Making money from digital currencies can be done through short-term, medium-term and long-term trading methods. One of the most common ways to earn profit in the world of digital currencies is buying and selling (trading) all kinds of cryptocurrencies on a daily basis from reputable exchanges. There are a relatively large number of digital currency exchanges in the virtual world, each of which tries to attract more users around the world with its own features and offers. One of the exchanges that has given users the possibility to buy and sell digital currencies with its own application, is the Bybit exchange. In the rest of the article, we intend to teach you about the ByBit application along with the download link and the features of this exchange.
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What is Bybit exchange?
BuyBit is another digital currency exchange that is used by many traders every year. This exchange was established in Singapore in 2018; The main office of this exchange is currently in Hong Kong. In addition to having a web version, this exchange also has a mobile application that can be installed on Android and IOS operating systems. This exchange has many advantages and disadvantages, which we will tell you later. Many people from all over the world trade with the Bybit app or website and earn dollars. If you are among the people who are new to the digital currency market, we suggest you watch the digital currency training course. This exchange allows traders to make transactions with a maximum leverage of 100.
The liquidity of this exchange is higher than some other digital currency exchanges and it was able to overcome its lack of liquidity in a short period of time. Using the Smart Money style, easily generate income from the financial markets with the least possible risk.
What are the benefits of Baybit exchange?
What are the features of ByBit Exchange that make it different from other digital currency exchanges? This exchange has many features, perhaps the most important of which is participating in transactions with 100 leverage. In the rest of this section, we will tell you the benefits of Baybit exchange.
- App Version: Today, not all digital currency exchanges have an app and only some of them have this feature. Traders are facing a problem in working with the exchange via mobile. Now, if that digital currency exchange does not have a version under the application; It becomes more difficult to work with the exchange. Baybit exchange by preparing the application of this exchange which can be installed on both Android and IOS operating systems; managed to solve this problem for its users. In the rest of the article, we will teach the Bybit application to learn how to work with it.
- Determining the limit of profit and loss: It is very important for traders to be able to increase and decrease the amount of profit and loss in transactions. This feature is included in Buy Bit Exchange so that traders can determine the amount of their profit and loss.
- Fast transaction: There are many exchanges that cannot handle many transactions per second. Baybit exchange has the ability to perform more than 100 thousand transactions per second.
- User-friendly: The user interface of this exchange is very easy and suitable for novice users.
Bybit application fee
Until this part of the ByBit application training article, you got to know this exchange and its benefits; In this section, we will also examine the fees of the Baybit exchange. Like other exchanges, Baybit exchange has determined the amount of its fee based on whether the trader is a maker or taker. The amount of commission considered for the order maker is 0.10% and for the order taker is 0.10% of their trade. An order maker is a person who intends to sell an asset on an exchange, and an order taker is a person who intends to buy a digital asset. If you plan to make money easily in the digital currency market and better understand when to buy and sell, we recommend that you watch the trading strategy course.
Bybit application training
The beautiful world of digital currencies has more risk and rewards compared to other financial markets such as the forex market and the stock market. Therefore, profiteers and fraudsters take advantage of newcomers and inexperienced people who do not have enough information about digital currencies. One of the most important principles to prevent fraud and losing your capital is to install the Bybit application platform from reliable sources such as Google Play for Android and the App Store for IOS. Therefore, you can install and use this application on your mobile phone through the two links below. This exchange has a name almost similar to Hotbit exchange. To get to know this exchange, you can read the article What is Hotbit exchange.
Download Baybit application for Android
Download the ByBit exchange program for iPhone
Bybit application installation and training
One thing to note before installing and training the Bybit application is that you must use a fixed IP or a VPN. After the Bybit exchange application is installed on your phone, you must create a user account in it. For this purpose, click on the option Register / Sign in to get Bunes, which is in the middle of the page, to be transferred to the user account page. Before teaching the Bybit application, it is better to warn you dear ones so that you don’t face any problems in your transactions. The digital currency market is somewhat complicated and making money in it is not for everyone, but those who watch digital currency training courses can easily make money in this market.