What is Bybit?
Bybit is an exchange focused on cryptocurrency derivatives trading. It offers users the ability to trade futures, margin trading, and other financial products.
Who is the Founder?
Bybit was founded by Ben Zhou, who is an experienced professional in the cryptocurrency and finance sectors.
When Did It Start Operations?
Bybit was established in 2018 and became operational in March of the same year.
In Which Countries Is It Banned?
Bybit is banned or faces restrictions in several countries. Notable examples include:
- United States: Bybit does not provide services to US users.
- China: Cryptocurrency exchanges are banned.
- Other Countries: There may also be restrictions in some European and Asian countries.
What Is the Trading Fee?
Trading fees on Bybit are typically set at 0.075% for taker orders and 0.025% for maker orders. However, discounted fees are available based on trading volume.
Is Margin Trading Available?
Yes, Bybit offers margin trading and leveraged trading. Users can trade with leverage up to 100x. This allows for high-risk but potentially high-reward trading.
