Bybit usually wins when it comes to fees. Their trading fees are pretty low — like 0.1% for spot trading and even better for derivatives, sometimes as low as 0.025% for makers. Plus, Bybit’s fee structure is super straightforward and transparent, which is always a plus. PrimeXBT’s fees aren’t terribRead more
Bybit usually wins when it comes to fees. Their trading fees are pretty low — like 0.1% for spot trading and even better for derivatives, sometimes as low as 0.025% for makers. Plus, Bybit’s fee structure is super straightforward and transparent, which is always a plus.
PrimeXBT’s fees aren’t terrible but tend to be a bit higher overall, especially when you factor in overnight and funding fees on certain trades. Also, Bybit gives you tons of ways to reduce fees with their VIP program, bonuses, and promotions.
So if you’re looking to keep your costs down and get a solid trading experience, Bybit’s the smarter choice.
See less
Are there any downsides to using MT5 brokers for crypto trading?
Yeah, there can be some downsides to using MT5 (MetaTrader 5) brokers for crypto trading, especially if you're coming from a platform more tailored for crypto. Here's a casual breakdown: ❌ Downsides of using MT5 for crypto trading: Not Built Just for Crypto MT5 was originally designed for forex andRead more
Yeah, there can be some downsides to using MT5 (MetaTrader 5) brokers for crypto trading, especially if you’re coming from a platform more tailored for crypto.
Here’s a casual breakdown:
❌ Downsides of using MT5 for crypto trading:
Not Built Just for Crypto
MT5 was originally designed for forex and CFD trading. Crypto is kinda tacked on. So you might miss out on features dedicated crypto platforms have (like staking, DeFi access, or detailed on-chain data).
Limited Coin Selection
Most MT5 brokers don’t offer a wide range of cryptos. You’ll usually just see the big names—BTC, ETH, maybe a few others. Forget about trading low-cap gems or meme coins.
No Real Ownership
You’re usually trading CFDs (contracts for difference), not the actual crypto. That means no wallet withdrawals, no sending to your cold wallet, no on-chain stuff. You’re just speculating on price.
Higher Spreads / Fees
Some MT5 brokers mark up spreads or charge commissions. Not all, but it’s common—especially on weekends or during high volatility.
Limited 24/7 Support
Crypto trades 24/7, but many MT5 brokers aren’t built for that kind of schedule. Some might limit trading hours or have poor support outside of forex trading times.
Leverage Can Be Dangerous
MT5 often allows high leverage (like 1:100 or more), which is risky AF in crypto markets that are already super volatile.
✅ When MT5 can be useful:
If you’re into technical analysis, algo trading, or using EAs (expert advisors), MT5 is pretty solid. It’s powerful, fast, and familiar for traders who’ve used MetaTrader before.
See lessIPL 2025
Okay but like... this IPL season? So intense 😩RCB, PBKS, GT, and MI made it to top 4, and honestly? I lowkey want RCB vs PBKS in the final. The drama? The energy? I'm here for it 🔥 Other combos that could happen tho:– GT vs PBKS (a total surprise but could be cute tbh)– MI vs RCB (iconic battle, nglRead more
Okay but like… this IPL season? So intense 😩
RCB, PBKS, GT, and MI made it to top 4, and honestly? I lowkey want RCB vs PBKS in the final. The drama? The energy? I’m here for it 🔥
Other combos that could happen tho:
– GT vs PBKS (a total surprise but could be cute tbh)
– MI vs RCB (iconic battle, ngl)
– GT vs MI (like, OG vibes)
– RCB vs GT (that’s a power clash)
Manifesting a final that gives ✨main character energy✨.
See lessWhich MT5 brokers are best for cryptocurrency trading?
If you're into crypto trading and want to use MetaTrader 5 (MT5), there are some really solid brokers out there that support it. Here are a few of the best ones you can check out: 🔥 Best MT5 Brokers for Crypto Trading 1. Bybit Great for hardcore crypto traders — they’ve got 400+ coins, including futRead more
If you’re into crypto trading and want to use MetaTrader 5 (MT5), there are some really solid brokers out there that support it. Here are a few of the best ones you can check out:
🔥 Best MT5 Brokers for Crypto Trading
1. Bybit
Great for hardcore crypto traders — they’ve got 400+ coins, including futures and options.
Up to 100x leverage if you’re into high-risk plays.
Super user-friendly and packed with pro tools.
2. Eightcap
Offers around 95+ crypto pairs, which is a lot!
Leverage can go up to 500:1 — but careful, that’s high.
They even let you automate trades with tools like Capitalise.ai.
3. FP Markets
Not as many cryptos (around 12), but really solid broker overall.
Good spreads, fast platform, and it’s well-regulated.
Works well for beginners who want to keep it simple.
4. Vantage Markets
About 40+ cryptos including BTC, ETH, SOL, and DOGE.
Nice platform, regular promos, and pretty fast execution.
Also regulated, so it’s relatively safe.
5. Pepperstone
Big name in forex, and their crypto game is strong too.
Very tight spreads and no commission on trades.
One of the more reliable and trustworthy options.
6. Tickmill
Good mix of cryptos and a super fast platform.
They’ve been around a while and have a solid rep.
24/7 trading on MT5 too — not bad!
7. IC Markets
Great for experienced traders.
Offers raw spreads, meaning super low costs.
Also has good liquidity and fast order execution.
🧠 Quick Tips
See lessIf you’re new, start with something like FP Markets or Eightcap — easy to use, not overwhelming.
Want to trade a wide variety of coins? Go with Bybit or Vantage.
Check if the broker supports your country and payment methods.
Always check regulation status so you know your funds are safe.
I forgot to input my promo or referral code during registration. Can I add the code later?
If you forgot to enter a referral code during your Bybit account registration, you generally cannot add or modify it afterward. Bybit does not allow changes to referral codes once an account is created.
If you forgot to enter a referral code during your Bybit account registration, you generally cannot add or modify it afterward. Bybit does not allow changes to referral codes once an account is created.
See lessIs Crypto Trading Halal or Haram?
It depends on how you do it. Some scholars say crypto is halal as long as you're trading it like a real asset — just like gold or stocks. That means: You own the crypto you're trading You're not using interest-based loans You're not just gambling or chasing hype coins But others say it's haram if yoRead more
It depends on how you do it.
Some scholars say crypto is halal as long as you’re trading it like a real asset — just like gold or stocks. That means:
You own the crypto you’re trading
You’re not using interest-based loans
You’re not just gambling or chasing hype coins
But others say it’s haram if you’re:
Doing super risky trades or day trading
Treating it like a casino
Getting into shady or scammy projects
Basically, if you’re careful, avoid interest and speculation, and treat crypto like a real investment — many believe it’s okay in Islam.
Best move? Talk to a scholar you trust who knows about both Islam and crypto.
See lessWhere is Bybit located?
Bybit is headquartered in Dubai, United Arab Emirates. In April 2023, the cryptocurrency exchange officially relocated its global headquarters to the Dubai World Trade Center, occupying a 16,000-square-foot office space overlooking landmarks like the Burj Khalifa and the Museum of the Future . ThisRead more
Bybit is headquartered in Dubai, United Arab Emirates. In April 2023, the cryptocurrency exchange officially relocated its global headquarters to the Dubai World Trade Center, occupying a 16,000-square-foot office space overlooking landmarks like the Burj Khalifa and the Museum of the Future . This move followed the company’s receipt of in-principle approval from Dubai’s regulators in 2022 .
Bybit was originally founded in 2018 by Ben Zhou in Singapore. Since its relocation, Dubai has become the central hub for its global operations
See lessWhat is the Bybit Boosted Trader Program and how can I qualify?
If you’re a trader looking to take your copy trading game to the next level, the Bybit Boosted Trader Program is an amazing opportunity you don’t want to miss. With exclusive features that boost your visibility and a massive 180,000 USDT bonus pool to reward your followers, this program is designedRead more
If you’re a trader looking to take your copy trading game to the next level, the Bybit Boosted Trader Program is an amazing opportunity you don’t want to miss. With exclusive features that boost your visibility and a massive 180,000 USDT bonus pool to reward your followers, this program is designed to help you grow your follower base fast and stand out in the crowd.
Ready to get started? Sign up now and join the ranks of top Master Traders gaining extra exposure and attracting more followers every day. Don’t wait — your chance to shine and boost your earnings is just a click away!
👉 Join the Bybit Boosted Trader Program here!
See lessCan bybit work in usa?
No, Bybit does not operate in the United States. As of 2025, Bybit clearly forbids users from the United States based on regulatory limitations. The United States is one of Bybit's "Excluded Jurisdictions," and therefore the platform does not provide services or products to customers in the U.S. TryRead more
No, Bybit does not operate in the United States. As of 2025, Bybit clearly forbids users from the United States based on regulatory limitations. The United States is one of Bybit’s “Excluded Jurisdictions,” and therefore the platform does not provide services or products to customers in the U.S.
Trying to access Bybit from the U.S., even through means such as VPNs, is against their Terms of Service. Bybit can close accounts and settle open positions if they find a user has falsified their location.
This limitation is because of the regulatory stringent environment in the U.S., which requires crypto exchanges to abide by high compliance levels. Bybit has decided not to operate in the U.S. to prevent legal issues.
For users in the U.S., it’s best to look at exchanges that are registered and compliant with U.S. regulations, like Coinbase or Kraken.
See lessHow do MT5 brokers ensure the security of traders' funds?
the security of your funds with an MT5 broker really depends on the broker itself. The good ones usually keep client money in segregated accounts, which means your funds are kept separate from the company’s own money — so if they go bust, your funds aren’t part of their debts. Regulated brokers (thiRead more
the security of your funds with an MT5 broker really depends on the broker itself. The good ones usually keep client money in segregated accounts, which means your funds are kept separate from the company’s own money — so if they go bust, your funds aren’t part of their debts.
Regulated brokers (think FCA, ASIC, CySEC, etc.) are generally safer because they’re required to follow strict rules — regular audits, minimum capital requirements, and so on. If a broker isn’t regulated or the license sounds shady, that’s a red flag.
On the tech side, most use SSL encryption and two-factor authentication (2FA) these days. It’s pretty standard now, but still worth checking. Also, a legit broker will have a proper withdrawal process — like verifying your ID before sending money out — to prevent fraud.
At the end of the day, always do your homework. Reviews help, but look beyond just ratings — check how long they’ve been around, how transparent they are with their terms, and whether they’re actually regulated by a real authority. Trust your gut — if it feels off, it probably is.
See lessCan beginners use MT5 brokers for cryptocurrency trading?
Absolutely — beginners can use MT5 brokers for crypto trading, but there are a few things to keep in mind. MT5 (MetaTrader 5) is actually a pretty solid platform. It's widely used, and while it's packed with features, it’s still beginner-friendly once you get the hang of it. You can open a demo accoRead more