Looking for a comprehensive crypto trading platform in 2024? Bybit stands out as one of the largest, most cutting-edge, and reputable exchanges today. Delivering an array of trading options including Spot, Derivatives, and Options with leverage up to 100:1 Bybit caters to traders of all levels. Beyond basic trading, the platform also boasts features like Copy Trading, Bot Trading, Crypto Loans, and an array of Web3 integrations. Our detailed Bybit review guides you through the signup process, fee structure, tradable crypto assets, and more, helping you assess if it’s the right fit for your trading needs. Plus, signing up via our exclusive Bybit link entitles you to attractive bonuses. Another noteworthy exchange, BTCC, offers an intuitive interface and advanced trading tools, appealing to both novice and seasoned traders. Our BTCC Exchange review dives into its safety, usability, and more, answering the question: Is BTCC suitable for beginners? Read on to discover all you need to know about these two leading crypto exchanges.

• What is Bybit? Guide
• How to Sign Up on Bybit? A Quick Guide
• Does Bybit Mandate KYC Verification for Users? 
• Is Bybit a Secure Platform for Your Funds?
• Is BTCC a Good Investment?
• BTCC Exchange: What Are Its Unique Trading Features?
• BTCC Exchange: What Are the Fees?

What is Bybit? Guide

Founded in 2018 by experienced forex market veteran Ben Zhou, Bybit has rapidly evolved into a crypto industry leader, offering a platform renowned for its safety, advanced features, and user-friendliness. With a team comprising of Morgan Stanley, Tencent, and XM China alumni, Bybit’s ecosystem has flourished while maintaining its core values of user-friendliness, innovativeness, and reliability. Today, Bybit boasts approximately 10 million users, facilitating a daily trading volume of ~$21.6 billion, including ~$4.1 billion in spot trading and $17.5 billion in futures. Its robust infrastructure can handle up to 135,000 transactions per second, surpassing its competitors. As Bybit’s uptime and reputation grow, it is poised to capture a larger market share, driven by continuous innovation and expansion attracting more users to its platform.

About Bybit: How is it Regulated?

Operating under the umbrella of Bybit Fintech Limited, a company registered in the British Virgin Islands, Bybit Exchange maintains its headquarters in Dubai while also boasting operational offices in Hong Kong and the Netherlands. With a strong commitment to regulatory compliance, Bybit has secured licenses from various authorities including the Virtual Assets Regulatory Authority (VARA), the Cyprus Securities and Exchange Commission (CySEC), the Astana Financial Services Authority, and De Nederlandsche Bank (DNB). However, it’s important to note that Bybit doesn’t fully operate in all markets, with certain heavily regulated regions such as the USA, mainland China, Singapore, and specific Canadian provinces being excluded from its services. Additionally, politically unstable markets like North Korea, Cuba, Iran, Uzbekistan, Crimea, Donetsk, Luhansk, and Syria are entirely restricted. To ensure full compliance and transparency, Bybit urges users to keep abreast of jurisdiction regulations, which are detailed in the Bybit Platform Terms and Conditions.

How to Sign Up on Bybit? A Quick Guide

Looking to join Bybit? The process is simple and familiar to crypto enthusiasts. Initiate by visiting the exchange’s homepage and hitting the ‘Sign up’ button. Next, complete the registration form by providing your email or mobile number and crafting a secure password a mix of uppercase, lowercase, numbers, and symbols is ideal. Ensure to keep your password private and safely stored. Following this, a verification code will be sent to your email or phone. Enter this code to authenticate your details and finalize your Bybit account creation.

Does Bybit Mandate KYC Verification for Users? 

In the realm of cryptocurrencies and financial exchanges, the acronym KYC—short for “Know Your Customer”—has become a familiar term. It refers to the process of verifying the identity of customers and assessing their suitability for certain financial products or services. This process is crucial for preventing fraud, money laundering, and other illicit activities. Bybit, a popular cryptocurrency derivatives exchange, has implemented KYC measures as part of its compliance framework. However, the specific requirements and procedures for KYC verification on Bybit may vary depending on the user’s location, transaction volume, and other factors. For most users, Bybit does not require KYC verification for basic account creation and trading. This means that individuals can sign up and start trading on the platform without immediately providing sensitive personal information such as government-issued identification documents. This approach offers a degree of anonymity and privacy that is often valued in the cryptocurrency community. However, there are certain situations where Bybit may request or require KYC verification. For example, users who wish to withdraw large amounts of funds from their accounts may be subject to enhanced verification procedures. Additionally, Bybit may periodically request KYC information from existing users as part of its ongoing compliance efforts. It’s important to note that while Bybit’s current KYC policies may not require verification for all users, this could change in the future. Regulatory pressures and evolving compliance standards could prompt the exchange to adjust its verification requirements. In summary, Bybit does not universally require KYC verification for all users, but certain circumstances may trigger the need for additional identification and verification steps. As always, it’s essential to stay updated on the latest policies and procedures to ensure a smooth and compliant trading experience on any cryptocurrency exchange.

Bybit, a leading cryptocurrency exchange, emphasizes security and legality across all jurisdictions, thus encouraging customers to complete the KYC (Know Your Customer) verification. While users can trade Bitcoin, Ethereum, or various Altcoins on the platform without KYC, they face a daily withdrawal limit of 20K USDT and miss out on certain perks. These include participation in Bybit Earn projects like Launchpad and Launchpool, as well as the opportunity to obtain a Bybit Debit Card. To unlock more advanced trading options and enjoy higher withdrawal limits of up to 1M USDT and 2M USDT, customers must provide personal details and complete KYC L1 and L2 verifications, respectively.

Bybit KYC Level 1 Explained

Boost your daily withdrawal limit to 50 BTC by completing Level 1 verification. To achieve this, simply submit your country-issued ID or passport along with a facial recognition screening. This quick and easy process unlocks higher transaction capabilities, giving you more freedom to manage your crypto assets.

Bybit’s KYC Level 2 Requirement

Boost your daily BTC limit to 100 by completing Level 2 verification. Simply furnish a proof of your residential address with documents like a utility bill or bank statement, and you’re good to go. Unlock higher transaction capabilities now and enjoy greater flexibility with your crypto trades.

• Bank Statement
• Utility Bill
• Any residential proof issued by the government
• How to Complete KYC Verification on Bybit?

Verify your Bybit account in just a few simple steps after creating a new one. Follow our guide for a quick and easy account verification process on Bybit.

• Click “Account & Security” in the upper right-hand corner of the screen
• Click “Verify Now” in the “Identity Verification” column under “Account Information”
• Click “Verify Now” under Lv.1/Lv.2 Verification
• Provide the information as mentioned above according to the level you have chosen
• Wait while your request is processed. You will receive a notification after it is completed

Is Bybit a Secure Platform for Your Funds?

In the aftermath of the FTX debacle, traders are increasingly cautious about which exchanges can safeguard their funds. While no exchange is entirely risk-free, Bybit stands out with its unblemished security record. Unlike some in the industry, Bybit has never been hacked, maintaining a robust security posture akin to that of BitMEX, Kraken, and Coinbase. When depositing Bitcoin on Bybit, traders can rest assured that their funds are in trusted hands. The exchange employs cutting-edge security measures such as Trusted Execution Environment (TEE) and Threshold Signature Schemes (TSS), and has achieved the PCI-DSS Service Provider Level 1 Certification. Furthermore, Bybit stores funds securely in cold storage, adding another layer of protection. In case of a breach, Bybit assures full compensation for any losses incurred, providing traders with a sense of security in an otherwise unpredictable market.
Bybit takes security seriously, evident in their commitment to providing Proof of Reserve for funds with an impressive average 110% user-holding ratio. This monthly updated report covers a wide range of currencies including BTC, ETH, and many more, ensuring transparency and accountability. After undergoing rigorous audits from Hacken Audit Firm, Bybit updates its PoR information, giving users peace of mind regarding their assets’ safety. Learn more about Bybit’s Proof of Reserve and how it bolsters their standing in the crypto sphere in our exclusive interview with the CEO, exploring Bybit’s current state and future aspirations.

Is BTCC a Good Investment?

Website	https://www.btcc.com/en-US
Founded	2011
Security Features	2FA, cold storage, 1:1 reserve funds, zero hacks
Trading Options	Spot, perpetual futures contracts, copy trading, demo trading, instant crypto-to-crypto convert, tokenized stocks and commodities
Supported Cryptos for Spot	88
Supported Cryptos for Futures	300+
Leverage	Up to 500x for futures
Demo Trading	$100,000 virtual funds
Trading Fees	As low as 0% maker and 0.01% taker for the futures market
KYC Compliance	Yes, Mandatory
Regulation	Licensed in the U.S., Canada, Europe

BTCC, a globally recognized cryptocurrency exchange since 2011, stands out as a beacon of trust and stability in the digital asset industry. Known for its unwavering commitment to security and regulatory compliance, BTCC has earned the trust of numerous traders worldwide. With a solid presence in the US, Canada, and Europe, the platform caters specifically to North American and European traders, providing them with a seamless trading experience. Beyond just cryptocurrency trading, BTCC’s innovative offerings include copy trading, perpetual futures, and tokenized stocks. These features open up a world of opportunities for traders to diversify their portfolios with non-crypto assets like gold, silver, and U.S. stocks. Whether you’re a trading novice or a seasoned professional, BTCC’s diverse range of options, coupled with its safe and regulated environment, makes it the ideal choice for your cryptocurrency needs.
BTCC, a leading cryptocurrency platform, recently commemorated 13 years of uninterrupted service in June 2024. Its impressive journey highlights a decade-long commitment to innovation and expansion within the digital asset space. Notably, the exchange has maintained a sterling reputation for security, boasting zero security breaches since inception. This rare feat positions BTCC among a select group of exchanges that traders can trust with their investments, ensuring the utmost safety of their funds.

BTCC Exchange: What Are Its Unique Trading Features?

BTCC Exchange Trading Features Explained: Spot Trading

Spot trading, a prevalent method for cryptocurrency transactions, enables direct buying and selling of digital assets at current market prices. BTCC stands out with its support for 88 diverse coins, featuring heavyweights like Bitcoin, Ethereum, Dogecoin, and Solana. This trading mode is perfect for those who seek to hold actual cryptocurrencies, rather than merely bet on price movements. Moreover, for traders residing in the U.S. and Canada, BTCC simplifies the deposit process with USD and CAD, eliminating complexities and extra costs associated with currency conversions.

BTCC Futures Trading Explained

The BTCC platform empowers traders with futures contracts on over 300 cryptocurrencies, including top pairs like BTC/USDT and ETH/USDT. This allows for speculation on price movements, offering a dynamic approach to profit in both bullish and bearish markets. A standout feature of BTCC is its leverage flexibility, enabling trades with up to 500x leverage on select assets within five major pairs: BTC/USDT, ETH/USDT, DOGE/USDT, SOL/USDT, and XRP/USDT. For those preferring a more conservative approach, the platform also provides adjustable leverage up to 50x for various contracts. Furthermore, BTCC accommodates different futures contract settlement types, catering to a wide range of trading strategies and risk profiles. BTCC Exchange offers traders a suite of powerful trading tools. Its futures contracts can be settled in USDT or the cryptocurrency itself, catering to diverse trading strategies. Traders can optimize their entry and exit points with market, limit, and stop-loss orders, enhancing overall user experience. Notably, the stop-loss and take-profit features are invaluable for risk management, automatically closing positions at set thresholds.

BTCC Exchange Trading Features Explained: Copy Trading

Looking to trade cryptocurrencies but don’t have the time or expertise? BTCC’s futures copy trading feature is here to help. By selecting a top trader, you can effortlessly replicate their trades in real-time, profiting from their strategies without any trading know-how. And it’s not just for newbies; experienced traders can apply to become lead traders on BTCC, unlocking lucrative profit-sharing opportunities. Earn 10-15% of the profits from those copying your trades, a rate higher than most platforms. Whether you’re a trading novice or a seasoned pro, BTCC’s copy trading has something for everyone. As a lead trader on BTCC, you can monetize your trading skills while assisting others in achieving success. Commission is determined by your 30-day average assets under management (AUM), with profits settled daily, ensuring frequent returns. One significant advantage is that early joiners have the opportunity to rapidly grow their AUM and secure higher commission rates as time passes. Don’t miss out on this chance to lock in preferential rates and watch your earnings grow.

BTCC Exchange Trading Features Explained: Demo Trading

BTCC stands out with its demo trading option, a feature that lets you hone your trading skills with $100,000 in virtual funds, risk-free. Ideal for newcomers, it provides a realistic trading environment to test strategies and get acquainted with the platform. Moreover, BTCC’s Instant Crypto-to-Crypto Convert function offers a seamless way to switch between cryptocurrencies, simplifying portfolio rebalancing and capitalizing on market shifts. Whether you’re looking to swap Bitcoin for Ethereum or any other crypto, this tool eliminates the need for complex spot trading, making your trading experience faster, easier, and more efficient.

Tokenized Stocks and Commodities Trading on BTCC Exchange

BTCC exchange stands out by seamlessly integrating traditional finance with the crypto world. On this platform, traders can access tokenized stocks and commodities, offering a unique way to invest. Instead of purchasing physical shares of companies like Apple or Tesla, or owning tangible gold or silver, BTCC allows users to trade digital versions of these assets, referred to as “tokenized futures.”
These tokens are directly linked to the price movements of the underlying assets. For instance, if Tesla’s stock price experiences a fluctuation, the corresponding Tesla token on BTCC will reflect that change. What’s more exciting is the ability to trade these tokenized assets with leverage, reaching up to 50x for stocks and an impressive 150x for commodities such as gold and silver.
This leverage provides investors with the opportunity to potentially magnify their profits, even with a relatively small initial investment. Additionally, as these are perpetual contracts, there’s no need to be concerned about expiration dates. Investors have the freedom to hold their positions for as long as they desire, providing flexibility and convenience in their trading strategies.
For those keen on price movements and seamless trading without the involvement of conventional stockbrokers, BTCC Exchange offers a compelling alternative. Notably, traders here don’t take ownership of the underlying stocks or gold, thus, dividends aren’t part of the package. Instead, all transactions are efficiently processed in USDT (Tether), ensuring swift and straightforward settlements.

BTCC Exchange: What Are the Fees?

BTCC Exchange Trading Fees

BTCC Exchange offers tiered fees based on trading volume. VIP0 users, including those with no preset trade value or volume, enjoy competitive rates designed to cater to all traders’ needs.

• BTCC Exchange Fees
• Futures Trading Fees:

• When placing a limit order that adds liquidity to the market (maker), traders enjoy a futures fee of 0%.
• For orders filled immediately (taker), a fee of only 0.01% of the trade value is charged.
• BTCC’s futures trading fees are significantly lower compared to other exchanges like Kraken, Binance, or Bybit.

BTCC provides extra perks for users who reach higher VIP statuses, such as reduced fees. Keep in mind that the specific advantages depend on the VIP level you obtain. Climbing the VIP ranks at BTCC pays off, with each tier unlocking more benefits.

BTCC Exchange Deposit and Withdrawal Fees

Depositing funds in USD and CAD on BTCC Exchange is simple, with fees varying based on your preferred payment method. As an added perk, cryptocurrency deposits come at no cost, benefiting those transferring funds from external wallets or exchanges. When it comes to withdrawals, fees differ by cryptocurrency, sticking to standard gas fees, while maintaining competitiveness to prevent any excessive charges when you move your funds out.