculation of margin, profit and loss is carried out in the base currency. For trading perpetual inverse futures, a cross or isolated margin mode is provided. The range of leverage varies from x1 to x100.

Passive income

The exchange provides a section of passive income – Bybit Earn. There are several subsections here, for example, “Savings”. The Liquidity Mining tool deserves special attention. It provides the ability to add liquidity to the common pool. A certain percentage comes from the token swap fees in the pool. There is also a leverage option for liquidity mining.

You can earn on quotes forecasts in the “Bi-currency investments” section. For profitability on price movements, another section is provided – “Bybit Shark Fin”. The “Pool” presents the total savings of users in a certain cryptocurrency. Tokens in the pool are available for withdrawal at any time. Bybit has different fees. They vary within 0.001-0.1% of the spot amount. To withdraw funds, users are provided with several options: cryptocurrency wallet, bank card, P2P. Withdrawal limits depend on the account verification level.