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Is it possible to recover lost money from crypto trading platforms such as BitMex and Bybit?
Well, it depends. If you sent crypto to the wrong address or forgot to add a memo/tag (which some coins need), Bybit might help you get it back โ but usually, youโll have to pay a fee, and itโs not guaranteed. They have a process where you submit your transaction details, and if itโs still possible,Read more
Well, it depends. If you sent crypto to the wrong address or forgot to add a memo/tag (which some coins need), Bybit might help you get it back โ but usually, youโll have to pay a fee, and itโs not guaranteed. They have a process where you submit your transaction details, and if itโs still possible, theyโll try to recover it.
BitMEX is a bit stricter and doesnโt really offer official recovery for lost funds. If you have trouble, you can contact their support, but often, lost crypto just canโt be recovered if it was sent incorrectly.
The biggest rule? Always triple-check addresses, tags, and chains before sending crypto. Once itโs gone, itโs often gone for good.
See lessWhat is the process for transferring cryptocurrency from Bybit to Coinbase Pro?
itโs actually pretty simple. Hereโs how you do it: First, make sure your crypto is in your Bybit Spot Wallet. If itโs sitting in your Derivatives or Funding wallet, just move it over to Spot. You can do that under โAssetsโ > โTransfer.โ Takes like 2 seconds. Next, go to your Coinbase Pro (or CoinRead more
itโs actually pretty simple. Hereโs how you do it:
First, make sure your crypto is in your Bybit Spot Wallet. If itโs sitting in your Derivatives or Funding wallet, just move it over to Spot. You can do that under โAssetsโ > โTransfer.โ Takes like 2 seconds.
Next, go to your Coinbase Pro (or Coinbase Advanced Trade now, same thing). Find the coin you want to receive, click Deposit, and grab your wallet address. Make sure you pick the right network โ thatโs super important (like ERC-20 for USDT or ETH, for example).
Then, go back to Bybit, hit Withdraw, pick the same coin, paste that address from Coinbase, choose the same network, and boom โ enter how much you want to send. Youโll have to go through a few security checks (like email or 2FA), and then confirm it.
After that, just chill for a bit. The transfer usually shows up in Coinbase within 10โ30 mins, depending on how busy the blockchain is.
Quick tips:
Always double-check the address and network โ one small mistake and your coins are gone ๐ฌ
Maybe try with a small amount first if you’re nervous
There might be a withdrawal fee, just a heads-up
Thatโs it! Easy money move. ๐
See lessWhat can be done to improve the security of cryptocurrency exchanges like Bybit?
crypto exchanges gotta be super careful โcause peopleโs money is on the line. First off, they should have strong two-factor authenticationโlike not just a password but a code on your phone or an app. That makes it way harder for hackers to get in. Then, stuff like cold wallets is a must. That meansRead more
crypto exchanges gotta be super careful โcause peopleโs money is on the line. First off, they should have strong two-factor authenticationโlike not just a password but a code on your phone or an app. That makes it way harder for hackers to get in.
Then, stuff like cold wallets is a must. That means keeping most coins offline so hackers canโt just steal them from the internet. Also, regular security audits to check for bugs or weak spots help a lot.
Another thing is monitoring weird activityโif someone suddenly tries to move a lot of coins or log in from a weird place, the exchange should catch that fast and maybe freeze the account till they check.
And of course, educating users to avoid phishing scams and using strong passwords is key too. If the exchange and users both stay sharp, it makes the whole thing way safer.
See lessCan someone make money through copy-trading on cryptocurrency exchanges such as Bybit, Bitmex, or Binance?
Copy-trading can be a legit way to make money if you pick the right trader to follow. On Bybit, for example, you can copy top traders who have solid strategies and good track records. Basically, whatever they trade, your account does too, so you get to ride their skills without having to be an experRead more
Copy-trading can be a legit way to make money if you pick the right trader to follow. On Bybit, for example, you can copy top traders who have solid strategies and good track records. Basically, whatever they trade, your account does too, so you get to ride their skills without having to be an expert yourself.
But heads up โ itโs not 100% risk-free. Even pros can have bad days, and crypto markets are super volatile. So, donโt just throw all your money in blindly. Start small, watch how the trader performs, and make sure youโre comfortable with the risks.
Bybitโs platform makes it pretty easy to find verified top traders with stats and past performance, so you can choose wisely. If youโre smart about it, yeah, copy-trading can be a nice way to earn, especially if you donโt want to spend all day analyzing charts yourself.
See lessWhich platform has lower fees, Bybit or PrimeXBT?
Bybit usually wins when it comes to fees. Their trading fees are pretty low โ like 0.1% for spot trading and even better for derivatives, sometimes as low as 0.025% for makers. Plus, Bybitโs fee structure is super straightforward and transparent, which is always a plus. PrimeXBTโs fees arenโt terribRead more
Bybit usually wins when it comes to fees. Their trading fees are pretty low โ like 0.1% for spot trading and even better for derivatives, sometimes as low as 0.025% for makers. Plus, Bybitโs fee structure is super straightforward and transparent, which is always a plus.
PrimeXBTโs fees arenโt 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 youโre looking to keep your costs down and get a solid trading experience, Bybitโs the smarter choice.
See lessBinance, Bitget, OKX, or Bybit? Seeking recommendations for the best one. If you've had experience with any, which would you recommend for copy trading?
Alright, Iโve tried a few of these, and honestly, for copy trading, Bybit stands out. Hereโs why: Bybitโs copy trading setup is super user-friendly and reliable. The platform is smooth, with fast execution and good risk management tools. Plus, they have a solid affiliate and rewards program if you wRead more
Alright, Iโve tried a few of these, and honestly, for copy trading, Bybit stands out. Hereโs why:
Bybitโs copy trading setup is super user-friendly and reliable. The platform is smooth, with fast execution and good risk management tools. Plus, they have a solid affiliate and rewards program if you want to grow your earnings beyond just trading.
Binance is huge and has tons of features, but their copy trading options feel a bit clunky and overwhelming for beginners. Bitget is decent but not as popular or trusted as Bybit. OKX is solid too, but again, for copy trading specifically, Bybit nails the balance between usability and professional tools.
So, if you want something pro, easy to use, and focused on copy trading with strong community support, Bybitโs your best bet.
See lessIs bybit legit?
Bybit is honestly one of the best crypto platforms out there. Super clean UI, trades are smooth, and theyโve got everything โ spot, derivatives, copy trading, even NFTs. You can start small and scale up easy. They pay affiliates daily too, not monthly like some other platforms. And if youโre into evRead more
Bybit is honestly one of the best crypto platforms out there. Super clean UI, trades are smooth, and theyโve got everything โ spot, derivatives, copy trading, even NFTs. You can start small and scale up easy.
They pay affiliates daily too, not monthly like some other platforms. And if youโre into events, they throw these crazy VIP parties and even do stuff with F1 Red Bull Racing. ๐ฅ
Security? Yeah, they had that big hack in 2025, but they handled it like pros and paid everyone back fast. Didnโt skip a beat.
And the best part? You can earn up to 50% commissions just for sharing your link. I mean, if you’re already in crypto, why not make passive income off it?
If youโre not in a restricted country (like the US), itโs honestly a no-brainer.
See lessHow do I trade Bitcoin on Bybit?
First, go to Bybit and sign up. Takes like 2 minutes. Youโll need to do that KYC stuff too โ basically upload your ID and a selfie. Nothing crazy. Once you're in, you gotta deposit some crypto. Just go to โAssets,โ hit โDeposit,โ pick Bitcoin or whatever, and send it from your wallet. Boom, funds inRead more
First, go to Bybit and sign up. Takes like 2 minutes. Youโll need to do that KYC stuff too โ basically upload your ID and a selfie. Nothing crazy.
Once you’re in, you gotta deposit some crypto. Just go to โAssets,โ hit โDeposit,โ pick Bitcoin or whatever, and send it from your wallet. Boom, funds in.
Now, to trade Bitcoin โ you’ve got two main options:
Spot trading (you’re just buying/selling actual Bitcoin), or
Derivatives trading (youโre trading contracts, kinda like betting on price movements โ but with leverage if youโre into that risk).
For spot trading (which is easiest to start with):
Go to Trade > Spot.
Pick BTC/USDT (thatโs Bitcoin vs. Tether).
Choose your order type:
Market = buy/sell instantly at the current price.
Limit = set your own price and wait for it to hit.
Hit buy or sell. Done.
After that, you can check your open trades in the โOrdersโ tab.
One tip: always start small till you get the hang of it. And maybe set a stop-loss so you donโt wake up broke ๐
See lessWhat is the cost of joining Bybit?
joining Bybit is totally free. You just sign up, no charges at all. You only pay some small fees when you actually trade or withdraw crypto, but just making an account? Nope, no cost. Plus, they even give you some bonuses when you start, like free crypto to get you going. Pretty chill, right?
joining Bybit is totally free. You just sign up, no charges at all. You only pay some small fees when you actually trade or withdraw crypto, but just making an account? Nope, no cost. Plus, they even give you some bonuses when you start, like free crypto to get you going. Pretty chill, right?
See lessWhich cryptocurrency trading platform, Bitmex or Bybit, is more profitable and why?
Both Bitmex and Bybit are pretty solid for trading crypto, but Bybit kinda has the edge if you ask me. Hereโs why: Bybitโs interface is way more user-friendly, especially if youโre new-ish to crypto trading. Plus, their customer support is better โ they actually respond fast, which is clutch when yoRead more
Both Bitmex and Bybit are pretty solid for trading crypto, but Bybit kinda has the edge if you ask me. Hereโs why:
Bybitโs interface is way more user-friendly, especially if youโre new-ish to crypto trading. Plus, their customer support is better โ they actually respond fast, which is clutch when youโre dealing with money.
Also, Bybit tends to have more trading pairs and lower fees sometimes, so you keep more of your profits. And they have a killer affiliate program where you can earn extra if you bring friends in, which Bitmex doesnโt really do as well.
Bitmex was the OG, but theyโve had some issues with delays and strict KYC, which can be annoying.
So if you want smooth trading, better support, and more ways to make money, Bybitโs probably more profitable in the long run.
See less