Complete review about Bybit and Comparison between Bybit vs Bitget.

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.

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%.

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

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.