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    Home»Business»Complete review about Bybit and Comparison between Bybit vs Bitget.
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    Complete review about Bybit and Comparison between Bybit vs Bitget.

    JimiBy JimiOctober 28, 2022Updated:October 29, 2022No Comments4 Mins Read
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    What bybit actually is? And if it is better than other exchanges? Crypto market is evolving day by day providing services 24/7. Cryptocurrency exchange allows you to do business by buying and selling cryptocurrencies at market price. Here we are going to give you a descriptive review of Bybit and a comparison between Bitget vs bybit. So that you can find out which one is better for you.

    Let’s start with a short descriptive bybit review.

    Bybit:

    Bybit crypto exchange established in 2018. It is a standalone company providing a platform for traders to trade with a leverage ratio of 1:100. And a minimum deposit of $1. This crypto exchange is considered as one of the best and has an overall rating of 9.6/10. This exchange has several technological advancements which make the experience of traders good.

    Advantages of bybit:

    Here are few of the advantages of bybit:

    • This platform is convenient, can be used in the browser version. Hence easy to use and operate.
    • Offering leverage rate of 1:100.
    • It provides you the option of a minimum deposit of upto $1.
    • It provides margin and leverage of upto 100. Also provide short term insurance.
    • Offering 0 fee spot trading and 0% deposit fee.
    • You can use their order book to learn about new initiative updates of the crypto world and trading future.
    • You will get 50% of the deposit bonus.
    • You can use mutual recalculation to open long and short positions.
    • Availability of market indicators.
    • Provide researched information.

    Bitget:

    A new cryptocurrency exchange was also established in 2018.  This Company made its name in the international market within a few years of active work. Licensed from 4 countries. Providing a platform to to trade with leverage rate of 1:125 and minimum deposit of ₮1.

    Advantages of bitget:

    Some of the advantages of bitget exchange is listed as:

    • Lower fees than most of the competitors in the market.
    • Maker fees is 0.02% while taker fees is 0.06%.
    • Demo accounts are available.
    • Providing bonus funds.
    • Having lesser withdrawal fees of 0.0006BTC.
    • You will get commission during registration, verification and trading accounts.
    • Receive passive income with copying trades.
    • No fees for account maintenance.
    • Using hot and cold wallet techniques to store funds.
    • Engage in algorithmic training.
    • Provide you customer support 24/7. You can connect them via FAQ, live chats, Emails, or social channel support.
    • You can access it via phones and mobiles.

    Bybit vs Bitget:

    Here is a complete comparison between Bybit vs Bitget:

    Trading conditions:

    • Bybit provide minimum deposit of $1 while bitget provides minimum deposit of ₮1.
    • Trading platform used by bybit is ByBit while bitget uses BitGet as a trading platform.
    • Bybit works with one trading account while bitget works with two trading accounts.
    • Max leverage rate for bybit is 1:100 while for Bitget it is 1:125.
      Bybit Bitget
    Minimum deposit $1 ₮1
    Trading platform ByBit BitGet
    Trading account 1 2
    Leverage rate 1:100 1:125

    Trading fees:

    There is not much difference in trading fees of bybit and bitget.

    • Max maker rate of bitget is 0.0002 and max taker rate is 0.0006.
    • Max maker rate of bybit is -0.0025% and max taker rate is 0.0075%.
      Bybit Bitget
    Max Maker -0.0025% 0.0002
    Max taker 0.0075%. 0.0006

    Trading platform:

    • Both Bitget and Bybit can be used on the web.
    • Bitget can be used on desktop while Bybit doesn’t work on desktop.
    • Both can be used on mobile phones
      Bybit Bitget
    Web Yes Yes
    Mobile No Yes
    Desktop Yes Yes

    Deposit and withdrawal:

    • Bank transfer doesn’t work for both bybit and bitget.
    • You can use a credit or debit card to deposit or withdraw money from bybit but it can’t be used for bitget.
    • Electronic wallet facility is available for bybit but no such facility is there for bitget.
    • Crypto is available for both bybit and bitget.
      Bybit Bitget
    Bank transfer No No
    Credit/debit card Yes No
    Electronic wallet Yes No
    Crypto Yes Yes

     

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