Bybit.com Reviews: SCAM or LEGIT?

Bybit.com Review
3.2

Summary

Bybit is a cryptocurrency derivatives exchange, headquartered in Singapore and registered in the BVI. The exchange offers numerous 100x leverage perpetual contracts, 10x the industry speed, one of the best market depth in the industry, and 24/7 live Customer Support.PAYING

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User Review
4 (3 votes)

Monitored:
68 Days

Initial Deposit:
0.02 BTC

Referral Program:
up to 30% trading fee

CLAIM YOUR $60 BONUS

Bybit.com is a P2P (Peer-to-Peer) cryptocurrency derivatives exchange registered in BVI and headquartered in Singapore. Traders from all over the world can participate in trading using up to 100x leverage. They provide leveraged margin trading on crypto products to give you a world class trading experience backed by the finest customer support in the industry.

Bybit.com uses an effective and reasonably priced mechanism to create a fair and transparent trading environment. They also offer comprehensive API and supporting tools. Whether you are a professional trader, retail trader or representing a financial institution, Bybit’s platform would be able to satisfy all of your trading needs.

To these ends, they provide 24/7 multi-language online customer service in order to give solutions for the users in a timely manner and are committed to creating a fair, transparent and efficient trading environment. Currently, the products on the platform include BTC/USD, ETH/USD, XRP/USD and EOS/USD perpetual contracts.

LEVERAGE TRADING ON BYBIT.COM

Initial Margin
Traders can borrow money on the exchange and place orders with a small margin. And the initial margin is the amount of your investment need to open the position.

To calculate it on Bybit, you can just multiply the order value with the initial margin rate, which depends on the leverage you used. Assuming that you use a 100x leverage in a contract worth $100, your initial margin will be $1. Bybit has risk limit levels for leverage trading to help you lower the risk of being liquidated. The details are as follows.

For BTCUSD Perpetual Contract:

Position ValueMaintenance MarginInitial MarginMax Leverage
100 BTC0.5%1.00%100
150 BTC0.5%1.50%66
200 BTC0.5%2.00%50
250 BTC0.5%2.50%40
300 BTC0.5%3.00%33
350 BTC0.5%3.50%28
400 BTC0.5%4.00%25
450 BTC0.5%4.50%22
500 BTC0.5%5.00%20
550 BTC0.5%5.50%18

For ETHUSD Perpetual Contract:

Position ValueMaintenance MarginInitial MarginMax Leverage
300 ETH0.5%1.00%100
600 ETH0.5%1.50%66
1000 ETH0.5%2.00%50
2000 ETH0.5%3.00%33
3000 ETH0.5%4.00%25
4000 ETH0.5%5.00%20
5000 ETH0.5%6.00%16
6000 ETH0.5%7.00%14
7000 ETH0.5%8.00%12
8000 ETH0.5%9.00%11

Maintenance Margin
Another thing that you can see from the table above is the maintenance margin. In short, it is the minimum account value required to maintain your position. As you can see, on Bybit it does not change accordingly to the leverage used for perpetual contracts. It is crucial in that it decides the liquidation price of your position and as such when your position will be liquidated.

Bybit also applies its maintenance margin to the Bankruptcy Price and not the entry price as other exchanges do. Thanks to this, the exchange never does partial liquidations and the potential profits remain the same unless liquidated. Do note that different exchanges have different maintenance margin such as having a variable maintenance margin or placing it near the entry price and partially liquidating traders repeatedly.

Suppose that you buy a $10,000 BTCUSD contract at $5,000 with a 50x leverage. Your initial margin is 10,000/(5,000*50)= 0.04BTC. Your maintenance margin equals (quantity of contract/order price)*maintenance margin rate=(10,000/5,000)*0.5%=0.01BTC. This means that you can afford to lose no more than 0.03BTC.

On Bybit, the process of placing an order is quite simple. Enter the price you want, decide the contract value, adjust the leverage and choose whether you go long or short. You can also set take-profit and stop-loss in advance to further guarantee your earnings.

CLAIM YOUR $60 BONUS


Visit Bybit.com



Disclaimer: This article should not be viewed as an endorsement of any of the services mentioned. Please do your own research before considering investing any funds. You should never make an investment into any online program if you do not know what you are doing.


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Bybit.com Review