Bybit: The New Contender in Margin Trading?

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0racle_br1dgeFull Member
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#1Dec 16, 2021, 02:07 PM
I used to trade on Bitmex for years but got tired of the overloads and decided to try Bybit. Honestly, I haven't looked back since. I moved all my funds over and it's been smooth sailing.
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madalphaFull Member
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#2Dec 16, 2021, 02:27 PM
Yeah, I withdrew BTC once and it cost me like 0.0005. So make sure that’s correct if you’re sharing info about fees. Also, would love to see LTC as a trading pair.
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0racle_br1dgeFull Member
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#3Dec 16, 2021, 02:33 PM
That fee is just the normal BTC transaction fee. No extra charge from Bybit itself.
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dan420Member
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#4Dec 16, 2021, 07:13 PM
I prefer Bybit for its features, especially for scalping. But honestly, for a more professional edge, Deribit is still the best. They have derivatives and options too. Just feels more trustworthy being Holland-based.
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0racle_br1dgeFull Member
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#5Dec 17, 2021, 12:42 AM
But Deribit has had its issues too, right? Not the most reliable from what I’ve seen.
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#6Dec 17, 2021, 06:34 AM
For sure, Bybit's advantages make it stand out. I tried it and loved it right away. It’s definitely a step up from Bitmex.
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#7Dec 17, 2021, 12:32 PM
I’ve noticed more exchanges are getting into margin trading lately. Bitmex has been struggling with user load. Thinking about trying Bittrex for margin next.
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0racle_br1dgeFull Member
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#8Dec 17, 2021, 06:17 PM
They’ve got a solid signup bonus at the moment so might as well give it a shot. Free trading funds are a plus.
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#9Dec 19, 2021, 10:47 AM
I haven’t heard much about Bybit until recently, but their use looks pretty good. Security seems solid too from what I've read.
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fudbusterSenior Member
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#10Dec 19, 2021, 12:50 PM
Bybit has a decent mobile interface already. Big buttons, easy to deal with. Plus, I hear they’re launching an official app.
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0xPixelNewbie
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#11Dec 19, 2021, 06:49 PM
Agreed! It’s user-friendly. Definitely different from Bitmex, especially with how they handle future states for trades.
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0racle_br1dgeFull Member
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#12Dec 20, 2021, 10:32 PM
Bybit didn’t crash during the recent Bitcoin price surge while Bitmex did. That says a lot.
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0racle_br1dgeFull Member
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#13Dec 23, 2021, 05:25 AM
And let’s not forget, Bitmex just got hacked. Bybit is really making a name for itself.
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0racle_br1dgeFull Member
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#14Dec 23, 2021, 08:31 AM
Heard they might start offering a USD wallet soon. That’d be a big deal.
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dave.guruSenior Member
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#15Dec 23, 2021, 10:00 AM
Wait, what do you mean by that? Do you even know where their servers are located? If Bybit gets as many users as Bitmex, we’ll see how they hold up.
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#16Dec 23, 2021, 11:48 AM
What exactly sets Bybit apart? More details, please!
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#17Dec 23, 2021, 03:04 PM
UI is a biggie. Much better than Bitmex, which is key for new users. Plus their customer support is 24/7 live chat, way better than the ticket system.
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0racle_br1dgeFull Member
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#18Dec 23, 2021, 03:34 PM
Definitely! And the fact that Bybit allows deposits in various cryptos while Bitmex sticks to Bitcoin is a huge plus.
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0xMatrixNewbie
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#19Dec 25, 2021, 07:01 PM
And let’s not ignore the tech behind Bybit. It’s pretty interesting.
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calmblockMember
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#20Dec 25, 2021, 10:21 PM
Just tried Bybit and I’m impressed! They’ve got a solid volume, 35% of Bitmex for BTC. Anyone know if they ever go unresponsive like Bitmex during wild price swings?
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