Bybit exchange training (registration and trading)
ByBit is a great digital currency platform and exchange that is growing rapidly right now. Bybit Bybit is one of the best exchanges for trading transactions and buying and selling cryptocurrencies. To learn more about Bybit Exchange, covered passwords, the site, and how to trade and register, stay with us until the end of this article.
Introduction and history of Bybit exchange
By-Beat Exchange was established in 2018 by Ben Zhou, one of the most experienced managers in the Forex market. Ben Zhou opened a byte exchange in Singapore and headquarters in Hong Kong and Taiwan. Bybit, which operates under the supervision of Bit Fintech Limited, is excellent leverage and derivatives exchange. Bybit Exchange, which focuses on bitcoin, Ethereum, and dollar transactions, also supports cryptocurrencies in other currencies. In addition to the above, Bybit is an efficient exchange for futures without authentication and leverage transactions. By-bit exchange is a first-class option for professionals. They can use modern trading tools on the by-bit platform.
By-bit exchange for Iranians
Iranian investors can use the bybit exchange just like other users worldwide. To enter this platform, you must change your country’s IP. You may be asked about your country or sent a list of sanctioned countries and asked to confirm that you are not a resident of the territories mentioned. In these cases, all you have to do is press the confirmation button and go through the steps.
How to register at Bybit Exchange
To start a bybit exchange, first, change your IP and then go to https://www.bybit.com. Clicking on the yellow Sign Up will take you to the registration page.
Enter your email on this page and enter a password for your account. The password you choose should be between 8 and 30 characters long and include numbers, symbols, and letters. Finally, activate the check box for accepting Bybit rules and click on continue. Upon completing the registration, an email will be sent to you containing your registration confirmation code. Enter the verification code in the box provided to activate your account.
Learn how to trade and buy and sell at Bybit Exchange
After entering the main page of the Bybit platform at https://www.bybit.com, select the spot option at the top of the page. Clicking on this tab will display a category menu. Select the currency code you want to trade from the menu that opens to be transferred to the trading page.
On the trading page of Bybit Exchange, you can see the order book, recent trades, price charts, and the box for buying and selling digital currencies. To make a transaction, enter the desired currency and cost code in the two boxes, order price, and quantity and press the Buy or Sell option at the bottom of the order value.
Advantages of using a by-bit exchange
1- The first advantage of this exchange is the high speed of wrists and transactions.
2- This exchange has provided a special mobile app for the mobile phone audience.
3- In terms of security, the bybit exchange is one of the safest exchanges for transactions.
4- In addition to a good user interface, the site of this exchange has a high performance.
5- By subscribing to this exchange, you can easily determine your loss limit.
6- Extensive 24-hour support and immediate response is another advantage of Bybit Exchange.
7- By benefiting from bybit exchange, you can use 100% leverage in your margin transactions.
Disadvantages of Bybit Exchange
1- Obviously, the biggest problem of this exchange for us Iranians is the lack of access to Iran’s IP. To use this exchange, you must change the IP of Iran. Remember always to use the country’s IP with which you first entered the exchange.
2- You can not complete the authentication step because of IP. Because in this case, you will be Iranian, and your permission to work with an exchange office will be revoked.
3. The number of currencies supported by this exchange is very small. The variability of tradable currencies is low, and currency pairs are similarly limited and limited for marginal and futures trading.
4- Limiting the number of withdrawals in 24 hours is another disadvantage of by-bit exchange.
Bybit Exchange Rewards and Rewards
In the by-bit exchange system, two types of commissions are considered for transactions.
Spot or spot trading fees and contract trading fees, also known as margins or futures. The commission fee for spot traders is zero for makers and 0.2% for takers. The commission fee for contract traders is 0.075% and for makers -0.0025. This means that if you are a maker in contract transactions, you have not paid a fee for your trading but also a percentage of bonuses and discounts. If you consider the other commissions mentioned, you will notice very small amounts of by-bit exchange fees compared to other exchanges.
Who is the maker or maker?
A maker is a trader who has entered the market with liquidity and registered his order before the transaction. Orders that are delayed are usually known as makers.
Who is the taker?
Ticker, acceptor, or recipient refers to someone whose order is the same as the manufacturer’s order, and therefore, his order is done quickly and without delay.
