Bybit is a crypto exchange marketplace that can trade in cryptocurrency and exercise spot trading, future trading, and margin trading. There are many reasons why it is preferred by so many people: easy to use, low commission, and powerful trading platforms.
| App Name | Bybit |
| Size | 160 MB |
| Version | 4.48.0 |
| Android Required | 5.0 or Above |
| Updated | Today |
Scroll Down to Download the Bybit APK
How to Download and Install the app
- Tap on the app icon to open and use the app.
- Download the app using the link provided below
- Once you download the app successfully on your Android device, click on the file.
- The system may ask for consent to install the unknown app. Tap the ‘Yes’ button.
- Now, click on the ‘Install’ button to install the app.
- Once, the app is installed its icon will start appearing on your Device.
Features
- Spot Trading: Crypto exchange list of assets that can be purchased and sold directly.
- Futures Trading: Derivative products that are tradeable contracts that are linked to the future price of cryptos with ability to gain merged positions.
- Margin Trading: Lease funds to enlarge the size of your trading position, thereby get larger profit or losses.
- Low Fees: Bybit has also incorporated reasonable trading fees in its operations hence making it economical for the traders.
- User-Friendly Interface: The platform is user friendly and the design to ensures that even if one has not used the platform before, they will find it easy to use.
- Advanced Trading Tools: Professional traders are quite flexible since they can use Bybit advanced charting tools, types of orders, and stop-loss protections.
- NFT Marketplace: Bybit includes an NFT marketplace where users can buy and sell NFTs, although the selection is currently limited.
Bybit also offers a variety of other features
- Mobile App: Here there is an opportunity to trade on the go with the Bybit mobile application.
- Staking: Get paid in platform tokens depending on the cryptocurrencies that you hold in your wallet.
- Referral Program: Clearly the ‘invite friends’ feature will offer incentives for the users to invite as many friends as they can.
- 24/7 Customer Support: Contact Bybit’s customer support centre.
Conclusion
*In general, Bybit can be recommended for the beginners and advanced users in the cryptocurrency trading. It has added features and numerous advantages, and is considered to be reliable in the sphere.
But as usual, trading in cryptos involves taking risks, and hence, the follower is advised to do thorough research and make proper decisions on their projects.
FAQs
Here are some general FAQs that might be useful:
1. What is Bybit?
-> Bybit is a trading platform through which its users can trade different types of cryptocurrencies and its derivatives. They provides spot trading, margin trading, futures contracts and so on, and has powerful technical analysis function.
2. Is there a mobile application of Bybit?
-> Yes, Bybit currently has an app for mobile users on both, Android and IOS. It offers all the trading options from entering markets, an option for trading and, account options among others.
3. Transaction or trading costs are very crucial aspects of any trading platform, and the following are Bybit trading fees:
-> Bybit applies a maker-taker model of pricing with some of the best and most affordable rates. Spot trading fees begin at 0. 5% with a commission rate that varies depending on the asset acquired , whereas futures and options contact fees start from as low as 0. 308% for makers and zero point three hundred eight percent in terms of sales for end-users. 06% for takers.
4. Whether Bybit requires KYC (Know Your Customer) verification or not is another common question among the users.
-> KYC is not mandatory for basic trading at Bybit; instead, users register the account with the email and password. But this is not the case because there is always a need for basic account verification known as KYC to be allowed to make fiat deposits, withdraw larger amounts, and access some options.
5. What Cryptocurrencies are available for trading on Bybit?
-> Currently, Bybit offers more than 331 different coins and 608 available trading pairs across the spot, in margin and futures trading markets.
6. Does Bybit accept funds in fiat currency?
-> Yes, Bybit accepts fiat enabling users to deposit through payment services such as MoonPay, LegendTrading among others. They have integrated 130 fiat money, the dollar, the pound sterling, euros, CAD, etc.
7. Bybit NFT marketplace is yet another innovation by the Bybit Company in collaboration with Itella where the firm aims at Making the production of NFTs more efficient and cost-effective.
-> NFTs are also present in Bybit through marketplace where people can buy and sell them. Nevertheless, there are not many items available at the moment and users have to apply to be listed for new NFTs.
8. Is it possible to trade with fake money in Bybit?
-> Yes, Bybit has demo trading where users can get a chance to trade with fake money on a test account that mimics the real live trading environment. It is also a good way to practice in trading without really using real money.
9. What is the leverage available on Bybit?
-> Bybit offers up to 125x leverage on specific derivatives contracts to help traders possibly increase their win-win situations (and losses as well). This feature is however especially helpful to old-fashioned traders who seek to carry out various operations more quickly.
10. Besides the information presented above, are my incoming and outgoing transactions secure when using Bybit?
-> To secure users’ funds and personal data, Bybit provides such measures as two-factor authentication (2FA) and auditing. Although it doesn’t finish the KYC process for regular accounts, users are promoted to turn on all the security measures to protect their funds.