Bybit. Main Advantages of Bitmex Rival and How to Start Trading for Free
Bybit, at the moment, is one of the most popular trading platforms, especially as it gained credibility and reputation during the recent markets crash. Unlike Binance, Bitmex and other top platforms, Bybit did not have any problems or shutdowns. It actually looks like Bybit has decided to become the Bitmex’s principal rival. For that reason they started to provide a lot of promo campaigns since the beginning of 2020, trying to increase its database and lure clients from other trading platforms.
- Low fees. Maker – 0.025%; Taker – 0.075%.
- Trading pairs: BTC/USD, BTC/USDT, ETH/USD, XRP/USD, EOS/USD, and expanding.
- No overloads and no maintenance downtimes. This is the most important feature distinguishing Bybit from Bitmex and Binance. As you know, during recent crisis and, as a result, huge market volatility, both Bitmex and Binance had sensitive overloads and downtimes. As Binance adds more and more services the freezes and downtimes become its ordinary thing. In its turn Bybit didn’t have any of it and was working smoothly.
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- No outrageous price manipulations as on Bitmex.
- Funds are stored in cold wallets, therefore are safe. Bybit has never been hacked.
- Great Android and iOS Apps improving each day.
- Fast and polite customer support working 24/7, and solving all the issues in favor of its users.
- Bybit is the 3rd crypto trading platform in the world by trading volume, according to Coinmarketcap data.
- All types of orders and risk-management tools available. Market/ Limit/ Conditional orders. The opportunity to set Stop Loss and Take Profit at the same time while placing an order or when your order has already been placed. Also, there’s a possibility to set a Trailing Stop.
- A pleasant and intuitive design created based on the recommendations of Bybit users. (Another UI improvement is going to be released in the upcoming days).
- Bybit frequently holds various promos and trading competitions where everybody can earn rewards.
- Bybit incentivizes new inexperienced traders by providing them with educational materials (articles and videos) in its Academy and by letting newcomers start trading on real money without any deposits.
- Bybit’s slogan is Listen, Care, Improve . Thanks to this program Bybit collects all users’ feedback on any improvement suggestions and implements it. All of the Bybit’s achievements are the result of company’s attention to its users’ voice and vision.
- No KYC requirements. So, your sensitive personal data won't be affected.
Bybit rewards its newcomers and active users with Trading Bonuses that can be used to start trading on Bybit. You cannot withdraw Bonus itself but you can start trading with it and all the profit you make from it is yours and is fully withdrawable.
- You can earn up to 90$ as a welcome bonus for everybody who registers by the promo link below. What you have to do?
- Register on Bybit with this link.
- Log into your account and press “Rewards Hub”.
- In the Rewards Hub page, you can find several ways to earn rewards by completing some easy tasks. First of all, you can follow Bybit’s Twitter page, make 1 retweet, and subscribe to Bybit Instagram page to receive your first 5$ Bonus (will be credited to your account within 2-3 days).
- Then you can take a survey and earn a 5$ Coupon. (Coupons are different from Bonuses, because you can’t trade with them, they are only can be used to pay for your trading fees. But they are very useful when you start trading with small amount and you have plan to multiply your assets with high leverage trading. Your trading commissions will be deducted from the Coupon first, not from your trading assets.
- As soon as you receive your first 5$ Trading Bonus in BTC, you can open a trade with a Stop Loss/Take Profit and for that, when you close that deal, you can get another 5$ Bonus in the Rewards Hub. Now you have 10$.
- You can start trading those 10$ daily and make profit multiplying your equity. Do that for 10 days in a row and you will receive another 5$ Coupon to cover trading fees.
This way, starting only with 10$ of trading Bonus and 10$ of Coupon trading with x25 leverage I made 50$ and more without any deposits. Since then I enjoy trading on Bybit.
- Of course, you can earn more bonuses in the Rewards Hub but the remaining tasks require making a deposit.
- The second way to earn Rewards is to participate in Bybit frequent awesome promo campaigns. For example, during recent Bybit St.Patrick’s Promo Campaign you could earn from 14$ and up to 60$ just for completing simple tasks like answering some questions, guessing the price of BTC for the following day, making some trades, etc. A lot of participants started trading on Bybit for free thanks to that Promo. And it is only the beginning. Bybit holds such Campaigns very often to incentivize new and inexperienced traders to join their platform and start trading on real money, thus learning and earning some real experience and testing the platform’s top-notch performance.
- Another way to earn free Bonuses on Bybit is to be active in its social media.
Sometimes Bybit holds some campaigns on its Twitter account. But more regularly it holds some activity in its Telegram Groups. There you can earn from 10$ to 50$ for guessing BTC price on a certain date, for participating in BitcoinTalk conversations and quizzes, etc.
So, if are seeking a way to start the real trading without any deposits you can join Bybit now and be on board for the upcoming promos.