Are you looking to get started with Margin Trading? Try Bybit with $10 in BTC Welcome Bonus (+$50 on Deposit)
1. Introduction
I was looking for Bitmex alternatives the other day and came across Bybit.
Bybit is cryptocurrency derivatives exchange registered in British Virgin Islands and is in operations since December of last year.
It is offering BTCUSD, ETHUSD, XRPUSD, EOSUSD perpetual contracts with up to 100x leverage, and also supports native coins as collateral.
Bybit offers limit order, market order, and conditional orders. Takers are charged 0.075% on each order, makers on the other end receive 0.025% on each trade.
2. Registration
Registration process is pretty straight forward.
Head to Bybit.com, sign up with your email or mobile number, input the confirmation code and done. There is no KYC requirement.
3. Claiming the bonus
3.1 Claiming the registration bonus
— Complete the registration.
— Follow Bybit on Twitter and retweet the pinned tweet (Remember to quote and retweet, otherwise you won't be able to get retweet link).
— Lastly, fill this Form
You shall receive registration bonus into your account within 5 days.
3.2 Claiming the trading bonus
Deposit 0.2 BTC or 6 ETH to claim $50. Note that, only initial deposit will be counted towards bonus.
Bonus Terms:
Bonus is meant to try out the platform hence it can not be withdrawn. However, it can be used for trading fees, order margin, funding fees and to cover potential losses. Profits made from the bonus can be freely withdrawn, but doing so would forfeit any Bonus remaining.
4. Deposits and withdrawals
Deposits and withdrawals are processed three times daily (8:00, 16:00, 24:00 UTC).
5. Things I liked about Bybit
— Excellent customer support. I asked something on livechat and got response in less than a minute.
— Friendly UI. I found it better than bloated bitmex ui.
— Mobile friendly.
— Ability to put Native coins as collateral.
— Ability to Set TP/SL when you enter.
— Lots of educational content: https://help.bybit.com/hc/en-us
Interesting but I still dont know what to think of margin trading
Posted using Partiko Android
Risky when done with own funds, fun when done for free ;)
Posted using Partiko Android
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KuCoin will also be launching their own margin trading with an offer of 20% discount in KCS if used as payment for transaction fees, the announcement was made 3 days ago and the launching of margin trading will be on 31st of october: https://www.kucoin.com/news/en-kucoin-will-launch-margin-trading-service?utm_source=tftj