When it comes to trading cryptocurrencies, there are various options for investors and traders. In addition to simply investing in cryptocurrencies, experienced traders can also invest in crypto derivatives. A famous crypto derivatives broker is Bybit. In this article, we’re going to introduce Bybit, and walk you through a step-by-step guide on how to buy Crypto on Bybit. Ready? Let’s go!
What is Bybit ?
Bybit is one of those crypto exchanges that is growing fast. This exchange started to operate back in March 2018, and already has more than 2 million users. After successfully registering, you can start trading perpetual contracts. There are trading pairs of various cryptocurrencies against the US dollar. Cryptos so far include Bitcoin, Ethereum, EOS, and Ripple. With perpetual contracts, traders’ positions are not time-limited.
What makes Bybit successful is its easy-to-use platform and its high leverage offerings that can reach 100x. Careful though, leverage is a double-edged sword. You can make a lot of money if the market moves in your favor, but also lose a lot if the market moves against you.
Is Bybit Crypto Safe?
Since Bybit has been in the market for more than 3 years, we can’t but acknowledge this achievement. Any company that passes 2 years successfully knows what they’re doing.
Additionally, this exchange stores its client’s cryptocurrencies offline in cold storage wallets. This means that hackers and attackers won’t have digital access to the funds. The company also reviews each withdrawal request to avoid hackers making transfers on the behalf of the actual clients.
Buy Crypto on Bybit – Registration
To buy cryptocurrencies at Bybit, you have to register first. To do this, go to the Bybit website and click the “Register” button at the top right.
On the following page, you enter an email and a password. Then answer a question and confirm your email address with a code.
You will then be taken to the following page where you select the option that you are new to trading at Bybit. Then click Buy Crypto to purchase Bitcoin or other cryptocurrencies.
How to Buy on Bybit Crypto exchange?
Once you have registered, you can use the previously described method to buy cryptocurrencies at Bybit. Alternatively, from the home screen, go to “Buy Crypto” in the header bar and then to Express.
Now select the currency Euro, select the cryptocurrency you want to purchase (Bitcoin, Ethereum or Tether), and enter the amount!
Next, select the payment method and confirm the terms and conditions. You will then be redirected to the payment method page and confirm the purchase of cryptocurrencies.
And that’s it! You now own your very first cryptocurrency. Remember that you have many other options on Bybit to choose from.
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