Founder and CEO Ben Zhou developed the Bybit cryptocurrency trading platform in 2018, after realising the immense potential of cryptocurrency trading two years earlier. Prior to joining the exchange as CEO, Zhou worked as the general manager of XM’s Greater China operations before joining the exchange as CEO.
To build the platform, he assembled his A-team of investment banking and fintech experts who had previously worked for companies such as Alibaba, Tencent, Morgan Stanley, and other well-known names. As of now, the Bybit exchange is made of both blockchain experts and forex pros with years of experience in the industry.
The Bybit, on the other hand, is not the best platform for those looking to get their feet wet in the cryptocurrency industry and create their own coin. Instead, use a centralised exchange, such as Coinbase, to buy and sell your cryptocurrency investments. Make no mistake about it: investing in Bitcoin or other cryptocurrencies has the potential to significantly enhance your wealth over time. Trading, on the other hand, is where you can make significant money.
More than 1.2 million merchants use the Bybit platform, which was launched in 2012. It’s really simple to comprehend, which is why so many people are interested. With enough practise, you should be able to pick up the ropes quite fast and start making money.
To distinguish itself from the typical bitcoin trading exchange, Bybit is a forex broker that provides its users with a comprehensive graphing tool that enables them to take advantage of leveraged trading opportunities. The following features are available through Bybit, in addition to the ability to acquire and sell using Bitcoin, Ethereum, eOS, xRP, or USDT as collateral.
Beyond providing an incredible mobile trading programme that is extremely intuitive, simple to use and responsive on Android and iOS devices, Bybit also delivers an exceptional mobile trading app that is very intuitive, simple to use and responsive on mobile devices. Almost all of the trading features, indicators and tools accessible on the web-based version of the platform are also available on the mobile version of the platform. The ability to place trades quickly and efficiently, monitor positions, and check account balances are provided to traders.
Is using Bybit risky or safe?
While bybit review I found it to be a safe leveraged trading platform that protects the funds of its consumers, thanks to its bank-like security features and operational procedures. We discovered that the exchange has never been hacked or otherwise compromised in the past, which confirms our findings. In order to protect users’ funds, a number of security measures have been implemented, including offline cold wallet storage, multi-signature withdrawals, and two-factor authentication, among others.
Is ByBit a well-established reputable platform?
Bybit is a legitimate cryptocurrency trading exchange that is owned and operated by By bit Fintech, which was founded in 2013. The headquarters of this Singapore-based company is in the British Virgin Islands, where it was founded and is registered. By bit does not need users to supply Know Your Customer (KYC) information because the cryptocurrency exchange is not yet regulated in any country.