Bybit Exchange Introduction
1. Basic Information
- Founded: March 2018
- Headquarters: Dubai, UAE (moved from Singapore in 2022)
- Regulation: Licensed in Dubai (VARA), certain restrictions in other jurisdictions
- Major Country Controls:
- Fully supported: Most countries globally
- Not supported: United States, China mainland, Quebec (Canada), UK (for certain products)
- Restricted: Singapore, Japan (for derivatives trading)
2. Usage Methods
- Global Access: Most users can access Bybit through its website ( www.bybit.com) or mobile app
- United States: Not accessible, US residents are prohibited from using the platform
- European Union: Full access, with additional KYC requirements
- UK: Restricted for some regulated products, crypto-to-crypto trading still accessible
- China mainland: Officially restricted, use of VPNs not recommended due to legal risks
- Singapore: Limited services, derivatives trading not allowed for retail investors
- Japan: Derivatives trading restricted
- Mobile App: Available on iOS and Android, may require downloading from official website in some regions
- API Access: Available for advanced users and algorithmic trading
3. Key Features
- Exchange Type: Centralized
- Unique Selling Points: Strong focus on derivatives trading, user-friendly interface, high liquidity
4. Supported Services
- Trading Types: Spot, Futures, Options, Copy Trading
- Special Features: Bybit Earn, NFT marketplace, Launchpad
5. User Experience
- Supported Platforms: Web, Mobile App
- Deposit/Withdrawal Methods: Cryptocurrency, Bank Transfer, Credit/Debit Cards, P2P trading
- Customer Support: 24/7 live chat, email support, help center
6. Security
- Main Security Measures: Two-Factor Authentication, Multi-signature wallets, Cold storage for majority of assets
- Security History: No major security breaches reported
7. Community and Ecosystem
- User Base: Over 10 million registered users globally
- Social Media: Active on Twitter, Telegram, Discord
- Key Figure: Ben Zhou - Co-founder and CEO (@benbybit on Twitter)
8. Summary
Bybit is a popular cryptocurrency exchange known for its derivatives trading offerings and user-friendly interface. While it has faced regulatory challenges in some jurisdictions, it has adapted by obtaining licenses in crypto-friendly regions like Dubai. Users should verify their eligibility based on their location, as access and available features can vary significantly depending on local regulations.
Other Exchanges
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MEXC
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KuCoin
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Bitfinex
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HTX
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